4th 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 Oct. 1 to Dec. 30, 2019 (4th Quarter)
21
Multi-family Sales in 4th Quarter 2019
30
Average Number of Days To Offer
$1,870,867
Average Sale Price of A Multi-family
98%
Sale Price averaged 98% of the List Price
4th Quarter 2019
Multi-family Sales in Cambridge
Of the 21 multi-family sales in Cambridge in the fourth quarter of 2019, there were 11 sales under $1.5M; 3 sales between 1.5M and $2M; and 7 sales over $2M.
Click here to see all the multi-family sales in Cambridge in Q4 2019.
See below for 3 noteworthy multi-family sales in Cambridge in Q4 2019.
346-348 Allston Street
Sold for $1,100,000 on Dec. 13, 2019.
Listed by True Home Partners at Compass.
4 Hollis Park
Sold for $1,400,000 on Dec. 13, 2019.
Listed by Issam Dib of Skyline Realty.
22-24 Traymore Street
Sold for $1,875,000 on Oct. 30, 2019.
Listed by Bonny Lamb of Compass.
Somerville Multi-family Market Stats
for Oct. 1 to December 31, 2019 (4th Quarter)
36
Multi-family Sales in 4th Quarter 2019
28
Average Number of Days To Offer
$1,131,447
Average Sale Price of A Multi-family
95%
Sale Price averaged 95% of the List Price
4th Quarter 2019
Multi-family Sales in Somerville
Of the 36 multi-family sales in Somerville in the 4th quarter of 2019, there were 16 sales under $1M; 14 sales between $1M and $1.5M; and 6 sales for more than $1.5M.
Click here to see all the multi-family sales in Somerville in Q4 2019.
See below for 3 noteworthy multi-family sales in Somerville in Q4 2019.
34 Line Street
Sold for $`1,150,000 on Dec. 12, 2019. Listed by Aranson Lombardi and Ashley Kinney of Compass.
36 Fountain Street
Sold for $1,325,000 on Oct. 18, 2019. Listed by Elvera Fanfa of CBRB.
11 Ware Street
Sold for $1,600,000 on Oct. 18, 2019. Listed by Rodrigo Serrano of Leading Edge Real Estate.
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