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Everett, MA Real Estate

Finding a home to buy or rent in the bustling little city of Everett, MA, doesn’t have to be an ordeal. For best results and a much easier time, connect with the experts at Boston City Properties. When you sign up using the easy form, you’ll get free, instant, unlimited access to our continually updated online database of searchable MA property listings, and your search will be well underway. Read on to learn more about buying and renting real estate here—and about the many ways in which our team can help.

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Due to its proximity to the city of Boston, its affordable home values and other factors, this city has a very competitive local property market. If you are determined to buy or rent a home here, then, you will need all of the help that you can get. In addition to searching our listings to check current availability, you can avail yourself of numerous resources and interactive tools on our website to kick your search into overdrive.

Certain property types are easier to find in this city than others. If you are searching for something that’s less widely available, you will especially appreciate being referred to an experienced local agent. Whenever you’re ready, just give us a call; a member of our team will connect you with one right away. Finding a new home is a big step, and it pays to take your time and do it right. Whether you will be renting or buying, Boston City Properties has you covered every step of the way. In the meantime, read on to learn more about this city’s local market to know what to expect.

City Overview

Located as it is just 4 miles directly north of downtown Boston, this Middlesex County city is a convenient and natural choice for anyone who wants to be within close proximity of the city and all that it has to offer. Covered by the 02149 zip code, this city makes up a huge part of the Port of Boston. At the time of the 2010 U.S. Census, its population hovered at around 41,700 people, so it is large enough to have plenty to offer in terms of residential property.

This bustling city is bordered by several communities, including Revere, Malden, Somerville and Chelsea. It’s also right across the Mystic River from Boston. Homes are available for sale and for rent here across its many neighborhoods, including Hendersonville, Glendale and Woodlawn. The cost of living here is roughly in line with that of the state; in MA, the average cost of living is around 137.7 on the cost-of-living index while the average cost of living in this city is 140.3. A score of 100 represents the average cost of living for the country as a whole.

Market Overview

Given that it’s located directly across the river from Boston, this city is mostly urban in nature. Therefore, its market is dominated by high-density residential properties like apartment buildings and condo buildings. Single-family homes are available to a certain extent, but the pickings are generally pretty slim. It helps to have someone by your side who is familiar with the city’s local market and offerings, and Boston City Properties can refer you to an agent whose help is sure to make a huge difference.

Throughout the city, 15,539 residential properties are currently on record. At first glance, then, it’s easy to assume that finding a place will be a piece of cake. However, its proximity to the city also means that it gets a lot of spillover interest from people who are priced out of the Boston market. As a result, the market here is nearly as fast-paced and competitive. It tends to be much easier to find apartments, townhouses and condos than detached single-family homes.

Of the more than 15,500 residential properties that are found in this city, only 19 percent are classified as single-family homes. Around 6 percent are classified as townhouses and condos, and more than 74 percent are categorized as apartments. It stands to reason, then, that apartments are by far the easiest residential properties to find because they are so widespread. However, even if you need a condo or something less common, Boston City Properties can help by referring you to a local agent whose insider knowledge will come very much in handy.

As is the case in most communities, the vast majority of single-family homes in this city are put up for sale rather than for rent. However, there are exceptions, and our team can help you to identify them. Apartments are generally rented, but some are put up for sale from time to time. Condos and townhouses can go either way, but they tend to be offered for sale more often than for rent. Regardless of the type of property that you need and whether you’d like to rent or buy, we have you covered.

Homes for Sale

As noted previously, more properties in this city are offered for rent than for sale. However, if you are looking to buy property here, your best bet is to connect with Boston City Properties. Our powerful search tool makes it easy to zero in on suitable options. You can limit your search to this city, and you can adjust filters for various attributes to get the most relevant and useful results. Read on to find out what to expect when it comes to properties for sale in this city.

Lately, properties in this city have been listing on the market for an average of $480,000, which is much higher than the state’s median list price of $419,000. Likewise, the median sale price for properties in this city, $445,000, is much higher than the state’s, which is $356,000. Properties here tend to be costlier because of their proximity to the city of Boston and because of their overall scarcity. Single-family properties here offer around 1,900 square feet of space on average while condos and townhouses offer around 1,150 square feet. The vast majority of residential properties—66 percent—were built in 1939 or earlier; only 3 percent have been built since the year 2000.

