Due to many requests, I wanted to update my readers on the current market as it pertains to The Village Condominiums in Watertown, Massachusetts.
As you know from my previous post on The Village Condominiums, I have been tracking the sales history for the last 10 years in order to gain as much knowledge on the complex as possible. This year the numbers are down slightly in total number of sales and the units are averaging a lower sales prices.
As you can see, there have been seven units that have sold at The Village Condominiums this year, but that does not mean that they were the only properties on the market. Currently there are zero units Under Agreement, meaning that an offer has been accepted and it is pending a close.
Also, year-to-date there has been 1 unit that have gone on the market and have expired at The Village Condominiums. Expired listings happen for a variety of reasons and I have strong opinions on expired listings.
Currently there are six units at The Village that are for sale. If you are interested in potentially purchasing a unit in this complex please contact me at 617-448-9481 or email me at mark@smarthomesboston.com because due to my research on this complex I know a lot about these units and we at Century 21 Commonwealth ave sold 3 out of the last 5 units in this complex.
For more information on other Watertown Condominium Complexes please visit my Go Inside Archives.
Due to many requests, I wanted to update my readers on the current market as it pertains to The Chatham Condominiums in Watertown, Massachusetts.
As you know from my previous post on The Chatham Condominiums, I have been tracking the sales history for the last 10 years in order to gain as much knowledge on the complex as possible. This year the numbers are down slightly in number of sales and the units are averaging a lower sales price.
As you can see, there has only been one unit that has sold at The Chatham Condominiums this year, but that does not mean that it was the only property on the market. Currently there is 1 other unit that is Under Agreement, meaning that an offer has been accepted and it is pending a close.
Also, year-to-date there have been 4 Chatham Condominium units that have gone on the market and have expired. Expired listings happen for a variety of reasons and I have strong opinions on expired listings.
Currently there are no units at The Chatham Condominiums that are for sale. However, if you are interested in potentially purchasing a unit in this complex please contact me at 617-448-9481 or email me at mark@smarthomesboston.com because due to my research on this complex I know which units are interested in selling currently.
For more information on other Watertown Condominium Complexes please visit my Go Inside Archives.
The other night Watertown's Safe Routes to School program was mentioned on the nationally aired NBC's Nightly News. Just about halfway through the video, which mostly talks about Somerville, New Jersey's program, Watertown is mentioned as another community taking the initiative to get children outside and walking to school under adult supervision.
Watertown's program has its own page on the Watertown Bicycle and Pedestrian Committee and describes the purpose of the program as being:
"Safe Routes to School is a program designed to improve the safety and health of our school children by promoting walking to school. Because children develop lifelong habits at an early age, encouraging them to walk more in the elementary years can help to establish behaviors that will lead to more active lifestyles."
Please take the time to view this video and read about the program. It is important not only for our town's children but also for our environment as it could help to decrease the number of necessary busses.
In the September 7, 2008 issue of The Boston Globe Magazine, Elizabeth Gehrman wrote an article titled "Bidding Wars? Quick Sales? It's Happening!" which discussed the fact that the media is not reporting the cases, right here in Massachusetts, of sales happening fast and for top dollar. I wanted to touch on a few quotes from the article that help to explain how location is everything when it comes to listing a home and buying a home.
"In Cambridge, there's a constant demand for the supply because of high turnover. People are often on their way to somewhere else; they've finished school, finished their residency, or are leaving for a better job, and someone else will always come in to take their place."
This is commonality between the cities surrounding Boston and what I have been preaching for the past 2 years. Watertown, Arlington, Cambridge, etc have great towns, communities, schools and more but it is there proximity to Boston that have created a constant demand for the supply of homes. People are continuously receiving jobs in different parts of the state, region, country or world. Boston is a Hub (in my opinion, The Hub) and will always be in high demand. The number of sales is down in these surrounding towns, but the Average Median Sales Price has not been severely affected. The "Sales Review by Town", produced by The Warren Group, comparing sales across Greater Boston from July 2007 to July 2008 tells that exact statistic. It is quite an important part of real estate to continuously educate your closest clients, friends and family members as to the truth behind the media reports.
WATERTOWN
ARLINGTON
CAMBRIDGE
Please take a moment to read the article above. Boston is a great city and it's surrounding towns are a great place to buy, sell and rent property. If you or someone you know is interested in buying, selling or renting real estate I'd love to follow-up with them and take great care of them for you.
The other night I stopped in at The Comfort Restaurant and Bar located at 5 Spring Street in Watertown. The restaurant is a special place tucked away from the main street, so it is little known to the passerby. It is located on the 2nd floor of the building above the restaurant Molana.
I decided to stop in, after meaning to do so for quite some time. I was impressed from my first glance at the restaurant. It is well laid out with an upper level of tables for restaurant eating and then a lower level with a bar and a few tables as well. The bar itself probably seats 10 or so patrons and their beer, wine and specialty drink menu leaves nothing to be desired.
