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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 Real Estate Sales – July 2010

Welcome to the Somerville Real Estate Report

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

Categories: Real Estate Market Info

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