JP is 26th-Hottest Real Estate Market in State for First Quarter

According to data sifted by the Boston Business Journal, Jamaica Plain’s real estate market was in the top 10 percent among neighborhoods in Massachusetts for the first quarter of 2015. Specifically, it ranked 26 of 301 neighborhoods. The hottest? Nearby Dudley Square, where values skyrocketed more than 30 percent.

Click through to the Boston Business Journal to dive deep into the data, which was provided by Zillow.

According to the Zillow data, the median price for a home in JP stood at $471,400, a 7 percent jump in the past year. Nearly all the neighborhood’s housing stock rose in value: 89 percent.

Another recent survey, this one by Redfin, concluded JP was the fourth-most cutthroat real estate market in the whole nation. That survey was based on the percentage of offers brokered by Redfin agents where there was competition, plus Multiple Listing Service data.

The spring housing market has opened on a strong note in the Bay State, with home values surging to record levels in many communities amid tight inventories, low interest rates and pent-up buyer demand from the region’s long winter.

Read more at: www.bizjournals.com