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As a Cambridge real estate agent, the city squares of Cambridge, Somerville and Medford and the town centers of Arlington, Watertown and Belmont, Massachusetts are my home turf. And as a lifelong New Englander who’s lived within twenty miles of Boston most of my life, I can introduce you to other nearby towns as we search for your new home. If you’re planning to sell your home in Cambridge, MA or nearby you’ll find plenty of info about the home selling process here too. Questions? Send me an email or call me at 617-504-1737.

Watertown Real Estate Market in May 2009

Watertown MassachusettsBefore we get too far into June let’s take a look at the Watertown real estate market in May 2009.  The spring market is in full swing.  Sales that closed in May reflect properties for which sellers accepted offers in April or perhaps March since real estate sales in Massachusetts typically take six to eight weeks to close. 

Real Estate on the Market in Watertown MA

132 houses were listed for sale in Watertown on May 31, 2009.   The lowest priced property was listed for $199,000, the most expensive house for sale had an asking price of $1,395,000. Average days on market was 106. 

Watertown Real Estate Sales in May 2009

26 residential properties sold (closed) in Watertown in May with an average sales price of $429,122.  That’s an increase in activity of almost 25% over April when 21 sales closed.  The median sales price in May was $408,250. Average days on market was 112.
7 Watertown single family homes sold in May.  The lowest priced single family sale was $360,000.  The most expensive Watertown single family sold in May for$967,500.  The median price was $430,000.  Watertown single family homes sold for an average of 95% of asking price.  Average days on market was 106.
16 Watertown condominiums sold in May. The lowest price paid for a Watertown condo in May was $150,000 and the highest price paid was $512,000.  The median condominium sales price was $371,000.  Condos sold for an average of 97% of the list price.  The average days on market was 131.
3 multi-family properties sold in May for prices from $415,000 to $590,000.  The multi-family houses sold for an average of 97% of the asking price.  The average days on market was 25. 

Total Watertown residential real estate sales volume closed in May was $$11,157,167

 See also:
Watertown Real Estate Market – January 2009
Watertown Real Estate Market – February 2009
Watertown Real Estate Market – March 2009
Watertown Real Estate Market – April 2009




Information about the Watertown Real Estate Market in May 2009 from MLSpin.

Categories: Real Estate Market Info

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