In an effort to stay "on top of" the real estate market in Watertown, MA we weekly pull market statistics for single families, condominiums and multi family homes. We make an effort to share this data with our clients and the internet users, so that we can help educate potential buyers and sellers about the realities in the Watertown, MA real estate market.

SINGLE FAMILY HOMES
Year-to-date single family home sales in Watertown, MA have been pretty steady in comparison to last year. The number of active listings, number of sales year-to-date, average sale price and median sale price are all basically unchanged. This year we are averaging slighly better days on market averages for sold homes. This tells us that sellers are pricing their homes to sell and therefore they are selling faster.
CONDOMINIUM HOMES
The condominium home market has seen a -$23,668 depreciation year-to-date with fewer sales this year as well. With the first time home buyer tax credit being extended, we still feel as though it is a great time to list your condominium homes because through the end of April buyer will attempting to getting an offer accepted in order to be eligible to receive the $8,000 incentive. This will hopefully help the market catch up to the 2008 standards.
MULTI FAMILY HOMES
The multi-family homes market in Watertown, MA has also depreciated year-to-date in comparison to 2008 by -$35,796. There have been 17 fewer sales year-to-date in this category as well. With a substantially lower average sales price, now may be the time for investors to find some great rental income property or to eventually use as a condo conversion.
For more information on the Watertown, MA real estate market or to receive this updates weekly by mail, please contact Mark at mark@themaddenteam.com or call Mark directly at 617.448.9481.
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Overview
The 125 Trapelo Condominiums is a 41 unit complex located in Cushing Square in Belmont, MA. The building, which was built in 1963, is located on Trapelo Road. Of the 41 units, only 2 bedroom units will come with 1 deeded parking space.

Units & Pricing
Currently there are 5 units available through CENTURY 21 Commonwealth at 125 Trapelo Road in Belmont, MA. The condos start at $179,900 for a renovated 1st floor 1 bedroom condo and go up from there. The condos are either being sold as-is or with a roughly $25,000 upgrade package to look similar to the model unit (pictured below).
For more information on pricing, please email either Mark or John.

The monthly condominum fee will vary based on the size of the condo ranging from $290 to $397. That condo fee includes: Heat, Hot Water, Water, Sewer, Master Insurance, Laundry Facilities, Elevator, Exterior Maintenance, Landscaping and Snow Removal

Area
The 125 Trapelo Condominiums are across the street from the 73 bus stop into Harvard Square or a longer walk to the Waverley Square Commuter Rail. In Cushing Square there are numerous eating options: Savino's, Kitchen on Common, Vicki Lee's, Brother's Pizza and more. There is a Starbucks and a Spirited Gourmet wine, beer and liquor store as well.

Click Below to see my other Go Inside Articles:
Bank of Canton - www.bankofcanton.com
BankFive - www.bankfive.com
Bristol County Savings Bank - www.bristolcountysavings.com
Cape Cod Five - capecodfive.mortgagewebcenter.com
Eastern Bank - www.easternbank.com
Fidelity Cooperative Bank - www.fidelitybankonline.com
First Easter Mortgage Corp - firsteastern.mortgagewebcenter.com
Greater Springfield Credit Union - www.grscu.org
Greenfield Co-Operative Bank - www.greenfieldcoopbank.com
Hampden Bank - www.hampdenbank.com
Legacy Banks - www.legacy-banks.com
Metro Credit Union - www.metrocu.com
Mortgage Financial, Inc - www.mfsinc.com
NE Moves Mortgage Corp - www.newenglandmoves.com
Polish National Credit Union - www.pncu.com
Rockland Trust Company - www.rocklandtrust.com
Salem Five Mortgage Company - www.salemfive.com
Saugus Bank - www.saugusbank.com
St. Anne's Credit Union - www.stannes.com
Winter Hill Bank, FSB - www.winterhillbank.com
Like any other program, there are restrictions involved with receiving this type of a loan package because it will be financed through MassHousing. There are income restritions and eligibilty restrictions for the program. Please click this link to see these guidelines on the MassHousing website.
Require lenders to show how the consumer's APR compares to the average rate offered to borrowers with excellent credit
Require lenders to provide final Truth in Lending Act disclosures at least three business days before loan closing

These changes will help the consumer to better understand every detail of their financing, while protecting them from the "at the closing table" increase in rates. The second bullet point is great, "Require lenders to show how the consumer's APR compares to the average rate offered to borrowers with excellent credit" because many consumers do not know how much poor credit affects their chances of securing low interest rates in their home purchase. There are many step one can do to increase their credit rating (and no, it does not take too long either).
In conclusion, these changes to the Truth in Lending Act should help consumers to set aside their fears of entering the mortgage world, because disclosures and transparency are becoming the name of the game.
FIREWORK DISPLAYS
July 3rdGloucester: 9:30 PM at The Harbor
Hingham: around 9 PM
Lexington: After Sundown at Center Playground,
Manchester-by-the-Sea: 8:30 PM at Singing Beach
Milford: 9 PM at Plains Park
Needham: Dark at Memorial Field
Orleans: Dusk at Rock Harbor
Sharon: 9:15 PM at Memorial Park Beach
Walpole: 9:00 PM at the field behind town hall
Weymouth: 9:30 PM on the waterfront
July 4th
Acton: 10:00 PM at NARA park
Barnstable: Dusk at Lewis Bay
Bellingham: 9:30 PM at the Football field
Beverly Farms: 9:00 PM at West Beach
Boston: 10:30 PM on the Esplanade
Falmouth: Dusk at the harbor
Marblehead: 9:00 PM at the harbor
Martha’s Vineyard: 9 PM in Edgartown
Nantucket: 9:00 PM off Jetties Beach
Newton: 9 PM at the Halloran Field and Sports Complex
Old Sturbridge Village: Dusk
Plymouth: 9:00 PM on the waterfront
Salem: 9:15 Pm at Derby Wharf
Wakefield: Dusk at North Avenue
Waltham: 9:30 PM at Leary Field
Wilmington:
Dusk on the common
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