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Third 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...

Oct 21 2 minutes read

Cambridge Multi-family Market Stats
for July 1 to Sep. 30, 2018 (3rd Quarter)

28

Multi-family Sales in 3rd Quarter 2018

21

Average Number of Days To Offer

$1,935,357

Average Sale Price of A Multi-family

103% 

Sale Price averaged 103% of the List Price

3rd Quarter 2018
Multi-family Sales in Cambridge

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

Click here to see all the multi-family sales in Cambridge in Q3 2018.

See below for three noteworthy multi-family sales in Cambridge in Q3 2018.

19 Rindgefield

Sold for $1,405,000 on July 18, 2018.
Listed by Ann Sabbey of Re/Max Destiny.

41-43 Royal Avenue

Sold for $2,900,000 on July 2, 2018.
Listed and sold by Charles Cherney.

60 Stearns Street

Sold for $1,648,000 on July 27, 2018. Listed by Jonathan Mitchell of Compass.

Somerville Multi-family Market Stats
for July 1 to Sep. 30, 2018 (3rd Quarter)

62

Multi-family Sales in 3rd Quarter 2018

20

Average Number of Days To Offer

$1,146,011

Average Sale Price of A Multi-family

101% 

Sale Price averaged 101% of the List Price

3rd Quarter 2018
Multi-family Sales in Somerville

Of the 62 multi-family sales in Somerville in the third quarter of 2018, there were twenty-five sales under $1M; 29 sales between $1M and $1.5M; and eight sales for more than $1.5M.

Click here to see all the multi-family sales in Somerville in Q3 2018.

See below for three noteworthy multi-family sales in Somerville in Q3 2018.

47 Electric Avenue

Sold for $1,400,000 on July 19, 2018.
Listed by Christopher Angles of Angles Realty.

108 Summer Street

Sold for $1,650,000 on July 31, 2018.
Listed and sold by Charles Cherney.

24 Spencer Avenue

Sold for $1,240,000 on September 10, 2018. Listed by John Silva of Century 21 McLennan & Company.

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