Market Report Davis Square, Somerville, Massachusetts
Single Family, Condominiums, and Multifamily Homes Y e a r E n d 2 0 13
Davis Square Statistics Single Family Homes Average Sale Price - Number of Bedrooms - 2013 Range $569,000 - $1,030,000 $500,000 - $1,150,000 $735,000 - $1,100,000
3 Bed 4 Bed 5 Bed
Number of Listing Sold 11 8 4
Days on the Market 19 12 12
Average Sale Price $ 689,216 $ 776,875 $ 959,500
Historical Average Sale Price - Past 10 Years Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
$569,992
2004
% Change 7.359% 0.407% -5.878% 7.375% -8.437% 12.269% 4.640% 5.564% 8.736%
$611,940 $614,430
2005
2006
$578,313
2007
Source: MLSPIN, as of 02/21/2014
Number of Listing Sold 26 34 23 26 23 14 23 19 25 23
$620,963
2008
Days on the Market 66 56 95 103 87 60 79 78 43 15
$638,330 $667,947
Average Sale Price $ 569,992 $ 611,940 $ 614,430 $ 578,313 $ 620,963 $ 568,571 $ 638,330 $ 667,947 $ 705,114 $ 766,712
$705,114
$766,712
$568,571
2009
2010
2011
2012
2013
Market statistics
Total Sold - Davis Square, MA Single Family, Zip Code 02144, 1/1/2013 - 12/31/2013 # of Listings
Avg. Days on Market
Average Sale Price
Average List Price
SP:LP Ratio
Average Orig Price
SP:OP 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 $1,000,000 - $1,499,999
2 5
5 13
$931,000 $1,076,200
$849,900 $1,009,780
110 107
$849,900 $1,025,780
110 106
23
15
$766,712
$741,572
103
$745,491
103
Price Range
Total Properties Source: MLSPIN, as of 02/21/2014
SERVICE@DWELL360.Com | 617-299-1854
Davis Square Statistics Condominiums Average Sale Price - Number of Bedrooms - 2013 Range $241,500 - $580,000 $280,000 - $900,000 $357,500 - $1,040,000 $475,000 - $795,000
1 Bed 2 Bed 3 Bed 4+ Bed
Number of Listing Sold 17 79 51 6
Days on the Market 50 33 37 8
Average Sale Price $ 361,059 $ 473,412 $ 599,210 $ 660,000
Historical Average Sale Price - Past 10 Years Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
% Change 12.209% -6.500% 2.392% 0.831% 5.867% -4.440% 12.674% -0.066% 5.177%
$441,118 $393,123
2004
2005
Number of Listing Sold 142 150 159 140 118 143 137 132 156 153
$412,444 $422,311 $425,821
2006
2007
Source: MLSPIN, as of 02/21/2014
2008
Days on the Market 51 63 89 96 92 78 75 71 65 35
$450,805 $430,788
2009
2010
Average Sale Price $ 393,123 $ 441,118 $ 412,444 $ 422,311 $ 425,821 $ 450,805 $ 430,788 $ 485,386 $ 485,065 $ 510,178
$485,386 $485,065
2011
2012
$510,178
2013
Market statistics
Total Sold - Davis Square, MA Condominiums, Zip Code 02144, 1/1/2013 - 12/31/2013 # of Listings
Avg. Days on Market
Average Sale Price
Average List Price
SP:LP Ratio
Average Orig Price
SP:OP 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 $1,000,000 - $1,499,999
3 1
33 21
$924,637 $1,040,000
$932,633 $1,048,000
99 99
$932,633 $1,048,000
99 99
153
35
$510,178
$498,664
103
$502,644
102
Price Range
Total Properties Source: MLSPIN, as of 02/21/2014
SERVICE@DWELL360.Com | 617-299-1854
Davis Square Statistics Multifamily Homes Average Sale Price - Number of Units in Building - 2013
2 Units 3 Units
Range $510,000 - $1,200,000 $835,000 - $1,500,000
Number of Listing Sold 43 8
Days on the Market 34 8
Average Sale Price $ 734,672 $ 1,063,125
Historical Average Sale Price - Past 10 Years Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Number of Listing Sold 96 106 67 54 44 57 51 53 63 51
% Change 9.230% -7.399% -4.388% 1.243% -6.077% 8.917% 7.414% 1.001% 17.672%
Days on the Market 29 48 78 71 75 45 50 54 40 30
$ $ $ $ $ $ $ $ $ $
Average Sale Price 614,844 671,596 621,906 594,617 602,011 565,425 615,846 661,502 668,126 786,194 $786,194
$614,844
2004
$671,596
2005
$621,906 $594,617 $602,011 $615,846 $565,425
2006
Source: MLSPIN, as of 02/21/2014
2007
2008
2009
2010
$661,502 $668,126
2011
2012
2013
Market statistics
Total Sold - Davis Square, MA Multifamily Homes, Zip Code 02144, 1/1/2013 - 12/31/2013 # of Listings
Avg. Days on Market
Average Sale Price
Average List Price
SP:LP Ratio
Average Orig Price
SP:OP 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 $1,500,000 - $1,999,999
4 1
7 13
$1,175,000 $1,500,000
$1,048,500 $1,750,000
113 86
$1,048,500 $1,750,000
113 86
51
30
$786,194
$750,572
105
$758,985
104
Price Range
Total Properties Source: MLSPIN, as of 02/21/2014
SERVICE@DWELL360.Com | 617-299-1854
Trust. Knowledge. Experience.
www.Dwell360.com Service@Dwell360.com 617-299-1854
You want an agent who cares – We are experienced real estate agents who use professional marketing tools. We have neighborhood insight and are current with local market conditions. We know the inventory, have opinions about each property, are confident negotiators, and care about our clients – because buying and selling a home is a big deal! Dwell360 46 Austin Street Suite 302 Newton, MA 02460