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April 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...

May 6 3 minutes read

Cedar Place, Somerville

New Construction residences out Davis Square

Listed by Charles Cherney and Matt Montgomery

More Information

Cedar Place, Somerville, MA

14 + 16 Jackson, Cambridge

14 Jackson and 16 Jackson

New construction residences

Listed by Charles Cherney

79 Josephine Avenue 2, Somerville

Spacious 4-BR duplex on top two floors

outside Davis Square

Listed by Charles Cherney

79 Josephine Avenue, Somerville, MA

Coming Soon
74 Putnam Avenue, Cambridge

3-bedroom residence on doorstep of Harvard Square

with Private in-home Elevator and Garage Parking

Listed by Charles Cherney

74 Putnam Avenue, Cambridge, MA

Cambridge Market Stats for April 2020

72

Homes for sale on 4/30

47

Homes sold in April

49

New listings in April

 

16

Average days to offer

$1,219,190

Average sale price

103%

Avg. sale to list price

Click here to see all the sales in Cambridge in April.

See below for three noteworthy sales in Cambridge in April.

373 Western Ave. Unit 3, Cambridge, MA
373 Western Ave Unit 3

Sold for $483,300 on April 3, 2020. Listed by Team Patti Brainard of Compass.

330 Broadway Unit 2, Cambridge, MA
330 Broadway Unit 2

Sold for $1,450,000 on April 7, 2020. Listed by Rambaud & Guardia Team of Compass.

4 Wyman Road, Cambridge
4 Wyman Road

Sold for $2,850,000 on April 7, 2020. Listed by Petrowsky Jones Group of Compass.

Somerville Market Stats for April 2020

73

Homes for sale on 4/30

44

Homes sold in April

44

New listings in April

 

18

Average days to offer

$1,062,100

Average sale price

102%

Avg. sale to list price

Click here to see all the sales in Somerville in April.

See below for three noteworthy sales in Somerville in April.

96 North Street Unit 6, Somerville, MA
96 North St. Unit 6

Sold for $875,000 on April 2, 2020. Listed by Kelly Bruno of Compass.

17 Murdock Street Unit A, Somerville
17 Murdock St. Unit A

Sold for $895,000 on April 1, 2020. Listed by Charles Cherney & Matt Montgomery at Compass.

16 Kingman Road, Somerville, MA
16 Kingman Road

Sold for $915,000 on April 8, 2020. Listed by Melissa Baldwin at Compass.

What are the Neighborhoods of Cambridge, MA?

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What are the Neighborhoods of Somerville, MA?

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What is a Cash Offer?

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Checking in with Charles

Although I spent most of the entire month of April at home with my wife and our daughter, I did get out on multiple occasions in service of buyer and seller clients.

For sure, there are not as many homes for sale in Cambridge and Somerville at this time. So far, however, price points are holding up. Some listings have even received multiple offers during the shelter-in-place phase.  One of my buyer clients came out the winner in a multiple offer situation.

The market seems to be slowly gaining a bit more momentum. It feels like the traditional "spring market" will show up this year during the summer – or perhaps even in the fall. Stay tuned!

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!


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