By Seth Daniel
Mentioned in the same breath as Newton, Concord and Cambridge, Everett was picked by Boston Globe Magazine last week as one of the top real estate markets in all of the region.
The piece ran in the Globe Magazine on April 14 and highlighted 10 Boston-area communities where the home markets are soaring. In addition, the article picked out cities and towns with high home values, though affordable, and with an upbeat vibe.
Others locales in the article included Somerville, Jamaica Plain, Cambridge, Newton, Revere, Brookline, Walpole, Natick and Concord.
“I am so proud that the Boston Globe Magazine named Everett as one of the top spots to live in,” said Mayor Carlo DeMaria. “Our uniqueness and quality of life is unsurpassed and now being recognized for being affordable yet with tremendous growth in value. With our breweries, community trail, and a soon to be completed boutique hotel Everett is a great place to live, work, and play.”
The article stated that since 2010, single-family home prices have jumped by 38 percent. The average single-family home is valued at $319,000, according to the article. Meanwhile, condo prices have increased 33 percent since 2010, sitting at $253,000.
“Nestled between Interstate 93 and Route 1 and just across the Mystic River from Somerville, Everett seems poised for a comeback,” read the Globe Magazine article. “Former industrial areas are getting cleaned up, with a spate of breweries and distillers drawing young professionals to Norman Street and its environs, a 7-mile bike path cutting through town along an old rail line, and a proposed cleanup of the Malden River for boaters and swimmers.”
The article also mentioned the prospects surrounding the Wynn Boston Harbor casino, and how it has the potential to spark a great amount of development.
“The $2 billion Wynn casino, set to break ground this summer, should bring even more development, and Mayor Carlo DeMaria is vowing to make Everett Square more pedestrian-friendly,” read the article.
It was pointed out that many of the single-family homes in Everett are turning over and need updating. That, however, was seen as a positive as it keeps prices lower.