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Somerville Real Estate Market 2009 and 2008
Welcome to the Somerville Homes Sold Report
Here’s a look back at Somerville home sales in 2009 and 2008 followed by the monthly numbers for December 2009. Figures are for sales of properties listed on the MLS, the Multiple Listing System.
Somerville real estate sales bumped up modestly in 2009, with 4.5% more properties sold in 2009 than in 2008 and an equivalent increase in total dollar value of real estate sold.
The mix of properties did shift however. Single family sales dropped by more than 20% while condo sales and multi-family sales jumped. As with other towns we’ve looked at, the drop in single family sales was a result of fewer properties being listed for sale. While the median price was down for single families, those that sold did so more quickly on average and for sale prices closer to the sellers’ asking prices.
Somerville Real Estate Year In Review
Total properties sold in Somerville:
- In 2009: 578 (+4.53%)
- In 2008: 553
Average days on market:
- 2009: 87 (-20.19%)
- 2008: 109
Total value of real estate sales:
- 2009: $233,547,999 (+4.43%)
- 2008: $223,646,177
Properties sold for:
- 2009: An average of 97% of asking price and a median price of $381,000 (+1.6%)
- 2008: An average of 97% of asking price and a median price of $375,000
Somerville Single Family Sales
- 2009: 63 (-21.25%)
- 2008: 80
Price range for single family homes:
- 2009: $132,500 to $1,100,000
- 2008: $107,000 to $970,000
Median price of single family houses sold:
- 2009: $377,000 (-5.7%)
- 2008: $399,750
On average, single families:
- In 2009: were on the market 79 days & sold for 97% of asking price
- In 2008: were on the market 107 days & sold for 95% of asking price
Somerville Condo Sales
- 2009: 360 (+9.43%)
- 2008: 329
Price range for condos:
- 2009: $88,000 to $893,000
- 2008: $134,000 to $685,000
Median price of condominiums sold:
- 2009: $363,500 (-3.86%)
- 2008: $350,000
On average, Somerville condos:
- In 2009: were on the market 90 days and sold for 97% of list price
- In 2008: were on the market 105 days and sold for 97% of list price
Somerville Multi-Family Sales
- 2009: 155 (+7.64%)
- 2008: 144
Price range for multi-family properties:
- 2009: $202,000 to $1,000,000
- 2008: $180,000 to $1,150,000
Median price of multi-family houses sold:
- 2009: $465,000 (-.43%)
- 2008: $467,000
On average, Somerville multi-families:
- In 2009: were on the market 82 days and sold for 97% of list price
- In 2008: were on the market 119 days and sold for 97% of list price
Here’s are the last monthly Somerville real estate report for 2009 - Somerville Mass real estate sales in December 2009:
Homes On the Market in Somerville
175 Somerville homes were listed for sale in the MLS on Dec. 31, 2009 significantly fewer than were for sale one month before. Properties were priced between $148,900 and $1,684,133. Properties had been on the market an average of 161 days.
Somerville Homes Sold in December 2009
40 residential properties sold in Somerville in December 2009. The median sales price was $363,000.
4 Somerville single family houses sold in December priced between $285,000 and $845,000. The median sales price was $368,750. Houses had been on the market an average of 115 days and sold for an average of 92% of asking price.
31 condos sold in Somerville in December for prices from $144,000 and $879,000. Condos were on the market an average of 109 days. The median sales price was $350,000. Condominiums sold for 97% of the asking price on average.
5 multi-family homes sold during December for prices from $240,000 to $1,000,000. The median sales price in December was $450,500. On average, multi-unit houses sold for 100% of list price and were on the market 61 days.
Total value of Somerville homes sold in December was $15,761,400.
See Also:
November 2009 Somerville Real Estate Activity
Somerville homes sold info from MLSpin
Somerville Homes Sold – November 2009
Somerville Real Estate Report
Somerville homes sold in November 2009 were boosted by real estate buyers hoping to qualify for the first time homebuyer’s credit which had been scheduled to end at the end of the month. Here’s a look at the numbers.
Homes for Sale in Somerville
226 Somerville homes were listed for sale in the MLS on Nov. 30, 2009 priced between $148,900 and $1,684,133. Properties had been on the market an average of 139 days.
