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Updated almost 6 years ago on . Most recent reply

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Felix Torres
  • Chelsea, MA
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53
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Massachusetts is now the most expensive state for R.E! How?

Felix Torres
  • Chelsea, MA
Posted

I want to know how Massachusetts became the most expensive state to buy real estate.

I also want to know what areas of Massachusetts this included. 


I live in MA and I believe the data is based off anything surrounding Boston within 20 miles. Anything out side that radium is either reasonably priced or cheap because people don't want to move out there.


What other reasons do you believe real estate in Massachusetts is booming? Do you expect a crash considering how little we were effected during the 2008 financial crisis?


Asking for a friend! 

Thank you,

Felix

Most Popular Reply

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Charlie MacPherson
  • China, ME
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Charlie MacPherson
  • China, ME
Replied

@Felix Torres I'll respectfully disagree with @Aidan Mulligan.  Certainly anything in most of Boston is very expensive. Dorchester, Roxbury and Mattapan are all gentrifying - roughly in that order.

Once you start getting outside the RT 128 belt, prices start to drop - and outside RT 495, they drop sharply.

Triple deckers in Jamaica Plain (where I grew up) are routinely selling at $1.8M.  In Plymouth where I live now, you can find them in the mid-high $400s.  Go to the south coast (Fall River / New Bedford) and you'll find them in the High $200s to mid $300s.

The point being that lumping all of MA into that mix just isn't accurate.

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