West Roxbury Home Values to Increase, Says Forecasting Company

West Roxbury homes should see the greatest increase in values during the next year out of all the 275 zip codes in the Boston Metropolitan Statistical Area. 

Pricing Nation, a real estate forecasting company, predicts the average West Roxbury home value should increase 12.86 percent, with changes in value ranging in expected increase of 9.22 to 15.81 percent depending on the home.

Home vacancies continue to be atop the list as a primary factor driving West Roxbury’s increase in home values with a 40 percent decrease in vacancies between December 2011 and December 2012. Thus this decrease in available housing supply is driving up the prices for the homes still on the market.

The average home value in the Boston MSA is predicted to increase by 1.45 percent during the same time period, according to Pricing Nation.