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Medford Homes Sold In June 2010
Welcome to the Medford Real Estate Report
Here’s a quick look back at Medford real estate sold in June 2010.
Medford Real Estate On the Market
On June 30, 2010 194 Medford homes were on the market priced between $159,900 and $1,300,000. Inventory level bears watching – that’s a significant increase – more than 20% – over this time last year when just 157 properties were listed for sale.
Medford Homes Sold In June 2010
51 homes sold in Medford during June 2010. The median sales price was $380,000. Properties had been on the market an average of 64 days and sold for an average of 99% of the list price. Medford didn’t seem to get a homebuyer credit bump this month – fewer houses sold this June than did in 2009 when 56 properties sold.
23 single family houses sold in June for sales prices between $170,000 and $535,000. The median sales price for a single family home was $382,000. Houses were on the market 56 days on average and sold for an average of 98% of the asking price.
21 condos sold in Medford last month priced between $178,000 and $490,000. The median condo sales price was $347,000. Condominiums sold for an average of 97% of the list price and were on the market an average of 78 days.
7 multi-family houses sold during June in Medford for $323,900 to $635,000. Six of the seven sold for between 96% and 101% of asking price. One two-family – a fixer-upper on Winthrop Street – sold for an eye popping 157% of asking price. The house sold for an even $500,000 after coming on the market with an asking price of $319,000. Difficult as it can be to believe, higher prices are often achieved when the asking price is set low.
Total value of Medford homes sold in June 2010 was $19,342,988.
Also see:
Medford Real Estate Sold In May 2010
SEARCH FOR PROPERTIES FOR SALE IN MEDFORD MASS
Information about the Medford homes sold in June 2010 from MLSpin
Medford Real Estate Sold In May 2010
Welcome to the Medford Real Estate Sold Report
Here’s a quick look back at the Medford real estate sold in May 2010. Keep in mind that sales that closed in May were properties that went under agreement on average 6 – 8 weeks before while it was possible to qualify for the homebuyer credit. May and June sales are likely to reflect a sizable bump from the credit.
Real Estate On the Market in Medford
On May 31, 2010 160 Medford properties were on the market priced between $180,000 and $859,000. These properties had been on the market an average of 106 days.
Medford Real Estate Sold In May 2010
40 homes sold in Medford during May 2010. The median sales price was $340,063. Properties had been on the market an average of 83 days and sold for an average of 97% of the asking price.
17 single family houses sold in May for sales prices between $245,000 and $515,000. The median sales price for a single family home was $338,000. Houses were on the market 78 days on average and sold for an average of 98% of the asking price.
20 condos sold in Medford last month priced between $168,000 and $459,000. The median condo sales price was $317,000. Condominiums sold for an average of 97% of the list price and were on the market an average of 89 days.
Just 3 multi-family houses sold during May in Medford for $399,000, $440,000 and $455,000. The properties sold for an average of 97% of asking price. Average days on market was 74.
Total value of Medford real estate sold in May was $13,767,325.
Also see:
Medford MA Real Estate Market - April 2010
SEARCH FOR PROPERTIES FOR SALE IN MEDFORD MASS
Information about the Medford real estate sold in May 2010 from MLSpin
Medford Real Estate Market – April 2010
Welcome to the Medford Real Estate Market Report
Here’sa quick look back at the Medford real estate market in April 2010.
On the Market in Medford
On April 30, 2010 170 Medford properties were on the market priced between $174,900 and $859,000. These properties have been on the market an average of 101 days.
Medford Real Estate Market - April 2010
45 properties sold in Medford during April 2010. The median sales price was $366,000. Homes had been on the market an average of 54 days and sold for an average of 98% of the list price.
19 single family homes sold in April for sales prices between $270,000 and $585,000. The median sales price for a single family home was $366,000. Houses were on the market 67 days on average and sold for an average of 97% of the list price.
15 condos sold in Medford last month priced between $157,500 and $416,000. The median condo sales price was $297,500. Condominiums sold for an average of 98% of the asking price and were on the market an average of only 44 days.
11 multi-family houses sold during April in Medford MA priced between $335,000 and $525,000. The median price was $430,000. Multi-families sold on average for 100% of asking price. Average days on market was 44.
Total value of Medford MA homes sold in April was $16,343,405.
Also see:
Medford MA Real Estate Sales - March 2010
SEARCH FOR PROPERTIES FOR SALE IN MEDFORD MASS
Information about the Medford real estate market in April 2010 from MLSpin
Trees In Bloom – Springtime In Medford
Trees In Bloom – Springtime In Medford For a brief time each spring Boston Ave in Medford is a magical sight.
I always wondered what kind of trees these are – they seem to be popular with the City and are planted all over town. Turns out they’re Bradford Pears and they line both sides of Boston Avenue in the Medford Hillside neighborhood.
