“We had this massive in-migration of millennials that fueled our hip restaurant scene, and our hip retail scene, and it fueled our booming apartment absorption.”
Creative deal-making skills and the ability to reposition obsolete real estate are necessary elements for buyers entering the highly competitive Orange County marketplace, Savills Studley's Brad Schmitt tells GlobeSt.com.
“Given its public transportation infrastructure and high quality of life amenities New York City ranks as number one in this ranking with a score of 4.8,” the report states.
LaRusso: "The market is reckoning with the implications of an environment where pricing has been misaligned with current demand levels, as it adapts to the larger challenges of an evolving retail business model.”
In the month of September of this year, there were 4,833 single-family home sale transactions, a 5.8% decline from the 5,186 posted a year earlier. The median single-family home price in Massachusetts was $380,000, up 8% from a year earlier when the median sale price was $352,000.