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Watertown MA Real Estate Market Report – July 2009

Welcome to the Watertown Real Estate Roundup

Welcome to the Watertown Real Estate Roundup

Here’s a quick look back at the Watertown real estate market in July 2009.  

Homes on the Market

123 residential properties were listed for sale in Watertown on July 31, 2009.    Asking prices ranged from $179,900 to $1,395,000.  Average days on market was 124. 

Watertown Real Estate Sales in July 2009

47 residential properties sales closed in Watertown in July up from 32 in June.  The average sales price was $374,085.  The median sales price was $336,000. Average days on market was 63.
 
10 Watertown single family homes sold in July.  The lowest priced single family sale was $333,000.  The highest price paid for a Watertown single family in July was $598,000.  The median sales price was $437,000.  Single family homes in Watertown sold for an average of 95% of asking price and were on the market an average of 55 days.
 
30 Watertown condos sold in July for prices between $190,000 and $550,000.  The median condominium sales price was $292,500.  Condos sold for an average of 97% of the asking price and were on the market an average of 53 days.
 
7 multi-family properties sold in July for prices from $406,000 to $723,000.  The multi-family houses sold for an average of 96% of the list price.  The average days on market was 115. 

Total Watertown residential real estate sales volume closed in July was $$17,582,000

See Also:

JUNE 2009 WATERTOWN REAL ESTATE MARKET

 

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Arlington MA Real Estate Sales in July 2009

Welcome to the Arlington MA Real Estate Report

Welcome to the Arlington MA Real Estate Report

The months pass so quickly!  Here’s a look at Arlington MA real estate sales in July 2009

Residential Properties Currently on the Market in Arlington Massachusetts

118 residential properties were on the market in Arlington on July 31, 2009 priced between $113,800 and $1,095,000. Average days on market was 69.

Arlington Real Estate Sales in July 2009

74 homes sold  in Arlington during July – a significant increase over June when 56 homes sales closed.  The average sales price in July was $455,851 and the median sales price was $432,400. The average days on market was 42.

43 Arlington single family homes sold in July for sale prices from $294,000 to $822,500.  The median price for a single family house sold in July was $521,000.  Average days on market was 40.  Houses sold for an average of 99% of list price.

29 condos sold in July for prices from $180,000 to $595,000.   The median price paid for a condo was $355,000.  Arlington condos sold for an average of 98% of the asking price.  Average days on market was 48.

multi-family property sales closed in July for $562,500 and $640,000.  The properties were on the market for 28 and 26 days respectively.

Total Arlington residential real estate sales volume closed in July was $33,733,000.

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ARLINGTON REAL ESTATE MARKET IN JUNE 2009

 

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Selling for Over Asking – Arlington Single Family Home Sales

Multiple Bids for Arlington MA Homes

Multiple Bids for Arlington MA Homes

It often takes buyers by surprise, particularly if they’re new to the Arlington real estate market, to find out that it’s not uncommon for Arlington MA single family homes to sell for over the asking price.

Arlington is very popular with real estate buyers and the market for single family homes can be very competitive. Open houses for newly listed houses are usually crowded. Often buyers have to be prepared to act quickly and to make a strong offer. Many times sellers will receive multiple offers.

Arlington Single Family Homes

Since we’ve reached the half-way mark in the year and come through the busy spring real estate market I thought it would be interesting to take a look at Arlington single family sales through June 30, 2009.

Between January 1, 2009 and June 30, 2009 in  Arlington:

  • 85 single family homes sold
  • Average asking price was $538,667
  • Average sales price was $525,626
  • Average days on market was 62

Arlington Single Family Sales For Over Asking Price

Wondering how often Arlington single family homes get multiple offers or sell for more than the asking price?  Here are the numbers for the first half of 2009:

21 of the 85 single families sold through June sold for more than list price or almost 1 in 4 houses.

The average asking price for these homes was $510,910.  The average sales price was $525,347.

I was curious to see how these sales tracked by school district:

  • Brackett – 7 of 21 over asking sales
  • Dallin – 5
  • Hardy – 2
  • Peirce – 2
  • Stratton – 2
  • Thompson – 2
  • Bishop – 1

But how much are Arlington real estate buyers paying over asking price? 

