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What’s Up With Woburn Real Estate? Check Out These #’s

Are you a current or aspiring landlord in Massachusetts? No matter how many years you have in the rental business, fully understanding your local market is one the most important thing you can do to ensure your long-term success.  Receiving regular market updates will help you determine when’s it time to buy and when it’s time to sell. It will also allow you to see what your apartments rent for in comparison to your neighbors. Should you be increasing rents?

Here are Woburn’s multifamily sales and rental market statistics over the last 6 months of 2016.  

Total Multi-Family Listings SOLD: 9

Average Living Area by Square Feet: 2,594.00   

Average Listing Price: $521,735   

Average DOM (Days on Market): 37.87 Days 

Average Sales Price: $515,880

Average Rent for 1 Bedroom Units: $1,238

Average Rent for 2 Bedroom Units: $1,879

Average Rent for 3 Bedroom Units: $2,274

Average Rent for 4 Bedroom Units: $2,422

Want to get a FREE Sales and Rental Market Report for your specific area(s)? Just send a quick email to Contact@MandrellCo.com to receive your monthly report. In the title put the words “FREE Boston Sales Statistics” and in the body, add the up to 3 areas you’d like to receive data for. Your name and email will be added to the next monthly reporting cycle. It’s that simple to stay up to date and ahead of the curve!  

Please call us directly at 617-297-8641, for custom reports or questions above the data provided.