Local property prices continue to climb
Property prices in South Boston - a neighborhood that has seen a boom in development in recent years - have nearly doubled in less than 15 years. The median sales price of a South Boston property in 2015 was $599,000, according to The Warren Group. In 2002, the median price was $300,000. The 2015 year-end information from The Warren Group, a company that “compiles data on real estate sales and ownership throughout New England,” was recently released, demonstrating that the trend of rising value continues. In 2009, the median price for a property in South Boston was $354,500. Since that year, prices have increased by at least 3 percent. The increase in median sales price from 2014 to 2015 – 13.88 percent – is the [...]
