Topsfield Condos
Topsfield, located in Essex County, is a small town 22 miles north of Boston. It is one of the cities in the area seeing young families interested in relocating here because of its schools, close proximity to Boston, and overall appeal.
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There are 2,330 housing units available in the city overall of which owner-occupied units account for 85.8-percent. The vacancy rate of all housing is 3.9-percent. The median home value of $552,900 includes an appreciation rate of 2.1-percent in the last year. Homes built between 1950 to 1969 comprise the biggest share of available housing units. Single family housing accounts for the largest percentage of housing units followed by housing with three to four connected units. The monthly median rent is $338.
This city is home to 6,524 people of whom 92.76-percent work in 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 56.34-percent of the population. Residents commute an average of 32 minutes to work. They 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 $52,686 according to the 2010 census, and $128,283 was the median household income.
Overall, this city has a high owner-occupied rate and a low vacancy rate with very few condos for sale. The market is going to be highly competitive. Buyers may find prices higher than in other areas and may have to make more concessions to the seller to purchase a property in this city. Our agents will know quickly when one is put on the market in this city because of our large database, and they can show you properties in other areas. They can do a market analysis of the property for you depending on whether you want it for a residence or an investment and compare properties here with properties in other areas. Our agents can advise you on trends in the market, any local building restrictions, and potential development. 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, making too many concessions, 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 you find a property that will be the best investment for you and will satisfy you for years to come.
With the low vacancy rate and a higher demand than available property, this is a seller's market. If you are considering selling your property, one of our agents can advise you on a price that takes the current market into account. Our agent can compare the offers made for your property and recommend what offers to consider based on the offer, the potential buyer's ability to close quickly, and the buyer's willingness to make concessions. If the sale of another property is necessary before a buyer can close on the property, you may want to select another offer because if the buyer fails to close, your second choice among the potential buyers may already have bought another property. 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.
In this seller's market, contact us to buy or list a condo in Topsfield.
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