Somerville Condo Trends

Somerville Summary: Condo inventory was down by 14% for January. ~ Listing $ volume was down 1.4% from 34 million to 33 in. ~ The median list price was flat increasing by 1.4% with the active days on market showing more demand dropping from over 4 months to three. ~ Condos going under agreement increased by 48%.~ Condos sold for the month were up 7%. ~

 

 

 

Somerville condo sold $ volume for the month was flat up only $1,300 from January last. ~ Sold average days on market did not change at 3.7 months on average. The original price to sale price ratio dropped by 2% to 91% of the original list price. ~ The average square foot price dropped to $303 per square foot from $325 with the average condo size of 1,298 square feet compared to 1,243 square feet.

Eithne Johnson Rejoins Our Team!

We are pleased to announce that Eithne Johnson has rejoined RE/MAX Destiny in Cambridge. Eithne first joined the company in 2002 and quickly became a top producer. She left in 2008 to undertake a writing project as well as a major home renovation project.

Since 1999, Eithne has been involved in nearly 150 residential sales. In addition, she brings to her work extensive personal experience successfully buying, improving and selling several properties in Greater Boston as well as two vacation properties
in FL and MA.

“We are very excited to have Eithne back with us and so too will be her past clients” said Broker Owner Paul Turcotte. “I cannot recall an agent that pays more attention to detail and is more professional than Eithne. In addition she is also an excellent communicator, trusted advocate and adviser who has all the skills needed – and more – to proficiently manage even the toughest of real estate experiences. Simply put, we are thrilled
to have her back.”

Eithne is a member of the Cambridge Community of Real Estate Professionals, has been a major sponsor both of Our Place Homeless Children’s Center and Cambridge Housing Assistance Fund.  She also donates a portion of her proceeds to Children’s
Hospital through an affiliation with Children’s Miracle Network. She is a member of the National, Massachusetts, and Greater Boston Associations of Realtors. As a professor of film and media studies, Eithne has taught courses at Babson, Emerson, MIT, and Wellesley. Her training as a professor is a natural foundation for a successful real estate career.

Contact:
Cell: 617-320-0748
Email: ejohnson@yourguidehome.com

Cambridge Condo Trends – Year End 12/11

Cambridge Summary: Inventory for condos in December remained low, less 48% compared to the same period last year.Condo listing $ volume reflected this down 46% from 90 million to 48.5 million in value. ~ The median list price rose by $16,000 with properties selling at about the same rate, taking about close to 5 months to either go U/A or off market. ~ The number of condos going under agreement was the same at 46, however the $ volume was up 3.3% from December last.

Cambridge condo sales were up for the month 21% and YTD 7%. Sold $ volume for was up 7.8% for December from 24 to 30 million, YTD up 6.2% from 326 million to 354 over last year. ~ The median sale price dropped 4% with the ratio of sale price to original price tightening to the typical average of 95%. ~ The average square foot price for December was $451 per square foot with the average living area at 1,138 sf, 112.  little change from $450 per square foot with an average unit size of 1,150 square feet in 2010.

Somerville Condo Trends Year End 12/11

Somerville Summary: Condo inventory was down by 3% over last December. ~ Listing $ volume, however was up by 5.8% from 34 million to 36 in 2011. ~ The median list price shows an increase of 7.6% with the active days on market showing more demand by improving to 96 days from 122 days in 2010 ~ Condos going under agreement increased by 12% and the $ volume is up a modest 1.3%. ~ Condos sold for the month dropped 27% with YTD showing a loss of 7% compared to 2010. ~

Somerville condo sold $ volume for the month decreased sharply by 40%, YTD dropped 3.7% from 141 million in 2010 to 136 million for 2011. ~ Sold average days on market increased improved by 23 days. The original price to sale price ratio dropped by 2% to 90% of the original list price. ~ The average square foot price dropped to $296 per square foot from $320 with the average condo size of 1,270 square feet shrinking to 1,105 square feet.

Look Who Has Joined Our Team!

Welcome Ann Sabbey!

We are pleased to announce that Ann Sabbey has joined RE/MAX Destiny in Cambridge. Ann is a 16 year veteran of the real estate industry, and although she lists and sells in many communities, she has concentrated on the Cambridge, Somerville, Arlington and Medford markets for most of her career.

Ann is a charter member and founder of the Cambridge Lions Club.  She is also a past president of the Somerville Lions Club.  Ann is a member of the Cambridge Community of Realtors which, sponsors Our Place Homeless Children’s Center and a member of the National, State and Greater Boston Association of Realtors.

“Ann is a terrific agent and a wonderful person,” remarked Paul Turcotte, Broker Owner.  “We are all very excited to have her finally join our team.  I have known Ann for many years and look forward to helping her business flourish to new heights as she utilizes our powerful marketing tools, systems and support in the service of her clients.

Welcome Ann!

Cambridge Condo Trends – November 2011

Cambridge Summary: Inventory for November remained down by 39% compared to the same period last year. ~ Condo listing $ volume is considerably down by 41.5% from 123 million to 73 million. ~ The median list price was the same with properties selling

Sold $ volume for the month was up 15.5%, YTD sold $ volume up 6.2% over last year. ~ The median sale price improved by only 1% with the ratio of sale price to original price up by 2% in comparison. ~ The average square foot price for Novemebr was up by $89 to $529 per square foot with the average living area at 1,137 sf, 112 less square feet than  in 2010.

