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Top 10 Cambridge, MA Condo Sales of 2011
Here is my list of the TOP TEN Cambridge, MA condo sale events of 2011. I am counting down from 10 to 1 by sale price in ASCENDING ORDER.
10. 303 Broadway Unit 1R. A one-bedroom condo set back from the street with its own private entrance?!? How cool is that! Functions more like a single family. I served as the listing broker at Hammond Real Estate for this renovated 1-bedroom residence. Other highlights here include intelligent floor plan, in-unit laundry hook-ups, high ceilings, central air. SOLD for $328,000.
Private entrance for 1-br at 303 Broadway 1R.
9. 2 Union Terrace Unit 2B. To be or not 2B? Incredible one-bedroom on second floor with private entrance on first floor and roof deck up above. And there is also parking for one car and central air. Purchased by one of my buyer clients. SOLD for $342,000.
8. 22 Bradbury Unit A. A 1-br outside of Harvard Square in the Riverview association. This unit in the smaller building on Bradbury Street. Exceptional 2007 renovation. SOLD for $390,000. A Hammond Real Estate listing.
7. 141 Elm. New construction contemporary townhouse on four levels designed by Campbell Ellsworth. Listed as a 3-br residence but functions as a 2-br plus study. Three full baths. Nice private outdoor space. One of four units in the association in two buildings. Partially covered parking for one car. Right behind Oleana Restaurant. SOLD for $630,000.
Deck off master bedroom at 141 Elm
6. 11 Wright #3. Top floor 2-br, 2-bath condo close to Harvard Square with GARAGE PARKING plus one additional off-street parking space. Sky high ceilings here another added bonus. A Hammond Real Estate listing. SOLD for $646,300.
5. 57 Regent #4. A loft-style 2-br, 2-bath condo with its own private entrance and off-street parking for two cars. Close to the commuter rail line in Porter Square. I served as the listing agent at Hammond Real Estate for this offering, which SOLD for $658,000.
Private entrance for loft-style residence at 57 Regent #4.
4. 988 Memorial Drive Unit 403. Renovated 1,242 square foot 2-br, 2-bath unit with views of the Charles River. A Hammond Real Estate listing. This residence features in-unit side-by-side laundry, a rarity in this building. SOLD for $715,000.
3. 28 Clinton. I served as the listing broker at Hammond Real Estaet for this offering. A picture-perfect Victorian townhome on four levels with the look and feel of a single family. Multiple offers and SOLD for $935,250 (over the asking price of $929,000).
Handsome front facade of 28 Clinton in Mid Cambridge.
2. 11 Avon. New construction end unit townhouse with 3 bedrooms and 2.5 baths and garage parking with direct access to the residence. A Hammond Real Estate listing. A highlight here is the expansive private back yard. SOLD for $1,295,000. A Guy Asaph project – one of three in the association.
Expansive back yard at 11 Avon.
1. 128 Oxford. WOW! What a space. A Hammond Real Estate listing. One of the most dramatic residences I have ever seen in Cambridge. A carpentry shop (1908) was comprehensively renovated by S&H to incorporate luxury and comfort into a superb loft-style layout. Fantastic spaces, unusually high ceilings with skylights. Set back from street. A hidden gem. SOLD for $1,700,000.
Dramatic open plan main living area at 128 Oxford.
Are you looking to buy or sell in Cambridge? I am a Harvard graduate, Cambridge resident, and top real estate broker in the area since 1999. To gain access to photos and descriptions of all MLS properties now for sale in Cambridge and Somerville, MA log in as as new visitor at CharlesCherney.com.
The Cambridge and Somerville Real Estate Blog.
1365 Cambridge Street: Loft in the heart of Inman Square
1365 Cambridge Street #3 is a light-filled loft-style duplex two-bedroom condominium in the heart of Inman Square. 1365 Cambridge #3 scores a 94 on Walk Score – Walker’s Paradise! Inman Square is literally on your doorstep. Enjoy 1369 Coffee House, Ryles Jazz Club, Lorem Ipsum Books – and so much more!
