Well the local Cambridge real estate mareket is still hot. The MLS has taken on 498 new residential listings and has reported 271 sales.
Interest rates are holding steady. Five year money is available for as low as 3.79% for five years.
Purpose built multi-unit properties are still hot. Some buildings selling with a cap rate as low as 5%.
Our new 40 unit condo propject in East Galt (10 Cheese Factory Rd)†is starting to gain momentum. Many interested parties. Prices start at $187,100 for a 3 bedroom unit. If you know somebody looking for a great place to start as a first time home owner or investor, please make sure they check this project out. We'll be open this weekend both Saturday and Sunday from 2 to 4pm.
If you have any real estate or mortgage questions, don't be shy. Karen and I are here to serve you.