In an effort to be knowledgebale of our current market, I weekly pull the market statistics in Watertown, Belmont, Arlington, Newton, Waltham, Brighton and Allston. Below are the market statistics in Arlington, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Arlington, MA market statistics weekly on Wednesdays.
The market statistics are very telling in Arlington, MA because although the media is reporting a terrible market, it seems as though Arlington has managed to not only survive, but flourish in this "slow market." Inventory is down across the board, seeing the largest differential in Multi-Family homes where the inventory is now 1/3 of what it was last year.
However, the average sales price has gone up in both condominiums and multi-family homes year-to-date and, in fact, the median home value has risen in all three categories. The median home price for single family homes between 2008 and 2007 was $475,000 and $473,000 respectively. Also, condominium home sales has risen in number of transactions, which is another great sign.
If you are interested in learning about more Market Statistics or would like to be emailed these statistics on a weekly basis for a particular town, please email me at mark.madden@commonmoves.com
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