My local real estate market statistics show the average home price in Cambridge, Arlington, Belmont, Medford, and Somerville MA. In addition, my comprehensive market statistics also include the median home sale price, sale price to original price ratio, and inventory levels.
Real Estate Market Statistics
How Is The Market? I will compile in-depth market statistics to help estimate the fair market value of your home when you are ready to sell or buy a new home.
Local Market Knowledge
Market knowledge requires far more than an algorithm or statistics alone. To gain a deep understanding of any given market one must see homes in person.
I enjoy previewing homes with and for my Clients. Sometimes I preview homes purely for comparison or to “scout” properties while Clients are at work or traveling. Property videos and virtual tours are helpful to qualify a home but nothing replaces being in the space in person.
My Residential Market Analysis provides a long term perspective (past 10 years or more). Clients receive ample real estate market statistics for a a bird’s eye view of the overall strength or weakness of a given market as well as the current and historical trends.
I take great pride for the in-depth research I conduct for Clients. The compliments I receive on my real estate statistics and trend analysis is one of the best rewards. My Clients know I take fair market value very seriously to help them make decisions with confidence and peace of mind. If only I had a crystal ball to predict the future!
Real Estate Market Statistics
Fair Market Value
What is your current home worth? What is the fair market value of the new home you plan to purchase? Due diligence is needed to compile the most relevant market statistics and identify the most comparable properties sold recently for comparison. The best way to know if a property is truly “comparable” is by seeing it in person.
Our local markets are having record-breaking increases in the average home price for properties in very good condition and priced fairly. Even in the best of markets, not every home will sell at the asking price or sell at all.
Intimate knowledge of the local market is imperative when evaluating home values for sellers and buyers. I only work in markets for which I have first-hand knowledge and experience from seeing as many homes in person as possible.
Cost of Home Ownership
To estimate the cost of home ownership we need to understand property condition, age of systems, and external costs such as taxes. My Clients receive historical residential tax rates as part of the real estate market statistics provided.
Tax rates can be vastly different in cities and towns across Massachusetts; to learn more visit my residential tax page:
City and Town Research
In addition to local real estate market statistics, search the local city or town official website for assessor records as well as information about resident services.
Real Estate market statistics are vital for home sellers and buyers to understand fair market value and current trends. Learn more about my services as a Listing Agent or Buyer Agent on the following pages:
