My local real estate market statistics show the average home price in Cambridge, Arlington, Belmont, Medford, and Somerville MA.
Real Estate Market Statistics
How Is The Market? In addition to the average home price my real estate statistics include the total number of homes sold, median home price, and the sale price to original price ratio from 2019-2022. 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 in real estate requires far more than an algorithm or statistics alone. To gain a deep level of understanding of a market one must see homes in person.
I enjoy previewing homes with and for my Clients. Sometimes I preview homes purely for comparison sake 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) to help Clients see 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!
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.