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.