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4th Quarter 2018 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...

Apr 4 2 minutes read

Cambridge Multi-family Market Stats
for Oct. 1 to Dec 31, 2018 (4th Quarter)

28

Multi-family Sales in 4th Quarter 2018

23

Average Number of Days To Offer

$1,641,875

Average Sale Price of A Multi-family

96% 

Sale Price averaged 96% of the List Price

4th Quarter 2018
Multi-family Sales in Cambridge

Of the 28 multi-family sales in Cambridge in the fourth quarter of 2018, there were fifteen sales under $1.5M; seven sales between 1.5M and $2M; and six sales over $2M. 

Click here to see all the multi-family sales in Cambridge in Q4 2018.

See below for three noteworthy multi-family sales in Cambridge in Q4 2018.

6-8 Porter Park

Sold for $975,000 on Oct. 9, 2018. Listed by Glenna Gelineau of Gelineau & Associates R.E.

74 Spring Street

Sold for $1,100,000 on Nov. 9, 2018. Listed by Paul Slavinkski of Charles Associates..

102 Lakeview Avenue

Sold for $2,500,000 on Oct. 26, 2018. Listed by Carol Kelly Team at Compass.

Somerville Multi-family Market Stats
for Oct. 1 to Dec. 31, 2018 (4th Quarter)

44

Multi-family Sales in 4th Quarter 2018

23

Average Number of Days To Offer

$1,229,786

Average Sale Price of A Multi-family

99% 

Sale Price averaged 99% of the List Price

4th Quarter 2018
Multi-family Sales in Somerville

Of the 44 multi-family sales in Somerville in the 4th quarter of 2018, there were seventeen sales under $1M; twenty sales between $1M and $1.5M; and seven sales for more than $1.5M.

Click here to see all the multi-family sales in Somerville in Q4 2018.

See below for three noteworthy multi-family sales in Somerville in Q4 2018.

40 Florence Street

Sold for $750,000 on Nov. 15, 2018. Listed by Covelle & Cohen of Leading Edge Real Estate.

8 Douglas Avenue

Sold for $861,500 on Nov. 16, 2018. Listed by Charlene Higonenq and Michael Pallares of Andrew Mitchell & Company.

52 Clarendon Avenue

Sold for $1,475,000 on Sep. 12, 2018. Listed by Sara Rosenfeld of CBRB.

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