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 Sales in January 2010

Welcome to the Cambridge Real Estate Sales Report

Welcome to the Cambridge Real Estate Sales Report

Before too many days go by let’s take a look at Cambridge real estate sales last month in January 2010

On the Market In Cambridge – January 31, 2010

On January 31, 2010  there were  211 homes in Cambridge Mass. on the market. Asking prices ranged from $189,900 to $4,900,000.  The median asking price was $499,900.  Average days on market for these properties was 145. 

One year ago there were  considerably more homes listed for sale in Cambridge – 289.  That’s a drop of 37%.  Thinking about selling your home in Cambridge? It’s a good time to sell – less competition and lots of real estate buyers hoping to find a place before the homebuyer credit expires at the end of April.

Cambridge Real Estate Sales in Jan. 2010

40 home sales closed in Cambridge during January for sale prices between $195,000 and $2,250,000.   Homes were on the market an average of 129 days.

9 single family homes sold in January 2010 for prices ranging from $275,000 to $2,250,000.  These houses had been on the market for an average of 84 days and sold on average for 97% of asking price.  The median sales price was $801,000.

27 condos sold in Cambridge during January for prices from $195,000 to $2,050,000.  The median condo sales price was $463,500.  Condominiums sold for an average of 96% of the list price.  Average days on market was 138.

4 multi-families sold last month for prices between $200,000 and $744,000. These properties sold for an average of 91% of asking price and were on the market an average of 166 days. 

$200,000 for a Cambridge two-family?!  That caught my eye.  Turns out it was a gutted, attached two-family with no heat, no working electricity, no walls – and a short sale to boot. Not your typical multi-family sale in Cambridge and not your typical sales price for a Cambridge multi-family.

The total value of residential real estate sold in Cambridge during January 2010 was $27,759,950.

Information from MLSpin.

Last month’s numbers:

Cambridge Real Estate Sales in 2009 and 2008



Categories: Real Estate Market Info

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