Welcome to the Somerville Real Estate Report

Here’s the last of the monthly real estate reports with a quick look at Somerville real estate sales in July 2010.

Somerville Real Estate on the Market 

253 residential properties were listed for sale in Somerville in the MLS on July 31, 2010 for asking prices between $118,500 and $1,600,000.  Average days on market for these properties was 112. 

Somerville Real Estate Sales - July 2010

55 residential properties sold in Somerville in July with a median sales price of $449,900.  That’s  a third fewer properties than sold in July of last year.  The number of properties on the market at the end of the month, though, is unchanged from last year.  Many agents feel that if there were more properties available on the market there would be more sales.  We’re all working with buyers who haven’t been able to find what they want and would buy if they did.

7 Somerville single family houses sold in July for prices between $239,000 and $800,000.  The median sales price was $311,000.  On average, houses sold for 98% of asking price. 

29 condos sold in Somerville last month for prices from $155,000 to $760,000.  These condominiums were on the market an average of 69 days. The median condo sales price was $345,200.  On average, condos sold for 97% of the asking price.

19 multi-family houses sold during July for prices from $274,000 to $779,000. The median sales price was $595,000. On average, multi-families sold for 98% of the list price and were on the market 62 days.

Total value of Somerville real estate sales in July 2010 was $24,868,500.

See also:

Somerville Homes Sold in June 2010

Info about Somerville real estate sales in July 2010 from MLSpin

Welcome to the Somerville Real Estate Report

Here’s the last of the monthly real estate reports with a quick look back at Somerville homes sold in June 2010.

Somerville Real Estate on the Market 

281 residential properties were listed for sale in Somerville in the MLS on June 30, 2010 for asking prices between $118,500 and $1,600,000.  Average days on market for these properties was 107. 

Somerville Homes Sold in June 2010

99 residential properties sold in Somerville in June with a median sales price of $390,000.  That’s  an increase of more than 50% over last year’s sales in June when just 65 homes sold.  It seems that Somerville real estate buyers took advantage of the home buyer credit.  It will be interesting to see if sales in the next few months lag behind last year’s numbers since some have suggested that the credit simply pushed sales into the earlier part of the year.

13 Somerville single family houses sold last month for prices between $282,000 and $975,000.  The median sales price was $480,000.  On average, houses sold for 100% asking price with sale prices ranging from 97% to 106% of the list price. 

It was a good month for condo sales – 68 condos sold in Somerville during June for prices from $210,000 to $765,000.  These condominiums were on the market an average of 50 days. The median condo sales price was $372,000.  On average, condos sold for 98% of the asking price.

18 multi-family houses sold during June for prices from $316,000 to $940,000. The median sales price was $508,000. On average, multi-families sold for 98% of the list price and were on the market 78 days.

Total value of Somerville homes sold in June 2010 was $44,114,200.

See also:

Somerville Real Estate Sold in May 2010

Info about Somerville homes sold in June 2010 from MLSpin

Welcome to the Somerville Real Estate Report

Here’s the last of the monthly real estate reports with a quick look at the Somerville real estate sold in May 2010.

Somerville Real Estate on the Market 

271 residential properties were listed for sale in Somerville in the MLS on May 31, 2010 for asking prices between $159,000 and $1,600,000.  Average days on market for these properties was 98. 

Somerville Real Estate Sold in May 2010

65 residential properties sold in Somerville in May.  The median sales price last month was $370,000.

4 Somerville single family houses sold last month for prices between $235,000 and $756,000.  The median sales price was $457,450.  Three of the four sold for over the asking price. 

38 condos sold in Somerville during May for prices from $150,000 to $660,000.  These condominiums were on the market an average of 77 days. The median condo sales price was $312,250.  On average, condos sold for 98% of the asking price.

It was a big month for multi-family sales - 23 multi-families sold during May for prices from $252,000 to $765,000. The median sales price was $485,000. On average, multi-families sold for 96% of the list price and were on the market 96 days.

Total value of Somerville real estate sold in May 2010 was $25,858,632.

See also:

Somerville Real Estate Market  April 2010

Info about Somerville real estate sold in May 2010 from MLSpin

Asian Longhorned Beetle Presentation      All of the downed trees from Sunday’s wild storm remind me of how important urban trees are to our daily happiness.

It seems that the enemies of trees are growing in number – foes of longstanding like lightning and wind are joined by homeowners who don’t like to pick up branches or are afraid of the trees in their yard.  I cringe when I hear the sound of a saw in the neighborhood – fearing that another tree is about to be felled.

