Summary:

The purpose of this report is to document recent market conditions in the area prior to the introduction of a major resort casino. The primary goal is to establish a baseline for measuring potential development impacts. In the process, we will also evaluate different data sources as well as techniques for identifying possible impacts. This report, produced by the UMASS Amherst Center for Economic Development in conjunction with the Economic and Public Policy research group at the UMass Donahue Institute, provides a summary of recent trends in the residential, commercial and industrial real estate markets for the City of Everett and its surrounding communities. It serves as a companion to the Everett Host Community Economic Profile report by the Donahue Institute that documents baseline conditions on a variety of economic, demographic and fiscal indicators. As with the Host Community Profile report,our analysis of Real Estate conditions covers several distinct concepts to paint a comprehensive picture of the local and regional real estate market prior to the introduction of a major resort casino.