August 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...

305 Webster Ave, Cambridge - Inman Crossing

Visit Inman Crossing.com to see the residences still for sale at 305 Webster Ave in Cambridge. Excited to be listing this new construction 36-unit elevator building with garage parking.

40 School Street Unit 3, Somerville

Top floor 2-bedroom plus study, 1-bath residence in Spring Hill outside of Union Square. Listed and sold by Charles Cherney on August 28, 2019 for $768,000.

Cambridge Market Stats for August 2019

87

Homes for sale on 8/31

69

Homes sold in August

48

New listings in August

19

Average days to offer

$966,433

Average sale price

104%

Avg. sale to list price

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

See below for three noteworthy sales in Cambridge in August.

55 Howard St. Unit 2

Sold for $735,000 on Aug. 28, 2019 by Ana Andreev of the Charles Cherney Team as the Buyer's Agent.

304 Washington St. Unit 6

Listed and sold for $830,000 on Aug. 16, 2019
by Currier, Lane & Young of Compass.

262 Mon. O'Brien Highway Unit 405

Sold for $895,000 on Aug. 28, 2019 by Maggie Dee Spencer of the Charles Cherney Team as the Buyer's agent.

Somerville Market Stats for August 2019

114

Homes for sale on 8/31

74

Homes sold in August

51

New listings in August

29

Average days to offer

$843,750

Average sale price

99%

Avg. sale to list price

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

See below for three noteworthy sales in Somerville in August.

40 Highland Ave Unit 6

Sold for 554,900 on Aug. 1, 2019 by Maggie Dee Spencer of the Charles Cherney Team as the Buyer's Agent.

36 Linden Ave. Unit 5

Sold for $600,000 on Aug. 1, 2019
by Melissa Baldwin of Compass.

100 Bartlett Street Unit `1

Sold for $975,000 on Aug. 6, 2019
by True Home Partners of Compass.

Checking in with Charles

The Charles Cherney Team enjoyed a summer sunset sail on the Boston Harbor in August. Great to spend some quality time together away from the office. It's breathtaking to see the city from the harbor. We were blessed with a perfect summer weather.

I found my way to Southern California in August. Our daughter is going to be a senior in high school this fall, so this was a trip to visit colleges. We really liked Scripps and Pomona in Claremont, CA. The process will unfold this fall, and we shall see what comes of it!

There are 20 signed purchase and sale agreements now at Inman Crossing in Cambridge. See the condos still available at Inman Crossing.com. This new construction four-story elevator building has been a hit. Check it out.

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!

Instagram Books

I was inspired by Seth Godin to start publishing Instagram "books." Topics include the Cambridge and Somerville community; market stats; and your home. Check them out in my Instagram feed.