 |
| Joseph Pucillo |
EMERYVILLE, CA – ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ:
ZIPR), a leading online technology-powered residential real
estate brokerage firm and real estate marketing solutions provider, has released a list of the Five
Most Popular Boston Neighborhoods, based on user data collected on
ZipRealty.com. ZipRealty analyzed the 10 most popular zip codes for saved home
searches and their corresponding median sales prices.
“Boston’s
real estate market was very healthy in 2013, performing well above the rest of
the nation,” said Joseph Pucillo, Vice President of Brokerage Services
for ZipRealty.
The median home sales price for Boston homes
stood at $330,650 in January 2014, a 14% year-over-year increase. That compares
to a median home sales price of $259,914 in the combined metros tracked by
ZipRealty, a 12.5% year-over-year increase.
“Housing inventory remained low in Boston last
year as well, and continues to trend downward. Inventory fell 21% annually to
17,104 homes at the end of January, whereas the combined inventory for the 24
metros surveyed by ZipRealty were only down 7% year-over-year during the same
time period,” added Mr. Pucillo.
“We expect
that demand for Greater Boston
real estate will remain strong this year, spurred by the region’s world-class
education systems and strong job growth in the medical and biomed sectors.
People from all over the world are coming to Boston to study, and many of them
stay here after they graduate,” noted Mr. Pucillo.
The 5 Most Popular
Boston Neighborhoods are:
|
Zip Code
|
Neighborhood
|
Jan. 2014 Median Home Sales Price
|
Jan. 2014 YOY
Sales Price Change |
|
|
|
|
|
|
1) 02127
|
South Boston
|
$639,000
|
99%
|
|
|
|
|
|
|
2) 02124
|
Dorchester Center
|
$288,000
|
3%
|
|
|
|
|
|
|
3) 02116
|
South End, Back Bay
|
$1.135 million
|
(-24%)
|
|
|
|
|
|
|
4) 02122
|
Dorchester
|
$275,000
|
20%
|
|
|
|
|
|
|
5) 02119
|
Roxbury
|
$221,650
|
6%
|
For a complete copy of the company’s news release, please
contact:
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