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 Market – January-October 2011
Watertown MA Real Estate Market Review
Here’s a look at how the Watertown MA real estate market is faring in 2011.
The numbers for the same period in 2010 are in parentheses for comparison.
On October 31, 2011, 114 residential properties were listed for sale in Watertown. That’s a large decrease, more than 26%, from the same time last year when 155 properties were on the market.
For the market as a whole the median price was up by 6%. That wasn’t true of single family houses with a median sale price this year through October of $420,375 compared to $482,500 last year. That may in part be due to a different mix in what was offered for sale. In the first 10 months of last year 27 homes sold for more than $500,000 vs. just 20 this year during the same period.
The mix of properties sold this year in Watertown was quite a bit different than last: fewer condos sold this year while single family house sales were up and considerably more multi-unit houses have sold this year.
Residential Real Estate Sold in Watertown – Jan-Oct 2011 (2010)
- 260 properties sold (247)
- Average days on market = 95 (91)
- Properties sold for an average of 96% of asking price (97%)
- Median price of $380,000 ($357,500)
Watertown Single Family Sales – Jan-Oct 2011 (2010)
- Total sold: 70 (57 )
- Sale prices ranged from $240,000 – $1,250,000 ($135,000 – $879,000)
- Median price: $420,375 ($482,500)
- Average days on market: 73 (66)
- On average, houses sold for 97% of asking price (96% )
Watertown Condo Sales – Jan-Oct 2011 (2010)
- Total sold: 129 (155)
- Sale prices ranged from $163,100 – $1,435,000 ($150,000 – $1,105,000)
- Median price: $325,000 ($320,000)
- Average days on market: 108 (112)
- On average, condos sold for 96% of asking price (96%)
Watertown Multi-Family Sales – Jan-Oct 2011 (2010)
- Total sold: 61 (35)
- Sale prices ranged from $296,000 – $667,500 ($155,000 – $665,000)
- Median price: $497,000 ($490,000)
- Average days on market: 91 (37)
- On average, multi-unit houses sold for 96% of asking price (98% )
Info about the Watertown MA real estate market in 2011 (2010) from MLSpin
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