Belmont MA Real Estate Market 2010 - Year In Review | Centers And Squares

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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.

Belmont MA Real Estate Market 2010 – Year In Review

 Here’s the tally for sales in the Belmont MA real estate market in 2010 – our year in review post followed by the numbers for December 2010.

The Belmont real estate market was on the upswing in 2010.  Numbers of properties sold were up over 2009 and so were median prices. The number of condos sold increased dramatically – by more than 25% over 2009.

Belmont MA Real Estate Market In 2010 – Year In Review 

Total residential properties sold in Belmont:

Belmont MA Real Estate Report

Belmont MA Real Estate Report

Numbers in parentheses show the change from the year before

  • In 2010: 261  ( +7.41%)
  • In 2009: 243 (+13.56%)
  • In 2008: 214

Average days on market for Belmont real estate:

  • 2010: 104
  • 2009: 93
  • 2008: 100

Total value of Belmont MA real estate sales:

  • 2010: $169,907,968 (+11.73%)
  • 2009: $152,079,929 (+6.89%)
  • 2008: $142,278,688

Properties sold for:

  • 2010: 97% of asking price on average. The median price was $620,000 (+12.00%)
  • 2009: 97% of asking price on average. The median price was $555,000 (-6.91%)
  • 2008: 97% of asking price on average. The median price was $596,195

Belmont Annual Single Family Sales

  • 2010: 145 (-2.03%)
  • 2009: 148 (+23.34%)
  • 2008: 120

Lowest to highest prices for single family homes in Belmont:

  • 2010: $320,000 to $2,731,377
  • 2009: $338,500 to $2,200,000
  • 2008: $342,000 to $2,600,000

Median price of single family houses sold:

  • 2010: $701,000 (+8.10%)
  • 2009: $648,500 (-6.52%)
  • 2008: $693,725

Belmont single families:

  • In 2010: average days on market was 79. Houses sold for 97% of the asking price.
  • In 2009: average days on market was 94. Houses sold for 97% of the asking price.
  • In 2008: average days on market was 81. Houses sold for 96% of the asking price.

Belmont Condo Sales

  • 2010: 84 (+27.28%)
  • 2009: 66 (-2.95%)
  • 2008: 68

Price range for Belmont MA condos:

  • 2010: $166,000 to $1,100,000
  • 2009: $205,000 to $1,305,375
  • 2008: $190,000 to $1,185,000

Median price of condos sold in Belmont:

  • 2010: $376,250 (+2.81%)
  • 2009: $366,000 (+1.11%)
  • 2008: $362,000

On average, Belmont condominiums:

  • In 2010: average days on market was 161. Condos sold for 98% of list price.
  • In 2009: average days on market was 106. Condos sold for 97% of list price
  • In 2008: average days on market was 139, Condos sold for 97% of list price

 Belmont MA Multi-Family Sales

  • 2010:  32 (+10.35%)
  • 2009: 29 (+11.54%)
  • 2008: 26

Price range for multi-family properties:

  • 2010: $418,000 to $760,000
  • 2009: $350,000 to $830,000
  • 2008: $290,000 to $770,000

Median price of multi-family houses sold in Belmont:

  • 2010: $585,000 (+6.37%)
  • 2009: $550,000 (-00.68%)
  • 2008: $553,750

On average, Belmont MA multi-families:

  • In 2010: were on the market 65 days and sold for 98% of list price.
  • In 2009: were on the market 62 days and sold for 96% of list price
  • In 2008: were on the market 82 days and sold for 97% of list price

Belmont Real Estate for Sale

50 homes were on the market in Belmont, MA on the last day of 2010 priced between $164,900 and $2,650,000.  The inventory of properties for sale is typically at a low point at the end of the year.

Belmont Real Estate Market Activity December 2010

28 homes sold in Belmont in December 2010.  Properties sold for an average of 97% of the list price and had been on the market an average of 86 days.  

17 single family houses sold in December – almost twice as many as sold in November. Sale prices ranged from $350,000 to $1,350,000.  The median price was $701,000. Average days on market was 99.  Houses sold for an average of 96% of the asking price.

5 condos sold in Belmont MA in Dec. 2010  priced between $294,500 and $1,050,000.  The median price was $363,000.  Condominiums sold for an average of 98% of the list price and were on the market 75 days on average.

6 Belmont multi-family houses sold during December priced between $418,000 and $665,000.  Average days on market was 56 and these properties sold for an average of 96% of the asking price.

Total value of Belmont MA Real Estate Market Sales in December 2010 was $17,899,600

Also see:

Belmont MA Real Estate Market -November 2010

 

belmont-real-estate-search1

 

Info about the Belmont MA real estate market in 2010 is  from MLSpin.

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