The terms lot and tract both describe an area of land. These two terms are not synonyms. Lot is used to discuss a legally defined piece of property or real estate. Every lot is not the same size, but the term is used when discussing a piece of land that is or will be owned and developed by a specific person. A tract of land is a general term, and can define a few acres, square miles or large identifiable area of land. A tract of land is an identifiable expanse of land.
Sales prices have depreciated 37.1% over the last 5 years in Malta. The average listing price for Malta homes for sale on Trulia was $323,574 for the week ending Sep 30, which represents a decline of 0.6%, or $2,075, compared to the prior week and a decline of 4.4%, or $14,937, compared to the week ending Sep 09.
Since a lot of the houses are rented by people, Worcester will have a lot of new residents coming in the future. Real estate in Worcester is on the rise, with listing prices increasing 7.6 percent year-over-year. The average listing price was $195,436 in last year and reached $210,358 in this year. In terms of inventory, the number of homes on the market decreased slightly last year by 0.6 percent, with 354 listings on the market in this year.