Arlington Real Estate Market

DebOnTheWeb — Wed, 02 Sep 2009 12:40:20 +0000

Today I sharpened my pencil and did some number crunching on current market conditions in Arlington. Although there are some real estate markets that have felt a major impact from the current recession, Arlington Massachusetts isn’t one of them.

Arlington Real Estate Statistics as of September 2009

Since looking at numbers in a vacuum doesn’t help you to compare, here is what the market looked just about a year ago:

Arlington Real Estate Statistics as of October 2008

As you can see from above, the average single family home price in Arlington has risen since last year. The multi family market has taken the biggest hit with prices falling pretty dramatically, but this is also the smallest segment of the Arlington market. During the real estate boom, many multi family homes were converted into condos, so there aren’t that many 2 and 3 family houses left in the city.

The average Days on Market hasn’t changed much during the last year. Currently single family homes are taking an average of 46 days to sell. Condos are on the market for an average of 72 days while multi family homes take an average of 49 days to go under agreement.

Want more information on the Arlington market?

Condo Market Update

DebOnTheWeb — Thu, 25 Jun 2009 12:47:31 +0000

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 condo buildings like Station Landing which is a city within a city.

Now if you’re thinking of selling a condo in Somerville, dont’ be discouraged by the fact that there are 11 months of inventory on the market right now. That figure shows how long it would take for every condo currently for sale in Somerville to sell. Some of the units are so overpriced, they aren’t truly on the market (IMHO of course.) The condos that are priced right, will sell. I closed on a condo in Somerville this week that I sold in 38 days.

The same hold true in Medford. Although the average days on the market for condos in the city is 115, if you price your condo right and market it well, you can sell much fast. I sold this Medford condo in 11 days for its full asking price.

Whether you sell or sit on the market comes down to the basics – location, condition, price and marketing.

* Source MLSPin

Medford, MA Homes for Sale – Deb on the Web » market statistics

Arlington Real Estate Market

Condo Market Update