When the trees blossom in spring they form a corridor of white flowers against the blue sky. Catch them before they’re gone!
White Flowering Trees on Boston Ave in Medford
Medford Home Sales – March 2010
Welcome to the Medford Home Sales Report
Here’s the monthly look back at Medford MA real estate activity in March 2010. I’m going to come back and adjust some of these numbers since I noticed one property that was entered with a sales price of $44,000 – me thinks that’s $440,000 and the numbers are off just a bit as a result.
Medford Homes On the Market
On March 31, 2010 175 Medford properties were on the market priced between $169,900 and $894,000. These properties have been on the market an average of 91 days.
Medford MA Homes Sold In March 2010
43 properties sold in Medford during March 2010. The median sales price was $320,000. Homes had been on the market an average of 90 days and sold for an average of 96% of the list price.
20 single family homes sold in March – an increase of 150% over February’s sales – for sales prices between $272,400 and $649,000. The median sales price for a single family home was $324,500. Houses were on the market an average of 117 days and sold for an average of 93% of asking price.
12 condos sold in Medford in March priced between $182,000 and $465,000. The median condo sales price was $300,000. Condominiums sold for an average of 97% of the list price and were on the market an average of 75 days.
11 multi-family houses sold during March in Medford MA priced between $272,000 and $580,000. The median price was $360,000. Multi-families sold for an average of 96% of asking price. Average days on market was 56.
Total value of Medford MA homes sold in March was $14,965,350.
Also see:
Medford MA Real Estate Sales - February 2010
SEARCH FOR PROPERTIES FOR SALE IN MEDFORD MASS
Information about Medford MA real estate sales in March 2010 from MLSpin
Medford Mass Real Estate Activity – February 2010
Welcome to the Medford MA Real Estate Sales Report
Here’s the monthly look back at Medford MA real estate activity in February 2010.
Medford Homes On the Market
On February 28, 2010 151 Medford properties were on the market priced between $164,500 to $894,000. Homes had been on the market an average of 103 days.
Medford MA Homes Sold In February 2010
22 properties sold in Medford during February 2010. The median sales price was $339,250. Homes had been on the market an average of 68 days and sold for an average of 96% of the list price.
8 single family homes sold in February for sales prices between $261,600 and $485,000. The median sales price for a single family home was $341,250. Houses were on the market an average of 107 days and sold for an average of 95% of asking price.
7 condos sold in Medford in February priced between $182,500 and $361,500. The median condo sales price was $250,000. Condominiums sold for an average of 97% of the asking price and were on the market an average of 62 days.
7 multi-family houses sold during February in Medford MA priced between $290,000 and $550,000. Multi-families sold for an average of 94% of asking price and on average were on the market for just 30 days.
Total value of Medford MA homes sold in February was $7,343,100.
Also see:
Medford MA Real Estate Sales – January 2010
SEARCH FOR PROPERTIES FOR SALE IN MEDFORD MASS
Information about Medford MA real estate sales in February 2010 from MLSpin
Medford MA Real Estate Sales – January 2010
Welcome to the Medford MA Real Estate Sales Report
Here’s a look back at Medford MA real estate sales in January 2010.
Medford Homes On the Market
On January 31, 2010 122 Medford homes were on the market priced between $169,900 to $894,000. Homes had been on the market an average of 122 days.
Medford MA Homes Sold - January 2010
25 properties sold in Medford during January 2010, an increase of more than 30% over January 2009 sales when 19 properties sold in Medford. The median sales price was $355,000. Homes had been on the market an average of 115 days and sold for an average of 96% of the asking price.
7 single family homes sold in January for prices between $300,000 and $440,000. The median sales price for a single family home was $361,827. Houses were on the market an average of 92 days and sold for an average of 96% of list price.
12 condos sold in Medford in January priced between $184,000 and $525,000. The median condo sales price was $275,250. Condominiums sold for an average of 96% of the asking price and were on the market an average of 77 days.
6 multi-family houses sold during January in Medford MA priced between $230,000 and $476,000. Multi-families sold for an average of 96% of asking price and on average were on the market for 220 days. That number is wildly skewed by one property - a short sale that had been on the market for 1,203 days. Other multi-families were sold after 10 to 36 days on the market.
Total value of Medford MA homes sold in January was $8,333,627.
Also see:
Medford MA Real Estate Sales in 2009 and 2008
SEARCH FOR PROPERTIES FOR SALE IN MEDFORD MASS
Information about Medford MA real estate sales in January 2010 from MLSpin
Medford MA Real Estate Market In 2009 and 2008
Welcome to the Medford MA Real Estate Wrap-up
Here’s a look back at Medford home sales in 2009 and 2008 followed by the monthly numbers for December 2009. Information is for sales of properties listed on the MLS, the Multiple Listing System.
