Today’s Boston Globe has a nice article about Melrose resident Justine Sterling, owner of Justine Sterling Design, who used her interior design skills in her own house to create a project room for her children. It’s not too often you see a basement looking this bright and airy. Check it out!
Great news for Melrose: The Boston Business Journal took a look at housing markets in Massachusetts, and Melrose comes out on top:
Using a collection of sales and pricing data provided by Zillow.com, the BBJ’s quarterly ranking uses a weighted formula to identify the local home markets most — and least — in demand in a given quarter, in this case the three-month period that ended June 30. The Q2 research included data for 355 ZIP codes in the state, encompassing neighborhoods from the tip of Cape Cod to Berkshire County.
“Topping the second quarter’s rankings and making its debut among the BBJ’s top-10 hottest communities was the middle-class city of Melrose, population 27,000. According to Zillow, Melrose home values were on a tear in the most-recent quarter, rising 7.4 percent since the end of March and posting a 19 percent gain on a year-over-year basis.
Bill Donohue, a broker and co-owner of Sexton & Donohue Century 21, said the city’s price appreciation has become palpable of late, citing as an example the recent sale of a Victorian that listed for $750,000 and ultimately sold for $805,000. He said the seller received eight bids after the first open house and that the same house probably would have sold for around 25 percent less just three years ago.
He said young professionals in particular are pouring into Melrose, drawn by the city’s diverse housing stock, historic downtown and commuting options. Indeed, it seems many of the same sellers in Boston’s frothy condo markets are pulling up stakes to raise families in the city’s northern suburbs, Melrose included.
“It’s amazing to me but we are getting multiple offers on just about every house we list,” said Donohue, whose Melrose brokerage has been in business for roughly two decades.”
The DPW Response Line, 781-665-0142, will be open late tonight if we have severe weather this evening.
Last night, the people of Melrose took to the streets—to enjoy live music, good food, and some amazing 3D chalk art at the Summer Stroll. Here’s a look at the festivities!
The Special Meeting of the Board of Aldermen regarding the ballot question to consider liquor license changes, scheduled for Monday evening, has been cancelled. The other Aldermen’s Committee meetings will proceed as scheduled.