November 2003

Dear Friends and Neighbors,

I'm celebrating my 17 th year in Cambridge area real estate sales, and with 15 previous years as a designer/builder/woodworker, that's 32 years working with Cambridge area housing!Has it really been that long?Thank you for contributing to my success!

It's pie time you ordered your Thanksgiving Pies from Community Servings. Every pie you buy provides hot meals for four people ill with AIDS. These delicious pies are baked by top Boston area pastry chefs. You can buy apple, pecan, pumpkin, sweet potato, diabetic apple or kosher apple for $20 each. To order, or make a donation, just go to www.pieinthesky.org or call me at 617-844-2756. If I'm not in, you can leave your credit card order on my secure voice mail. Thedeadline is Friday November 14 th, but they'll accept orders for two or three days after that. When you order, please credit salesperson #2000. Pies may be picked up at our 171 Huron Avenue office on Wednesday, November 25 th from 9 AM - 4 PM.

This year's 5 th Anniversary Benefit Concert for the Cambridge Housing Assistance Fund (CHAF) was a stunning success! We exceeded our goal, raising $160,000 to open doors for nearly 150 homeless and near-homeless families and individuals. Nnenna Freelon, a five-time Grammy nominee and Cambridge native gave a terrific show. In the five years that I've directed this event, CHAF has raised over $600,000 to assist nearly 550 households. There's more info at www.CHAFund.org.

I'd like to take this opportunity to introduce you to Valentine Place. Valentine Place is an exciting new development of 19 attached homes, townhomes and lofts being built in Cambridgeport near MIT and Central Square. Prices range from the $500s to the $800s. For more information, visit www.ValentinePlace.com, or call me!

The Cambridge area real estate market continues to be stable, slower and more balanced than in the recent seller's market heyday of competing bids on every new property. Average prices are more or less flat, although some statistics may show modest appreciation in some price categories. The entry level (under $550k) remains strong, with first time buyers locking in historically low interest rates, and condos selling in two to three months. The mid-range ($550k-$1.5 million) is moderate, with fewer sales and increasing days on market. The 'high end' ($1.5 million +) remains slow, with anecdotal evidence of price decline.

If you are considering buying or selling , the time is now to start planning! I am always available if you would like an update on the value of your home, or if you would like a consultation on your real estate needs. We offer Buyer and Seller representation at Coldwell Banker Huron Ave., as well as mortgage, insurance, relocation and moving services.

I look forward to hearing from you, whether to simply catch up, or to assist you with real estate.

Sincerely,

David Pap

Work: 617-844-2756
Email Address: David.Pap@NEMoves.com
Cell: 617-594-1088
Website: www.DavidPap.com