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Cambridge Home Sales in 2009 and 2008
Cambridge Real Estate Year In Review
Here’s a look back at Cambridge home sales in 2009 and 2008 followed by the monthly numbers for December. All figures come from properties listed on the MLS, the Multiple Listing System.
The number of properties sold in Cambridge was down more than 8% and the dollar volume down just over 10%. However, the median price paid for Cambridge real estate barely budged and properties were on the market fewer days on average.
While there were increases in the number of Cambridge single families and multi-families sold, there were significantly fewer condos sold in Cambridge in 2009 than in 2008.
The decline in numbers of condos sold was not a matter of condos failing to sell – it was a function of fewer condominiums being listed for sale. In 2008 300 condos failed to sell while listed on the market (though the condos may have subsequently been relisted and sold) versus just 207 condos that “expired” in 2009.
With fewer properties from which to choose there are plenty of Cambridge real estate buyers who were unable to find the perfect place in 2009. If you’re thinking of selling Spring 2010 looks like a great time to put your home on the market.
Cambridge Real Estate Year In Review
Total properties sold in Cambridge:
- In 2009: 831 (-8.38%)
- In 2008: 907
Average days on market:
- 2009: 79 (-13.19)
- 2008: 91
Total value of real estate sales:
- 2009: $464,152,012 (-10.12%)
- 2008: $516,395,918
Properties sold for:
- 2009: An average of 97% of asking price and a median price of $440,000 (-.01%)
- 2008: An average of 97% of asking price and a median price of $444,000
Cambridge Single Family Sales
- 2009: 110 (+.92%)
- 2008: 109
Price range for single family homes:
- 2009: $260,000 to $4,850,000
- 2008: $240,000 to $4,921,500
Median price of single family houses sold:
- 2009: $761,250 (+.83%)
- 2008: $755,000
On average, single families:
- In 2009: were on the market 86 days & sold for 97% of asking price
- In 2008: were on the market 85 days & sold for 97% of asking price
Cambridge Condo Sales
- 2009: 666 (-10.97%)
- 2008: 748
Price range for condos:
- 2009: $172,500 to $1,990,000
- 2008: $150,000 to $2,800,000
Median price of condominiums sold:
- 2009: $415,000 (+.25%)
- 2008: $414,000
On average, Cambridge condos:
- In 2009: were on the market 78 days and sold for 97% of list price
- In 2008: were on the market 92 days and sold for 97% of list price
Cambridge Multi-Family Sales
- 2009: 55 (+10.0%)
- 2008: 50
Price range for multi-family properties:
- 2009: $352,351 to $1,095,000
- 2008: $340,000 to $1,450,000
Median price of multi-family houses sold:
- 2009: $695,000 (-7.46%)
- 2008: $751,000
On average, Cambridge multi-families:
- In 2009: were on the market 72 days and sold for 96% of list price
- In 2008: were on the market 98 days and sold for 95% of list price
Here are the end of the month numbers for Cambridge at the close of 2009:
Residential Properties On the Market In Cambridge
On December 31, 2009 there were 179 homes in Cambridge Mass. on the market. Asking prices ranged from $189,900 to $4,250,000. The median asking price was $499,900. Average days on market was 176.
Cambridge Home Sales – December 2009
52 home sales closed in Cambridge during December priced between $241,000 and $2,525,000. Homes were on the market an average of 85 days.
11 single family homes sold last month for prices ranging from $393,500 to $2,525,000. These houses had been on the market for an average of 110 days and sold on average for 95% of asking price. The median sales price was $1,015,000.
There were 38 condos sold in Cambridge during December for prices from $241,000 to $1,990,000. The median condo sales price was $490,000. Condominiums sold for an average of 97% of the list price and were on the market an average of 80 days.
3 multi-families sold last month for $357,000, $530,000 and $1,072,500. These properties sold for an average of 90% of asking price and were on the market an average of 58 days.
The total value of residential real estate sold in Cambridge during December 2009 was $35,676,900.
Information from MLSpin.
Last month’s numbers:
Nov 2009 Residential Real Estate Sales in Cambridge
SEARCH FOR CONDOS FOR SALE IN CAMBRIDGE
SEARCH FOR SINGLE FAMILY HOMES FOR SALE IN CAMBRIDGE
Belmont MA Home Sales In 2009 and 2008
Welcome to the Belmont Real Estate Year End Review
Here’s the annual review of Belmont MA Home Sales with numbers for 2009 and 2008. Sales info is pulled from the MLS, the Multiple Listing System.
