Do you want content like this delivered to your inbox?
Share
Share

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...

Aug 16 2 minutes read

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. 

Cambridge 2nd Quarter 2019 Multi-Family Sales

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 Kinnaird Street, Cambridge
75-79 Kinnaird Street

Sold for $2,000,000 on Feb. 14, 2019. Listed by Serge Shyshko of Apartment Rental Experts.

179 Larch Road, Cambridge
179 Larch Road

Sold for $2,387,600 on May 28, 2019. Listed by Team Rice of Barrett Sotheby's.

31 Tremont Street, Cambridge
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.

2nd Quarter 2019 Multi-Family Sales in Somerville

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, Somerville
22 Pearl Street

Sold for $970,000 on May 22 2019. Listed by Todd Denman of Compass.

17 Princeton Street, Somerville
17 Princeton Street

Sold for $1,000,000 on June 21, 2019. Listed by Team Patti Brainard of Compass.

78 Morrison Avenue, Somerville
78 Morrison Avenue

Sold for $1,400,000 on May 29, 2019. Listed by True Home Partners of Compass.

Are you buying soon?

Your successful home search starts with your successful team.

Selling your home?

See how we can help you sell your home faster and for more money.

Learn More
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info