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Cambridge Triple-Decker Sales
Cambridge Triple-Deckers Are Selling Well
Here’s a look at recent Cambridge triple-decker sales.
Many of Cambridge’s triple deckers have been converted from rental housing to condominiums. But there are a good number of extant triple-deckers and seven have changed hands since the beginning of the year.
Like most of Cambridge real estate this year, three-deckers sold quickly and well. Three of the seven sold for over asking. The average time on market was 36 days but five sold in two weeks or less.
These three-deckers were all around town – Strawberry Hill, Cambridgeport, Inman Square, North Cambridge, Huron Village, and just outside Harvard Square.
Here are the triple deckers that have sold so far in 2012 in Cambridge. The second column shows the total room, bedroom and bath count.
Triple Decker Sales in Cambridge
If you’re have questions about selling or buying a triple-decker in Cambridge or nearby, give me a call at 617-504-1737 or email me at [email protected]. I’d be happy to help. Elizabeth Bolton, Remax Destiny, Cambridge
What Does a Two-Bedroom Cambridge Condo In A House Cost?
Many Cambridge condos are in converted two- or three-family houses
Are you hoping to buy a condo in the Cambridge area? Wondering what you get for your money? Here’s a look at what you can expect to spend for a two-bedroom Cambridge condo in a converted two or three-unit house.
Last week we looked at Cambridge condo sales prices in larger buildings. Today we’ll look at sales of condominiums in converted multi-unit houses. Many Cambridge condos can be found in converted two-family houses or triple deckers.
What Does a Two-Bedroom Cambridge Condo In a House Cost?
In 2011 127 two-bedroom condominiums in two- or three-unit associations sold in Cambridge for prices ranging from $180,000 to $1,300,000.
The two-bedroom condo that sold for $180,000 was a foreclosure. It was the third-floor unit of a triple-decker in the Riverside neighborhood.
For $1,300,000 the most expensive condo was anything but typical. It was a one-of-a-kind,dramatic, architect-designed addition to an older Avon Hill house. It measured over 2,500 sq.ft. with two bedrooms, 3.5 baths and one parking space.
But what’s the average two-bedroom Cambridge condo in a house cost? For this let’s look at the median sales price in 2011.
The median sales price in 2011 for a two-bedroom condo in a two- or three-unit building was $420,000.
For $420,000 you got an 1100 sq.ft. two-bedroom, one-bath condo on the second floor of a triple-decker midway between Harvard and Central Squares. The condo had a back porch and did not have air conditioning. The laundry was in the basement and there was one tandem parking space. The house was built in 1920. Most two and three-unit houses in Cambridge were built in the late 1800s or early 1900s.
Prices for two-bedroom condos will vary by neighborhood, by level of renovation, by what amenities are included such as parking or in-unit laundry, etc.
SEARCH FOR CAMBRIDGE CONDOS FOR SALE
Pent Up Demand In the Cambridge Real Estate Market
There's 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
How Much Does a Two-Bedroom Cambridge Condo In a Building Cost?
Have you wondered how much a two-bedroom Cambridge condo costs?
If you’re thinking of buying real estate in Cambridge you’ll want to get an idea of what you get for the money. You’ll also want to think about housing styles – condo or house; condo in a house or condo in a building; townhouse or flat, etc.
Cambridge and surrounding towns have many condos in converted two- or three-family houses – the “2/3 family” style in the MLS that often mystifies buyers. Many condo buyers like this style – the condos are often charming, you may get a yard or shared outdoor space, and you’ll get to know your neighbors well.
Ofter Cambridge condo buyers prefer to look for condos in buildings. Sometimes it’s because of the amenities – an elevator, garage parking, or exercise facilities for example. Others prefer a larger building because there’s a management company and sometimes even building staff. Condo buildings in Cambridge span the decades – from charming turn-of-the-century buildings to modern high-rises.
