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Single family sales in Cambridge, MA in 2011 compared to 2010
It is interesting to reflect on the MLS single family sales figures in Cambridge, Massachusetts for 2011 compared to 2010.
Click on 2011 Cambridge, MA single family sales for an overview of 2011.
Click on 2010 Cambridge, MA single family 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 single family sales in 2011 vs. 2010:
- Total sales volume in 2011 was $122,531,413 – down $25,620,380 or 17% from 2010.
- Total number of sales in 2011 was 114, down 15 houses or 12% from 2010.
- Average days on market in 2011 was 69, down from an average of 72 days on market in 2010.
- Average sale price in 2011 was $1,074,837, down 6.5% from an average of $1,148,386 in 2010.
- Yield on the original list price was 95% in 2011, compared to 94% in 2010.
- Yield on the last asking price was 98% in 2011, compared to 97% in 2010.
Overall, one can conclude that the single family market in Cambridge, MA in 2011 was stable and slightly contracted.
Let’s now look at the market by price range:
Price range 2011 sales 2010 sales Differential
0 to $499,999 17 26 -9 single families
$500 to $999,999 57 45 +12 single families
$1.0 to $1,499,999 20 28 -8 single families
$1.5 to $1,999,999 6 11 -5 single families
$2.0 to $2,499,999 6 9 -3 single families
$2.5 to $2,999,999 2 4 -2 single families
$3.0+ 6 6 same number of single families sold
Observations:
Under $1,000,000, the market is +3 houses in 2011 compared to 2010: STABLE.
$3.0+ the number of sales is the same in 2011 and 210: STABLE.
The contraction in the market is in the price range between $1.0 and $2,999,999, with 18 fewer sales in 2011 compared to 2010.
It will be interesting to see how the single family market plays out in 2012. See on market snapshot for today compared to one year ago today.
There were 23 single family properties for sale in Cambridge, MA on January 17, 2011. Today, on January 17, 2012, there are 11 single family properties for sale in Cambridge, MA. There are now 7 singles for sale compared to 13 a year ago below $1,000,000 and now 2 (!) singles for sale compared to 9 a year ago between $1.0 and $1,999,999.
It will be interesting to see what this contraction in the market means in terms of value moving forward in time. If demand remains constant and supply slips, one would expect prices to rise.
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.
Duplex 3-Br, 3-Bath at 157 College Avenue in Powder House near Tufts outside Davis Square
157 College Avenue #1 is a first floor and lower level three-bedroom, three-bath condo near Tufts University in Powder House Square, close to Ball Square and just outside Davis Square and Red Line service to Boston. 157 College Avenue #1 scores an 88 on Walk Score – Very Walkable!
157 College Avenue looks out on green at Tufts University.
Across the street from 157 College Avenue #1 you will find trees and green grass on a green maintained by Tufts University. Just down the avenue on the other side of Powder House Circle from College Avenue is Nathan Tufts Park. Check out the panomoric view from the park!
157 College Avenue is in Powder House Square, close to Red Line in Davis Square.
Substantially rebuilt in 2006, 157 College Avenue is a two-unit association. 157 College Avenue #1 features an open plan with gas fireplace on the main living level, with crown moldings & 8’11 ceiling height. CHECK OUT THE FLOOR PLAN. A nice feature of the residence is the entry foyer with coat closet and French door opening onto the living room. TAKE A VIDEO TOUR RIGHT NOW.
Living room at 157 College Avenue.
The quality renovation at 157 College Avenue #1 includes a cook’s kitchen with cherry cabinets, pearl granite counters, and stainless steel appliances. Dine at the center island or in the inviting dining area centered on the front window bay.
Kitchen and dining area at 157 College Ave.
The main living level at 157 College Avenue #1 features two spacious bedrooms. The master bedroom features a walk-in closet with custom built-ins and master bath en suite.
Master bedroom at 157 College Avenue #1.
The second bedroom, located in the rear portion of 157 College Avenue #1, is a generous 15 x 15, making it larger than many master bedrooms. It also has -like the master bedroom – a ceiling fan. There is also a good size closet with built-ins. This bedroom is served by a second full bath with shower-tub on the main living level.
Spacious second bedroom on main level.
The lower level at 157 College Avenue #1 is a pleasant surprise. The large two-part suite found here features full-size windows, allowing for ample natural light. The third full bath is a rarity and makes the floor very functional. Additionally, there are private full-size laundry machines in a separate spacious laundry closet. Last but not least, there is a private storage room with direct access to the back hall and exit, making it easy to store bicycles, baby carriages and gear.
Spacious sitting area is part of light-filled suite on lower level.
The shared back yard at 157 College offers a place to grill and entertain and play.
Shared back yard at 157 College Avenue.
Out by the entrance, the front porch on the first floor is exclusively for 157 College Avenue #1. There is also an off-street parking space here for unit 1.
Exclusive use front porch for 157 College Avenue #1.
Additional extras at 157 College Avenue #1 include a gas fireplace and central air conditioning.
This is a wonderful home awaiting its new owner.If you are interested in learning more above 157 College Avenue #1, please be in touch. I am the listing broker. I can be reached at ccherney@hammondre.com or 617-733-8937.
