Monday, January 3, 2011

Watertown all Washed Up?

OK ok ok...home sales in Watertown did not exactly take a bath in 2010, but real estate agents were not exactly showered with riches on the transactions they put together.

According to MLS, 71 single family homes saw former owners throwing in the towel compared to 79 homes in 2009; a 10 percent grading on the downward slippery slope (stop me on the "water" jokes).

It took an average of 66 days for folks to "liquidate" versus 61 days in 2009. The good news is in average sale price: 2010 saw home sales averaging $472,976: up from 2009's $456,293 -- about a 3% gain. That stat sort of helps with the ol' glass half full analogy, does it not?

All this does not mean that we should roll out the barrel and dance the polka in celebration of recovery, but it DOES mean that anyone talking about a dire and dismal future ought to have the old mouth washed out with soap!

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