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 Update – Jan – Sept 2012
Watertown Real Estate Market Review
Now that we’re 3/4 of the way through 2012 (where did those months go?!) let’s pause to see how the Watertown MA real estate market fared.
The figures for the first three quarters of 2011 are in parentheses for comparison.
On September 30, 2012, 81 residential properties were listed for sale in Watertown. That’s significantly fewer than were on the market one year before when 105 properties were available for sale.
For the market as a whole the median price was down by more than 5%. That’s probably due to a change in mix of properties sold rather than a true reflection of real estate values. Quite a few more condos sold this year than in 2011 which brought down the median price overall. The median price for single families was down slightly, the median barely budged for condos, and actually increased by 5% for multi-families. Properties sold for closer to the asking price in 2012.
Demand outpaced supply for multi-family properties which sold on average in just 42 days versus 91 days in 2011.
Residential Real Estate Sold in Watertown – Jan-Sept 2012 (2011)
- 275 properties sold (240)
- Average days on market = 70 (94)
- Properties sold for an average of 98% of asking price (96%)
- Median price of $360,000 ($380,000)
Watertown Single Family Sales – Jan-Sept 2012 (2011)
- Total sold: 66 (65 )
- Sale prices ranged from $203,000 – $1,063,000 ($240,000 – $1,250,000)
- Median price: $420,500 ($430,000)
- Average days on market: 59 (68)
- On average, houses sold for 97% of asking price (97% )
Watertown Condo Sales – Jan-Sept 2012 (2011)
- Total sold: 168 (120)
- Sale prices ranged from $116,000 – $850,000 ($163,100 – $1,435,000)
- Median price: $326,500 ($326,875)
- Average days on market: 81 (110)
- On average, condos sold for 97% of asking price (96%)
Watertown Multi-Family Sales – Jan-Sept 2012 (2011)
- Total sold: 41 (55)
- Sale prices ranged from $245,000 – $710,000 ($296,000 – $667,500)
- Median price: $528,000 ($497,000)
- Average days on market: 42 (91)
- On average, multi-unit houses sold for 99% of asking price (96% )
Info about the Watertown MA real estate market in 2012 (2011) from MLSpin
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