Davis Square Lofts, Somerville Market Update: March 2012
- By Paul Santucci
- Posted
Davis Square Lofts Market Update 2012 Davis Square Lofts is home to one of the Boston areas most unique and sought-after loft communities. Located in Davis Square, Somerville, the seven buildings consist of a combination of inspired & stylish converted factory and new construction units that have been thoughtfully constructed with environmentally responsibility in mind. Davis Square Lofts enjoys professional property management, gorgeous common courtyards, incredible location - steps to the Minuteman Bikeway & Davis Square, eclectic mix of residents, garage & outdoor parking, and a vibrant community. Below is an updated market report for the buildings sales*: On the Market: $539,000 (Under Agreement) 1 Bedroom / 1 Bath / 1175 Square Feet / 1 Outdoor Parking Space $750,000 1 Bedroom / 1 Bath / 1054 Square Feet / 1 Garage Parking Space $1,400,000 2 Bedrooms / 2 Baths / 3410 Square Feet / 2 Garage Parking Spaces 2011Sold Data: Number of Lofts Sold: 5 Average List Price: $611,000 Average Sale Price: $601,200 Average Days on Market: 242 Average Price Per Foot SOLD: $531 2010Sold Data: Number of Lofts Sold: 13 Average List Price: $583,146 Average Sale Price: $576,250 Average Days on Market: 77 Average Price Per Foot SOLD: $498 (* all information is gathered from MLS) MORE INFO: www.DavisSquareLoft.com Useful Davis Square Lofts & Somerville Links: http://davissquarelofts.com http://yourdavissquare.com http://www.thesomervillenews.com
Amenities | All Respondents | Men | Women |
Master Bathroom | 70% | 64% | 75% |
Walk-in Closet | 63% | 55% | 72% |
Gourmet Kitchen | 56% | 51% | 62% |
Outdoor Deck | 55% | 51% | 58% |
Wood Floors | 50% | 46% | 53% |
Pre-wired for entertainment system (e.g., home theater, surround sound) | 35% | 42% | 28% |
Pool | 27% | 27% | 26% |
Hot Tub | 24% | 26% | 22% |
Other | 15% | 15% | 15% |