Not interested in inner city living or unable to pay $700K for a condo? Managing partner Rob Anctil points out an article in Boston Agent Magazine that cites a Warren Group study on the proliferation of condominiums in places other than those well known to younger buyers. Melrose, the tidy suburb to the northwest, has numerous single family residences but few may realize there are increasing numbers of attached dwelling units and the values are rising. The same is true in Plymouth and elsewhere. Communities around Boston with industrial or even semi-rural histories are now seeing conversions as well as new condo development much as Cambridge, Somerville and Arlington did in decades past. The increase in available units and in values for condominiums in interesting communities may suggest them as a home-shopping destination for new buyers. See the article here: http://bostonagentmagazine.com/condo-hotspots-greater-boston/
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