February 2022 Market Report

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

Cambridge Market Stats for February 2022

85

Homes for sale on `2/28

30

Homes sold in February

74

New listings in February

35

Average days to offer

$1,390,330

Average sale price

99%

Avg. sale to list price

Click here to see Cambridge sales in February

See below for three noteworthy sales in Cambridge in February

1975 Mass Ave Unit 203

Sold for $750,000 on Feb. 28, 2022. Listed by Stephen Facelle of Rise Realty.

64 Richdale Ave Unit 1

Sold for $907,500 on Feb. 16, 2022. Listed by Mario Massimino of Douglas Elliman.

75 Prince Street

Sold for $1,950,000 on Feb. 15, 2022. Listed by William Senne of Senne.

Somerville Market Stats for February 2022

52

Homes for sale on 2/28

29

Homes sold in February

71

New listings in February

38

Average days to offer

$1,007,134

Average sale price

97%

Avg. sale to list price

Click here to see Somerville sales in February

See below for three noteworthy sales in Somerville in February

33 Summer Street Unit 6

Sold for $``775,000on Feb. 24, 2022. Listed by Quinlan Home Team of Classified Realty Group.

593 Somerville Ave Unit 3

Sold for $911,000 on Feb. 23, 2022. Listed by The Rasner Group of Keller Williams.

7 Park Avenue Unit 1

Sold for $1,660,000 on Feb. 24, 2022. Listed by Thalia Tringo of Thalia Tringo Real Estate.

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Checking in with Charles

February included days in the 60s, as well as those in the single digits. Welcome to New England! Glad to be taking regular walks and getting close to 10,000 steps in each day.

I read a fantastic book this month - The Gap and the Gain.

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 – and to answer your questions about the market, your home, and the community. Our work is our calling. Reach out at any time!