Welcome to Centers and Squares

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 Review – July 2009

Welcome to the Cambridge Home Sales Report

Welcome to the Cambridge Home Sales Report

It’s that time of the month again – time for a quick look back at the state of the real estate market in Cambridge MA in July 2009:  

On Market Snapshot

On July 31, 2009  there were 359 residential properties on the market in Cambridge MA.  That’s a significant drop from a month ago when 410 properties were active on the market.   

Asking prices ranged from $185,000 to $4,850,000. Average days on market was 121.

Cambridge Real Estate Sales during July 2009

124 residential property sales closed in Cambridge during July – the second month in a row where closed sales increased more than 25% over the previous month’s closings.  The average sales price was $571,333.  The median sales price was $442,000.  Average days on market was 68.

19 single family homes sold in July priced from $366,700 to $3,746,000.  Houses that sold had been on the market for an average of 68 days and sold for an average of 98% of asking price.

101 condos sold in July in Cambridge.  Wow!  Sales prices ranged from $200,000 to $1,400,000.  The median condo sales price in July was $420,000.  Condominiums sold for an average of 98% of the asking price and were on the market an average of 70 days.

4 Cambridge multi-family houses sold in July 2009 for sale prices from $676,500 to $1,000,000. The median sales price was $797,500.  Average days on market was 27. 

Total closed residential real estate sales volume in Cambridge in July was $70,845,340.

Information from MLSpin.

Last month’s numbers:

June 2009 Cambridge Real Estate Market Report

Categories: Real Estate Market Info

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