As we wait to see the impact of the COVID-19 pandemic on the market; we can see the positive impact of weather given New England experienced one of the lowest snowfall amounts on record in Q1 2020.  The chart below is a comparison of Average Sale Prices for Condominium and Single Family homes in Cambridge, MA for Q1 (January 1st through March 31st) in 2018, 2019, and 2020:

Cambridge Condominium Average Sale Prices:  Q1 2018 – 2019 – 2020

  • Average sale price for Cambridge Condo in Q1 2018 = $1,069,738
  • Average sale price for Cambridge Condo in Q1 2019 = $955,536 (11% decrease from 2018 to 2019)
  • Average sale price for Cambridge Condo in Q1 2020 = $1,049,375 (10% increase from 2019 to 2020)

Read more about Cambridge MA Condominium Market Statistics 

Cambridge Single Family Average Sale Prices:  Q1 2018 – 2019 – 2020

  • Average sale price for Cambridge Single Family in Q1 2018 = $2,492,071
  • Average sale price for Cambridge Single Family in Q1 2019 = $2,348,536 (  6% decrease from 2018 to 2019)
  • Average sale price for Cambridge Single Family in Q1 2020 = $3,272,944 (39% increase from 2019 to 2020)

Read more about Cambridge MA Single Family Market Statistics 

Tamela Roche, Realtor

Plans to Buy and/or Sell?  Contact Tamela for a Home Buyer and/or Seller Consultation to review current safety precautions in place for real estate sales.  It is very important to understand your rights as a home buyer or seller in MA as well as how to protect your negotiating position.  Ensure your best interests are represented by hiring a reputable Realtor® with proven results who only represents you and your best interests as the Home Buyer or Home Seller (but not both sides in the same transaction).

 

 

 

 

©2020 Tamela Roche, all rights reserved.  Data Source:  MLS Property Information Network, Inc.