January 2012 Cambridge Condo Trends

Cambridge Jan 2012 Condo Trends

We are off to a rough start with Inventory for January remain quite low, less 48% compared to the same period last year. ~ Condo listing $ volume is down 42% from 84 million to 48.5 million in value. Very little improvement from December. ~ The median list price rose by 9%with properties selling at [...]

January 2012 Somerville Condo Trends

Somerville Jan 2012 condo trends

Condo inventory in Somerville, MA was down by 14% for January, 2012. ~ Listing $ volume was down 1.4% from 34 million to 33 in. ~ The median list price was flat increasing by 1.4% with the active days on market showing more demand dropping from over 4 months to three. ~ Condos going under [...]

Cambridge Residential Tax Exemption

Tulips

Living in Cambridge has its perks. One of my favorite is the residential tax exemption granted to homeowners who are occupying their home as a primary residence. You must live in the home as of January 1, 2009 to be eligible and you only have to apply one time. This year the residential tax exemption [...]

Buying Real Estate in Cambridge & Somerville

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Information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.