Wakefield real estate is on fire (also, South Boston and Charlestown)
Several towns in the Greater Boston-area are handling the real estate slowdown quite well.
As I mentioned in an entry a couple weeks ago, Wakefield is one of these.
The Herald has more:
Wakefield ranks seventh on a list of the top 10 ZIP codes in the country for single-family home sales, according to national real-time real estate data company Altos Research. Wakefield’s single-family homes, which make up 75 percent of the town’s real estate market, spent an average of 79 days on the market over the last 500 days …
… The town has many homes in the $350,000 to $400,000 price range - with a median price $387,000 and average price of $414,918, according to MLS Property Information Network.
Three-fifty to four hundred thousand is pretty much “starter-home” in the Metro area, I guess, so if you’re looking to buy, it might make a good alternative.
Also on the list was South Boston and Charlestown. The column suggests that they mean single-family homes, not condos.
Wakefield homes are hot; Seventh in U.S. for speedy sales - By Paul Restuccia, The Boston Herald
Boston Condos
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