May 2020 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...
Cedar Place, Somerville
New Construction residences outside of Davis Square
Listed by Charles Cherney and Matt Montgomery
More Information
79 Josephine Avenue 2, Somerville
Spacious duplex outside Davis Square
Listed by Charles Cherney
More Information
74 Putnam Avenue, Cambridge
3-bedroom residence on doorstep of Harvard Square
with Private in-home Elevator and Garage Parking
Listed by Charles Cherney
More Information
20 Concord Avenue 8, Cambridge
Inviting 1-Br near Harvard Square
Listed by Christine Carpenter
More Information
Cambridge Market Stats for May 2020
122
Homes for sale on 5/31
38
Homes sold in May
92
New listings in May
21
Average days to offer
$1,130,218
Average sale price
101%
Avg. sale to list price
Click here to see all the sales in Cambridge in May.
See below for three noteworthy sales in Cambridge in May.
373 Western Ave Unit 3
Sold for $460,000 on May 29, 2020. Listed by Team Patti Brainard of Compass.
26 Plymouth St. Unit 1
Sold for $605,000 on May 15, 2020. Listed by Merrill Berkery of Compass.
214 Hurley St.
Sold for $1,060,000 on May 18, 2020. Listed by Myra Von Turkovich of Leading Edge.
Somerville Market Stats for May 2020
73
Homes for sale on 5/31
44
Homes sold in May
62
New listings in May
22
Average days to offer
$1,017,270
Average sale price
99%
Avg. sale to list price
Click here to see all the sales in Somerville in May.
See below for three noteworthy sales in Somerville in May.
38 Walker Street St.
Sold for $650,000 on May 4, 2020. Listed by Liz & Ellie Real Estate of Compass.
70 Prospect St. Unit 401
Sold for $835,000 on May 5, 2020. Listed by True Home Partners of Compass.
14 Ellsworth Street
Sold for $1,050,000 on May 27, 2020. Listed by Denman Properties of Compass.
Discover West Cambridge
How much should you offer?
Discover East Cambridge
Checking in with Charles
I upped my daily walking to 10,000+ steps each day in the month of May and ended up walking over 150 miles. Cowabunga! That is more than I drove. Brave new world.
Our daughter graduated from Brimmer and May School. Congratulations, Camille! Next up is Pomona College outside LA.
I watched the Ken Burns' PBS documentary on country music and I have been listening to lots of country music of late. Love the Emmylou Harris album "Live at the Ryman."
Every week it seems there are a few more homes for sale and a few more buyers in the market. Price points continue to hold up in Cambridge and Somerville. The "spring market" is shaping up to play out in June-July-August.
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!
Are you buying soon?
We can help you buy the right home.
Selling your home?
We can help you sell for the best price.
Return to Monthly Market Reports