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Massachusetts Home Buyer Guide

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Somerville, MA Condo Prices Up Through August 2015, Inventory Scarce

Oct 5, 2015 5:33:05 PM

The median price of a condominium in Somerville, Massachusetts increased 13.8 percent during the first eight months of 2015 to $557,500 compared to $490,000 during the same time frame last year, according to data compiled by the Massachusetts Association of Realtors.

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Topics: Real Estate Market, Community Information, Massachusetts Home Prices, Somerville MA

Somerville, MA Condo Prices Up, Sales Down First Quarter of 2015

May 14, 2015 5:56:11 AM

The median price of a condominium in Somerville, Massachusetts increased during the first three months of 2015, but tight inventory resulted in a decline in condo sales, according to data compiled by the Massachusetts Association of Realtors. 

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Topics: Real Estate Market, Community Information, Massachusetts Home Prices, Somerville MA

Somerville, MA Condos Continue Price Increases in September 2014

Nov 16, 2014 11:09:11 AM

The median price of a condominium in Somerville, Massachusetts increased in September to $455,000, a 7.7 percent increase compared to the $422,500 median price in September 2013, according to the Massachusetts Association of Realtors. 

Through the first nine months of the year, Somerville, MA condo prices increased 17.3 percent. The median condo price through September was $488,000. During the same period last year, the median condominium price was $416,000. In September, home buyers paid 102.2 percent of the original list price for condos, and they paid 103.1 percent of the original list price through the first nine months of 2014. Bidding wars and offers for more than list price for condominiums have been the norm recently in Somerville.

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Topics: Real Estate Market, Community Information, Massachusetts Home Prices, Somerville MA

Will Greater Boston Home Buyers Ditch Their Landlords in 2013?

Feb 14, 2013 10:15:00 PM

So how much house could you afford, if you ditched your $1,825 per month rent payment for a mortgage? Property taxes vary from town to town, and so do condo fees, but home buyers could probably afford about a $300,000 single-family home or condominium for $1,825 per month, give or take about $15,000.

Using today's interest rates – about 3.5 percent – you can calculate the cost of principal and interest on our simple mortgage calculator.

The Boston Businnes Journal reported February 8, 2013 that one sector of the economy is great. That's Boston's rental housing market, and landloards in the Greater Boston Area are making a killing. 

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Topics: Real Estate Market, Cambridge MA, Boston, Brookline MA, Somerville MA

   

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