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When it Comes to Real Estate, Think Locally not Nationally - Chelmsford Real Estate is Doing Fine
When it comes to Real Estate, it is important to look at Local Trends, not National Trends. I'm sure you've heard the saying "the most important thing in real estate is Location, Location, Location." I couldn't have said it better myself.
Real Estate can be broken down into two major categories: Commercial & Residential. But these markets can be broken down even further.  Residential markets can be broken down to: detached single family, attached single family, 1-4 unit, and condominiums.  These markets too, can be broken down further into additional sub-markets. I could go on for quite some time, so I will stop there. But I've seen it broken down to the point of a home on one side of the street would sell for 10% more than a model match home on the opposite side of the street.
Here is an example of why you need to look locally, not nationally(or even regionally).  I keep hearing on the radio, on TV, and even from other real estate professionals that things are "slow."  Well, I took a look at some sales data in my home town of Chelmsford, MA and this is what I found:

While the number of condominium sales in ... more

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