I had read about the 3 Cheese Mac & Cheese online, but figured that I would check out the menu before deciding what to order. The owner, however, was sitting next to me at the bar eating the 3 Cheese Mac & Cheese which had me sold. Thank goodness I made that selection. It was absolutely delicious.
So the food was delicious and the drink choice was plenty. The best part of the restaurant though may be its staff. That night there was only 2 people working the front of house, the Owner Andrew and Bartender/Server Beth. Both Andrew and Beth were extremely personable and made an effort to make sure that everyone in the restaurant was enjoying the meals. I was extremely impressed with this "small hole in the wall" restaurant which should begin to grow as word spreads about its food and atmosphere.
The restaurant hosts live bands on most Friday and Saturday nights, which is an added plus. On their website, eatcomfortfood.com, they have a few upcoming events as well as their menus. I would highly recommend visiting this restaurant before it becomes a big hit. The prices aren't too expensive and the food, from what I ate, seems worth it.
I look forward to hearing how much everyone enjoyed their visit to The Comfort Restaurant and Bar.
Check out my other Your Realtor® Eats posts.
The Madden Team focuses on helping buyers and sellers create seamless transitions in their real estate transactions by saving them two important commodities: Time and Money.
WELCOME and thanks for checking out our blog, and wanting to know a little more about The Madden Team!
We love what we do, and that is helping buyers and sellers in Eastern Massachusetts create seamless transitions in their real estate endeavors. We have been at CENTURY 21 Commonwealth since 2006 and having over 75 years in Watertown combined has allowed us to become knowledgeable about it's nooks and crannies and surrounding towns.
Mark was born and raised in Watertown where he attended Watertown Public Schools. Mark attended Hobart and William Smith Colleges in Geneva, NY where he graduated Cum Laude with a double major in Architecture and Art History. The combination of his upbringing and his education has given him a level of honesty, integrity, knowledge and compassion that he possess with every one of his clients.
In an effort to continually improve our service to our clients we attend educational seminars on a range of topics. As a member of the National Association of Realtors, which means that I subscribe to the strict Code of Ethics in all my real estate transactions.
We are affiliated with CENTURY 21 Commonwealth and hold an active license for the entire state of Massachusetts, which helps us to serve our clients wherever they may be, but also keeping them informed of any real estate opportunities that arise statewide.
Our office is easy to get to off Exit 17 on the Mass Pike. We are located at 161 Mount Auburn Street in Watertown, MA. Please call for directions at 617-926-5280 or contact me Mark via email at mark.madden@commonmoves.com.
"Hi Mark,
I just wanted to send you a note thanking you for all your help with my recent real estate purchase. You were very helpful in making the whole process as quick, easy, and painless as possible. As a first time home buyer I did not know what to expect. I appreciate the fact that you were open to any questions I had and I felt comfortable asking them. Your knowledge of the area was looking at was excellent (Cambridge, Somerville, Arlington, and Watertown). Having only lived in the area for a few years, I was glad you were able to point out benefits of each location such as restaurants, T access, etc. These things were very important to me when considering what property to purchase. I also appreciate you always getting back to me in a timely matter via email or phone and being on time and organized for all my tours. Overall, a great experience. I love my new place and fel confident it was a great investment. I will keep you at the top of my list for any of my future real estate needs.
-Mike U."
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"Dear Mark:
It was a pleasure working with you in purchasing my first home. You spect countless hours researching areas and homes that were acceptable to our needs and desires. Your professionalism and support during this time was essential in keeping our apprehensions at bay. It was nice to see somebody like yourself so interested in making sure that we found the perfect house for us. Even though we were not the easiest of buyers to accomodate, you made every viewing and request that we had seem effortless.
-Kevin P."
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"Dear Mark,
Kind sincere, honest, industrious, communicative, accessible, patient... words that describe you, Mark Madden, as well as a good realtor. Last but not least, you also have a great sense of humor and are relaxed enough to crack a joke to help your client feel comfortable and smile. You helped me to have fun during a stressful process; having fun is important to me.
-Janna K."
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"Dear Mark:
It gives me pleasure to write you this letter of thanks and commendation for the hard work and high level of sophistication you showed in representing me during 2007 in the sale of my property at 8 Avon Road in Watertown.
I originally chose you to represent me because I was impressed with your effort to win me as a client. Once I signed on with your office, I was consistently impressed with your tenacity and attention to detail. As we both know, 2007 was a tough time to put a house on the market and sell it at a good price. You made every effort to navigate a slow and difficult market.
From my perspective, everything about the sale of the house went smoothly. From the time I signed on with your office through the closing, you gave me good advice and took care of details that would have taken me much time to accomplish. Throughout the months you worked on my behalf you were consistently good-humored, which I greatly appreciated.
I know you will be a great success in your profession.
-Phil R."
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