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When it comes to that dream home, high prices have local buyers looking far afield

Posted by Scott Van Voorhis  November 21, 2011 09:16 AM
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OK, so where are local buyers looking as they hunt for a home they can afford?

I had Trulia send me a couple lists. The first is the top ten markets local buyers in Greater Boston are looking at, as measured by queries on the search engine.

The western suburbs - Cambridge, Newton, Framingham - are the top market in terms of searches. Buyers, even here in pricey Greater Boston, are still inclined to look in their back yards.

But after that it gets interesting, with lower cost markets like Worcester, Portland, Providence and Southern New Hampshire rounding dominating the top ten.

And when you look at the top searches by Greater Boston buyers interested in other markets at least 100 miles out, it gets even more interesting.

While Los Angeles, Washington, D.C. and New York all make the top ten, the rest of the list is dominated by various Florida markets. Given you can probably buy one home down in the Sunshine State and get another one free, you can't blame people in  the space starved, overpriced Boston area from at least looking.

Anyway, check out these lists.

Top ten search destinations:
Cambridge-Newton-Framingham, MA
Worcester, MA
Peabody, MA
Providence-New Bedford-Fall River, RI-MA
Barnstable Town, MA
Portland-South Portland-Biddeford, ME
New York-White Plains-Wayne, NY-NJ
Springfield, MA
Rockingham County-Strafford County, NH
Manchester-Nashua, NH

Top ten search destinations, >100 miles from Boston ONLY
Portland-South Portland-Biddeford, ME
New York-White Plains-Wayne, NY-NJ
Tampa-St. Petersburg-Clearwater, FL
Los Angeles-Long Beach-Glendale, CA
North Port-Bradenton-Sarasota, FL
West Palm Beach-Boca Raton-Boynton Beach, FL
Cape Coral-Fort Myers, FL
Orlando-Kissimmee-Sanford, FL
Lauderdale-Pompano Beach-Deerfield Beach, FL
Washington-Arlington-Alexandria, DC-VA-MD-WV

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.
Rona Fischman is a buyer's agent who provides a look at the local housing scene, from basements to attics.
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