Somerville Condo Trends – November 2011

Somerville Summary: Condo inventory edged up by 3% over last Novemeber. ~ Listing $ volume is up by 2.3% from 46 million to 47 million. ~ The median list price shows an increase of 7% with the active days on market showing more demand by improving to 85 days from 113 in 2010 ~ Condos going under agreement increased by 22% and the $ volume is up 11.8%. ~ Condos sold for the month were up 21% with YTD moving up by 5%.

 Somerville condo sold $ volume for the month increased by 27%,  whereas YTD dropped 1.2% from 132 million in 2010 to 131 million this past November. ~ Sold average days on market increased by 8% . The original price to sale price ratio tightened a point to 95%. ~ The average square foot price rose to $431 per square foot for November with the average condo size also increasing 38 square feet to of 1,304 square feet.

The Seven Laws of Nature

I am often asked why I smile so much and why I am so positive.  I live by some very basic beliefs and in an effort to share I created an abbreviated outline of the seven natural laws and added my two cents.

Energy Is Everything! Energy is potential and momentum.  There is a natural ebb and flow to life.  It is important to accept what is and learn to move within the natural flow of energy.

1. The Law of Attraction and Vibration:

Like attracts like, people attract energy like the energy they project.  Positive people attract others like them or those moving in the same direction. Thoughts and feelings are energy. Whenever you are sensitive to someone else’s feelings, when you are aware of your own feelings, this is a conscious perception of a vibration. You have a choice. A vibration is energy that is either positive or negative.  You have the power to choose your thoughts or change them by what you choose to think about, by how you speak to yourself.  Listen to your thoughts and ask yourself if they are congruent with the person you are or want to be.  The energy you project is what you will receive.  You are what you project!

Identify what you truly want and eliminate the negative. You must create the opposite of what you don’t want. The law of attraction responds to how you feel about what you say and what you think.  Simply release your affirmations and believe.  The universe will take care of your request as long as you do not doubt and break the flow that is yours if you simply believe.

2. The Law of Polarity:

Everything in the Universe has an equal or an exact opposite! Learn to see both sides of every situation and your life will flow much smoother and you will be able to see that there is value in both.  You cannot have one without the other so learn to embrace both.  Embracing the positive in every situation moves you in the direction of your dreams.  Accept the good and the bad in your life.  Joy and sorrow are both beautiful. Learn to accept what is and lean into it.

The center is a place of balance.  Learn to recognize that everything you think, say or do is on a scale like that of the number line.  You can add or subtract what you need to get closer to the balance and peace that comes from being centered.

3. The Law of Rhythm:

Everything is moving in perfect rhythm.  Our thoughts and actions are what create speed bumps and unnatural or off beat rhythms in our lives.  Learn to be flexible and move with the flow.  Develop your “flex power”.  Fear tends to create resistance. Resistance slows the speed of trust. Recognize when you are in a current or even worse a rip tide, when you are resisting the natural rhythm in business and in life.  Stay focused on your vision and go with the flow.

4. The Law of Relativity:

Everything is relative! You cannot define something without having something to compare it to. Catch yourself when you are making comparisons.  Learn not to compare to others or to past experiences.  Look at thing as” it just is”, without judgment and you will avoid succumbing to feelings like you are not enough or you do not have enough.  Comparisons are never what they seem and in a negative light, toxic to the soul.

5. The Law of Cause and Effect:

For every cause there is an effect, and for every effect there is a cause. For every action we take there is an effect, one that ripples through the universe, much like that of a beam of light moving forever in one direction. Your actions impact everything around you and go on to impact others beyond that.  If you send good thoughts and positive energy out you will receive the same or similar back, and of course the opposite is also true.  We are the creators of heaven and/or hell right here on earth.  Be aware of that power and use it wisely.

6. The Law of Gender and Gestation:

Both male and female are necessary for creation.  These are two complimentary energies, that of giving and taking, which gives rise to new creation.  Speaking is masculine energy (asserting) and listening is female energy (receiving). The actual sex of the persons making creative connection is of no consequence.  This is the creative law.  This law decrees that all seeds most importantly “thought seeds” have a gestation period before they manifest.  It takes an appropriate amount of time for a thought, image or creation to move into its physical counterpart.

7. The Law of Perpetual Transmutation of Energy:

Energy is forever moving into and out of different forms. All energy fields are connected.  Energy is constantly flowing.  It is a human reality that we can only focus on one thing at a time.  Energy on the other hand is never actually created or destroyed.  It simply moves from one form into another.  The beauty of this is that your thoughts have the ability to transmute from the nonphysical to physical all the time.

 

 

Cambridge Condo Trends – October 2011

Cambridge Summary: Inventory for October continued to decline, dropping 45% compared to the same period last year. ~ Condo listing $ volume is considerably lower by 48% from 165 million to 85 million. ~ The median list price increased slightly by $9,000 with properties selling an average of 5 days faster. ~ Condos that went under agreement for the month increased by 29%.

Condo sales for the month were flat in comparison down .02%. ~ Year to date sales were up almost 4% or 22 more condos than in October last year. Cambridge condo sold $ volume for the month was flat loosing only -.02% a difference of $471,800. YTD sold $ volume is up 4.73% over last year. ~ The median sale price improved by 9% with the ratio of sale price to original price the same at 95%. ~ The average square foot price for October was $459 per square foot with the average living area at 1,044 sf, 111 fewer square feet than in 2010.