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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...

Jan 13 2 minutes read

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.

Cambridge 4th Quarter 2019 Multi-Family Sales

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, Cambridge
346-348 Allston Street

Sold for $1,100,000 on Dec. 13, 2019.
Listed by True Home Partners at Compass.

4 Hollis Park, Cambridge
4 Hollis Park

Sold for $1,400,000 on Dec. 13, 2019.
Listed by Issam Dib of Skyline Realty.

22-24 Traymore Street, Cambridge
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.

4th Quarter 2019 Multi-Family Sales in Somerville

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, Somerville
34 Line Street

Sold for $`1,150,000 on Dec. 12, 2019. Listed by Aranson Lombardi and Ashley Kinney of Compass.

36 Fountain Street, Somerville
36 Fountain Street

Sold for $1,325,000 on Oct. 18, 2019. Listed by Elvera Fanfa of CBRB.

11 Ware Street, Somerville
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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