Tuesday, November 29, 2011
Though home sales are still down in 2011, sales seem to have rebounded a little.
Home sales in Somerville were up slightly in October, as compared to October, 2010. According to figures from the Warren Group, which publishes Banker & Tradesman, 36 condos and single-family homes sold in Somerville in October this year, up from 30 in October, 2010—a 20 percent increase. The Warren Group's figures do not include sales of two-family or three-family homes, which, together, represent about 51 percent of Somerville's housing stock, based on figures from a recent Somerville Board of Assessors report. On the year, through the end of October, home sales were down in Somerville by 15.47 percent, as compared to the same time period in 2010. Though down, it appears home sales have rebounded slightly over the past few months. …
Wednesday, October 26, 2011
Home sales in Somerville dropped slightly in September, but remained more or less steady as compared to earlier in 2011.
In Somerville, sales of condominiums and single-family homes dropped by about 16 percent in September as compared to September of 2010. There were 37 homes sold in Somerville this September, according to figures from The Warren Group, which publishes Banker & Tradesman. That compares to the 44 homes that sold in September of 2010. In July and August, Somerville home sales rebounded a little from the steep decline seen earlier in the year. September's numbers, while slightly lower than those seen in 2010, weren't dramatic enough to reverse that trend significantly. On the year through September, home sales were down 18 percent in Somerville, compared to 2010. That number—18 percent—remained steady from August of this year. Through June, for…
Thursday, September 29, 2011
Home sales in Somerville were up in August but remain down for the year. However, the year-to-date drop in home sales isn't as sharp as it was.
Home sales in Somerville rose by 10.3 percent in the month of August, compared to August, 2010, according to figures from The Warren Group, publisher of Banker & Tradesman. That's coming off the nearly 54 percent increase in home sales seen in July, as compared to July, 2010. Taking into account sales of single-family homes and condominiums, there were 64 homes sold in Somerville in August this year. In August, 2010, 58 homes were sold. Home sales were still down 17.9 percent for the year, however. Between January and August of this year, 303 homes were sold, compared to 369 during that same period last year. At 17.9 percent, the decrease in home sales in Somerville, however, has been flattening out. Midway through 2011 (January through …
Tuesday, August 30, 2011
More Somerville homes sold in July this year than in July of 2010, and sale prices remain higher.
Bucking the trend of previous months, July saw an increase in home sales in Somerville, according to numbers compiled by The Warren Group, publisher of Banker & Tradesman. Taking into account single-family homes and condominiums, 63 homes were sold in Somerville during July. That's nearly a 54 percent increase from the 41 homes that were sold in July 2010. The strong July numbers chipped away, a little, at the overall decrease in home sales seen in Somerville throughout 2011. In all, 239 homes were sold in Somerville between January and July of 2011. That's a 24 percent decrease from the same time period in 2010. In January through July 2010, 314 homes had sold. With July's numbers, however, that number—percent decrease in home sales—…
Wednesday, July 27, 2011
Midway through 2011, homes sales are down in Somerville by 35 percent as compared to 2010. Home prices, however, are up.
Midway through the year, home sales are down in Somerville, according to figures from The Warren Group, which provides real estate information and publishes Banker & Tradesmen. Through the end of June, 176 single-family homes and condominiums had been sold in Somerville in 2011, a 35 percent drop from that same period in 2010, when 273 single-family homes and condos were sold. Looking at June alone, traditionally a busy month for home sales, the numbers are also down. A total of 61 homes sold in Somerville in June. That compares to the 89 that were sold in June 2010. It's a 31 percent drop. The drop-off in home sales mirrors a trend happening across the state, though the trend is somewhat amplified in Somerville. Across Massachusetts, 23,…
Thursday, March 17, 2011
Five homes sold in Somerville this Week, including a two-family that sold for $60k more than the asking price.
Just five homes sold in Somerville this week including a Davis/Ball Square area two-family that sold for $60,000 more than the asking price. Another 113 residential properties in Somerville are currently under agreement according to www.redfin.com. Check out the photo gallery, the list below or the interactive map for sales in Somerville this week. "Sold!" is a weekly column featuring the latest real estate sales in and around Somerville. Photos and information compiled using MLS data, courtesy of Century 21 North Shore, Coldwell Banker Residential Brokerage and Jay McHugh REMAX Unlimited
Thursday, March 10, 2011
Just three homes sold in Somerville this week including a two-family that went for above asking price.
Just three homes sold in Somerville this week, but get ready for a wave of closings: another 134 residential properties in Somerville are currently under agreement according to www.redfin.com. Check out the photo gallery, the list below or the interactive map for a sampling of sales in or near Somerville this week. "Sold!" is a weekly column featuring the latest real estate sales in and around Somerville. Photos and information are compiled using MLS data, courtesy of Century 21 North Shore, Coldwell Banker Residential Brokerage and Jay McHugh REMAX Unlimited.
Thursday, March 3, 2011
Here’s a look at recent home sales in Somerville for the week of Feb. 24 - Mar. 3.
Ten homes sold in Somerville this week—all but one for less than asking price. According to www.redfin.com, 94 more are under agreement and another 168 are on the market. Here’s a look at what sold. Median home prices also fell in Somerville in January compared to January last year. See our story here. All listings and data courtesy of Century 21 North Shore, Coldwell Banker Residential Brokerage and Jay McHugh REMAX Unlimited. In the market for a new home? Be sure to check out our House Hunt column on Fridays for open houses in your area.
Tuesday, March 1, 2011
According to new data from the Warren Group, median condo prices in Somerville fell nearly 29 percent in January compared to one year earlier.
Median condo prices in Somerville fell considerably in January compared to median prices one year earlier, according new data released by the Warren Group, publisher of Banker & Tradesman. According to Redfin.com, year-over-year multi-family prices in Somerville also fell, but less steeply. Median condo prices fell nearly 29 percent compared to January 2010 A total of eight condos sold in Somerville in January at a median sale price of $272,000 compared to 16 condos, which sold at a median price of $382,000 in January 2010. The difference translates to a 29 percent decline in median sale price. For broader perspective, condo sales in Somerville increased 5 percent to 415 in 2010 from 397 in 2009, according to the Warren Group. During that …