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!

First Quarter Real Estate "Round Down"

Get it? Round-up? ... "down"?... Never mind. The idea up there was a hint that first quarter 2011 sales were down in numbers of transactions in 2011 versus 2010...at least in the areas that I haunt.

Looking at the 3 Musketeers of residential RE (Singles, Condos and Multis), only Watertown improved over 2010 in the seven towns where I did some work. Belmont was down 2 (32 in 2011 versus 34 for 2010), Newton dropped 7 units from 2020's 122; Lexington sank to 58 from 2010's 62. Waltham got "clocked" (get it? Waltham Watch/Clock Company?) -- down to 78 sales from 2020's 93. Medford finished out the quarter at 79 sales (11 below 2010); Arlington ran out at 69; 8 shy of 2010's total. Only Watertown upped the ante: 61 sales for Q1 2011 UP from 2010's 52.

I wouldn't put too much stock into this, yet folks. Let's wait 'til we review the numbers and the mix -- then we can decide what to do with "all" our stock...Stay tuned.

Watertown Home Sales for 2011 so far so good...

Yesterday, we looked at Belmont and saw that the first 2 months of the year saw a mere 4 new homeowners hanging out the Welcome signs. It has been speculated that the poor showing is related to the storms that have tortured the minds and frozen the pocketbooks of buyers. Today however, we look at Watertown and see a different story.

For the first 2 months of 2011, Watertown has 8 closings; sure that is down from the 10 consummated deals in 2010 but right in line with recent history -- stormy weather notwithstanding. Going back to 2005, we see first two month sales being at a low of 6 and a high of 12. Average days on market, by the way were a stealthy 69. Average price?... they were skewered to the high side by the very unusual home on Garfield that sold for $1,250,000 (a palace for sure -- you can buy 3 homes in Watertown for that). Be that as it may, the so called Belmont SNOW DAZE, does not appear to have been seen in Watertown...who knows maybe it is the weather...after all Watertown IS south of Belmont, right?

Un-Staging

Everybody knows about staging. Okay, so maybe a few of you good folks do not, so by way of quick explanation, "Staging" is a concept wherein a seller prepares the home for sale by doing cockamamie things that the "home stagers" tell you will sell your home FASTFASTFAST.

Now, folks, you and I know that so nobody is fooled by some bric-a-brac bought at the local Homegoods store, or candles burning in the alcove. We ALL know that in order to sell a home FASTFASTFAST, you have to price it RIGHTRIGHTRIGHT.

I have never been one for staging. It all looks so phony to me. I walk into a "staged" home and I think of Ikea; I smell the scented candles and I want to sneeze at best (at worst, I want to look behind the fridge for the mildew).

No folks, I do not like staging, but that does not mean I am in favor of UN-STAGING...

UN-Staging is a concept I developed. I tell my clients that we must make sure not to unstage and they ask, "What, perchance is that?"

Un-staging is what I call the act of NOT doing those things that will turn off a buyer or, at best, mitigate against a favorable offer. Herewith is a list of UN-Staging items -- things we should not do:

Do not leave the foreclosure notice on the dining room table -- No one is going to up their offer for your home if they know you are in hock up to your hams. Likewise the overdue bills.

Do not show off your pets -- Fido suffers from "bad breath in dog's mouth", sorry to tell you that (you smell just like him after all these years of letting him sit in your lap). No one thinks your dog is cute. As soon as I see a free range dog, I begin to wonder where is the wee-wee stain from those paper training days.

Cats -- forget it, lock 'em up. Every five minutes they are hurling a hair ball; the litter box stinks and the food on the floor is gross.

Hubby -- if the man of the house uses male enhancement, for goodness sakes, hide the bottle; do not leave it on the dresser. We ALL know what goes on in the bedroom, and we may even go to a movie and watch Sasha Gray do it in mind boggling concatenations of styling, but we DO NOT want to think about YOU doing it. While you are at it,...change the bedsheets.

We have all been told that cooking makes a buyer feel all warm and fuzzy, but DO NOT leave the stew on the stove during a showing. The whole recipe is going to boil down to a tarry mass while you are gone and the house will stink like burnt rubber.

