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Somerville hot, not deluded, booster says

Posted by Scott Van Voorhis February 20, 2014 09:00 AM

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Long-time Somerville homeowner and cheerleader FormerlyF took exception to my blog post questioning whether some Somerville sellers might be getting a bit carried away. Actually not just carried away, but deluded even.

You see, the number of Somerville listings priced at $700,000-and-up as exploded, now making up more than 41 percent of all the homes on the market in the city. That's compared to just 7.5 percent last year.

We are talking about a total of 17 homes, including 2 priced at over a million.

(Of course, if you want to see a lot of high-priced listings, Somerville still can't hold a candle to Cambridge. I just counted well more than a dozen listings on Redfin of $1 million and up, including this gorgeous old mansion near Harvard Square being offered for $7.2 million.)

But FormerlyF contends the Somerville sellers aren't deluded, but rather well poised to cash on in what will be a hot spring market. If anybody is going to be having the last laugh here, it will be all those Somerville sellers who cash in for big prices, not the online scoffers, he argues. (OK, I'm paraphrasing, but you get the point.)

Somerville and Cambridge offer a special blend of urban living that you just won't find in Boston or out in the burbs.

Says FormerlyF:

You can deny it if you want, but ALOT of people seek out Somerville as a place to live. Cambridge and Somerville have a vibrancy and culture to them that the rest of the Boston area very sorely lacks.

Basically, you ain't seen nothing yet, or so the saying goes. As evidence, FormerlyF offers us these links to Somerville condos and homes that fetched over a million.

Condos:


8 Howard Street, Unit 2, $1,325,000
7 Park Ave, Unit 1, $1,040,000
23 Village Street, $1,025,000

Homes:

31 Winslow Ave, $1,230,000
20 Elston Street, $1,150,000
120 Summer Street, sold for over $800,000, leveled for new and obviously much more expensive construction.

Buying FormerlyF's argument? Convinced yet?




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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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