Someone Forgot to Tell Cambridge & Somerville About the Housing Slump

January 14, 2011

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

CAMBRIDGE

  • Condos — average 2010 sale price: $494,283 — up 7.50%
  • Single-families — average 2010 sale price: $1,158,321 — up 7.30%
  • Multi-families — average 2010 sale price: $855,479 — up 18.50%

SOMERVILLE

  • Condos — average 2010 sale price: $377,770 — up 1.60%
  • Single-families — average 2010 sale price: $466,174 — up 14.00%
  • 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:

Cambridge Appreciation/Depreciation 1999 – 2010

Somerville Appreciation/Depreciation 1999 – 2010

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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