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...]
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 email@example.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.
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 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.
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...]
Ever wonder what sold in town last month and where could I find that out easily? Well, we’ve decided to answer both of those questions for you! It’s important to know what has recently sold in order to gauge what your property is worth or whether you can afford the type of housing that you are interested in. The following properties were sold through the MLS Property Information Network and may not include all properties, but does include most. [Read more...]
Beautiful corner lot 6 room, 2 bedroom, 1.5 bath colonial with exceptional space and great entertaining backyard. With character and high ceilings, the first floor shines with a large living room, formal dining room, kitchen with plenty of cabinet space, a 1/2 bath and large bonus room! The upstairs features two good size bedrooms that are separated by a full bath. A short distance to the 70 and 70A buses. A beautifully maintained backyard and many updates making this property ready to move in! [Read more...]