Home Buying in Northampton>Question Details

Ashley, Home Buyer in Amherst, MA

How is the resale (say after 3-5 years) of nicer--$200,000 condos in Northampton?

Asked by Ashley, Amherst, MA Mon Jun 15, 2009

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Carol Abbe Smith’s answer
Historically condo values do not rise in value over the long term when compared to single family homes. The housing market in Northampton has not suffered as much as in many parts of the country but I would say the condo market is not as strong as it was a few years ago. This said, condos in walking distance to town have done better in the long term than ones not within walking range. Also older conversions are not faring as well as newer units. Still over all buying any property in Northampton is a safer bet for a profitable resale than in most communities.
0 votes Thank Flag Link Tue Jun 16, 2009
No one can predict the future. . . But, Northampton's values will hold stronger than most other places in the region due to its network of grid pattern streets in the urban core, its nationally recognized downtown and cultural attractions of all sorts.

Best,

Craig Della Penna, Green Realtor
The Murphys Realtors, Inc.
44 Conz Street, Northampton, MA 01060
413-575-2277 cell Craig@CraigDP.com
0 votes Thank Flag Link Mon Jun 15, 2009
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