Good news condo seekers in the Boston metro area town of Everett.

A 74-unit condominium building on Chelsea Street called Parkway Heights has been converted from condos to apartments. 

This may not seem out of the ordinary except that 47 of the units are considered affordable housing.  "The developer, Winn Residential, received almost almost $3 million in tax credits from the state, and a $5.9 million loan from the Mass Housing Partnership". 

As for Everett condo owners, more good news.  January-March Everett condo sales are up 19% from 2007 and the median Everett condo price has increased 3.1% for the same time period. For both buyers and sellers in the Everett real estate market, there are still great deals to be had. 

For more information on Everett real estate, please contact John McCann at RE/MAX Results.

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