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Cambridge bidding war madness

Posted by Scott Van Voorhis May 2, 2014 02:41 PM

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OK, here are some really staggering figures.

The Cambridge real estate market is getting too hot for many buyers to handle.

One in three homes and condos that sold in Cambridge this April fetched $50,000 over asking. Meanwhile, 24 percent sold for more than $100,000 over, Bill Wendel notes over at the Real Estate Café.  


Now if you are betting Cambridge prices will never go down - and I am sure some people are - then I guess it should be bids away.

But all bets are off if we are in a new bubble - today's bidding war winners could be tomorrow's negative equity homeowners.

Have bidding wars gotten out of hand? Sign of an impending bubble?


This blog is not written or edited by Boston.com or the Boston Globe.
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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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