As of today, January 23rd 2014, in Somerville Massachusetts there are 44 homes for sale. In a city with over 70,000 occupants, 44 seems like a very small number. Prices during the past year, in some parts of the city, have increased by nearly 20%.
Coincidentally, the high temperature so far today in Somerville is 20 degrees Fahrenheit.
There are only 9 Somerville Single Family homes available today with prices ranging from $329,900 to $985,000!
Average days on market for Single Family Homes is about 80 days.
There are 24 Somerville Condominiums being offered with prices ranging from $279,000 to $825,000.
Average Days on market for Condominiums is also about 80 days.
There are 12 Somerville Multifamily properties on the market with prices ranging from $499,900 to $1,194,876.
Average days on market for Multi Family homes is about 50 days.
The quality of housing stock in this city varies widely. Most of the homes in this area were constructed during the early 1900's. Many of the properties have been renovated with modern amenities, but some not since the 1970's or before. There are, however many homes that have upgraded their finishes during the past 10 years, while keeping the Victorian Era charms like ceiling medallions, crown moldings and stained glass accent windows.
Somerville Massachusetts offers their residents a property tax break for homes that are owner occupied. This years residential tax exemption is a little over $1,900. The complete city report on housing, and tax assessments can be found here: http://www.somervillema.gov/sites/default/files/FY2014CLASSREPORT.pdf
Somerville Massachusetts is looking forward to expanded public transportation options in the coming years , with the Green Line Extension Project. The Greenline Extension Project will upgrade and enhance many of the city's "Squares" such as Gilman Square, and Magoun Square. The city has published some reports, highlighting what these changes may bring. The report for Gilman Square can be found here: http://www.somervillema.gov/sites/default/files/GilmanSAP-PublicReview8-21-2013.pdf
Upgrades to the city's public transportation options, as well as other improvements throughout the city, portend the continued appreciation of Somervilles housing stock. If you are interested in buying or selling Real Estate in Somerville Massachusetts, please give me a call to learn more.
Coincidentally, the high temperature so far today in Somerville is 20 degrees Fahrenheit.
There are only 9 Somerville Single Family homes available today with prices ranging from $329,900 to $985,000!
Average days on market for Single Family Homes is about 80 days.
There are 24 Somerville Condominiums being offered with prices ranging from $279,000 to $825,000.
Average Days on market for Condominiums is also about 80 days.
There are 12 Somerville Multifamily properties on the market with prices ranging from $499,900 to $1,194,876.
Average days on market for Multi Family homes is about 50 days.
The quality of housing stock in this city varies widely. Most of the homes in this area were constructed during the early 1900's. Many of the properties have been renovated with modern amenities, but some not since the 1970's or before. There are, however many homes that have upgraded their finishes during the past 10 years, while keeping the Victorian Era charms like ceiling medallions, crown moldings and stained glass accent windows.
Somerville Massachusetts offers their residents a property tax break for homes that are owner occupied. This years residential tax exemption is a little over $1,900. The complete city report on housing, and tax assessments can be found here: http://www.somervillema.gov/sites/default/files/FY2014CLASSREPORT.pdf
Somerville Massachusetts is looking forward to expanded public transportation options in the coming years , with the Green Line Extension Project. The Greenline Extension Project will upgrade and enhance many of the city's "Squares" such as Gilman Square, and Magoun Square. The city has published some reports, highlighting what these changes may bring. The report for Gilman Square can be found here: http://www.somervillema.gov/sites/default/files/GilmanSAP-PublicReview8-21-2013.pdf
Upgrades to the city's public transportation options, as well as other improvements throughout the city, portend the continued appreciation of Somervilles housing stock. If you are interested in buying or selling Real Estate in Somerville Massachusetts, please give me a call to learn more.
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