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Georgetown, MA Real Estate

For timely, accurate information about real estate offerings in Georgetown, MA, look no further than Boston City Properties. Whether you are looking to rent an apartment or other type of property or need to buy a house, townhome or condo in this charming little town, you can count on us for reliable, up-to-the-second information regarding current availability. When you sign up using the simple form, we’ll give you immediate, free, unlimited access to our vast online database of searchable Massachusetts residential property listings—and that’s just the tip of the iceberg when it comes to the help that we provide.

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One of the trickiest things about finding a home to buy or rent anywhere in the Bay State is gaining access to trustworthy and timely information. Property markets across the state have been on fire for some time; if you think that it’s only difficult to buy or rent in the big city, think again. Even in a small town like this, securing precisely what you need can be a real challenge. Luckily, Boston City Properties useful resources that let you hit the ground running on your search.

After using our convenient search tool to come up with a list of properties that meet your needs in terms of price, size, location and other attributes, browse our website for useful articles and interactive tools that provide crucial insights into buying, renting or investing in property around the state. When the time comes, contact us for a referral to a local agent who specializes in the type of property that you’re looking for. With their help, you will be closing on a home or signing a lease before you know it.

Town Overview

With a population of just under 8,200 people at the time of the 2010 U.S. Census, this Essex County town is on the smaller side and therefore doesn’t have the busiest property market around. Located roughly 28 miles north of the city of Boston and covered primarily by the 01833 zip code, the town is still large enough to have plenty to offer to buyers and renters alike. It helps enormously to have someone by your side who knows the local property market well, and we can refer you to a local agent whose assistance in this regard is sure to make a huge difference.

Even if you assess the offerings on the market and determine that you can afford to buy a home here, make sure that you can also tolerate the local cost of living, which is a bit high. The average cost of living in the U.S. is reflected by a score of 100 on the index. In the state of Massachusetts, the average cost of living is 137.7. It is higher still in this town, where the average COL is 144.3. If you are priced out of the local market, this town is bordered by communities like Groveland, Rowley, Boxford and Newbury; you may find options that more comfortably suit your budget in those areas.

Market Overview

Because this is such a small town, it’s natural to assume that its market is easy to manage. However, it’s the very size of this community that poses such problems for buyers and renters. There simply aren’t that many options at any given time, and people tend to stay put in their houses and apartments for years on end. By understanding the basics of the local property market, you will have an easier time.

Within the borders of this compact town, there are roughly 3,100 residential properties. This is fairly in line with the size of this town’s population, but it also means that finding a place to rent or buy can be tricky. After all, the vast majority of these properties will be claimed at any given time. When you search Boston City Properties’ listings, you can quickly check current availability for the type of property that you need. With any luck, at least a few options will be available.

An important thing to establish early on in your search is whether the local property market tends to have the kind of property that you need. In other words, how difficult or easy will it be to find the house, condo, apartment or townhome that you want? More than 78 percent of the more than 3,000 residential properties in this town are classified as single-family homes, so you will have the easiest time if that’s what you need. Around 17 percent of these properties are apartments, and only 5 percent are categorized as townhouses or condos.

Another thing to determine as soon as possible is whether or not properties generally fit into your budget. You will quickly learn after searching our listings that prices vary widely from one community to the next. In this town, however, homes tend to sell for around the average price for the state, so affordability shouldn’t be as much of a concern. While homes fall into many price ranges, the majority of them, 29 percent, cost between $361,000 and $481,000. If that’s roughly your budgeted price range, you are in luck and should have plenty of affordable options.

Single-Family Homes

Given that more than two-thirds of all properties in this town are single-family homes, which means that there are thousands of such properties to choose from, you are in good shape if that’s what you need. Even so, it is always possible that this town’s inventory of single-family homes doesn’t currently include anything that suits your needs well enough. Boston City Properties has compiled useful information regarding single-family homes in this town, so read on to get up to speed.

Let’s start by considering how much homes are valued at and selling for on the local market. Lately, homes have been listing on the local market for an average of $370,000. The median list price for the state is higher at $419,000, so homes here may be a little cheaper than average. Homes have been selling for around $350,000 while homes across the state sell for a median price of $356,000. While properties in this town sell for an average of $184 per square foot, they sell for an average of $242 per square foot across Massachusetts. Generally speaking, then, homes here tend to be less expensive than is typical across the state.

