Michael Carucci sits down with Bisnow Boston’s Cameron Sperance and talks about the luxury real estate market, baby boomers and the live/work/play model of the city!
Michael Carucci sits down with Chris Devin, to talk about the Boston real estate market overall and why more people are moving into the city and less people are moving out. Plus, he explains why there’s such a strong demand for trophy assets in Boston.
Three years after buying the NYC listings portal, Spencer Rascoff’s Zillow is rolling out controversial (but lucrative) programs that have led to all-out war with residential brokers. Is there a resolution in sight?
Owned by real-estate developer Bruce Percelay and his wife Elisabeth, the home is one of the city’s priciest listings.
A renovated townhouse in Boston’s Back Bay is going on the market for $15.75 million, making it one of the city’s priciest listings.
The red brick-and-brownstone townhouse, built in the late 1800s, measures about 9,100 square feet and is spread over five stories plus a finished basement, according to listing agent Michael Carucci of Gibson Sotheby’s International Realty. It is divided into three units: a three-bedroom apartment on…
A roughly 600-acre New Hampshire estate is seeking $9.95 million, making it one of the most expensive homes for sale in the state, according to listing agent Linda Rosenthall of Four Seasons Sotheby’s International Realty.
Called Coot Farm, the property is in Barrington, a small town in a rural area about 30 miles from the coast. Its nearly 15,000-square-foot main house has four bedrooms, a library and a game room, according to Ms. Rosenthall.
There is a trophy room, which currently contains a number of animals hunted from all over the world, a chapel and rounded tower topped with an observatory that opens to the sky. There is also an 82-foot-long indoor swimming pool which comes with a locker room, a gym and a sauna/steam room.
City life is hot, the burbs are not. That’s the word from real estate agents who say Boston home-buyers are snubbing the suburbs.
“It’s the product of the ‘live, work, play’ phenomenon,” said Michael Carucci, executive vice president at Gibson Sotheby’s International Realty. “It’s not just in Boston. It’s happening across the country, all over the world. What’s happened over the years is people are now looking for convenience. That’s become such a critical word in the Boston residential market.”
Carucci cited MLS data showing the number of homes on the market in Wellesley, Newton and Weston were 92, 96 and 98, respectively. Meanwhile properties in these once-hot burbs have been sitting on the market for an average of 121.05, 79.25 and 193.64 days.
“Five or 10 years ago, the driving force was twofold,” he added. “It was about schools and education, and it was about young families wanting that white picket fence. What’s changed now is that so many of these families opt to stay in the city. They’ve realized, ‘I don’t want to leave. I don’t want to sit in traffic for two hours a day.’ ”
Michael Carucci has been the go-to luxury agent for celebrities and luxury home buyers of all kinds for more than two decades. When it comes to recording artists, movie stars, and professional athletes, they all seek out The Carucci Group for expert luxury real estate representation when it comes to buying or selling their Boston homes. So, what do celebrity clientele look for when they need new digs? Here’s how Michael Carucci’s celebrity clients shop for homes.
Agent Michael Carucci, founder of The Carucci Group at Gibson Sotheby’s International Realty, is an expert in Boston real estate, consistently ranked among the top 1% of agents in sales volume for Greater Boston. In 2016, he sold around $167 million in residential and commercial real estate assets, and he has nearly 50 years of experience real estate.
Mr. Carucci, who grew up in public housing in Somerville, Massachusetts, now lives in an apartment overlooking Boston’s Public Gardens in the Four Seasons. We spoke to Mr. Carucci about his apartment, how the current political climate could affect Boston real estate, and much more.
Michael Carucci and The Carucci Group demonstrate continued momentum in 2017 on the heels of $183 million in transactions to close 2016
BOSTON, Jan. 10, 2017 /PRNewswire/ — Michael Carucci, Executive Vice President of Gibson Sotheby’s International Realty, announces today the sale of 346 Newbury Street in Boston, Massachusetts for $13.1 million.
Located on one of the finest blocks in Boston’s prestigious Back Bay neighborhood, 346 Newbury Street is home to renowned clothing and apparel retailer Patagonia. Carucci represented the seller, Studio Realty Trust, and identified the buyer, UMNV 346 Newbury LLC, a joint venture between UrbanMeritage and Novaya Real Estate Ventures, in the transaction.
“Michael has brought us many opportunities on Newbury Street over the years. We are excited to add this great asset to our expanding Newbury Street portfolio,” commented Vin Norton, Principal of UrbanMeritage.
“346 Newbury is a blue chip asset an ideal portfolio hold. It was a pleasure working with both the buyer and seller on this transaction,” commented Michael Carucci, Executive Vice President Gibson Sotheby’s International Realty.
In addition to the transaction of 346 Newbury Street, Carucci, who is regularly tapped for large-scale commercial acquisitions in Boston, has brokered the sale of neighboring properties, including 240A Newbury Street, which served as home to one of the city’s most renowned bars Daisy Buchanan’s, for $15 million and others. 346 Newbury Street encompasses nearly 7,000 square feet of prime commercial space across two floors.