Davis Square, Somerville Massachusetts Real Estate Market Data - Dwell360
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Single Family, Condominiums, and Multifamily Homes Year End 2012 Davis Square, Somerville, Massachusetts Market Report
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Dwell360 has published this report on the residential real estate market statistics for 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005, 2004, and 2003 for the neighborhood of Davis Square in 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 of Davis Square, Somerville Massachusetts Real Estate Market Data - Dwell360
Single Family, Condominiums, and Multifamily Homes
Year End 2012
Davis Square, Somerville, Massachusetts
Market Repor t
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2-3 Bed $322,000 - $741,000 12 38 494,988$
4 Bed $540,000 - $1,290,000 9 49 896,056$
5 Bed $527,500 - $1,295,000 4 48 905,875$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2003 25 67 542,421$
2004 5.083% 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$
Source: MLSPIN, as of 01/29/2013
Davis Square Statistics
Average Sale Price - Number of Bedrooms - 2012
Historical Average Sale Price - Past 10 Years
Single Family Homes
$542,421 $569,992
$611,940 $614,430 $578,313
$620,963 $568,571
$638,330 $667,947
$705,114
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Market stat ist ics
[email protected] | 617-299-1854
Total Sold - Davis Square, MASingle Family, Zip Code 02144, 1/1/2012 - 12/31/2012
# of Avg. Days Average Average SP:LP Average SP:OP
Listings
on
Market Sale Price List Price Ratio Orig Price Ratio
$300,000 - $349,999 1 3 $322,000 $295,000 109 $295,000 109
$350,000 - $399,999 3 41 $381,317 $392,333 97 $399,000 96
$400,000 - $449,999 2 21 $424,500 $412,000 103 $412,000 103
$450,000 - $499,999 1 38 $450,000 $450,000 100 $450,000 100
$500,000 - $599,999 4 48 $542,850 $545,925 99 $557,425 97
$600,000 - $699,999 3 26 $625,000 $609,633 103 $609,633 103
$700,000 - $799,999 2 73 $728,000 $759,450 96 $789,450 92
$800,000 - $899,999 2 96 $830,000 $849,450 98 $869,450 96
$900,000 - $999,999 3 24 $950,333 $931,000 102 $931,000 102
$1,000,000 - $1,499,999 4 49 $1,212,375 $1,243,500 98 $1,243,500 98
Total Properties 25 43 $705,114 $709,736 100 $716,376 99
Source: MLSPIN, as of 01/29/2013
Price Range
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
1 Bed $253,500 - $549,000 16 80 355,256$
2 Bed $249,500 - $795,000 85 66 428,260$
3 Bed $355,000 - $969,000 48 63 598,874$
4 Bed $440,000 - $1,200,000 7 37 691,143$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2003 106 80 394,605$
2004 -0.376% 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$
Source: MLSPIN, as of 01/25/2013
Davis Square StatisticsCondominiums
Average Sale Price - Number of Bedrooms - 2012
Historical Average Sale Price - Past 10 Years
$394,605 $393,123 $441,118
$412,444 $422,311 $425,821 $450,805 $430,788
$485,386 $485,065
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Market stat ist ics
[email protected] | 617-299-1854
Total Sold - Davis Square, MACondominiums, Zip Code 02144, 1/1/2012 - 12/31/2012
# 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 87 $249,500 $257,500 97 $279,500 89
$250,000 - $299,999 3 32 $265,833 $272,800 98 $276,267 96
$300,000 - $349,999 18 92 $321,217 $326,800 98 $332,776 97
$350,000 - $399,999 32 82 $374,150 $376,734 99 $386,081 97
$400,000 - $449,999 30 59 $425,104 $432,003 98 $435,667 98
$450,000 - $499,999 20 52 $473,115 $477,565 99 $483,665 98
$500,000 - $599,999 25 55 $551,800 $557,896 99 $561,700 98
$600,000 - $699,999 10 73 $655,400 $657,990 100 $666,900 98
$700,000 - $799,999 8 42 $752,613 $755,613 100 $768,750 98
$800,000 - $899,999 5 16 $846,400 $847,400 100 $847,400 100
$900,000 - $999,999 3 107 $950,383 $976,333 97 $976,333 97
$1,000,000 - $1,499,999 1 76 $1,200,000 $1,295,000 93 $1,295,000 93
Total Properties 156 65 $485,065 $490,759 99 $496,914 98
Source: MLSPIN, as of 01/29/2013
Price Range
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2 Units $370,000 - $1,000,000 49 41 645,284$
3-4 Units$540,000 - $1,180,000 14 37 748,071$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2003 90 55 596,084$
2004 3.147% 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$
Source: MLSPIN, as of 01/29/2013
Davis Square StatisticsMultifamily Homes
Average Sale Price - Number of Units in Building - 2012
Historical Average Sale Price - Past 10 Years
$596,084
$614,844
$671,596
$621,906
$594,617 $602,011
$565,425
$615,846
$661,502 $668,126
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Market stat ist ics
[email protected] | 617-299-1854
Multifamily Homes, Zip Code 02144, 1/1/2012 - 12/31/2012
# of Avg. Days Average Average SP:LP Average SP:OP
Listings
on
Market Sale Price List Price Ratio Orig Price Ratio
$350,000 - $399,999 1 52 $370,000 $429,000 86 $429,000 86
$400,000 - $449,999 0 0 $0 $0 0 $0 0
$450,000 - $499,999 4 106 $473,000 $471,000 101 $489,500 98
$500,000 - $599,999 19 27 $545,168 $528,425 104 $532,162 103
$600,000 - $699,999 12 47 $652,400 $637,031 104 $642,865 103
$700,000 - $799,999 18 36 $749,273 $751,915 100 $758,799 99
$800,000 - $899,999 6 42 $835,833 $798,133 105 $798,133 105
$900,000 - $999,999 1 27 $961,000 $900,000 107 $900,000 107
$1,000,000 - $1,499,999 2 36 $1,090,000 $1,150,000 95 $1,150,000 95
Total Properties 63 40 $668,126 $659,059 102 $664,439 101
Source: MLSPIN, as of 01/29/2013
Total Sold - Davis Square, MA
Price Range
www.Dwell360.com [email protected]
617-299-1854
Dwell360 46 Austin Street Suite 302 Newton, MA 02460
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