Malden Condos

Located in Middlesex County, Malden is a city with about 60,100 residents. It is a picturesque place with a town center organized into several squares with retailers, shops, and green areas. The major roadways serving the area include Route 60, Route 99, Route 28, and US Route 1. Other prominent roadways just beyond the city's borders are I-93 and Route 16. Public transportation is available through the town's subway system, called the Orange Line, that offers direct service into Boston. Local bus service is provided by the MBTA, and a train connects the town to Boston's old city center. Its proximity to Boston and public transportation to the city makes Malden's residential real estate enticing to both prospective buyers and sellers. In 2018, the market is considered to be “very hot,” and the median value of homes in town is $427,400. Median home values have risen by over 10.5% between 2017 and 2018, and they are forecast to rise another 4.4% by 2019. The market is currently financially healthy, with an overall health score of 6.7 out of 10. Foreclosure rates here are lower than they are nationwide. Fewer homeowners in this town are delinquent on mortgage payments, as evidenced by the fact that only 1.4% of homeowners are behind on mortgage payments as compared to the 1.6% of homeowners who are behind on mortgage payments nationwide. Home equity rates are lower here, too. About 8.4% of homes in this town have negative equity, which is below the 10.4% average nationwide.

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As of 2018, the average sale price for a place in this town is about $320,650. Homes of all sizes spend an average time of 62 days on the market before closing. The majority of homes in this town are priced between $200,000 and $400,000. Unlike surrounding towns, there is virtually no deviation in pricing among homes. Very few homes are priced under $200,000 or over $600,000. There are differences between list and sale prices too, and there are also variations between prices of new listings and their final sale price. In 2017, places with a list price of $200,000 or less were on the market for an average of 62 days. Homes priced the highest ($400,000 to $600,000) had an average time of 56 days on the market. Homes listed for sale between $200,000 and $400,000 had the longest average time on the market. In 2017, homes in this price range stayed on the market for about 63 days before selling.

If you are considering buying a property in this town, our staff is ready to help you find the home of your dreams. Just tell us what you're looking for, and we'll help you find just the right property. From single-family homes to multi-family units and commercial spaces, we help people find the property that's just right for them in all markets. Along with helping you plan financially for buying a home, which includes setting a budget and determining what loans and mortgages you are eligible for, our staff has an intimate knowledge of the Greater Boston area, which is advantageous for determining what neighborhood you want to live in and what access you'll have to lifestyle amenities like parks, schools, and public transportation.

If you're on the seller's side of the market, we can assist with a home sale, too. Just like buying a home, there are certain considerations and factors to keep in mind as you plan to sell your house. This includes advertising your home in the right places, which often includes a combination of online and paper sources. You'll also need to market your property in an enticing way, which attracts buyers to see your property. We can also work with you to close out a sale of your current home as you navigate the transition between selling a current property and getting a new home. Whether you're buying or selling, the market in the Greater Boston area is full of potential, and we are looking forward to working with you to get the best possible outcome. From determining a good closing date to learning how to carefully and properly review a buyer's offer, including contingencies, we are on hand to walk you through the home sale process.

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