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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

 

Know Your Market: Watertown MA Real Estate Market Statistics – December 2013

In an effort to stay “on top of” the real estate market in Watertown, MA we weekly pull market statistics for single families, condominiums and multi-family homes. We make an effort to share this information with our clients and followers of our Facebook, Twitter and Blog.  We do this so that we can help educate potential buyers and sellers about the real estate realities in the Watertown, MA real estate market on a monthly basis. These statistics were compiled using the MLS Property Information Network, Inc on December 2, 2013.

Real Estate Market Statistics for Watertown MA provided by The Madden Team of CENTURY 21 Commonwealth

Real Estate Market Statistics for Watertown MA provided by The Madden Team of CENTURY 21 Commonwealth

 

SINGLE FAMILY HOMES

The single family home market has seen great increases in comparison to last year when it comes to sales price. On a whole, look at the market year-to-date, we have seen an overall appreciation of $63,308 as compared to the same time period in 2012. Similarly, in looking at median sales prices, we are “up” $58,500. We have also seen an increase in the number of single family homes sales in Watertown MA this year with an increase of 13 homes compared to last year at this time. The only area where we are running slightly behind last year is in total number of active listings on the market. We are down two listings compared to last year at this time, but those numbers are relatively steady.

CONDOMINIUM HOMES

The condominium market is similar to the single family home market in Watertown MA. We have seen great appreciation in the amount of $45,061 using average sales price and $38,375 using the median sales prices. These are great numbers and a great opportunity for owners of homes to see what equity they now have in their home. We have seen a strong increase in the overall number of sales going from 193 at this time last year to 240 sales currently this year. This is an increase of 47 homes which is a very strong increase. Similarly to the single family homes, our active listing inventory is down 8 homes compared to last year at this time.

MULTI-FAMILY HOMES

The trends stay strong all the way through the multi-family housing market in Watertown MA. Comparing our year-to-date in 2013 to the same time period of 2012 we are up $68,210 when using the average sales prices and we are up $42,250 when using the median sales prices. We have seen a slight increase in the total number of sales year-to-date as we are up 9 sales compared to 2012. We currently only have 2 multi-families on the market, compared to 6 at this time last year.

OUTLOOK

There seems to be a running thread throughout the three market sectors; we have had great success in increasing the number of sales and seen great appreciation compared to last year but we need more listings to help home owners take advantage of these increases. In total, there are 32 active listings across all three sectors of the market compared to 46 at this time last year. The winter is a great time to sell a home as there is less competition and buyers are still very active trying to take advantage of the low interest rates before the begin to rise.

For more information on the Watertown MA real estate market or to receive updates on a weekly basis by mail please contact our team at info@themaddenteam.com or call us directly at 617-744-9195.

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