Friday, October 12, 2007

Hot Spot!

"Arlington is hottest place in Eastern Mass." according to a 10/10 Globe Article by Sacha Pfeiffer... a sampling of the description of our home, sweet, home!

"Welcome to Arlington, which is enjoying its own housing bubble while many other communities in Eastern Massachusetts struggle with declining sales and prices. Despite spiking foreclosures and subprime sorrows nationwide, real estate in this suburb northwest of Boston remains freakishly hot. Prices are stable, activity is brisk, and frenzied behavior not seen since the boom years - deliberate underpricing to fuel bidding wars, multiple offers over asking price, tight deadlines for submitting offers - is often routine.

Why home sales in Arlington continue to be so robust offers a case study in how a community with a key mix of attributes can muscle through a difficult real estate market. For many buyers and sellers, Arlington has that magic blend: proximity to Boston, respectable schools, desirable housing stock, prices notably lower than in surrounding communities, and city amenities in a town setting, such as a thriving restaurant scene.

Densely populated, tree-lined residential streets are largely populated with handsome Colonials, Capes, and two-family homes, many of them converted into condominiums. Bustling Massachusetts Avenue is the spine of the town, and is home to popular spots ranging from the charming Capitol Theatre movie house to the upscale Wild Child children's clothing store, to the newly expanded Argentine restaurant Tango.

That vibrant scene is attracting legions of buyers, particularly young couples trying to buy their first homes or trading up from condos."

1 comment:

Seth said...

So jealous...