Centers And Squares
Welcome to Centers and Squares
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 MA Real Estate Review – 2010
It’s always interesting at the end of the year to take stock and see how the real estate market did this year compared to previous years. Here’s the Watertown MA real estate review for 2010 followed by the real estate sales numbers in Watertown for December 2010.
Numbers of properties sold in Watertown dipped yet again this year by about 10%. Median prices however did not fall. Condo prices essentially stayed flat while the median price of houses rose by 13.5% and by 10% for multi-families. It was a slower market for condos – on average condos took four months to sell. Multi-unit houses, on the other hand, sold briskly and were on the market just 40 days on average.
Total residential properties sold in Watertown:
Welcome to the Watertown Real Estate Market Review
Numbers in parentheses show the change from the year before
- In 2010: 290 (-9.6%)
- In 2009: 321 (-12.3%)
- In 2008: 366
Average days on market:
- 2010: 96
- 2009: 82
- 2008: 89
Total value of real estate sales:
- 2010: $113,451,149 (-7.16%)
- 2009: $122,196,592 (-17.34%)
- 2008: $147,822,196
Properties sold for:
- 2010: 96% of asking price on average. The median price was $355,000 (-3.54%)
- 2009: 96% of asking price on average. The median price was $368,000 (-1.61%)
- 2008: 96% of asking price on average. The median price was $374,000
Watertown Single Family Sales
- 2010: 71 (-10.13%)
- 2009: 79 (+5.34%)
- 2008: 75
Price range for single family homes:
- 2010: $135,000 to $879,000
- 2009: $260,000 to $967,500
- 2008: $280,000 to $1,577,000
Median price of single family houses sold:
- 2010: $471,000 (+13.50%)
- 2009: $415,000 (-1.00%)
- 2008: $419,000
Watertown single families:
- In 2010: average days on market was 66. Houses sold for 96% of the asking price.
- In 2009: average days on market was 61. Houses sold for 95% of the asking price.
- In 2008: average days on market was 82. Houses sold for 96% of the asking price.
Watertown Condo Sales
- 2010: 179 (-10.06%)
- 2009: 199 (-13.86%)
- 2008: 231
Price range for condos:
- 2010: $147,800 to $1,105,000
- 2009: $150,000 to $781,000
- 2008: $182,000 to $1,060,600
Median price of condos sold:
- 2010: $321,000 (-00.32%)
- 2009: $322,000 (-6.67%)
- 2008: $345,000
On average, Watertown condominiums:
- In 2010: average days on market was 121. Condos sold for 96% of list price.
- In 2009: average days on market was 91. Condos sold for 97% of list price
- In 2008: average days on market was 84, Condos sold for 97% of list price
Watertown Multi-Family Sales
- 2010: 40 (-6.98%)
- 2009: 43 (-28%)
- 2008: 60
Price range for multi-family properties:
- 2010: $155,000 to $665,000
- 2009: $310,000 to $723,000
- 2008: $335,000 to $2,400,000
Median price of multi-family houses sold:
- 2010: $487,500 (+9.56%)
- 2009: $445,000 (-6.8%)
- 2008: $477,500
On average, Watertown multi-families:
- In 2010: were on the market 40 days and sold for 98% of list price.
- In 2009: were on the market 75 days and sold for 96% of list price
- In 2008: were on the market 120 days and sold for 93% of list price
And here are the final monthly stats for Watertown in 2010 with the December sales info.
Watertown MA Real Estate On the Market
90 residential properties in Watertown were listed for sale in the MLS on December 31, 2010 priced between $169,900 and $965,000.
That’s a huge drop in inventory from just one month before when 161 homes were listed for sale. Relatively few properties are listed between Thanksgiving and the end of the year. Inventory doesn’t grow but is instead reduced by sales and by sellers withdrawing their homes from the market.
Watertown MA Real Estate Sold in December 2010
Total value of properties sold in the Watertown MA real estate market in December 2010 was $8,643,100
See Also:
Watertown MA Home Sales in November 2010
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