Salisbury real estate has traditionally been high-priced, with the exception being during the housing boom years. In recent years, however, real estate prices have begun to decline because many of the areas’ properties were purchased up by investors. This has created a situation where many Salisbury property owners are unable to make their monthly mortgage payments on time.
Salisbury, Massachusetts real estate & homes
With a population of 32,781, 12,292 houses, or apartments, and an average price of Salisbury properties of nearly $198,000, Salisbury’s real estate prices are among the highest in the state, but unlike many other real estate markets in the state, Salisbury homes still rank among the most expensive in Maryland. Salisbury’s real estate market is also one of the youngest in the state.
There are a variety of factors that contribute to Salisbury’s high real estate prices. These include high property values, the presence of the Atlantic Ocean, and the fact that Salisbury was previously known as Baltimore. The Atlantic Ocean has helped to push down Salisbury’s cost of living, as it draws more visitors to the city. Despite being the oldest part of Maryland, it would be safe to say that Salisbury is still relatively young. As such, there is still plenty of room for growth in this area.
Read more –gmrealestate.com.au