Here are the Arlington homes that sold for over asking price in the first half of 2009 with days on market (DOM), asking price and sales price:

Arlington Single Family Homes that Sold for More than Asking Price in the First Half of 2009

Arlington Single Family Homes that Sold for More than Asking Price in the First Half of 2009

 

For more information about real estate in Arlington MA check out Arlington Home Sales by School District

SEARCH THE MLS FOR ARLINGTON REAL ESTATE

 

Information about Arlington Single Family Homes that Sold for Over Asking Price from MLSpin

 

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Somerville Real Estate Market Activity – June 2009

Welcome to the Somerville Real Estate Market Report

Welcome to the Somerville Real Estate Market Report

Before the month gets away from me let’s take a look back at the Somerville real estate market in June 2009.

Somerville Real Estate Market – Homes for Sale

282 residential properties were on the market in Somerville on June 30, 2009 ranging in price from $1 to $1,600,000.  The average days on market was 107. 

And yes – that low price is $1.  It appears to be a marketing technique – a condo that was on the market for about six weeks, originally priced at $329,000 and reduced in incremental drops to $307,000 was repriced at $1 a couple of weeks ago.  The listing suggests that buyers can “put a true value” on the condo but also notes that if you “come in with a strong offer this condo could be yours”.  Clearly despite the teaser price the seller is still looking for a reasonable price however he or she defines that.  And incidentally, the lowest “real” asking price for a home in Somerville is $115,000.

Somerville Real Estate Sales in June 2009

64 Somerville houses sold during the month of June.  This was an increase of over 50% from May when 40 residential properties sold.  The average sales price was $408,145.  The median sales price was $381,500.  The average days on market was 79.

7 single family homes sold in June.  The least expensive house sold for $132,500 and the most expensive home sold for $802,000.  The median sales price was $340,000.  In June Somerville single family homes sold for an average of 96% of list price.  Average days on market was 117. 

42 Somerville condos sold in June. The least expensive condominium sold for $177,000.  The most expensive condo sale price  in June was $657,000.  The median condo sales price was $381,500.  The average days on market was 78.  Somerville condos sold in June for an average of 98% of list price.

15 multi-family properties sold in June for prices ranging from $215,000 to $859,000. The median sales price in June was $417,500. Multi-unit houses sold for an average of 95% of asking price.  Average days on market was 64.

Total Somerville closed residential sales volume in June was $26,121,300.

 See Also:

 May 2009 Somerville Real Estate Activity

 

somerville-ma-real-estate

 

Information about Somerville real estate market activity from MLSPIN

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The Arlington Real Estate Market in June 2009

Welcome the Arlington Real Estate Market Review

Welcome to the Arlington Real Estate Market Review

Now that the real estate sales figures are in let’s take a quick look at how the  Arlington MA real estate market fared in June 2009. 

Properties Currently on the Market in Arlington Massachusetts

129 residential properties were on the market in Arlington on June 30, 2009.  Homes were priced between $174,900 and $1,095,000. Average days on market was 73.

Arlington Real Estate Sales in June

June real estate sales in Arlington reflect properties where sellers accepted offers some six to eight weeks before the closing.

56 homes sold  in Arlington during June with an average sales price of $449,966 and a median sales price of $434,500. The average days on market was 61.

27 Arlington single family homes sold in June for sale prices from $365,000 to $822,000.  The median price for a single family house sold in June was $510,000.  Average days on market was 49.  Houses sold for an average of 99% of list price.

24 condos sold in June. The least expensive condominium sold for $142,500.  The most expensive Arlington condo sold in June for $645,000.  The median price paid for a condo was $345,050.  Arlington condos sold for an average of 98% of the asking price.  Condos were on the market for an average of 81 days.

multi-family properties sold during June.  Sale prices for multi-families ranged from $410,000 to $674,000.  Multi-families sold for an average of 99% of asking price and were on the market an average of 29 days.

Total Arlington residential real estate sales volume closed in June was $25,198,100.

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The Monthly Numbers – Cambridge Real Estate Market – June 2009

Cambridge Real Estate MarketJune is one of the busiest months for Cambridge real estate closings.  Here’s a look at Cambridge real estate sales in June 2009:  

Cambridge Real Estate Inventory

On June 30, 2009  there were 410 residential properties on the market in Cambridge MA. 

The least expensive property had an asking price of $199,500, the highest priced home was listed for sale at $4,850,000. Average days on market was 110.

