Cambridge Portfolios LLC
Cambridge Portfolios
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Cambridge Real Estate Market Update – 2015

Sold Price Ranges by Category 

Neighborhood Single Family 2-Family 3-Family
East Cambridge $700,000 to $1,355,000 $761,000 to $1,028,000 $849,000 to $1,859,000
Kendall Square $555,000 to $1,365,000 $1,275,000 $1,791,000
Area IV $530,000 to $1,300,000 $1,010,000 to $1,110,000 $849,000
Central Square $510,000 to $1,450,000 $765,000 to $1,285,000 No Sold Data
Cambridgeport $510,000 to $1,250,000 $839,000 to $1,750,000 $900,000 to $1,900,000
Mid-Cambridge $1,290,000 to $2,655,000 $1,300,000 to $1,825,000 $2,562,000
Harvard Square $955,000 to $3,950,000 $850,000 No Sold Data
Agassiz/Avon Hill $1,100,000 to $2,850,000 No Sold Data No Sold Data
Porter Square $485,000 to $2,525,000 $990,000 to $1,301,000 No Sold Data
North Cambridge $450,000 to $1,337,000 $745,000 to $1,200,000 $800,000 to $1,200,000
West Cambridge $730,000 to $3,900,000 $1,320,000 to $2,400,000 No Sold Data

 

Single Family Home Analysis

  • 85 Single Family homes have sold so far in 2015 with an average sales price of $1,542,836 compared to 2014 where 119 Single Family houses sold for an average sales price of $1,460,107
  • Single Family Homes have been on the market on average of only 30 days in 2015 compared to 2014 performance where homes were on market an average of 32 days.
  • Single Family homes have increase an average of 5.3% in value from last year

 

Multi-Family Home Analysis 

  • 59 Multi-Family houses have sold so far in 2015 with an average sales price of $1,294,083 compared to 2014 where 76 Multi-Family houses sold for an average sales price of $1,336,796
  • Multi-Family homes have been on the market on average only 34 days in 2015 compared to 2014 performance where homes where on market an average of 42 days.
  • Multi-Family homes have decreased an average of 3% in value from last year. The height of the market for Multi-Family Sales in Cambridge was 2014.

 

Sale prices have increased dramatically. Inventory is extremely low and demand is very high. These are ideal conditions to sell your home.

 

 

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