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Avenue 3's Year in Review: the Greater Boston Real Estate market 2011

  
  
  

 

JANUARY 13, 2012
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Week In Review

 

 

 Thoughout this past year the sharing of information regarding the state of the Boston Area Real Estate market has been plentiful.  A few of the many questions that have answered in various reports are: What's selling, what isn't selling, what's the current  price of 2 bedroom condo in Cambridge MA and what's happening with multi-family market prices in Somerville MA?


 

 

 

In our review of the 2011 real estate market, we thought we'd keep it simple and give you an overview of the number of sales and the average sale price for the categories presented in the graph.

 

So here's our snapshot of the  "Year in Review" for 2011.

 

 Top number:  total number of closed transactions (single-family, condominium & multi-family)

 Bottom number: average sale price (single-family, condominium, multi-family)

 

 

 closed sales / average sale prices

  

town

2011

 

number of transactions 


average sale price

2010

 

number of transactions 


average sale price

Arlington

509

$495,456

514

$500,363

266

$626,558

261

$604,821 

 Cambridge

885

$825,781

855

$824,724

Concord

219

$662,651

188

$644,935

 Lexington

410

$642,236

399

$663,935

Lincoln

55

$712,624 

41

$778,810 

Medford

455

$355,469

460

$362,185

Somerville

576

$468,860

597

$452,918

 Waltham

459

$380,259 

513

$384,823

Watertown

 

310

$429,908

 

290

$431,248

 Winchester

242

$603,704

272

$611,560

BOSTON

5044

$519,989

5414

$493,356

 

If you are interested in receiving a detailed breakdown by property type for one of the above communities, please Contact Us and we will email you the report.

 

Source:  MLSPIN

You can take a closer look at the towns above by loggin in to our web site and using the Avenue 3 Property Search tool.

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