Take a VIDEO TOUR of 1365 Cambridge #3 RIGHT NOW!
Take a VIDEO TOUR OF Inman Square RIGHT NOW!
1365 Cambridge is loft-style residence in the heart of Inman Square.
1365 Cambridge #3 is arguably the finest loft in Cambridge. Renovated in 2005 by Aedi Construction, 1365 Cambridge #3 is the sole residential unit in a three-unit building. It is a duplex condo located on the top two floors of a three-story building. Stunning open plan on the main living level, with an exposed brick wall and wood beam ceiling. The expansive open space overlooks Inman Square and is ideal for entertaining. Check out the floor plan.
Light-filled living area at 1365 Cambridge #3.
The living room area flows nicely into the dining area in the wide open plan at 1365 Cambridge #3.
Wine and dine in this generous dining area at 1365 Cambridge #3.
A spacious black and white kitchen with cork floor and stainless steel appliances is a perfect compliment to the living and dining areas at 1365 Cambridge #3.
Wow! Inviting black and white kitchen with cork floor.
Also found on the first floor at 1365 Cambridge #3 is a study alcove tucked into inviting corner near one of the front windows overlooking Cambridge Street.
Recessed alcove is a perfect desk nook.
Completing the first floor at 1365 Cambridge #3 is a full bath and direct access to a private staircase leading to the exclusive off-street parking space for one car. Very convenient!
On the top floor at 1365 Cambridge #3 you will find two good-size bedrooms with double-door closets and a full bath with full-size laundry. There is also additional closet and attic storage.
Front bedroom. You can see Boston out the window here.
Extras include central AC & alarm. This is a very rare offering.
For more information about 1365 Cambridge #3 in Cambridge, please be in touch. I am the listing broker. I can be reached at ccherney@hammondre.com or 617-733-8937. I am a Harvard graduate, an Inman Square resident and a top broker in Cambridge & Somerville since 1999.
To gain access to photos and descriptions of all MLS properties now for sale in Cambridge and Somerville, MA log in as as new visitor at CharlesCherney.com.
The Cambridge and Somerville Real Estate Blog.
60 Magnolia Avenue Unit 3 – Top floor 2-br near Harvard
- 60 Magnolia Avenue #3 is now SOLD. It closed on January 27, 2012 for $405,000. I served as the listing broker for the seller. 60 Magnolia Avenue #3 is a delightful light-filled top floor two-bedroom condo near Harvard and close to Inman Square in Mid-Cambridge. 60 Magnolia Avenue #3 scores a 91 on Walk Score - Walker’s Paradise! Out front you will find trees and white picket fences and brick sidewalks in a classic Cambridge neighborhood. At the end of the block is Kirkland Village, home to Savenor’s Market (where world-famous chef Julia Child shopped in her Cambridge days) and The Wine and Cheese Cask (offering the area’s best selection of wine and cheese from around the world). You will also find several restaurants (including Bergamot) and a very inviting cafe - The Biscuit. All this and more on your doorstep!
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60 Magnolia Avenue - brick sidewalks make the block even more appealing. A classic Cambridge neighborhood.
The Biscuit - great cafe in Kirkland Village near 60 Magnolia.
Just as inviting as the neighborhood is 60 Magnolia Avenue #3 itself. Located on the top floor, this 2007 renovated residence is part of a four-unit association, with all units owner-occupied.
Especially appealing is the layout of 60 Magnolia Avenue #3. The main living area is a very functional L-shape, with the living room and dining room and kitchen flowing together but still functioning as discrete areas. Ceiling height of 8.5′ makes the rooms inviting – as does the gas fireplace in the corner of the dining room and visible from all principal rooms.
Living room at 60 Magnolia Avenue Unit 3.
Dining room with gas fireplace.
