August 2018 Market Report

Passionate about teaching after graduating from Harvard, I ultimately found myself drawn into the world of real estate in Cambridge and Somerville...

21 Dudley Street Unit 2, Cambridge

Move-in ready two bedroom condo listed for sale with Charles Cherney and Maggie Dee Spencer.

A canopy of red banners
creates a cool comfort zone
at Science Center Plaza at Harvard.

Outside lies magic. Love this art installation titled "Wavelength" near Harvard Yard and the Harvard Science Center. We were certainly in search of cool comfort this August - hottest August on record for the area.

Cambridge Market Stats for August 2018

38

Homes for sale as of Aug. 31

82

Homes sold in August

41

New listings in August

14

Average days to offer

$1,087,169

Average sale price

105%

Average sale to list price ratio

Click here to see all the sales in Cambridge in August.

See below for three noteworthy sales in Cambridge in August.

120 Chilton Street

Sold for $1,770,000 on August 14, 2018.
Charles Cherney the listing agent for this sale.

123 Kinnaird Street

Sold for $1,780,000 on August 15, 2018.
Charles Cherney the listing agent for this sale.

71 Fulkerson Street Unit 206

Sold for $845,000 on August 21, 2018
Charles Cherney the listing agent for this sale.

Somerville Market Stats for August 2018

76

Homes for sale as of Aug. 31

73

Homes sold in August

51

New listings in August

20

Average days to offer

$881,095

Average sale price

102%

Average sale to list price ratio

Click here to see all the sales in Somerville in August.

See below for three noteworthy sales in Somerville in August.

466 Medford Street Unit 4

Sold for $755,000 on August 22, 2018.
Maggie Dee Spencer - Buyer's agent for this sale.

48 Ware Street Unit 2

Sold for $875,000 on August 9, 2018.

86 Thurston Street

Sold for $1,200,000 on August 31, 2018.
Charles Cherney the listing agent for this sale.

Market Snapshots

Recently, I started a series of market snapshots about the Cambridge and Somerville real estate markets. Check it out at CCMarketSnapshots.com. I will be adding new market snapshots to this series moving forward in time.

VIDEO: Meet Steven Darwin of Darwin's LTD.

Meet Steven Darwin of Darwin's LTD in Cambridge on CambridgeStories.com.

Checking in with Charles

In August, I rediscovered my love for world cinema. At the beginning of the month, I went to the Brattle Theatre in Harvard Square on three successive nights to see the Three Colours trilogy (Blue, White, Red). Wonderful to revisit these films. While visiting Berkeley, California, I also had a chance to see La Notte at the Pacific Film Archive.

Very busy real estate month for me, with seven closings. Every move matters. Thrilled for my buyer and seller clients.

I just finished reading Vanessa Van Edward's book Captivate (2017). This book is all about the art and science of connecting with other people. It comes down to listening and taking a genuine interest. This is something I strive to do every day. The aim is always to improve. Remember, I am here to help - and listen - to you!