If you follow our blogs or receive our newsletter "Week in Review", you are aware that Cambridge MA condos are out pacing the national real estate market statistics of "gloom and doom". Cambridge condos for year to date 2011: the days on market are less than 2010 and list and sale prices are increasing slightly over 2010.
You've seen them pop up everywhere, multi family homes and apartment buildings being turned into condos. It has been happening for years in the Boston area, and in towns like Arlington, Medford, Watertown and Somerville. Why? What purpose does conversion serve?