Chances are that you have preferences regarding the type and style of home that you’d like to buy. Oftentimes, this means looking at homes that are newer or older in age. If you want something with more character, for example, an older home may be the ticket. If you want everything as new and shiny as possible, a newer home is probably up your alley. Nearly 40 percent of residential properties here were built between 1970 and 1999, and nearly 20 percent were built in the year 2000 or later, so there are options for everyone. Single-family homes here offer an average of 1,500 square feet while condos and townhomes offer around 900 square feet of space.

Another way to gauge how easy or difficult it will be to find something suitable is by considering how many properties tend to be on the market at any given time—and how long they tend to sit there. Given how small this town is, of course, it stands to reason that there aren’t likely to be too many properties on the market most of the time. Indeed, there has been an average of just 12 homes for sale lately. They have been sitting on the market for an average of 102 days, which is excessive. It also strongly suggests that the ball is firmly in your court as a buyer as sellers may be antsy to move properties and therefore more willing to offer perks.

Is it even a good idea to buy property in this town right now? Based on current information regarding the state of the local market, Georgetown, MA, real estate is a safe bet these days. Only around 3.6 percent of properties are vacant, which is promising. While 10.7 percent of homes across the country have negative equity, only around 4.5 percent of them do here. Over the last 12 months, residential property has appreciated at a rate of 8.2 percent; the rate will dip to 3.5 percent, which is still strong, over the next year.

What if no homes that suit your criteria are available when you search Boston City Properties’ listings? The agent to whom we refer you may have some leads, which is another reason to get a referral when you’re ready. It may also be that the perfect home is in a nearby community, so it’s always worth looking. For example, homes are selling for around $269,000 in nearby Haverhill while homes in neighboring Boxford have been selling for closer to $600,000.

Condos and Townhouses

Only around 5 percent of residential properties in this Essex County town are classified as townhouses or condos. This means that altogether only around 150 properties like these exist within its borders. Given that most of them will be occupied when you search, you can see why securing such a property can be such a tall order. Give yourself the best odds of success by connecting with Boston City Properties.

This town isn’t known for its huge inventory of multifamily properties. Unlike in more populated places like many communities in metro Boston, you won’t find huge, modern buildings filled with luxury condos and townhouses. Instead, such properties are typically found in older, smaller buildings and developments; some are even found in converted old homes. On average, they offer around 850 to 900 square feet of space, which isn’t terribly spacious for a suburban market.

If you want to save money by purchasing a condo or townhome rather than a detached home, you can probably do so in this town. Of course, that’s only true if you are actually able to secure such a property, which is very much up in the air. While single-family homes were listing for around $495,000 over the last year or so, condos and townhomes were listing for closer to $381,000. Finding a condo or townhome to buy is hard enough; if you want to rent one, the going will be tougher still. You will definitely want a referral to a local agent from Boston City Properties.

You can just as easily search our listings for townhomes and condos for sale and for rent as you can other property types. First, select this town from the list of locations. Note that you may select multiple communities or Boston neighborhoods if you’d prefer. You can also adjust filters for things like size and price to get more relevant and useful results. If any townhouses or condos that meet your criteria are currently available in this town, they should appear in our listings. However, if you strike out, a local agent may be able to help.

Apartments

In densely populated places like most communities in metro Boston, apartments are widely available. There are far fewer renters in this town, and that is reflected by the relative dearth of apartments. All told, only around 17 percent of residential properties here are classified as apartments, so there are around 500 total. Most of them will be occupied when you search, so you may find that you have limited options at your disposal. Again, the help of a skilled local agent is certain to make a huge difference.

Some additional factors to keep in mind regarding apartments and rentals in this town include the following:

As for finding apartments to rent in this charming little town, the best strategy is signing up to search Boston City Properties’ listings. Once you’ve gained access, you can navigate to the search feature to begin. Select this town to limit the search there, or select additional communities to perform a broader search. As with searching for homes, condos and townhouses, you can adjust filters for attributes like price range and total number of bedrooms and bathrooms to get more relevant and useful results.

How Boston City Properties Can Help

As eager as you probably are to find a new home in this lovely Essex County town, rushing is the last thing that you should do. While you need to act quickly when properties appear, you also need to arm yourself with useful information that lets you make the most informed decision possible. With Boston City Properties, you get that and a lot more.

Don’t sell yourself short when searching for real estate for sale or for rent in Georgetown, MA. Whether you’d like to buy a single-family home in a newer subdivision or need to rent an apartment or other type of property, our team is here to help. After searching our listings and coming up with a manageable list, contact us for a referral to a local agent. They can take you to look at homes, assist during negotiations and more. Call Boston City Properties for more information.

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