Today we’ll look at Cambridge condos in buildings with ten or more units.
How Much Does a Two-Bedroom Cambridge Condo In a Building Cost?
In 2011, 144 two-bedroom condos sold in Cambridge in complexes with ten or more units. Sale prices ranged from $205,000 to $3,150,000.
At the low end of the price range, $205,000 bought a 683 sq.ft. two-bedroom condo in a 1965 brick building near the Alewife T. It’s the sort of building commonly built in the 1960s and 1970s – a brick box with a dozen units in what I think of as a split-level configuration. When you walk in the front door there are half a dozen stairs going up to the second floor and half a flight down to the first floor. The condo that sold for $205,000 was on the first level, partially below grade, and came with one parking space.
At the other end of the spectrum, for $3M+ you could have bought an expansive 2700 sq.ft. two-bedroom condo with 2.5 baths in a luxury condo building in Harvard Square. The condo. part of the Residences at Charles Square, had private gardens, two garage spaces, and acess to the amenities of the adjacent Charles Hotel, including the pool and room service.
But what’s the average Cambridge two-bedroom condo cost? For that, we’ll look at the median price in 2011. The median price for a two-bedroom Cambridge condo in a building with 10+ units was $$452,500 in 2011. Here are some examples of two-bedroom units that sold at that price point:
Two-bedroom condo at 205 Richdale Ave
A two-bedroom condo with 1.5 baths and one garage space sold at 205 Richdale Ave in Cambridge near Porter Square for $450,000. The condo, a two-level walk-up, was on the 3rd and 4th floors. The 40-unit complex was built in the late 1980s. The kitchen had its original white cabinets and counters with a new range and microwave. There was a deck off the dining area and central air conditioning in this 1290 sq.ft. condo.
Kitchen in a two-bedroom Cambridge condo
At 369 Franklin Street, near Central Square in Cambridge, a two-bedroom, two-bath condo sold for $450,000. The 18-unit building was constructed in 2003 and has an elevator, small exercise room, and garage parking. The 884 sq.ft. condo had central air conditioning, in-unit washer/dryer, and stainless steel appliances and granite counters in the kitchen.
Two bedroom Cambridge condos on Newport Road
A two-bedroom condo with one bath sold on Newport Road in Cambridge for $455,000. The Newport Road Condos in Porter Square were built in the early 1900s. This unit was a third floor walk-up and had rental parking and in-unit laundry. Like the other condos in this complex, the 1142. sq.ft. condo was very charming with a fireplace, high ceilings, hardwood floors, and good closets for a building of this period. The kitchen had been redone at some point with modern cabinetry and counters.
You can see all available 2+ bedroom Cambridge condos for sale by clicking the link below. If you see something you like or have questions about buying real estate in Cambridge or nearby – give me a call at 617-504-1737 or contact me by email.
Liz Bolton, ReMax Destiny, Cambridge
SEARCH FOR TWO-BEDROOM+ CAMBRIDGE CONDOS FOR SALE
Watertown MA Real Estate Market – January-October 2011
Watertown MA Real Estate Market Review
Here’s a look at how the Watertown MA real estate market is faring in 2011.
The numbers for the same period in 2010 are in parentheses for comparison.
On October 31, 2011, 114 residential properties were listed for sale in Watertown. That’s a large decrease, more than 26%, from the same time last year when 155 properties were on the market.
For the market as a whole the median price was up by 6%. That wasn’t true of single family houses with a median sale price this year through October of $420,375 compared to $482,500 last year. That may in part be due to a different mix in what was offered for sale. In the first 10 months of last year 27 homes sold for more than $500,000 vs. just 20 this year during the same period.
The mix of properties sold this year in Watertown was quite a bit different than last: fewer condos sold this year while single family house sales were up and considerably more multi-unit houses have sold this year.
