MA Race for the Cure

A BIG THANK YOU  from RE/MAX Destiny to Michaela Hellman for being one of the top fundraisers for the MA Race for the Cure!

Top Fundraisers for MA Race for the Cure

A BIG SHOUT OUT goes to Team RE/MAX who raised over $12,000 at the MA Race for the Cure. Thank you to all 45 Team RE/MAX members who came out and shared their day with us. A very special congratulations goes out to our top three fundraisers! Please be sure to thank the following people if you see them in your office:

1. Julie Scott of RE/MAX Heritage
2. Michaela Hellman of RE/MAX Destiny
3. Bob Salvo of RE/MAX Leading Edge

Once again, thank you and your Agents for your support throughout this year’s Race for the Cure events! RE/MAX of New England

Cambridge Condo Trends – October 2012

Cambridge Summary: Lack of inventory continues downby 26% compared to October of last year. ~ Condo listing $ volume is down by 15% from $82 million to the current $70 million in market value. ~ The median list price is up by 11  with days on market improving by 29 days before going off market. ~ Condos that went under agreement for the month improved by 31%.

Cambridge condo sales, month to date, are up 42% with year to date number of sold condos increasing to16%. Sold $ volume YTD increased by 16% from $298 million in 2011 to $348 million. The median sale price increased by 15% with the ratio of sale price to original price at 100% due to multiple offer bidding and reduced time on market. ~ The average square foot price for September was $496 per square foot with the average living area at 1,046 square feet.

Somerville Condo Trends – October 2012

Somerville Summary: September condo inventory remains at record lows, down 51% from a year ago. ~ Listing $ volume down 55% from $55 million to $25 million in value. ~ The median list price decreased by a modest 5% with the active days on market dropping 30 days to under 2 months. ~ Condos going under agreement improved by 58%.


Condos sold for the month were down 11% with the year to date sales up 25%. ~ Somerville condo sold $ volume YTD is up 32% from the end of October last year. ~ Sold average days on market was less than 2 months and the median price slid by 4%. The original price to sale price ratio remained at 98% of the original list price due to competitive bidding. ~ The average square foot price was $356 per square foot with the average condo living area at 1,048 square feet.

Oktoberfest Hot Air Balloon Rides A Huge Success

It is always a thrill to watch Big Max rise above the Cambridge Common.  The weather was less than perfect, however the crew continued the rides despite the sprinkles and threat of heavier rain.

The thing I enjoy most is watching the children gaze in amazement at this seven story balloon as it floats up and down with the flames of the gas jets blasting away.

We raised nearly $500 dollars for Our Place Homeless Children’s Center and The Cambridge Housing Assistance Fund bring our total for the year from rides to around $800.