Somerville Multi Family Properties Have Strong Rebound Somerville muti-family properties have had a strong rebound since the recession. As in Brookline condos, we see the average sale price in Q1 2013 over the asking price (all info from MLSPIN). With limited inventory and strong rents, prices are forecasted to be on the rise through 2013 - for the complete list of curently available Somerville mulit-family properties, just click here - http://www.buyeragentsofboston.com/somerville 04/19/2013

Thinking about buying in Somerville? Here are some recent sales that will give you a feel for the market - http://www.buyeragentsofboston.com/searches/2509885.rss Make sure you are up-to-date and prepared for what your dollar is going to buy you in the market place by working with an experienced and professional buyer agent as well as educating yourself as to what properties have sold recently and at what price. 04/03/2013

We are thrilled and honored to have one of our great Davis Square Lofts featured as the Boston Globe home of the week.   Read the full article and view the photo gallery here.       04/01/2012

Let’s take a look at what’s been happening with single family real estate values over the last year in Somerville, MA.     The black line which shows the median sales prices. Not surprisingly, prices peaked in July – the reason why I say it’s not a surprise is because home prices are negotiated when the buyer’s offer is accepted and it takes about 2 months from then for the closing to happen and the sales price to be made public. This means that sales in July were from prices agreed upon in May during the spring market which is historically the most active selling season of the year. Because of last year’s extremely snowy winter, the real estate market stalled for a while. Stay tuned to see what 2012 will have in store for real estate prices in Somerville! 01/25/2012

Sometimes it is useful to compare this years market to last years market.  As the year draws to an end, I always like to compile the year to date statistics for  the markets in which I work.  I concentrate my practice on Somerville Massachusetts, Cambridge Massachusetts, and Medford Massachusetts.  There is more to any market story than the the total number of sales, or the average sales price.  It is also important to consider the average days on market, as well as the absorption rate. These statistics were compiled at the end of last week, and are gleaned from the MLS, which is deemed to be accurate, although not guaranteed. Somerville Massachusetts as of December 9th 2011                                                                 2010                 2011 Single Family Sales 75... 12/12/2011

  82 Pearson in Somerville 82 Pearson Avenue is a Philadelphia style 3-unit multi-family property in the Davis Square/Ball Square part of Somerville, MA. This is a photo of 82 Pearson taken in 2011 and you can see the windows are boarded up and it looks like some work is needed to restore the property to it best use.   What you need to know The property was purchased in 2005 for $775,000 as a 3-family property that was in average condition and each unit is said to have had 5 rooms and 3 beds.   In 2008, the financial markets were in crisis and the housing market has been in a recession since approximately 2006. The owner of the property from 2005 had fallen into hard time as well and the property was for sale in the low $800,000s as a short sale. It may have looked like a good deal for ... 11/11/2011

Today let’s do a real estate market update and look at what’s been happening over the last year with single family homes in Somerville, MA.The black line traces the median single family home sales price for Somerville over the last year. On the whole, home prices have been steadily rising (except for that notable time during February when we were buried under so much snow!).What I find intriguing about the data is the fact that the average days on market (the orange line) echoes the median sales price line. This is unusual. Normally as prices start to rise, days on market begin to fall. The average days on the market for a single family home in Somerville is currently 125 days. When you look at this 4 month marketing time frame in light of how long it takes to sell homes in other parts ... 04/27/2011

Home inspectors working in Somerville MA are required to perform a home inspection to the Massachusetts Home Inspector Standards of Practice. A copy of the standard will be provided to the client by the home inspector. The MA Home Inspector Standards of Practice is written for the professional home inspector. United Inspection Service has created some easy to read Consumer Information Sheets illustrating what is included and excluded in a Standard MA home inspection. Clear client communications (3c) are one of our core values. See the easy to read one page consumer information sheets for each of the systems in a MA Home Inspection. Visit the Somerville MA Home Inspection web page from United Inspection Service for some useful information about homes in Somerville MA and our Massachusett... 03/16/2011

