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Know Your Market: Watertown MA Real Estate Market Statistics – March 2014

In an effort to provide the most insight and information to your clients, followers and colleagues we, at The Madden Team, provide weekly and monthly market statistics pertaining to certain local markets. We provide Watertown, Waltham, Belmont and Newton statistics monthly and each town is provided in a separate week.

This week we will be looking at the Watertown MA Real Estate Market Statistics and comparing them to the same time period (January 1st – March 3rd) of last year, 2013. There are some great signs of appreciation for homeowners along with some words of caution that we’ll discuss below.

Click Here for the PDF: SYMK Watertown – All Housing Types – March 3, 2014

As you can see, appreciation levels of 33%, 29% and 13% are great for our home owners and sellers out there. The median home values are even showing strong appreciation levels too. We are seeing roughly the same inventory as last year across all the sectors of the market, with the single family market lagging the furthest behind.

Our words of caution for sellers is that, your home may have appreciated but the levels we are seeing here are not typical. Our market analysis and absorption rate analysis help us to give sellers a realistic expectation of their property appreciation (or depreciation) with the goal of obtaining top dollar for our clients.

With inventory levels being low, it is a great opportunity to enter the marketplace because there is pent up buyer demand just waiting for new listings to hit the market.

 

Know Your Market: Watertown MA Real Estate Market Statistics – January 2014

In an effort to provide the most insight and information to your clients, followers and colleagues we, at The Madden Team, provide weekly and monthly market statistics pertaining to certain local markets. We provide Watertown, Waltham, Belmont and Newton statistics monthly and each town is provided in a separate week.

This week we will be looking at the Watertown MA Real Estate Market Statistics and comparing the year in 2013 to the year in 2012. Our first few statistics show the active availability compared to last year at this time before comparing 2013 to 2012. Please do not hesitate to reach out to us should you have any questions or if there is a town that you may like an update on yourself.

SYMK - January 10 2014 - Whole Page

Click Here for PDF: SYMK Watertown – All Housing Types – January 10 2014

 

Watertown MA Real Estate – 32 White Avenue D35 – The Madden Team of CENTURY 21 Commonwealth

Surprisingly spacious 550 sf condo with sleeping nook, large living room and corner kitchen. The newer hardwood floors stretch through the sleeping and living room areas leading to the balcony with views of Saltonstall Park. A well-appointed bathroom, walk-in closet and 1 deeded parking create a perfect condominium opportunity. The Hamilton Place offers intercom access, laundry facilities, elevator and fitness room all within walking distance of Watertown Square and many commuting options. [Read more...]

Know Your Market: Watertown, MA Real Estate Market Statistics by The Madden Team

In an effort to stay “on top of” the real estate market in Watertown, MA we sort through the real estate market statistics for single families, condominiums and multi family homes. We make an effort to share this data with our clients and the internet users, so that we can help educate potential buyers and sellers about the realities in the Watertown, MA real estate market. a weekly basis. If you would like to see a different town featured or sent to you directly, please do not hesitate to contact us at info@themaddenteam.com.

Single Family Homes

The single family home market in Watertown, MA has seen a slight decline in sales price (both average and median) but it right on pace with last year’s numbers in the total number of sales year-to-date. Also, the average number of days on market has stayed flat resting at just over two months of market time for properties that have sold.

Condominium Homes

The average and median prices for sales comparing this year to last year has stayed flat. There has been no real overall change in price, only a few thousand dollars difference which can fluctuate based on one sale. The biggest difference, year-to-date, has been in the overall number of sales. There have been 171 sales in 2012, compared to only 121 sales at this time last year. Amazingly, properties are selling at a much faster clip with the average days on market down 40 days compared to last year.

Multi-Family Homes

Multi-family home sales in Watertown, MA have seem a modest increase in the average sales price and median sales price compared to last year. The inventory and amount of sales year-to-date are down, but that is part of the reason the properties are selling for a higher amount. There is not a lot of inventory so the supply and demand is entirely in the favor of multi-family home sellers. There is a pent of demand for these types of properties with many buyers getting caught in multiple offer situations.

Five Reasons Why the Real Estate market is like Boston Red Sox and their Fans!

So, we don’t know if you’ve noticed but the Red Sox are having an AWFUL month. After last night’s loss to the Baltimore Orioles the Red Sox are tied for the Wild Card lead with the Tampa Bay Rays. We’re not going to write today about why we love/hate the Red Sox because we’re not sportswriters. Instead in reading the news, listening to friends and co-workers and watching plenty of Sportscenter we’ve noticed a very big similarity amongst Red Sox Fans are like the Real Estate market — when times are good no one talks about it, but when times are bad it is THE ONLY TOPIC OF CONVERSATION. There are some similarities between the Red Sox and the real estate market that date back to the first World Series of the decade in 2004. [Read more...]