I love fireplaces, but do NOT leave 'em going when I show up with a prospective buyer. The only message that can come of this is, "What kind of a moron lives here who would light a fireplace and leave?"

Do not put the dirty diapers into the diaper bin -- they still stink! You just can't smell it anymore. Put the whole bin outside. While you are at it, take down some of Junior's picture. Too many pictures makes the house look too well lived in.

Don't use the basement for storage! If "ya got" clutter, rent a place. Boxes piled high just look like you are hiding something.

Hide the magazine collections. We are all very impressed knowing you read the New Yorker...this week's issue is just fine, but we DON'T need to see them going back to 1965.

Don't leave 3 weeks of leftovers in the fridge. It smells, and at any rate, the fridge may well be part of the offer. Even if it is not, the buyers are going to open it.

Do you really need to leave that box of Trojan's in the medicine cabinet? Do you really need to leave the "Girls Gone Wild" DVDs on the night rest? If you do, at least leave a copy of Citizen Kane there.

DO NOT vacuum TOMORROW! Do it today.

Do not soak the dishes.

Do NOT smoke...EVER. In fact, stop smoking TEN YEARS before you decide to sell. That is how long the nicotine is going to take to dry out of your wall board.

Don't leave fancy chocolates around...good ol' Hershey works just fine. I mean, it might not have an impact on selling the home but, well, what I mean is...I like Hershey...

A Friend in Need Should NOT Be a Friend (IN)Deed

She comes to me and says, "We were together for 5 years. It seemed only natural."

My friend here (ALL my friends are women), was showing me shapshots of the renovated kitchen in the condo she bought "yonder" about 8 years ago. "I mean," she postured, "We did so much work on the place, together, and he seemed to be the perfect guy!"

Now, folks, those of you who know me, can well attest that I work magic on women -- I make 'em disappear! I bring this up to point out that IF I knew what was the perfect man, I would have fashioned myself to be one long ago....So I asked her, "Perfect? How so."

"Well, single, never married, no kids, fortyish, living with his mother..." I lose it there...Any woman who thinks a forty-year-old living with is mother is perfect, well...'nuf said on that!

"So," she continues, "it was only natural. It seemed so normal to do it....And then I find out -- he's been in so many affairs that he should be a caterer! And he comes to me and tells me he's got some girl pregnant and, get this...he wonders if maybe it might be best if WE raise the child as OUR own!" And off she goes to Sobbingland.

"Well throw Old Lochinvar out, for crissake," I say.

"But I can't."

"Listen, honey," I move in for the heart-to-heart, "this is no time to play the conscience, the guy's a bum with a wet wick..."

"No it is not that," she cries, "we were an 'US'; a together, a 'WE'...so last year, I put his name on the deed. I can't throw him out; he owns the place too!" (And now even I'M crying!) "Yes, last year, while he was shakin' and bakin' in Miss GirlScoutCookie's oven, I was off at the lawyer changing the ownership of this place from a 'ME' to a 'WE'. On our 'quote' anniversary, 'unquote', I showed it to him. So Ya see, I can't throw him out, no more than he can throw me out! And he can bring his damn cupcake in with him, I suppose and we can all do a 3-some, or maybe THEY do a 2-some while I burp the baby." And inconsolable tears aplenty pour forth.

Readers, when words fail me (and they DO NOT FAIL very often), I think of cleavage, and here, words failed me... For a few short moments, I thought about how my friend would look in a shred of lingerie from the Frederick's of Hollywood collection (this situation was WELL beyond Victoria's Secret stuttering!).

"Uhhh, yeah," I say, my "unShakesperean moment continuing, "Uhh ya," and I say the only thing I can say, "Call your attorney."

Who knows, maybe it all can be undone. Maybe there is something in deceitful intent...but one thing is for certain -- don't make a friend, indeed, a friend IN DEED.

