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.
The market statistics are very telling in Arlington, MA because although the media is reporting a terrible market, it seems as though Arlington has managed to not only survive, but flourish in this "slow market." Inventory is down across the board, seeing the largest differential in Multi-Family homes where the inventory is now 1/3 of what it was last year.
However, the average sales price has gone up in both condominiums and multi-family homes year-to-date and, in fact, the median home value has risen in all three categories. The median home price for single family homes between 2008 and 2007 was $475,000 and $473,000 respectively. Also, condominium home sales has risen in number of transactions, which is another great sign.
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 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 Belmont, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Belmont, MA market statistics weekly on Tuesdays.
As you can see, year to date there have been 110 sold single family homes in Belmont with an average of 83 days on market. The year-to-date median sales price is $698,725, which is slightly up from last year's $697,500 at this time. Last year, year-to-date there were 138 sold single family homes with an average market tim of 102 days.
Belmont, the single family town, does have many multi-family homes and condominiums available to prospective buyers. Currently this year there have been 20 multi-families sold at an average price of $566,578 and 59 condominiums sold at an average price of $452,000. Compared to last year the market has slowed a bit with less sales and lower average sales prices. Last year for condominiums and multi-family homes the average sales prices were $557,418 and $584,422 respectively.
Now would be a great time to get into Belmont at these "discount rates." Many sellers have built up great equity in their home through many years of homeownership, so they are still able to reap the rewards of selling at current market value. If you are interested in learning more about buying opportunities in Belmont or you are interested in a FREE market analysis for your Belmont home, please email me at mark.madden@commonmoves.com
If you are interested in learning about more Market Statistics or would like to be emailed more indepth 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 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.
The columns read from left to right as Single Families, Condomniums and Multi-Families. As you can see there has been depreciation year-to-date in all the single families and multi-families, but we have seen slight appreciation in our condominium market. Although value is down in multi-families, we have actually seen higher volume of sales in this area; the volume is up slightly from last year at this time.
Inventory is down in all categories, by large numbers. This is good for buyers and sellers alike, in my opinion. For buyers this means that there are less sellers "testing the market" out there currently and more serious sellers who are hopefully pricing their properties to sell. For sellers, it's simple, there is less competition which means more buyers looking at your home.
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 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 Brighton, Massachusetts for Single Families, Condominiums and Multi-Families. I will be posting Brighton, MA market statistics weekly on Wednesdays.
As you can see there has been depreciation year-to-date in all the housing categories, but it is not as bad as the media would have you believe. The sharpest decline has been in multi-familes, which has dropped 6% since 2007. However, the multi-families are still selling at about the same pace as last year which can not be said for single families and condominiums.
Inventory is down in all three housing categories with the largest decline being in single family dwellings. If someone is looking to sell, then now may be the time because competition in down and there are buyers still out there looking.
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.
Overview
The Siena Village Condominiums is complex of 59 condominiums in Watertown. Siena Village entrances are on Highland Avenue and Lexington Street. The condominiums were constructed in 1989, so overtime past owners have added their own interior touches which create different price points per unit. For the most part each unit comes with 2 parking spaces, but some units on Angela Lane also have a garage space under the unit.
Units & Pricing
There size of the units depends on whether the basement has been finished,but most units are around 1,300 square feet with 2-3 levels of living space (with finished basement the living area is closer to 1,900 square feet). For the most part, the units have 2 bedrooms and 2.5 baths. The first level has a kitchen, living room, dining room and half bath. The 2nd level typically consists of the Master Bedroom with bath, 2nd bedroom and a 2nd bath. In some units there is a 3rd bedroom on the 3rd floor, which often has cathedral ceilings.
The monthly condominium fee is around $344. The condo fee includes: Master Insurance, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal, Playground, Exercise Room.
Sales History
The number of sales over the last ten years in MLS transactions has ranged from 0 in 1998 to 7 in 2007.
Currently there is 1 condominium for sale at The Siena Village listed at $419,000. Year-to-Date in the Siena Village 3 units have been sold for an average sales price of $392,833 and those condos averaged 105 days on the market. For more information on the current listing of to be notified of any new listings in the Siena Village please email me at mark@smarthomesboston.com
Area
The Village is located only a short walk to the 70 or 70A Bus to Watertown Square and Central 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.
Click Below to see my past Go Inside articles:
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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