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September 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...

Oct 4 3 minutes read

57 Henry Street Unit 1, Cambridge

Two-bed, two-bath in Cambridgeport near the Charles River. Listed for sale with Charles Cherney.

21 Dudley Street Unit 2, Cambridge

Second floor two-bedroom residence with front porch and back deck in North Cambridge. Listed for sale with Charles Cherney and Maggie Dee Spencer.

33 Pitcher Ave, Medford

Single family with large back yard.  Listed for sale with Maggie Dee Spencer. Multiple offers received.

44 Ivaloo Street Unit 1, Somerville

Two-bed, two-bath in Somerville near the American Academy. Listed for sale with Charles Cherney. Multiple offers received.

Cambridge Market Stats for September 2018

94

Homes for sale as of Sept. 30

43

Homes sold in September

111

New listings in September

 

22

Average days to offer

$1,217,986

Average sale price

100%

Average sale to list price ratio

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

See below for three noteworthy sales in Cambridge in September.

31 Concord Ave Unit 10

Sold for $650,000 on September 13, 2018.
Listed by Bonny Lamb of Compass.

23 Palermo Street Unit 2

Sold for $992,000 on September 11, 2018.
Listed by Petrowsky Jones Group of Compass.

131 Holworthy Street Unit 3

Sold for 600,000 on September 7, 2018. Christine Carpenter of the Charles Cherney Team was the buyer's agent for this sale.

Somerville Market Stats for September 2018

135

Homes for sale as of Sept. 30

45

Homes sold in September

136

New listings in September

 

23

Average days to offer

$882,581

Average sale price

98%

Average sale to list price ratio

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

See below for three noteworthy sales in Somerville in September.

10 Partridge Avenue

Sold for $760,259 on September 14, 2018.
 Listed by Robin Repucci of Compass.

20 Curtis Street Unit 1

Sold for $810,000 on September 17, 2018.
Listed by Hanneman + Gonzales Team of Compass.

84 Thurston Street

Sold for $1,250,000 on September 21, 2018.
Charles Cherney the listing agent and Maggie Dee Spencer as the buyer's agent for this sale.

VIDEO: James Weinberg of Weinberg Design.

Meet James Weinberg of Weinberg Design in Somerville on SomervilleStories.com.

Checking in with Charles

In September, I decided to sign up for "Fall into Fitness" with Nikki Bruno of Somerville. Nikki is a great coach and I look forward to continuing to work with her on my fitness journey! So far, so good! Water, workouts and walks are now the new order of my days.

The fall market in full swing in the month of September. Activity picked up right after Labor Day and has continued since at a steady pace. Although there are still many multiple offer equations, there are more listings staying on the market beyond the first weekend. Could this mean the strong seller's market of the last 5+ years is beginning to shift? Time will tell.

I recently rediscovered my interest in backgammon. Backgammon is a lot like real estate, insofar as it involves not only a great deal of skill but also the element of chance. I have enjoyed improving my game by playing against the computer on Extreme Gammon on my iPad. Looking forward to teaching my daughter how play in the months ahead. I'm pretty sure she will be a very good player!



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