Property Management Blog

Worcester County Housing Prices Still Rising In what seems to be an ongoing trend, The Worcester Telegram recently announced that in Massachusetts, "Median prices for homes and condos put under sales agreements in January both eclipsed $400,000, and agreements for both property types were up more than 10% compared to January 2019." Furthermore, they have reported that "Home and condominium prices in Worcester County jumped more than 11% in January over the [...]

Home, condo prices climb in Worcester County The Worcester Telegram recently announced that "home prices in Worcester County jumped 8.5% in December over the same period in 2018, and rose 5.5% in 2019 over the previous year, according to a new report." This includes a median sale price in December that jumped over $20,000 since just over one year ago. Condominium sales showed significant positive trending too with sale prices that were [...]

2019: Evolution & Growth in a Booming Market The Worcester Telegram recently summarized some of the biggest economic stories and happenings of 2019. This collection of stories portrayed the Central Massachusetts real estate market, namely Worcester, as thriving and still on the rise. The article highlights the sale and redevelopment of major downtown Worcester properties such as the Midtown Mall, the Sky Mark Tower, and the Worcester Plaza at 446 Main St, [...]

Worcester Multi-Family Properties In Demand The Worcester Business Journal recently put out an article that highlights the increasing Worcester investor demand for multi-families. The article states "the average monthly rent for an apartment in Worcester from January through October was $1,681, a 3.5% increase compared to the same period one year ago, according to RealPage Inc., a Texas provider of real estate data. The cost of an apartment in Worcester is above [...]

Worcester Property Values Continue to Rise The Worcester Telegram is reporting that "the total value of taxable property in the city jumped 8.26% this year, rising to a new high-water mark of $14.646 billion." In fact, both three-family homes and apartment buildings saw significant growth at 11.82% and 14.91%, respectively. This is not surprising since, according to the article, this is the seventh straight year that Worcester's total valuation has increased. The [...]