Centers And Squares
Welcome to Centers and Squares
As a Cambridge real estate agent, the city squares of Cambridge, Somerville and Medford and the town centers of Arlington, Watertown and Belmont, Massachusetts are my home turf. And as a lifelong New Englander who’s lived within twenty miles of Boston most of my life, I can introduce you to other nearby towns as we search for your new home. If you’re planning to sell your home in Cambridge, MA or nearby you’ll find plenty of info about the home selling process here too. Questions? Send me an email or call me at 617-504-1737.
Somerville Two-Bedroom Condos – Condominiums In Somerville MA
Many Somerville Condos Are in Three-Families
In the real estate market in Cambridge and Somerville, condos are often the best option for first time homebuyers. In Cambridge the average sales price for a single family home in the last 12 months was $1,140,675 – well out of range for first time buyers. In Somerville, during the last twelve months single family houses sold for an average of $434,626. Somerville real estate buyers, however, will find that condos are in better condition, are usually more updated, or in a better location than a similarly priced house in Somerville.
The 2009 Two-Bedroom Condo Market in Somerville MA
Many first time buyers are looking for a two-bedroom condominium. Since January 1, 2009:
- 19 two-bedroom condos sold in Somerville
- Average sale price of a two-bedroom condo: $410,983
- Median sale price of a two-bedroom condo: $403,000
- Average price per square foot: $325
- Two-bedroom Somerville condos sold on average for 97% of asking price
Sale prices of two bedroom condominiums sold in Somerville since the beginning of 2009 ranged from $265,000 to $639,500.
What You Get for The Money in 2009- Somerville Two-Bedroom Condos
For $265,000 a five room, two-bedroom, 1.5 bath, 1114 sq. ft. condo sold in East Somerville on Myrtle Street, not far from Union Square. The condo was a townhouse, part of an 18-unit association built in 1989. There was parking for two cars, an 80’s era kitchen, private patio, and finished basement. Seems like a good deal!
Right in the middle of the pack, for the median price of $403,000, a six room, two-bedroom, 1 bath condo sold on Electric Avenue (can’t you just hear the song in your head?) near Teele and Davis Square. This 1074 sq.ft. condo was on the first floor of three-family that had been renovated and converted to condominiums in 2003. The condo had central air conditioning and there was a garage space plus additional driveway parking.
The most expensive two-bedroom condominium sale in 2009 to date, was a beautiful six room, two-bedroom, two bath condo on the upper two floors of a two-family on Lexington Avenue between Davis and Porter Square that sold in January for $635,000. The house was built in 1900 and gut-renovated and converted to condos in 2004. The house backs up to the bike path. The 2097 sq. ft. condo had an open floor plan, granite and stainless steel kitchen, central air conditioning, a fireplace, several decks, in-unit laundry, and parking for two cars.
Two-Bedroom Condos – Real Estate Options in Somerville MA
Many Somerville condos will be found in converted two and three-family houses. Other units, townhouses and flats, will be found in larger condo buildings built in recent years or during the last boom in the 1980s. Somerville also has a number of loft condo buildings and one of the condos sold this year was a live/work loft for artists near Davis Square that sold for $585,000. Of the 19 condos that have sold since the start of the year:
- Two condos were in two-family houses
- Seven condos were in three-family houses
- Ten condos sold in larger complexes with 6 – 21 units
Last year there were 106 two-bedroom condos on the market in Somerville on April 22nd. Today there are 72 two-bedroom condos for sale in Somerville. Search for one here:
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