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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 Home Sale Report – August 2010

Welcome to the Cambridge Real Estate Report

Welcome to the Cambridge Real Estate Report

Here’s a quick recap of Cambridge home sale activity in August 2010.  Sales were up significantly over July’s numbers – showing that one month’s numbers do not make a trend despite the media’s rush to judgement.

Cambridge Real Estate On the Market – August 31, 2010

On August 31, 2010  there were  319 residential properties listed for sale in Cambridge priced from $170,000 to $4,000,000.  The median asking price was $499,000.  Properties had been on the market an average  of 119 days. 

Cambridge Home Sale Activity – August 2010

111 homes sold in Cambridge during August 2010 – an increase of more than 10% over July’s sales when 98 properties sold.  Sales prices ranged from $213,000 t0 $4,250,000.   These properties had been on the market an average of 61 days.  August 2010 sales numbers were down significantly from August 2009 when 127 properties sold.

16 single family houses sold in August 2010 for prices ranging from $380,000 to $2,120,000.  Average days on market was 85 and these houses sold on average for 98% of asking price.  The median sales price was $832,500.

85 condos sold in Cambridge in August for sales prices from $213,000 to $4,250,000.  The median condo sales price was $457,500.  Condos sold on average for 97% of the asking price and were on the market an average of 80 days.

10 multi-family houses sold in August. Sales prices ranged from $350,000 to $1,250,000.  Average days on market was 90.

The total value of Cambridge homes sold in August 2010 was $68,150,670.

Information about the Cambridge home sales in August 2010  from MLSpin.

Last month’s numbers:

Cambridge Homes Sold in July 2010

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