1st 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 Jan. 1 to Mar. 31, 2019 (1st Quarter)
20
Multi-family Sales in 1st Quarter 2019
37
Average Number of Days To Offer
$1,994,176
Average Sale Price of A Multi-family
93%
Sale Price averaged 93% of the List Price
1st Quarter 2019
Multi-family Sales in Cambridge
Of the 20 multi-family sales in Cambridge in the first quarter of 2019, there were five sales under $1.5M; nine sales between 1.5M and $2M; and six sales over $2M.
Click here to see all the multi-family sales in Cambridge in Q1 2019.
See below for three noteworthy multi-family sales in Cambridge in Q1 2019.
384 Broadway
Sold for $2,070,000 on Feb. 14, 2019. Listed by Katya Pitts of Leading Edge Real Estate.
145 Lakeview Avenue
Sold for $2,500,000 on Feb. 27, 2019. Listed and sold by Charles Cherney.
50-52 Irving Street
Sold for $3,600,000 on Mar. 29, 2019. Listed by Ann Sabbey of Re/Max Destiny.
Somerville Multi-family Market Stats
for Jan. 1 to Mar. 31, 2019 (1st Quarter)
23
Multi-family Sales in 1st Quarter 2019
36
Average Number of Days To Offer
$1,318,394
Average Sale Price of A Multi-family
99%
Sale Price averaged 99% of the List Price
1st Quarter 2019
Multi-family Sales in Somerville
Of the 23 multi-family sales in Somerville in the 1st quarter of 2019, there were five sales under $1M; sixteen sales between $1M and $1.5M; and two sales for more than $1.5M.
Click here to see all the multi-family sales in Somerville in Q1 2019.
See below for three noteworthy multi-family sales in Somerville in Q1 2019.
79 Puritan Road
Sold for $867,750 on Jan. 1, 23 2019. Listed by Bigelow/Irving of Compass.
28 Sterling Street
Sold for $1,065,000 on Mar. 22, 2019. Listed by Team Patti Brainard of Compass.
65-67 Garrison
Sold for $1,400,000 on Feb. 8, 2019. Listed by Christian Murray of North Corner Realty.
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