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.
Belmont MA Real Estate Market – January-October 2011
Welcome to the Belmont Real Estate Market Report
How is real estate doing in Belmont MA this year? While we pause for a bit for the holidays it’s a good time to look back to get a sense of the real estate market activity in Belmont this year with a look at the numbers for January through October 2011.
The numbers for the same period in 2010 are in parentheses for comparison.
On October 31, 2011, 79 properties were listed for sale in Belmont. That’s a drop of more than 11% from the same time last year when 89 properties were on the market.
The Belmont real estate market is healthier this year than last. Perhaps lower inventory has something to do with it but on average properties are selling more quickly – 67 average days on market this year vs. 109 last year, and the median price is up too: $634,500 vs. $626,500. Numbers of properties sold has increased by 10% over sales in the same period in 2010.
Residential Real Estate Sold in Belmont – Jan-Oct 2011 (2010)
- 234 properties sold (213)
- Average days on market = 67 (109)
- Properties sold for an average of 98% of asking price (97%)
- Median price of $634,500 ($626,500)
Belmont Single Family Sales – Jan-Oct 2011 (2010)
- Total sold: 125 (118 )
- Sale prices ranged from $400,000 – $2,675,000 ($320,000 – $2,731,377)
- Median price: $700,00 ($707,500)
- Average days on market: 51 (77)
- On average, houses sold for 98% of asking price (97% )
Belmont Condo Sales – Jan-Oct 2011 (2010)
- Total sold: 81 (72)
- Sale prices ranged from $145,000 – $1,337,500 ($166,000 – $1,100,000)
- Median price: $383,000 ($372,500)
- Average days on market: 95 (173)
- On average, condos sold for 98% of asking price (98%)
Belmont Multi-Family Sales – Jan-Oct 2011 (2010)
- Total sold: 28 (23)
- Sale prices ranged from $395,000 – $760,000 ($425,000 – $760,000)
- Median price: $562,500 ($587,000)
- Average days on market: 53 (73)
- On average, multi-unit houses sold for 98% of asking price (98% )
Info about the Belmont MA real estate market in 2011 (2010) from MLSpin
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