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1st Quarter 2020 Condo 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...

Apr 8 2 minutes read

Cambridge Condo Market Stats
for Jan. 1 to March 31, 2020 (1st Quarter)

83

Condo Sales in 1st Quarter 2020

41

Average Number of Days To Offer

$1,049,375

Average Sale Price of Condo in Cambridge

101% 

Sale Price averaged 98% of the List Price

1st Quarter 2020
Condo Sales in Cambridge

Of the 83 condo sales in Cambridge in the 1st quarter of 2020, 10` sales were under $599,999; 24 sales were between $600,000 & $799,999; 17 sales were between $800,000 & $999,999; and 32 sales were for $1M+ or more.

1st Quarter 2020 Condo Sales in Cambridge

Click here to see all the condo sales in Cambridge in Q1 2020.

See below for three noteworthy condo sales in Cambridge in Q1 2020.

205 Richdale Ave Unit A-11, Cambridge, MA
205 Richdale Ave Unit A-11

Sold for 761,000 on March 39, 2020.
Listed by Oriana Van Daele & Lisa Drapkin of Compass.

164 Elm Street North Unit 1, Cambridge, MA
164 Elm St. North Unit 1

Sold for $1,620,000 on March 30, 2020.
Listed by Robin Repucci of Compass.

154 Fayerweather Street, Cambridge, MA
154 Fayerweather Street

Sold for $1,760,000 on Jan. 24, 2020.
Listed by Kendall Green Luce Team of Compass.

Somerville Condo Market Stats
for Jan. 1 to March 31, 2020 (1st Quarter)

117

Condo Sales in 1st Quarter 2020

55

Average Number of Days To Offer

$844,593

Average Sale Price of Condo in Somerville

99% 

Sale Price averaged 99% of the List Price

1st Quarter 2020
Condo Sales in Somerville

Of the 101 condo sales in Somerville in the first quarter of 2020, 17 sales were under $599,999; 25 sales were between $600,000 & $799,999; 40 sales were between $800,000 & $999,999; and 19 sales were for $1M+ or more.

4th Quarter 2019 Condo Sales in Somerville, MA

Click here to see all the condo sales in Somerville in Q1 2020.

See below for three noteworthy condo sales in Somerville in Q1 2020.

43 Minnesota Ave, Somerville, MA
43 Minnesota Ave

Sold for $520,500 on Jan. 30, 2020.
Listed by Charles Cherney.

12 Pitman Street, Somerville, MA
12 Pitman Street

Sold for $700,000 on Feb. 14, 2020.
Listed by Charles Cherney & Maggie Dee.

47 Electric Ave Unit 2, Somerville, MA
47 Electric Ave 2

Sold for $780,000 on Feb. 28, 2020.
Sold by Ana Andreev of Charles Cherney Team as the Buyer's Agent.

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