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.

Somerville Condo Trends For October 2011

Somerville Summary: Condo inventory in Somerville remains about the same as last October up only1.5%. ~ The median list price shows a modest increase of $8,876  with the active days on market showing more demand by improving to 87 days from 102 in 2010 ~ Condo listing volume or market value at the end of October barley  increased by only $390,486. ~ Condos going under agreement did increased by 23%. ~ Condos sold for the month went up 28% with the YTD number of condos sold falling behind by 8%. ~

Somerville condo sold $ volume went up by 34% from 6+ million in 2010 to over 9 million this past October.

YTD sold $ volume remains behind by nearly 4% compared to last year at the same time. ~ Sold average days on market remained the same at 72 days. The original price to sale price ratio tightened a point to 96%. ~ The average square foot price rose to $386 per square foot for October with the average condo size also increasing 86 square feet to of 1,174 square feet.

New Commercial Designation Completed

This weekend I took advantage of the cancelled Komen Race for the Cure and finished the requirements in order to obtain the newly offed ACP Designation. It is a training program designed to help residential agents transition into the commercial world of real estate.  The instructor Dan Andrews is a commercial practitioner in Michigan that has some eight years as a professor at University of Michigan.  He does an excellent job in presenting the material.  I watched the videos through RE/MAX University.  There were five modules with ten question tests following each.  Pretty cool the way it all works.  I used ROKU to watch the videos on my TV and took the tests online.

I found the program well designed. I must admit it is indeed a challenge to cover all of the terms and methods used in commercial real estate.  Dan put the material in good order. The ACP program is an overview from which one can better choose an area of expertise and direction.

I took the course because I recently decided to practice commercial real estate to help expedite the process of getting a commercial division going within our company.  The first phase which was to start property management company is doing quite well and growing thanks to Scott Vermilya, our managing partner.  It is hugely helpful to be able to provide management services to our residential clients and to assist our agents in developing deeper relationships with their clients. This relationship is creating all kinds of new opportunities for us.

So in a way I guess that this designation signifies the actual start of our commercial division.  Now, in addition to providing commercial services we will look to add additional practitioners and grow our commercial division.  So stay tuned for upcoming developments.