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
SERVICE@DWELL360.Com | 617-299-1854
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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