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Redfin: Boston-area neighborhood one of country’s hottest

by Stephanie Sims and Natalie Terchek

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The Lawrence neighborhood in Medford is one of the top 10 Hottest Neighborhoods in the country, according to Redfin. The list is based on recent growth in home listing page views and favorites on Redfin.com.

The median sales price of a home in Lawrence is $656,450, with an average sale-to-list price ratio of 105.3 percent. At that rate, nearly 80 percent of homes are sold above list price, according to the data.

“Proximity to transportation, an easy commute to Boston and overall affordability are the major factors driving homebuyers to Lawrence Estates,” said Redfin Medford agent Stephen Cafferky. “Many homes have large yards and are minutes away from route 93, and the commuter train that can take you to North Station and Medford Square. The neighborhood is laid back, close to everything and a great place for people who are looking to escape city life but still have the itch to get downtown quickly.”

Source: Redfin

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