July 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 by Charles Cherney and Maggie Dee Spencer on July 20, 2018.

2 Newton Street Unit 2, Cambridge

Three-bedroom condo in Cambridgeport listed for sale by Charles Cherney on July 11, 2018. Now under accepted offer.

86 Thurston Street, Somerville

New construction modern home in Winter Hill, listed for sale by Charles Cherney on July 18, 2018. Now under accepted offer.

Cambridge Market Stats for July 2018

75

Homes for sale as of July 31

87

Homes sold in month of July

71

New listings in month of July

17

Average days to offer

$1,219,764

Average sale price

106%

Average sale to list price ratio

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

See below for three noteworthy sales in Cambridge in July.

41-43 Royal Avenue

Sold for $2,900,000 on July 2, 2018. Charles Cherney the listing agent for this sale.

42-7 Cogswell Avenue

Sold for $886,000 on July 20, 2018 - $144,000 over the asking price.

307 Harvard Street

Sold for $3,700,000 on July 27, 2018 - $482,000 over the asking price.

Somerville Market Stats for July 2018

94

Homes for sale as of July 31

71

Homes sold in month of July

70

New listings in month of July

18

Average days to offer

$923,459

Average sale price

103%

Average sale to list price ratio

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

See below for three noteworthy sales in Somerville in July.

1098 Broadway

Sold for $1,700,000 on July 6, 2018 - $305,000 over the asking price.

22 Forster Unit 2

Sold for $916,000 on June 18, 2018 - $141,100 over the asking price.

108 Summer Street

Two-family sold for $1,065,000 on July 31, 2018. Charles Cherney the listing agent for this sale.

3 Things Charles Cherney

Recently, I started a series on Facebook reflecting on my life and real estate experiences - Check it out at 3ThingsCharlesCherney.com.

Meet Photographer Mike Spencer

Meet professional photographer Mike Spencer of Somerville on SomervilleStories.com.

Checking in with Charles

In July, I finished reading the biography of Steve Jobs by Walter Isaacson. It's remarkable how much Apple founder Steve Jobs accomplished in his 56 years on earth. His early death in 2011 reminds me that life goes fast. This summer, my brother-in-law suddenly passed away. Loss of a loved one really brings home how each day is a gift, no matter what challenges the day brings.

This summer, I have been very busy with work - busier than usual, as it happens, by summer market standards. I have gone out of my way to make sure I am still present in the moment and not missing out on the miracles of everyday life. To feel the breeze on one's face or appreciate a glass of water or contemplate the infinity of the sky - the world is a wonder to behold.