Always happy to divide-and-conquer, my colleague Natasha Burger and I recently divvied up the job of running 3-year home price comparisons for Cambridge & Somerville. I previously published my Cambridge stats, and am now adding Natasha’s Somerville data to the mix. I’m sure you’ll agree the market here in Cambridgeville is hot!
Somerville Condos — 1BR/1ba, without parking 2011 YTD – 5 units sold – average price: $254,900 2012 YTD – 8 units sold – average price: $288,875 2013 YTD – 14 units sold – average price: $289,489 3-Year Change: Up 14%
Somerville Condos — 2BR/1ba, with 1 parking space 2011 YTD – 36 units sold – average price: $320,238 2012 YTD – 25 units sold – average price: $364,084 2013 YTD – 20 units sold – average price: $365,920 3-Year Change: Up 14%
Somerville Condos — 3BR/1.5+ba, with 1+ parking space(s) 2011 YTD – 34 units sold – average price: $594,951 2012 YTD – 47 units sold – average price: $533,663 2013 YTD – 37 units sold – average price: $603,634 3-Year Change: Up 1%
Somerville Single-family — up to 2000 square feet 2011 YTD – 22 units sold – average price: $382,125 2012 YTD – 36 units sold – average price: $426,656 2013 YTD – 27 units sold – average price: $484,185 3-Year Change: Up 27%
Somerville Single-family — larger than 2000 square feet 2011 YTD – 9 units sold – average price: $585,500 2012 YTD – 13 units sold – average price: $707,385 2013 YTD – 9 units sold – average price: $728,333 3-Year Change: Up 24%
Somerville 2-Family properties 2011 YTD – 46 units sold – average price: $495,582 2012 YTD – 46 units sold – average price: $539,378 2013 YTD – 48 units sold – average price: $671,705 3-Year Change: Up 36%
Somerville 3-Family properties 2011 YTD – 25 units sold – average price: $587,641 2012 YTD – 27 units sold – average price: $585,974 2013 YTD – 15 units sold – average price: $732,400 3-Year Change: Up 25%