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Market Conditions in Back Bay : Real Estate Advice

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  • Local Info3
  • Home Buying17
  • Home Selling1
  • Market Conditions3

Activity 3
Mon Jan 27, 2014
Ryan Rogers answered:
Very likely, parking is at a premium in the Back Bay. Deeded spots can range from 25k to 200k.

Enjoy the Back Bay Hina!
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Fri Jan 3, 2014
Anthony Fireman answered:
Hi Sanja,

Great observation!

Yes, they are a bit on the higher side. You should definitely consider the amount of commercial businesses in a community as this will help your overall tax burden. Both commercial businesses and residents contribute to a towns revenues levied by property taxes. When one is lacking, the other must make up the difference. For example, the taxes in Natick are substantially lower relative to Sherborn (just south of Natick), because Sherborn has very little in terms of retail/office space. Residential property owners in Sherborn must carry to burden in property taxes in this situation.

Hope this information helps.

Anthony C. Fireman
Keller Williams Realty
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Fri Nov 2, 2012
Heath Coker answered:
MLS stats are not as accurate as the knowledge of a local commercial real estate professional.
Commercial is not as publicly organized as the residential MLSs are.

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