The kitchen at 60 Magnolia Avenue #3 features stainless steel appliances and granite countertops and has been impeccably maintained since being renovated. Everyone will LOVE the walk-in laundry closet off the kitchen, complete with full-size stack machines, included in the sale.
Spacious and inviting kitchen with door to private deck.
A real highlight of 60 Magnolia Avenue #3 is the expansive 16 x 9 covered deck accessible via a glass slider door off the kitchen (see above). To find a deck this size for a condo in Cambridge is RARE. As an added bonus, the deck is newly rebuilt in 2011!
Dynamite private deck for 60 Magnolia #3. Party time!
Another appealing aspect of 60 Magnolia Avenue #3 is the separation of the bedrooms from the main living area. Both bedrooms and the full bath are off the central hall. The master bedroom is located at the end of the hall and apart from the rest of the residence – ideal for privacy. The master bedroom itself is well served by a big bay with oversized windows and a good-size closet with built-ins to maximize efficiency.
Spacious master bedroom is ideally situated at end of hall.
The second bedroom at 60 Magnolia Avenue #3 is as big as some master bedrooms in other condos in this price range. As for the full bath, it is also refreshingly large and served by a good-size vanity and shower-tub. A big window adjacent to the sink brings in lots of natural light.
Full bath is striking for its size and light.
Extras at 60 Magnolia Avenue #3 include central air conditioning, hardwood floors, and replacement windows. To top if off, there is a private storage room on the lower level, accessible via the back stairs.
If you are considering buying or selling real estate in Somerville or Cambridge, I am here to help. I can be reached at ccherney@hammondre.com or 617-733-8937. I am a Harvard graduate, an Inman Square resident and a top broker in Cambridge & Somerville since 1999.
To gain access to photos and descriptions of all MLS properties now for sale in Cambridge and Somerville, MA log in as as new visitor at CharlesCherney.com.
The Cambridge and Somerville Real Estate Blog.
Somerville, MA Condo Sales Stats for 2011 compared to 2010
New luxury condos overlooking bike path outside Davis Square. Visit www.DiscoverDavisSquare.com.
It is interesting to reflect on the MLS condo sales figures in Somerville, Massachusetts for 2011 compared to 2010, and to take stock of where we are at in 2012.
Click on 2011 Somerville, MA condo sales for an overview of 2011.
Click on 2010 Somerville, MA condo sales for an overview of 2010.
Let’s see what observations can be made about the sales in 2011 compared to 2010.
Observations regarding Somerville, MA condo sales in 2011 vs. 2010:
- Total sales volume in 2011 was $136,783,500 – down $4,653,618 or 3% from 2010.
- Total number of sales in 2011 was 350, down 24 condos or 6% from 2010.
- Average days on market in 2011 was 89, up from 84 in 2010.
- Average sale price in 2011 was $390,810, up 3% from an average sale price of $378,174 in 2010.
- Yield on the original list price was 95% in 2011, compared to 96% in 2010.
- Yield on the last asking price was 98% in 2011, exactly the same as in 2010.
Overall, one can conclude that the condo market in Somerville, MA in 2011 was very stable and in line with 2010.
Let’s now look at the market by price range:
Price range 2011 sales 2010 sales Differential
0 to $499,999 287 315 -28 fewer condos in 2011
$500 to $999,999 61 59 +2 more condos in 2011
$1.0 and up 2 0 +2 more condos in 2011
These numbers paint a picture of a healthy condo market in Somerville, MA at the end of 2011. It is especially interesting to note that in 2010, there were NO condo sales for more than $800,000 in Somerville, MA , while in 2011 there were 10 condo sales in Somerville, MA north of $800,000, including 7 condo sales between $900,000 and $1,000,000!
