It’s anyone’s guess at this point whether the profound economic fallout from the novel coronavirus pandemic will bring down housing prices in the Boston region. The last recession didn’t really, and analysts can’t agree on where the real estate market in general is headed this time around.
Still, asking prices such as the one for Unit 3 at 131 Holworthy Street near Fresh Pond in Cambridge will probably become more common. The thing about that price? At $690,000—or $734 a square foot—it’s particularly competitive for Cambridge, which is one of the most expensive areas in the region for buying a home.
It’s by no means cheap, of course, but given that the same condo sold for $600,000 in 2018, and has been updated, including with new kitchen appliances last year, we wouldn’t have been surprised seeing a tag well north of $700,000 (though $690K does represent a 15 percent premium on the last sale price).
As for the specs, the 940-square-foot two-bedroom, one-bathroom with a long enclosed deck and a shared mudroom comes with central air and storage in the building’s basement. Compass has the listing, and, given the current situation, is offering private tours as well as a 3D virtual one.