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pamaral89 · Guest

Hi Folks

Anyone have any thoughts on the overall Malden market and its potential to be the next Somerville within 5-8 years or at least see some serious growth in value and the overall sentiment changing for the city?

With Malden Center and Oak Oak (the orange line + new trains), and its easy access to the city what's really holding this city back from its true potential? I'm aware of the municipality and community holding back from becoming a more "urban" environment and the families that have lived there for 50+ years are really against that growth but with Somerville becoming overpriced, and Medford well on its way, especially with the greenline ext. logically it seems that Malden is ripe of opportunities and growth in the coming years... somebody tell me I'm not crazy.. what do you guys think?

Thanks
PA

Guest

bsg61 · Guest

Malden has been "hot" for a while.

But the other poster has a point. Urban living may start to lose it's allure if life as we knew it pre-Covid does not return. The beauty of living in the city is being able to walk to stores, restaurants, bars, the T, the library, museums. But if close access to the T is not a selling point, maybe Malden's hotness will cool off a bit. Only time will tell.

Guest · Posted: Tue May 26, 2020 2:43 am GMT Post subject:

I think it's too early to tell how covid will affect a migration to the burbs. There's not going to be a little house out there in the suburbs for everyone. And if you have feet or can ride a bike, and work in town, you can get to the offie without Uber or the T. And that's if your employer doesn't let you work from home, which I thnk many of us will contiue to do.

Guest · Guest

Guest · Posted: Sun Jun 07, 2020 4:01 am GMT Post subject:

So the Jobs Report and Unemployment Rate were unexpectedly good for May. We may likely have hit the bottom and are returning to normalcy (though maybe slowly going forward). I;m not sure if the local real estate market will take a hit.

Guest · Posted: Tue Feb 09, 2021 7:14 pm GMT Post subject:

With the vaccine roll outs and effectively everyone having the ability to get the vaccine by year end (2021), I believe we'll be back to normal by this summer. Companies have already started rolling out "back to work" plans in which creates a more flexible work from home schedule. In my opinion, all surrounding markets (Somerville, Malden, Chelsea, Medford, etc.) will gain from this especially in the single family home space as people want more space to work from home.

Guest · Posted: Tue Feb 09, 2021 7:37 pm GMT Post subject:

[quote="Anonymous"]With the vaccine roll outs and effectively everyone having the ability to get the vaccine by year end (2021), I believe we'll be back to normal by this summer. Companies have already started rolling out "back to work" plans in which creates a more flexible work from home schedule. In my opinion, all surrounding markets (Somerville, Malden, Chelsea, Medford, etc.) will gain from this especially in the single family home space as people want more space to work from home.

Bottom tier cities like Chelsea, Lynn and Malden will languish because the people who live there have been crushed by Covid. Once they get their jobs back this fall, it will take them a few years to get their credit back to where they can get a mortgage.

zachparker7 · Joined: 30 May 2023 Posts: 1

A bit surprising that Malden's rental market hasn't grown more since the pandemic ended. Rents are up by double digit margins all over Boston, but haven't increased by more than 6% in Malden. That's good news for renters looking to escape soaring rent prices closer to Boston.

https://bostonpads.com/malden-rental-market-data/