There were 234 single family residential units sold through the Cambridge MLS® housing market in April 2017 – this represents a 15.8 % increase in levels reported in the same month a year earlier. Of the 234 residential units sold there were 192 single family freehold detached residential units which represents a 14.2% increase in levels reported a year earlier, says Jim Robinson, President of the Cambridge Association of REALTORS® Inc.
“Not surprisingly, the current imbalance of supply and demand led to another very large year-over-year increase in the average sale price in the region,” said Jim Robinson, President of the Cambridge Association of REALTORS®’.
The average MLS® single family freehold residential unit price was $513,124 in April which represents an increase of 32.9% over the same month a year earlier. The average MLS® single family detached residential unit price was $539,135 which represents an increase of 31.9% from a year ago.
The dollar volume of all single family freehold sales in April 2017 was $120,071,073 which represents an increase of 54% from a year earlier.
The Cambridge Association of REALTORS® promotes its Members professionalism and dedication to building a strong community through homeownership and quality investments.
Disclaimer: Effective March 1, 2017 the statistics for the Cambridge Association of REALTORS® represents only single family freehold & single family freehold detached properties sold in the City of Cambridge and the Township of North Dumfries and does not include condominium sales.