1st Quarter 2020 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 March 31, 2020 (1st Quarter)
15
Multi-family Sales in 1st Quarter 2020
21
Average Number of Days To Offer
$2,336,850
Average Sale Price of A Multi-family
102%
Sale Price averaged `102% of the List Price
1st Quarter 2020
Multi-family Sales in Cambridge
Of the 15 multi-family sales in Cambridge in the first quarter of 2020, there were 4 sales under $1.5M; 7 sales between 1.5M and $2M; and 4 sales over $2M.
Click here to see all the multi-family sales in Cambridge in Q1 2020.
See below for 3 noteworthy multi-family sales in Cambridge in Q1 2020.
66 Hurley Street
Sold for $1,226,000 on Feb. 10, 2020.
Listed and sold by Charles Cherney.
74-76 Berkshire Street
Sold for $1,963,000 on Jan. 22, 2020.
Listed Team Patti Brainard of Compass.
29 Vassal Lane
Sold for $2,291,250 on Feb. 28, 2020.
Listed by Bill Aibel of CBRB.
Somerville Multi-family Market Stats
for Jan. 1 to March 31, 2020 (1st Quarter)
34
Multi-family Sales in 1st Quarter 2020
38
Average Number of Days To Offer
$1,441,784
Average Sale Price of A Multi-family
95%
Sale Price averaged 95% of the List Price
1st Quarter 2020
Multi-family Sales in Somerville
Of the 34 multi-family sales in Somerville in the 1st quarter of 2020, there were 8 sales under $1M; 14 sales between $1M and $1.5M; and 12 sales for more than $1.5M.
Click here to see all the multi-family sales in Somerville in Q1 2020.
See below for 3 noteworthy multi-family sales in Somerville in Q1 2020.
15 Oxford Street
Sold for $`980,000 on Feb. 26, 2020. Listed by David Bottari of Berkshire Hathaway.
122 Central Street
Sold for $1,075,000 on Jan. 28, 2020. Listed by Branch Out Res. Team of Compass.
30 Banks Street
Sold for $1,700,000 on Jan. 8, 2020. Listed by Stephanie Walsh of Compass.
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