Worcester Real Estate Market Report

The Worcester Real Estate Market Report provides you with an in depth look at the current market in Worcester and can give you great insight if you’re looking to secure a hard or private money loan. All data and statistics in the market report are updated monthly and are obtained from Local Market Monitor. We are providing this great tool for FREE to anyone in the Real Estate industry to assist you with determining where the best market in Worcester is to purchase your next fix to flip or rental property. In the market report you can find the average home price in Worcester and compare the population of the MSA areas within the state. Along with the average home price, you can also view the Single-Family Housing Permits statistics and the Multi-Family Housing Permit statistics.

A really great statistic that can be of value to you in determining where your next rental property purchase will be is the Current Monthly Rent amount, along with the Rent-Home price ratio and the Rent Forecast. These are three very valuable statistics that will allow you to be more knowledgeable about the Worcester real estate market and allow you to be the most successful in building your investment portfolio.

Also available to you in the market report, is the percent of population growth, as well as the percent of the 12-month change. Another great data point that you can find on the market report is the unemployment rate along with the percent job growth within Worcester.

Hard Money Loans in Worcester, MA – BridgeWell Capital

According to Zillow, the median home value in Worcester is $267,281 and home values have gone up 9.0% over the past year and Zillow predicts they will rise 0.7% within the next year. The median list price per square foot in Worcester is $180, which is lower than the Worcester Metro average of $185. The median price of homes currently listed in Worcester is $249,000 while the median price of homes that sold is $256,100. The median rent price in Worcester is $1,500, which is the same as the Worcester Metro median of $1,500.

BridgeWell Capital is Boston’s #1 hard money lender for real estate investments. We work with investors throughout Massachusetts, who need to secure fast, hassle-free sources of capital to take advantage of investment opportunities as they become available. BridgeWell Capital professionals often finance investments in as little as 10 days. From Pittsfield to Provincetown, no one in the state of Massachusetts works harder for you than BridgeWell Capital. If your investment makes sense and promises a solid profit margin, you can be approved for hard money financing.

 

 

How is BridgeWell Capital Unique from Other Hard Money Lenders in Boston, MA?

• Consistent, Responsive and Reliable Service: At BridgeWell Capital we pride ourselves on providing unparalleled customer service. We walk you through the entire process, so you know exactly what to expect. If you have questions, your personal account executive is always available and ready to assist you. Simply put, once you’ve done business with BridgeWell Capital, you won’t go anywhere else for your real estate investment hard money loans. In fact, a strong percentage of our business comes from repeat customers.
• Experience: With over 30 years of real estate investment experience, our management team sets industry standards, having successfully funded over USD$200MM in hard money loans for real estate investors.
• Support & Coaching: We strive to be more than just a source of private money for real estate investments. Our hard money loans are structured around win-win business relationships with our borrowers. We want you to be successful in your investments, so we provide you with all the support and real estate industry best practices you need to make smart, confident investment decisions. From rehab to rental, BridgeWell’s got the Bay State covered.
• Licensed Mortgage Lender: Unlike other hard money lenders in Boston, BridgeWell Capital is a fully-licensed and insured mortgage lender that’s A+ rated by the Better Business Bureau.
• Wide Service Area: We provide hard money loans throughout the Boston Metropolitan Statistical Area (MSA), and the state.

 

 

Investing in Boston’s Real Estate Market

It is no secret Boston’s real estate market offers some great investment opportunities. However, with housing sales up 17.9% year-on-year for the month of July and median home prices increasing 2.2% in that same timeframe, things look healthy across Massachusetts, and not just in Boston where rents are 3rd highest in the country. In a recent article published in the Boston Business Journal, “People who lease apartments in Greater Boston spend on average 34.4 percent of their monthly income on rent.”

Keeping up with the markets throughout the greater Boston metro area and staying up-to-date on current trends throughout the state of Massachusetts can lead to, not only smarter investment decisions, but ultimately, a more successful portfolio of investment properties. At BridgeWell Capital, we approve our hard money loans based on your ability to succeed, and local market trends and indicators are some of the factors we encourage our borrowers to use to make smart investment decisions.

For example, buying a residential property where home sales are rising and days on market are decreasing, or where school ratings are high, and crime rates are low, should translate into an easier, more lucrative, real estate investment project. For current trends in Massachusetts’ real estate investment markets, visit Zillow.com or Trulia.com.

 

 

Real Estate Investor Associations in Boston (and surrounding areas)

We always encourage getting involved in the local/regional real estate investment community. Whether you do or not won’t have any effect on your ability to secure hard money loans from BridgeWell Capital, but there’s probably no better place to network, learn, do business and collaborate with other real estate professionals than at Real Estate Investment Associations (REIAs). The REIAs serving the Boston metro area and Massachusetts are:

• Boston Area Real Estate Investors Association: The Boston area’s longest running REIA meets the 3rd Thursday of every month, unless otherwise stated, at the Hyatt Place Boston/Medford. These events are open to the public. There is a $25 attendance fee for nonmembers.
• Boston Real Estate Investors Association: The Boston REIA affiliated with National REIA holds its meetings on the first Tuesday of every month, unless otherwise stated, at the Hilton Boston/Dedham. Meetings are free for members. There is a $30/person fee for nonmembers.
• Massachusetts Real Estate Investors Association: The Massachusetts REIA meets on the last Tuesday of each month at the SpringHill Suites Boston/Peabody. Admission is free for members. There is a $25 attendance fee for guests.
• New England Real Estate Investors Association: Serving the greater New England area, New England REIA meets on the first Wednesday of every month at the Best Western Plus in Chelmsford, Massachusetts. Attendance fee is $25.
• South Shore Real Estate Investors Association: Serving southeastern Massachusetts, the South Shore REIA meets on the first Wednesday of every month at Bailey’s Surf & Turf in Wareham, MA. There is a $25 attendance fee paid at the door, or you can pre-register for $20.

REIAs are a great place for real estate investors to grow their business and we highly encourage getting involved. Find the REIA that best fits your needs. A well built out knowledge base and support group can only help when it comes to making your next real estate investment project a success. BridgeWell Capital is Massachusetts #1 hard money lender for real estate investment in the state. Whether it’s rehab loans or investment for rental properties, BridgeWell Capital is the most trusted name in private money lending. If you need help financing your next commercial or residential real estate project contact us today!

 

BridgeWell Capital’s Links to Success

BridgeWell Capital wants you to be a success in real estate investing, and that takes knowledge, but the key to knowledge is knowing where to find it. Here are some links to help you get find the answers you seek.

• Massachusetts Chamber of Commerce
• North Central Massachusetts Chamber of Commerce
• Greater Boston Chamber of Commerce
• Affiliated Chambers of Commerce of Greater Springfield
• Cape Cod Chamber of Commerce
• Martha’s Vineyard Chamber of Commerce
• Massachusetts Latino Chamber of Commerce
• Metro South Chamber of Commerce
• Metro West Chamber of Commerce
• Nantucket Chamber of Commerce
• New England Black Chamber of Commerce
• North Worcester County Landlord Association
• Plymouth Area Chamber of Commerce
• South Shore Chamber of Commerce
• Worchester Regional Chamber of Commerce

At BridgeWell Capital we’re committed to your success, and we are ready to become an integral part of your real estate investment team.

For more information about our hard money loans in Worcester, and throughout Massachusetts, call us at 617-213-3000, or fill out our request funding form online and we will contact you within one (1) business day.