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This Week in Boston Real Estate: Boston buyers aren’t spooked, local award-winners and more

by David Wolf

Cemeteries don’t scare off Bostonians apparently, as nearly 30 percent of Cambridge and Boston homes are within a half-mile of one. According to a new Trulia report, the two cities have some of the highest shares of homes near cemeteries and funeral parlors.

If you can stomach purchasing a home near those establishments, it may offer a few more benefits. From very quiet neighbors to having the perfect Halloween haunt just outside your door, lower-than-average home prices aren’t the only perk in these markets. Allentown, Penn., saw the biggest discount at 13.6 percent.

But for Boston, high home prices may still curse potential buyers. While less historic metros are able to enjoy the benefits, cemeteries do not seem to drive Boston home prices lower.

“In these areas, houses within a quarter mile of undertaking establishments have higher home values than those farther away, even after controlling for home attributes like number of bedrooms and square footage,” Trulia reported.

In other local real estate news:

  • Century 21 Commonwealth’s Timothy M. Garvey was named Realtor of the Year by the Realtors Commercial Alliance of Massachusetts (RCA-MA). Garvey, an associate of Century 21 Commonwealth’s Winchester office, was awarded at the MAR 2018 Annual Awards Dinner. RCA-MA awarded Garvey not just for his work, but also for his involvement in the community over the past 30 years.
  • Mayor Marty Walsh announced a public-private initiative to protect nearly 50 miles of Boston coastline to combat rising sea levels. Called “Resilient Boston Harbor,” the plan calls for private developers, nonprofit stakeholders and City Hall to help prevent and mitigate flooding. At a Greater Boston Chamber of Commerce forum, Mayor Walsh said downtown Boston is at risk of flooding due to sea level rise. Development of the plan is still in the early stages. A few ideas include opening 67 acres of space along the waterfront and requiring new buildings to have flood-mitigating features.
  • Those looking to find a new career may want to consider Boston. Glassdoor’s latest list of the 25 best towns to work in, an annual study, ranked Boston No.1. The city had the most job opportunities relative to the population. Glassdoor analyzed the cities by three factors: How easy it is to find a job, how affordable the city is and how satisfied employees are. San Jose and San Francisco rounded out the top three.
  • After a three-year delay, developers and the Boston Housing Authority finally unveiled their plans to remake Charlestown’s huge Bunker Hill public housing complex – at the price of $1.25 billion. The plan would rebuild more the near century old apartments and construct additional units. Plans originally called for 3,200 units with some buildings as tall as 20 stories. On Oct. 18, developers Corcoran Jennison and SunCal proposed 2,700 units with buildings no taller than 10 stories. BHA administrator Bill McGonagle said the city is researching a way to dedicate some tax dollars to the project instead of tapping the city’s general budget.
  • Ricardo Rodriguez was selected out of 92,000 agents to be featured in Coldwell Banker Residential’s new video series: “Coldwell Banker is Home To: The American Dream.” In a press release, Coldwell Banker said they chose Rodriguez because of his move from Colombia at 21-years-old with only $25 dollars. Since his move, Rodriguez founded Ricardo Rodriguez & Associates, which was ranked the No.1. Coldwell Banker team in New England.

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