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 Watertown, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Watertown, MA market statistics weekly on Mondays.
The real estate market in Watertown, MA has only had minor changes during the past week. There has been a slight drop in inventory in both Single Family homes and Multi-Family homes, while the condominiums inventory has remained constant. Both single family homes and condominiums have seen slight decreases in the average list price, but multi-family homes have has a slight increase in their average list price. An increase in average list price during this season does not make a lot of sense. It all comes down to motivation during this season. If one is motivated to sell, then the agent and seller must discuss realistic listing prices or else the home will languish on the market.
Condominium home sales increased their total solds this year by 2, up to 222 year-to-date. However, last year at this time there were 292 home sales, which is down 70 sales since last year. The depreciation and appreciation trends remain the same as last week when condominiums had appreciated by a little over $2,000 and Multi-family homes were the largest in depreciation at -$16,652.
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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