cambridge real estate market data - dwell360
DESCRIPTION
Dwell360 has published this report on the residential real estate market statistics for 2014, 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, and 2005 for Cambridge, Massachusetts. The market statistics include residential sales averages for single family, condominium, and multifamily homes. Review the information presented by the Massachusetts boutique real estate brokerage Dwell360 based in Newton.TRANSCRIPT
Single Family, Condominium, and Multifamily Homes
Year End 2014
Cambridge, Massachusetts
Market Repor t
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2 Bed $405,000 - $1,585,000 19 18 800,947$
3 Bed $460,000 - $2,227,000 41 28 1,025,216$
4 Bed $665,000 - $2,900,000 30 37 1,673,870$
5 Bed $690,000 - $6,500,000 23 35 2,100,514$
6+ Bed $2,150,000 - $4,350,000 6 77 2,995,500$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2005 162 97 1,093,443$
2006 -2.511% 148 110 1,065,982$
2007 -4.830% 133 96 1,014,498$
2008 11.858% 109 85 1,134,794$
2009 -4.862% 110 86 1,079,621$
2010 6.369% 129 72 1,148,386$
2011 -6.405% 114 69 1,074,837$
2012 11.190% 133 52 1,195,111$
2013 6.355% 143 35 1,271,065$
2014 14.873% 119 32 1,460,107$
Source: MLSPIN, as of 01/14/2015
Cambridge Statistics
Average Sale Price - Number of Bedrooms - 2014
Historical Average Sale Price - Past 10 Years
Single Family Homes
$1,093,443 $1,065,982 $1,014,498
$1,134,794 $1,079,621
$1,148,386 $1,074,837
$1,195,111 $1,271,065
$1,460,107
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Market stat ist ics
[email protected] | 617-299-1854
Single Family, 1/1/2014 - 12/31/2014
# of Avg. Days Average Average SP:LP Average SP:OP
Listings
on
Market Sale Price List Price Ratio Orig Price Ratio
$400,000 - $449,999 1 6 $405,000 $449,000 90 $449,000 90
$450,000 - $499,999 1 35 $460,000 $460,000 100 $549,000 84
$500,000 - $599,999 6 43 $548,333 $558,650 99 $584,500 95
$600,000 - $699,999 13 47 $645,615 $618,408 105 $636,177 103
$700,000 - $799,999 6 27 $747,967 $726,633 103 $726,633 103
$800,000 - $899,999 10 23 $849,500 $810,190 105 $810,190 105
$900,000 - $999,999 9 43 $944,444 $908,600 105 $919,267 104
$1,000,000 - $1,499,999 26 18 $1,253,525 $1,106,615 115 $1,106,615 115
$1,500,000 - $1,999,999 22 29 $1,708,674 $1,611,636 107 $1,639,227 106
$2,000,000 - $2,499,999 11 34 $2,159,818 $2,061,636 106 $2,137,091 103
$2,500,000 - $2,999,999 9 12 $2,714,056 $2,581,111 106 $2,581,111 106
$3,000,000 - $3,999,999 3 102 $3,501,667 $3,588,000 98 $3,588,000 98
$4,000,000 - $4,999,999 1 71 $4,350,000 $4,750,000 92 $4,750,000 92
$5,000,000 - $9,999,999 1 166 $6,500,000 $7,250,000 90 $7,250,000 90
Total Properties 119 32 $1,460,107 $1,393,608 107 $1,410,482 106
Source: MLSPIN, as of 01/14/2015
Price Range
Total Sold - Cambridge, MA
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
0 Bed $280,000 - $527,500 6 45 359,250$
1 Bed $262,000 - $1,401,000 142 32 457,334$
2 Bed $305,000 - $1,723,000 367 32 633,280$
3 Bed $429,000 - $2,612,000 117 48 847,515$
4 Bed $689,000 - $2,550,000 24 65 1,249,501$
5 Bed $799,000 - $2,995,000 5 15 1,314,800$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2005 1041 58 477,629$
2006 -1.481% 850 115 470,555$
2007 0.136% 1000 81 471,194$
2008 0.710% 748 92 474,540$
2009 -3.161% 668 78 459,539$
2010 7.394% 662 82 493,517$
2011 0.969% 714 82 498,299$
2012 2.537% 840 57 510,939$
2013 7.510% 552 43 549,311$
2014 19.867% 661 36 658,445$
Source: MLSPIN, as of 01/14/2015
Cambridge StatisticsCondominiums
Average Sale Price - Number of Bedrooms - 2014
