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Medford MA Real Estate Market-2010-Year In Review
I’ve been doing quite a few market analyses for Medford homeowners recently so I’ve been looking forward to seeing how the real estate market did in Medford for the year. Here’s a review of 2010 real estate activity. The numbers from 2008 and 2009 are included for comparison. And if that’s not enough stats the monthly activity for December 2010 is included at the end of the post.
Overall, sales were down by 5% in Medford. The total dollar volume of sales was up ever so slightly.
The decrease in units sold was mainly due to fewer condominiums sold this year. Condo sales were down by more than 18%. The median price of condos sold, however, rose by 5%.
The increase in the median price of multi-families sold was even more dramatic – the median price rose by more than 10%.
Medford Real Estate Market – 2010 – Year In Review
Welcome to the Medford MA Real Estate Review
Total properties sold in Medford:
- In 2010: 460 (-5.16%)
- In 2009: 485 (+1.9%)
- In 2008: 476
Average days on market:
- 2010 76
- 2009: 90
- 2008: 112
Total value of real estate sales:
- 2010: $163,870,078 (+0.70%)
- 2009: $162,742,034 (-4.9%)
- 2008: $171,111,513
Properties sold for:
- 2010: An average of 97% of asking price and a median price of $345,000 (+6.16%)
- 2009: An average of 97% of asking price and a median price of $325,000 (-5.8%)
- 2008: An average of 96% of asking price and a median price of $345,000
Click here to continue reading about the Medford MA real estate market
How Do You Like the View?
View of the Mystic River and Boston Skyline
I swear that a beautiful view has a physical impact on our bodies – you can feel your body relax when you come across a beautiful vista.
Whenever we tour a condo or house with a wonderful view I snap photos. This one is from my new listing at Mystic River Park Condos in Medford. It’s one of my favorite buildings – very well run, with a glorious pool, 24 hour front desk coverage, and lots more.
This condo faces the Mystic River across the street with the Boston skyline visible beyond. At night the view in every direction is mesmerizing. In my mind I start thinking about where I would put my desk in the second bedroom to look at this view every day – but would I ever get any work done? Probably not!
Here’s more info about 3920 Mystic Valley Parkway Unit 701.
Medford MA Real Estate Market – Nov 2010
Welcome to the Medford Real Estate Report
Here’s how the Medford MA real estate market fared in November 2010.
Medford MA Real Estate On the Market
On November 30, 2010 171 Medford MA properties were on the market for asking prices from $134,995 to $1,300,000. That’s a significant increase – just over 40% – from last year at this time when 121 homes were listed for sale.
Medford MA Real Estate Market – November 2010
47 homes sold in Medford in November 2010. Properties sold had been on the market 80 days on average and sold for an average of 97% of the list price. The median sales price in November 2010 was $345,000.
21 single family houses sold in November for sales prices between $210,000 and $615,000. The median sales price for a single family house was $340,000. The houses that sold were on the market an average of 97 days and sold for an average of 98% of the seller’s asking price.
14 condos sold in Medford MA in November priced between $180,000 and $454,500. The median sales price was $286,000. Condominiums sold for an average of 96% of the list price and average days on market was 45.
12 multi-family properties sold last month for sales prices from $302,000 to $525,000. The median price paid was $416,000. Multi-families sold for an average of 97% of the asking price. Average days on market for these properties was 88.
Total value of Medford MA real estate market activity in November 2010 was $17,105,550.
Also see:
Medford MA Home Sales October 2010
SEARCH FOR PROPERTIES FOR SALE IN MEDFORD MASS
Information about the Medford MA real estate market in November 2010 from MLSpin
Medford MA Home Sales – October 2010
Welcome to the Medford Real Estate Report
Here are the monthly numbers with a quick look back at Medford MA home sales in October 2010.
Medford MA Real Estate On the Market
On October 31, 2010 199 Medford MA homes were on the market for asking prices from $134,995 to $1,300,000.
Medford MA Home Sales During October 2010
38 homes sold in Medford in October 2010. Homes sold had been on the market an average of 76 days and sold for an average of 95% of the asking price. The median sales price in October was $321,500.
16 single family homes sold in October 2010 for prices between $190,000 and $744,000. The median sales price for a single family home was $333,500. Average days on market was 78 and houses sold for an average of 94% of the asking price.
12 condos sold in Medford MA in October priced between $208,900 and $355,000. The median price paid was $292,500. Condominiums sold for an average of 96% of the asking price and average days on market for Medford condos that sold last month was 95.
10 multi-family houses sold last month for sales prices from $254,000 to $526,100. The median price paid was $401,500. Multi-families sold for an average of 96% of the asking price and were on the market an average of 49 days.
Total value of Medford home sales in October 2010 was $13,467,350.
Also see:
Medford Properties Sold In September 2010
SEARCH FOR PROPERTIES FOR SALE IN MEDFORD MASS
Information about Medford MA home sales in October 2010 from MLSpin
Medford Properties Sold in September 2010
Welcome to the Medford Real Estate Recap
Here’s a quick look back at Medford properties sold in September 2010.