Somerville Homes Sold in November 2009
56 residential properties sold in Somerville in November 2009, an increase of more than 20% over last month’s sales The median sales price was $367,000.
9 Somerville single family houses sold in November priced between $262,000 and $758,000. The median sales price was $385,000. Houses had been on the market an average of 84 days and sold for an average of 97% of asking price.
31 condos sold in Somerville in November for prices from $173,500 and $650,000. Condos were on the market an average of 106 days. The median sales price was $315,000. Condominiums sold for 98% of the asking price on average.
16 multi-family homes sold during November for prices from $292,500 to $775,000. The median sales price in November was $483,000. On average, multi-unit houses sold for 100% of list price and were on the market 61 days.
Total value of Somerville homes sold in November was $21,903,800.
See Also:
October 2009 Somerville Real Estate Activity
Somerville homes sold info from MLSpin
Somerville Christmas Lights Tour
Don't Miss the Somerville Christmas Lights Tour
Tickets went on sale yesterday for the Somerville Arts Council’s annual Somerville Christmas Lights Tour. If you’ve never been on the Illuminations tour you’re in for a real treat. This year the tour takes place on Saturday, December 19, 2009.
Some of the houses in Somerville do it up for Christmas – completely over the top – and the Illuminations Holiday Tour takes you around by trolley car to see the best of the best.
The tour begins and ends at City Hall in Somerville at 93 Highland Avenue. Coffee, hot chocolate and cookies will be served at City Hall.
How to Buy Tickets for the Somerville Christmas Lights Tour
Edited to add on Dec. 18th – the tour is sold out but once that happens the map is put on sale and you can have a do-it-yourself tour of the Somerville lights.
- Blue Cloud Gallery, 713 Broadway in Ball Square, Somerville
- On the evening of the tour at City Hall, 93 Highland Ave. Sat., Dec. 19th, 4-9pm.
- And beginning on Monday, Dec. 21, at Magpie, 416 Highland Ave., in Davis Square
Ticket prices:
- $10 adults
- $5 children and seniors (12 and under / 60 and over)
The Blue Cloud Gallery, 713 Broadway, in Ball Square is the only place to purchase tickets.
Illuminations Holiday Tour of Somerville Lights
The tour takes about 45 minutes. Your tickets will be for a particular time slot and trolley. Three trolleys go out for every tour time.
Tour times are:
- 4:30 p.m.
- 5:00p.m.
- 5:45 p.m.
- 6:15 p.m.
- 7:00 p.m.
- 7:30 p.m.
- 8:15 p.m.
- 8:45 p.m.
- 9:15 p.m.
In case the weather is bad on the 19th the phone number to call is 617-635-6600 x2985 to find out about weather cancellation.
The Illuminations Tour of Somerville Christmas Lights is scheduled for Saturday evening, December 19, 2009 and leaves from Somerville City Hall at 93 Highland Ave.
Somerville Homes Sold In October 2009
Welcome to the Somerville Homes Sold Report
We just turned the clocks back and now it’s time for a look back - at Somerville homes sold in October 2009.
Homes for Sale in Somerville
On October 31, 2009, 250 Somerville homes were listed for sale in the MLS priced between $130,672 and $1,600,000. Properties had been on the market an average of 123 days.
Somerville Homes Sold in October 2009
46 residential properties sold in Somerville in October 2009. The median sales price was $400,000.
6 Somerville single family houses sold in October priced between $280,000 and $718,333. The median sales price was $415,000. These homes had been on the market an average of 75 days and sold for 97% of asking price on average.
29 condos sold in Somerville in October for prices from $145,000 and $890,000. Condominiums were on the market an average of 74 days and sold for an average price of $396,369. The median sales price was $365,000. On average condos sold for 97% of the asking price.
11 multi-family houses sold during October for prices from $335,000 to $574,400. The median sales price in October was $475,000. On average, multi-unit houses sold for 95% of list price and were on the market 79 days.
Total value of Somerville homes sold in October was $18,794,332.
See Also:
September 2009 Somerville Real Estate Activity
Somerville homes sold info from MLSpin
Home Sales in Somerville MA – September 2009
Somerville Massachusetts Home Sales
It’s that time of the month again – time for the wrap up of the month’s real estate activity – here’s a look at home sales in Somerville MA in September 2009.
