DebOnTheWeb - Deb Agliano - Medford, MA Real Estate

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!

Today let’s look at real estate values in Arlington, MA.

The black line that almost looks like an EKG reading of a heart rate shows you the median real estate value for single family homes in Arlington over the past year. There have been some ups and downs in prices but for the most part, real estate prices have stayed relatively level during the last 12 months.

The orange line traces the average days on the market that it takes single family homes to sell in Arlington. It’s currently taking about 10 days longer to sell a house today than it was at this point last year. Properly priced houses are selling in an average of 2 months – a very respectable time frame. We saw a very typical spike during last winter – but the exorbitant amount of snow we received made many would be home buyers hold off until the spring thaw so the average days on market lengthened to almost 4 months.

If you’d like more information about real estate values in Arlington, just call me at 781-608-4692 or email me.

Curious about the real estate market in Medford MA? Here’s the latest real estate market report:

Prices (the black line in the chart above) have been doing a slow seesaw movement where we make a small gain in median price, prices soften and then rise again. The average days on market (the orange line in the chart) has been following the typical pattern based on the seasons. Starting in the fall of 2010 the average days on market lengthened until the peak in March (after all of those back to back winter storms). With the spring and better weather, the average days on market for single family homes sales in Medford shortened. Now that we’re in summer, we’re seeing the average days on market flatten out.

Keep in mind that these are single family home averages for the city of Medford overall and each property is unique. Call or email me if you’d like to find out the market value for your Medford property.

Here are the latest statistics on the real estate market for single family homes for sale in Malden:

The median sales price for homes in Malden has recently leveled off at $285,000. The orange line shows you the average days on market. This number increased sharply during our very snowy winter but is now showing a nice downward trend.

According to MLSPin approximately 20% of all of the properties for sale in Malden are either short sales or foreclosures so this is having an affect on the market. (This number includes single family homes, condos and multi family properties.)

The sound barriers are coming, the sound barriers are coming! (Sorry but I’m from Medford and Paul Revere passed through the city on his famous ride!)

It’s been a long wait but finally sound barriers are coming, at least to a section of Route 93 South in Medford. This fall, as part of the bridge replacement happening this summer, sound barriers are going to be erected blocking noise from the highway from reaching residents in the city. Yippee!!

Photo credit rob.wiss