It’s interesting to note that as I write, only eight days later, there are only 375 properties listed for sale in Cambridge.  Many properties have been going under agreement in the last couple of weeks – and few came on last week due to the holiday.  We may see an uptick in inventory this weekend – our weekly tour of new Coldwell Banker listings had at least eighteen properties on it this morning.

Cambridge Real Estate Sales during June 2009

95 residential property sales closed in Cambridge during June – an increase of more than 25% over May’s closings.  The average sales price was $522,081.  The median sales price was $418,000.  Average days on market was 75.

13 single family homes sold in June priced from $365,000 to $2,287,500.  Homes that sold had been on the market for an average of 70 days.  Houses sold for an average of 99% of asking price.

76 condos sold in June in Cambridge. The least expensive condo sold for $191,500.  The most expensive condo sales price was  $1,420,000.  The median condo sales price in June was $390,000.  Condominiums sold for an average of 97% of the asking price.  Average days on market was 77.

6 Cambridge multi-family houses sold in June 2009 for sale prices from $465,000 to $1,061,250. The median sales price was $897,500.  Average days on market was 51. 

Total closed residential real estate sales volume in Cambridge in June was $49,597,650.

Information from MLSpin.

For a look at last month’s numbers:

Click here for the May 2009 Cambridge Real Estate Market Report

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The Mid-Year Mark – Medford MA Real Estate Market Activity – June 2009

Medford MassachusettsHalf the year has flown by – here’s the sixth installment of Medford MA Real Estate Market reports.

Medford Real Estate – On Market Snapshot

On June 30, 2009 160 residential propertieswere on the market in Medford Massachusetts.   Asking prices ranged from $139,900 to $1,200,000. Average days on market was 112.  The median price of homes for sale in Medford was $354,450.

June 2009 Real Estate Sales in Medford MA

56 properties sold in Medford in June with an average sales price of $339,622.  The median sales price was $324,250. Average days on market was 79.  Homes sold for an average of 97% of asking price.

26 Medford single family homes sold in June.  The least expensive sale was for $259,300. The most expensive sale price was $539,000. The median sale price for a single family home was $350,500.  Average days on market was 70.  Homes sold for an average of 97% of asking price.

There were 20 condo sales in Medford in June. The least expensive price paid for a condo was $127,500.  The most expensive Medford condo sold in June for $488,500.  The median condominium sales price was $287,500.  Condominiums sold for an average of 96% of the asking price.  The average days on market was 103.

10 multi-families sold in June in Medford MA.  Multi-family homes sold for an average of 96% of list price. The lowest price paid for a multi-unit property was $270,000.  The highest sale price was $433,000. The median price paid was $340,000.   Average days on market was 55. 

Total Medford residential real estate sales volume closed in June was $19,018,811.

Also see:  
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Information about the Medford real estate market in June 2009 was based on data in MLSpin

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Belmont Real Estate Market Report – June 2009

Welcome to the Belmont Real Estate Market Report

Welcome to the Belmont Real Estate Market Report

It looks like we hit the sweet spot for real estate activity in Belmont Massachusetts.  There were significantly more real estate closings in June than in previous months in 2009.  Real estate sales reflect properties that went under agreement on average some six to eight weeks earlier.

Real Estate Inventory in Belmont MA:

102 homes were listed for sale in Belmont on June 30, 2009 priced from $209,000 to $2,395,000.  The average days on market was 159.

June Belmont Real Estate Sales:

35 houses sold  in Belmont during June – more than three times as many than closed in May. The average sales price was $668,671 and the median sales price was $579,000.    Average days on market was 74.  Houses sold for an average of 97% of list price. 

25 Belmont single family homes sold in June for prices ranging from $381,500 to $2,050,000.  The median sales price for a single family home was $725,000.  Average days on market was 80.  Single family houses in Belmont sold for an average of 97% of asking price in June.

6 Belmont condos sold in June.  Condominiums sold for prices from $280,000 to $497,500.  Average days on market was 75.  Condos sold for an average of 97% of asking price.

4 Belmont multi-family properties sold in June 2009 for prices between $460,000 and $610,000.  These properties had been on the market an average of just 36 days.

Total residential sales volume for June was $23,438,500.

Check out last month’s Belmont real estate activity here:

BELMONT REAL ESTATE MARKET IN MAY 2009

BELMONT MARKET REPORT FOR JULY 2009

 

belmont-real-estate-search1

 

 Data about Belmont real estate market activity for June 2009 data from MLSpin.

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