On a typical day lately, there are usually around 25 properties listed for sale in this bustling city. The low number reflects the lack of overall inventory and is not unusual. With properties lingering on the market here for an average of 71 days, most signs point to more of a buyer’s market than a seller’s market. You should be able to negotiate your way to a pretty good deal—and that’s especially true if you have a skilled local agent by your side.

If you are going to buy a place here and plan to stay put for a while, you won’t be as concerned about appreciation rates and the like. If you’re going to move within a handful of years, however, or if you are buying a property for investment purposes, you’ll want to make sure that your investment will grow in value fairly quickly. Around 6.6 percent of residential properties here are vacant, but many of these are likely apartments. Approximately 7.7 percent of properties have negative equity, which is a bit concerning; however, it’s still lower than the national rate of 10.7 percent. Over the last year or so, properties here have appreciated at a rate of around 12.8 percent, which is phenomenal. However, that rate is expected to plunge to 4.8 percent over the next 12 months.

You may look at properties in this city and realize that you just don’t want to live in the area. If so, no worries—there are lots of great options in neighboring communities too. In Cambridge, for example, homes have been selling for around $669,000; in Chelsea, meanwhile, they’re selling for only around $299,000.

Condos and Townhouses

Around 6 percent of residential properties in Everett, MA, are classified as townhomes and condos. This means that the market has around 930 such units in total, so there are usually plenty of them up for sale at any given time. Some of these are offered for rent too, but they tend to be harder to come by. If you want to rent a condo or townhouse in this city, we can refer you to an agent who can help make that happen.

In many local property markets, condos and townhomes vary widely in price versus single-family homes. That’s not really the case in this city, however, as both property types tend to sell for around the same amount. Single-family homes, for example, have been selling for around $353,000; townhouses, meanwhile, have been selling for around $363,000. Of course, these prices vary within individual categories based on factors like location, age and condition of the building, layout, size and more.

Whether you want to buy or rent a townhouse or condo, you can count on Boston City Properties for exceptional support and assistance. Part of this is getting a referral to a skilled local agent; that way, they can help you to zero in on properties that suit your needs more quickly. Your agent will be familiar with the most popular condo buildings and townhouse developments, and their insights are sure to make a huge difference.

You can search Boston City Properties’ listings to check current availability for condos and townhouses for sale and for rent in this bustling city. It works the same way as it does for single-family properties. First, select this city from the list of locations; select more than one city, town or Boston neighborhood to perform a broader search. Adjust filters for total size, price and other attributes to get the most relevant and useful results. Click through listings in your results to zero in on options that suit your budget and other requirements.

Apartments

More than 74 percent of residential properties in this city are classified as apartments. With more than 15,500 residential properties around the city, this means that there are roughly 11,500 apartment homes within its boundaries. Even so, many of these are currently occupied and not available. Even among those that are available, only some of them will meet your budgetary and lifestyle requirements. Therefore, it is wise to sign up to search Boston City Properties’ listings to get the ball rolling.

Some things to keep in mind about apartment hunting in this city include the following:

Finding apartments for rent in this vibrant city is easy with our powerful search tool. Gain access to our listings by signing up using the easy form. From there, navigate to the search tool and select this city from the list. Adjust filters for things like price, size and total number of beds and baths to get the most relevant results. In no time, you can check current availability for apartments for rent in this city and be on your way to finding your new home.

How Boston City Properties Can Help

No good can come from rushing the process of finding a home to rent or buy in this busy Middlesex County city. If you do that, you’ll probably end up with something that doesn’t really suit your needs. Instead, sign up with Boston City Properties to search smarter—not harder. From the comfort of home, you can search our listings to quickly find promising options to explore. There’s no better way to launch a search for real estate in this city.

If you’re ready to find a house, townhouse, condo or apartment to purchase or rent in Everett, MA, Boston City Properties has you covered. Sign up using the easy form on this page for instant, free access to our searchable listings. Use our search tool to identify properties that meet your needs, and check out listings with lots of photos to get a clear picture of what to expect. Later, contact us for a referral to a local agent who can take you to look at properties and more. For more information, contact Boston City Properties today.

Everett Condo Developments

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