The North Shore is on Fire, but For How Long?

Since 2012, the average growth for two-plus multi-family buildings on a price per square foot basis in Salem was 10%, Saugus 11%, Revere 13% and Lynn 15%. Compared to Boston’s average multi-family growth rate of 6% between all sub-markets, the North Shore has distinguished itself as a pivotal real estate market in the last six years.

However, year-over-year growth rates are expected to slow down in 2018 as the North Shore becomes a more stabilized market; just like what we have seen in East Boston, Dorchester and Allston.