Malden MA appeared in the latest edition of BusinessWeek magazine, recognized as ranking in the top communities to raise children in the state.  In Businessweek’s study, they reviewed data about school performance, diversity, environmental issues, crime, and affordability; based on the data analyzed this popular national magazine named Malden as ranked in Massachusetts most ‘diverse, well-connected, and affordable’ cities in the state.  City officials reported that they were pleased to hear this and felt it reflected the progress that they have been working for in moving Malden in the right direction.

For more information and specific questions regarding real estate in Malden including the foreclosure market, homes, and condos contact your neighborhood realtor John McCann.

Malden MA’s downtown former Sacred Hearts convent has been transformed into the ideal place for neighborhood artists to live and work.  The city of Malden Massachusetts and the Malden Redevelopment Authority (MRA) have collaborated to offer nine studios that are available to fine artists, performing artists (including actors/actresses, dancers, etc), teachers of art, and painting restorers.  Each condo unit is priced at $100,000-125,000 and will carry a mortgage payment from $800-1,200, with most fees included.  These Malden MA condos were built to make use of natural lighting and be efficient for artists seeking a place to express their creativity.

The city hopes that by offering this more affordable housing and work space for local artists, these artists will continue to give back to the community that is so richly art driven.  For more information on this condo project visit irvingstreetstudios.com.

If you have any specific real estate questions regarding the Metro Boston MA area including Malden, Medford, and Everett condos, homes and foreclosures, contact your neighborhood realtor, John McCann.

Local real estate market conditions in Malden, Massachusetts are currently considered a buyer’s market. 

There are a total of 312 residential properties on the market.  This breaks down to 117 single-family homes, 91 condo properties for sale, and finally 104 multi-family units available.  Home buyers are ecstatic about substantially lower prices in Malden, MA. 

Other great incentives for new home buyers are the abundance of properties on the Malden real estate market and fair interest rates now being offered. 

However, one thing buyers’ should keep in mind no matter what the market conditions are - the best properties don’t last long. Currently 1 in 2 properties have sold in Malden in the last 6 months.  Buyers’ need to keep that in mind when they find their dream house. 

For more information on finding your dream property in Malden, MA, please contact John McCann with all of your Malden real estate questions.

A new condominium redevelopment is planned near the downtown in Malden, Massachusetts. 

The property has been rezoned for up to 76 residences and 152 parking spots.  The new condo redevelopment is in a great location as it is a close walk to the rail service and only four miles from Boston. 

Also it is only about a 5 minute walk from the Malden downtown which offers great bistros and shopping.  Malden, MA is currently adding over 100 new professional jobs with the completion of the MA Department of Education headquarters and a new major medical center. 

In the next 3 years plans for a new minor league baseball park have already been approved. 

For more information on these new condos or other condominium real estate in Malden, Ma, please contact John McCann at RE/MAX real estate.

It is a good time to be a Malden condominium owner.  In the greater Boston metro area condo sales there were 80 percent as many condominium sales as single-family home sales. In fact, compared to the state wide average condo price drops in Massachusetts, Malden condo prices actually increased from last years first quarter median prices by 1.8%. 

In the Boston Metro Area itself, the median price of condos fell by 3.3%, but not in the Malden condo real estate market.  Instead condo sales are far exceeding single family houses, and prices are actually rising. 

A luxury Malden condominium and apartment project that began in 2006 should only boost future Malden real estate sales with 770 new condos on the market at project completion.  Like I said, it is a great time to be a Malden condominium owner! 

For further information on buying Malden real estate, please contact John McCann at RE/MAX Results.