February 2019 Market Report

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

1 Ellery Place, Cambridge

End-unit three-level townhouse set back from the street in Mid Cambridge. Large private patio garden. Listed for sale with Charles Cherney.

8 Corporal Burns Road, Cambridge

This single family house with larger back yard awaits your architect's vision. Listed for sale with Charles Cherney.

145 Lakeview Avenue, Cambridge

Two-family on nearly a quarter acre in West Cambridge outside Huron Village. Listed and sold by Charles Cherney on February 27, 2019 for $2,500,000.

Cambridge Market Stats for February 2019

78

Homes for sale on 2/28

35

Homes sold in February

70

New listings in February

27

Average days to offer

$1,251,739

Average sale price

101%

Avg. sale to list price

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

See below for three noteworthy sales in Cambridge in February.

100 Hampshire St. Unit 3

Sold for $390,500 on Feb.14, 2019. Listed by Team Patti Brainard of Compass.

14 Cottage Street Unit 3

Sold for $1,225,000 on Feb. 8, 2019. Listed by Currier, Lane & Young of Compass.

42 Prentiss Street

Sold for $2,675,000 on Feb. 26, 2019. Listed by Carol Kelly Team of Compass.

Somerville Market Stats for February 2019

94

Homes for sale on 2/28

50

Homes sold in February

48

New listings in February

41

Average days to offer

$931,912

Average sale price

99%

Avg. sale to list price

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

See below for three noteworthy sales in Somerville in February.

29 Woodbine Unit 107

Sold for $694,250 on Feb. 20, 2019. Listed by True Home Partners of Compass.

353 Summer Street Unit 304

Sold for $1,024,900 on Feb. 18, 2019. Sold by Charles Cherney as the Buyer's Agent.

39 Murdock Street Unit 3

Sold for $1,090,000 on Feb. 22, 2019. Listed by Diozzi and Kim of Compass.

Alex Attia of the Charles Hotel

Meet General Manager Alex Attia of The Charles Hotel in Cambridge.

Checking in with Charles

We did finally see some snow in February. Not a lot. We never did have a blockbuster storm this season. No "snow days" and missed school for our daughter.

I have been aiming to rediscover a bit of time alone each day. Good for the soul. See my post on solitude on my personal blog. When is the last time you spent time alone with no inputs?

The residential real estate market in Cambridge and Somerville is picking up pace as we move towards the heart of the spring market. A number of properties seeing multiple offers and over asking sale prices. Sound familiar?

I have been making a few tweaks to improve our team website at CambridgeRealEstate.com. One great feature of our website is our blog, with new posts published each week.

The Charles Cherney Team at Compass is here to help you. Our mission is to help you buy the right home and sell for the best price. Our work is our calling. Reach out at any time!