The following towns have been determined on basis of stability of real estate values. How buyers investments have weathered the financial recession. The following list has been based off of findings reported by The Warren Group.
“The Warren Group, a Boston-based real estate tracking firm, provided us with the following median prices for 2005 and 2009 (2005 was considered the market peak in Massachusetts; since then, the median single-family home price has shrunk by 20 percent statewide).”
Here are the top 10 picks.
If you are interested in learning more on current great investments or wish to know how your Massachusetts town is weathering the storm please contact a Warren Residential agent, we are happy to assist you.
#10. BROOKLINE
Median single-family home price in 2009: $1,169,250
Change since market peak in 2005: +4%
Median condo price in 2009: $451,000
Change since market peak in 2005: -3%
Population: 54,896
Residential tax rate: $10.97
#9. WESTON
Median single-family home price in 2009: $1,207,600
Change since market peak in 2005: +1%
Median condo price in 2009: $665,000
Change since market peak in 2005: +9%
Population: 11,711
Residential tax rate: $11.10
#8. DOWNTOWN BOSTON (BACK BAY – BEACON HILL – WEST END – NORTH END - WATERFRONT – MIDTOWN – CHINATOWN – SOUTH END)
Median single-family home price in 2009: $1,958,000
Change since market peak in 2005: +45%
Median condo price in 2009: 510,000
Change since market peak in 2005: -2%
Population: 79,731
Residential tax rate: $11.88
#7. NATICK
Median single-family home price in 2009: $417,750
Change since market peak in 2005: -9%
Median condo price in 2009: $310,000
Change since market peak in 2005: +29%
Population: 31,880
Residential tax rate:$11.67
#6. LYNNFIELD
Median single-family home price in 2009: $495,000
Change since market peak in 2005: -12%
Median condo price in 2009: $452,200
Change since market peak in 2005: +45%
Population: 11,412
Residential tax rate: $12.84
#5. ROWLEY
Median single-family home price in 2009: $420,000
Change since market peak in 2005: -10%
Median condo price in 2009: $349,900
Change since market peak in 2005: +75%
Population: 5,738
Residential tax rate: $12.50
#4. WINCHESTER
Median single-family home price in 2009: $710,000
Change since market peak in 2005: -3%
Median condo price in 2009: $360,000
Change since market peak in 2005: +9%
Population: 21,090
Residential tax rate: $11.51
#3. CAMBRIDGE
Median single-family home price in 2009:$680,000
Change since market peak in 2005: +2%
Median condo price in 2009: $408,000
Change since market peak in 2005: -3%
Population: 105,596
Residential tax rate: $7.72
#2. JAMAICA PLAIN
Median single-family home price in 2009: $529,000
Change since market peak in 2005: +6%
Median condo price in 2009: $316,650
Change since market peak in 2005: -2%
Population: 38,074
Residential tax rate: $11.88
#1. WENHAM
Median single-family home price in 2009: $550,000
Change since market peak in 2005: +5%
Median condo price in 2009: $599,000
Change since market peak in 2005: +87%
Population: 4,788
Residential tax rate: $15.56 per $1,000 of assessed value
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