Gibson Sotheby’s International Realty Expands into Charlestown

Despite the recent concerns about the economy, Gibson Sotheby’s International Realty continues to grow and extend their reach throughout the Greater Boston area. The firm recently announced that they have acquired Grancey & Company Real Estate, and will remain in Grancey’s spectacular location in Charlestown’s Thompson Square. Through Gibson Sotheby’s International Realty’s recent expansion, they are now able to offer more opportunities and enhanced service to areas north of Boston. “We’ve strategically located our offices to offer the finest service in and around Boston. Charlestown is an area we’ve had our eye on for some time now. We are very excited about what this means for our company and our clients” said Larry Rideout, CEO and Owner of Gibson Sotheby’s International Realty.

When asked about the timing of this expansion, Rideout was confident in the strength of the Boston real estate market. “We are the only firm in the top seven in the state of Massachusetts that is doing better than last year. We are very confident in our ability to help our clients succeed in this market. We offer a full portfolio of rentals, sales and relocation services. People are looking for advice, experience and full service. Our agents give them what they need.”

Founded in 1989, Grancey & Company Real Estate has serviced clients in Charlestown’s historic neighborhoods. Situated at the head of Boston's vibrant inner harbor, and across the Charles River from Beacon Hill and Back Bay, Charlestown borders Cambridge. Gibson Sotheby’s, founded in Boston’s South End as a boutique agency, has become a regional powerhouse – with its firm ranking boosted to #7 in the state of Massachusetts (source: MLS).

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.

The Red Sox aren’t the only winners in the Fenway

A recent market study suggests that Boston’s Fenway neighborhood is showing market momentum, with a whopping 12.3% increase in average sales price to $359,156. A meager 2.71 month supply of inventory, even lower than the South End, is driving favorable prices for homeowners within that area. The average days on market are a shocking 86 – by comparison, the South End is performing well at 122!

The Fenway neighborhood, most well-known for being the home of the Boston Red Sox, is also the location of the Museum of Fine Art, the Isabella Stewart Gardner Museum, as well as several notable universities and colleges.

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Source: MLS.

Boston’s hot neighborhoods still going strong

A study on the housing inventory in the neighborhoods in and around Boston is showing an overall reduction in inventory and some increases in median and average sale prices. The big winners were the South End and Back Bay. Along with the South End’s 3.21 month supply and the Back Bay’s 5.77 month supply, each area has also enjoyed an increase in average sale price. The South End increased 5.4% to $642,969 and Back Bay jumped 7.6% to $932,316.

Source: MLS.

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.