One of our recent clients got our attention when she relocated from here in downtown Boston to a place a bit more off the beaten path: the charming town of Andover MA, located about 20 miles northwest of the city.
While we generally focus our posts and news items on the Boston market, after spending some time getting to know the Andover community, we’d like to take the opportunity to highlight the benefits and considerations for anyone contemplating acquiring the additional space, peace and tranquility or educational opportunities that a move to a nearby, upscale suburban community like Andover can afford.
The first thing any traveler through town will note about Andover’s town center is the pervasive sense of history.
The community traces its origins back as far as 1634 and grew substantially as a mill town during the industrial revolution and the town’s colonial and late 19th century heritage are both still readily apparent to anyone walking its quiet streets.
From the quintessential old New England town center edifice of Memorial Hall Library to the converted American Woolen Company mill buildings of Shawsheen Village – the local history is still very much alive in Andover.
To those of us in the greater Northeast region, Andover is probably best known as the site of the campus of Phillips Academy – one of the oldest and most prestigious boarding schools in the country and the alma mater for a litany of famous alums, including both Bush presidents and Bill Belichick.
The PA campus houses the Addison Gallery – home to an impressive collection of American art including pieces by Winslow Homer, Georgia O’Keefe, Frederic Remington and Jackson Pollack, among others. After undergoing extensive renovations through last fall, the museum is once again open to the public.
Alongside the Addison sits the Peabody Museum of Archaeology, notable for its collection of Native American pieces from across the North American continent. Not exactly something you expect to find in your typical 10,000-person suburban town.
What this all translates to for the local real estate market is that Andover homes tend to go for a premium relative to other communities in the North Boston area.
The median sales price for single-family homes stands near $500,000, with an average listing price currently in excess of $700,000.
The affluence and desirability of the community has kept the market relatively healthy through the downturn as well – of the over 120 homes currently on the market in Andover, the vast majority or about 100 are “regular-way”, i.e. not in pre-foreclosure or bank-owned.
The unique character of the town of Andover, combined with its affluence, highly regarded school system and low crime rate make it an appealing choice for those of us looking for a bit more space and a community in which to raise a family, but still looking for the cultural attractions of a major city.
Ready to trade in your T tokens for a Volvo station wagon yet?
If so – give Patti a call – a longtime Andover resident & Andover real estate agent – 978-423-3008