Word: vaux
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...been a rise in student buying in the past couple of years due to the tax advantages and possible resale value. The price of condos in Harvard Square range from $150,000 for a one-bedroom to a $1,000,000 or more for three or four bedrooms, Le Vaux estimated...
...Jean Le Vaux, former president of the Cambridge Council of Realtors and currently president of Le Vaux Realty, views the falling prices of condominiums more as a correction than a regression...
...Vaux said she is not surprised at the rapidly increasing interest in the Cambridge area. "People are anxious to get back to where the action is. There is a certain Cambridge mystique; people who have a sense of it don't want to live anywhere else," she said...
...Vaux said the demand is so great that itcannot be met in the most sought-after regions, sopeople are spilling over to other parts ofCambridge, and even into the outer areas of town,she added...
Real estate developer Anton J. Finelli, ofStuart Ward Associates, agrees with Le Vaux andsaid that there is an increasing demand fordeveloping property away from the city. Thisgrowth, said Finelli, can strengthen the localeconomy. "It is like a shot in the arm for localsocial culture, that comes from having a larger,more diverse population...