There was a slight uptick in total properties sold in Medford in 2009. But there’s more behind those numbers.
During 2009 the number of single family homes sold decreased by 9%. This was not a matter of poor single family sales – in fact, singles sold for 98% of asking price on average in 2009, versus 96% of list price in 2008. The reason there were fewer sales (and the reason why sellers were able to get offers closer to their asking price) was that fewer single family houses were put on the market. That is quite evident when the numbers of single families that failed to sell during a listing period are compared – 152 in 2008 and only 83 in 2009.
Medford homeowners thinking of putting their home on the market should consider listing their home soon. The spring market promises to be early this yearbecause the homebuyer credit requires that the buyer have a property under agreement by April 30, 2010. Inventory going into the new year is waaay down from the year before – 38% fewer properties were on the market on Dec. 31st, 2009 than one year before. Less competition means it will be easier to sell your home.
The increase in the number of Medford properties sold this year was largely a result of a sizable increase in numbers of condos sold – condos sales increased by 25% over 2008 sales. When I saw that large an increase I took a closer look, wondering if it was a matter of new condo projects selling. That doesn’t seem to be the case – there were condos in new projects selling in 2008 and in 2009 and the numbers sold are fairly close. It seems that resale condos made up the increase instead.
At the same time, the median price of condos sold in 2009 fell by $20,000 or close to 7%. That may be in part a function of the mix of condos on the market since resale units usually sell for lower prices than the newly built condos.
In fact, the median price fell in all categories – single family houses, condos and multi-family houses. But at the same time, average days on market fell in all categories. It’s seemed for a while now that sellers have adjusted their expectations to current market conditions – pricing for today’s market and as a result, more sales are coming together. Thinking this will be the year you’ll become a homeowner? – it’s a great time to buy – realistic asking prices, low interest rates, and a homebuyer credit that puts cash in your pocket!
Medford Real Estate Year In Review
Total properties sold in Medford:
- In 2009: 485 (+1.9%)
- In 2008: 476
Average days on market:
- 2009: 90 (-19.65%)
- 2008: 112
Total value of real estate sales:
- 2009: $162,742,034 (-4.9%)
- 2008: $171,111,513
Properties sold for:
- 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
Medford Single Family Sales
- 2009: 204 (-8.93%)
- 2008: 224
Price range for single family homes:
- 2009: $105,000 to $753,800
- 2008: $130,000 to $842,275
Median price of single family houses sold:
- 2009: $340,000 (-4.63%)
- 2008: $356,500
On average, single families:
- In 2009: were on the market 71 days & sold for 98% of asking price
- In 2008: were on the market 90 days & sold for 96% of asking price
Medford Condo Sales
- 2009: 187 (+25.51%)
- 2008: 149
Price range for condos:
- 2009: $105,000 to $592,500
- 2008: $162,000 to $640,000
Median price of condominiums sold:
- 2009: $275,000 (-6.78%)
- 2008: $295,000
On average, Medford condos:
- In 2009: were on the market 105 days and sold for 96% of list price
- In 2008: were on the market 146 days and sold for 96% of list price
Medford Multi-Family Sales
- 2009: 94 (-8.74%)
- 2008: 103
Price range for multi-family properties:
- 2009: $245,000 to $632,500
- 2008: $265,000 to $638,000
Median price of multi-family houses sold:
- 2009: $382,000 (-.78%)
- 2008: $385,000
On average, Medford multi-families:
- In 2009: were on the market 98 days and sold for 98% of list price
- In 2008: were on the market 108 days and sold for 95% of list price
Here’s are the last monthly real estate report for 2009 – Medford Mass real estate sales in December 2009:
Homes On the Market in Medford MA
On December 31, 2009:
- 103 Medford homes were on the market
- Priced between $169,900 to $894,000.
- Average days on market - 141
Medford Mass Homes Sold - December 2009
- 35 properties sold in Medford in December
- Median sales price - $340,000
- Average days on market - 88
- Homes sold for an average of 98% of the list price
17 single family homes sold in December
- Sale prices: $217,000 to $601,600
- Median sales price for a single family home was $369,900
- Houses were on the market an average of 60 days
- Singles sold for an average of 98% of asking price
9 condos sold in Medford in December
- Sales prices: $177,400 - $370,000
- Median condo sales price: $255,000
- Condominiums sold for an average of 97% of the asking price
- Average days on market: 130
9 multi-family house sold in December in Medford MA
- Priced between $245,000 and $600,000
- Median sales price – $365,000
- Multi-families sold for an average of 98% of asking price
- Average days on market was 98
Total value of Medford MA homes sold in November was $12,287,270.
Also see:
Medford MA Real Estate Sales in November 2009
SEARCH FOR PROPERTIES FOR SALE IN MEDFORD MASS
Information about homes sold in Medford MA in December 2009 was based on data from MLSpin
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