Cambridge and Somerville Real Estate RE/MAX

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.

 

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Cambridge, Massachusetts: First Half of 2017 Market Summary


Cambridge Market Stats First Half of 2017

The number of sales of residential properties (condominiums, single families, and multi-families) in Cambridge decreased by 5.05% in the first half of 2017, compared to the first half of 2016. There were 357 sales in the first half of 2017 compared to 378 sales in the first half of 2016.

Total market volume decreased by 6.2%. The first half of 2017 total volume was $368,428,365 compared to the first half of 2016 volume of $392,760,789.

The average sale price decreased by .677%. The average sale price in the first half of 2017 was $1,032,012, compared to $1,039,050 in the first half of 2016.

The median sale price increased by 2.56%. The median sale price in the first half of 2017 was $800,000, compared to $780,000 in the first half of 2016.

The lowest sale price was $297,000. The highest sale price was $4,750,000.

At the end of the first half of 2017, inventory decreased by 26.25% from the first half of 2016. On June 30, 2017, there were 59 units on the market. On June 30, 2016, there were 80 units on the market.


All statistics are from MLS Property Information Network.


Somerville, Massachusetts: First Half of 2017 Market Summary


Somerville First Half of 2017

The number of sales of residential properties (condominiums, single families, and multi-families) in Somerville decreased by 10.11% in the first half of 2017, compared to the first half of 2016. There were 311 sales in the first half of 2017 compared to 346 sales in the first half of 2016.


Total market volume decreased by 1.24%. The first half of 2017 total volume was $249,670,698 compared to the first half of 2016 volume of $252,806,706.

The average sale price increased by 9.87%. The average sale price in the first half of 2017 was $802,800, compared to $730,655 in the first half of 2016.

The median sale price increased by 9.04%. The median sale price in the first half of 2017 was $720,000, compared to $660,250 in the first half of 2016.

The lowest sale price was $250,000. The highest sale price was $2,150,000.

At the end of the first half of 2017, inventory decreased by 11.9% from the first half of 2016. On June 30, 2017, there were 74 units on the market. On June 30, 2016, there were 84 units on the market.

All statistics are from MLS Property Information Network.


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





Ed Abrams speaks about why he joined RE/MAX Destiny

 

 

 

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