Order of Notice Review 2010

For those folks who do not know what is an "Order of Notice", let us move into the magical land of make believe: let us imagine this scenerio:

Scene 1, Take 1: Owner opens letter on the table. Perplexed by the big words, and stymied by the reference to military personnel, the owner puts down the letter, picks it up, reads it again.
Scene 2, Take 1: Owner divides the big words in the calligraphy on the page and realizes that this letter is notice that their "banker" intends to begin foreclosure proceedings. The letter in hand is serving notice that if the owner is active in the military service of his/her country, he/she should so make written notice to that effect...and so our story goes.

The "OON" is a good indicator on foreclosures. In Belmont, 12 neighbors got the OON in 2010. That is an imporvement of the 17 who got the riot act put on them on 2009. Sad, but a bucking of the trend as the chart below of surrounding towns details:


Waltham in 2010 104; in 2009 73
Lexington in 2010 20; in 2009 16
Arlington in 2010 38; in 2009 13
Medford in 2010 119; in 2009 111
Watertown in 2010 38; in 2009 38

This may well look like good news for Belmont, but silver linings, DO, in fact cover the storms. It may well be that so many of our homes were bought at such infalted prices, that banks DO NOT WANT TO FORECLOSE. Why foreclose on an unsellable property; why pick up ownership and have to pay those taxes? Better to let the defaulting owner dangle in the breeze (or hurricane).

Not too funny, but then, it isn't supposed to be.

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!

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!

Value Added Investment Grade? One step at a Time

Agents live for broker tours. For those not of the "cognoscenti", a broker tour is like an Open House, except it is an Open House for the "elect" -- read that for only brokers. It is a chance for a listing agent to show a property to other agents in the hope they may well have a client who would like the home. Agents going on tour do not necessarily like the Broker Tours for this -- they like it for the free food that is usually spread out by the Listing Agent to entice the traffic. For example, in my corner of the world, "lunch" is served in Belmont, Arlington and Cambridge on Tuesdays, Wednesday it is Newton, and Friday it is Watertown and Waltham (yum yum). Other towns in my area have their days...check an agent's GPS history and you can figure that out for Medford, Lexington, Wellesley, Brookline and so on.

The other day, I go to this broker tour. I am cheerfully met at the door by a sprightly young agent (I know she is young...the low cut sweater [a Cashmere Over Sized Cowl Tunic from Michael Star; $326] that she wears is slightly amiss at the left shoulder exposing not just a maroon bra strap [Victoria's Secret], but also the wing of an angel tattoo pricked into the skin, I surmise, after a long night with some Brown University frat boy(s?) -- I recognize the work...Ronnie's Tattoo, Providence, RI; $89.99).

"Welcome," she says, and, "Oh, could you please remove your shoes?"

Now readers, at my stage in life and in this place and time, I should be excited when a woman asks me to remove ANY article of my clothing, in this case, if for nothing else, for the one second of fantasy that this person has a foot fetish. Alas, sadly, she spoke too fast and cut all "fantasm" to the quick.

"It is the rugs," she imparts, "they are collector quality."

For the first time, I looked below the agent's torso, passed the Eileen Fisher Stretch Ponte Pencil Skirt (Sak's Fifth Avenue, $158), down the finely waxed calves (Li Kim Thuy's Nail and Wax Shop [bikini lines a specialty], Dorchester, perhaps?) and down to the bare feet ("Shoeless" Joe Jackson; Chicago White Sox, 1919). Off to the right was an imitation brass scupper (Home and Hearth, $68), and neatly resting in it were the agent's shoes; black high heeled "court pumps" from Redoute Creations, Paris (40 Euros or 60 bucks at current exchange rates).

"You see," she continued, "the rugs are all quite pricey. This one is an Isfahan and over there in the sitting room is a Bakhshaish. This runner is a Hussainaba. They are investments!"

Now folks, I really do not want to talk rugs here, but rugs as an investment?...I mean if you want people to just stamp and stomp all over your investments, that is O.K, but why not just give your money to Wall Street? That's what they down there everyday.

"Uh, huh," I say as I remove my shoes (PayLess $14.99 Buy-One-Get-One-Free [BOGO]), thanking God for the wisdom of that trip to Marshall's the day before (New black socks, slightly irregular, 6 pair; $3.99). As I am doing this, I am searching about for the route to the kitchen and the free lunch platter laid out. After all, all I want, all ALL agents want is a sandwich and maybe a Coke to go (free at Broker Tours; $1.59 at 7-11; remember to cash in the can and you come out a nickel to the good!).