Belmont MA real estate sales in 2009 bucked local trends. The number of residential properties sold in 2009 increased by more than 13%.
Condo sales (and condo sales prices) were essentially flat. The bulk of the increase in sales came through single family home sales – the number of single families sold in Belmont increased by well over 20% in 2009.
At the same time the median price for single family homes dipped by 6.5%. Part of this shift may be because a higher percentage of houses sold in 2008 consisted of homes sold for more than $1,000,000.
At the end of 2009 only 47 homes were on the market in Belmont, substantially fewer than at the end of 2008 when 71 homes were listed for sale.
Given the encouraging sales in Belmont and the low inventory (low inventory = less competition and more enthusiastic buyers) it’s a really good time to put your Belmont home on the market.
Belmont MA Real Estate Recap
Properties sold in Belmont:
- In 2009: 243 (+13.56%)
- In 2008: 214
Average days on market:
- 2009: 93 (-7.0%)
- 2008: 100
Total value of real estate sales:
- 2009: $152,079,929 (+6.89%)
- 2008: $142,278,688
Homes sold for:
- 2009: An average of 97% of asking price and a median price of $555,000 (-6.91%)
- 2008: An average of 97% of asking price and a median price of $596,195
Belmont Single Family Homes Sold
- 2009: 148 (+23.34%)
- 2008: 120
Lowest to highest prices for single family homes:
- 2009: $338,500 to $2,200,000
- 2008: $342,000 to $2,600,000
Median price of single family houses sold in Belmont:
- 2009: $648,500 (-6.52%)
- 2008: $693,725
On average, single families:
- In 2009: were on the market 94 days & sold for 97% of asking price
- In 2008: were on the market 81 days & sold for 96% of asking price
Belmont Condo Sales
- 2009: 66 (-2.95%)
- 2008: 68
Price range for condos:
- 2009: $205,000 to $1,305,375
- 2008: $190,000 to $1,185,000
Median price of Belmont condominiums sold:
- 2009: $366,000 (+1.11%)
- 2008: $362,000
On average, Belmont condos:
- In 2009: were on the market 106 days and sold for 97% of list price
- In 2008: were on the market 139 days and sold for 97% of list price
Belmont Multi-Family Sales
- 2009: 29 (+11.54%)
- 2008: 26
Price range for multi-family properties:
- 2009: $350,000 to $830,000
- 2008: $290,000 to $770,000
Median price of multi-family houses sold:
- 2009: $550,000 (-.68%)
- 2008: $553,750
On average, Belmont multi-families:
- 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
And here’s our last monthly report for 2009 – Belmont MA homes sold during December.
Homes On The Market in Belmont:
47 homes were listed for sale in Belmont on Dec. 31, 2009 for prices from $159,900 to $2,275,000. Homes had been on the market an average of 173 days.
Belmont MA December 2009 Home Sales:
19 homes sold in Belmont in the month of December. Properties had been on the market an average of 78 days and sold for an average of 97% of the asking price.
12 single family homes sold in December priced between $450,000 and $1,800,000. The median sales price was $708,500. Houses were on the market an average of 98 days and sold for an average of 96% of list price.
6 Belmont condos sold in Dec. 2009 for prices ranging from $265,000 to $465,000. The median sales price was $372,000. Condominiums sold for an average of 98% of asking price and were on the market an average of 50 days.
Just one multi-family house sold last month for $598,000.
Total value of Belmont MA Dec. 2009 real estate sales was $13,280,650.
Also see:
BELMONT MA REAL ESTATE SOLD IN NOV 2009
Data about Belmont MA real estate sales from MLSpin.
Watertown MA 2009 Real Estate Market Review
Welcome to the Watertown Real Estate Wrap-up
Watertown MA 2009 Real Estate Market Finally – the year has come to a close and it’s possible to do a year end wrap-up of the real estate market in Watertown. 2008 figures are included for comparison. The report includes sales that were listed in the MLS, the Multiple Listing System.
The percentage of year-to-year change is included in parentheses.
