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Someone Forgot to Tell Cambridge & Somerville About the Housing Slump

Check out these home sale prices for 2010 and how they compared to 2009…

CAMBRIDGE

  1. Condos — average 2010 sale price: $494,283 — up 7.50%

  2. Single-families — average 2010 sale price: $1,158,321 — up 7.30%

  3. Multi-families — average 2010 sale price: $855,479 — up 18.50%

SOMERVILLE

  1. Condos — average 2010 sale price: $377,770 — up 1.60%

  2. Single-families — average 2010 sale price: $466,174 — up 14.00%

  3. Multi-families — average 2010 sale price: $515,949 — up 8.90%

If you’re interested in more statistics for property appreciation/depreciation going back to 1999,you can download them here:

Keep in mind that these numbers span all price points — if you’re curious about the value of your own home, give me a call and I’d be happy to come out and do a complimentary market valuation for you.

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