Deb, Home Buyer in 01757

worcester predictions: good or bad?

Asked by Deb, 01757 Sat Feb 9, 2008

worcester ma: I have heard mixed reviews. Some say it is an "up and coming" city, some say it is a dump. For an ex city slicker not wanting to shell out $$$ in the Boston real estate, would worcester be a good alternative? we are torn between big city living with all restaurants, museums, etc, and quiet country middle of nowhere living. what are the prospects for worcester within the next couple of years??

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12
Worcster seems like its come a long way, I read on http://www.worcesterrealestate.com that something like 2300 building permits were issued by the city for around 116 million dollars worth of residential & commercial renovations. Id say prices are going to rise in that city there is a strong infrastructure all the colleges and hospitals, I think people are getting priced out of Boston.
0 votes Thank Flag Link Fri Jan 14, 2011
Born and raised in Worcester and have lived in Los Angeles, Philly, Boston and various spots in Europe over a 7 year stretch. Worcester will never be Boston. However it is a great (safe, affordable) place to raise a family and one of the more low stress areas to work (light traffic and everything is close). The most striking thing when I come back to visit my family is the; architecture (downtown buildings and lots of built-to-last homes) the neighborhoods are real communities (no McMansions, lots of sidewalks, real trees) , world class museum and many of the best restuarant and bar areas (Shrewsbury St being the best) in New England. When someone hits 18-19-20 they probably want to get of Worcester and explore the world. When they get ready to raise a family they'll want to find a place like Worcester to move back to. Very few people make a killing in real estate there. It's been slow steady growth over time. But the quality of your home is more important than the value of your house.
0 votes Thank Flag Link Tue Aug 31, 2010
And now is a good time to buy in Worcester if you take advantage of the "Buy Worcester Now" program where local banks and mortgage companies are giving rate discounts to those who use them. Employers are getting in on the program as well, maybe helping with closing costs, and local furniture and appliance stores are helping with discounts for new home buyers in Worcester. Just go to their website: http://www.buyworcesternow.com for more information. Hope this helps!

Angela Dolber, realtor Prudential Prime Properties, serving Worcester County and beyond
0 votes Thank Flag Link Fri Oct 24, 2008
I have been born and raised in Worcester and I am currently raising my family in Worcester. If you are comparing housing costs to Boston and Metro West you will find no better value than right here in Worcester. Worcester is a diverse City as many cities tend to be. It has a small town feel and a city feel with many excellent restaurants, parks, schools and art venues. Check out the newly refurbished Hanover Theatre, the Wang has nothing over it. There are parts of the city that you don't even feel that you are in the city yet you have all that a city has to offer within minutes. Feel free to contact me.
Web Reference: http://www.tonyeconomou.com
0 votes Thank Flag Link Thu Oct 23, 2008
Try as the City Council might, I don't think Worcester will ever become another Boston. Yeah, they'll put in more buildings and services and that's all fine; that actually raises the quality of life for the general populace and the surrounding communities. I would not hesitate to buy in Worcester or surrounding because now the prices are REALLY good; services are good and everything you need is in front of you. You have higher taxes but that's true all over..
0 votes Thank Flag Link Thu Jul 3, 2008
Worcester is a great place to live... Every city has it's faults. I have lived here very happily for 15 years and grew up in a small town. I've never even thought of moving.

It's a great time to buy because prices are so good. The foreclosure rate is not because of the city AT ALL, it's because people who should have never bought a house did, and they got talked into adjustable rate mortgages that they were never going to be able to afford!
Web Reference: http://www.mapfp.com
0 votes Thank Flag Link Wed May 7, 2008
I have to disagree with Michael. I own a home in the west side of worcester. The town defintely has rough areas but every change I've seen since 2001 (when I first began living in worcester) has been positive. We have 11 colleges, the DCU center, hordes of new swanky resturaunts, 290 and the 146/pike interchange is finally done, and the overhaul is really nice. I have lived in Boston as well, and it was wonderful, but I wouldn't leave Worcester for Boston now or ever. I have all of it here and it's a quick train ride from beautiful Union station or a quick hop on the pike if I ever want to visit. Come on over, you won't regret it!
0 votes Thank Flag Link Mon Apr 21, 2008
DO NOT BUY IN WORCESTER RIGHT NOW. Tons of foreclosures just entered the market and a ton more are being processed right now. 2/26/08. The Neighborworks staff is very honest to deal with and sites like http://www.ofheo.gov, and a few others like zip.com and trulia will give you a good example of how long properties are sitting on the market. Yes, Worcester has a couple of nice spots, but the city management obviously is a little off. You have this many students in one town and you haven't in any way given them a strip or a spot to go spend there money???? I can't say anything against the realtors trying to paint a pretty picture on here, but you are better off spending money somewhere else right now. Worcester prices will continue falling for a bit. With this many foreclosures I would bet at least 2 years and these prices will more than likely not go back to where they were for at least 4-6. This is out of the mouth of a couple city managers n the area.
0 votes Thank Flag Link Tue Feb 26, 2008
Hi Deb,

I was born and raised on the South Shore of Boston and never thought I would find any city as wonderful as Boston. Well, now I live in a suburb outside of Worcester and have to admit that I do all my recreational activities (dining, theatre etc) in Worcester. I have also sold a few homes in Worcester in areas that are every bit as rural as the countryside. "Up and Coming" is a very general term, and it depends on what your needs are. If you are talking about revitalization, it is not only up and coming...it is here! I have a listing behind the College of the Holy Cross that was built in 1920 but has been revitalized to 2008 standards. This same house in a suburb would be $100,000 more. If you are looking to get more bang for your buck, it is definitely a place to consider. Glad to help or answer more questions if needed!
0 votes Thank Flag Link Wed Feb 20, 2008
I work at the WMC in downtown, next to the DCU. Currently my family and I are considering a move to the west side of the city (we now live in Northbridge) because of the school district and the house value. We find ourselves in Worcester more and more...the restaurants, the colleges, the downtown amenities...etc.
I think it is up and coming...(from a Worc. County native, who has lived north of Boston, and in Boulder CO.)
0 votes Thank Flag Link Sun Feb 10, 2008
I think Worcester is an up and coming city actually. They have just built a new courthouse downtown and also are planning on some condo highrises downtown as well. Are there places in Worcester that are less than desirable? Of course, but so isn't there in a city like Boston. There are some good areas of Worcester to check out, the north side of Burncoat and the western side Tatnuck area are two of the better places in the city for buying homes with good neighborhoods. If you do the northwest side of Worcester, near the Holden line, you'll find more acreage of land with the home since it's more of the "countryside" of the city.

Angela Dolber, Realtor
http://www.prudentialprime.net
Prudential Prime Properties
Whitinsville, MA
508-826-8553
0 votes Thank Flag Link Sun Feb 10, 2008
There are many great restaurants (I love 111 Chop House) as well as some good entertainment in Worcester and the surrounding areas. Not as much as in Boston, however. Your best bet would be to visit the city and see if it is what you are looking for. Prices will be far better than Boston.
0 votes Thank Flag Link Sat Feb 9, 2008
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