Residential Real Estate Sold in Watertown – Jan-Oct 2011 (2010)
- 260 properties sold (247)
- Average days on market = 95 (91)
- Properties sold for an average of 96% of asking price (97%)
- Median price of $380,000 ($357,500)
Watertown Single Family Sales – Jan-Oct 2011 (2010)
- Total sold: 70 (57 )
- Sale prices ranged from $240,000 – $1,250,000 ($135,000 – $879,000)
- Median price: $420,375 ($482,500)
- Average days on market: 73 (66)
- On average, houses sold for 97% of asking price (96% )
Watertown Condo Sales – Jan-Oct 2011 (2010)
- Total sold: 129 (155)
- Sale prices ranged from $163,100 – $1,435,000 ($150,000 – $1,105,000)
- Median price: $325,000 ($320,000)
- Average days on market: 108 (112)
- On average, condos sold for 96% of asking price (96%)
Watertown Multi-Family Sales – Jan-Oct 2011 (2010)
- Total sold: 61 (35)
- Sale prices ranged from $296,000 – $667,500 ($155,000 – $665,000)
- Median price: $497,000 ($490,000)
- Average days on market: 91 (37)
- On average, multi-unit houses sold for 96% of asking price (98% )
Info about the Watertown MA real estate market in 2011 (2010) from MLSpin
Belmont MA Real Estate Market – January-October 2011
Welcome to the Belmont Real Estate Market Report
How is real estate doing in Belmont MA this year? While we pause for a bit for the holidays it’s a good time to look back to get a sense of the real estate market activity in Belmont this year with a look at the numbers for January through October 2011.
The numbers for the same period in 2010 are in parentheses for comparison.
On October 31, 2011, 79 properties were listed for sale in Belmont. That’s a drop of more than 11% from the same time last year when 89 properties were on the market.
The Belmont real estate market is healthier this year than last. Perhaps lower inventory has something to do with it but on average properties are selling more quickly – 67 average days on market this year vs. 109 last year, and the median price is up too: $634,500 vs. $626,500. Numbers of properties sold has increased by 10% over sales in the same period in 2010.
Residential Real Estate Sold in Belmont – Jan-Oct 2011 (2010)
- 234 properties sold (213)
- Average days on market = 67 (109)
- Properties sold for an average of 98% of asking price (97%)
- Median price of $634,500 ($626,500)
Belmont Single Family Sales – Jan-Oct 2011 (2010)
- Total sold: 125 (118 )
- Sale prices ranged from $400,000 – $2,675,000 ($320,000 – $2,731,377)
- Median price: $700,00 ($707,500)
- Average days on market: 51 (77)
- On average, houses sold for 98% of asking price (97% )
Belmont Condo Sales – Jan-Oct 2011 (2010)
- Total sold: 81 (72)
- Sale prices ranged from $145,000 – $1,337,500 ($166,000 – $1,100,000)
- Median price: $383,000 ($372,500)
- Average days on market: 95 (173)
- On average, condos sold for 98% of asking price (98%)
Belmont Multi-Family Sales – Jan-Oct 2011 (2010)
- Total sold: 28 (23)
- Sale prices ranged from $395,000 – $760,000 ($425,000 – $760,000)
- Median price: $562,500 ($587,000)
- Average days on market: 53 (73)
- On average, multi-unit houses sold for 98% of asking price (98% )
Info about the Belmont MA real estate market in 2011 (2010) from MLSpin
Cambridge MA Real Estate Market – January – October 2011
Cambridge MA Real Estate Market
How’s the real estate market in Cambridge? People are always asking. Let’s pause a moment, before we head into the holidays, and look back to see what kind of year we’ve had so far. Here’s a review of Cambridge MA real estate market activity for January through October 2011.
For comparison, the numbers for the same period in 2010 are in parentheses.
2011 looks a lot like 2010 in the Cambridge real estate market. The number of properties sold is up by 3% despite the low inventory. The median price has barely budged for the market as a whole and the average time it takes to sell is unchanged. Median price changes by property type may be due to the mix of what’s been available for sale.
