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A hot real estate market and bidding wars going hand-in-hand with Hudson's downtown revival
It's a place with a thriving, walkable downtown, near major Massachusetts roads ... celebrated revival of downtown Hudson is going hand-in-hand with a quickening real estate market. "Houses do not last very long," says Jack Hunter, Hudson's planning ...
Gallery: Homes on the market in Hudson, Mass
By Gintautas Dumcius
Millennials are drawn to itIt's a place with a thriving, walkable downtown, near major Massachusetts roadsTech companies aren't too far away.
Hudson, Massis not a major cityThe town of just under 20,000 people is located a little less than an hour from Boston and a little more than an hour from Springfield, while Worcester and Framingham are each roughly a half hour away.
But the celebrated revival of downtown Hudson is going hand-in-hand with a quickening real estate market.
"Houses do not last very long," says Jack Hunter, Hudson's planning director.
The town was a farming community and its homes would later serve as stops for escaped slaves on the Underground Railroad in the 1800s.
Shoe factories drew the immigrants, who worked in a downtown with picturesque brick buildings.
The town has seen its share of economic ups and downs, and it's back on an upswing, commercially and residentially.
According to Kotlarz Realty Group's Deb Kotlarz, 82 homes have sold in Hudson in last 6 months.
How one Massachusetts downtown bounced back from the crippling shadow of a mall and Walmart
They range in price, from $182,000 for a home needing some serious work, to $700,000 for a 10-room Craftsman-style home, she saysThe average selling price of the 82 homes is just over $370,000.
Bidding wars for homes are occurring "regularly," she says.
Kotlarz credits the revived downtown -- with its cheese shop, brewery and not-so-secret speakeasy -- and the tech companies like EMC on the Interstate 495.
"They want this walkable downtown area," Kotlarz says, standing inside the New City Microcreamery.
People are getting priced out of big cities, as well as smaller places like nearby Sudbury and Natick, and they're heading west, she adds.
The Hudson real estate market started to surge in 2014 and 2015, according to Kotlarz, who has worked in the realty business for 15 years.
"It's becoming a magnet for young professionals," Kotlarz says.
She's planning to put a home on the market that she expects to draw seven to nine offers due to its neighborhood setting, the fact that it's completely renovated and its open concept layoutThe home could go for $400,000, just $10,000 under the statewide median single-family price in June.
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Robert Burgess, 38, moved to Hudson in 2007, buying a condo near the Assabet River Rail Trail that cuts through Hudson and also goes through nearby Marlborough.
In 2013, he and his wife bought a ranch in the northwest corner of town and moved in with their two children, Will and Levi.
Burgess, who works at Tower Hill Botanic Garden, says he's seen other families do the same: They move into town, live in an apartment and condo, and decide to double-down on Hudson.
"I think a lot of families like ours see what's happening and say 'yes,'" he says.
Hudson 'Brewfest' to host more than 60 New England breweries
Click for more on MassLive's Communities on the Rise Reporter Road Trip to Hudson
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