Apr 07

Cambridge Condo Market Report – 1st Quarter 2014

Cambridge Condo Market April 2014Cambridge Summary: The Cambridge condo market continues to struggle in every category. However, the inventory value is only 0.5% below what it was a year ago at 42 million+/- with 15% less homes available. March pending sales were down 23%.

Cambridge Condo Sales Chart  April 20114

The sales volume year to date for the first quarter was down 23 million in value -23% from the same time last year. The first quarter  average days on market were 39 . Average unit size was 1,035 square feet with an average sale price of $663,656. The average price per square foot – $614.

Apr 07

Somerville Condo Market Report – 1st Quarter 2014

Somerville Condos March 2014

Somerville Summary: Somerville inventory is down 27%, nine properties from a year ago. On market listing value is down 28% or a bit over 4 million in value. Pending sales are up 16%.

Somerville Sales Chart April 2014

 

The year to date sales dollar volume is up by 28%, which equates to just under 7 million over the first quarter of 2013. The average days on market was 64. The average condo was 1,289 square feet, which is relatively unchanged with an average sale price of $663,656 was up by $165,586 . The aveage price per square foot – $412.

Feb 10

Cambridge Condo Trends for January 2014

Cambridge Condo Trends Jan14Cambridge Summary: Year over year for all property types the inventory dropped to record lows for the start of 2014 down 71.6%.  The median sales price rose 20.5% with the year over year closed sales for all properties down -38.8%.

Needles to say condo Inventory remains at historic lows, down 53%% from January 2013. ~ The median list price continues to be bullish closing over 21% higher. Days on market for listings dropped by nearly a month to less than 60 days before going off market. Properties going under agreement fell sharply do to lack of inventory by over 61%.

Cambridge Condo Sales Chart

Cambridge condo sales, month to date are down 33% to start off the year. The median sale price ended was over 19%. ~ Multiple offers and quick sales kept the original price to sale price higher than normal at 100%. ~ The average square foot price was $541 per SF, up nearly $50.00 with an average condo size of 1,248 SF.

Feb 10

Somerville Condo Trends for January 2014

Somerville Condo Trends Jan14Somerville Summary: The inventory for all property types year over year dropped 26.7% for the start of 2014.  The median sales price rose 27.7% with the year over year overall closed sales for all properties ended the year up by 40%.

January condo inventory was down more than 28% compared to last year. ~ The median list price leaped up a wopping 69% with the active days on market shrinking by 10 days on average. ~ Condos going under agreement improved by nearly 32% compared to last January.

Somerville Condo Sale Chart

The number of condos sold went up by 5% for the month. ~ The median sales price rose slightly by 4%. ~ Days on market for condo sales shrunk to 48 days on average. The original price to sale price ratio was 99% of the original list price. ~ The average square foot priceincreased $390 per SF with an average living area just over 1,263 SF.

Jan 18

Cambridge Year End Condo Trends – December 2013

Cambridge Year End Condo Trends 2013

Cambridge Summary: Inventory remains at historic lows, down over 60% from the end of 2012. ~ The median list price continues to be bullish closing 30% higher. Days on market for listings was about the same, 14 weeks on average before going off market (Reflective of high list pricing). Properties going under agreement fell do to lack of inventory by over 70%.~

Cambridge Condo Sales Chart 2013

Cambridge condo sales, month to date are down 44% and overall the year to date (YTD) lost 2% over last year’s total sold. The median sale price ended the year up 17%. ~ Multiple offers and quick sales kept the original price to sale price higher than normal at 99%. ~ The average square foot price was $526 per SF with an average condo size of 1,304 SF.

Jan 18

Somerville End of Year Condo Trends – December 2013

Somerville Condo Trends for 2013

Somerville Summary: December condo inventory was down more than 20% compared to last year. ~ The median list price leaped up by 63% with the active days on market shrinking by 15% or 14 days on average. ~ Condos going under agreement declined by 25% compared to last December.

Somerville Condo Sales Chart  2013

 

 

 

 

 

 

 

The number of condos sold went up by 45% for the month which resulted in a gain of over 2% for the year. ~ The median sales price rose 33%. ~ Days on market for condo sales were just over a month on average. The original price to sale price ratio was 100% of the original list price. ~ The average square foot price jumped $106 to $441 per SF with an average living area just over 1,200 SF.

Dec 06

RE/MAX Destiny Holiday Party

035
036
037
038
039
040
041
042
Holiday Party 2013
026
027
028

030
031
032

034
025
024
023

021
019
018
017
016
015
014
013

011
010
009
008

006
002
Holiday Party 2013

Dec 06

Paul’s Cambridge Condo Trends for November

Cambridge Condo Trends for November

Cambridge Summary: Inventory is at historic lows, down 50% from last November. ~ The median list price continues to be greater than 30% with days on market dropped 25 days to about 10 weeks on average before going off market. Properties going under agreement were down 12%.

Cambridge Condo Sales Chart 11-13

 

 

 

 

 

 

 

 

 

 

Cambridge condo sales, month to date down 28% with the year to date about even being rounded up to 2% over last year’s number. The median sale price was about the same as the median list price up by 34%. ~ Multiple offers and quick sales kept the original price to sale price considerably higher than normal at 122%. ~ The average square foot price was $533 per SF with an average condo size of 1,262 SF.

