September 26, 2022
September 23, 2022
NORTH ATTLEBORO — If homebuyers are looking for the hottest real estate markets in the country, they can stop looking in the Sunbelt or the leafy suburbs of a big city. They should try to search…here.
According to realtor.com’s latest list, released this week, North Attleboro is one of the 10 most popular ZIP Codes of the year, based on the number of clicks an ad got on its website and the time gone through a house on the market.
“These hottest zips are relatively affordable and within hours of the biggest, best-paying cities,” making them ideal for traditional or remote workers, Danielle Hale, chief economist for realtor.com, said in a video accompanying the list.
North Attleboro is ranked No. 9 in company rankings, between Hooksett, NH, and Auburn, Maine.
Six of the top 10 locations on realtor.com’s list are in New England.
Realtor.com is a real estate listing website operated by News Corp subsidiary Move Inc. and based in Santa Clara, California.
“People are buying homes in these areas that are bigger and more affordable than what you would find in a downtown area,” Hale told business news site Bloomberg.com. “Maybe it’s because they have more flexibility than they had before the pandemic.”
For a local real estate agent, listing is good news, but it also makes good sense.
“There are so many amenities the city offers, restaurants, a WWI park, freeway access,” Koury Signoriello, broker and owner of New World Realty in North Attleboro said Wednesday, also noting the city’s proximity to Boston and Providence.
And then there are the concerts in the town and the weekly farmer’s market in front of the town hall and its lively town centre. “When a community is supported, it makes a difference,” he said.
Lyle Pirnie, the town’s economic development coordinator, said in an email that he was “over the moon” about the registration.
According to realtor.com, North Attleboro has the highest average listing price on this year’s listing at $587,000, but also the fastest average selling time of any area on the listing – just five days. .
He describes the city as rich in history, pointing out that the oldest remaining buildings downtown are on the National Register of Historic Places.
He goes on to note that the downtown “has seen revitalization in recent years, with redevelopment projects that include new multi-family mixed-use housing.”
“People aren’t giving up on their dream home, but it’s moving even further away from big cities, suburbs and small towns where they can find a home that fits their budget,” Hale said.
The ranking comes the same week the Warren Group, which tracks statewide home sales, reported that North Attleboro saw a sharp drop in single-family home sales in July, with just 15 for the entire month.
This is a drop of over 51% from July 2021. The median price of a single-family home, however, rose 20.5% over the same period to $599,000.
Dawn Ruffini, president of the Foxboro-based Massachusetts Association of Realtors, noted, however, that housing stock continues to climb nationally this summer.
She added that while affordability and mortgage rates remain issues, “this positive move in inventory indicates that options are on the horizon again for buyers.”
MAR also noted in its monthly report that there were 19 homes listed for sale in North Attleboro in July, down nearly 14% from the same time last year.