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Area Market Survey - Somerville Condominiums
ACTIVE LISTINGS              
Price Range Number of Avg. Days  
Listings on Market  
$50,000 - $99,999 1 79  
$100,000 - $149,999 2 74 First Quarter 2007:  January-March
$150,000 - $199,999 6 93 Data Source: MLSPIN
$200,000 - $249,999 13 81 Multiple Listing Service Property Information Netowrk
$250,000 - $299,999 22 62  
$300,000 - $349,999 18 72
$350,000 - $399,999 22 93  
$400,000 - $449,999 13 48  
$450,000 - $499,999 7 26  
$500,000 - $599,999 12 80  
$600,000 - $699,999 6 79  
$700,000 - $799,999 2 43  
$800,000 - $899,999 1 77  
$1,000,000 - $1,499,999 1 62  
$1,500,000 - $1,999,999 1 52  
Total Properties 127 Avg. 71  
Lowest Price: $99,900 Median Price: $359,900  
Highest Price: $1,600,000 Average Price: $392,660  
Total Market Volume: $49,867,929  
ACTIVE LISTINGS w/ PRICE CHANGES
Price Range # Listings w/ # of Price Average Price Average Price  
Price Change Changes Change % Change $  
$100,000 - $149,999 1 1 -7.75% ($10,000.00)  
$150,000 - $199,999 4 5 -4.12% ($7,125.00)  
$200,000 - $249,999 7 8 -5.62% ($13,342.86)  
$250,000 - $299,999 16 28 -1.50% ($4,212.44)  
$300,000 - $349,999 19 29 -1.94% ($6,363.37)  
$350,000 - $399,999 28 38 -3.01% ($11,259.61)  
$400,000 - $449,999 15 18 -4.62% ($20,333.33)  
$450,000 - $499,999 11 15 -7.79% ($37,636.55)  
$500,000 - $599,999 9 10 -2.70% ($15,000.00)  
$600,000 - $699,999 3 4 -3.61% ($22,666.67)  
$1,000,000 - $1,499,999 2 4 -15.34% ($172,600.00)  
Totals 115 160 -4.25% ($16,544.99)  
PENDING / UNDER AGREEMENT LISTINGS
Price Range Number of Avg. Days  
Listings on Market  
$150,000 - $199,999 3 95  
$200,000 - $249,999 4 81  
$250,000 - $299,999 5 35  
$300,000 - $349,999 11 107  
$350,000 - $399,999 22 116  
$400,000 - $449,999 8 36  
$450,000 - $499,999 3 247  
$500,000 - $599,999 3 63  
$600,000 - $699,999 1 10  
$800,000 - $899,999 2 20  
$900,000 - $999,999 1 194  
Total Properties 63 Avg. 94  
Lowest Price: $159,000 Median Price: $369,900  
Highest Price: $929,000 Average Price: $389,832  
Total Market Volume: $24,559,450            
SOLD LISTINGS
Price Range Number of Avg. Days Average Average SP:LP Average SP:OP
Listings on Market Sale Price List Price Ratio Orig Price Ratio
$100,000 - $149,999 1 27 $104,300 $119,000 88 $129,000 81
$150,000 - $199,999 4 80 $181,000 $189,900 95 $189,900 95
$200,000 - $249,999 7 79 $232,057 $238,229 97 $251,071 92
$250,000 - $299,999 17 118 $270,891 $282,018 96 $294,965 92
$300,000 - $349,999 12 189 $329,875 $340,775 97 $352,375 94
$350,000 - $399,999 20 159 $372,686 $384,710 97 $402,210 93
$400,000 - $449,999 11 199 $413,000 $420,609 98 $446,700 92
$450,000 - $499,999 3 148 $478,500 $490,967 97 $514,633 93
$500,000 - $599,999 4 328 $568,000 $595,000 95 $646,250 88
$600,000 - $699,999 2 288 $630,500 $662,450 95 $717,000 88
$800,000 - $899,999 1 74 $807,500 $825,000 98 $825,000 98
Total Properties 82 Avg. 157 $351,086 $362,848 97 $380,912 92
Lowest Price: $104,300 Median Price: $350,000  
Highest Price: $807,500 Average Price: $351,086  
Total Market Volume: $28,789,071  
EXPIRED LISTINGS
Price Range Number of Avg. Days  
Listings on Market  
$150,000 - $199,999 2 177  
$200,000 - $249,999 8 96  
$250,000 - $299,999 15 176  
$300,000 - $349,999 7 156  
$350,000 - $399,999 15 161  
$400,000 - $449,999 5 95  
