Friday, April 23, 2010

Natick Massachusetts Makes the Top 12 List of Places to Live

The Boston Globe has announced a list of the top twelve places to live in the Commonwealth and Natick Massachusetts has made spot number seven.

Some factors that went into the choice were transportation, schools and green space. But, the most important component was the stability of real estate values. How well have Natick home sales held up during the recession?

The median single-family home price in 2009 was $417,750. The change since the market peak in 2005 has been -9%. The median condo price in 2009 was $310,000.

The information used for the evaluation was provided by the Warren Group, a Boston-based real estate tracking firm.

Real estate values have shrunk in Massachusetts by 20 percent since the peak which was 2005. And, the towns in the top 12 list have fared rather well by comparison to the rest of the state.

One of the factors that help to keep Natick ahead of the packis that it is surrounded by the affluent towns of Weston, Wellesley, Sherborn, Wayland and Dover. As you head west out of Boston, Natick is the first affordable town.

Other attractions of Natick are the great schools that have consistently had high MCAS scores, the quaint downtown area with historic churches as well as commercial buildings, miles of walking trails and conservation land as well as the allure of the upscale mall - The Natick Collection.

The Natick Collection Mall also features the Nouvelle Natick, deluxe condos in the middle of Metrowest suburbia. Although this condo project has seen its share of problems it has begun to bounce back and offers an interesting lifestyle for a number of people.

All in all, Natick has done well during times that have been difficult in this state and remains a town where real estate values have held in place.

The other towns in the Globe's top twelve were: Wenham, Jamaica Plain, Cambridge, Winchester, Rowley, Lynnfield, Downtown Boston, Weston, Brookline, West Tisbury and Eastham.

I would say that Natick is in pretty good company.

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