Harvard Multi-Family Homes

Although rural, Harvard, located 25 miles west-northwest of Boston in Worcester County, is an affluent residential town. It is known for its excellent schools that contribute to the top ten English and math test result placements in the state for its students. It is also known for its apple orchards and riding stables. Contributing to the towns small rural feel is the general store from the 1800s which is located on the green. Even though it is an affluent community, residents participate in small town community activities such as the Apple Blossom Festival; the Fourth of July parade; swimming, sailing, and canoeing on Bare Hill Pond in the summer; and skating and cross country skiing in the same vicinity in the winter. The town is dedicated to preserving its heritage and to preserving its open areas with 2000 acres in land conservation and walking trails available.

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This is a small town with 6,562 residents, 88.92-percent of whom work in white-collar jobs with the fields of computers and mathematics employing more residents than 95-percent of the cities across the country. This city also has a higher rate than 90.0-percent of the cities in the country of residents working as artists, designers, and in visual media and, 14.14-percent of the residents telecommute. The average commute time for the rest of the residents is 32.14 minutes. With 63.3-percent of the adults having a bachelor's degree or better, the per capita income, according to the 2010 census, was $52,180 and $131,719 was the median household income.

Of the housing units, 92.1-percent are owner-occupied with a median home value of $552,400 and a vacancy rate of 5.72-percent. In 2016, the average prices for all housing in this city was $300,803. The average price for various types of housing in this city was $317,073 for single-family homes, $227,097 for townhouses or other attached units, $271,685 for two-unit housing, $201,866 for three- and four-unit housing, $176,265 for five or more unit housing, and $52,298 for mobile homes. In the last five years, real estate values have appreciated 8.08-percent and 3.42-percent in the last year. The price per square foot is $217. The median age for housing in this city is 39 years. The median rent is $2,400 with studio apartments renting for an average of $910, one-bedroom housing units renting for $1,025, two-bedrooms renting for $1,285, three-bedrooms for 1,595, and four-bedrooms for $1,770.

While this community is very inviting and has a low vacancy rate, which is good if you already own investment property here. It is a tight real estate market for those interested in multi-family housing. Pursuing property in this city could mean that you might be be competing with multiple potential buyers for the same property. This could lead to higher prices, bidding wars, and making concessions to the seller. Our agents know the area and can advise you on what properties should give you the best return on your investment and the best occupancy rate. With our large database, our agents can inform you quickly when property in this city is placed on the market, and they can show you properties in nearby areas where the market is not as tight. Our agents can advise you of market trends, potential development, and zoning restrictions in the area. They can help you set your bid for the property you chose and guide you during negotiations with the seller. Hiring one of our agents will help you get the most value for your investment.

Selling your property in this city should provide you with a lot of offers, our agents can help you set a price and create a marketing plan for you. Our large database will provide access to more potential buyers. When you receive offers, our agent will be able to investigate the ability of potential buyers to close quickly. Sometimes, potential buyers have to sell another property before they can close. This can slow down the sale and may even lead them to default on the closing. If you have accepted their offer and waited, you could lose another potential buyer in the mean time. So let one of our agents analyze the offers for your property and help you sell your property quickly at a good price.

In this inviting but small, tight market, contact us to buy or list a multi-family property in Harvard.

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