Check out my latest video showing what’s been happening in the condo market in Somerville Here’s the formula: Low inventory + brisk market = higher prices
Today let’s talk about the condo market in Somerville and look at what’s been going on in the city over the past year. In the spring, summer and fall of 2011 we saw prices rise (the black line) as the number of condos listed on the market (the orange inventory line) went up and prices [...]
Let’s take a look at what’s been happening with single family real estate values over the last year in Somerville, MA. The black line which shows the median sales prices. Not surprisingly, prices peaked in July – the reason why I say it’s not a surprise is because home prices are negotiated when the buyer’s [...]
Today let’s do a real estate market update and look at what’s been happening over the last year with single family homes in Somerville, MA. The black line traces the median single family home sales price for Somerville over the last year. On the whole, home prices have been steadily rising (except for that notable [...]
I’m proud to say that both Cambridge and Somerville are honored on the “100 Best Communities For Young People” list by America’s Promise Alliance (a group founded to improve the lives of children). This is the second time that Somerville has made the list. Both cities have an impressive list of programs and collaboration through [...]
Do you live in Somerville or own a property in the city? Here’s an update on the real estate market for single family homes for the last year: As you can see, sales prices for single family homes in the city came down last winter and then up in the spring. This is a very [...]
Are you thinking about selling a piece of real estate or selling your home and moving up but have questions about today’s market? Please join me for a free seminar and get your real estate questions answered. When: Wednesday, September 29th from 7:00 – 9:00 PM Where: Medford Fire Station 5 Zero Medford Street (at [...]
Although it’s currently snowing as I look outside my window, the spring real estate market is already beginning in Somerville. Somerville Housing Stats February 2010 These numbers wouldn’t be complete without looking at the average days on the market that it takes for a property to sell. Average Days On Market Single Family Homes – [...]
It’s time to do some number crunching on the Somerville real estate market. Here’s what the lastest statistics look like: Somerville Housing Stats August 2009 The numbers wouldn’t be complete if we didn’t also look at the average Days on Market which are: Single Family Homes – 71 Condos – 90 Multi Family Houses – [...]
Today I was in the mood to do some number crunching, so I took a look at the condo market and what’s been happening over the last 6 months. * There are a wide variety of condos in each city. They range from small associations in converted 2 or 3 family houses to high rise [...]