$450,000 - $499,999 1 117  
$500,000 - $599,999 1 164  
$600,000 - $699,999 1 129  
Total Properties 55 Avg. 148  
Lowest Price: $185,000 Median Price: $325,000  
Highest Price: $619,000 Average Price: $331,192  
Total Market Volume: $18,215,601            
Area Market Survey - Somerville Single Family
ACTIVE LISTINGS
Price Range Number of Avg. Days  
Listings on Market  
$300,000 - $349,999 3 218  
$350,000 - $399,999 6 44 First Quarter 2007:  January-March
$400,000 - $449,999 6 222 Data Source: MLSPIN
$450,000 - $499,999 9 88 Multiple Listing Service Property Information Netowrk
$500,000 - $599,999 3 107  
$600,000 - $699,999 2 24  
$700,000 - $799,999 3 100  
$800,000 - $899,999 1 12  
$1,000,000 - $1,499,999 1 74  
Total Properties 34 Avg. 111  
Lowest Price: $319,900 Median Price: $459,900  
Highest Price: $1,100,000 Average Price: $510,601  
Total Market Volume: $17,360,448  
ACTIVE LISTINGS w/ PRICE CHANGES
Price Range # Listings w/ # of Price Average Price Average Price  
Price Change Changes Change % Change $  
$250,000 - $299,999 1 1 -9.58% ($24,900.00)  
$300,000 - $349,999 1 1 -2.50% ($8,700.00)  
$350,000 - $399,999 3 5 -6.97% ($25,633.33)  
$400,000 - $449,999 6 11 -5.74% ($24,733.50)  
$450,000 - $499,999 5 7 -3.46% ($16,440.00)  
$500,000 - $599,999 3 4 -5.54% ($31,666.67)  
$700,000 - $799,999 3 3 -3.23% ($24,166.67)  
$800,000 - $899,999 1 1 -8.69% ($76,000.00)  
Totals 23 33 -5.08% ($25,417.43)  
PENDING / UNDER AGREEMENT LISTINGS
Price Range Number of Avg. Days  
Listings on Market  
$250,000 - $299,999 1 47  
$300,000 - $349,999 1 117  
$350,000 - $399,999 1 27  
$400,000 - $449,999 2 32  
$450,000 - $499,999 3 202  
$500,000 - $599,999 2 60  
$700,000 - $799,999 1 6  
Total Properties 11 Avg. 89  
Lowest Price: $299,000 Median Price: $489,000  
Highest Price: $759,000 Average Price: $474,881  
Total Market Volume: $5,223,699  
SOLD LISTINGS
Price Range Number of Avg. Days Average Average SP:LP Average SP:OP
Listings on Market Sale Price List Price Ratio Orig Price Ratio
$300,000 - $349,999 2 75 $317,000 $354,700 89 $404,900 78
$350,000 - $399,999 1 212 $370,000 $379,900 97 $379,900 97
$400,000 - $449,999 2 368 $427,375 $453,875 94 $441,500 97
$450,000 - $499,999 4 185 $470,000 $485,725 97 $502,225 94
$500,000 - $599,999 1 202 $505,000 $519,000 97 $546,000 92
$600,000 - $699,999 1 209 $640,000 $650,000 98 $679,000 94
Total Properties 11 Avg. 204 $443,977 $464,450 96 $482,418 92
Lowest Price: $315,000 Median Price: $450,000  
Highest Price: $640,000 Average Price: $443,977  
Total Market Volume: $4,883,750            
EXPIRED LISTINGS
Price Range Number of Avg. Days  
Listings on Market  
$200,000 - $249,999 1 269  
$400,000 - $449,999 1 369  
$450,000 - $499,999 3 211  
$500,000 - $599,999 1 45  
Total Properties 6 Avg. 219  
Lowest Price: $235,000 Median Price: $464,900  
Highest Price: $589,900 Average Price: $437,466  
Total Market Volume: $2,624,800            
Area Market Survey - Somerville Multi-Family
ACTIVE LISTINGS
Price Range Number of Avg. Days  
Listings on Market  
350,000 - $399,999 2 56  
$400,000 - $449,999 2 58 First Quarter 2007:  January-March
$450,000 - $499,999 3 30 Data Source: MLSPIN
$500,000 - $599,999 18 49 Multiple Listing Service Property Information Netowrk
$600,000 - $699,999 22 67  
$700,000 - $799,999 10 51  
$800,000 - $899,999 4 44  
$900,000 - $999,999 1 78