Image provided by the American Public Transportation Association and the National Association of Realtors. Yet another reason to mention nearby transit in your next listing description: The residential sales prices for homes in the Boston metro region that are located near public transportation outpaced those of their counterparts, according to a new report from the American Public Transportation Association and the National Association of Realtors. The report looked at home prices for seven metropolitan regions across the country, showing that the median sales price of homes near public transportation – bus rapid transit, commuter rail, subway and light rail – increased 29 percent between 2012 and 2016 in the Boston metro area. That’s nine percentage points higher than the 20 percent increase for homes in non-transit areas over the same time period. The Concord Train Station on the Fitchburg commuter rail line and the Terminal A BRT stop at the Boston Logan Airport experienced the highest increases in residential median sales prices, jumping a whopping 144 percent, according to the report. “East Boston has emerged as one of the fastest-growing neighborhoods in recent years, due to its proximity to downtown Boston and the neighboring Seaport District, and its affordability and availability of public transportation,”

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Article From: "Timothy Inklebarger"   Read full article

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