Third Quarter 2018 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 Sep. 30, 2018 (3rd Quarter)
28
Multi-family Sales in 3rd Quarter 2018
21
Average Number of Days To Offer
$1,935,357
Average Sale Price of A Multi-family
103%
Sale Price averaged 103% of the List Price
3rd Quarter 2018
Multi-family Sales in Cambridge
Of the 28 multi-family sales in Cambridge in the third quarter of 2018, there were six sales under $1.5M; twelve sales between 1.5M and $2M; and ten sales over $2M.
Click here to see all the multi-family sales in Cambridge in Q3 2018.
See below for three noteworthy multi-family sales in Cambridge in Q3 2018.
19 Rindgefield
Sold for $1,405,000 on July 18, 2018.
Listed by Ann Sabbey of Re/Max Destiny.
41-43 Royal Avenue
Sold for $2,900,000 on July 2, 2018.
Listed and sold by Charles Cherney.
60 Stearns Street
Sold for $1,648,000 on July 27, 2018. Listed by Jonathan Mitchell of Compass.
Somerville Multi-family Market Stats
for July 1 to Sep. 30, 2018 (3rd Quarter)
62
Multi-family Sales in 3rd Quarter 2018
20
Average Number of Days To Offer
$1,146,011
Average Sale Price of A Multi-family
101%
Sale Price averaged 101% of the List Price
3rd Quarter 2018
Multi-family Sales in Somerville
Of the 62 multi-family sales in Somerville in the third quarter of 2018, there were twenty-five sales under $1M; 29 sales between $1M and $1.5M; and eight sales for more than $1.5M.
Click here to see all the multi-family sales in Somerville in Q3 2018.
See below for three noteworthy multi-family sales in Somerville in Q3 2018.
47 Electric Avenue
Sold for $1,400,000 on July 19, 2018.
Listed by Christopher Angles of Angles Realty.
108 Summer Street
Sold for $1,650,000 on July 31, 2018.
Listed and sold by Charles Cherney.
24 Spencer Avenue
Sold for $1,240,000 on September 10, 2018. Listed by John Silva of Century 21 McLennan & Company.
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