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1st 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...

Jan 7 2 minutes read

Cambridge Multi-family Market Stats
for Jan. 1 to Mar. 31, 2019 (1st Quarter)

20

Multi-family Sales in 1st Quarter 2019

37

Average Number of Days To Offer

$1,994,176

Average Sale Price of A Multi-family

93% 

Sale Price averaged 93% of the List Price

1st Quarter 2019
Multi-family Sales in Cambridge

Of the 20 multi-family sales in Cambridge in the first quarter of 2019, there were five sales under $1.5M; nine sales between 1.5M and $2M; and six sales over $2M. 

Cambridge 1st Quarter 2019 Multi-Family Sales

Click here to see all the multi-family sales in Cambridge in Q1 2019.

See below for three noteworthy multi-family sales in Cambridge in Q1 2019.

384 Broadway, Cambridge
384 Broadway

Sold for $2,070,000 on Feb. 14, 2019. Listed by Katya Pitts of Leading Edge Real Estate.

145 Lakeview Avenue, Cambridge
145 Lakeview Avenue

Sold for $2,500,000 on Feb. 27, 2019. Listed and sold by Charles Cherney.

50-52 Irving Street, Cambridge
50-52 Irving Street

Sold for $3,600,000 on Mar. 29, 2019. Listed by Ann Sabbey of Re/Max Destiny.

Somerville Multi-family Market Stats
for Jan. 1 to Mar. 31, 2019 (1st Quarter)

23

Multi-family Sales in 1st Quarter 2019

36

Average Number of Days To Offer

$1,318,394

Average Sale Price of A Multi-family

99% 

Sale Price averaged 99% of the List Price

1st Quarter 2019
Multi-family Sales in Somerville

Of the 23 multi-family sales in Somerville in the 1st quarter of 2019, there were five sales under $1M; sixteen sales between $1M and $1.5M; and two sales for more than $1.5M.

1st Quarter 2019 Multi-Family Sales in Somerville

Click here to see all the multi-family sales in Somerville in Q1 2019.

See below for three noteworthy multi-family sales in Somerville in Q1 2019.

79 Puritan Road, Somerville
79 Puritan Road

Sold for $867,750 on Jan. 1, 23 2019. Listed by Bigelow/Irving of Compass.

28 Sterling Street, Somerville
28 Sterling Street

Sold for $1,065,000 on Mar. 22, 2019. Listed by Team Patti Brainard of Compass.

67 Garrison, Somerville
65-67 Garrison

Sold for $1,400,000 on Feb. 8, 2019. Listed by Christian Murray of North Corner Realty.

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