With 2017 in the rear view mirror, Redfin ranked North Cambridge as one of the most expensive areas in the country to purchase a condo. A population influx from the tech industry and low inventory made it very challenging for luxury condo buyers.
Redfin used several factors when measuring their lists of the hottest neighborhoods in the country: year-over-year median price growth for 2017, sold-to-list price ration, the percentage of properties which sold above asking price and median days on the market.
North Cambridge ranked 4th in the country with Seattle and California neighborhoods beating it out.
Ford Realty successfully assisted many Buyers in purchasing luxury condos in 2017’s competitive market. Are you thinking of buying or selling? We’d love to help! Please contact Robert Veek at 617-420-1401
Updated: 1st Quarter 2018