According to the Boston Globe, the average four-bedroom, two bathroom house in Wellesley is listed at $1.09 million, making it the most expensive community in Massachusetts and the 10th most expensive in the nation — about 17 times more expensive than Cleveland, the most affordable community in a Coldwell Banker survey. On the shores of Lake Erie, a home that size goes for $64,993.
Massachusetts placed six communities in the top 25, including Cohasset ($923,889), Lexington ($918,600), Hingham ($891,342), Newton ($884,767), and Marblehead ($875,347).
The only buyers who might consider Wellesley affordable are those from California. Every market more expensive than Wellesley was located there. Los Altos, in the heart of Silicon Valley, topped the list at $1.96 million, followed closely by its Southern California cousin, Newport Beach ($1.90 million).
If you are considering buying or selling in Massachusetts, please call Fitzgerald Law Offices, your home for experienced real estate counsel. 781-924-5326 or email@example.com.