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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. 

Start of the Fall Market

by Mike DelRose Team

Beautiful Penthouse In Watertown

by Mike DelRose Team

Mike Jr. Talks about Newtown at Gateway Condominiums

by Mike DelRose Jr.

3D Virtual Tour: 121 Lexington Street, Watertown, MA 02472

by Mike DelRose Team

New Listing: 104 Summer Street, Watertown, MA 02472

by Mike DelRose Team

Edamame Steak House & Fine Asian Cuisine

by Mike DelRose Jr.

I wanted to take a moment and share with you one of my favorite local eateries as Greater Boston is not short on awesome restaurants. I'm not much of a critic, I'm very easy to please, but this restuarant is up there on my frequent flyer destinations.

Edamame Steak House & Fine Asian Cuisine has a little something for everyone. The venue is conveniently located right outside Newtonville at 171 Watertown Street, Watertown, MA 02472  in the same plaza as Stop & Shop, Watertown Savings Bank, CVS, and Papa Gino's so there is plenty of parking is which always a plus. 


I originally tried Edamame for the Hibachi Experience. If you have never been, it is a live-action cooking show that's both entertaining as well as delcious. You eat as the next portion of the meal is being cooked and the Chefs are as much of a performer as they are a cook.

Alternatively, Edamame is great for Sushi. It's fresh, made to order, and just as good. Whether you are looking for a night out with friends or a quick fix, make sure you stop in. 

(Above: Hibachi Menu at Edamame. Below: A Sample From The Shushi Menu)

Tough Lessons!

by Mike DelRose Team

    Monday Morning Coffee

INSPIRATION FOR TODAY:
 
"Far better it is to dare mighty things, to win glorious triumphs even though checkered by failure, than to rank with those poor spirits who neither enjoy nor suffer much because they live in the gray twilight that knows neither victory nor defeat."
 
- Theodore Roosevelt
 
TOUGH LESSONS!
 
In an old "Peanuts" cartoon, Sally is making a list while Charlie Brown looks on. Sally says, "I'm making a list of all the things I've learned in life . . ." In the next panel she continues with, "Well, actually, I'm making two lists." Charlie questions, "Why is one list longer than the other?" Holding up the much longer list, Sally explains, "These are the things I've learned the hard way!"
 
It's easy to chuckle a little at the part about "learning things the hard way," isn't it? We've all done that. There's really a more revealing message in this simple cartoon.
 
The short list of things we've learned generally contains lessons that required no effort, or lessons we learned passively, while just listening or observing. For instance, we learned simple courtesies from our first grade teacher. We learned historical names and dates from our history teacher. We learned to tie knots from our scout leader. Our parents taught us to share. The list goes on.
 
The important list, the one that's much longer, contains the things we've learned from experience. These lessons are endless, and no matter how trifling the lesson, we learned one every time we took action. We dared to try a two-wheel bicycle and crashed - several times. We tried out for the school play - and made fools of ourselves in front of friends.
 
By attempting - at the possible expense of our pride, our self-esteem, or our physical well-being - we either succeeded or failed (and learned a lesson). It is our actions that produce results and teach us those valuable lessons. Teddy Roosevelt said it right: "Far better to dare mighty things . . ."

Go to the Garden!

by Mike DelRose Team

    Monday Morning Coffee

INSPIRATION FOR TODAY:
 
"Thought in the mind hath made us. What we are
By thought was wrought and built. If a man's mind
Hath evil thoughts, pain comes on him as comes
The wheel the ox behind . . . 
 
. . . If one endure
In purity of thought, joy follows him
As his own shadow - sure." 
~ James Allen
 
GO TO THE GARDEN!
 
The human mind is like a garden. It directly reflects the care and attention given to it. Consider two gardens side-by-side, in the same soil.
 
The first is bursting with color, gives off the most delicate of fragrances, is free of weeds, and forest green. New buds continually replace each other, and it's a delightful place to spend a sunny day.
 
Just a few feet away, you encounter a musty patch of stunted leaves, few blooms, parched soil, and insect infestation. The few plants remaining beg for a kind word and attention of any kind. They look sad from their days of inattention.
 
Why is there such a disparity between the two gardens? The first has a gardener, while the second has been totally ignored. And just as an untended garden will fail to prosper, so will an untended mind.
 
Imagine how easy it is for the mind to wither and atrophy when attention is not paid to its simplest needs. The mind can be so creative, unless it is fed passive TV drivel hour after hour. The mind can be so enthusiastic, unless powered by a body nourished by fast food, chips, sugar-filled cereal, and caffeine-packed soft drinks.
 
Just as a vibrant garden inspires, a well-tended mind can bring forth the best in others. It deserves our attention. It should be watered and fertilized with foods filled with the proper nutrients. It can be expanded greatly through the stimulation of education. It can remain viable only through the practice and application of solid principles.
 
When the care given is incongruous with the results desired, the garden is a disaster. When the mind's actions do not match its stated objectives, chaos is the result. Our minds have the potential to bloom more abundantly than any garden. They deserve our utmost attention.

 

Two-Family Home in Watertown

by Mike DelRose Team

Displaying blog entries 1-10 of 61

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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