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Arlington By the Numbers – February 2009 Real Estate Sales in Arlington

The Arlington Real Estate Numbers for February 2009:

Arlington Massachusetts Real EstateReal estate sales in Massachusetts take about six to eight weeks on average from offer to close. The February sales data for Arlington, MA in February reflect real estate market activity in December and January.  Here are Arlington’s February numbers: 

91 properties were on the market in Arlington on February 28, 2009. The lowest priced property was listed for $137,500, the most expensive for $1,199,000. Average days on market was 103.

16 properties sold (closed) in Arlington during February with an average sales price of $539,256.  The median sales price was $515,000. Average days on market was 107.

7 Arlington single families sold in February.  The least expensive sale was for $340,000. The most expensive house sold for $1,009,597. The median price for a single family house was $575,000.  Average days on market was 168.  Houses sold for an average of 100% of asking price.

7 condominium sales closed in February. The least expensive condominium sold for $158,000.  The most expensive Arlington condo sold in February closed for $525,000.  The median condo sales price was $425,000.  Condos sold for an average of 96% of the asking price.

2 multi-family sales closed in February, one for $570,000 and one for $700,000. The two multi-families sold for an average of 95% of list price.  Average days on market was 18.

Total Arlington residential real estate sales volume closed in February was $8,628,097.

See also:  Arlington Real Estate Market Activity in January 2009

Information based on residential sales data in MLSpin.

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Belmont Real Estate Market Statistics – February 2009

The Belmont Real Estate Numbers for February 2009

Belmont Real Estate MarketClosed sales data reflect the sales activity from about two months ago because in Massachusetts a real estate transaction takes on average six to eight weeks from accepted offer to closing.  Here’s the closed sales info for February in Belmont:

77 residential properties were listed for sale in Belmont on February 28, 2009. The lowest priced property was listed for $295,000, the most expensive for $2,995,000. Average days on market was 175.

9 properties sold (closed) in Belmont during February with an average sales price of $619,242.  Average days on market was 225.

5 Belmont single family homes sold in February.  The least expensive sale was for $464,000. The highest price paid for a single family house in Belmont was $1,280,000. Average days on market was 243.

4 Belmont condos closed in February.  The lowest price paid for a condo was $315,000. The most expensive condominium sold this month for $547,500.  Average days on market was 204.

No multi-family sales closed in February.

Total Belmont residential real estate sales volume closed in February was $5,573,175.

Information based on residential sales data in MLSpin.

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Medford By The Numbers – The Medford Real Estate Market February 2009

The Medford Real Estate Numbers for February 2009:

Real Estate Sales in Medford MAFebruary sales figures reflect real estate activity in December and January since real estate transactions in Massachusetts typically take six to eight weeks from offer to closing.  Here are the numbers for Medford, MA in February:

149 residential properties were on the market in Medford on February 28, 2009. The lowest priced property was listed for $138,000, the most expensive for $995,000. Average days on market was 147.

23 properties sold (closed) in Medford during February with an average sales price of $344,952.  The median sales price was $380,650. Average days on market was 62. Properties sold for an average of 98% of asking price.

8 Medford single families homes sold in February.  The least expensive sale was for $210,000. The most expensive house sold for $575,000. The median price for a single family house was $317,500.  Average days on market was 91.  Houses sold for an average of 98% of asking price.

6 condominium sales closed in February. The least expensive condominium sold for $164,000.  The most expensive Medford condo sold in February closed for $462,500.  The median condo sales price was $278,500.  Condos sold for an average of 96% of the asking price.  Average days on market was 88.

9 multi-family sales closed in February. The lowest sale price for a multi-family home was $315,895.  The highest price paid was $420,000. The median sales price was $345,000. Multi-families sold for an average of 92% of list price.  Average days on market was 148. 

Total Medford residential real estate sales volume closed in February was $7,706,708.

Information based on residential sales data in MLSpin.

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Weekly Cambridge Real Estate Tour – New Listings in Cambridge and Somerville

The piles of snow made our weekly tour of new listings a bit of a challenge today.  Boots on, boots off, repeat.  But it was worth the hassle because we saw a lot of great properties – a dozen in all.  Here are some of the best new properties for sale :

Cambridge Concierge Buildings

View from the Esplanade Condo

View from the Esplanade Condo

Today we toured units in two of Cambridge’s premiere luxury buildings.  By coincidence both properties were actually two units combined to make one large condo or co-op.  At 1010 Memorial Drive we saw a three bedroom, three bath co-op with the amazing Charles River views that the building is known for.  At the Esplanade we saw a three bedroom three bath condo with a huge master suite on the 11th floor. The owners of the unit had bought pre-construction so the layout and features were unique in the building. This was our second property of the day with amazing river views.