Medford Real Estate On the Market
On September 30, 2010 223 residential properties were on the market in Medford priced between $159,900 and $1,300,000. That’s a 38% increase in properties for sale from this time last year at this time when just 138 homes were listed for sale.
Medford Properties Sold In September 2010
43 properties sold in Medford during September 2010 – that’s the second month to month increase in sales with an increase of more than 25% compared to August’s sales. The median sales price in September was $340,000. Properties that sold had been on the market an average of 77 days and sold for an average of 97% of the list price.
27 single family houses sold in September for sales prices between $132,000 and $555,000. The median sales price for a single family home was $340,000. Houses were on the market 77 days on average and sold for an average of 96% of the list price.
9 condos sold in Medford last month priced between $199,900 and $433,000. The median price was $255,000. Condominiums sold for an average of 98% of the list price and were on the market an average of 102 days.
7 multi-family houses sold during September for prices from $325,000 to $512,500. The median price paid was $460,000. Multi-families sold for an average of 97% of the asking price and were on the market an average of 48 days.
Total value of Medford properties sold in September 2010 was $14,732,097.
Also see:
Medford Home Sale Report August 2010
SEARCH FOR PROPERTIES FOR SALE IN MEDFORD MASS
Information about Medford properties sold in September 2010 from MLSpin
Medford Home Sale Report – August 2010
Welcome to the Medford Real Estate Review
Here’s a quick look back at Medford home sale activity in August 2010.
Medford Real Estate On the Market
On August 31, 2010 196 residential properties were on the market in Medford priced between $159,900 and $1,300,000. That’s a large increase in inventory over last year at this time when just 132 homes were listed for sale.
Medford Home Sale Activity - August 2010
34 properties sold in Medford during August 2010 – that’s an increase of more than 20% compared to July’s sales. The median sales price in August was $330,500. Properties that sold had been on the market an average of 72 days and sold for an average of 96% of the list price.
17 single family houses sold in August for sales prices between $209,000 and $529,900. The median sales price for a single family home was $375,000. Houses were on the market 42 days on average and sold for an average of 96% of the list price.
15 condos sold in Medford last month priced between $180,000 and $482,000. The median price was $283,000. Condominiums sold for an average of 96% of the list price and were on the market an average of 95 days.
Two multi-family houses sold during August for $450,000 to $600,000.
Total value of Medford home sales in August 2010 was $11,485,913.
Also see:
Medford Real Estate Sales In July 2010
SEARCH FOR PROPERTIES FOR SALE IN MEDFORD MASS
Information about Medford home sale activity in August 2010 from MLSpin
Medford Real Estate Sales – July 2010
Welcome to the Medford Real Estate Market Review
Here’s a quick look back at Medford real estate sales in July 2010.
Medford Real Estate On the Market
On July 31, 2010 188 residential properties were on the market in Medford priced between $159,900 and $1,300,000. Inventory levels continue to be high relative to last year when 33% fewer properties were listed for sale at this time of the year.
Medford Real Estate Sales – July 2010
28 properties sold in Medford during July 2010, a significant drop from 2009 when 47 homes sold in July. The median sales price in July 2010 was $400,000. Properties that sold had been on the market an average of just 35 days and sold for an average of 97% of the asking price.
16 single family houses sold in July for sales prices between $179,000 and $618,000. The median sales price for a single family home was $400,000. Houses were on the market 36 days on average and sold for an average of 96% of the list price.
6 condos sold in Medford last month priced between $200,000 and $463,000. The median condo sales price in July was $283,500. Condominiums sold for an average of 96% of the list price and were on the market an average of 31 days.
6 multi-family houses sold during July in Medford for prices from $345,000 to $555,000. These properties sold for an average of 101% of asking price and were on the market an average of 39 days.
Total value of Medford real estate sales in July 2010 was $10,919,060.
Also see:
Medford Homes Sold In June 2010
SEARCH FOR PROPERTIES FOR SALE IN MEDFORD MASS
Information about Medford real estate sales in July 2010 from MLSpin
Medford – Somerville Marker
Medford - Somerville Boundary Marker Near Tufts
Medford – Somerville Marker Often, when I drive up Curtis Street (or is it Winthrop?) I find myself wondering where the Medford-Somerville line is.
How many times did I drive past this granite post before realizing what is was?
On one side is carved an “M” for Medford – on the other an “S” for Somerville. Here is the line.
But what’s the “14″ carved on the side between the two?
The answer can be found in a 1915 issue of the Medford Historical Register. Turns out there are – or were – some 30 of these numbered granite posts, marking the boundaries of Medford. City law requires that municipal officials walk the boundaries – the “metes and bounds” – every five years.
The article describes a series of photographs of the granite markers, taken during a survey of Medford’s boundaries in 1888. I would love to see the photographs – perhaps the city has them or the Historical Society. What a perfect way to compare the city – then and now.
I’m going to be on the lookout for the other 29 granite posts. Let me know if you’ve seen them.
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