It will be interesting to see how the Somerville, MA condo market plays out in 2012. See on market snapshot for Somerville, MA condos today compared to one year ago today. There were 95 condos for sale in Somerville, MA on January 24, 2011. Today, on January 24, 2012, there are 85 condos for sale in Somerville, MA. There are now 64 condos for sale below $500,000 compared to 82 condos a year ago below $500,000. Between $500,000 and $1.0, there are 7 more condos for sale today compared to a year ago. North of a million, there is one condo for sale in Somerville, MA today.
I would be happy to share with you additional thoughts and insights about the market and be of assistance to you with buying or selling. If you are considering buying or selling real estate in Somerville or Cambridge, I am here to help. I can be reached at ccherney@hammondre.com or 617-733-8937. I am a Harvard graduate, an Inman Square resident and a top broker in Cambridge & Somerville since 1999.
To gain access to photos and descriptions of all MLS properties now for sale in Cambridge and Somerville, MA log in as as new visitor at CharlesCherney.com.
The Cambridge and Somerville Real Estate Blog.
Cambridge, MA Condo Sales Stats for 2011 compared to 2010
28 Clinton in Mid Cambridge. I listed and sold this condo in 2011 for $935,250. The list price was $929,000.
It is interesting to reflect on the MLS condo sales figures in Cambridge, Massachusetts for 2011 compared to 2010, and to take stock of where we are at in 2012.
Click on 2011 Cambridge, MA condo sales for an overview of 2011.
Click on 2010 Cambridge, MA condo sales for an overview of 2010.
Let’s see what observations can be made about the sales in 2011 compared to 2010.
Observations regarding Cambridge, MA condo sales in 2011 vs. 2010:
- Total sales volume in 2011 was $355,475,682 – up $28,767,172 or 8% from 2010.
- Total number of sales in 2011 was 713, up 51 condos or 7% from 2010.
- Average days on market in 2011 was 82, exactly the same as in 2010.
- Average sale price in 2011 was $498,563, up 6.5% from an average sale price of $493,517 in 2010.
- Yield on the original list price was 95% in 2011, compared to 96% in 2010.
- Yield on the last asking price was 97% in 2011, exactly the same as in 2010.
Overall, one can conclude that the condo in Cambridge, MA in 2011 was very stable and slightly improved over 2010.
Let’s now look at the market by price range:
Price range 2011 sales 2010 sales Differential
0 to $499,999 483 447 +36 more condos in 2011
$500 to $999,999 203 189 +14 more condos in 2011
$1.0 and up 27 26 +1 more condos in 2011
These numbers paint a picture of a healthy condo market in Cambridge at the end of 2011.
It will be interesting to see how the Cambridge, MA condo market plays out in 2012. See on market snapshot for Cambridge, MA condos today compared to one year ago today. There were 171 condos for sale in Cambridge, MA on January 23, 2011. Today, on January 23, 2012, there are 92 condos for sale in Cambridge, MA. There are now 53 condos for sale below $500,000 compared to 106 condos a year ago below $500,000. Between $500,000 and $1.0, there are 22 fewer condos for sale today compared to a year ago. North of a million, there are 4 fewer condos for sale today than a year ago.
What impact will reduced inventory have on Cambridge condo prices in 2012? If demand remains on par with last year and inventory does not catch up with last year’s supply, one would expect prices to rise. The reduced inventory levels are surprising, especially when one considers that we are having a mild winter and hence weather is not a likely explanation for why there are fewer listings today compared to a year ago today. Indeed, a year ago today, we were still under siege with the snow. If anything, one would have expected fewer listings a year ago today. Go figure.
I would be happy to share with you additional thoughts and insights about the market and be of assistance to you with buying or selling. If you are considering buying or selling real estate in Cambridge or Somerville, I am here to help. I can be reached at ccherney@hammondre.com or 617-733-8937. I am a Harvard graduate, a Cambridge resident and a top broker in Cambridge & Somerville since 1999.
To gain instant access to photos and descriptions of all MLS properties now for sale in Cambridge and Somerville, MA log in as as new visitor at Cambridge Real Estate.
The Cambridge Real Estate Blog.