As you’ll see, fewer properties sold in Watertown in 2009 than in 2008 – more than 10% fewer. Was that because properties were harder to sell in 2009? The numbers seemed to suggest that wasn’t the case – on average properties sold a bit more quickly in 2009 and the spread between asking price and sale price didn’t change. The median sales price for Watertown properties barely budged..
Looking at the numbers of properties that failed to sell – that “expired” as we say, shows that more properties failed to sell in 2008 (120) than in 2009 (109).
It seems that the decline in numbers of properties sold occurred because fewer properties were listed for sale in 2009. Reasons why fewer properties were put on the market include sellers who are able to wait and think they’ll get more money for their home some time in the future and homeowners who are unable to sell at a price that works for them and choose to stay put or rent their home.
After the annual sales info you’ll find the stats for December 2009.
Total properties sold in Watertown:
- In 2009: 321 (-12.3%)
- In 2008: 366
Average days on market:
- 2009: 82
- 2008: 89
Total value of real estate sales:
- 2009: $122,196,592 (-17.34%)
- 2008: $147,822,196
Properties sold for:
- 2009: An average of 96% of asking price and a median price of $368,000 (-1.61%)
- 2008: An average of 96% of asking price and a median price of $374,000
Watertown Single Family Sales
- 2009: 79 (+5.34%)
- 2008: 75
Price range for single family homes:
- 2009: $260,000 to $967,500
- 2008: $280,000 to $1,577,000
Median price of single family houses sold:
- 2009: $415,000 (-.01%)
- 2008: $419,000
On average, single families:
- In 2009: were on the market 61 days and sold for 95% of list price
- In 2008: were on the market 82 days and sold for 96% of list price
Watertown Condo Sales
- 2009: 199 (-13.86%)
- 2008: 231
Price range for condos:
- 2009: $150,000 to $781,000
- 2008: $182,000 to $1,060,600
Median price of condominiums sold:
- 2009: $322,000 (-6.67%)
- 2008: $345,000
On average, Watertown condos:
- In 2009: were on the market 91 days and sold for 97% of list price
- In 2008: were on the market 84 days and sold for 97% of list price
Watertown Multi-Family Sales
- 2009: 43 (-28%)
- 2008: 60
Price range for multi-family properties:
- 2009: $310,000 to $723,000
- 2008: $335,000 to $2,400,000
Median price of multi-family houses sold:
- 2009: $445,000 (-6.8%)
- 2008: $477,500
On average, Watertown multi-families:
- In 2009: were on the market 75 days and sold for 96% of list price
- In 2008: were on the market 120 days and sold for 93% of list price
The December 2009 Stats
Watertown Homes on the Market
74 Watertown homes were listed for sale in the MLS on December 31, 2009 priced between $182,000 and $1,395,000. Average days on market was 172.
Watertown Home Sales – Dec. 2009
Total value of Watertown home sales closed in December was $8,702,400
See Also:
WATERTOWN REAL ESTATE SALES Nov. 2009
Info about Watertown real estate sales from MLSpin
Somerville Homes Sold – November 2009
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.
See Also:
October 2009 Somerville Real Estate Activity
Somerville homes sold info from MLSpin
Medford MA Homes Sold – November 2009
Welcome to the Medford Real Estate Report
Medford MA homes sold in November 2009 benefited from the boost created by buyers timing their real estate purchases to qualify for the first time homebuyers credit.
Medford Homes On the Market
On November 30, 2009 120 Medford homes were on the market priced between $179,000 to $894,000. Homes had been on the market an average of 121 days.
Medford MA Homes Sold – November 2009
52 properties sold in Medford in November, an increase of more than 25% over October’s closings. The median sales price was $318,250. Average days on market was 64 and homes sold for an average of 97% of the list price.
23 single family homes sold in November for sale prices from $188,000 to $547,000. The median sales price for a single family home was $340,000. Houses were on the market an average of 51 days and sold for an average of 97% of asking price.
23 condos sold in Medford in November priced between $170,000 and $450,000. The median condo sales price was $275,000. Condominiums sold for an average of 97% of the asking price and were on the market an average of 73 days.
6 multi-family house sold during November in Medford MA priced between $315,000 and $510,000. Multi-families sold for an average of 97% of asking price and on average were on the market for 83 days.
Total value of Medford MA homes sold in November was $17,412,950.
