Cambridge MLS® Sold Data
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About Cambridge Real Estate
The City of Cambridge has seen a steady increase in its population for the past few decades. Thanks to its proximity to major highways, the area has become a popular place for commuters to Toronto, Hamilton and London to live. But Cambridge is more than just a commuter’s city. The historic city offers a wonderful blend of big-city amenities and a small-town atmosphere. Cambridge has a very healthy property inventory made up of single-family detached homes, condominiums and townhouses that vary in size, location, and price. The average home in Cambridge can be purchased for a fraction of what the same home would cost in Toronto or other large cities. Thanks to its convenient location, Cambridge brings in potential buyers from all over and properties seldom sit on the market for more than a few weeks.
The Cambridge Real Estate Market is Competitive. Here's Why
When you buy a property in Cambridge, you will soon discover that the city has an endless bounty of activities to enjoy. Cambridge has all the standard fare that any large city should have – restaurants, bars, museums, shopping centres, parks, trails, local shops, etc. But thanks to the Grand River that passes through, you can also take a relaxing canoe ride or do some fishing right in the heart of Cambridge. The community in Cambridge is diverse and made up of families, retirees, young couples, and working professionals. Cambridge has something for everyone, and that’s why it has seen the number of properties it has on the market soar as it tries to keep up with the demand.
Cambridge Real Estate Statistics
Cambridge real estate average sold price in the last 30 days (January 21 - February 19) was $741,283, which is $52,754 (7.1%) higher than the average price of $688,529 in the previous 30 day period (December 22 - January 20), and $2,602 (0.4%) down from the same period 1 year ago ($743,885). Cambridge real estate prices over the last 30 days are also $11,030 (1.5%) higher than the average selling price of $730,253 over the past year.
Cambridge average sold price for homes was $818,875 in the last 30 days (January 21 - February 19), which is $89,731 (11.0%) up from the average home price of $729,144 in the previous 30 day period (December 22 - January 20), and $38,782 (4.7%) higher than the same period 1 year ago ($780,093). In the last 30 days Cambridge the average home price was $43,875 (5.4%) higher than the average selling price of $775,000 over the last 12 months.
Average Cambridge condo sold price over the last 30 days (January 21 - February 19) was $425,500. During this period it was $209,500 (49.2%) down from the average price of condo of $635,000 during the previous 30 days (December 22 - January 20), and $173,800 (40.8%) lower compared to the same period 1 year ago ($599,300). In the last 30 days Cambridge the average condo price was $50,714 (11.9%) lower than the average selling price of $476,214 over the last year.
Average sold price of Cambridge townhouse was $661,730 in the last 30 days (January 21 - February 19), up $32,794 (5.0%) from the average townhome price of $628,936 over the previous 30 days (December 22 - January 20), and $4,570 (0.7%) higher than during to the same period 1 year ago ($657,160). Over the last 30 days the average townhouse price in Cambridge was $5,497 (0.8%) higher compared to the average selling price of $656,233 over the last 12 months.