In an effort to be knowledgeable 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.

We are not in a depressed market, as is evident in the town of Arlington. There has been a decrease in the average list price for Multi-Family homes in Arlington, from $528,828 last week to $485,633 this week. That's a total of $43,195 in list price difference. This is a great market to be an investor or to "buy in" low.

Also, we've had a few sales in each category since last week, which is a great indication that the market has still been plugging away in Arlington, which is evident by the Overall Appreciation/Depreciation section of the chart. The Depreciation gap has shrunk by $1,643, while the Appreciation levels of Condominiums and Multi-Family homes has remained!

Many buyers are concerned about buying now, for fear or prices dropping even more in the next year. The prices very well could drop next year by another 5%, but interest rates could also rise next year by the same percentage. It is important to work with a competent buyers agent in these times. For instance, I could help to decrease your interest rate by either .25% or .5% right now, wouldn't that be nice? To learn more click on my email below and we can chat about how you can save big on monthly payments with you next home purchase.

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

Please click here to visit the Know Your Market Archives.