Brookline, MA is among one of the Greater Boston communities that defied current real estate trends and reported an increase in home sales amidst a tough time for Boston real estate. Real estate data tracked by Warren Group has revealed that July, 2010 home sales in certain Massachusetts towns and cities have increased when compared to home sales during July, 2009.
For the majority of cities and towns in Massachusetts, home sales have hit a 20 year low, with July home sales falling 26% over the past year. Here is a list of the 10 Massachusetts towns that have stomped on these statistics and weathered the economic storm.
(Percentages represent increase in sales compared with July 2009)
Cohasset- 130%
Norwood- 117%
Chatham- 100%
Bedford- 78%
Dennis- 41%
Easton- 27%
Brookline- 20%
Melrose- 20%
Hingham- 18%
Marblehead- 18%
Not only did Brookline real estate experience a 20% increase in sales, but this small city also saw an increase in median home prices by 14.5%. Experts attribute Brookline’s success to its many shops and accessible public transportation. Boston’s young professionals and recent college grads also help make this area recession-proof.
Check out Warren Residential’s online listings of Brookline apartments and condos. You can also view the full article here.
