davis square, somerville, massachusetts real estate market data - dwell360
DESCRIPTION
Dwell360 has published this report on the residential real estate market statistics for 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005, and 2004 for Davis Square, Somerville, Massachusetts. The market statistics include residential sales averages for single family homes, condominiums, and multifamily homes. Review the information presented by the Massachusetts boutique real estate brokerage Dwell360 based in Newton.TRANSCRIPT
Single Family, Condominiums, and Multifamily Homes
Year End 2013
Davis Square, Somerville, Massachusetts
Market Repor t
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
3 Bed $569,000 - $1,030,000 11 19 689,216$
4 Bed $500,000 - $1,150,000 8 12 776,875$
5 Bed $735,000 - $1,100,000 4 12 959,500$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2004 26 66 569,992$
2005 7.359% 34 56 611,940$
2006 0.407% 23 95 614,430$
2007 -5.878% 26 103 578,313$
2008 7.375% 23 87 620,963$
2009 -8.437% 14 60 568,571$
2010 12.269% 23 79 638,330$
2011 4.640% 19 78 667,947$
2012 5.564% 25 43 705,114$
2013 8.736% 23 15 766,712$
Source: MLSPIN, as of 02/21/2014
Davis Square Statistics
Average Sale Price - Number of Bedrooms - 2013
Historical Average Sale Price - Past 10 Years
Single Family Homes
$569,992 $611,940 $614,430
$578,313 $620,963
$568,571 $638,330 $667,947
$705,114 $766,712
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Market stat ist ics
[email protected] | 617-299-1854
Total Sold - Davis Square, MASingle Family, Zip Code 02144, 1/1/2013 - 12/31/2013
# of Avg. Days Average Average SP:LP Average SP:OP
Listings on Market Sale Price List Price Ratio Orig Price Ratio
$500,000 - $599,999 4 8 $533,500 $523,225 102 $523,225 102
$600,000 - $699,999 7 22 $641,554 $629,397 102 $630,843 102
$700,000 - $799,999 4 20 $741,625 $739,948 101 $739,948 101
$800,000 - $899,999 1 5 $800,000 $849,000 94 $849,000 94
$900,000 - $999,999 2 5 $931,000 $849,900 110 $849,900 110
$1,000,000 - $1,499,999 5 13 $1,076,200 $1,009,780 107 $1,025,780 106
Total Properties 23 15 $766,712 $741,572 103 $745,491 103
Source: MLSPIN, as of 02/21/2014
Price Range
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
1 Bed $241,500 - $580,000 17 50 361,059$
2 Bed $280,000 - $900,000 79 33 473,412$
3 Bed $357,500 - $1,040,000 51 37 599,210$
4+ Bed $475,000 - $795,000 6 8 660,000$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2004 142 51 393,123$
2005 12.209% 150 63 441,118$
2006 -6.500% 159 89 412,444$
2007 2.392% 140 96 422,311$
2008 0.831% 118 92 425,821$
2009 5.867% 143 78 450,805$
2010 -4.440% 137 75 430,788$
2011 12.674% 132 71 485,386$
2012 -0.066% 156 65 485,065$
2013 5.177% 153 35 510,178$
Source: MLSPIN, as of 02/21/2014
Davis Square StatisticsCondominiums
Average Sale Price - Number of Bedrooms - 2013
Historical Average Sale Price - Past 10 Years
$393,123 $441,118
$412,444 $422,311 $425,821 $450,805 $430,788
$485,386 $485,065 $510,178
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Market stat ist ics
[email protected] | 617-299-1854
Total Sold - Davis Square, MACondominiums, Zip Code 02144, 1/1/2013 - 12/31/2013
# of Avg. Days Average Average SP:LP Average SP:OP
Listings on Market Sale Price List Price Ratio Orig Price Ratio
$200,000 - $249,999 1 7 $241,500 $249,900 97 $249,900 97
$250,000 - $299,999 5 38 $268,600 $267,358 100 $275,758 98
$300,000 - $349,999 8 58 $319,988 $324,225 99 $333,838 96
$350,000 - $399,999 22 35 $380,355 $365,650 104 $372,382 103
$400,000 - $449,999 26 24 $420,000 $407,595 103 $410,635 103
$450,000 - $499,999 25 29 $474,882 $464,648 102 $464,324 104
$500,000 - $599,999 29 51 $546,928 $532,841 103 $537,186 103
$600,000 - $699,999 16 30 $640,306 $616,488 104 $622,431 103
$700,000 - $799,999 16 29 $748,963 $740,319 101 $743,444 101
$800,000 - $899,999 1 43 $849,900 $849,900 100 $849,900 100
$900,000 - $999,999 3 33 $924,637 $932,633 99 $932,633 99
$1,000,000 - $1,499,999 1 21 $1,040,000 $1,048,000 99 $1,048,000 99
Total Properties 153 35 $510,178 $498,664 103 $502,644 102
Source: MLSPIN, as of 02/21/2014
Price Range
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2 Units $510,000 - $1,200,000 43 34 734,672$
3 Units $835,000 - $1,500,000 8 8 1,063,125$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2004 96 29 614,844$
2005 9.230% 106 48 671,596$
2006 -7.399% 67 78 621,906$
2007 -4.388% 54 71 594,617$
2008 1.243% 44 75 602,011$
2009 -6.077% 57 45 565,425$
2010 8.917% 51 50 615,846$
2011 7.414% 53 54 661,502$
2012 1.001% 63 40 668,126$
2013 17.672% 51 30 786,194$
Source: MLSPIN, as of 02/21/2014
Davis Square StatisticsMultifamily Homes
Average Sale Price - Number of Units in Building - 2013
Historical Average Sale Price - Past 10 Years
$614,844 $671,596
$621,906 $594,617 $602,011 $565,425
$615,846 $661,502 $668,126
$786,194
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Market stat ist ics
[email protected] | 617-299-1854
Multifamily Homes, Zip Code 02144, 1/1/2013 - 12/31/2013
# of Avg. Days Average Average SP:LP Average SP:OP
Listings on Market Sale Price List Price Ratio Orig Price Ratio
$500,000 - $599,999 8 52 $545,363 $553,082 99 $571,207 96
$600,000 - $699,999 8 66 $656,550 $659,575 100 $683,213 97
$700,000 - $799,999 13 21 $749,346 $710,354 106 $710,354 106
$800,000 - $899,999 15 17 $847,273 $781,953 109 $788,287 109
$900,000 - $999,999 2 8 $915,000 $835,000 110 $835,000 110
$1,000,000 - $1,499,999 4 7 $1,175,000 $1,048,500 113 $1,048,500 113
$1,500,000 - $1,999,999 1 13 $1,500,000 $1,750,000 86 $1,750,000 86
Total Properties 51 30 $786,194 $750,572 105 $758,985 104
Source: MLSPIN, as of 02/21/2014
Total Sold - Davis Square, MA
Price Range
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