2014 Recap: Spotlight on Single Families
Single-family homes are only a small segment of our overall housing market (14 and 12% for Cambridge and Somerville, respectively). In fact, in Cambridge and Somerville COMBINED, there were only 204 single families sold all of last year.
With such low inventory (and corollary high prices), many Cantabrigians and Villens looking for a single family home end up looking elsewhere — historically, Arlington has been a destination of choice, and in recent years, many have headed for Medford, particularly West Medford. Now, we’re even seeing folks headed further out, to places like Melrose and Malden, in search of a single family home that will fit their budget.
But for those hearty souls determined to stay in Cambridgeville, here’s a look at the sale price landscape…
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