New Hub of Young Professionals

Metro®Boston, Publication Date: June 22, 2011

By Attorney George Warshaw

Mention “young professionals” to a real estate agent and it brings images of areas in or near a city, revitalized or re-energized by a surge of younger, city dwellers buying condos, brownstones and single-family homes.

I asked Rodrigo Serrano ((781) 929-7379, rodrigo@rigorealty.com) a realtor and buyer’s broker with REMAX Leading Edge, where many young professionals are buying in today’s market?

“East Arlington and Melrose were discovered a few years ago. It’s the first place where my clients want to look. It’s a combination of price, lifestyle and proximity to Cambridge and Boston.

“East Arlington has a city feel. Buy a condo, walk to stores and restaurants. Melrose is more the affordable, single-family suburban hotspot. While condo and home prices were declining elsewhere, Melrose and East Arlington resisted. They held their value.

“Condos, for example, in East Arlington, sold at an average of $332,532 in 2009. They held their value last year, and increased slightly to $336,916.

“Single-family homes in Melrose increased at a greater rate. In 2009, homes sold on average for $376,459. Last year it increased 4.4% to $392,731.”

If you’re looking for a new home, it sounds like the place to be! © 2011 George Warshaw. All rights reserved.

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Buying or selling your home? We represent buyers and sellers of homes and condos throughout Massachusetts. Call or email me at (617) 262-7800, george.warshaw@warshawlaw.com.

George Warshaw
Boston   Hingham   MV/Nantucket