It’s that time of year again: temperatures rise slowly but surely, you start opening your windows to let in a cool draft, your scarves return to the back of the closet, and there’s just
Revere Real Estate Update!
The City of Revere is situated in eastern Massachusetts (Suffolk County) and borders Winthrop, East Boston and Chelsea to the south, Everett and Malden to the west, Saugus and Lynn to the north and the Atlantic Ocean to the east. It comprises 10.0 square miles. Of the 5.9 miles of developed land, 70% is used for housing. Revere is located approximately 5 miles from downtown Boston. Revere’s first inhabitants were Native Americans who belonged to the Pawtucket Tribe and were known as the Rumney Marsh Indians. Today, with a population of 53,179 people, Revere is a densely populated residential community with little industry. The MBTA Blue Line continues to serve the community as a link to Boston.
In September and October of 2018, home sales stayed about the same as those sold in 2017: 45 homes sold in 2018 compared to 44 homes sold in 2017. The days on market for a home decreased in 2018: the average was 44 days in 2017 and 26 days in 2018. There was a substantial increase in prices in 2018 - the average home sold for $426,132 up from $369,606 in 2017.
The condo market in Revere increased to 32 condos sold during September and October 2018 compared to 28 sold in the same time period in 2017. The days a condo stayed on the market decreased from an average of 40 days in 2017 to 26 days in 2018. There was a substantial increase in the average price of a condo from $304,490 in 2017 to $372,444 in 2018.
Looking to buy or sell your home? Contact EXIT Realty All Stars in Braintree!
Jose E Perez is the broker and owner of EXIT Realty All Stars located in Braintree, and Brockton MA, helping both buyers and sellers with all of their real estate needs. He previously worked for Centu....