Somerville MA Homes and Condos Sold in Q2 2010 Somerville MA Single Family Home Sales The Somerville, MA 2nd quarter real estate market report indicates that there were 25 homes sold in Q2 2010 as compared to 16 in 2009. This represents a 56% increase in the number of homes sold. The average sales price changed from $408244 in 2009 to $527024 in 2010, a 29% increase in value. The days on market changed -4 % from 68  to 65. Visit the Somerville MA 2009 real estate market report to compare changes in market conditions.   Visit Somerville MA real estate for information about the community, relocation, demographics, MLS search, home buying and selling guides. Go to Somerville MA homes for sale to view current listings of homes, condos, multi-family and land listings. Somerville MA Condomini... 01/01/2011

I’m proud to say that both Cambridge and Somerville are honored on the “100 Best Communities For Young People” list by America’s Promise Alliance (a group founded to improve the lives of children). This is the second time that Somerville has made the list. Both cities have an impressive list of programs and collaboration through the schools, city govenerment and private sector aimed at improving the lives of children and young adults. Photo Credit by Dan4th 11/01/2010

Do you live in Somerville or own a property in the city? Here’s an update on the real estate market for single family homes for the last year: As you can see, sales prices for single family homes in the city came down last winter and then up in the spring. This is a very typcial pattern since buyers that have a choice in their time frame prefer not to buy a new house during the holidays or in the winter. Prices are on a current downward trend. It will be interesting to see if the prices of homes in Somerville rebound for the fall market. You might be wondering why I said that since it is officially fall. Real estate prices become public the day the house closes, that’s when the house officially sells. However, the price was set 6 weeks to 2 months prior to that when the buyer’s offer wa... 10/07/2010

Somerville MA Short Sales - Pre-foreclosure Values As a home buyer looking for value in the purchase of real estate a short sale may be your best Somerville Massachusetts short sale is a difficult and often a frustrating process. To achieve your goal, hire experienced professionals that understand all aspects of the transaction. Expert advice can be provided by real estate agents, attorneys, mortgage brokers, bankers and home inspectors. Visit Somerville MA real estate for tools and resources to evaluate the community. What is a Short Sale? Homeowners in financial distress should consider various options, including a short sale, prior to foreclosure. This process may be the best option to preserve their credit and limit their debt exposure. In MA, the laws governing foreclosures provide... 10/03/2010

Somerville Massachusetts Real Estate Market Reports for 2009 Single Family Home Sales The Somerville, MA real estate market report indicates that there were 63 homes sold in 2009 as compared to 80 in 2008. This represents a 21% decrease in the number of homes sold. The average sales price changed from $432963 in 2008 to $409059 in 2009, a 6% decrease in value. The days on market changed -26 % from 107  to 79. Visit Somerville MA real estate for information about the community, relocation, demographics, MLS search, home buying and selling guides.   Go to Somerville MA homes for sale to view current listings of homes, condos, multi-family and land listings. Condominium Sales The Somerville, MA condominium market data indicates that there were 361 condos sold in 2009 as compared to 329 in... 07/30/2010

Somerville, Massachusetts Real Estate and Homes for Sale - Direct MLS Access The Somerville MA real estate and home buying process can be complicated and you will benefit from the guidance of industry professionals. A real estate buyer's agent, mortgage lender and an attorney are the primary advisers in the purchase of property. If you are a first-time home buyer or an existing owner, you may qualify for a tax credit and could be eligible for special financing programs. Start your search be determining your price range, housing needs and lifestyle you desire. Somerville MA real estate will assist you in finding the right property to meet your needs from local area homes for sale, foreclosed listings (bank-owned), land, condominiums,  all through the MA Multiple Listing Service (MLS). Re... 03/21/2010

