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Condos Gain Family Appeal

Posted by Scott Van Voorhis July 22, 2014 11:58 AM

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Some families with young children are going condo, skipping the single-family with the big yard, the Globe reports.

It is part of the resurgence in the condo market we've been tracking on this blog. Here is a post from May on how condos have practically pulled even with homes in price.

Overall, condo prices in Massachusetts jumped 13 percent during the first five months of the year, compared to 6 percent for single-family homes, according to the Globe, citing Warren Group stats.

In fact, the trend matches what many young buyers, scrambling to keep pace in frenetic and pressure-packed workplaces, want these days. The demand right now is for move-in-ready properties, not fixer-uppers that require years of toil on nights and the weekends to make habitable, brokers report.

Of course, there can be big tradeoffs. Make sure you have a playground or two within walking distance. Having a yard comes in handy, especially when the kids are home from school and the hot weather hits.

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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