Business & Tech
Somerville One of 10 Communities Where Single-Family Home Values Bested the Great Recession
Home single-family home values in Somerville are higher now than they were in 2005. Only nine other communities in Massachusetts can say that, the Boston Globe determined.
Somerville is one of only 10 communities in Massachusetts where single-family homes were higher in value in 2011 than they were before the Great Recession, according to analysis from the Boston Globe.
The Globe, which used data provided by the Warren Group, publisher of Banker & Tradesman, lists the 10 communities where single-family homes have risen in value since 2005:
- Somerville
- Brookline
- Cambridge
- Downtown Boston
- Great Barrington
- Jamaica Plain
- Manchester-by-the-Sea
- Marion
- Rockport
- Winchester
The median price of a single-family home in Somerville in 2011 was $445,000, according to the Warren Group's figures, up 3.9 percent since 2005, when that number was $428,500.
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See the Globe's coverage here. (Note, the Globe headline says "Top 11" communities, but it only includes 10.)
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