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      Agent Spotlight

      About Michael

      Executive Vice President of Gibson Sotheby's International Realty, Michael Carucci has been one of the most trusted names in the Boston real estate market for more than 30 years.

      Michael is one of Boston's highest producing agents and is consistently ranked in the top 1% in sales volume for the Greater Boston area. He is a recognized expert in the residential and commercial Boston real estate market and is regularly quoted in articles, appearing in the Boston Globe, Boston Herald, Boston Business Journal, and Banker & Tradesman. He is also a contributing editor for Boston Common Magazine...

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      Michael's Testimonials

      Working with Michael is always a pleasure. Whether on a residential sale or purchase, or a larger multi-family or retail transaction, you know that your interests are being looked after by one of [...]

      Michael has an exceptional ability to uncover opportunities in an otherwise very competitive market. His follow through and execution make all the difference.

      Michael is knowledgable, patient, and professional. If you’re considering a sale or purchase, I recommend Michael Carucci.

      Michael Carucci's knowledge, advice, and guidance of the property market is extraordinary. Coupled with Michael's genuine concern for the welfare of the family in a stressful [...]

      "What sets Michael apart from other brokers is his attitude that the job doesn't stop when the ink dries on the closing papers. He was a tremendous help when my family and [...]

      "Michael is a star broker. By that, I mean he brings buyers and sellers together and makes deals happen. Both parties leave the closing table happy. He knows everybody and everybody knows him. [...]

      Michael did a great job closing the deal for us per my specific requests. He is very responsive - he always picks up the phone when I call him. I highly recommend him.

      Michael represented me on both the sale of my home and the purchase of a new one that better suited my family. Michael’s execution was flawless and I would highly recommend him for any of [...]

      Blog :: 2014

      Bo$ton - A One Hundred Billion Dollar City

      According to the Boston Globe, we live in a One Hundred BILLION Dollar City ~ 110 Billion, to be exact.

      Boston for the first time in history has an assessed real estate value of over $110 Billion Dollars according to city assessment records. And with millions of square feet under construction, the potential of being an Olympic host city, the boom of the Seaport District and completion of the Big Dig, it seems it will not be slowing anytime soon. 

      For many investors, and for those thinking about selling this is great news but for some this news is not all good. With the increased value of real estate (nearly 10% in the past year), and the largest increase since 2007, will come hefty tax increases. Fortunately, state laws prevent increases more than 2.5% in a one year period.

      To read more about what this all means to our beloved Boston, check out the Globe's article at the link below.

      http://bit.ly/1ArSbDy

      If you're looking to find out the value of your property, you can reach one of experts at 617-901-7600.

       

      'Tis The Season To List Your Home

      According to a 2013 study by online real estate brokerage firm, Redfin, stronger housing markets including Boston, see a sales advantage when listing during the winter months compared with any other season. This could be because typically many sellers will pull their listings during the holiday season, decreasing inventory and competition for those remaining on market or because Boston sees many corporate, academic and medical transfers during these months coming in after the first of the year. 

      This information combined with data suggesting that Boston continues strong growth in the million dollar luxury market with millenials now joining the ranks of buyers means more opportunity for sellers than that seen in previous years. 

      Bundle in historically low interest rates making home owning more desirable and less expensive than renting in many markets, and you've got a potentially great holiday bonus when you list your home at this time of year.

      To understand the value of your home and market trends in your neighborhood, contact Michael Carucci directly at 617-901-7600.

      Mortgages Poised To End Year On A Low Note.

      Mortage rates continue to trend downward as the year comes to a close. Last week, 30-year rates dropped BELOW 4%, the lowest interest rate since this past May. This amount is only slightly lower than December 2013 and mortgage rates have stayed consistantly low since last year.  Lower rates combined with reduced home sales prices, typical at this time of year, could entice many homeowner to shop for a new home this holiday season. 

       

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        Olympics By the Numbers and Cents

        With Boston placing itself as a candidate to host the 2024 Summer Olympics, this blogger took a look at some of the numbers being played in the Olympic games:

        THREE - The number of years we must wait for the Olympic Committee to decide it's host

        FOUR - The number of US cities vying for the honor. (Boston, Washington, San Francisco and Los Angelos)

        FIVE - The number of continents hoping to host

        SEVEN - The number of years it will take the host city to prepare

        NINE - The number of bidders in 1995 for the 2002 Winter Olympics; (and TWO the number of bidders in 2014 for the 2022 games)

        TEN - The number of countries potentially submitting bid

        TWELVE - the number of bidders in 1997 for the 2014 Summer Games; (and THREE in 2013 for the 2020 games.)

        SEVENTEEN - The number of days the event lasts

        THIRTY - The amount of competition venues that are required

        EIGHTY THOUSAND - The number of seats needed for the largest of venues

        TWENTY - The number of acres required to build the largest venue

        FORTY-FIVE THOUSAND  - The number of hotel rooms that will be needed

        TWO HUNDRED THOUSAND - The size of the work force needed

        $1 BILLION - The amount of dollars needed to build just the largest of venues

        $4.5 BILLION - The amount of private funding needed to build all Olympic venus

         

         

         

         

         

        Boston Common Frog Pond Opens for Winter Skating Season

        It's freezing and the ice is ready ... And that means tomorrow, Saturday, November 22nd is the opening celebration of the 2014-2015 skating season at the Boston Common Frog Pond!

