Jul 18

Paul’s Latest Videos



Jun 08

Cambridge Condo Trends May 2014

Cambridge Condo Trends 6-2014Statewide condominium sales increased, rising more than 8% to 1,493. A total of 4,546 condo sale transactions were recorded in the first four months of the year, a 2.4% jump from 4,439 the prior year. Overall housing sales are down slightly for the fourth straight month. The condo segment took the lead showing that, once again that the market improves from the greater Boston epicenter and ripples out as the market improves.  All be it ever so tentative due to the lack of inventory.

Cambridge Cono Sales Chart May 2014

In Cambridge, 78% of May condo sales went over-ask and seven sold for at least $100,000 over-ask. Two Cambridge condos went more than $200,000 over-ask. The residents of Cambridge, who so often become leaders in academia, medicine and business, can now consider themselves, over-ask leaders as well. Source: Bates By The Numbers – Read more….

Jun 08

Somerville Condo Trends for May 2014

Somerville Condos for May 2014In Somerville, more than 90% of the May sales we tracked got at least asking price and 80% went over-ask. Unbelievable! A year ago, there were no Somerville condos that sold for more than $100,000 over-ask and only one sold for more than $50,000 over-ask. This May, however, two Somerville condos went for more than $100,000 over-ask and 11 garnered at least $50,000 over-ask. Somerville, on the other hand has a smaller condo market, however it is in positive territory in all three areas.

Somerville Condo Sales Chart 5-2014

Since April 1, 25 condos have sold in the City of Seven Hills. Of that number, 15, or 60 percent, have sold above asking price, four sold at asking and the remaining six were sold below asking, according to a Boston Business Journal analysis of MLS Properties.

The median sales in Somerville increased 9% to $490,000.

 

 

Apr 07

Cambridge Condo Market Report – 1st Quarter 2014

Cambridge Condo Market April 2014Cambridge Summary: The Cambridge condo market continues to struggle in every category. However, the inventory value is only 0.5% below what it was a year ago at 42 million+/- with 15% less homes available. March pending sales were down 23%.

Cambridge Condo Sales Chart  April 20114

The sales volume year to date for the first quarter was down 23 million in value -23% from the same time last year. The first quarter  average days on market were 39 . Average unit size was 1,035 square feet with an average sale price of $663,656. The average price per square foot – $614.

Apr 07

Somerville Condo Market Report – 1st Quarter 2014

Somerville Condos March 2014

Somerville Summary: Somerville inventory is down 27%, nine properties from a year ago. On market listing value is down 28% or a bit over 4 million in value. Pending sales are up 16%.

Somerville Sales Chart April 2014

 

The year to date sales dollar volume is up by 28%, which equates to just under 7 million over the first quarter of 2013. The average days on market was 64. The average condo was 1,289 square feet, which is relatively unchanged with an average sale price of $663,656 was up by $165,586 . The aveage price per square foot – $412.

Feb 10

Cambridge Condo Trends for January 2014

Cambridge Condo Trends Jan14Cambridge Summary: Year over year for all property types the inventory dropped to record lows for the start of 2014 down 71.6%.  The median sales price rose 20.5% with the year over year closed sales for all properties down -38.8%.

Needles to say condo Inventory remains at historic lows, down 53%% from January 2013. ~ The median list price continues to be bullish closing over 21% higher. Days on market for listings dropped by nearly a month to less than 60 days before going off market. Properties going under agreement fell sharply do to lack of inventory by over 61%.

Cambridge Condo Sales Chart

Cambridge condo sales, month to date are down 33% to start off the year. The median sale price ended was over 19%. ~ Multiple offers and quick sales kept the original price to sale price higher than normal at 100%. ~ The average square foot price was $541 per SF, up nearly $50.00 with an average condo size of 1,248 SF.

Feb 10

Somerville Condo Trends for January 2014

Somerville Condo Trends Jan14Somerville Summary: The inventory for all property types year over year dropped 26.7% for the start of 2014.  The median sales price rose 27.7% with the year over year overall closed sales for all properties ended the year up by 40%.

January condo inventory was down more than 28% compared to last year. ~ The median list price leaped up a wopping 69% with the active days on market shrinking by 10 days on average. ~ Condos going under agreement improved by nearly 32% compared to last January.

Somerville Condo Sale Chart

The number of condos sold went up by 5% for the month. ~ The median sales price rose slightly by 4%. ~ Days on market for condo sales shrunk to 48 days on average. The original price to sale price ratio was 99% of the original list price. ~ The average square foot priceincreased $390 per SF with an average living area just over 1,263 SF.

Jan 18

Cambridge Year End Condo Trends – December 2013

Cambridge Year End Condo Trends 2013

Cambridge Summary: Inventory remains at historic lows, down over 60% from the end of 2012. ~ The median list price continues to be bullish closing 30% higher. Days on market for listings was about the same, 14 weeks on average before going off market (Reflective of high list pricing). Properties going under agreement fell do to lack of inventory by over 70%.~

Cambridge Condo Sales Chart 2013

Cambridge condo sales, month to date are down 44% and overall the year to date (YTD) lost 2% over last year’s total sold. The median sale price ended the year up 17%. ~ Multiple offers and quick sales kept the original price to sale price higher than normal at 99%. ~ The average square foot price was $526 per SF with an average condo size of 1,304 SF.

Jan 18

Somerville End of Year Condo Trends – December 2013

Somerville Condo Trends for 2013

Somerville Summary: December condo inventory was down more than 20% compared to last year. ~ The median list price leaped up by 63% with the active days on market shrinking by 15% or 14 days on average. ~ Condos going under agreement declined by 25% compared to last December.

Somerville Condo Sales Chart  2013

 

 

 

 

 

 

 

The number of condos sold went up by 45% for the month which resulted in a gain of over 2% for the year. ~ The median sales price rose 33%. ~ Days on market for condo sales were just over a month on average. The original price to sale price ratio was 100% of the original list price. ~ The average square foot price jumped $106 to $441 per SF with an average living area just over 1,200 SF.

Dec 06

RE/MAX Destiny Holiday Party

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Holiday Party 2013
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Holiday Party 2013

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