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Danvers Multi-Family Homes

Danvers is located 17 miles north of Boston in Essex County. Being near the coast, residents can enjoy beaches, sailing, boating, and other water activities. Here are the five most popular but most expensive neighborhoods with the greatest appreciation.

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The city has 10,543 housing units with 67.3-percent owner-occupied. The median home value is $456,127, and the median monthly rent is $1,808. Among the homes, 25.1%-percent were built before 1939, 39.2-percent were built between 1940 and 1969, 24.6-percent were built between 1970 and 1999, and 11.2-percent were built since 2000. The categories for the housing units are 56.5-percent single family housing, 4.2-percent townhomes, 16.3-percent small apartment buildings, 21.5-percent apartment complexes, 1.3-percent mobile homes, and 0.1-percent other housing units. Since 2000, the city has seen real estate appreciate 59.25-percent, which averages 2.62-percent per year.

The city has a population of 27,909 and is comprised of a fairly equal mixture of blue and white-collar workers. The predominant employment for the residents is in the areas of computers and math, which places the city in the top 5-percent of cities nationwide with residents working in those areas. Residents spend about 27 minutes commuting to work, but they can use the MBTA bus service or access the MBTA rail system in nearby Salem and Beverly. Among the residents, 40.74-percent have a bachelor's degree or higher. For the 2010 census, the per capita income was $38,258, and the median household income was $79,913.

This information can help you when you are trying to make a decision on purchasing multi-family housing in this city and surrounding areas. However, there are more factors to consider, and the real estate market changes, so hiring a knowledgeable and experienced real estate agent who is current with the latest trends and information will make your property search easier and provide you with the best long term investment property. With the potential for only a few properties to be available at times in this city, a real estate agent can help you find properties in other areas that suit your interests and help you avoid any potential bidding wars. An agent will know the current market, the area, and any possible changes in the market. They can help you find the properties that will give you the highest return on your investment. They will know the zoning restrictions and possible development in the area that could affect your investment. Their knowledge of the local market can help you make a bid and negotiate with the seller, so that you are successful at purchasing the property you want at a reasonable price. Hiring a real estate agent as your buyer representative positions you better to make a purchase that will benefit you for the long term.

If you have property that you want to sell, an experienced, knowledgeable real estate agent who is familiar with the area will be able to help you explore the current market and decide on the best course for marketing your property. Their goal will be to sell your property quickly at the highest possible price. However, if you have multiple potential buyers bidding for your property, an agent can help you analyze the bids and the potential buyers. A buyer with a good bid but whose bid is contingent on the sale of another property may not be the best offer to accept. We can help you find a qualified buyer and get the best price for you.

For expert advice on the Boston area real estate market, contact us to buy or list a multi-family property in Danvers.

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