"And," she points out, "all the collectibles on the walls!", and she directs my attention to the shelves and cut outs and nooks and crannies filled with bric-a-bracs, porcelains and potteries of all manner of invention.

"Listen," I say, still looking beyond her slender posterior for the platter (do I smell roast beef!?), "I don't know, kiddo...you are going to bring a lot of people into this house and with all these nicknacks about, well...I'd be afraid that some of them are going to get 'paddy-whacked'...and you'll be the one that will have to, shall we say, 'give the dog the bone' if you get my drift". She didn't, apparently she is too young for the "This-Old-Man-He-Plays-One" joke motif.

"Come again?" she says, and I reply something to the effect that at my age, I would need a good dose of Viagra to do that (she didn't get that joke either).

"I don't understand," she says.

I tell her, "What I mean is...it's the stuff...no one -- not even you!!! -- will be looking at the house. It is ALL stuff. First you ask folks to take off their shoes...what if they have a hole in their sock?" (Thank God [again] I went to Marshalls!), "then they walk into this museum. Let me tell ya, honey, people want to live in a house, not a museum. You know who lives in a museum?...King Tut lives in a museum, and for him that's an upgrade, 'cause before that he was living in a freaking hole in the desert for 3 thousand years!. Folks want to see if their entertainment center from Jordan's Furniture will fit here. They want to see the glow of the hardwood floors; they don't want to tip-toe around some magic carpet smuggled out of Pakistan. For your sake and for the sake of your client, you need to get this place cleaned up. You're not selling admission tickets here...you are selling a house."

She begins a retort of some sort, but I am gone; I see the snake route to the kitchen and the spread; catered by Rebecca's!!! ooooh!, Turkey, Tuna, Veggie, and ROAST BEEF on SOUR DOUGH ROLLS ($7.99 each), a bag of Cape Cod Chips ($1.19)...and a Diet Coke.........TO GO.

Is it a PUN? Belmont (and other thefts)

MY ditty from yesterday's papers (4/2/10), needs a tad of updating. For those who cannot remember yesterday, I will say that Vin Cedrone, whose folks own the chateau at 315 Crafts in Newton got bagged stealing expensive plaques from buildings and monuments. Pulled from sources is the quote below:

"In a statement, District Attorney Gerard T. Leone called the thefts “brazen,’’ saying Cedrone targeted public property in the three communities to sell. He estimated the damages to be in the tens of thousands of dollars."

The word "brazen" has taken on a meain inour vernacular of being tought, audacious -- sort of devil-may-care, damn-the-torpedoes sort of feel, yet there is more to the word. Here comes the fun.

The key to all this is the word "BRAZEN". The word stems from the Old English BRAESEN. It means, get this, B R A S S!. Yeah, brass as in metal... expensive metal, as in plaques on buildings! yeah, is it a pun? Is DA Leone exceedingly witty?...or most likely just a limited vocab kind of guy who hit it big today.

Anyway, it's wonderful. I hope the Perp ("brass balls" included) gets to hack his way through some metal bars soon.

The Belmont and Watertown and Newton and...THIEF

This is right outta the local Belmont (MA) "rag". It is too funny not to copy. Check out the "Perp's" Mode-of-Op...

By Dan Atkinson, Jen Thomas, Christian Schiavone and Emily Costello/belmont@cnc.com
Belmont Citizen-Herald
Posted Mar 31, 2010 @ 05:04 PM
Last update Mar 31, 2010 @ 05:27 PM
Newton, Mass. — Newton police have arrested a suspect in connection with last weekend’s theft of a bronze plaque from the Homer Building in Belmont, as well as a similar theft in Newton.

Vincent Cedrone, 52, of 315 Crafts St. in Newton, was charged with two counts of receiving stolen property, according to Newton Police Lt. Bruce Apotheker. He reportedly stole a bronze plaque from the Chestnut Grove condominium complex at 1175 Chestnut St. as well as the plaque in Belmont, Apotheker said.

