Well...the market saw a bit of an upswing in buyer activity over the last week or so. Must be some "last minute" shoppers filled with that holiday spirit! The MLS reported 12 properties under contract in Cambridge last week: Two single family homes on the market for an average 65 days, eight condominiums on the market for an average 166 days and two multi-family properties.
While one of those multi-family properties UAG had lingered on the market for almost a year, the other one was under contract in only 16 days! Same story with the condo's. Two had been available for about a year or longer but most had only been on the market for less than 90 days! Wow..surprising market strength for this time of year.
During the same period there were 7 listings advertised as new to market. A 3br single family home located at 64 Prince Street (MLS# 70686266) was advertised as "virtually new construction" and "BEAUTIFUL"! Five condominiums ranging in price from $338,000 to $873,000 were listed as new. One of these, a 2br (MLS# 70685882) located on Royall Avenue in West Cambridge, advertised "warm, cheerful ambiance" and "many upgrades". Another one, a 1br (MLS# 70685958), advertised "dramatic new building" with "heated garage". One multi-family listing was offered. This two family home (MLS# 70685639) is located in North Cambridge. The configuration: 5/6 rooms; 2/2 bedrooms and 1/1 bath.
That's it for now. Check back next week for the latest real estate market update.