3rd 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 July 1 to September 30, 2020 (3rd Quarter)
8
Multi-family Sales in 3rd Quarter 2020
35
Average Number of Days To Offer
$1,955,625
Average Sale Price of A Multi-family
97%
Sale Price averaged 97% of the List Price
3rd Quarter 2020
Multi-family Sales in Cambridge
Of the 21 multi-family sales in Cambridge in the third quarter of 2020, there were 5 sales under $1.5M; 8 sales between 1.5M and $2M; and 8 sales over $2M.
Click here to see all the multi-family sales in Cambridge in Q3 2020.
See below for 3 noteworthy multi-family sales in Cambridge in Q3 2020.
466 Putnam Ave
Sold for $1,870,000 on July 23, 2020. Listed by Bigelow/Irving at Compass.
68 Lexington Ave
Sold for $2,420,000 on Aug. 14, 2020. Listed by Shorey Real Estate Group at Compass.
288 Harvard Street
Sold for $3,446,462 on Sept. 9, 2020. Listed by Petrowsky Jones Group at Compass.
Somerville Multi-family Market Stats
for July 1 to September 30, 2020 (3rd Quarter)
45
Multi-family Sales in 3rd Quarter 2020
19
Average Number of Days To Offer
$1,486,078
Average Sale Price of A Multi-family
98%
Sale Price averaged 98% of the List Price
3rd Quarter 2020
Multi-family Sales in Somerville
Of the 45 multi-family sales in Somerville in the 3rd quarter of 2020, there were 8 sales under $1M; 28 sales between $1M and $1.5M; and 9 sales for more than $1.5M.
Click here to see all the multi-family sales in Somerville in Q3 2020.
See below for 3 noteworthy multi-family sales in Somerville in Q3 2020.
20 Cypress Street
Sold for $`1,149,000 on July 9, 2020. Listed by Branch Out Residential Team of Compass.
59-61 Derby Street
Sold for $1,250,000 on August 6, 2020. Listed by Peter Pezzano of Compass.
12-14 Lake Street
Sold for $1,343,000 on July 10, 2020. Listed by Team Patti Brainard of Compass
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