Belmont police have also charged Cedrone with larceny over $250 and defacing property in connection with the March 21 theft of the Homer Building plaque, which was captured by several security cameras. The plaque is valued at about $1,900.

Cedrone’s arrest isn’t the first time his name has been connected to a missing historic plaque.

Last January, he received a $1,000 reward for returning the Belfry plaque stolen from Lexington’s Battle Green, according to one of the three businessmen who offered the reward.

Several weeks after the plaque went missing in December 2009, a Lexington police officer reportedly spotted Cedrone trying to load it into his car. He allegedly told the officer he found it and wanted to return it.

Now Cedrone is suspected of similar thefts in Belmont, Newton and Watertown, according to police officials in the three towns.

Lt. Richard Santangelo, a spokesman for the Belmont Police Department, said police received information that led them to Cedrone after releasing the security camera videos to news outlets, including one that aired the footage on the evening news.

The footage shows a man pulling into the Town Hall complex in a small white coupe at 4:30 p.m. The man appears to first try to pull off the bronze plaque on the school department building across the driveway, but gives up and moves on to the Homer Building.

“It was definitely the result getting the pictures out there to people,” said Santangelo. “Right after the broadcast we got some information.”

Santangelo declined to say what type of information police received and said he didn’t know whether it came first to police Belmont or Newton. After a joint investigation between police in Newton and Belmont, Newton officers made the arrest, Santangelo said.

So far, the Homer Building plaque has not been recovered and may have already been sold for scrap, according to police.

Santangelo said Cedrone is also a suspect in the theft of four other plaques from the Waverley Square area. One was mounted on a concrete post on the railroad bridge running along Trapelo Road. The other three were smaller plaques set in stone monuments around the triangular grassy space over the Waverley Square Commuter Rail station.

Historical plaques have turned up stolen in Newton and Watertown in recent months. Tablets have been swiped from Newton's Country Day School, Memorial Monument Rock at Newton City Hall and the Johnny Kelley statue.

Watertown had seven plaques stolen — three from Arsenal Park, three from in front of the Commander's Mansion on Talcott Avenue and one from Watertown Square. All appear to have been pried off.

Lt. Michael Lawn of the Watertown Police Department said police believe the thefts in Watertown, Belmont and Newton are related. Though Cedrone has not been charged with any of the Watertown thefts, Lawn said the police are "confident" the crimes were committed by the same person.

Thieves did not get away with another plaque at the George Washington monument in front of the Watertown Free Public Library, though the plaque suffered some damage from what appears to be an attempt at dislodging it.

Police believe the plaques were stolen so the metal could be scrapped.

Newton's Apotheker would not comment if Cedrone is connected to other plaque thefts, referring questions to the Middlesex District Attorney's office. The DA's office has not returned phone calls for comment.

At least a dozen plaques have been reported stolen in the Newton area over the past few weeks.

Despite Cedrone's arrest, John Carroll, one of the Lexington businessmen who gave Cedrone the reward, said he was just happy to have the plaque back.

“When we made the offer, it was no questions asked,” said Carroll, who owns Stone Meadow Golf on Waltham Street. “We were more interested in getting the plaque back and making sure it wasn't sold for scrap. It turned out well in the end.”

Copyright 2010 Belmont Citizen-Herald. Some rights reserved

Liquid Assets in Waltham

Ms. Flanagan, my thoughts are with you today.

For those who do not know Ms. Flanagan, she is the Berkley St homeowner who is, well, not living in her home because the home moved...yes moved...about a foot, so the FOX news folks tell me, OFF its foundation.

Why did it move? Seems, 'though I am no engineer, it "trolleyed" off its cement track because of the recent storms that brought oodles of rain, followed by doodles of more rain a few days later (actually yesterday).

I cannot say how rain can "push a house", but I am reminded of the earthquake term, LIQUIFICATION. This is where the ground, normally harder that a sixty-year-old coot over dosing on Viagra, gets pushed, cajoled and shaken enough so that is gets soft (like the coot after his 2 minutes as Lord Lochinvar, or George Clooney). It may well be akin to when you kick a hard clump of dirt and it breaks up in to a gazillion little pieces. In that state of being, the soil no longer can hold the man-made edifice upon it and things shift, or fall down as the case may be. In Ms. Flanagan's case, water may have softened by the whole thing and, the rest is "moving".

