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The Historic Edmund Fowle house

by Mike DelRose Team

            

   

22 Chestnut Place - Unit 616

by Mike DelRose Team

Fall 2017 Luxury Home Magazine

by Mike DelRose Team

215 Lake Shore Drive, Wayland, MA

by Mike DelRose Team

Are Offers Binding?

by Mike DelRose Team

Ridiculous Watertown Condominium Closing Rates

by Mike DelRose Team

There's no doubt in anyone's mind the real estate market has been strong. As of now, it's continuing to stay strong as we dive into the Fall market. On our recent listings, we're still seeing multiple offers well over the asking price. How long can Greater Boston keep sustaining an increase in price and demand? That remains to be seen, but what we do know is that corporations like General Electric and Amazon are coming to Boston, and that only continues to fuel growth. Couple the business and population growth with low interest rates and it doesn't allow for downward trends. 

Let's take a look a the year over year closing rate for Watertown, MA condominiums. 

This report shows the percentage of Active Listings that close monthly over a period of 24 months. The Closing Rate is a good indicator of the real estate market’s underlying strength. If the Closing Rate is rising, the demand for real estate is improving. If the Closing Rate is falling, the demand for real estate is declining. If the monthly Closing Rate is above 20%, the market is hot and if it’s below 10%, the market is cold.

It's not a surprise to see an increase in the closing rate from strong to stronger, but the drop in inventory and 20% increase of the rate means things have gotten much more competitive in a very short period of time. While we certainly had a strong Spring market for these condominiums in 2016, the closing rate doubled and in some months trippled in 2017. Watertown condominiums are hot. 

Motivational Monday!

by Mike DelRose Team

36 Salisbury Road, Watertown, MA

by Mike DelRose Team

122 Church Street

by Mike DelRose Team

Known for their asymmetry and ornate period details, the Queen Anne Victorian was made popular by architect Richard Norman Shaw in England during the late 1800’s. Pocket doors, built in window seats, lead & curved glass windows, contrasting colors, and ornate woodwork all add to the charm and character of this 1890 historical home design which patiently await your updates. This home provides convenient access to public transportation, (71 Bus Line, 0.2 Miles, Google Maps) and the restaurants, shops, and municipal buildings of Watertown Square (0.4 Miles, Google Maps).

202 Maplewood Street

by Mike DelRose Team

Early century 2 family with ornate details including fireplaces, lead glass china cabinets, rich moldings etc. There are enclosed porches off the living room and the second floor unit has a finished 3rd floor. The home is located in one of Watertown's most sought after locations and directly abuts the Oakley Country Club. Bus transportation on Mt. Auburn St. is within .4 miles and on Belmont St is within .3 miles. Updates completed in 2003 include Electrical Service, Heating Systems (and asbestos removal), Architectural Shingle Roof, & Replacement Windows. Location, Location, Location!

Displaying blog entries 1-10 of 496

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Mike DelRose Team
RE/MAX Revolution
142 Galen St
Watertown MA 02472
Phone: 617-848-0000
617-923-8355
Fax: 617-926-5166