        The rink has evolved over the years into a popular skating destination for locals and visitors complete with café, complimentary Wi-Fi, rental lockers, music, events, skate rentals & lessons and offers incredible views of the city! More information and details can be found on their website at: http://www.bostonfrogpond.com/

        Since 1898 children of all ages have enjoyed the Boston Frog Pond. The location, which was originally a spring-fed watering hole for the city's cattle dates back to the founding of the Boston Common in 1634 and yes, it did have frogs!

        In the1840s, water demands for clean drinking and fire fighting were answered via water storage on the location. The water was provided from the Sudbury River via the Cochituate Aqueduct in Brookline and then piped in.  A fountain was built and the dedication ceremony for this historical event drew 100,000 people.

        Because the location has always remained pundeveloped and undisturbed, an archeological site was discovered in 1988. The site revealed that in pre-historical times, people made pottery and stone tools from local resources, hunted and ate clams. More information and an incredible digital reconstruction of the evolution of the Boston Common can be found on the following pages:

         

        http://www.theshawmutproject.org/FrogPond

        https://www.citywalkingguide.com/boston/tidbits/frogpondfacts

         

        Group Boston Real Estate's Michael Carucci Brokers the Sale of 44 Concord Square in Boston's South End for $4,300,000!

        Group Boston Real Estate's Michael Carucci Brokers the Sale of 44 Concord Square in Boston's South End for $4,300,000!

        Located in Boston's South End,  44 Concord Square is a pristine, investment-grade lodging house. The 5-story, 16-unit property boasts roughly 5,331 square feet and  4 parking spaces.

        Mr Carucci represented both the buyer and seller in this transaction.

        About Group Boston Real Estate:

        Group Boston Real Estate is a boutique real estate brokerage in Boston's prestigious Back Bay neighborhood, specializing in the sale of luxury homes and condominiums, as well as commercial and investment properties in the Greater Boston area. With a background comprising of over 100 years of collective real estate experience in every property category and an excess of $5 billion in successfully completed real estate transactions, Group Boston Real Estate continues to raise the bar in the industry and local community. More information on Group Boston Real Estate is available at www.BostonRealEstate.net.

        Patty McIntyre

        Group Boston Real Estate

        617-262-1900

         

        Boston Scores Top Cultural Planner For New Chief of Arts Appointment

        Hats off to Mayor Martin J.  Walsh for landing Julie Burros as Boston’s first cabinet level Arts Chief, who will be sworn into office in December.

        Ms. Burros’ extensive experience and skill at getting things done within city government in Chicago, was a big factor in decision-making of the appointment which began as a nationwide search in March. “There were benefits to choosing an outsider.” “It’s an opportunity to bring somebody in who doesn’t have any preconceived decisions on what programs work and what programs don’t,” Walsh said.

        More Information about this Appointment and Julie Burros’ impressive background can be found on the Boston Globe's Website at: 

        http://bit.ly/1uyaiYO

         

         

        Massachusetts Earns Highest Rank on National Energy Efficiency Scorecard

        Great News! The American Council for an Energy-Efficient Economy (ACEEE) released its 2014 State Energy Efficiency Scorecard for the nation and Massachusetts ranked #1 for the most efficient state. Looking at what steers leadership to manicured carbon footprints, are regulations, education and major dollar incentives in the form of grants, rebates, and energy programs which offer energy saving performance contracts to it's residents.

        State buildings (owned or leased) were under executive order to reduce their overall energy consumption by 20% by fiscal year 2012 and by 35% by 2020. This order also requires that all new state construction and major renovations meet Massachusetts LEED Plus green building standards which requires them to perform 20% better than state agency code. This mandate along with the aforementioned incentives has really "cleaned house". 

        Along with these wonderful incentives, Massachusetts's Green Communities Division has also designed and implemented a web-based tool that helps residents make educated decisions about energy efficient investments. It provides them with gas, electricity and oil usage information and waste guidelines. Further, Massachusetts is a partner in the United States Department of Energy's Better Buildings Challenge, a voluntary program that sets and tracks energy goals and recognizes leading participants. 

        Then there are websites like www.masssave.com sponsored by Massachusetts utilities and gas companies which offer rebates, free energy audits, advice, assessments, training, money saving ideas and budget assistance to those who qualify. 

        Massachusetts should be proud of this accomplishment. Cleaner air, cleaner rivers, cleaner work places, less energy consumption, greater efficiency, less maintenance and more appropriately allocated state and personal dollars. It's a win, win, win, win, win!

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          Despite rental housing cool-off, Boston's sales market remains hot!

           

          The Boston Business Journal reports that nearly half of all homes listed for sale saw a reduction in their list prices during the third quarter of 2014, which ended September 30th. According to the data provided by Zillow (a public online real estate database), the average price cut per home was 5%.

          While regional market trends indicate a shift towards a buyers' market, Group Boston Real Estate's President, Michael L. Carucci, states that "sales in the desirable neighborhoods of Beacon Hill, Back Bay and the South End remain strong and unaffected." He does believe, however, that the shift is permeating Boston proper's rental housing market, which is creating welcoming opportunites for renters.

          To learn more about the value of your home or investment property in today's market, you can reach Michael Carucci at 617.901.7600 or michael@bostonrealestaten.net
           

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