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‘A hidden gem north of Boston’

Maybe it’s the short 20-minute commute to Boston, the three commuter rail stations or the historic Victorians that surround the downtown. Whatever the case may be, the city of Melrose has seen an increase in the housing market in 2010.

Maybe it’s the short 20-minute commute to Boston, the three commuter rail stations or the historic Victorians that surround the downtown. Whatever the case may be, the city of Melrose has seen an increase in the housing market in 2010 while many Massachusetts cities and towns have watched their housing prices and sales steadily decline.

Between January and September 2010, there was a 54 percent increase in sales in Melrose compared to the same time period in 2009. In addition, the median home prices jumped from $380,000 to $404,000.

“Melrose is a town that isn’t affected as much by the swings in the market. Melrose doesn’t have a lot of turnover — it is a tight-knit community,” said Mark Hutchinson, a broker and co-owner of Brad Hutchinson Real Estate, a firm that has been operating in Melrose for four decades. “We are kind of a hidden gem north of Boston.”

 
 
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