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!
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