Centers And Squares
Welcome to Centers and Squares
As a Cambridge real estate agent, the city squares of Cambridge, Somerville and Medford and the town centers of Arlington, Watertown and Belmont, Massachusetts are my home turf. And as a lifelong New Englander who’s lived within twenty miles of Boston most of my life, I can introduce you to other nearby towns as we search for your new home. If you’re planning to sell your home in Cambridge, MA or nearby you’ll find plenty of info about the home selling process here too. Questions? Send me an email or call me at 617-504-1737.
Belmont MA Home Sales In 2009 and 2008
Welcome to the Belmont Real Estate Year End Review
Here’s the annual review of Belmont MA Home Sales with numbers for 2009 and 2008. Sales info is pulled from the MLS, the Multiple Listing System.
Belmont MA real estate sales in 2009 bucked local trends. The number of residential properties sold in 2009 increased by more than 13%.
Condo sales (and condo sales prices) were essentially flat. The bulk of the increase in sales came through single family home sales – the number of single families sold in Belmont increased by well over 20% in 2009.
At the same time the median price for single family homes dipped by 6.5%. Part of this shift may be because a higher percentage of houses sold in 2008 consisted of homes sold for more than $1,000,000.
At the end of 2009 only 47 homes were on the market in Belmont, substantially fewer than at the end of 2008 when 71 homes were listed for sale.
Given the encouraging sales in Belmont and the low inventory (low inventory = less competition and more enthusiastic buyers) it’s a really good time to put your Belmont home on the market.
Belmont MA Real Estate Recap
Properties sold in Belmont:
- In 2009: 243 (+13.56%)
- In 2008: 214
Average days on market:
- 2009: 93 (-7.0%)
- 2008: 100
Total value of real estate sales:
- 2009: $152,079,929 (+6.89%)
- 2008: $142,278,688
Homes sold for:
- 2009: An average of 97% of asking price and a median price of $555,000 (-6.91%)
- 2008: An average of 97% of asking price and a median price of $596,195
Belmont Single Family Homes Sold
- 2009: 148 (+23.34%)
- 2008: 120
Lowest to highest prices for single family homes:
- 2009: $338,500 to $2,200,000
- 2008: $342,000 to $2,600,000
Median price of single family houses sold in Belmont:
- 2009: $648,500 (-6.52%)
- 2008: $693,725
On average, single families:
- In 2009: were on the market 94 days & sold for 97% of asking price
- In 2008: were on the market 81 days & sold for 96% of asking price
Belmont Condo Sales
- 2009: 66 (-2.95%)
- 2008: 68
Price range for condos:
- 2009: $205,000 to $1,305,375
- 2008: $190,000 to $1,185,000
Median price of Belmont condominiums sold:
- 2009: $366,000 (+1.11%)
- 2008: $362,000
On average, Belmont condos:
- In 2009: were on the market 106 days and sold for 97% of list price
- In 2008: were on the market 139 days and sold for 97% of list price
Belmont Multi-Family Sales
- 2009: 29 (+11.54%)
- 2008: 26
Price range for multi-family properties:
- 2009: $350,000 to $830,000
- 2008: $290,000 to $770,000
Median price of multi-family houses sold:
- 2009: $550,000 (-.68%)
- 2008: $553,750
On average, Belmont multi-families:
- In 2009: were on the market 62 days and sold for 96% of list price
- In 2008: were on the market 82 days and sold for 97% of list price
And here’s our last monthly report for 2009 – Belmont MA homes sold during December.
Homes On The Market in Belmont:
47 homes were listed for sale in Belmont on Dec. 31, 2009 for prices from $159,900 to $2,275,000. Homes had been on the market an average of 173 days.
Belmont MA December 2009 Home Sales:
19 homes sold in Belmont in the month of December. Properties had been on the market an average of 78 days and sold for an average of 97% of the asking price.
12 single family homes sold in December priced between $450,000 and $1,800,000. The median sales price was $708,500. Houses were on the market an average of 98 days and sold for an average of 96% of list price.
6 Belmont condos sold in Dec. 2009 for prices ranging from $265,000 to $465,000. The median sales price was $372,000. Condominiums sold for an average of 98% of asking price and were on the market an average of 50 days.
Just one multi-family house sold last month for $598,000.
Total value of Belmont MA Dec. 2009 real estate sales was $13,280,650.
Also see:
BELMONT MA REAL ESTATE SOLD IN NOV 2009
Data about Belmont MA real estate sales from MLSpin.
Leave a Reply
Copyright © 2008 - 2010 Centers And Squares Agent Login Design by Real Estate Tomato Powered by Tomato Real Estate Blogs