Three-bedroom condos sold in Cambridge in 2011 between $675,000 and $825,000
Year-to-date, MLS reports that 27 three-bedroom condos in Cambridge have SOLD in 2011 in the price range $675,000 to $825,000.
Living room at 351 Walden #1. I listed and sold this condo in 2011 for $810,000.
A few observations about these 27 3-bedroom condo sale events in Cambridge in 2011:
- 16 of the 27 are townhouse style units.
- 12 of the 27 are newly renovated or new construction.
- 23 of the 27 feature parking for at least one car.
- Average living area 1,693 square feet.
- 11 of the 27 SOLD between $675,000 and $705,000.
- 13 of the 27 SOLD between $750,000 and $799,000.
- 3 SOLD between $800,000 and $825,000.
- Average days on market – 52 days.
- Average price per square foot $454.
- Average list price $753,696.
- Average sale price $744,056.
- 2 in Riverside neighborhood
- 5 in North Cambridge neighborhood
- 6 in Cambridgeport neighborhood
- 6 in Mid Cambridge neighborhood
- 8 in Peabody neighborhood
It is fascinating to see that the 3-br offerings in the 675 to 825 price range tend to gather into two price ranges (high 600s and high 700s) and that just over half the offerings are townhouses and just under half are newly renovated.
I would be happy to share with you additional thoughts and insights about these sale events 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.
46-2 Inman – New construction (2006) Townhome in Mid Cambridge between Harvard and MIT
46 Inman is a new construction building (2006) containing two town homes.
46-2 Inman is a new construction (2006) townhome in Mid Cambridge between Harvard and MIT. 46-2 Inman scores an 89 on Walk Score - a very convenient and walkable location. The Red Line with subway service to Boston is found at one end of the street in Central Square. At the other end of the street is Inman Square with its many shops and restaurants. Visit 46-2 Inman right now on the Cambridge For Sale channel on YouTube.
Private deck and garden at 46-2 Inman - an urban retreat.
46-2 Inman is part of Inman Court, a four-unit association in two buildings. An appealing aspect of 46-2 Inman is that the residence is set back from the street. A spacious deck off the living room steps down into a private garden, allowing 46-2 Inman to take full advantage of its nestled placement in the corner of the lot. This also affords 46-2 Inman a second off-street parking space – the only residence at Inman Court to enjoy a second spot.
Open and light-filled living room with gas fireplace.
The main living level at 46-2 Inman takes your breath away – an open plan with soaring 9’8 ceiling height and oversized windows allowing for ample natural light. Anchoring the living room is a gas fireplace. Direct access to the deck and private garden make for a true indoor-outdoor feeling for this urban retreat. The kitchen features a peninsula counter, stainless steel appliances and maple cabinets. A front hall with coat closet and access to half bath complete this level. The rarity of the amount of light and volume found here cannot be overemphasized.
Kitchen with peninsula counter opening onto main living area.
Upstairs on the bedroom level at 46-2 Inman is a good sized master bedroom with master bath en suite. Also found on this level is a second bedroom and second full bath, as well as a study and laundry closet. Overall, the top floor is very functional and well laid out.
Inside the master bedroom.
On the lower level at 46-2 Inman are an additional 565 square feet of finished space, including an area set up as a home office and ample storage. One could easily add a bath here – the plumbing is already in place. There is also direct access to both the garage parking space and second outdoor parking space. It is rare in Cambridge to have direct access to parking from within the home – no complaints on New England winter days!
View of deck and windows from living room.
If you are interested in 46-2 Inman I am here to help as the listing broker at Hammond Real Estate. I can be reached at ccherney@hammondre.com or 617-733-8937.
391 Concord Avenue: Appealing Condominium Residence in West Cambridge
Two condominium residences at 391 Concord Avenue in West Cambridge
391 Concord Avenue #1 is now SOLD. Sold for $343,000 on October 21, 2011. I served as the listing broker at Hammond Real Estate.
391 Concord #1 is located in West Cambridge, across from Callanan Playground and Tobin Field and close to Fresh Pond. The residence is very well maintained. All common areas have been freshly painted in the last several years, as well as the exterior of the house. Other recent improvements include back and front doors, the gutters, fencing, and a multi-zone irrigation system.
391 Concord Avenue #1. Unit 1 is an appealing renovated first floor two-bedroom, one-bath residence. It features an expansive double living room, as well as a cook’s kitchen opening onto a dynamite dining area with seven windows overlooking an exclusive use deck and shared rear yard. The sense of invitation and connection to the outdoors in this home is truly remarkable.
This is also a good-size luxury bath with glazed terra cotta tile, jet tub, and make-up station with three-piece Robern medicine cabinet mirror, as well as door connecting directly to master bedroom.
Additional highlights of 391 Concord Avenue #1 are the stunning fir floors, built-in desk and bookshelves in the second bedroom, and private laundry off the back hall. The high ceilings and recessed lights found throughout are another impressive feature. Ample storage on the lower level is a plus. Visitors find this to be a real home. One wants to linger here. For floor plan click HERE.
If you are interested in learning more about 391 Concord Avenue #1, I am here to help as the listing broker for this residence. I can be reached at ccherney@hammondre.com or 617-733-8937.
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