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 12

Davis Square Statistics Single Family Homes Average Sale Price - Number of Bedrooms - 2012 Number of Range Listing Sold 2-3 Bed $322,000 - $741,000 12 4 Bed $540,000 - $1,290,000 9 5 Bed $527,500 - $1,295,000 4

Days on the Market 38 49 48

Average Sale Price $ 494,988 $ 896,056 $ 905,875

Historical Average Sale Price - Past 10 Years Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

% Change 5.083% 7.359% 0.407% -5.878% 7.375% -8.437% 12.269% 4.640% 5.564%

$569,992 $542,421

2003

2004

$611,940 $614,430

2005

2006

Source: MLSPIN, as of 01/29/2013

Number of Listing Sold 25 26 34 23 26 23 14 23 19 25

$578,313

2007

$620,963

2008

Days on the Market 67 66 56 95 103 87 60 79 78 43

$638,330

Average Sale Price $ 542,421 $ 569,992 $ 611,940 $ 614,430 $ 578,313 $ 620,963 $ 568,571 $ 638,330 $ 667,947 $ 705,114 $667,947

$705,114

$568,571

2009

2010

2011

2012

Market statistics

Total Sold - Davis Square, MA Single Family, Zip Code 02144, 1/1/2012 - 12/31/2012

# of

Price Range $300,000 - $349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999 $600,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,499,999

Total Properties

Avg. Days Average on Listings Market Sale Price

Average

SP:LP

Average

SP:OP

List Price

Ratio

Orig Price

Ratio

1 3 2 1 4 3 2 2 3 4

3 41 21 38 48 26 73 96 24 49

$322,000 $381,317 $424,500 $450,000 $542,850 $625,000 $728,000 $830,000 $950,333 $1,212,375

$295,000 $392,333 $412,000 $450,000 $545,925 $609,633 $759,450 $849,450 $931,000 $1,243,500

109 97 103 100 99 103 96 98 102 98

$295,000 $399,000 $412,000 $450,000 $557,425 $609,633 $789,450 $869,450 $931,000 $1,243,500

109 96 103 100 97 103 92 96 102 98

25

43

$705,114

$709,736

100

$716,376

99

Source: MLSPIN, as of 01/29/2013

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Davis Square Statistics Condominiums Average Sale Price - Number of Bedrooms - 2012

1 Bed 2 Bed 3 Bed 4 Bed

Number of Range Listing Sold $253,500 - $549,000 16 $249,500 - $795,000 85 $355,000 - $969,000 48 $440,000 - $1,200,000 7

Days on the Market 80 66 63 37

Average Sale Price $ 355,256 $ 428,260 $ 598,874 $ 691,143

Historical Average Sale Price - Past 10 Years Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

% Change -0.376% 12.209% -6.500% 2.392% 0.831% 5.867% -4.440% 12.674% -0.066%

$441,118 $394,605$393,123

2003

2004

2005

Number of Listing Sold 106 142 150 159 140 118 143 137 132 156

$412,444 $422,311 $425,821

2006

Source: MLSPIN, as of 01/25/2013

2007

2008

Days on the Market 80 51 63 89 96 92 78 75 71 65

$450,805 $430,788

2009

2010

Average Sale Price $ 394,605 $ 393,123 $ 441,118 $ 412,444 $ 422,311 $ 425,821 $ 450,805 $ 430,788 $ 485,386 $ 485,065

$485,386 $485,065

2011

2012

Market statistics

Total Sold - Davis Square, MA Condominiums, Zip Code 02144, 1/1/2012 - 12/31/2012

# of

Price Range $200,000 - $249,999 $250,000 - $299,999 $300,000 - $349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999 $600,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,499,999

Total Properties

Avg. Days Average on Listings Market Sale Price

Average

SP:LP

Average

SP:OP

List Price

Ratio

Orig Price

Ratio

1 3 18 32 30 20 25 10 8 5 3 1

87 32 92 82 59 52 55 73 42 16 107 76

$249,500 $265,833 $321,217 $374,150 $425,104 $473,115 $551,800 $655,400 $752,613 $846,400 $950,383 $1,200,000

$257,500 $272,800 $326,800 $376,734 $432,003 $477,565 $557,896 $657,990 $755,613 $847,400 $976,333 $1,295,000

97 98 98 99 98 99 99 100 100 100 97 93

$279,500 $276,267 $332,776 $386,081 $435,667 $483,665 $561,700 $666,900 $768,750 $847,400 $976,333 $1,295,000

89 96 97 97 98 98 98 98 98 100 97 93

156

65

$485,065

$490,759

99

$496,914

98

Source: MLSPIN, as of 01/29/2013

SERVICE@DWELL360.Com | 617-299-1854

Davis Square Statistics Multifamily Homes Average Sale Price - Number of Units in Building - 2012 Number of Range Listing Sold 2 Units $370,000 - $1,000,000 49 3-4 Units$540,000 - $1,180,000 14

Days on the Market 41 37

Average Sale Price $ 645,284 $ 748,071

Historical Average Sale Price - Past 10 Years Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

% Change 3.147% 9.230% -7.399% -4.388% 1.243% -6.077% 8.917% 7.414% 1.001%

Number of Listing Sold 90 96 106 67 54 44 57 51 53 63

Days on the Market 55 29 48 78 71 75 45 50 54 40

$671,596

$661,502 $621,906

$614,844

Average Sale Price $ 596,084 $ 614,844 $ 671,596 $ 621,906 $ 594,617 $ 602,011 $ 565,425 $ 615,846 $ 661,502 $ 668,126

$596,084

$668,126

$615,846

$594,617

$602,011 $565,425

2003

2004

2005

2006

Source: MLSPIN, as of 01/29/2013

2007

2008

2009

2010

2011

2012

Market statistics

Total Sold - Davis Square, MA Multifamily Homes, Zip Code 02144, 1/1/2012 - 12/31/2012

# of

Price Range $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999 $600,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,499,999

Total Properties

Avg. Days on Listings Market

Average

Average

SP:LP

Average

SP:OP

Sale Price

List Price

Ratio

Orig Price

Ratio

1 0 4 19 12 18 6 1 2

52 0 106 27 47 36 42 27 36

$370,000 $0 $473,000 $545,168 $652,400 $749,273 $835,833 $961,000 $1,090,000

$429,000 $0 $471,000 $528,425 $637,031 $751,915 $798,133 $900,000 $1,150,000

86 0 101 104 104 100 105 107 95

$429,000 $0 $489,500 $532,162 $642,865 $758,799 $798,133 $900,000 $1,150,000

86 0 98 103 103 99 105 107 95

63

40

$668,126

$659,059

102

$664,439

101

Source: MLSPIN, as of 01/29/2013

SERVICE@DWELL360.Com | 617-299-1854

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