If you are familiar with Belmont, MA, as one of Boston's "bedroom communities" it may surprise you to know that there are more multi family homes in Belmont than single family homes. And surprise you to see how well the value of these homes and the multi family market in Belmont held up from last year to this.
In the first six months of 2008 (the last gasp of the "irrational exuberance"), 10 multi family homes sold in Belmont with an average sales price of $587,100 and an average of 83 days on the market.
In the first six months of 2009 (the gasp for air), 8 multi family homes sold with an average price of $514,033 and just 80 days on the market.
In this era of ‘fiscal responsibility', buying a multi family home with the additional rental income is very appealing. It can be a better investment than a condo in the short and long run with rental income and a greater appreciation basis.
Don't rule out Belmont, with it's great proximity to Boston as a great place to buy a multi family home, shop, dine, walk Habitat trails, and enjoy it all.
Visit Avenue3re.com to see the multi family homes for sale in Belmont today!
Going Green with Cambridge Real Estate
When looking to buy a home or condo in Cambridge, MA, consider the green component.
Cambridge homes benefit from an aggressive city program dedicated to maintaining an ongoing interest in energy conservation and recycling. As an owner of a Cambridge property you will receive regular emails in regard to recycling and energy programs which not only benefit the environment, but your pocketbook as well. Visit the Cambridge Recycling Site for additional info.
Don't forget that going green can save you money as well...visit the Cambridge Energy Alliance for a description of the city sponsored organization "created to save you money, while reducing Cambridge's carbon footprint". The Cambridge Energy Alliance offers comprehensive energy audits of any Cambridge home. In addition, the site offers links to informative discussions of everything from Solar Power to Nuclear Waste.
Visit avenue3re.com to see properties for sale in Cambridge today!