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1st Quarter 2020 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...

Apr 9 2 minutes read

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

15

Multi-family Sales in 1st Quarter 2020

21

Average Number of Days To Offer

$2,336,850

Average Sale Price of A Multi-family

102% 

Sale Price averaged 98% of the List Price

1st Quarter 2020
Multi-family Sales in Cambridge

Of the 15 multi-family sales in Cambridge in the first quarter of 2020, there were 4 sales under $1.5M; 7 sales between 1.5M and $2M; and 4 sales over $2M.

Cambridge 1st Quarter 2020 Multi-Family Sales

Click here to see all the multi-family sales in Cambridge in Q1 2020.

See below for 3 noteworthy multi-family sales in Cambridge in Q1 2020.

66 Hurley Street, Cambridge
66 Hurley Street

Sold for $1,226,000 on Feb. 10, 2020.
Listed and sold by Charles Cherney.

74-76 Berkshire Street, Cambridge
74-76 Berkshire Street

Sold for $1,963,000 on Jan. 22, 2020.
Listed Team Patti Brainard of Compass.

29 Vassal Lane, Cambridge
29 Vassal Lane

Sold for $2,291,250 on Feb. 28, 2020.
Listed by Bill Aibel of CBRB.

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

34

Multi-family Sales in 1st Quarter 2020

38

Average Number of Days To Offer

$1,441,784

Average Sale Price of A Multi-family

95% 

Sale Price averaged 95% of the List Price

1st Quarter 2020
Multi-family Sales in Somerville

Of the 34 multi-family sales in Somerville in the 1st quarter of 2020, there were 8 sales under $1M; 14 sales between $1M and $1.5M; and 12 sales for more than $1.5M.

1st Quarter 2020 Multi-Family Sales in Somerville

Click here to see all the multi-family sales in Somerville in Q1 2020.

See below for 3 noteworthy multi-family sales in Somerville in Q1 2020.

15 Oxford Street, Somerville
15 Oxford Street

Sold for $`980,000 on Feb. 26, 2020. Listed by David Bottari of Berkshire Hathaway.

122 Central Street, Somerville
122 Central Street

Sold for $1,075,000 on Jan. 28, 2020. Listed by Branch Out Res. Team of Compass.

30 Banks Street, Somerville
30 Banks Street

Sold for $1,700,000 on Jan. 8, 2020. Listed by Stephanie Walsh of Compass.

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