The news reports that the Flanagan home is not in a flood zone (I know the street) and I would agree from my unprofessional view, but I would also conjecture that the forensics of the situation will point to GROUNDWATER issues, and that would not be covered anyway.

At all rates, my heart goes out to them and I wish them well. I would hope there will be no tears shed -- there has been wnought water...

Agents are full of S**T -- Redux

Yesterday (see below) I put out some stats on Orders of Notice in my corner of the world, YTD versus last year for the same period. They painted a grim picture "malgre" the rosy smiles of the "housewife home hucksters" who daily run about hawking homes whilst "habidashing" about the kitchen curtains.

I was asked by many for some support of the numbers as they were from "only a small sample" of towns.

Herewith, I pick Suffolk County -- That is BOSTON, REVERE, CHELSEA, WINTHROP. Here goes...

1/1/10 to 3/18/10 560 Orders of Notice.
1/1/09 to 3/18/09 194 Orders of Notice.

As far as Middlesex South goes...

1/1/10 to 3/18/10 745 Orders of Notice
1/1/09 to 3/18/09 202 Orders of Notice

'nuf said?

Agents are Full of S**T

Here in my corner of the world, the next time your bubbly agent tells you how great things are in the world and how that world will only be greater for you if you buy this home "TODAY!!!!!!", ask that agent of yours about "ORDERS of NOTICE". Now, mind you, they probably do not know what those things are. My advice in that situation is to get another agent, FAST! Just call me, actually.

That is an order of notice over yonder the right there. Not a pretty thing I would hazard (privacy information has been blocked out), AND, it gets uglier as one learns about them.

Herewith is a small primer on what we will now abbreviate as OON:

An OON may be considered an solid indicator of foreclosures coming up. It is a required document filed at the Registry of Deeds that notified folks that their lender is going to foreclose on them. The OON is required because any person in the military can seek relief under the Service members Civil Relief Act (one rightly cannot foreclose on a bloke shooting down some scum bucket who wants to do harm to Americans).

An now, hers are some stats to ponder.

Looking at this year to date (1/1 - 3/18) there have been in "my" areas (Belmont, Arlington, Watertown and Medford) 66 OON's plopped in mailboxes of sinking homeowners; 37 of those are in Medford, by the way.

In the same period last year, there were 14!...Yes only 14 (11 in Medford).

That is a big clunk. When one thinks of all the foreclosures that have been laid to rest, and these numbers coming up that ARE NOT in the stats,...well conjecture is worth a few moments when next we "latte at Starbucks".

What does this mean? Well, we will expand our stat collection and see if the patterns are "All over the board". Then, we will be better able to discern if your happy agent is full of S**T, or completely down and out of the crapper already.

"Ducking" the Weather

There are ducks swimming in my backyard...not in the little pond at the northwest corner, but in the yard where, at about this time every year, I begin the annual toil of planting happy grass and expunging, well, crab grass. Not today.

It appears the water table has risen above the banks of the pond, and the pond has made ownership of a substantial swath of the yard. I noticed a fish in a place that would normally make it a "fish out of water". I had hoped the little adventurer wold submarine itself back to the deeper climes of the pond, but sadly, that did not happen;...an aquatic squirrel tip-toed through the shallows and made a "canape" of the "carp."

Many open houses on this Sunday just gone were "called on account of rain." Brokers, deciding to put valor in the "bottom drawer", felt it best to "close for the day" rather than have to explain to a doubting public that the "wet basement is ONLY during unusual rains" such as these. I kept my open house going: I had not problem facing up to the sceptics about the seepage...no problem because NO ONE came.

The high school is closed today. Flooding. A few other communities are suffering the same fate. Not the flooding but having teenagers with a day off and nothing to do. I suspect the "little darlings" will spend it nursing cheap beer out of paper bags behind the Dunkin Donuts on Trapelo Road, or behind the library if the babbling brook there has not overflowed its banks. The town will fairly glow with beer cans reflecting in headlights by tonight.

