Belmont Balancing Act

Ok, so there may be one or two souls out there putting the ol' schnozzola to the grindstone and getting one last close into the books, but as Bob Dylan sings, "It ain't me, babe..."; I am off the clock today: getting ready for whatever extravaganzas are coming tonight.

With that cut into stone, I may relate that Belmont was nicely balanced when comparing sales of singles in 2010 to 2009. With the final caveat of last hour closings (C'mon no one's workin' today!), we can say that 144 singles changed hands in 2010. That is 3 less than 2009 (147) and a 2% tip to the "malaise", but wait....the average sale price was just shy of $778,000 according to my stats from MLS, versus 2009's average pluck of $730,000 (up a bit). The scales shift back to the center: a little less in sales, a little more in price (or commission check for the Belmont agents). Even Steven. In fact, those agents grabbed a cut of $112,011,552in sales in 2010. In 2009 those same souls were forced to get by with commissions based on a paltry 107,310,558 -- about 4.7 million dollars less in 2009 versus 2010.

I just peel with excitement at what a breakdown of the condo market might be, but that will have to wait. I am off today. See you all on the other side. May any and all of your disappointments in this dying year of 2010 inspire you all to travel roads with brighter and wider eyes.

My best,
Al.