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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.

Somerville Homes Sold In June 2010

Welcome to the Somerville Real Estate Report

Welcome to the Somerville Real Estate Report

Here’s the last of the monthly real estate reports with a quick look back at Somerville homes sold in June 2010.

Somerville Real Estate on the Market 

281 residential properties were listed for sale in Somerville in the MLS on June 30, 2010 for asking prices between $118,500 and $1,600,000.  Average days on market for these properties was 107. 

Somerville Homes Sold in June 2010

99 residential properties sold in Somerville in June with a median sales price of $390,000.  That’s  an increase of more than 50% over last year’s sales in June when just 65 homes sold.  It seems that Somerville real estate buyers took advantage of the home buyer credit.  It will be interesting to see if sales in the next few months lag behind last year’s numbers since some have suggested that the credit simply pushed sales into the earlier part of the year.

13 Somerville single family houses sold last month for prices between $282,000 and $975,000.  The median sales price was $480,000.  On average, houses sold for 100% asking price with sale prices ranging from 97% to 106% of the list price. 

It was a good month for condo sales – 68 condos sold in Somerville during June for prices from $210,000 to $765,000.  These condominiums were on the market an average of 50 days. The median condo sales price was $372,000.  On average, condos sold for 98% of the asking price.

18 multi-family houses sold during June for prices from $316,000 to $940,000. The median sales price was $508,000. On average, multi-families sold for 98% of the list price and were on the market 78 days.

Total value of Somerville homes sold in June 2010 was $44,114,200.


See also:

Somerville Real Estate Sold in May 2010




Info about Somerville homes sold in June 2010 from MLSpin

Categories: Real Estate Market Info

  1. Paul Turcotte

    Great Stuff! I really enjoy reading these summaries.


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