Tewksbury Condos

Tewksbury, located in Middlesex County, is 19 miles north-northwest of Boston. The city includes these neighborhoods:

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Burtts Crossing

Most housing units are owner-occupied, have a vacancy rate of 1.0-percent, and were built between 1940 and 1999.
Median real estate price -- $464,523 -- higher than 63.5-percent of Massachusetts neighborhoods and 83.9-percent of neighborhoods nationwide.
Mostly three or more bedroom single-family homes.
Average rental price -- $2,571 -- lower than 12.2-percent of Massachusetts neighborhoods.
Mostly three or more bedroom townhomes.
Commute time 15 to 30 minutes.
Burtts Crossing has more owner-occupied homes than 98.7-percent neighborhoods nationwide and only a 1-percent vacancy rate, so real estate demand is high here which could mean a need for new construction or a chance for higher prices.

North Side and Wamesit

Most housing units are owner-occupied, have a vacancy rate of 1.1-percent, and were built between 1940 and 1999.
Median real estate price -- $444,666 -- higher than 58.9-percent of Massachusetts neighborhoods and 82.6-percent of neighborhoods nationwide.
Mostly three or more bedroom single-family homes.
Average rental price -- $2,192 -- lower than 20.7-percent of Massachusetts neighborhoods.
Mostly three or more bedroom townhomes.
Commute time 15 to 30 minutes.

South Street and Salem Road

Most housing units are owner-occupied, have a vacancy rate of 3.0-percent, and were built between 1940 and 1999.
Median real estate price -- $431,031 -- higher than 55.9-percent of Massachusetts neighborhoods and 81.6-percent of neighborhoods nationwide.
Mostly three or more bedroom single-family homes.
Average rental price -- $2,079 -- lower than 29.3-percent of Massachusetts neighborhoods.
Mostly three or more bedroom townhomes.
Commute time 15 to 30 minutes.

Town Center

Most housing units are owner-occupied, have a vacancy rate of 5.3-percent, and were built between 1940 and 1999.
Median real estate price -- $423,606 -- higher than 54.3-percent of Massachusetts neighborhoods and 80.9-percent of neighborhoods nationwide.
Mostly three or more bedroom single-family homes.
Average rental price -- $2,661 -- lower than 10.4-percent of Massachusetts neighborhoods.
Mostly studio to two-bedroom small apartment complexes and high-rise apartments.
Commute time 15 to 30 minutes

Silver Lake

Most housing units are owner-occupied, have a vacancy rate of 1.4-percent, and were built between 1940 and 1999.
Median real estate price -- $376,664 -- higher than 44.4-percent of Massachusetts neighborhoods and 77.0-percent of neighborhoods nationwide.
Mostly three or more bedroom single-family homes.
Average rental price -- $2,012 -- lower than 33.8-percent of Massachusetts neighborhoods.
Mostly three or more bedroom townhomes.
Commute time 15 to 30 minutes.

Livingston Street and East Street

Most housing units are owner-occupied, have a vacancy rate of 3.7-percent, and were built between 1940 and 1999.
Median real estate price -- $343,307 -- higher than 37.6-percent of Massachusetts neighborhoods and 73.7-percent of neighborhoods nationwide.
Mostly three- to four-bedroom single-family homes.
Average rental price -- $752 -- lower than 99.1-percent of Massachusetts neighborhoods.
Mostly studio to two-bedroom apartment complexes and high-rise apartments.
Commute time 30 to 45 minutes.

There are 11,366 housing units available in the city overall of which owner-occupied units account for 84.3-percent. The median home value of $423,606 includes an appreciation rate of 55.5-percent since 2000, which accounts for an average rise in property values of 2.48-percent per year. Homes built between 1970 and 1999 comprise the biggest share of available housing units. Pre-1939 housing units account for 7.4-percent; housing units built between 1940 and 1969 account for 33.0-percent; housing units built between 1970 and 1999 account for 48.2-percent; and housing units built since 2000 account for 11.4-percent. Single family housing accounts for 71.5-percent of the housing units; townhomes account for 11.2-percent of the housing units; small apartment buildings account for 4.3-percent of the housing units; apartment complexes account for 11.6-percent of the housing units; and mobile homes account for 1.4-percent of the housing units. The monthly median rent is $2,292.

This city is home to 30,906 people, who work in a mixture of blue-collar and white-collar jobs with more of the workforce working in the areas of mathematics and computers than 95-percent of the cities nationwide. Those residents with a bachelor's degree or higher comprise 33.03-percent of the population. Residents commute an average of 31 minutes to work. Residents can use the Lowell Regional Transit Authority to travel to Lowell and Wilmington. In Wilmington, they can use the MBTA Commuter Rail System. Overall the per capita income was $40,524 according to the 2010 census, and $92,897 was the median household income.

Overall, this city has a high owner-occupied rate and a low vacancy rate, so the market for condos to buy or rent is going to be highly competitive. Our agents will know quickly when one is put on the market in this city because of our large database. Our agents can do a market analysis of the property for you depending on whether you want it for a residence or an investment. Our agents can advise you on trends in the market, any local building restrictions, and potential development. They can inform you of properties in nearby areas where the market is less competitive. If you want the property for investment, they can advise you whether the property would give you the best return on your investment and what the occupancy rate could be. To try to prevent you from entering a bidding war or paying too much, our agents can help you make an offer and negotiate with the seller. Our goal as your buyer representative is to ensure that your purchase sets the groundwork for a successful future.

If you have property you are considering selling, one of our agents can analyze the market and market trends to see if it is a good time to sell. Our agent can compare the offers made for your property and recommend what offers to consider based on the offer and the potential buyer's ability to close quickly. If the sale of another property is necessary before a buyer can close on the property, you may want to select another offer. Letting one of our agents represent you as a seller's agent, provides you with the assistance you need to make a quick, successful sale.

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