Pent Up Demand In the Cambridge Real Estate Market

Contrary to what many people might expect, given pessimistic newspaper headlines and doomsday forecasting, there’s a lot of pent up demand in the Cambridge real estate market.

We’ve been working with low inventory for a while, as sellers hold back from listing their properties for sale in what they perceive to be a down market.  January is always a challenge – buyers are ready but new listings are slow to come on the market.

But if recent sales activity is any indication, the buyers are out there, ready to make an offer if they can find what they want.

Here are some recent examples from the Cambridge real estate market:

A Cambridgeport house that could be used as multi-family or a single family came on last week for $900,000 and received 16 offers.

A triple-decker in the Riverside neighborhood priced at over $1,000,000 received multiple offers.

An unrenovated (unspoiled is a better word – it still had lots of original charm) North Cambridge triple-decker recieved a dozen or so offers and sold for more than $100,000 over asking.

If you’ve been thinking of selling now may be a better time than you think.  If you want to find out what’s possible, you can reach me at 617-504-1737 or email me here.

Liz Bolton, ReMax Destiny

Categories: Real Estate Market Info, Seller Info
Tags: Cambridge

This entry was posted on Tuesday, January 17th, 2012 at 10:15 pm and is filed under Real Estate Market Info, Seller Info. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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