Ten Mass. locales see big home value gains

Ten Bay State communities, including two Boston neighborhoods, saw big double-digit gains in home values in the past nine years.

According to a new Top 10 list compiled by the Warren Group, which publishes Banker and Tradesman, the 10 communities are Brookline, Belmont, Cambridge, Concord, Jamaica Plain, Lexington, Newton, Somerville, South Boston, and Winchester.

Forty-six communities are back above the 2005 peak prices they had before the economic crash, the group added.

Cambridge outperformed the rest of the Warren Group's Top 10 list, reporting median prices for a single-family home hitting $1.2 million in 2014, up from $667,500 in 2005.

That comes out to a 
79.8 percent increase in the median price.

Jamaica Plain, which shares a border with Brookline, was the runner-up, seeing prices rise to $700,000 in 2014 from $498,000 in 2005, a 40.6 percent increase.

Lexington and South Boston came in third and fourth, experiencing 
34.8 percent and 33.3 percent increases, respectively.

In Lexington, the price rose to $950,000 in 2014, while increasing to $545,000 in South Boston, an enclave that witnessed a 
44 percent increase in sales along with the growth in price.

Brookline came in at fifth place, with the median price in 2014 reaching $1.48 million from $1.1 million in 2005, a 32.6 percent increase.

Six of the top 10 communities had a 2014 median home price of $899,000 or higher, according to the Warren Group.

The rest of the top 10, in order, has Somerville (27.2 percent increase), Concord (26.1 percent), Belmont (24.9 percent), Newton (23.8 percent) and Winchester (23 percent).

Like South Boston, Lexington, Brookline and Concord saw sales increase with prices.

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