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.
I was lucky enough to assist a buyer in the purchase of a great condominium unit at Commonwealth Park in Brighton, Massachusetts. The unit was a 4 room, 2 bedroom, 1 bath with a private patio and 1 car deeded parking.
This is a great complex and there are other opportunities in the building. If you are interested please contact me at 617.448.9481 or email me at mark@smarthomesboston.com
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 Watertown, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Watertown, MA market statistics weekly on Mondays.
This week, we saw a minor drop in listing inventory for both single family homes and condominium homes. The single family homes and multi-family homes have seen a slight decrease in average list price, which is great for buyers in the area. However, condominium homes have seen a slight increase in their average list price, which does not seem to make sense as we enter the deep winter months.
Average market time for the active listings in Watertown has dropped down to 69 days from 81 days. This means that homes are staying on the market shorter now, which is a great sign of good things to come.
There have been 2 more condominium closings since last week, bringing the year-to-date total to 226 sales. This is a small number in comparison to last year when there were 296 sales, a difference of 70 sales.
The depreciaton in single family home sales has decreased, while condominium home sales' appreciation has double since last week. Lastly, multi-family homes have seen a contnued depreciation with an increase in depreciation by more than $5,000.
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.
Please click below to learn how you can help in our Toys for Tots collection campaign!
In an effort to be knowledgeable of our current market, I weekly pull the market statistics in Watertown, Belmont, Arlington, Newton, Waltham, and Brighton. Below are the market statistics in Brighton, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Brighton, MA market statistics weekly on Wednesdays.
[Note: I have changed a few things to the statistics layout, due to requests. I have added the Median Sales Prices from 2008 and 2007 to the chart, along with the overall appreciation or depreciation between the two. In addition, I have changed the "shading" of blocks to reflect positive change (yellow) and negative change (light red). These changes will hopefully help to better read the chart and follow my comments.]
My last Brighton Market Statistics update was on November 19th, so we have seen some changes to the market in the past couple of weeks. There are a lot of yellow square on my chart, which is a great sign of things to come in Brighton Real Estate. Firstly, all inventory is down from two weeks ago which creates less competition for sellers out there. Another positive is that, with the decrease in inventory we have also seen a decrease in average list price in EVERY housing category. Also, in single family homes we have seen a decrease in the average market time.
There has been an increase in sales across the board as well, with condominium home sales making a jump of 9 sales in the past two weeks (including 1409 Commonwealth Avenue, a recent Smart Sale). The average days on market for SOLD listings has either decreased or remained constant in every category.
The depreciation of single family home sales and multi-family home sales (in average sales price) has become smaller. The single families' average sales price depreciation has increased by $9,762. There was a slight increase in condominium home sales' depreciation but nothing to be worried about due to the increase in overall sales.
For median sales prices, all three categories have witnessed a slight decrease in median sales price, creating depreciation in all three categories. The median sales price for 2008 condominiums (as well as average sales price) does include two separate parking spaces sales that made their way onto the MLS. This is why it is important to have an agent who does not only KNOW their market statistics, but also studies them.
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.
I've recently been doing some webpage tweaking and am excited to share what's new at The Smart Homes Boston Homepage. Click the image below to look at all that we have to offer at Century 21 Commonwealth and Smart Homes Boston. I am excited about helping many of you in 2009 with your home purchases and sales.
Never hesitate to call me or email me at mark@smarthomesboston.com with any questions, comments, or blog post ideas!!
I look forward to hearing from you all soon. Have a Happy Holiday Season and a Wonderful New Year!
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."
-----------------------------------------------------------------------------------------------------------------------------------------
"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."
-----------------------------------------------------------------------------------------------------------------------------------------
"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."
-----------------------------------------------------------------------------------------------------------------------------------------
"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."
-----------------------------------------------------------------------------------------------------------------------------------------
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
