Boston Magazine includes Wellesley in its Best Places to Live issue, specifically including the town among those where “opportunity knocks,” alongside Weston, Dover and Sherborn:
“Opportunity is relative, of course, and in the MetroWest that doesn’t necessarily mean affordable. But if you’ve got the money, a million ain’t what it used to be — in these towns, it’s more. Consider the one-year change in values: Weston, -8.3 percent; Dover, -9.9 percent; Sherborn, -11.4 percent; and Wellesley, -16 percent. There are simply too many “shingle-style, Arts and Crafts–inspired” mega-manses on the market to be absorbed anywhere near list price, and more high-end properties in these towns will hit the market through foreclosure over the next year, predicts Weston resident and Metro Realty owner Mark Pearlstein. For those who have the cash, the law of supply and demand is in your favor.”
