Belmont (MA) Sales, where do we stand (most of us are sitting right now)

Ok so we are 69 days into the new year, and in Belmont 27 properties have changed hands. 10 Singles, 16 Condos, 1 Multi (no doubt soon to be 2 condos on the flip????).

As this time last year the local Registry of Deeds bagged fees on 28 transactions, so we are ONE behind last year, but it is the mix that tells the story:

10 Singles this year,...15 last year
16 Condos this year,....10 last year
(multis were 1 versus 3, but who's watching)

Condo sales are rockin'; aided by those big ol' luxury haciendas near the old Hospital...up about 100 grand over last year.

Singles have, however gone through the roof (so to speak) 2010's first 69 days saw an average sale price of $722...this year they whacked the checkbooks for 1.1 MILLION. A bit skewered by TWO sales that logged in at 2.4 and 2.8 million. Without those two "big dogs", we'd be sitting not nearly so pretty counting treats that averaged about one thousand bills over 2010's level.

So that's where we stand, (or sit, or crawl) as we try to get 2011 off to a running start.