No Big Splash for Watertown Real Estate Sales so far in 2011

Watertown buyers haven’t exactly made a big splash in real estate so far this year, but they haven’t exactly jumped a sinking ship either. Total numbers of units sold for the first 6months of 2011 were down compared to the same period in 2010, 159 for 2011 versus 174 for ’10, but the blame for the drop rests with the Condo “fleet”. In 2010, 114 new condo owners set sail on the rocky waves of ownership: in 2011, a mere 89 have tested the waters. Average price? Down in the shallows --- 4 grand less than 2010.

Single family sales were up in units sold and price. (42 for 2011, 33 in 2010; $475k vs. $472k on the average price front). And Multis?…up by one unit over 2010 to 28. Average price was up to $506k, an increase of $16,000 over 2010. The only problem with the Multi sales was that agents had to tread water for an average of 99 days before bringing the deal to safe harbor. It took a mere 30 days to do it in 2010.

There might be some smooth if not spectacular sailing ahead. Not much direction here, but if something need be taken away how about conjuring an image of the annoying agents who block the hydrant with her BMW NOSE DEEP TREADING WATER IN THE SALTY BRINE FOR 99 DAYS…works for me!