Watered Down Sales -- 2010 Condo Sales review for Watertown MA

OK, so 179 condos were sold in little Watertown, MA in 2010. Nice, huh? Actually that is 20 fewer than in 2009, but agents have some solace: prices were up a bit. According to MLS, the average price in 2010 was about 338k, up from 331k. Note to agents: don't tap into the kid's college fund yet.

Agents had to work a bit more (work???) in 2010. They had to churn up 121 days to make the average sale. In 2009 they kanoodled the sale in 91 days. Yeesh! that is a whole month -- equal to the average agent's stay at their summer home one the CAPE! Yee gods.

The big bad news is here. 113 condos went unsold and the listings expired. A scantly69 failed to sell in 2009. Add to that the 63 listings currently on market (1/6/11), and you've got yourself quite a dandy (and large) pool of condos for sale.

Time will tell, but statistics say the condo prices will be "diluted" in 2011...and that may give buyers a chance to make a real splash!