Condo Buildings With Pools

If you’d like to take a dip after work, two of the condos we saw today fit the bill. The Esplanade has an indoor three-lane pool adjacent to the exercise room. We also saw a condo at 19 Chauncy Street in Harvard Square. That condo building has an outdoor pool.

Elevator Buildings

Many of the condos in Cambridge don’t have elevators but several of the properties we saw today were in elevator buildings. Since each is a modern building it’s not surprising that 19 Chauncy Street, 1010 Memorial Drive and the Esplanade all have elevators.  The Porter Square condo building that we toured was a surprise however.  This turn-of-the-century nine-unit building is not the type of property where you expect to find an elevator.  But the building was completely renovated several years ago and now you have the best of both worlds. This light-filled third floor two-bedroom has a deck, parking, central air, in-unit laundry and the convenience of an elevator.  If you like the architectural character of an older building, albeit one that has been thoroughly renovated, you won’t have to live without all the modern conveniences in this condo.

Large Cambridge Condos

It was a day for house-sized condominiums.  We saw two very attractive condos in older two-unit buildings. A Kirkland Village 3-4 bedroom condo near Harvard Square was beautiful.  Built-in bookcases everywhere, a fireplace, mudroom, back deck, and a super sunny third floor master bedroom suite. Another charming condo in mid-Cambridge was a townhouse-style six bedroom.  It was a lovely space – not mucked up but very liveable.  The kitchen was great – exposed brick, warm wood counters and cabinets, and large windows on two sides overlooking the backyard. At over 3500 sq. ft. the condo was larger than many houses.

Somerville Single Family in Ball Square

We saw a super single family house smack dab in the middle of Ball Square.  The house has nice original detail, four bedrooms, 1.5 baths, and a fenced yard. Walk out your door for breakfast at Kelly’s Diner or Soundbites.  At $595,000 the house is in the same price range as many condos.

If you want more information about any new listing remember – I’m only a phone call or email away!

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Watertown By The Numbers – Watertown Real Estate Market February 2009

The Watertown Real Estate Numbers for February 2009:

 
In Massachusetts it takes about six to eight weeks for a property sale to close from the time an offer is accepted. So February market data reflect sales activity from December and January.  Here’s the February 2009 Watertown market statistics:
 
Watertown Real Estate95 properties were on the market in Watertown on February 28, 2009. The lowest priced property was listed for $204,000, the most expensive for $1,395,000. Average days on market was 138.
 
12 residential properties sold (closed) in Watertown during February with an average sales price of $297,958.  The median sales price was $303,250. Average days on market was 101.
 
Two Watertown single families sold in February, one home sold for $395,000 and another house sold for $439,000.
 
10 condominiums sold in February. The least expensive condominium sold for $174,000.  The most expensive Watertown condo sold in February closed for $414,000.  The median condo sales price was $272,500.  Condos sold for an average of 96% of the asking price.  Average days on market was 114.
 
No multi-family sales closed in February.
Total Watertown residential real estate sales volume closed in February was $3,575,500.
 
Information based on residential sales data in MLSpin.

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Somerville By the Numbers – February 2009 Somerville Real Estate Market

The Somerville Real Estate Numbers for February 2009

Somerville Massachusetts Real EstateIn Massachusetts it takes about six to eight weeks for a home sale from offer to closing.  So February real estate sales data reflects market activity from December and January.  Here’s the Somerville, MA sales info for February 2009:

183 residential properties were on the market in Somerville on February 28, 2009. The lowest priced property was listed for $149,900, the most expensive for $2,875,000. Average days on market was 183.

24 properties sold (closed) in Somerville during February with an average sales price of $487,181.  The median sales price was $414,000. Average days on market was 66.

Three single family sales closed in February – for $225,000, for $514,000, and $690,000.

Nine condominium sales closed in February. The least expensive condominium sold for $145,000.  The most expensive condo sold in February closed for $733,750.  The median condo sales price was $375,000.  The average days on market was 97.  Somerville condos sold for an average of 97% of list price.

Twelve multi-family property sales closed in February. The lowest sale price for a multi-family was $202,000.  The highest price paid was $595,000. The median sales price was $455,500. Multi-families sold for an average of 98% of list price.
Total Somerville closed residential real estate sales volume in February was $9,934,250.

Also see:  

Information based on residential sales data in MLSpin

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Cambridge By The Numbers: The Cambridge Real Estate Market in February 2009

Cambridge Real Estate MarketOn the real estate calendar spring starts early.  Some say the beginning of the spring market is January 2nd, others insist the kickoff is the day after the Super Bowl.  One thing’s for sure – there are a lot of great properties coming on the market in Cambridge and buyers are out and about.
Closed sales information reflects activity from two months ago since the average real estate transaction closes about six to eight weeks after a property goes under contract.  Here’s the sales data for February:

306 properties were on the market in Cambridge on February 28, 2009. The lowest priced property was listed for $199,000, the most expensive for $4,850,000. Average days on market was 134.

