Condo Sales hit a Brick "Wal(tham)" (MA)

the 205 condos sales in 2010 represent a 23% drop in numbers of sales versus 2009. Not good for agents even if one considers the average price rose from the width of a joist from about $312,000 in 2009 to $318,000. Agents may well point out that they were on the beam here with average days on market dropping to 87 from 2009's 90 (big deal!).

Things are not as bright as agents may make it out to be...the average sales price rise is not due to demand, folks, but to the size of the condos. In 2009, comndos sold for an average of $257 a square foot. In 2010, the averge Price per square foot dropped to $243. Added to that, there were 108 owners lweft in the dark when their condos did not sell and went expired in 2010 (a mere 68 expired in 2009).

Which just does to show that maybe bright eyed agents, like the "expired" owners are also in the dark...Better cut a window in that wall and take a look around.