Watertown, MA

The Village Condominiums is complex of 308 condominiums in Watertown. The Village is bound by Lexington Street, Belmont Street and Duff Street, including Pierce Road and Grant Avenue. The condominiums were constructed in 1940, so overtime they have all added their own interior touches. For the most part each unit comes with 1 deeded parking space.

Units & Pricing

There are a range of units size and layouts,but most units are around 1,300 square feet with 2-3 levels of living space (depending on a finished basement). For the most part, the units have 2 bedrooms and 1 bath on the 2nd level. The first level has a kitchen and open living room/dining room combination. I have included the most recent sales prices in the complex.

The monthly condominium fees are around $250. The condo fee includes: Water, Sewer, Master Insurance, Swimming Pool, Exterior Maintenance, Landscaping, Snow Removal, Clubroom, Refuse Removal.

As you can see by the condominium fee, the complex has its own swimming pool and club house which can be rented out for big gatherings. The grounds of The Village are very well maintained.

Sales History

The average sales price over the last five years has ranged from $275,700 in 2003 to $317,712 in 2005.

• 2003 - Average Sales Price: $275,700 (15 units sold) with an Average Market Time of 65 days
• 2004 - Average Sales Price: $310,060 (20 units sold) with an Average Market Time of 25 days
• 2005 - Average Sales Price: $317,712 (28 units sold) with an Average Market Time of 31 days
• 2006 - Average Sales Price: $302,524 (21 units sold) with an Average Market Time of 64 days
• 2007 - Average Sales Price: $299,939 (22 units sold) with an Average Market Time of 68 days
• 2008 – Average Sales Price: $286,714 (7 units sold) with an Average Market Time of 95 days

Currently there are 4 condominiums for sale at The Village ranging in price from $279,900 to $319,900.

Thus far in 2009 16 units have sold at The Village. The average list price was $289,025 and they sold for an average of $280,031.25. For more information on current listings at The Village Condominiums or to be updated when new listings come on the market please email Mark at mark@themaddenteam.com or call him directly at 617.448.9481.

Area

The Village is located only a short walk to the Waverley Square commuter rail into Boston or the 73 Bus to Harvard Square. These condominiums are great for the commuters as they get you away from the city but allow for a single family feel on a condominium budget.

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Go Inside Archive

Updated on November 12, 2009

In an effort to be knowledgebale of our current market, I weekly pull the market statistics in Watertown, Belmont, Arlington, Newton, Waltham and Brighton. Below are the market statistics in Watertown, MA. I will, typically, be posting the statistics for Watertown on Mondays.

Lets start with Single Family Homes! The average days on market for single family homes has dropped from 110 days at this time last year to 72 days on market for homes that have sold. That is a great sign that there is buyer activity out there and that the low inventory and low prices are driving quicker sales.

WHO CAN SELL IN A DOWN MARKET? It's Perspective Time:

Now, let's tackle the condominium market. We have buyer activity out there because there has been 18 condominium home sales this year and there are 14 more condominiums that are currently Under Agreement. Average sales prices are down, so those who were waiting for prices to drop may be coming off the fence and ready to take advantage of the low interest rates.

What if I bought in 2000? Would it be safe for me to sell now and not lose money? Lets get some perspective.

Oh the multi family homes market, it seems so bad when you look at the numbers. Average sales price are down -$213,955 since last year at this time. There have been 4 sales as compared to 7 last year. There is lower inventory of 14 active properties on the market compared to 26 last year.

Is there good news? Wait... how can the median sales price be $490,000 compared to last year's $445,000. I am confused.

For more information on my business please click the logo below or email me at mark@smarthomesboston.com. This is the first installment of the video series, so anything you are interested in having me discuss then please email me or call me at 617.448.9481.

The location at Hamilton Place can't be beat! Located 3 blocks from Watertown Square, close to the MA Pike, and all major routes, convenient to the shops and restaurants of Watertown Square, the bike path, Express Bus to Boston and the trolley to Harvard Square.

Unit 1: List Price: $219,000, Bedrooms: 1 Bathrooms 1, Living Area: 700 sq. ft, Assc. Fee: $260.17

Unit 2: List Price: $289,900, Bedrooms: 2 Bathrooms 1, Living Area: 940 sq. ft, Assc. Fee: $334.50

If you would like more information about these condominiums or if you or someone you know is looking for real estate in this area, please contact Dan Tucci your Watertown, Massachusetts REALTOR®.

Daniel Tucci

(617) 816-7603