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As a Cambridge real estate agent, the city squares of Cambridge, Somerville and Medford and the town centers of Arlington, Watertown and Belmont, Massachusetts are my home turf. And as a lifelong New Englander who’s lived within twenty miles of Boston most of my life, I can introduce you to other nearby towns as we search for your new home. If you’re planning to sell your home in Cambridge, MA or nearby you’ll find plenty of info about the home selling process here too. Questions? Send me an email or call me at 617-504-1737.

Cambridge Real Estate Market – April 2010

Welcome to the Cambridge Real Estate Market Report

Welcome to the Cambridge Real Estate Market Report

The Cambridge real estate market has been cooking this spring  – spurred in part by the home buyers credit that ended in April.  Buyers trying to catch the credit have to close on their home purchases by the end of June so watch for increased sales figures in the next two months.  In the meantime let’s look at the sales that closed in the Cambridge real estate market in April 2010.

Homes For Sale In Cambridge – April 30, 2010

On April 30, 2010  there were  445 homes listed for sale in Cambridge MA.  Asking prices ranged from $199,000 to $4,500,000.  The median asking price was $539,000.  Homes had been on the market an average  of 80 days. 

Cambridge Real Estate Market in April 2010

75 home sales closed in Cambridge during April 2010 – an increase of more than 30% over last year when 57 sales closed in the month of April.  Last month, sale prices ranged between $185,000 and $1,390,000.   Average days on market was 94 days for these properties.

8 single families sold in April 2010 for prices ranging from $465,000 to $1,390,000.  Average days on market was 43 and houses sold on average for 96% of asking price.  The median sales price was $790,000.

Condos sold briskly this spring with 64 condominiums sold in Cambridge in April for sales prices from $185,000 to $829,000.  The median condo sales price was $411,250.  Condos sold on average for 98% of the asking price and had been on the market an average of 101 days.

Multi-family properties make up a much smaller part of the Cambridge real estate market since so many have been or are converted to condominiums. Just 3 multi-families sold in April for sales prices from $260,000 to $565,000.  The median price was $501,000. 

The total value of homes sold in Cambridge during April 2010 was $35,415,883.

Information about the Cambridge real estate market in April 2010  from MLSpin.

Last month’s numbers:

Cambridge Real Estate Sales in March 2010



Categories: Real Estate Market Info

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