Homes for Sale in Somerville
At the end of the month, 249 Somerville residential properties were listed for sale in the MLS priced between $144,900 and $1,600,000. Properties had been on the market an average of 120 days.
Homes Sold in Somerville in September 2009
43 residential properties sold in Somerville during September 2009, significantly fewer than closed the month before when 90 sales closed. September sales reflect properties that received accepted offers during the summer, traditionally a slower time of the year when fewer properties are listed for sale.
Just 2 single family homes sold in September – one for $486,600 and another for $615,000. These homes had been on the market an average of only 18 days.
28 condos sold in Somerville condos in September for prices from $145,000 and $893,000. Condominiums were on the market an average of 87 days and sold for an average price of $382,643. The median sales price was $365,500. On average condos sold for 97% of the asking price.
13 multi-families sold during September for prices from $328,800 to $870,000. The median sales price in September was $443,000. On average, multi-unit houses sold for 97% of list price and were on the market 77 days.
Total Somerville closed residential sales volume in September was $18,024,900.
See Also:
August 2009 Somerville Real Estate Activity
Backyard Retreat – And A Condo Comes With It
This is the beautifully landscaped patio behind my new listing, a condo at 65 Newbury Street in Somerville. It dazzles me to tell you the truth.
Landscaped Patio at 65 Newbury Street Somerville
Somerville Real Estate Market Activity in August 2009
Welcome to the Somerville Real Estate Report
Once a month we look back at the real estate market activity in Somerville. Here’s how it shaped up in August 2009.
Somerville Real Estate Market – Properties for Sale
217 residential properties were on the market in Somerville on August 31, 2009, 40 fewer than were for sale just one month ago. Properties were priced between $144,900 and $1,600,000. The average days on market was 122.
Somerville Real Estate Sales in August 2009
90 residential properties sold in Somerville during August 2009. The average sales price was $372,189. The median sales price was $349,450. Properties were on the market an average of 80 days.
9 single family homes sold in August for prices that ranged from $162,000 to $426,500. The median sales price was $335,000. Somerville single family homes sold in August for an average of 98% of list price. Average days on market was 56.
60 Somerville condos sold in August for sale prices between $145,000 and $700,000. The median condo sales price was $327,450. The average days on market was 75. In August condos sold for an average of 98% of the asking price.
21 multi-family properties sold in August for prices ranging from $220,000 to $685,000. The median sales price in August was $425,000. Multi-unit houses sold for an average of 98% of asking price. Average days on market was 102.
Total Somerville closed residential sales volume in August was $33,497,051.
See Also:
July 2009 Somerville Real Estate Activity
Information about Somerville real estate market activity from MLSPIN
If you’d like help with your Somerville real estate search please give me a call at 617-504-1737 or contact me by email.
Powderhouse Park in Somerville – Camera Obscura
Note: The camera obscura has been postponed due to the bad weather this weekend. Since tomorrow (Sunday the 30th) looks iffy too the camera obscura will be rescheduled for another weekend. Details to follow when available.
This Saturday the Powderhouse at Nathan Tufts Park in Somerville will be turned into a camera obscura by artist Annie Smidt.
Huh? What the heck is a camera obscura?
Tour in Powderhouse Park Somerville Mass
Latin for “dark room”, the term is used to describe the phenomenon in which light coming through a very small hole into a dark box or room casts an upside down image on the opposite wall.
Knowledge of this phenomenon dates to the 5th Century BC. Mentioned by Aristotle and by da Vinci, the camera obscura, a term first used by Kepler in the early 1600s, eventually led to the development of photography.
The event this Saturday is reminiscent of the cameras obscura that could be find in parks and resorts in the late 1800s and early 1900s to amuse and fascinate tourists.
On Saturday, Smidt will turn the Powderhouse into a giant camera and take photographs of visitors to the park. Visitors will also be allowed inside the powderhouse to see how the process works.
When: Saturday, August 29, 2009 from 1 to 4 pm
Where: Nathan Tufts Park at the Powderhouse Rotary in Somerville MA
Raindate: Sunday, August 30, 2009 from 1 to 4 pm
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