Historical Average Sale Price - Past 10 Years
$477,629 $470,555 $471,194 $474,540 $459,539 $493,517 $498,299 $510,939
$549,311
$658,445
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Market stat ist ics
[email protected] | 617-299-1854
Condominiums, 1/1/2014 - 12/31/2014
# of Avg. Days Average Average SP:LP Average SP:OP
Listings
on
Market Sale Price List Price Ratio Orig Price Ratio
$250,000 - $299,999 9 32 $272,433 $265,189 103 $267,856 102
$300,000 - $349,999 16 40 $323,531 $324,361 100 $328,099 99
$350,000 - $399,999 42 34 $378,139 $369,331 103 $373,429 102
$400,000 - $449,999 62 31 $423,658 $408,331 104 $411,853 103
$450,000 - $499,999 81 31 $475,053 $460,459 104 $464,427 103
$500,000 - $599,999 144 30 $547,697 $528,374 104 $531,333 104
$600,000 - $699,999 103 33 $639,460 $620,574 104 $626,079 103
$700,000 - $799,999 80 40 $743,703 $718,858 104 $720,135 104
$800,000 - $899,999 33 38 $837,697 $808,388 104 $819,785 103
$900,000 - $999,999 30 32 $949,017 $903,850 105 $904,683 105
$1,000,000 - $1,499,999 43 48 $1,210,367 $1,158,195 105 $1,165,753 105
$1,500,000 - $1,999,999 12 87 $1,663,460 $1,630,833 102 $1,685,000 99
$2,000,000 - $2,499,999 3 230 $2,156,000 $2,246,667 96 $2,378,333 91
$2,500,000 - $2,999,999 3 14 $2,719,000 $2,713,333 101 $2,713,333 101
Total Properties 661 36 $658,445 $637,308 104 $642,848 103
Source: MLSPIN, as of 01/14/2015
Total Sold - Cambridge, MA
Price Range
Range
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2 Units $635,000 - $1,575,000 45 35 1,049,744$
3 Units $825,000 - $2,200,000 21 38 1,333,762$
4 Units $1,100,000 - $2,935,000 3 16 1,845,000$
5+ Units $821,000 - $7,950,000 7 66 2,973,429$
Year % Change
Number of
Listing Sold
Days on
the Market
Average
Sale Price
2005 105 65 803,623$
2006 0.428% 99 92 807,064$
2007 -0.303% 104 79 804,618$
2008 -6.173% 50 98 754,950$
2009 -4.352% 55 72 722,094$
2010 18.472% 64 76 855,479$
2011 4.512% 60 74 894,082$
2012 6.902% 95 45 955,795$
2013 32.900% 72 31 1,270,249$
2014 5.239% 76 38 1,336,796$
Source: MLSPIN, as of 01/14/2015
Cambridge StatisticsMultifamily Homes
Average Sale Price - Number of Units in Building - 2014
Historical Average Sale Price - Past 10 Years
$803,623 $807,064 $804,618 $754,950 $722,094 $855,479 $894,082
$955,795
$1,270,249 $1,336,796
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Market stat ist ics
[email protected] | 617-299-1854
Multifamily Homes, 1/1/2014 - 12/31/2014
# of Avg. Days Average Average SP:LP Average SP:OP
Listings on Market Sale Price List Price Ratio Orig Price Ratio
$600,000 - $699,999 1 30 $635,000 $699,900 91 $699,900 91
$700,000 - $799,999 3 31 $765,000 $771,000 99 $771,000 99
$800,000 - $899,999 18 38 $824,861 $814,483 102 $828,200 100
$900,000 - $999,999 4 42 $934,250 $905,975 104 $905,975 104
$1,000,000 - $1,499,999 35 37 $1,251,371 $1,197,911 105 $1,219,711 104
$1,500,000 - $1,999,999 8 25 $1,632,000 $1,552,488 106 $1,564,988 106
$2,000,000 - $2,499,999 4 80 $2,170,000 $2,054,975 106 $2,104,975 104
$2,500,000 - $2,999,999 1 8 $2,935,000 $2,000,000 147 $2,000,000 147
$3,000,000 - $3,999,999 1 34 $3,663,000 $3,499,000 105 $3,499,000 105
$4,000,000 - $4,999,999 0 0 $0 $0 0 $0 0
$5,000,000 - $9,999,999 1 63 $7,950,000 $7,575,000 105 $7,575,000 105
Total Properties 76 38 $1,336,796 $1,275,503 105 $1,292,738 104
Source: MLSPIN, as of 01/14/2015
Total Sold - Cambridge, MA
Price Range
www.Dwell360.com [email protected]
617-299-1854
Dwell360 46 Austin Street Suite 302 Newton, MA 02460
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