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Greater Boston's hottest towns?

Posted by Scott Van Voorhis February 26, 2014 10:35 AM

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Boston and a growing number of suburbs all have one thing in common now - home values that are once again at peak levels.

At a median value of $418,300, Boston has blown past the prior pricing peak set during the bubble years. So have Cambridge ($541,800), Brookline ($591,500), Newton ($793,100), Watertown ($425,000), Wellesley ($1,012,000) Winchester ($789,000), Cohasset ($748,900) and Somerville ($435,800).

All told, 22 out of 156 communities surveyed by Zillow in Greater Boston are back at peak pricing levels. (Zillow blends assessed values with prices.)

And of course, I have forgotten to mention Belmont, Concord, Lexington, Lincoln - you get the picture.

For the most part, we are talking the usual suspects, though Weston just missed the cut, as did Hingham and Hamilton.

Still, I was also surprised to find Natick, my hometown, on the list of communities back at peak at $435,900, as well as Reading ($457,000).

Another 28 suburbs are within 6 percent of their last peak, a group includes up and comers like Burlington, Medford, Woburn and Dedham.

Happy Wednesday!

This blog is not written or edited by Boston.com or the Boston Globe.
The author is solely responsible for the content.

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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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