in Waltham, MA
It has been well documented about just how well the real estate
market has performed during 2012 as a whole and now continues to do
so thus far in 2013. What is vastly unknown, however, is just the
depth of these year-over-year increases. Not only has The Greater
Boston Area seemingly led the way for the nation towards a housing
recovery, but there have been gains achieved in almost every
location in the country.
There are 134 core-based statistical areas (CBSAs) across the
United States according to Pro Teck Valuation; a firm based in
Waltham, Massachusetts. CBSAs, it must be defined, are those
locations where there are at least 10,000 people who are tied to an
urban center by commuting. Of the total 134, 123 realized gains of
500 or more property sales in 2012 over 2011.
One of the most popular statistics used by Pro Teck Valuation
was the comparison between price per square foot from year to year.
It turns out that the national median price per square foot rose
from $81.08 in 2011 to $86.42 in 2012. In 39 of the CBSAs, the
price per square foot rose by double digits in 2012. What is
fascinating to learn is that much of these areas were the ones that
were hit the hardest during the economic downturn. This only
further goes to show how strong of a rebound the market is
experiencing across the board. These figures are precisely accurate
due to Pro Teck Valuations method of gathering and studying
valuable data acquired from roughly 850 multiple listing services
on a daily basis.
More Information: Los Angeles Times