If you’re looking to buy a home in Revere MA, you’ll be glad to see that pricing is relatively affordable in this Boston suburb compared to most. You’ll also be glad to see that it’s a very active market, and the inventory of homes for sale in Revere is an even mix between single family, condos, and multi-family. Last year there were 519 residential real estate sales in Revere, out of which 176 were condos, 195 were single family homes, and 148 were multi family homes according to MLS data.

Median Prices for Condos in Revere
The median sale price for condos in Revere is $416K over the past 12 months. That is the 7th lowest median condo price out of the 50 neighborhoods closest to Boston. The average price per square foot in Revere is $372, the sixth lowest level in Metro Boston.

The apartment rental market in Mission Hill has entered 2022 in a very strong position after 20 months of COVID-induced supply upheaval. Mission Hill was among only five neighborhoods in Boston where the real-time availability rate (RTAR) rose above 20% in 2021. Since then, the RTAR for Mission Hill apartments began 2022 at a historic low of 4.1% and average rent prices have already surpassed their all-time highs set before the pandemic.
Mission Hill Apartment Supply Trends

Historically, Mission Hill’s rental market has been characterized by high demand coupled with high turnover. Being one of the more reasonably priced rental markets close to local Universities, it is a favorite neighborhood for students seeking affordable off-campus housing. Therefore, it’s not uncommon for apartment availability to peak above 12% during a normal year.

New England’s largest rental database now features both current and historical market data for all neighborhoods in Metro Boston

BOSTON, MA, US, February 23, 2022 /EINPresswire.com/ — Tracking rental market trends in Boston just got easier. Boston Pads has recently launched 32 free public-facing apartment data pages on their website. These reports provide both current and historical insights into important rental market metrics like vacancy rates, availability rates, and average rent prices for all of Boston’s core neighborhoods.

Boston Pads has already established itself as the authoritative source for Boston apartment data and analysis. By maintaining close relationships with over 16,800 Boston area landlords, they are able to more accurately track rental market supply metrics and rent prices. Their database is constantly updated by New England’s largest team of leasing agents, ensuring that apartment data is up-to-date and reliable.

The real estate market in Everett MA is far from the most active in Metro Boston by any stretch of the imagination. Everett has recorded only 247 residential real estate sales in the last 365 days according to MLS, which is second lowest out of the 21 suburbs closest to Boston. Regardless of the low volume of sales, Everett does offer buyers something unique that is hard to find elsewhere in the Boston area, and that’s affordability.

Everett Real Estate Prices By Property Type
Everett’s median condo sale price of $406,896 is significantly lower than Boston’s median condo price ($698,313), and well below the average for all metro suburbs ($599K). The data suggests that condo and multi family sales are the norm in Everett. Out of the 247 property sales from the past year, 141 of those were for multi family homes in Everett and the remaining 106 for condos. Single family did not record a single sale in the past 365 days in Everett.

Based on the most recent MLS data, Medford real estate may be one of the best opportunities for property investors in the Boston area. Both rental and sales demand have increased in Medford over the past 5 years as housing costs have soared all over the metro area. Given its close proximity to Boston and easy access to Downtown, it has been one of the suburbs that thrived throughout the pandemic.

Now average rent prices for apartments in Medford are on the rise as are real estate prices, but it remains among the more affordable real estate markets in metro Boston. In some cases, it’s even more expensive monthly to rent an apartment in Medford than it is to buy a home. Medford’s median single family home price ($756K) and the median condo price ($620K) are still below Boston’s median ($784K and $698K respectively) , and have been rapidly increasing in recent years.

One of the biggest challenges real estate agents face when building a digital marketing strategy is content. The word itself is vague and obtuse, and unless you speak digital you might not even know what it means. When I speak with agents about their digital content strategy, it’s not always clear and well defined.

Most agents have no issues setting up the web properties needed to house the content (websites, social media pages, etc.). But once their digital real estate is built, it often sits empty with no content to offer.

In many cases, it’s not because the agent is lazy, they just don’t know what to post. So if you’re an agent who wants to take control of their marketing but you’re short on ideas, this article is for you. Here are 7 content marketing strategies that will work for real estate agents in 2022.

Boston’s condo market has exploded over the past decade as dozens of new large multi-unit developments have been built. This has added thousands of new townhomes and luxury condos to Greater Boston’s housing inventory. Combine that with the shortage of single family homes in Boston, what you have is a market that is dominated by condo sales.

In fact, in 2021 Boston condos recorded 5,890 condo sales in the city alone. That is over 5 times the number of single family home sales (1,110) and 7.5 times the number of multi family sales (764) in Boston during the same period. In a market like this, many property investors are eyeing condos for potential long-term property assets.

Boston’s real estate market for multifamily has exploded over the past decade. Rising rents, increasing enrollment at Universities, and a short supply of properties has sent prices for Boston real estate through the roof. The 1 year multi-family median for the city of Boston is currently $1.02M. That’s enough to make you shake your head if you’re an investor looking to break into Boston’s competitive multi-family market.

Based on this median sales price, we can get a picture of what kind of cap rate Boston is providing investors at these prices. We can project what kind of yearly revenue a multi-family property would yield by multiplying the average rent price in Boston by twelve. We can then divide that into the median price of multi family homes for sale in Boston to get a rough estimate of average cap rates.

The average rent price for Boston apartments is $2,552. That would mean a 2 family property would yield an estimated $5,104/month or $61,248 per year in rental revenue. Divide that into Boston’s median multi-family price of $1.02M, you get a projected cap rate of 5.98% for multi-families in Boston. So despite the sky high multifamily prices, the estimated cap rate is still above the 5% threshold of what investors would consider good.

The real estate market in Dallas, TX took a big leap in 2021, as median home prices jumped +13.55% over the past year. The median sale price for the Dallas metro is now $401,330 after hovering between $337K and $350K for the previous 3 years.

Both the current median home price and the total volume of sales in 2021 set new records for the Dallas-Fort Worth metro area. Some are predicting the Dallas housing market to cool in 2022 due to higher prices and rising interest rates. However, based on the most recent housing data and migration trends, it looks like there still is room for growth in Dallas.

Here’s a few reasons why Dallas might have another record year in 2022.

The real estate market in Somerville has thrived in recent years. As housing costs have soared in many neighborhoods around Boston, Somerville’s single family median sales price has ascended from under $700K 3 years ago to almost $1M today. Between increasing enrollment at nearby Universities and the wealth of VC funding pouring into Boston and Cambridge, demand for property in Somerville is at an all-time high.

As a result, the median sale price for single family homes in Somerville is $993K over the past 365 days, more than $225K over Boston’s single family median sales price. The median condo sold for $823K during that same time span, which is the 4th highest median condo price out of all Boston suburbs.

Somerville’s seemingly endless rental demand and rising rent prices make it an attractive market for real estate investors. However, with prices so high for Somerville real estate, a newer investor may look elsewhere for a better cap rate. We can get a rough estimate of what the projected net operating income (NOI) would be for a Somerville investment property based on these median sales prices.