Buyers of Multi-Generational Housing
2017 Profile of Home Buyers and Sellers
Median Age: 53
Median Income: $91,000
30% are first-time buyers
82% are buyers of previously owned homes
84% bought through an agent/broker
Median square feet of home purchased: 2,100
Median home price: $250,000
Reasons for purchasingmulti-generational home:
Aging family members: 33%
Young adults over age 18: 31%
13%
of all respondents
Type of HomePurchased
Detached single-family, 83%Townhouse/rowhouse, 6%Duplex/apartment/condo, 3%Other, 7%
26%13%10%9%
Desire to own a home ofownDesire for larger homeDesire to be closer tofriends/family/relativesChange in family situation(e.g. marriage, birth of child,divorce, etc.)0%10%20%30%
Reasons to Purchase Home
Unique to these buyers:
49%owned theirprevious home55% found thequality of theneighborhood tobe important66% weremarried couples,and 16% weresingle females51% werelocated in asuburb/subdivision
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Author Profile
- EXPERIENCE
Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs
In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.
HISTORY
For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.
AREAS COVERED
Back Bay
Beacon Hill
Charles River Park
Downtown/Midtown
North End
South End
Seaport District
South Boston
Waterfront
Brookline
Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.
John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114
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