As an example, here's some info on last year's average price increase for 1BR/1ba condos in Cambridge without off-street parking:
2012 average price: $327,009 (based on 91 sales)
2011 average price: $306,066 (based on 93 sales)
$20,943 difference = 6.8% increase
I'm attaching a link to my full analysis of the 2012 market.
Now, it's too early to tell what will happen this year, but given the serious lack of inventory and the fact that almost every property on the market is receiving multiple offers, I'd expect these trends to continue this year.
GreenHome Realty, LLC
327 Highland Avenue, Somerville, MA 02144
Member of the Multiple Listing Service; Massachusetts Licensed Broker; HomeGain Top Producer and Gold ClubÂ® Member; Certified Buyer Representative; Certified Negotiation Specialist; Certified Title Examiner.
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