Although it’s currently snowing as I look outside my window, the spring real estate market is already beginning in Somerville. Somerville Housing Stats February 2010 These numbers wouldn’t be complete without looking at the average days on the market that it takes for a property to sell. Average Days On Market Single Family Homes – 70 Days Condos – 89 Days Multi Family Homes – 76 Days Let’s compare this with last April, right in the middle of the spring market to show you how much healthier the market is right now: Somerville Housing Stats April 2009 One of the first thing that jumps out at you is that more than double the number of condos have sold in Somerville during the last 6 months than in the 6 months leading up April ‘09. The Somerville condo market has gone from a buyer’s marke... 02/16/2010

Best 2 bed condos walking distance to Davis Square MBTA - Real Estate for Sale in Cambridge Somerville MA Below are my picks for the top values for 2 bed condos currently on the market within walking distance to the Davis Square MBTA station in Somerville, MA.  If you haven't experienced the Davis Square lifestyle, you're missing out on the great dining, nightlife, and easy commute to Cambridge, Boston and beyond via the MBTA's Red Line.  This combination of features is what has led to the price point you currently see in the Davis Square neighborhoods of both Somerville and North Cambridge, currently hovering around $400/sq.ft. for the nicer, luxury properties.  Whether it's authentic BBQ at Redbone's or catching a show or movie at the Somerville Theater,  Davis Square has quickly atta... 10/29/2009

Somerville MA Real Estate For Sale Buying a home may be the most important investment an individual or family makes in their lifetime.  It is important to know the process and to be aware of the industry professionals who can assist you.  The two primary advisers will be Realtors and mortgage lenders.  You must understand how much you can afford and what your budget will allow.  If you are a first-time home buyer, you may qualify for a tax credit ($8000 in 2009) and could be eligible for special financing programs.  To take advantage of this program, you must close on the property you purchase by December 1, 2009. Mortgage Financing - A Loan for Your Home Most home buyers borrow the money to purchase property by obtaining a mortgage through a lender.  The lender may be a bank, mortgage ... 09/01/2009

I think the best way to get a handle on what's happening in a city is to do some number crunching and look at the stories the data is telling us. Somerville Housing Stats August 2009 The numbers wouldn’t be complete if we didn’t also look at the average Days on Market which are: Single Family Homes - 71 Condos - 90 Multi Family Houses - 81 [More...] 08/25/2009

Petsi Pies - Cambridge and Somerville Pie Heaven  I'll never forget my first bite of Petsi Pie's mixed berry pie.  It was a small, delectable explosion in my mouth. Tart, sweet, and absolutely scrumptious.  She had me at one bite.  I've been a fan of Petsi's savory and sweet pies ever since. That first bite was at Danny Lipset's broker open house and I knew a good idea when I tasted one.  I've held a number of Petsi Pies broker opens since.  It's a sure way to draw a crowd of agents.  Proprietor Renee McLeod, nicknamed Petsi as a child, opened her first pie shop in 2003 on Beacon Street in Somerville by the Star Market.  In 2006 a second Petsi's opened near Harvard Square in the former Cremaldi's on Putnam Ave. Petsi Pies serves dessert pies, savory pies that can be a main course, as we... 08/08/2009

Restored Vintage Radiators - Somerville MA - A1 New and Used Plumbing and Heating   I'm a big fan of steam heat.  It's a wonderful even heat that adds some moisture to the dry New England winter air. Some people have misgivings about steam heat - usually stemming from a poorly maintained system in an apartment they once rented.  When steam radiators are pitched incorrectly loud knocking can result.  It's an easily fixed problem that many a landlord fails to attend to.  As a homeowner I've never had any problems with my steam radiators that a plumber couldn't address. And while I'm partial to steam, hot water radiators also provide a very even heat. The easiest way to tell if a radiator is for hot water or for steam is to look for a torpedo-shaped valve, about 2-3 inches high on one side... 07/31/2009