Arlington, MA

In an effort to be knowledgebale of our current market, I weekly pull the market statistics in Watertown, Belmont, Arlington, Newton, Waltham, Brighton and Allston. Below are the market statistics in Arlington, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Arlington, MA market statistics weekly on Wednesdays.

This week we have some great statistics for Arlington, MA. The overall inventory is down, with condominiums and multi-families have the largest drop in inventory, nearly by half. This is not a bad thing, as those who are listing their house probably have good motivation and they definitely have less competition. The average days on market for active single families is at 150 days, which is a high number. There may be a few single family homes that are in desperate need of a price adjustment. Multi-Families, however, have an active average market time of only 54 days which is a great number for this category.

Single family homes are selling at 96% of the original list price and in only 49 days on market!

Although the total volume of sales has dropped in single family homes and multi-family homes, condominium home sales have actually seen an increase by 26 homes! We have also seen appreciation in both condominium home sales and multi-family home sales. Single family home sales have only depreciated by -$4,132, which is less than 1% depreciation.

Also, all three housing markets have seen an increase or stabilization in the median home sale prices year-to-date.

If you are interested in learning about more Market Statistics or would like to be emailed these statistics on a weekly basis for a particular town, please email me at mark.madden@commonmoves.com

Please click here to visit the Know Your Market Archives.

In an effort to be knowledgeable of our current market, I weekly pull the market statistics in Watertown, Belmont, Arlington, Newton, Waltham, Brighton and Allston. Below are the market statistics in Arlington, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Arlington, MA market statistics weekly on Wednesdays.

So, I missed last week due to the holidays so let me give you an update between this week and my post two weeks ago. Since two weeks ago, our inventory of available homes has slightly dropped in both Single Family homes and Condominium homes by 9 in each category. Also, the single family homes that are currently available have seen a decrease in average listing price by roughly $3,000.

The inventory for Multi-family homes has risen by 2 and its average list price has increased by a little over $24,000. At the same time, the appreciation which it had seen two weeks ago at $31,275 year-to-date has decreased to $24,595. Please don't get me wrong, $24,595 in appreciation is a great thing anywhere!

The depreciation in single family home sales has been decreased nearly by half, down from -$8,072 two weeks ago down to $4,500 today. This is great to see, since single family homes added 10 more sales in the past two weeks. Hopefully soon, all three housing categories will be appreciating.

If you are interested in learning about more Market Statistics or would like to be emailed these statistics on a weekly basis for a particular town, please email me at mark.madden@commonmoves.com

Please click here to visit the Know Your Market Archives.

Click below to learn more about the Toys for Tots campaign!

The number of condominiums sold in Arlington, MA during the month of October decreased from 14 sold (2007) to 11 homes sold in 2008.

The average selling price increased from $338,118 in 2007 to $369,273 in 2008.

The average DOM (Days on Market) decreased significantly to 52 days from 82 in 2007.

In an effort to be knowledgeable of our current market, I weekly pull the market statistics in Watertown, Belmont, Arlington, Newton, Waltham, Brighton and Allston. Below are the market statistics in Arlington, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Arlington, MA market statistics weekly on Wednesdays.

We are not in a depressed market, as is evident in the town of Arlington. There has been a decrease in the average list price for Multi-Family homes in Arlington, from $528,828 last week to $485,633 this week. That's a total of $43,195 in list price difference. This is a great market to be an investor or to "buy in" low.

Also, we've had a few sales in each category since last week, which is a great indication that the market has still been plugging away in Arlington, which is evident by the Overall Appreciation/Depreciation section of the chart. The Depreciation gap has shrunk by $1,643, while the Appreciation levels of Condominiums and Multi-Family homes has remained!

Many buyers are concerned about buying now, for fear or prices dropping even more in the next year. The prices very well could drop next year by another 5%, but interest rates could also rise next year by the same percentage. It is important to work with a competent buyers agent in these times. For instance, I could help to decrease your interest rate by either .25% or .5% right now, wouldn't that be nice? To learn more click on my email below and we can chat about how you can save big on monthly payments with you next home purchase.

If you are interested in learning about more Market Statistics or would like to be emailed these statistics on a weekly basis for a particular town, please email me at mark.madden@commonmoves.com

Please click here to visit the Know Your Market Archives.

The number of single family homes sold in Arlington, MA during the month of October decreased from 19 sold (2007) to 14 homes sold in 2008.

The average selling price also decreased from $521,337 in 2007 to $473,911 in 2008.

The average DOM (Days on Market) dropped significantly to 49.5 days from 60 in 2007.