2nd Quarter 2019 Multi-family Sales Market Report
Charles Cherney
Passionate about teaching after graduating from Harvard, I ultimately found myself drawn into the world of real estate in Cambridge and Somerville...
Passionate about teaching after graduating from Harvard, I ultimately found myself drawn into the world of real estate in Cambridge and Somerville...
Cambridge Multi-family Market Stats
for April 1 to June 30, 2019 (2nd Quarter)
22
Multi-family Sales in 2nd Quarter 2019
37
Average Number of Days To Offer
$1,997,664
Average Sale Price of A Multi-family
101%
Sale Price averaged 101% of the List Price
2nd Quarter 2019
Multi-family Sales in Cambridge
Of the 22 multi-family sales in Cambridge in the second quarter of 2019, there were five sales under $1.5M; nine sales between 1.5M and $2M; and eight sales over $2M.
Click here to see all the multi-family sales in Cambridge in Q2 2019.
See below for 3 noteworthy multi-family sales in Cambridge in Q2 2019.
75-79 Kinnaird Street
Sold for $2,000,000 on Feb. 14, 2019. Listed by Serge Shyshko of Apartment Rental Experts.
179 Larch Road
Sold for $2,387,600 on May 28, 2019. Listed by Team Rice of Barrett Sotheby's.
31 Tremont Street
Sold for $5,150,000 on June 26, 2019. Listed by Charles Cherney of Compass.
Somerville Multi-family Market Stats
for April 1 to June 30, 2019 (2nd Quarter)
44
Multi-family Sales in 2nd Quarter 2019
37
Average Number of Days To Offer
$1,567,389
Average Sale Price of A Multi-family
95%
Sale Price averaged 95% of the List Price
2nd Quarter 2019
Multi-family Sales in Somerville
Of the 44 multi-family sales in Somerville in the 2nd quarter of 2019, there were thirteen sales under $1M; twenty-two sales between $1M and $1.5M; and nine sales for more than $1.5M.
Click here to see all the multi-family sales in Somerville in Q2 2019.
See below for 3 noteworthy multi-family sales in Somerville in Q2 2019.
22 Pearl Street
Sold for $970,000 on May 22 2019. Listed by Todd Denman of Compass.
17 Princeton Street
Sold for $1,000,000 on June 21, 2019. Listed by Team Patti Brainard of Compass.
78 Morrison Avenue
Sold for $1,400,000 on May 29, 2019. Listed by True Home Partners of Compass.
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