Here is some information about the average price of single family and condos in my neighborhood. This includes North Cambridge and the Teele Square in Somerville.
- It is a seller’s market
- Most properties are selling above asking
- Most properties sell quickly
For buyers you need to be prepared to make a clean offer:
- Are you comfortable waiving the -
- Financing contingency
- If you are comfortable, and you are getting a mortgage be sure to include language in your offer that you will be getting financing and need tohave the property appraised
- Home inspection Contingency
- Consider doing the inspection prior to making an offer
Without a pre-approval your offer will be rejected.
- Need help? Give me a call and I will put you in touch with some lenders.
Here are the numbers:
Note: The number of single families is very small and the average can be easily skewed by one sale.
Want the complete spreadsheets? Get in touch and I will send them to you.