Dec 06

Paul’s Somerville Condo Trends for November

Condo Trends for Somerville 11-13

Somerville Summary: November condo inventory is 42% less than last year. ~ The median list price is up by 46% with the active days on market about the same at 73 days on average. ~ Condos going under agreement were up 11% compared to a year ago.

Nov. Somerville Condo Sales

 

 

 

 

 

 

The number of condos sold in November was down 36% from a year ago resulting in a loss of 2% in year to date sales. ~ The median sales price rose 18%. ~ Days on market dropped to less than a month on average. The original price to sale price ratio was 101% of the original list price. ~ The average square foot price was up nearly $58 at $395 per SF with a slightly smaller average living area.

Nov 28

Life Lessons From Mr. Snipps

I tripped across this piece about living in the moment while hanging with my soul mate Mr. Snipps and thought I would share it with you.

Living in the Moment:           A Cat’s Tale
Mr. Snipps

Mr. Snipps

By 

“If we are not fully ourselves, truly in the present moment, we miss everything.” ~Thich Nhat Hanh

Frazzled! Doesn’t that word seem to apply to how we feel so much of the time? Take this morning for example.

I’m dashing about the flat and running late for work. I’m drinking a cup of tea while drying my hair. I have to put the washing away and hang a new load out. I mustn’t forget to feed the cat and pick up lunch before I get to the office.

Then I see him—the cat sleeping contentedly on the bed.

Once I get to work, I feel the adrenaline buzzing as the phone starts ringing and the emails begin to flood in. I’m talking to my boss about the day ahead while mentally planning the to do list I’ll write once I’ve made a cup of coffee.

Then I think of him—lying in the garden stretched out in the sun.

And as irrational as it seems, for a fleeting moment I’m jealous of my pet!  But what wouldn’t I give to lead the carefree life of something that lives so blatantly in the moment.

When was the last time you noticed your cat or dog lying awake, seemingly worrying about how they could possibly manage to achieve all the tasks they had set themselves the day before?

Have you ever seen an animal try to eat and wash themselves at the same time?  When we picture this, the idea seems ridiculous. So why do we so often try to do so much at once?

I’m not saying for a minute (though it does sound good) that we should hand in our notice and spend long lazy days in the garden. But perhaps we could learn a lesson from our furry friends.

Here are 5 tips for living in the moment that we can learn from our pets:

1. Pick a daily activity and spend time doing this, and only this, activity each day.

Watch as your cat or dog plays with their favorite toy.  They focus all their attention on that toy and all their thoughts are of how to reach it, catch it, and enjoy it. It’s almost as if there’s nothing going on around them.

They are completely engaged in the experience, and that makes it all the more pleasurable.

It’s not always easy to focus on the small things because unlike pets, we need to provide for and take care of ourselves, and that can create stress. But that gives us even more of an incentive to disconnect and enjoy the little things. We deserve the chance to be without having to overwhelm ourselves with thoughts.

2. Breathe.

Cats naturally breathe deeply with long, slow, equal breaths (or snores!).  When we hear a change in our pet’s breathing patterns we know we need to do something to protect them from what’s scaring them, cool them down, or take to take them to the vet for a check-up.

If we understand this change of breathing pattern is an important indicator of health in our pets, surely we can see that our own breathing patterns are an indicator of our well-being too.

Next time you’re watching the items pile up on your to-do list items pile up and you feel your breath shortening, take a moment to notice this. Then take longer, slower breaths letting the inhale invigorate you and the exhale calm you.

3. Dwell neither on the future nor the past.

A cat doesn’t sit around worrying about the big, scary dog she might meet the next time she leaves the house. She has good instincts and uses them when necessary—and until then, it’s not on her radar.

Too often we sit around worrying tomorrow’s work or the consequences of the things we’ve said and done, as if we can somehow predict and control the future. All this distracts us from the here and now, preventing us from living this current, precious moment.

When these worries feel they could overpower you, go back to your breathe. All you need to do is take each moment as it comes.

4. Enjoy your treats.

Give your dog or cat a treat and watch them enjoy it. Do they try to eat it while running out of the back door? Do they eat it while playing with their favorite toy or trying to dig a hole?  No, of course they don’t – because it’s not enjoyable to multi-task treats.  If they do, they miss out on savoring it.

So don’t watch your favorite TV show while chatting on the phone or eat a piece of cake while engrossed in your work.  Give yourself the full experience of the things you love.

5. Follow your instincts.

Animals always follow their instincts. They know how to hunt, when to run from danger, and how to protect their territory without having to be trained.

By listening to their instincts, animals stay alive and healthy—something we don’t always do well as humans. We’ll ignore our hunger cues, or stay in unhealthy situations far longer than is good for us.

If your body tells you you’re hungry, eat.  If your emotions feel out of control, take a break to refocus.  If your mind tells you it’s time to make a change, make that change! You know a lot about what’s good for you. You just need to listen to yourself.

Next time I see the cat lounging around, lazing the day away, I’m going to look at him and remember that I too can enjoy that contentment— if I only let myself!

“Enjoy the little things, for one day you may look back and realize they were the big things.” ~Robert Brault

Older posts «