Condo "Many-of-Them" (Belmont, MA)

So 84 condos (well mostly 2 family homes cut in half) went onto the chopping block in 2010; average price, a bit under $461k. Big improvements in both areas over 2009 when 66 flats swapped deed holders at an average price just below $420k. Not bad, but agents had to put the nose to the grindstone a lot longer to etch those down payments into stone. It took an average of 161 days (upwards of 6 months) to natch down the deal compared to 106 days for 2009.

And yet, the stock remains plentiful: 58 condos FAILED to sell and the listings went EXPIRED in 2010. In 2009, the number was 53. By point of comparison, in 2010 a mere 34 single fams went expired versus 48 single expires in 2009.

If you did not get in on the condo buying in 2010, do not worry, you have not missed the boat. There's a rather lame joke out and about that goes something like this:

"You know of any condos for sale?"
"Yeah"
"Which one?"
"All of them."