ZipRealty Names the 5 Most Popular Boston Neighborhoods

GlobeNewswire Europe

FOR IMMEDIATE RELEASE
Media Contact: Stacey Corso
510.735.2667
scorso@ziprealty.com

South Boston is the most popular zip code, followed by Dorchester Center.

EMERYVILLE, Calif., March 12, 2014 - ZipRealty, Inc. (http://www.ziprealty.com) (ZIPR), the nation`s most prominent online technology-powered residential real estate brokerage firm and real estate marketing solutions provider, has released a list of the Five Most Popular Boston Neighborhoods, based on user data collected on ZipRealty.com. ZipRealty analyzed the 10 most popular zip codes for saved home searches and their corresponding median sales prices.

"Boston`s real estate market was very healthy in 2013, performing well above the rest of the nation," said Joseph Pucillo, Vice President of Brokerage Services for ZipRealty. The median home sales price for Boston homes stood at $330,650 in January 2014, a 14% year-over-year increase. That compares to a median home sales price of $259,914 in the combined metros tracked by ZipRealty, a 12.5% year-over-year increase. "Housing inventory remained low in Boston last year as well, and continues to trend downward. Inventory fell 21% annually to 17,104 homes at the end of January, whereas the combined inventory for the 24 metros surveyed by ZipRealty was only down 7% year-over-year during the same time period," added Mr. Pucillo.

"We expect that demand for Greater Boston real estate will remain strong this year, spurred by the region`s world-class education systems and strong job growth in the medical and biomed sectors. People from all over the world are coming to Boston to study, and many of them stay here after they graduate," noted Mr. Pucillo.


The 5 Most Popular Boston Neighborhoods are:

Zip Code Neighborhood Jan. 2014 Median
Sales Price
Jan. 2014
Sales Price Change
1) 02127 South Boston $639,000 99%
2) 02124 Dorchester Center $288,000 3%
3) 02116 South End, Back Bay $1.135 million (-24%)
4) 02122 Dorchester $275,000 20%
5) 02119 Roxbury $221,650 6%

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About ZipRealty, Inc.
ZipRealty is a leading national real estate brokerage and provider of proprietary technology and comprehensive online marketing tools for the residential real estate brokerage industry. For home buyers and sellers who increasingly want control, choice and a seamless, customized service, ZipRealty offers Internet-enabled, state-of-the-art technology and complete access to accurate, timely information via their website and mobile applications, which real estate professionals can combine with their own local knowledge and personal expertise to offer an exceptional start-to-finish client experience. For real estate professionals who seek more productive ways to conduct business, ZipRealty provides technology and online marketing tools to enhance their online sales channel, including lead generation, conversion and service of their clients. ZipRealty`s technology and online marketing products serve its full-service, owned-and-operated residential real estate brokerage business in 19 markets nationwide, as well as its Powered by Zip network of leading third-party local brokerages in 20 markets.




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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ZipRealty via GlobeNewswire

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