Centers And Squares » Somerville

Somerville Real Estate Sales – January 2010

Elizabeth Bolton — Fri, 12 Feb 2010 03:56:56 +0000

Welcome to the Somerville Real Estate Sales Report

Here’s a look at Somerville real estate sales during January 2010.

Homes for Sale in Somerville

186 residential properties were listed for sale in Somerville in the MLS on January 31, 2010 priced between $176,900 and $1,684,133. Properties had been on the market an average of 146 days.

Somerville Real Estate Sales in Jan. 2010

30 residential properties sold in Somerville in January 2010. This is an increase of 88% over January 2009 sales when 16 properties sold in Somerville. The median sales price in January 2010 was $357,500.

4 Somerville single family houses sold in January priced between $217,000 and $380,000. The median sales price was $335,000. Houses had been on the market an average of 40 days and sold for an average of 96% of asking price.

17 condos sold in Somerville in January for prices from $173,000 to $480,000. Condos were on the market an average of 102 days. The median sales price was $345,000. Condominiums sold for 99% of the asking price on average.

9 multi-family homes sold during January for prices from $260,100 to $528,000. The median sales price was $385,000. On average, multi-unit houses sold for 103% of list price and were on the market 83 days.

Total value of Somerville real estate sold in January 2010 was $10,560,100.

Somerville real estate sales info from MLSpin

Somerville Snow Emergency Tickets

Elizabeth Bolton — Thu, 11 Feb 2010 04:58:51 +0000

Somerville Traffic and Parking Office - Apply for your snow emergency ticket waiver here

Somerville Snow Emergency Tickets Cambridge real estate agents from Coldwell Banker tour our offices’ new listings every Wednesday. Today, despite the dire forecasts, we had a dozen or more new listings to see in Cambridge and Somerville.

Well, as it turned out, there wasn’t a storm. In fact as we finished our tour it was 36 degrees and sprinkling.

Despite the clear streets the meter maids parking enforcement crews were out in force. While viewing a beautiful condo at the Park Street Lofts in Somerville several agents received tickets.

Despite the lack of snow, despite the fact that there was no mention of snow emergency restrictions on the parking signs, and despite the fact that the cars were parked for less than ten minutes – perhaps less than five – several agents returned to find $100 tickets on their windshields. That’s right – $100!!

Somerville Waives Snow Emergency Tickets

Somerville’s made the news before for excessively aggressive tagging and towing in advance of storms that never materialized. I imagine they got complaints today – or perhaps the writing was on the wall and they decided to do the right thing.

Mayor Curtatone has announced an abatement program for snow emergency tickets issued today, Feb. 10, 2010, for the storm that wasn’t. The snow emergency was lifted at 6 pm.

To receive an abatement for your snow emergency Somerville ticket you’ll need to pay a visit to the Traffic and Parking office at 133 Holland Street or to City Hall on Highland Ave. If your car was towed only the portion of the tow charge that goes to the City will be refunded.

Somerville Real Estate Market 2009 and 2008

Elizabeth Bolton — Mon, 18 Jan 2010 22:55:44 +0000

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.

Somerville homes sold info from MLSpin

Somerville Homes Sold – November 2009

Elizabeth Bolton — Fri, 11 Dec 2009 04:47:08 +0000

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.

Somerville homes sold info from MLSpin

Somerville Christmas Lights Tour

Elizabeth Bolton — Thu, 03 Dec 2009 02:22:23 +0000

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.

Maps of the route are available for purchase for $3 at:

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

Elizabeth Bolton — Thu, 05 Nov 2009 04:38:49 +0000

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.

Somerville homes sold info from MLSpin

Home Sales in Somerville MA – September 2009

Elizabeth Bolton — Mon, 05 Oct 2009 02:48:17 +0000

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.

Backyard Retreat – And A Condo Comes With It

Elizabeth Bolton — Mon, 14 Sep 2009 02:37:30 +0000

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

Just as I try to soak in organizing skills when I’m in a really well organized home, I try to drink in this lush landscape hoping that someday I’ll be able to create something as lovely.

It’s no small amount of skill required to landscape this well. The different types of greenery, the varying heights, the density, the timing of it all – I’m in awe and absolutely in love with this backyard oasis.

How to get my fairly plain backyard to look like this? I gaze and gaze, seeking the secrets. In the city we treasure our outdoor spaces but few look as inviting as this.

Such a lovely place to come home to – and it comes with a two bedroom, two bath condo – can’t forget that! 65 Newbury Street is close to Teele Square and listed for $469,000. Call me at 617-504-1737 if you’d like to take a look – inside and out.