Somerville, Cambridge, Malden, and Medford 2009 to 2010

Somerville

Single Families  18% more sales in 2010, Average sales price up 11%, Days on Market down 12%
Condo's   31% more sales in 2010, Average sales price up 3%, Days on Market down 8%
Multi Families  7% fewer sales in 2010, Average sales price up 9%, Days on Market down 14%

Total Sales      2009                                       2010
Single Families   64 Sales   $412K   78 Days on Market        78    $466K  66 Days on Market
Condo's             361 Sales   $371K   90 Days on Market       373    $377K  83 Days on Market
Mulit Families  154 Sales   $473K    81 Days on Market     145    $514K  69 Days on Market


Cambridge

Single Families  15% more sales, Average sales price up 8%, Days on Market down 10%
Condo's  1% fewer sales, Average sales price up 9%, Days on Market Even
Multi Families  18% more sales, Average sales price up 16%, Days on Market up 5%

Total Sales      2009                                       2010
Single Families      110 Sales  $1.079K  85 Days on Market      78    $1.158K  71 Days on Market
Condo's                  667 Sales     $451K  79 Days on Market    660       $498K  79 Days on Market
Mulit Families         55 Sales     $722K  72 Days on Market      64       $855K  76 Days on Market

Medford 

Similar Market Changes to the Cambridge, Somerville and Malden area's

Total Sales      2009                                       2010
Single Families      206 Sales     $349K  71 Days on Market     211      $367K  79 Days on Market
Condo's                  189 Sales     $289K 104 Days on Market    152      $309K  71 Days on Market
Mulit Families         96 Sales     $399K  96 Days on Market      97       $417K  68 Days on Market


Malden

Similar Market Changes to the Cambridge, Somerville and Medford area's

Total Sales      2009                                       2010
Single Families      197 Sales     $266K  97 Days on Market     158     $269K  94 Days on Market
Condo's                  117 Sales     $193K 106 Days on Market    100     $190K 111 Days on Market
Mulit Families       151 Sales     $320K 101 Days on Market    136     $329K  67 Days on Market

*** perfect news for prospective sellers, if you were wondering NOW is a good time to SELL, sellers who where unsuccessful in 2008, 2009 or even 2010 should be encouraged by the up swing in the positive numbers listed above***

Please feel free to leave comments or questions!

If you'd like information like this regarding your own city or town be sure to let me know. 


xoxo

Erica Marie