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2nd Quarter 2019 Multi-family Sales Market Report

Charles Cherney

I am living my life and doing my work with joy. I have successfully served hundreds of buyers and sellers in Cambridge and Somerville, MA...

I am living my life and doing my work with joy. I have successfully served hundreds of buyers and sellers in Cambridge and Somerville, MA...

Aug 16 2 minutes read

Cambridge Multi-family Market Stats
for April 1 to June 30, 2019 (2nd Quarter)

22

Multi-family Sales in 2nd Quarter 2019

37

Average Number of Days To Offer

$1,997,664

Average Sale Price of A Multi-family

101% 

Sale Price averaged 101% of the List Price

2nd Quarter 2019
Multi-family Sales in Cambridge

Of the 22 multi-family sales in Cambridge in the second quarter of 2019, there were five sales under $1.5M; nine sales between 1.5M and $2M; and eight sales over $2M. 

Cambridge 2nd Quarter 2019 Multi-Family Sales

Click here to see all the multi-family sales in Cambridge in Q2 2019.

See below for 3 noteworthy multi-family sales in Cambridge in Q2 2019.

75 Kinnaird Street, Cambridge
75-79 Kinnaird Street

Sold for $2,000,000 on Feb. 14, 2019. Listed by Serge Shyshko of Apartment Rental Experts.

179 Larch Road, Cambridge
179 Larch Road

Sold for $2,387,600 on May 28, 2019. Listed by Team Rice of Barrett Sotheby's.

31 Tremont Street, Cambridge
31 Tremont Street

Sold for $5,150,000 on June 26, 2019. Listed by Charles Cherney of Compass.

Somerville Multi-family Market Stats
for April 1 to June 30, 2019 (2nd Quarter)

44

Multi-family Sales in 2nd Quarter 2019

37

Average Number of Days To Offer

$1,567,389

Average Sale Price of A Multi-family

95% 

Sale Price averaged 95% of the List Price

2nd Quarter 2019
Multi-family Sales in Somerville

Of the 44 multi-family sales in Somerville in the 2nd quarter of 2019, there were thirteen sales under $1M; twenty-two sales between $1M and $1.5M; and nine sales for more than $1.5M.

2nd Quarter 2019 Multi-Family Sales in Somerville

Click here to see all the multi-family sales in Somerville in Q2 2019.

See below for 3 noteworthy multi-family sales in Somerville in Q2 2019.

22 Pearl Street, Somerville
22 Pearl Street

Sold for $970,000 on May 22 2019. Listed by Todd Denman of Compass.

17 Princeton Street, Somerville
17 Princeton Street

Sold for $1,000,000 on June 21, 2019. Listed by Team Patti Brainard of Compass.

78 Morrison Avenue, Somerville
78 Morrison Avenue

Sold for $1,400,000 on May 29, 2019. Listed by True Home Partners of Compass.

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