Here’s a quick snapshot of what’s selling in the Somerville, Cambridge and Boston 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
January 2011 – October 2011 Sales:
Somerville:
Number of Lofts Sold: 28
Average List Price: $512,000
Average Sale Price: $496,000
Average Days on Market: 111
Average Price Per Square Foot: $363
Most Expensive Loft SOLD: $1,180,000
Least Expensive Loft SOLD: $310,000
Cambridge:
Number of Lofts Sold: 40
Average List Price: $548,000
Average Sale Price: $539,000
Average Days on Market: 57
Average Price Per Square Foot: $446
Most Expensive Loft SOLD: $960,000
Least Expensive Loft SOLD: $305,000
Boston (includes all neighborhoods):
Number of Lofts Sold: 223
Average List Price: $572,000
Average Sale Price: $552,000
Average Days on Market: 117
Average Price Per Square Foot: $482
Most Expensive Loft SOLD: $135,000
Least Expensive Loft SOLD: $2,145,000