Also see:
Medford MA Real Estate Sales in October 2009
SEARCH FOR PROPERTIES FOR SALE IN MEDFORD MASS
Information about homes sold in Medford MA in October 2009 was based on data from MLSpin
Arlington MA Home Sales – November 2009
Arlington MA Home Sales Report
Arlington MA home sales in November were brisk – caused in no small part by buyers taking advantage of the homebuyers credit.
Arlington Homes On The Market
106 homes were listed for sale in Arlington MA on November 30, 2009 for asking prices from $159,000 to $1,499,000. Homes had been on the market an average of 95 days.
Arlington MA Home Sales – November 2009
52 homes sold in Arlington in November – an increase of more than 40% from the month before when 36 homes sold. The median price paid was $434,500. Homes sold on average for 98% of the asking price.
26 single families sold in November for prices between $330,000 and $901,346. The median sales price was $460,250. Houses were on the market an average of 35 days and sold on average for 99% of list price.
23 condos sold in Arlington MA last month for prices from $177,000 to $590,000. The median sales price was $340,500. Condominiums sold for an average of 97% of the asking price and were on the market an average of 51 days.
3 multi-family houses sold last month for $460,000, $555,000 and $563,500. Two of the houses were on the market less than a week and sold for over asking price.
Total value of Arlington MA home sales in November was $22,798,155.
SEARCH FOR ARLINGTON MASS REAL ESTATE
ARLINGTON MA HOMES SOLD IN OCTOBER 2009
Information about Arlington MA Home Sales from MLSpin
Homes In Cambridge Sold in November 2009
Welcome To The Homes Sales in Cambridge Report
Here’s a look back at homes in Cambridge sold in November 2009. The potential end of the first time homebuyer credit spurred sales and it was a busy month for Cambridge real estate sales. The homebuyer credit didn’t end after all and has been extended and expanded.
Homes In Cambridge On the Market – Nov. 30, 2009
On November 30, 2009 there were 260 homes in Cambridge Mass. on the market, significantly fewer than one month before when there were 316 homes for sale. Asking prices ranged from $175,000 to $4,250,000. The median asking price was $534,500. Average days on market was 152.
Homes In Cambridge Sold In November 2009
74 home sales closed in Cambridge during November, up from 53 in October, for sale prices between $220,000 and $4,220,000. Homes were on the market an average of 64 days.
10 single family homes sold last month for prices ranging from $289,000 to $4,220,000. These houses had been on the market for an average of 67 days and sold on average for 99% of asking price. The median sales price was $665,250.
59 condos sold in Cambridge during November, an increase of more than 60% over October’s Cambridge condo sales, for prices from $220,000 to $900,000. The median condo sales price was $420,000. Condominiums sold for an average of 97% of the list price. Average days on market was 64.
5 multi-families sold last month for prices between $485,000 and $880,000. These properties sold for an average of 95% of asking price and were on the market an average of 54 days.
The total value of residential real estate sold in Cambridge during November 2009 was $40,604,800.
Information from MLSpin.
Last month’s numbers:
October 2009 Cambridge Home Sales
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SEARCH FOR SINGLE FAMILY HOMES FOR SALE IN CAMBRIDGE
Belmont Homes Sold In Nov. 2009
Welcome to the Belmont MA Homes Sold Report
Here’s a look back at Belmont MA homes sold in the month of November 2009.
Belmont Homes On The Market:
87 homes were listed for sale in Belmont on November 30, 2009 for prices from $179,900 to $2,275,000. Homes had been on the market an average of 152 days.
Belmont MA Homes Sold in November 2009:
22 homes sold in Belmont in November. Properties had been on the market an average of 83 days and sold for an average of 97% of the asking price.
12 single family homes sold in November for prices from $455,000 to $1,495,000. The median sales price was $674,000. Houses were on the market an average of 60 days and sold for an average of 96% of list price.
7 Belmont condos sold in November 2009 for prices ranging from $205,000 to $620,000. The median price was $353,000. Condominiums sold for an average of 98% of asking price.
3 multi-family homes sold last month for $350,000, $550,000 and $698,000.
Total value of Belmont MA real estate sold in November was $13,274,130.
Also see:
BELMONT MA HOMES SOLD IN OCTOBER 2009
Data about Belmont MA real estate sales from MLSpin.
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