In an effort to be knowledgebale of our current market, I weekly pull the market statistics in Watertown, Belmont, Arlington, Newton, Waltham and Brighton. Below are the market statistics in Belmont, MA. I will be posting the market Statistics for Belmont, MA on Mondays.

The Belmont, MA housing market has seemingly hit a bump in the road according to the most recent market statistics. Single family home prices have depreciated -$109,810 and multi-family home prices have depreciated -$124,500. However, there is promise in the Belmont market and that can be found in the condominiums.

The average sale price for condominium homes has risen $13,302 since last year at this time. There have been 4 sales in 2009, compared to 6 sales last year. There is still room for improvement, mostly in the shape of days on market. Both active condominium homes and sold condominium homes are averaging over 200 days on the market. The reason for this is overpricing. Condominiums are selling at an average of 89% of the original listing price.

Single family homes have seemingly slowed. Comparatively, there has been 10 sales in 2009 to the 25 sales we had at this point last year. We have greater inventory on the market this year, but the homes are sitting on the market for longer period of time due to high prices.

Want some perspective? I know I do! Check out the video to learn if YOU can sell your Belmont home and not lose money. I took the statistics below from an article printed in The Boston Magazine titled "How's the Market Been Treating Your Town?" I talk a bit more indepth about them in the video below. Take a peek.

CAN I SELL IN BELMONT, MA? BRING ON THE PERSPECTIVE!

For more information on my business please click the logo below or email me at mark@smarthomesboston.com. If there is anything you are interested in having me discuss or a certain town/city that you would like market statistics for, please email me or call me at 617.448.9481.