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June 2018 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...

Jul 12 3 minutes read

120 Chilton Street, Cambridge

Three-bedroom West Cambridge single family listed for sale by Charles Cherney on June 20, 2018. Now pending. Very inviting back yard.

71 Fulkerson St. Unit 206, Cambridge

Two-bedroom loft-style condo in East Cambridge listed for sale by Charles Cherney on June 20, 2018. Now pending. 

Cambridge Market Stats for June 2018

84

Homes for sale as of June 30

94

Homes sold in month of June

105

New listings in month of June

 

16

Average days to offer

$1,245,159

Average sale price

104%

Average sale to list price ratio

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

See below for three noteworthy sales in Cambridge in June.

17 Healey Street Unit 302
17 Healey Street Unit 302

Sold for $630,000 on June 1, 2018. Charles Cherney the listing agent and Maggie Dee Spencer the buyer's agent for this sale.

72 Holworthy Street

Sold for $2,510,00 on June 22, 2018.

5 Lamson Place Unit 3

Sold for $790,000 on June 29, 2018.

Somerville Market Stats for June 2018

99

Homes for sale as of June 30

89

Homes sold in month of June

69

New listings in month of June

 

19

Average days to offer

$953,112

Average sale price

102%

Average sale to list price ratio

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

See below for three noteworthy sales in Somerville in June.

19 Adams Street Unit B
19 Adams Street Unit B

Sold for $1,400,000 on June 18, 2018.

87 Bristol Road Unit 2
87 Bristol Road Unit 2

Sold for $780,000 on June 18, 2018. Charles Cherney the listing agent for this sale.

40 Newbury Street Unit A
40 Newbury Street Unit A

Sold for $1,200,000 on June 29, 2018.

Dining out in Cambridge & Somerville

Recently, our team decided to make our weekly meeting a luncheon, so that we could explore Cambridge and Somerville restaurants and spend a little more quality time together.

Pictured here: Maggie Dee Spencer and Christine Carpenter of the Charles Cherney Team on the patio at Atwood's in East Cambridge.

Checking in with Charles

I found myself on a hot summer night in June waiting for a text message from a buyer's agent regarding whether or not his buyer would proceed with signing the purchase and sale on one of my listings. If the answer was NO, that meant letting my seller client know the news late at night and thereafter preparing the escrow deposit release and putting the property back on the market and scheduling an open house for the weekend. If the answer was YES, that meant sending the agreement signed by the buyer to my seller clients to Docusign - which they could do from their phones in two different places. Real estate is an interesting business. A long hour later, the text came. The answer was YES. Purchase and sale Docusigned by midnight.



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