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The Historic Edmund Fowle house

by Mike DelRose Team

            

   

Watertown, MA 2016 Mid Year Market Update

by Mike DelRose Team

Cigar & Lounge in Watertown

by Mike DelRose Jr.




Mike Jr. Talks About the Village Condominiums

by Mike DelRose Jr.

Watertown Single Family Sales October 2015

by Mike DelRose Team

Prices Up, Inventory Still Down in Watertown

by Mike DelRose Team

With Spring here we can expect lots of things in real estate. Snow not being one of them of course. In sharp contrast to last year, prices continue to rise but inventory is down (Hovering around 2 months inventory opposed to a normal market of 5-6 months) in H20 Town. 

Some say it's due to global warming, or lack thereof, but the truth really can be seen from those that purchased real estate just before the crash. Still needing to build equity, many are not trading up or trading down. 

In Watertown, Houses are selling about 30% faster (depending on the type of property) or going under agreement in roughly 26.6 Days after coming on the market compared to last year. We know the demand to live here is high, and it helps that the Arsenal Project is getting underway. But for those looking to get into the community, it has become a huge challenge. 

Home owners that are thinking of selling their home could see up to $50,000.00 increase compared to last year if they are properley price (figure based on sales percentages) and buyers will have to match that and sometimes more to beat out their competition. 

$50,000 is no small figure, there's more than enough shock to go round, just not enough houses. 

Three Bedroom, Two and a Half Bath Townhouse

by Mike DelRose Team

Displaying blog entries 1-7 of 7

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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