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Market Report Davis Square, Somerville, Massachusetts

Single Family, Condominiums, and Multifamily Homes Y e a r E n d 2 0 12


Davis Square Statistics Single Family Homes Average Sale Price - Number of Bedrooms - 2012 Number of Range Listing Sold 2-3 Bed $322,000 - $741,000 12 4 Bed $540,000 - $1,290,000 9 5 Bed $527,500 - $1,295,000 4

Days on the Market 38 49 48

Average Sale Price $ 494,988 $ 896,056 $ 905,875

Historical Average Sale Price - Past 10 Years Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

% Change 5.083% 7.359% 0.407% -5.878% 7.375% -8.437% 12.269% 4.640% 5.564%

$569,992 $542,421

2003

2004

$611,940 $614,430

2005

2006

Source: MLSPIN, as of 01/29/2013

Number of Listing Sold 25 26 34 23 26 23 14 23 19 25

$578,313

2007

$620,963

2008

Days on the Market 67 66 56 95 103 87 60 79 78 43

$638,330

Average Sale Price $ 542,421 $ 569,992 $ 611,940 $ 614,430 $ 578,313 $ 620,963 $ 568,571 $ 638,330 $ 667,947 $ 705,114 $667,947

$705,114

$568,571

2009

2010

2011

2012


Market statistics

Total Sold - Davis Square, MA Single Family, Zip Code 02144, 1/1/2012 - 12/31/2012

# of

Price Range $300,000 - $349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999 $600,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,499,999

Total Properties

Avg. Days Average on Listings Market Sale Price

Average

SP:LP

Average

SP:OP

List Price

Ratio

Orig Price

Ratio

1 3 2 1 4 3 2 2 3 4

3 41 21 38 48 26 73 96 24 49

$322,000 $381,317 $424,500 $450,000 $542,850 $625,000 $728,000 $830,000 $950,333 $1,212,375

$295,000 $392,333 $412,000 $450,000 $545,925 $609,633 $759,450 $849,450 $931,000 $1,243,500

109 97 103 100 99 103 96 98 102 98

$295,000 $399,000 $412,000 $450,000 $557,425 $609,633 $789,450 $869,450 $931,000 $1,243,500

109 96 103 100 97 103 92 96 102 98

25

43

$705,114

$709,736

100

$716,376

99

Source: MLSPIN, as of 01/29/2013

SERVICE@DWELL360.Com | 617-299-1854


Davis Square Statistics Condominiums Average Sale Price - Number of Bedrooms - 2012

1 Bed 2 Bed 3 Bed 4 Bed

Number of Range Listing Sold $253,500 - $549,000 16 $249,500 - $795,000 85 $355,000 - $969,000 48 $440,000 - $1,200,000 7

Days on the Market 80 66 63 37

Average Sale Price $ 355,256 $ 428,260 $ 598,874 $ 691,143

Historical Average Sale Price - Past 10 Years Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

% Change -0.376% 12.209% -6.500% 2.392% 0.831% 5.867% -4.440% 12.674% -0.066%

$441,118 $394,605$393,123

2003

2004

2005

Number of Listing Sold 106 142 150 159 140 118 143 137 132 156

$412,444 $422,311 $425,821

2006

Source: MLSPIN, as of 01/25/2013

2007

2008

Days on the Market 80 51 63 89 96 92 78 75 71 65

$450,805 $430,788

2009

2010

Average Sale Price $ 394,605 $ 393,123 $ 441,118 $ 412,444 $ 422,311 $ 425,821 $ 450,805 $ 430,788 $ 485,386 $ 485,065

$485,386 $485,065

2011

2012


Market statistics

Total Sold - Davis Square, MA Condominiums, Zip Code 02144, 1/1/2012 - 12/31/2012

# of

Price Range $200,000 - $249,999 $250,000 - $299,999 $300,000 - $349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999 $600,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,499,999

Total Properties

Avg. Days Average on Listings Market Sale Price

Average

SP:LP

Average

SP:OP

List Price

Ratio

Orig Price

Ratio

1 3 18 32 30 20 25 10 8 5 3 1

87 32 92 82 59 52 55 73 42 16 107 76

$249,500 $265,833 $321,217 $374,150 $425,104 $473,115 $551,800 $655,400 $752,613 $846,400 $950,383 $1,200,000

$257,500 $272,800 $326,800 $376,734 $432,003 $477,565 $557,896 $657,990 $755,613 $847,400 $976,333 $1,295,000

97 98 98 99 98 99 99 100 100 100 97 93

$279,500 $276,267 $332,776 $386,081 $435,667 $483,665 $561,700 $666,900 $768,750 $847,400 $976,333 $1,295,000

89 96 97 97 98 98 98 98 98 100 97 93

156

65

$485,065

$490,759

99

$496,914

98

Source: MLSPIN, as of 01/29/2013

SERVICE@DWELL360.Com | 617-299-1854


Davis Square Statistics Multifamily Homes Average Sale Price - Number of Units in Building - 2012 Number of Range Listing Sold 2 Units $370,000 - $1,000,000 49 3-4 Units$540,000 - $1,180,000 14

Days on the Market 41 37

Average Sale Price $ 645,284 $ 748,071

Historical Average Sale Price - Past 10 Years Year 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

% Change 3.147% 9.230% -7.399% -4.388% 1.243% -6.077% 8.917% 7.414% 1.001%

Number of Listing Sold 90 96 106 67 54 44 57 51 53 63

Days on the Market 55 29 48 78 71 75 45 50 54 40

$671,596

$661,502 $621,906

$614,844

Average Sale Price $ 596,084 $ 614,844 $ 671,596 $ 621,906 $ 594,617 $ 602,011 $ 565,425 $ 615,846 $ 661,502 $ 668,126

$596,084

$668,126

$615,846

$594,617

$602,011 $565,425

2003

2004

2005

2006

Source: MLSPIN, as of 01/29/2013

2007

2008

2009

2010

2011

2012


Market statistics

Total Sold - Davis Square, MA Multifamily Homes, Zip Code 02144, 1/1/2012 - 12/31/2012

# of

Price Range $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999 $600,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,499,999

Total Properties

Avg. Days on Listings Market

Average

Average

SP:LP

Average

SP:OP

Sale Price

List Price

Ratio

Orig Price

Ratio

1 0 4 19 12 18 6 1 2

52 0 106 27 47 36 42 27 36

$370,000 $0 $473,000 $545,168 $652,400 $749,273 $835,833 $961,000 $1,090,000

$429,000 $0 $471,000 $528,425 $637,031 $751,915 $798,133 $900,000 $1,150,000

86 0 101 104 104 100 105 107 95

$429,000 $0 $489,500 $532,162 $642,865 $758,799 $798,133 $900,000 $1,150,000

86 0 98 103 103 99 105 107 95

63

40

$668,126

$659,059

102

$664,439

101

Source: MLSPIN, as of 01/29/2013

SERVICE@DWELL360.Com | 617-299-1854


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You want an agent who cares – We are experienced real estate agents who use professional marketing tools. We have neighborhood insight and are current with local market conditions. We know the inventory, have opinions about each property, are confident negotiators, and care about our clients – because buying and selling a home is a big deal! Dwell360 46 Austin Street Suite 302 Newton, MA 02460


Davis Square, Somerville Massachusetts Real Estate Market Data - Dwell360