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If you’re interested in investing in a condo or apartment (or any other property type) in the Boston real estate market 2020, click the button below: The prestigious PwC Emerging Trends in Real Estate: United States and Canada 2020 publication ranks Boston as #5 among all US housing markets for overall real estate prospects in 2020. Things are generally looking good for investors interested in B-town rental properties. At the same time, median prices were both up … MetrowestAshland, Dover, Framingham, Holliston, Hopkinton, Medfield, Medway, Millis, Natick, Needham, Sherborn, and Wellesley. For condos, it … In general, buying cheap real estate is one of the ways to maximize your rate of return on rental properties right away. “It remains a seller-driven market, with many listings drawing multiple offers,” Gell said. These two property types are good for beginner investors as they tend to sell for less and are relatively easy to manage as rental properties. The number of single-family homes that sold was up 7.4 percent, while the number of condos that changed hands rose 6.9 percent. Home Prices Fell During COVID-19 in These Cities, Airbnb Occupancy Rate Up 13% as Market Recovers. Contact: (888) 468-4735. Even qualifying for a mortgage is easier for investors than for homebuyers as they can guarantee the loan with the expected rental income. While both traditional and Airbnb rentals are an option in Boston, long term rentals are the only ones which can be used as independent, full-time investment properties. ¹Based on Quicken Loans data in comparison to public data records. Single-family homes spent an average of 34 days on the market. Zillow has 17,771 homes for sale in Massachusetts. This is good news for new real estate investors as well as other investors on a tight budget. Daniela is Marketing Director at Mashvisor. According to July’s Barnstable County report of real estate activity, the volume of real estate sales in July 2020 was up 42.6% from July 2019, pushing the median price of property to $455,000. It is a guarantee for a high Airbnb occupancy rate, which in turn is a prerequisite for good return on investment in terms of both Airbnb cap rate and Airbnb cash on cash return. For condos it was $592,750, a 2.2 percent increase. A low vacancy rate is a must-have for profitable real estate investments as it determines the traditional rental income as well as the cap rate and the cash on cash return. Areas like Roxbury, Mission Hill, and Dorchester … Real Estate Trend #1: Home Prices Are Still Rising Slowly. Moreover, the listing prices of houses for sale in Boston, MA increase at reasonable rates which is another sign that Boston 2020 is not a seller’s market. This forced the City of Boston to vote for new Airbnb laws in 2018. The Warren Group offers a community-by-community breakdown. For condos, it was 46. Thus, strong demand for traditional rentals is one of the most important Bosotn real estate market trends for 2020. The combination of these two factors has propelled the real estate market to new heights in the midst of a recession. Real estate listing agents are highly focused on “making sure they price these home appropriately so they don’t sit on the market … Condo prices jumped 22.7 percent, from $381,500 in June 2019 to $468,000 in June 2020. This makes foreclosures excellent investment properties. ... Zillow, Inc. has a real estate brokerage license in multiple states. The calculations are based on predictive analytics as well as real estate comps and traditional and Airbnb rental comps from the Boston housing market. B-town has a young population, and millennials are more likely to rent a property rather than buy a home than any other age groups in the US right now. It means that even if one industry starts going down, the labor force will be able to relocate relatively easily to another sector and will not resort to such measures as delaying paying rent or stopping altogether. Condo prices increased 14.5 percent, from $299,000 in July 2019 to $342,500 in July 2020. Follow us on Facebook and Twitter @globehomes. From the perspective of Boston, MA real estate investors, this means that there are about 466,000 potential tenants, and this number is expected to increase in 2020. ben: newscenter 5’s erika tarantal shows us why homes there are just flying off the market. Zillow Market Pulse: December 4, 2020. “Year-to-date, there have been 29,439 single-family home sales — a 9.9 percent decrease from the first seven months of 2019.”, The median sales price for these properties ($460,000) was a record high for the month of July and reflects an 8.2 percent year-over-year increase. These communities saw a 6.6 percent increase in the median single-family selling price, from $600,000 in July 2020 to $639,550 in July 2020. investing in the Boston real estate market. The trust which such an authority in the real estate industry puts on Boston should be a strong indicator for residential rental property investors. In 2018 alone Boston Airbnb hosts earned a total income of $101.9 million. Investor demand in Boston is expected to be strong, the 2nd nationwide after the Austin real estate market. Since the beginning of 2000, real estate appreciation in the Boston housing market has been 137%, exceeding both the Massachusetts and the national averages. With the threat of recession dissipating, the U.S. housing market should be stable in 2020 - but there are a few clouds overhead for the real estate sector. “People are still coming out in droves wanting to see properties, and some of … A list of our real estate licenses is available here. Keep reading to figure out. The other was Middlesex County. Setting, Housing Stock, Homeownership: 2018 (latest available). In fact, National Association of Realtors (NAR) Chief Economist Lawrence Yun calls the coronavirus’s impact on the real estate market a “temporary softening”—believing a “strong rebound” will … The number of active single-family listings climbed 18 percent, while the number of condos on the market jumped 29 percent. Many were also uncertain about their jobs, as well as the economy, and weren’t actively looking for homes. This means that the Boston rental market is good for buying an investment property to rent out traditionally. What Kind of Airbnb Occupancy Rate Can You Expect? Use analytics to find lucrative traditional or Airbnb properties in a matter of minutes. April numbers aren't out yet. The economy was humming along. Thus, you should choose an area where you’d feel comfortable living as well as a location which yields high return on investment. a real estate boom on the cape. . Meanwhile, a Boston housing market bubble is not in the horizon for 2020 or the next few years. Meanwhile, prices for both continued their ascent. Previously, she worked in economic policy research and fundraising. In order to compete, many buyers are having to pay top dollar.”. TREC: Information about brokerage services, Consumer protection notice … All in all, the Boston real estate market trends for 2020 are all positive. All necessary factors are present to make the Boston real estate market trends 2020 positive. Sellers should ask their realtor to create a spreadsheet to compare offers more easily. Only owner-occupied primary residences can be rented out for 28 days or less as limited share or home share units. Having a diverse economy is an important factor in real estate investing. ... 2020. The number of single-family homes that sold was down 15.2 percent, while the number of condos that changed hands was up 19 percent. 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