Lawrence, long know as the "Immigrant City" is located in Essex County near the New Hampshire state line.  The Merrimack River divides the city in two. Many of the Mill buildings located along the river have been renovated over the past decade. Some of the mills continue to be used as manufacturing facilities while others have been converted into office buildings and residential condominiums.  The downtown area is home to many shops & restaurants. The city recently constructed a new High School which is located in South Lawrence.  Lawrence continues to attract first time buyers and buyers if low to moderate incomes. A large portion of the residential properties in the city are 2-4 unit multi-family dwellings. Rental demand remains high, and these types of properties continue to attract investors to the city. There are also plenty of single family and condominium housing options within the city. The Merrimack Valley Transit Authority provides fixed route bus service throughout the city. Commuter rail service to downtown Boston is available in South Lawrence. 

Some areas of the city have been hit hard by the recent rise in foreclosures in the state. This has led to many bank owned properties and there are plenty of "good buys" within the city.

For more information on the City of Lawrence click on the link to the Official Lawrence Home Page on the right side of this page.

						Year by Year Statistics
	# Sold       2003	# Sold       2004	# Sold 2005	# Sold 2006	Median Price  2003	Median Price        2004	Median Price 2005	Median Price 2006	Avg. DOM 2003	Avg. DOM 2004	Avg. DOM 2005	Avg. DOM 2006
Single Family	499	639	617	444	$229,000	$250,000	$279,900	$265,000	58	49	78	109
Condominium	317	450	569	457	$146,900	$175,000	$198,900	$191,000	51	40	25	89
Multi-Family	276	333	306	186	$285,000	$315,000	$342,000	$318,000	46	39	59	80

			3rd Quarter 2006 vs 3rd Quarter 2007 (July-Sept.)
	# Sold Q3 '06	# Sold Q3 '07	% Change	Median Price '06	Median Price '07	% Change	Avg DOM '06	Avg DOM '07
Single Family	116	103	-11.2%	$264,500	$242,000	-8.5%	112	133		Source: MLS/PIN &
Condominium	146	106	-27.4%	$209,900	$177,500	-15.4%	93	149		The Northeast Association of Realtors
Multi-Family	39	38	-2.6%	$315,000	$232,825	-26.1%	87	121

More information coming soon, please check back with us.

http://www.cityoflawrence.com/Pages/index