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Market Conditions

Here’s a quick snapshot of what’s selling in the Boston, Somerville and Cambridge and Lofts Market. We use the sold data instead of what’s actively on the market due to the fact that only sold data can accurately portray the market accurately. All information is a reflection of MLS data:

Q1 & Q2 2012

Boston (includes all neighborhoods):
Number of Lofts Sold: 178
Average List Price: $581,564
Average Sale Price: $560,613
Average Days on Market: 113
Average Price Per Square Foot: $470

Most Expensive Loft SOLD: $2,560,000
Least Expensive Loft SOLD: $162,500

Somerville:
Number of Lofts Sold: 24
Average List Price: $456,488
Average Sale Price: $448,454
Average Days on Market: 92
Average Price Per Square Foot: $373
Most Expensive Loft SOLD: $825,000
Least Expensive Loft SOLD: $175,000

Cambridge:
Number of Lofts Sold: 29
Average List Price: $464,534
Average Sale Price: $468,652
Average Days on Market: 83
Average Price Per Square Foot: $430
Most Expensive Loft SOLD: $779,000
Least Expensive Loft SOLD: $296,000

ALL of 2011

Boston (includes all neighborhoods):
Number of Lofts Sold: 280
Average List Price: $583,000
Average Sale Price: $563,000
Average Days on Market: 115
Average Price Per Square Foot: $480

Most Expensive Loft SOLD: $2,145,000
Least Expensive Loft SOLD: $120,000

Somerville:
Number of Lofts Sold: 34
Average List Price: $518,000
Average Sale Price: $504,000
Average Days on Market: 121
Average Price Per Square Foot: $372
Most Expensive Loft SOLD: $1,180,000
Least Expensive Loft SOLD: $309,000

Cambridge:
Number of Lofts Sold: 48
Average List Price: $559,000
Average Sale Price: $547,000
Average Days on Market: 85
Average Price Per Square Foot: $446
Most Expensive Loft SOLD: $1,700,000
Least Expensive Loft SOLD: $264,000