*205 Richdale Ave...*'

The Abrams & La Brecque Team specializes in selling luxury real estate in Cambridge, Somerville, and adjacent towns. We serve sellers and buyers who want exceptional results in the process of selling or buying their homes. Our innovative marketing system consistently sells real estate quickly and for top dollar in any market conditions.

**Blog Highlights**

First Half of 2018 Market Summary

Cambridge, Massachusetts:

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The number of sales of residential properties (condominiums, single families, and multi-families) in Cambridge decreased by 16.53% in the first half of 2018, compared to the first half of 2017. There were 298 sales in the first half of 2018 compared to 357 sales in the first half of 2017.

Total market volume decreased by 4.04%. The first half of 2018 total volume was $353,542,788 compared to the first half of 2017 volume of $368,428,365.

The average sale price increased by 14.95%. The average sale price in the first half of 2018 was $1,186,385, compared to $1,032,021 in the first half of 2017.

The median sale price increased by 17.375%. The median sale price in the first half of 2018 was $939,000, compared to $800,000 in the first half of 2017.

The lowest sale price was $365,000. The highest sale price was $7,000,000.

At the end of the first half of 2018, inventory increased by 50% from the first half of 2017. On June 30, 2018, there were 84 units on the market. On June 30, 2017, there were 56 units on the market.

*All statistics are from MLS Property Information Network.*

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**Somerville, Massachusetts: First Half of 2018 Market Summary**

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The number of sales of residential properties (condominiums, single families, and multi-families) in Somerville increased by 20.7% in the first half of 2018, compared to the first half of 2017. There were 379 sales in the first half of 2018 compared to 314 sales in the first half of 2017.

Total market volume increased by 36.42%. The first half of 2018 total volume was $341,776,034 compared to the first half of 2017 volume of $250,531,198.

The average sale price increased by 13.02%. The average sale price in the first half of 2018 was $901,784, compared to $797,870 in the first half of 2017.

The median sale price increased by 11.5%. The median sale price in the first half of 2018 was $800,000, compared to $717,500 in the first half of 2017.

The lowest sale price was $138,672. The highest sale price was $3,400,000.

At the end of the first half of 2018, inventory increased by 37% from the first half of 2017. On June 30, 2018, there were 100 units on the market. On June 30, 2017, there were 73 units on the market.*All statistics are from MLS Property Information Network.*

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**Arlington, Massachusetts: First Half of 2018 Market Summary**

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The number of sales of residential properties (condominiums, single families, and multi-families) in Arlington increased by 8.93% in the first half of 2018, compared to the first half of 2017. There were 256 sales in the first half of 2018 compared to 235 sales in the first half of 2017.

Total market volume increased by 19.6%. The first half of 2018 total volume was $200,055,572 compared to the first half of 2017 volume of $167,273,847.

The average sale price increased by 9.79%. The average sale price in the first half of 2018 was $781,467, compared to $711,804 in the first half of 2017.

The median sale price increased by 10.95%. The median sale price in the first half of 2018 was $760,000, compared to $685,000 in the first half of 2017.

The lowest sale price was $178,000. The highest sale price was $2,260,000.

At the end of the first half of 2018, inventory increased by 32% from the first half of 2017. On June 30, 2018, there were 37 units on the market. On June 30, 2017, there were 28 units on the market.

*All statistics are from MLS Property Information Network.*

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Video Tour of 20 Hall Avenue, #2, Davis Square, Somerville

Ed Abrams speaks about why he joined RE/MAX Destiny

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