|
Below are tables which indicate the direction of the Real Estate market in Cambridge. As you will see the market has been fairly flat for several years. This past year does not seem to be an exception. One thing which can be said is that on average properties sell very close to asking price. Please contact us if you would like more statistics calculated.
|
Year
|
Days On Market
(Average)
|
Sales Price
(Average)
|
Sales Price
(Median)
|
Properties Sold
(Total Number)
|
% of Asking
(Average)
|
|
2000
|
70
|
$132,199
|
$123,000
|
31
|
98
|
|
2001
|
52
|
$138,494
|
$139,000
|
32
|
97
|
|
2002
|
72
|
$138,681
|
$138,950
|
32
|
96
|
|
2003
|
168
|
$161,568
|
$163,050
|
40
|
93
|
|
2004
|
62
|
$187,640
|
$176,950
|
38
|
99
|
|
2005
|
110
|
$214,113
|
$200,984
|
28
|
97
|
|
2006
|
56
|
$219,071
|
$202,500
|
32
|
98
|
|
2007
|
89
|
$219,110
|
$223,000
|
35
|
96
|
|
2008*
|
|
|
|
|
|
*Year to Date Figures
The table below looks at the most recent market comparing sales for the six months up to the end of December with the same time period from a year ago. The figures would suggest that the market has stayed remarkably consistent. Prices are up a bit but not a significant amount.
|
For the six months ending
December 31, 2007
|
Last six months |
One Year Ago |
| Number of Properties Sold |
21 |
19 |
| Price Range |
$85,000 - $350,000 |
$87,000 - $350,000 |
| Days on Market (Average) |
101 |
59 |
| Average Price |
$230,621 |
$219,732 |
| Median Price |
$230,000 |
$205,000 |
| Percentage of Asking Price (Average) |
97 |
98 |
|