25 property sales closed in Cambridge during February with an average sales price of $647,500.  The median sales price was $510,000. Average days on market was 89.

Three single family sales closed in February – for $538,000, $895,000 and $3,700,000.

18 condos closed in February. The least expensive condominium sold for $317,000.  The most expensive condo sold for $660,000.  The median condo sales price was $424,500.  Condos sold for an average of 97% of the asking price.

Four multi-family sales closed in February. The lowest sale price for a multi-family was $500,000.  The highest price paid was $820,000. The median sales price was $712,500. Multi-families sold for an average of 96% of list price.

Total Cambridge closed residential real estate sales volume in February was $16,187,500.

 

Also see:   Cambridge Real Estate Sales Activity in January 2009

Information based on residential sales data in MLSpin.

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Cambridge Real Estate – New Listings Tour – Cambridge and Somerville

Every Wednesday the Cambridge Coldwell Banker Real Estate agents tour the new listings coming on the market.  Today was a great tour.  There were 15 properties on the tour and among them some real gems.  Here are my favorites:

Avon Hill Mansard Townhouse

avon-hill-condoWe started the tour at a very special property – a townhouse condominium in a largely unspoiled Victorian mansard duplex on an Avon Hill side street.  Beautiful period detail, high ceilings, and wonderful views of the surrounding Avon Hill Victorians and backyards from every window.  Most will opt to update this three-bedroom townhouse but the price of $799,000 in this desirable neighborhood struck everyone as a very good buy.

Cambridge Single Family Homes

One of the highlights of our tour was a single family home on Avon Hill.  Essentially new after a complete transformation in 2006, this house is exquisite. New houses or gut renovations are not usually my personal favorites but this house is exceptional.  As I walked through it, accompanied by a chorus of ooohs and aahs from my fellow real estate agents, the Not So Big House books by Sarah Susanka came to mind. Not that the house is small – with four bedrooms, four levels of living space, and over 3500 square feet it’s generously sized – but the fine finishes and exquisite detail remind me of Susanka’s emphasis on quality.  From the beamed ceiling in the living room, the unusually wide staircase, to the perfection of the kitchen and baths – this house is a delight.  Priced at $2,325,000 and one of the nicest Cambridge single family houses I’ve seen in a long time.

Most days the Avon Hill house would be hard to beat but we weren’t done yet.  I’m an old house enthusiast and a huge fan of unspoiled antique houses.  As we walked into the next house on tour, a 13 room, 6 bedroom Victorian, my colleague exclaimed “Now this  is what it’s all about.”  This absolutely lovely quintessential Cambridge home sits on a quarter acre lot on a side street near Brattle Street and the Charles River in West Cambridge.  A grand old home, it has wonderful period detail, elegant formal rooms and sweet and cheery bedrooms. Gracious and inviting, this is the house you think of when you visualize an old Cambridge manse.  Well loved for decades, the next owners will be fortunate to call this house home.

Somerville Condominiums

Somerville CondoWe saw a variety of condominiums in Somerville, Watertown, Cambridge and Arlington on tour. The standout for me was a spacious six-room, two-bedroom condo on Winter Hill in Somerville.  Somerville  has several streets with really beautiful Victorians and Adams Street in Winter Hill is one of them.  This condo, one of five condominiums spread out in the house and adjacent carriage house, is the crown jewel of the association at 60 Adams.  Walk across the wide front porch through the main door of the house – now the private entry to the condo – into an enormous foyer.  Inside, the Victorian golden oak detail is jaw dropping – a built-in bench next to the fireplace in the living room, thickly framed stained glass panels in the formal dining room, columns, pocket doors, and a massive built-in china cabinet with leaded glass doors.  The kitchen is scrumptious – a bit updated, a bit vintage – very usable and completely charming.  60 Adams Street, Somerville is a dazzler and is coming on the market for $424,900. 

Arlington and Watertown Condominiums

We also saw two condos today that are great options for first-time buyers.  One is a newly renovated condo in a brick four-unit condo building in Watertown.  Filled with light, open and bright, this two-bedroom condo with study has a gorgeous kitchen and new bath.  The developer did some very nice detail work and this condo seems exceptionally well priced at $314,000.  If you’re looking for a Cambridge condominium you might want to include this Watertown condo in your search since it’s just off Mount Auburn Street near the Cambridge line.

Another excellent first-time buyer option was a three-room one-bedroom condo in a classic brick building in Arlington near the Capitol Theatre.  Charm and character, hardwood floors and parking for $229,900 and you can hop on the 77 bus to Harvard Square.

I tour new listings all week long. Check back often for the latest and greatest.  See a property you like?  Need more information?  I’m just a phone call or email away!

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