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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 By the Numbers – February 2009 Somerville Real Estate Market

The Somerville Real Estate Numbers for February 2009

Somerville Massachusetts Real EstateIn Massachusetts it takes about six to eight weeks for a home sale from offer to closing.  So February real estate sales data reflects market activity from December and January.  Here’s the Somerville, MA sales info for February 2009:

183 residential properties were on the market in Somerville on February 28, 2009. The lowest priced property was listed for $149,900, the most expensive for $2,875,000. Average days on market was 183.

24 properties sold (closed) in Somerville during February with an average sales price of $487,181.  The median sales price was $414,000. Average days on market was 66.

Three single family sales closed in February – for $225,000, for $514,000, and $690,000.

Nine condominium sales closed in February. The least expensive condominium sold for $145,000.  The most expensive condo sold in February closed for $733,750.  The median condo sales price was $375,000.  The average days on market was 97.  Somerville condos sold for an average of 97% of list price.

Twelve multi-family property sales closed in February. The lowest sale price for a multi-family was $202,000.  The highest price paid was $595,000. The median sales price was $455,500. Multi-families sold for an average of 98% of list price.
Total Somerville closed residential real estate sales volume in February was $9,934,250.

Also see:  

Information based on residential sales data in MLSpin

Categories: Real Estate Market Info

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