Malden MA Townhomes

The historic town of Malden is located in Middlesex County, Massachusetts. It is a beautiful town situated in the northern region of the state and is closer to the Boston metropolitan area. Even though the population of the town is close to 60,000, it is a welcoming place for people from almost all races and cultures living peacefully. Because of its close distance to the Boston metropolis, you are certainly not missing the urban flavor as well as access to world-class educational institutions. Also, for lovers of arts, museums, and libraries, there is more than one option for you to choose from.

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Most of the households in the town make a decent annual household income and there is a less percentage of people who live below the poverty line. You could very well guess the educational nature of the town and decent employment opportunities in and around the city. There are 9 elementary schools,8 middle schools and 2 high schools in the city and if you want to send your children to private schools, the city has you covered on that. The city has a pleasant weather almost round the year and if you are thinking of investing in a property in the area, you could well be making a smarter decision.

As it is closer to the metropolis, the properties in the region are in huge demand with an average of 5 offers per property. The number of properties for sale has decreased by 6.3% just in the last one year showing the huge influx of people willing to live in this part of the state. And asking rates have gone up by almost 26%. So, if you are 100% certain that you are going to live in the town, now may very well be the right time to invest.

The median sale price is in the mid $400k and with six-figure household income and a down payment of at least 20%, you are certainly in a good shape to close on a house in the area. You got options ranging from older homes to the latest ones with modern infrastructure. Most of the homes would have a homeowners association fees included which would take care of your property needs. There are also properties with open concept available in the area which is very well connected by transportation to the neighboring cities.

There are gas heating and centralized air conditioning options available for you with all the bedrooms having wall-to-wall carpets. Most of the properties have your own dedicated parking space, garage as well as covered patios. The annual property taxes in the region are comparatively low when compared to other cities in the state of Massachusetts. Hence, you could very well save quite a bit on your monthly payment that you could potentially put towards principal to pay off the home quicker. If you want to give a contemporary look to the property, you could consider a property with hardwood floor in the kitchen and living area. Also, master bedroom comes with double vanity and a walk-in closet. There is also a dedicated pantry in the kitchen area and if you want the space to be more bright, you could even add pendant lights.

The median list price is in high $400K and the average down payment for most of the owners is only 5%. The average sale per list is about 103.9% and the median sale price per square feet is about $326. A lot of these homes are considered top-selling properties because of a huge influx of people deciding to invest in the area for a lot of positive factors. The city is also well known for its cleaner roads and infrastructure.

If you want to get to the Boston area or fly into or from the Logan International Airport, you are looking at less than 20 minutes commute. This is a great consideration factor while you are deciding to close on housing deals in the area. Even if you are employed in Boston metropolis, you could still commute back and forth and not miss on some great employment opportunities in the area. You could well work in Boston and stay in Malden as most of the people choose it to be that way as the properties in proper Boston are quite expensive. Even if you commute during peak office hours, it should not take you more than 30 minutes depending on how far in the city you are going.

Assuming that you are comfortably placed when it comes to real estate information in the town, the next step would certainly be to look for properties. Even though there are a number of options available for you to choose from, the Boston City Properties is a household name you could bet on. With an excellent track record of highly rated customer service, the team is always there to help you with slightest of your home buying needs. If you want to have complete information like the crime rate, school rating, average commute time among other factors to be listed in just one place, you are certainly considering the best real estate agents in the area.

Even if you have a home that you wish to sell in the area, the Boston City Properties have you covered. They are open 7 days a week and even if you want to set up an appointment online, you could very well do that. Just enter your name, email, phone number and an optional brief message and some professional from the group would contact you in as less as an hour. You are just a phone call away from scheduling a tour and deciding on the property of your dreams.

Malden is a beautiful town located in Middlesex County, Massachusetts. It is situated in the central part of the state and is rated as one of the best places to raise your kids. Some of the neighboring towns include Melrose, Stoneham, Medford, Everett, Revere, and Saugus. There is a lot of diversity in the area with over 37% of the population who are born outside the United States. There are also 9 elementary schools, 8 middle schools and 3 high schools in the region with an amazing student to teacher ratio so that no child is left out as a part of the student fraternity. It is about 20 minutes away from Boston and hence Logan International Airport is your nearest best option for domestic and international travel.

Let’s explore some current trends in the housing market here which would give you a great idea to get started. When you look at the asking prices of homes here in the last one year, there has been a steep increase of about 22.6% while the number of homes available for sale has decreased by 8.7%. When you analyze both of these trends together, you would notice that there is an inverse relationship between supply and demand which is clearly justified by 11 average number of offers per home in the region. The median list price is $532K while the median sale price is $335. The median list price per square feet is about $306 while the median sale price per square feet is $335. With an average sale per the list of 105% and 53 homes being sold here in the past 30 days, the average down payment number stands at 25%.

Since it is close to Boston, the real estate market is quite brutal in here and besides properties, there is also a huge influx of new builders moving into the region. And with new builders coming in, you are likely to see more creative designs to stay competitive and profitable in the market. There are many builders who are competing against each other; while some provide incentives in terms of covering your closing costs and some of them provide substantial incentives towards design upgrades. And you could evaluate both and see which one is more profitable and finalize on one. In some instances, if you have good negotiation skills, you are likely to even get a much better deal.

While builders try to sell their current set of lots, there are always new lots that they would be working and it would not harm if you keep an eye on preselling homes as you could get a much better deal as it would be a new neighborhood. While you could select a particular floor plan in the meanwhile, it would also give you a lot of time to select the perfect lot in preselling homes. Some of the contemporary amenities you could certainly add in your new home are tray ceilings in master bedroom as well as game room area and also check to see if you could get programmable thermostat as a part of the standard package. Wooden balusters seem to be a very popular trend these days when it comes to the staircase and you might want to check if the builder offers that.

You could find many homes in the region which have cathedral ceiling types and if you are a fan of chandeliers, you could install it to give an elegant look whenever someone enters your property. If you are going for a new construction home, backyard patio is something you might not want to miss out on as it gives a different look to your property when looked from the backside. Besides, you could even set up chairs and spend some quality time there with your friends and family. All the bedrooms come with wall to wall carpets and there are also options in some homes where you could convert an office space into a real bedroom; many builders are quite flexible when it comes to adding an attached full bath space to the added room.

There are many steps involved in the entire home buying process and each one of them requires an equal amount of attention and consideration. But one of the most important aspects even before you start looking for properties is to get prequalified so that your realtor would have an idea as to how much you could be approved to show you the houses in that range. While it involves running a credit report for you to check your credit history, if you work with a top real estate company like the Boston City Properties, you could easily find many lenders who could do the job for you. Also, it is important that you have a clear understanding of all the closing costs involved as that is something you would have to pay before the lender's hands over the keys to you. So, anything related to the buying process, Boston City Properties would be your one-stop destination.

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