Saturday, March 22, 2014

ZipRealty Names the 5 Most Popular Boston Neighborhoods

  
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:

 Stacey Corso
510.735.2667

scorso@ziprealty.com



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