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122 Dexter Avenue – Watertown MA Real Estate – The Madden Team at CENTURY 21 Commonwealth

Gorgeous colonial in Watertown’s desired East End near shopping, dining and recreational opportunities. This 9 room, 4 bedroom, 1.5 bath is move in ready and waiting for you! Enter into the large foyer which leads to the living room with refinished hardwood floors. The dining room with French doors leads to the u-shaped kitchen with ample cabinet space and countertops. Upstairs find two large bedrooms on the 2nd floor, including a two-room master bedroom. In the hallway, a large tiled bathroom and oversized laundry room make this an ideal living space. Walking up the stairs to the third floor you will find 2 more bedrooms and a fully plumbed 1/2 bath. Fresh paint, newly installed carpet and a great outdoor entertaining space make this the perfect opportunity to call Watertown home! [Read more...]

SOLD for HOPE Donation | The Watertown Boys & Girls Club from The Madden Team at CENTURY 21 Commonwealth

As you know, an integral part of our business is that we donate 10% of our net commission to the nonprofit of out clients’ choice through our SOLD for HOPE Pledge. Real estate agents benefit from the changing community and, we believe, the community should more directly benefit from real estate agents.

Recently we were able to make a donation to a great organization in Watertown as a result of the recent Watertown MA condominium home sale. This past week we were able to finish the donation to The Watertown Boys & Girls Club which does fantastic work with the children of the Watertown community.

WBGC - 71 Brookline Street

The Watertown Boys & Girls Club’s mission is “To inspire and enable all young people, especially those who need us most, to realize their full potential as productive, responsible and caring citizens.” We see them doing this day in and day out. To find out ways to get involved with their mission, please feel free to check out their website for options to volunteer or donate.

This Donation Was Made Possible by the Sale of Our Listing at 71 Brookline Street in Watertown MA with The Watertown Boys & Girls Club Being Our Clients’ Choice of Charity.

71 Brookline Street | Watertown MA

SOLD | 48 Fayette Street | Watertown MA

We are excited to congratulate our sellers on the sale of their property at 48 Fayette Street in Watertown, MA! Congratulations on the sale and thank you for trusting our team!

SOLD by The Madden Team at CENTURY 21 Commonwealth | 48 Fayette Street in Watertown MA

SOLD by The Madden Team at CENTURY 21 Commonwealth | 48 Fayette Street in Watertown MA

Know Your Market | Watertown MA Real Estate Market Statistics | June 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’ll be looking at the year-to-date real estate market statistics for Watertown, Massachusetts. We separate the three distinct segments of the market: single family homes, condominium homes and multi-family homes. Please read below for our analysis of the statistics and what that means for you as either a buyer or seller in this market.

Watertown MA Real Estate Market Statistics | The Madden Team of CENTURY 21 Commonwealth | June 2014In reviewing these statistics for the Watertown MA Real Estate Market there are some obvious great signs but also some hidden intrigue.

Across the board we are seeing appreciation in both average sales prices and median sales prices with condominiums seeing the largest average gain ( + $71,012) and single families seeing the largest median price gains (+ $74,000). In 2014, condominium home sales have been selling on average for 100% of their original list price.

With the average listing price of active multi-families sitting over $230,000 higher than last year at this time, I fear that these prices (in that market sector) will not be able to support themselves for too much longer. Also, the multi-family market is the only market sector where there are currently more active listings (8) than there were at this time last year (3).

Therefore, Watertown MA multi-family homes are worthy of a look but need to be looked at with a discerning eye. If I was a multi-family seller, I would try to list as soon as possible to maximize your selling potential.

Did we mention that rates just hit their lowest point of the year?

Primary Mortgage Market Survey

Know Your Market | Watertown MA Real Estate Market Statistics | May 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’ll be looking at the year-to-date real estate market statistics for Watertown, Massachusetts. We separate the three distinct segments of the market: single family homes, condominium homes and multi-family homes. Please read below for our analysis of the statistics and what that means for you as either a buyer or seller in this market.

In looking at these statistics there are some factors that are obvious to all: Prices Have Appreciated in All the Sectors of the Market!

This is a great news for home sellers looking to maximize the value of their home or recoup some of what they purchased for at the height of the market. This should not deter the buyers out there though either because of the current mortgage rates. While they are not as exciting at the 3.5% we had seen a year ago, we are still seeing fantastic mortgage rates in the mid 4′s currently. Comparing this to the height of the market which for some was around 2006 (so we’ll look at May 2006), we were seeing interest rates of 6.6% which is nearly 2% higher than the current rates which means there is still a lot more affordability in this market than in markets past.


In looking at the historical mortgate rates through Freddie Mac since 1971, we can see that we are still at the low end of the mortgage rate spectrum. While prices have risen, the rates have kept buying an option for so many well-qualified buyers.