cambridge-real-estate

Comparing the first 6 months of Cambridge condo sales of 2009 with 2008.

Cambridge Condo Sales in 2009
Number of Cambridge condos sold – 256
Avg. list price of a Cambridge condo – $437,132.00
Avg. sales price of a Cambridge condo – $424,355.00
Avg. days on the market – 87.13
Avg. price per sq ft – $422.00

Cambridge Condo Sales in 2008
Number of Cambridge condos sold – 357
Avg. list price of a Cambridge condo – $497,670.00
Avg. sales price of a Cambridge condo – $483,559.00
Avg. days on the market – 103.51
Avg. price per sq ft – $448.00

My thoughts: Cambridge condo prices are heading downward based on the first 6 months of 2008 compared tp 2009. One signal that they may be close to bottoming out is that days on the market this year is 87.13 compared to 103.51 in 2008. Another sign that Cambridge prices may have hit bottom is that several brokers have informed me that they have participated in bidding wars as of late. I know one of my agents Linda Mitrano was in a few bidding wars in the last two months in the Cambridge area for low priced condos. However, on the flip-side, Linda also has a buyer for a Cambridge single-family home who’s holding off due to the current asking prices because her buyer feels prices still have a ways to come down based on the economic outlook for the next several months. I’ll keep you posted.

Your thoughts?

Looking for Cambridge Condos for sale.

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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