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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 – March 2009 Real Estate Market Statistics

Cambridge MAIt’s that time of the month again – time to look at the monthly real estate market statistics in Cambridge. The real estate market is busy and it is not uncommon for newly listed properties to sell during the first week on the market. The closed sales in March reflect the properties that went under agreement about six to eight weeks before.  Here are the March 2009 real estate sales in Cambridge:

355 residential properties were on the market in Cambridge on March 31, 2009. The lowest priced property was listed for $185,000, the most expensive for $4,850,000. Average days on market was 114.

36 property sales closed in Cambridge during March with an average sales price of $627,518.  The median sales price was $463,200.  Average days on market was 92.

7 single family sales closed in March.  Sale prices ranged from $471,500 to $2,895,000.  The median price was $975,000.  Average days on market was 93.

25 condos closed in March. The least expensive condominium sold for $262,500.  The most expensive condo sold for $1,250,000.  The median condo sales price was $419,000.  Condos sold for an average of 98% of the asking price.  Average days on market was 70.

Four multi-family sales closed in March. The lowest sale price for a multi-family was $352,351.  The highest price paid was $810,000.  Multi-families sold for an average of 92% of list price.  Average days on market was 222.

Total Cambridge closed residential real estate sales volume in March was $22,590,646.

  Also see:

Cambridge Real Estate Activity in January 2009
Cambridge Real Estate Activity in February 2009

Information from MLSpin.

Categories: Real Estate Market Info

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