Centers And Squares
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 Home Sales in 2009 and 2008
Cambridge Real Estate Year In Review
Here’s a look back at Cambridge home sales in 2009 and 2008 followed by the monthly numbers for December. All figures come from properties listed on the MLS, the Multiple Listing System.
The number of properties sold in Cambridge was down more than 8% and the dollar volume down just over 10%. However, the median price paid for Cambridge real estate barely budged and properties were on the market fewer days on average.
While there were increases in the number of Cambridge single families and multi-families sold, there were significantly fewer condos sold in Cambridge in 2009 than in 2008.
The decline in numbers of condos sold was not a matter of condos failing to sell – it was a function of fewer condominiums being listed for sale. In 2008 300 condos failed to sell while listed on the market (though the condos may have subsequently been relisted and sold) versus just 207 condos that “expired” in 2009.
With fewer properties from which to choose there are plenty of Cambridge real estate buyers who were unable to find the perfect place in 2009. If you’re thinking of selling Spring 2010 looks like a great time to put your home on the market.
Cambridge Real Estate Year In Review
Total properties sold in Cambridge:
- In 2009: 831 (-8.38%)
- In 2008: 907
Average days on market:
- 2009: 79 (-13.19)
- 2008: 91
Total value of real estate sales:
- 2009: $464,152,012 (-10.12%)
- 2008: $516,395,918
Properties sold for:
- 2009: An average of 97% of asking price and a median price of $440,000 (-.01%)
- 2008: An average of 97% of asking price and a median price of $444,000
Cambridge Single Family Sales
- 2009: 110 (+.92%)
- 2008: 109
Price range for single family homes:
- 2009: $260,000 to $4,850,000
- 2008: $240,000 to $4,921,500
Median price of single family houses sold:
- 2009: $761,250 (+.83%)
- 2008: $755,000
On average, single families:
- In 2009: were on the market 86 days & sold for 97% of asking price
- In 2008: were on the market 85 days & sold for 97% of asking price
Cambridge Condo Sales
- 2009: 666 (-10.97%)
- 2008: 748
Price range for condos:
- 2009: $172,500 to $1,990,000
- 2008: $150,000 to $2,800,000
Median price of condominiums sold:
- 2009: $415,000 (+.25%)
- 2008: $414,000
On average, Cambridge condos:
- In 2009: were on the market 78 days and sold for 97% of list price
- In 2008: were on the market 92 days and sold for 97% of list price
Cambridge Multi-Family Sales
- 2009: 55 (+10.0%)
- 2008: 50
Price range for multi-family properties:
- 2009: $352,351 to $1,095,000
- 2008: $340,000 to $1,450,000
Median price of multi-family houses sold:
- 2009: $695,000 (-7.46%)
- 2008: $751,000
On average, Cambridge multi-families:
- In 2009: were on the market 72 days and sold for 96% of list price
- In 2008: were on the market 98 days and sold for 95% of list price
Here are the end of the month numbers for Cambridge at the close of 2009:
Residential Properties On the Market In Cambridge
On December 31, 2009 there were 179 homes in Cambridge Mass. on the market. Asking prices ranged from $189,900 to $4,250,000. The median asking price was $499,900. Average days on market was 176.
Cambridge Home Sales – December 2009
52 home sales closed in Cambridge during December priced between $241,000 and $2,525,000. Homes were on the market an average of 85 days.
11 single family homes sold last month for prices ranging from $393,500 to $2,525,000. These houses had been on the market for an average of 110 days and sold on average for 95% of asking price. The median sales price was $1,015,000.
There were 38 condos sold in Cambridge during December for prices from $241,000 to $1,990,000. The median condo sales price was $490,000. Condominiums sold for an average of 97% of the list price and were on the market an average of 80 days.
3 multi-families sold last month for $357,000, $530,000 and $1,072,500. These properties sold for an average of 90% of asking price and were on the market an average of 58 days.
The total value of residential real estate sold in Cambridge during December 2009 was $35,676,900.
Information from MLSpin.
Last month’s numbers:
Nov 2009 Residential Real Estate Sales in Cambridge
SEARCH FOR CONDOS FOR SALE IN CAMBRIDGE
SEARCH FOR SINGLE FAMILY HOMES FOR SALE IN CAMBRIDGE
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