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January 2020 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...

Feb 2 3 minutes read

43 Minnesota Ave, Somerville

2-bedroom, 1-bath residence in East Somerville Listed and sold by Charles Cherney on January 30, 2020.

43 Minnesota Ave, Somerville, MA

16 Jackson Street, Cambridge

New construction 4-bedroom, 3.5 bath residence in North Cambridge. Listed for sale with Charles Cherney.

16 Jackson Street, Cambridge, MA

17 Murdock Street Unit A, Somerville

New construction 2-bedroom, 2.5 bath residence at Cedar Place in Somerville. Listed for sale with Charles Cherney and Matt Montgomery.

17 Murdock Street Unit A, Somerville, MA

Cambridge Market Stats for January 2020

65

Homes for sale on 1/31

29

Homes sold in January

78

New listings in January

 

35

Average days to offer

$1,106,017

Average sale price

98%

Avg. sale to list price

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

See below for three noteworthy sales in Cambridge in January.

318 Rindge Ave Unit 414, Cambridge, MA
318 Rindge Ave Unit 414

Sold for $731,000 on Jan. 15, 2020.
Listed by AG McEvoy Realty.

154 Fayerweather Street, Cambridge, MA
154 Fayerweather Street

Sold for 1,760,000 on Jan. 23, 2020.
Listed by Kendall Green Luce Team of Compass 

74-76 Berkshire Street, Cambridge
74-76 Berkshire Street

Sold for $1,963,,000 on Jan. 22, 2020.
Listed by Team Patti Brainard of Compass.

Somerville Market Stats for January 2020

62

Homes for sale on 1/31

51

Homes sold in January

55

New listings in January

 

54

Average days to offer

$1,090,355

Average sale price

95%

Avg. sale to list price

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

See below for three noteworthy sales in Somerville in January.

22 Forster Street Unit 1, Somerville, MA
22 Forster St. Unit 1

Sold for $906,000 on Jan. 30, 2020.
Listed by Todd Denman of Compass.

75 Rush Street Unit 2, Somerville
75 Rush Street Unit 2

Sold for $926,100 on Jan. 23, 2020.
Listed by Branch Out Res. Team of Compass.

30 Banks Street, Somerville, MA
30 Banks Street

Sold for $1,700,000 on Jan. 8, 2020.
Listed by Stephanie Walsh of Compass.

Dr. Hussoin
Eye Associates of Somerville

Meet Dr. Hussoin.

Watch Story

Checking in with Charles

Excited to bring to market several new construction listings in January, including 16 Jackson Street in Cambridge and Cedar Place in Somerville. The latter is a new 22-unit association near the Somerville Community Path outside Davis square. Be sure to check out these appealing offerings!

Hard to believe we had a 70 degree weekend in January. Market was HOT that weekend. Indeed, early indications are that 2020 will be another seller's market.

That's a picture of me (on left) on the field at Hard Rock Stadium in Miami - site of this year's Super Bowl. No, I didn't go to the game. I was there a few years ago for a conference that featured talks by Tom Ferry and Gary Vaynerchuk. Great experience being on the field. As you might expect, it's a dramatic setting!

The Charles Cherney Team at Compass is here to help you. Our mission is to help you buy the right home and sell for the best price. Our work is our calling. 
Reach out at any time!


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