Wednesday, February 27, 2013
Across the state and in nearby communities, home sales rose or remained steady.
Coming off a year in which Somerville saw a 35 percent increase in home sales compared to the previous year, home sales in January slowed down a bit. In January 15 single-family homes and condos sold in Somerville, compared to 22 in January of 2012, according to figures from The Warren Group, publisher of Banker & Tradesman. That's a 31 percent decline. Across the state, January home sales were up 7 percent, from 3,442 in 2012 to 3,686 this year. In regard to single-family homes, January saw the highest number of sales since 2007, according to The Warren Group. Nearby, Cambridge saw a slight increase in home sales, from 43 in January of 2012 to 46 this January. Medford saw 27 home sales in January of 2012—again, we're talking about single-…
Wednesday, January 30, 2013
More homes sold, and they sold for more money in 2012 than in 2011.
Measured in terms of volume and sale prices, 2012 was a strong year for home sales in Somerville, according to figures from The Warren Group, publisher of Banker & Tradesman, which tracks real estate trends. The sale of condos and single-family homes in Somerville increased by 35 percent in 2012 compared to 2011. On top of that, both single-family homes and condos were selling for more money in 2012 than in 2011, according to median sale price figures for those years. In 2011, home sales were down in Somerville compared to the previous year. According to the recent figures from The Warren Group, 560 condos and single-family homes sold in Somerville in 2012, compared to 415 in 2011. The year ended strong in 2012, with 35 homes sold in …
Tuesday, September 25, 2012
As home sales surged across the state in August, Somerville saw a sluggish month of sales.
Home sales in Somerville were slightly down in August compared to August of 2011, according to figures released Tuesday by The Warren Group, publisher of Banker & Tradesman. A total of 59 condos and single-family homes sold in Somerville in August, compared to 64 that sold in August of 2011, according to the figures. That represents a 7.8 percent decline. The trend in Somerville for most of 2012 has been increasing home sales, and on the year through August home sales were 38 percent higher than they were through August of 2011: In the first eight months of this year 410 condos and single-family homes sold, which compares to 297 sold in the first eight months of 2011, according to The Warren Group. It's worth noting the figures do not …
Thursday, August 30, 2012
On the year through July, Somerville saw a 50 percent increase in home sales compared to the same period in 2011.
Home sales in Somerville were up again in July, according to figures from The Warren Group, publisher of Banker & Tradesman. A total of 81 single-family homes and condominiums sold in July, compared to the 63 that sold in July of 2011, according to the real estate information group. That's a 28 percent increase. On the year, home sales were also up in Somerville. A total of 351 single-family homes and condos sold through July. That compares to 233 through July in 2011—a 50 percent increase. It's important to note the figures do not reflect the number of two- and three-family homes in Somerville, which, together, represent about 51 percent of the housing stock in the city, according to numbers from a 2011 tax assessors report. The increase …
Tuesday, July 24, 2012
Home sales bounced back to 2010 numbers in the first half of 2012, according to The Warren Group.
Somerville Home sales were up considerably in the first half of 2012. According to figures from The Warren Group, publisher of Banker & Tradesman, 270 condos and single-family homes sold in Somerville during the first six months of the year. That's a 58.8 percent increase over the 170 condos and single-family homes that sold during the same period of 2011, according to the figures. June was a strong month, with 92 condos and single-family homes selling, compared to 61 in June of 2011. The first half of 2011 was particularly slow in Somerville, though home sales increased during the second half of that year. The numbers in 2012 more closely resemble those seen in 2010, when 273 condos and single-family homes sold in Somerville during the …
Wednesday, May 23, 2012
On the year to date, sales continue to be stronger in 2012 than they were in 2011.
The number of homes sold in Somerville leveled off in April after a strong beginning to the year. A total of 32 single-family homes and condos sold in Somerville in April this year, according to figures from The Warren Group, publisher of Banker & Tradesman. In April of 2011, 34 homes were sold. On the year, home sales in Somerville are still up when compared to 2011. During the first four months of 2012, 117 single-family homes and condos sold; that number was 85 in 2011. It's important to note the figures do not reflect the number of two- and three-family homes in Somerville, which, together, represent about 51 percent of the housing stock in the city, according to numbers from a 2011 tax assessors report. While Somerville had a flat …
Friday, April 27, 2012
The increase in home sales wasn't as strong in neighboring communities or across Massachusetts.
Home sales in Somerville were significantly higher in the first three months of 2012 than they were in the first quarter of 2011. A total of 86 single-family homes and condos sold in Somerville in January, February and March, based on figures from the The Warren Group, publisher of Banker & Tradesman. That's nearly a 69 percent increase over the number of homes sold in the first three months of 2011, when 51 condos and single-family homes sold. It's important to note the figures do not reflect the number of two- and three-family homes in Somerville, which, together, represent about 51 percent of the housing stock in the city, according to numbers from a 2011 tax assessors report. Condos represent about 28 percent of the housing stock, and …
Thursday, March 29, 2012
The city has seen a sharp increase in home sales through February.
In Somerville, 51 condos and single-family homes sold through the month of February, according to figures from the The Warren Group, publisher of Banker & Tradesman. That's nearly double the amount of homes that sold in the first two months of 2011, when 26 condos and single-family homes sold in Somerville. The largest jump has come from condo sales. There were 43 condo sales through February this year, compared to 21 during that period last year. Of the condos sold this year, 26 were sold in the month of February alone (compared to 9 sold in February of last year). The figures do not reflect the number of two-and three-family homes in Somerville, which, together, represent about 51 percent of the housing stock in the city, according to …
Thursday, January 26, 2012
After a rough winter, Somerville home sales bounced back toward the end of the year, but overall the numbers were down.
Home sales in Somerville were down by about 11.4 percent in 2011 as compared to 2010. According to figures provided by the Warren Group, which publishes Banker & Tradesman, 473 single-family homes and condos sold in Somerville in 2011. That compares to 534 in 2010. The figures do not include sales of multi-family homes, which represent a major slice of the Somerville housing stock. According to figures from a Somerville Board of Assessors report, two- and three-family homes represent about 51 percent of the city's housing stock. Andrew Scannell, a real estate agent at Coldwell Banker who writes the weekly "Sold" column on Somerville Patch, said in an email that 163 multi-family homes sold in 2011, compared to 145 in 2010. Those numbers are…
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Thursday, January 12, 2012
On the year, through November of 2011, both home sales and foreclosures were down in Somerville.
Somerville home sales were up slightly in November, which is the latest month for which figures are available. According to numbers from the Warren Group, which publishes Banker & Tradesman, 25 condos and single-family homes sold in Somerville in November of 2011, compared to 24 in November of 2010. More accurately, 25 condos sold in November of 2011; no single-family homes were sold. In November, 2010, 4 single-family homes and 20 condos sold. It should be noted that The Warren Group's figures don't include sales of two-family or three-family homes, which, are an important part of the Somerville real estate market. Together, two- and three-family homes represent about 51 percent of Somerville's housing stock, based on figures from a …
Matt C
10:05 am on Thursday, January 31, 2013
I think its at least as important to state that people really want to live in Somerville and are paying a premium to mover here. For current owners it iss a great opportunity for people to cash out. People that have lived in town for 20-30 years are getting 10x what they paid for their homes and people are itching to get into the city! more ›