On October 31, 2011, 221 properties were listed for sale in Cambridge. That’s a huge drop in inventory levels from last year at this time when 373 residential properties were on the market. Cambridge real estate agents have been grumbling about low inventory and with numbers like these it’s no wonder that buyers are having a challenging time finding what they want.
Residential real estate sold in Cambridge – Jan-Oct 2011 (2010)
- 743 properties sold (720)
- Average days on market = 79 (78)
- Properties sold for an average of 97% of asking price (97%)
- Median price of $465,000 ($462,000)
Cambridge Single Family Sales – Jan-Oct 2011 (2010)
- Total sold: 94 (95 )
- Sale prices ranged from $280,000 – $3,750,000 ($275,000 – $4,250,000)
- Median price: $844,250 ($862,500)
- Average days on market: 74 (70)
- On average, houses sold for 97% of asking price (97% )
Cambridge Condo Sales – Jan-Oct 2011 (2010)
- Total sold: 600 (569)
- Sale prices ranged from $164,000 – $3,450,000 ($175,500 – $4,250,000)
- Median price: $423,875 ($430,000)
- Average days on market: 81 (81)
- On average, condos sold for 97% of asking price (98%)
Cambridge Multi-Family Sales – Jan-Oct 2011 (2010)
- Total sold: 49 (56)
- Sale prices ranged from $282,000 – $1,900,000 ($200,000 – $6,651,100)
- Median price: $775,000 ($707,500)
- Average days on market: 69 (71)
- On average, multi-unit houses sold for 97% of asking price (96% )
SEARCH FOR CONDOS FOR SALE IN CAMBRIDGE MASS
SEARCH FOR SINGLE FAMILY HOMES FOR SALE IN CAMBRIDGE MA
Info about Cambridge MA real estate market in 2011 (2010) from MLSpin
Arlington MA Real Estate Market – January-October 2011
Arlington MA Real Estate Market Report
Before we pause for the holidays let’s take a look back and see how the Arlington MA real estate market is doing. Here’s a review of Arlington MA real estate market activity for January through October 2011.
The numbers for the same period in 2010 are in parentheses.
Arlington real estate activity in 2o11 looks a lot like the market in 2010: houses and condos took longer to sell but the median price for Arlington real estate barely budged and the number of properties sold declined by less than 2%.
On October 31, 2011 121 properties were listed for sale in Arlington. That’s a big drop in inventory levels from last year at this time when 165 residential properties were on the market.
Residential real estate sold in Arlington – Jan-Oct 2011 (2010)
- 419 properties sold (427)
- Average days on market = 64 (53)
- Properties sold for an average of 98% of asking price (98%)
- Median price of $470,000 ($470,500)
Arlington Single Family Sales – Jan-Oct 2011 (2010)
- Total sold: 217 (224 )
- Sale prices ranged from $243,000 – $1,250,000 ($244,899 – $1,220,000)
- Median price: $520,000 ($507,100)
- Average days on market: 63 (48)
- On average, houses sold for 98% of asking price (99% )
Arlington Condo Sales – Jan-Oct 2011 (2010)
- Total sold: 179 (172)
- Sale prices ranged from $84,000 – $759,000 ($120,000 – $807,000)
- Median price: $357,000 ($375,500)
- Average days on market: 65 (58)
- On average, condos sold for 98% of asking price (98%)
Arlington Multi-Family Sales – Jan-Oct 2011 (2010)
- Total sold: 23 (31)
- Sale prices ranged from $325,000 – $660,000 ($338,000 – $855,000)
- Median price: $552,000 ($585,000)
- Average days on market: 58 (57)
- On average, multi-unit houses sold for 97% of asking price (98% )
SEARCH FOR ARLINGTON MASS REAL ESTATE
Info about Arlington MA real estate market in 2011 (2010) from MLSpin
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