Jennifer Athas, Boston Herald HomeSmart Contributor, on 2nd Quarter Sales

-- -- June the market has opened and Boston wants to know do we England wants to know are we gonna have a seventh bad day in a row we had six downs days in a row. On Wall Street that -- bill and it the other -- better. I like the gas -- I did too but we can't tell them that's coming that well anyway it it would appear that the stock market is open and positive. You know what he did this yesterday cut it yeah but. Today's Friday the thirteenth -- me you know. -- -- Dow up 45 points NASDAQ up thirteen S&P 500 up five oil trading up 77 cents and then you've got gold up 1460. Andy tenure US treasury at one point 49 of course we had. PPI. I came in for June that was up little bit and we are waiting on that that consumer sentiment. In about fifteen point -- get that 55950. Kind aren't -- let's go to our friend Jennifer -- -- at the Boston old Jennifer welcome to the show are things. Great thing I give us the rundown second quarter sales how'd we do. For real thing of course -- A real estate purple for both condominiums and single family homes in Massachusetts. Both the volume of the number of transactions -- a corporate 18%. Second quarter which -- Year over year right you're -- second quarter twelve compared to second quarter eleven. Absolutely and also to any of the dead members have been up monthly over fourteen months that we you know we have a nice track record. With debt we're about pricing are we seeing any increased prices or prices flat. You know in terms of prices prices -- up a little over 1%. -- this quarter I mean a median. For both condos and single family is a little over 300 about 305000. So you know we're seeing a trend you know -- small trend. But it's still going in the right direction. And you look at the numbers Jennifer and I pro should've asked you this before you we had you on but when you look at the numbers the volume of sales second quarter 2012 there up 18% over eleven but how did they compare to say I don't know -- 2003 year 20042005. When we had a hot market. In terms of 20052006. They're probably. Still slightly below 2000. Five in 2006. 2007 things started to level off. The market bottomed out in 2009. So on and then it was a bump up in 2010. Was the first time home buyer credit so you know we're still seeing. A steady increase but you know not members that we during the -- How's the -- do you know everybody's head and indicate there's already traffic on route three in on 128 south. Headed down to Cape Cod it's a park Friday is going to be a hot weekend anything moving down their. Yeah it's really a decade comment at this several broken down their top brokers in the area and they're being they're seeing activity across all price point. But what they're paying. More of this year is that trophy properties that are selling -- don't want to go in the year before you know practically nothing. That is a lot of trophy properties in the high end computer -- -- right on the water you know over the two million mark and that. And we felt a bit last year. Nothing really in 2000 at a map point. Lot of people -- -- on those this year though Jennifer because of the change in capital gains -- tax rates that are commonly next year. It's speculated that the capital gains tax -- gonna go from 15% to 24%. So. I think you're seeing now all over the country where people are loading these I saw some on CNBC last night there were solid down in Florida for thirty and forty million dollars. And it's largely speculated that those sales are occurring. Because the super Richard dumping them because they know their tax rates are gonna go it you're better off solid for couple million dollars less in waiting attacks so right. Right and another thing came in terms of the I think -- I think that a lot of the activity were thinking -- can -- These properties -- appropriately crisis now. Yeah yeah yeah -- New York what about inventory levels and are you gonna see a flood of foreclosures. Hitting the market because it seems like in a lot of markets. You you'll see it stabilize and then you see another 50000 homes that the banks have been holding back put into the markets also in the stabilization goes away. -- in the Massachusetts. I don't see that happening for a couple reasons that the you know it again that -- the job market also is very strong and in terms of the you know foreclosures that are that are gonna hit the market does not mean we don't have huge development like they have -- -- -- -- more parts of California Florida where he has -- -- 200 -- that. They're gonna hit -- -- maybe forty and a and a complex you're gonna have to market we just don't have apps. Has Tom Brady so this place yet. Tom Brady can't sell it play with a yes or. If he'd got I think it got probably wouldn't get nine point two million. This is for the place and back pain right. I played unbeaten streak in the back. And where did he movies in Brookline that's rebuilt his new place. He built a new place to Brookline but I also heard they're hot they're building it. In a huge mansion in California and where they're going to be located most of the time. -- -- that it too large homes and one child while. One child with. He's his wife freight and then knees one with the average of one hand. Yes we have a Great Britain Carnahan and then I think it. I don't know -- yet there's another one of them a bun in the oven is so there -- the three three you know and so nine point two he got for his place and back pain -- and he's -- it the easier than doing it that he built in Brooklyn and you know. Don't know like I do think it is Spanish. Went to column and ask him in in television and I wanna -- the tour of the nuclear wanna go -- Move over Tom's place corpse and should be tracked my -- he should be back in Townshend it -- camp starts another couple weeks I think. I have to live there so they say yeah he can now. He can go and see Bob Kraft and and at the opening. Honorable. -- -- -- did you watch the video. I'll collect you do it you know I just. -- June due to new a couple of times I was very turned off -- it actually. -- They didn't think about it visit my asthma. -- All right -- Jennifer thank you very much for your time publisher. That's Jennifer rapist from the Boston Herald giving us an update on all things real estate sounds like unit as -- -- Garner from that conversation. Sounds like things -- -- But prices are -- You know pretty -- may either one of two things that happen right people sellers have become. More realistic with what they're gonna get when they go to some place and so take a few more buyers coming into the market -- -- a healthy now will take.