Davis Square, Somerville, Massachusetts Real Estate Market Data - Dwell360

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

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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

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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

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