Cambridge is a popular city for single-famly and multi-family purchases not only for location and services, but also for return on investment.
The average single-family property sold and closed in the January 1, 2007 - March 1, 2007 timeframe went for $1,084K. When we look at average closed prices during the same period in 2013, we see that the average price increased to $1,431K - an increase of 32%.
Looking at multi-family properties in Cambridge over the same period of time, we see that in 2007, the average multi-family property went for $755K and in 2013, the average price had increased to $1,096K - an increase of 45% in just 6 years (all info obtained from MLSPIN).
Thinking about Cambridge as your next home or investment area? Just give me a call and I'll work with you to develop a plan to help you find and buy your dream home or investment property.
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