Add the Asian Longhorned Beetle to the list of things we tree huggers have to worry about.

On Wednesday night the Somerville Garden Club is sponsoring a presentation by horticulturist Debra Elson on the Asian Longhorned Beetle and other pests that damage or kill trees.

A video, “Lurking In the Trees”, about the devastation the beetle caused in Worcester will be shown.  Elson will also discuss the Hemlock Wooly Adelgid, Winter Moth, Eastern Tent Caterpillar, and Gypsy Moth Caterpillar.

The Somerville Garden Club meeting and Asian Longhorned Beetle presentation is scheduled for

Wednesday, June 9, 2010 at 7 pm

At the Tufts Administration Building, 167 Holland St, Somerville (between Davis Square & Teele Square) on the 2nd floor

Free and open to the public

Welcome to the Somerville Real Estate Market Report

Here’s the last of this month’s real estate roundups – a look at the Somerville real estate market in April 2010.

Real Estate on the Market in Somerville

300 residential properties were listed for sale in Somerville in the MLS on April 30, 2010 priced between $169,000 and $1,500,000.  Properties had been on the market an average of 91 days. 

Somerville Real Estate Sales in April 2010

49 residential properties sold in Somerville in April.  The median sales price was $365,000.

7 Somerville single family houses sold last month for prices between $365,000 and $933,000.  The median sales price was $540,000.  Houses had been on the market an average of 124 days and sold for an average of 98% of asking price. 

36 condominiums sold in Somerville during April for prices from $210,000 to $590,000.  Condos were on the market an average of 73 days. The median condo sales price was $330,000.  On average, condominiums sold for 98% of the list price.

6 multi-families sold during April for prices from $248,000 to $599,000. The median sales price was $427,750. On average, multi-families sold for 99% of the asking price and were on the market 83 days.

Total value of Somerville real estate sold in April 2010 was $19,205,400.

See also:

Somerville Home Sales in March 2010

Somerville real estate market info from MLSpin

Somerville Open Studios - Artist Exhibiting on Meacham Street

Somerville Open Studios   The weather’s supposed to be great tomorrow – perfect for hitting the streets and taking in Open Studios in Somerville.

There’s a lot to see over the two days – over 300 artists in more than 100 locations will invite people into their studios and homes.

Trolleys will be running around the city to transport visitors.

SOS booklets with maps and information about the artists are available around the city. We’ve got a stash at my office – stop by Coldwell Banker at 171 Huron Ave in Cambridge to pick up yours.

Somerville Open Studios – Saturday and Sunday, May 1 and 2, 2010, noon to 6 pm

 Want more?  Check out the schedule for upcoming open studios in Massachusetts.

Residents of the Somerville Home, a retirement home on Summer Street in Somerville, have been writing their life stories and memoirs in a class funded by the Somerville Arts Council.

On Wednesday, May 5, 2010 residents will will read from their work in an event that is free and open to the public.  The evening will be hosted by workshop leader and Somerville writer, Cam Terwilliger.  Free refreshments will be served.

From the time I was little I’ve always been fascinated by older people’s stories so I’m really looking forward to this.

The reading is scheduled for Wednesday, May 5, 2010 from 6:30 to 7:30 pm.

The Somerville Home is located at 117 Summer Street, Somerville, MA 02143

Mark your calendars! See you at the Somerville Home!

Welcome to the Somerville Home Sales Report

Here’s a look at Somerville home sales during March 2010.

Homes for Sale in Somerville

264 residential properties were listed for sale in Somerville in the MLS on March 31, 2010 priced between $0 (yes – that’s zero – it’s a multi-family scheduled to be auctioned on April 16th) and $1,850,000.  Properties had been on the market an average of 108 days. 

Somerville Real Estate Sales in March 2010

52 residential properties sold in Somerville in March.  The median sales price in March 2010 was $385,000.

6 Somerville single family houses sold in March for prices between $306,000 and $463,000.  The median sales price was $344,200.  Houses had been on the market an average of 113 days and sold for an average of 98% of asking price. 

35 condos sold in Somerville during March for prices from $150,000 to $740,000.  Condos were on the market an average of 135 days. The median sales price was $345,000.  On average, condominiums sold for 97% of the asking price.

11 multi-family properties sold during March for prices from $280,000 to $615,000. The median sales price was $559,000. On average, multi-families sold for 103% of list price and were on the market 52 days.

Total value of Somerville real estate sold in March 2010 was $20,839,000.

Somerville home sales info from MLSpin