I'll be out showing some properties. Let's take advantage of all this. How much off the list price can we get for a sopping basement? Time will tell....

So that's the way things are in my corner of the world in these rain swept times. Time to put on the flippers and check my own basement.

Don't Turn on the "Waterworks" for Watertown

Don't cry for me Watertown...so the Watertown agents should say.

In 2009 (so far...a few more may slip in), 78 single family homes were sold. This compares slightly to the good to 2008 when 75 "castles" changed hands. Not only that, these castles traded out faster than in 2008. It took 60 days for the lord of the Watertown manors to divest in 2009. In 2008 the lords and ladies had to wait 82 days for their vassals (agents) to get the job done.

As far as pricing goes,...it was a tad to the bleak, nothing like the Black Death of 1348, of course but average prices were a dip from $463,428 in 2008 to $455,707 in "09". $8,000 for a drop is nothing when compared to the whopping of a whack taken in Belmont where (as noted yesterday), the average palace got "pillaged" for about $70,000.

We may have assumed that demand for homes in Watertown has to have been buffeted by the $8,000 tax credit to first time buyers, but that does not seem to have been the case. 30 of the homes sold for under $400,000 in 2009. A look at 2008 shows that 32 homes sold for under $400,000 when the tax credit programs first went into action. In 2007, a scant 25 out of 93 homes sold were in that price range (average sale price $484,424 in 2007). The "stats" do not fully define the issue.

It may well be, after all is said and done, education: seeing prices not dropping from 2008 to 2009 brought the skittish buyers out and days-on-market times shortened. But who knows for sure?...no one...not even Santa.

Happy New Year?

Low and behold; in my corner of the world agents are celebrating "Realtor New Year" on November 19. To the outside world, this might seem a bit strange -- a bunch of agents cavorting around the neighborhood, happy smiling celebrating taking tme off -- wait a tad, they are like that all year! So what be the reason for this date, and I may add, the flurry of activity going about as they get ready for the horns and hoopla on the 19th?

Agents in these last few days before the BIG 19 have been out in force trying to get a "deal" in. "Ya wanna buy a house?" Hey buddy...yeah you...c'mere...looks like you needs a house for a good time...You get the pitcure. Why why why?

Ahh, dear reader, the answer lies in the calendar... Let us look. 31 days in December plus those days from the 19th through the 30th of November, that makes, let's see 1, 2 3...12. Add that to the 31 and you get 45 days.

AND 45 days the benchmark used by agents. From the time an offer is written until the "papers" have passed is a standard (so we try) span of 45 days. Get some shnook to sign on the dotted line on November 18, and you get your agent check on December 31. Ink the contract on NOVEMBER 19 and BANG! 45 days later your agent commission check is there -- IN JANUARY! Happy New Year.

I should wonder about this, and how buyers and sellers are served by this and the countdown to moneymoneymoney, but, as an agent told me, "So long as the clients don't know, so what?"

OOOPS I just told you! And now you know something new about your agent. I just hope your New Year's Resolutions include learning something new.

Happy Birthday Internet

Forty years ago today, a message "lo" was sent from the University of California to The Stanford Institute. It was the FIRST Internet message (Al Gore was NOT there). With this in mind I look about the Real Estate world and what do I see? Nothing. Nothing has changed. In fact in spite of what they say, 89% of buyers go the the broker they know, not the one the Internet. Internet sites may give someone information, but when it comes to hard knocks, folks are knocking on the local doors. So keep on texting folks, everybody knows my name (and my face well, in the flesh). Its all good for business here on the cement highway...

"Swine" Flu

What with all the the talk of the above noted malady, there seems to be a trend towards NOT shaking hands. This, the idea of "shaking hands" in itself, begs a full article, what with countless pointers and directions about time, speed, and intensity of grip all playing into the A, B, C personality crap, but herewith, we are focusing on an singular episode. Read on...

Yesterday, I was asked to escort an agent to his new listing -- a BIG home; grand in all scales, not the least of them all was its age as well as the age of the owner. The owner, an elderly matron had, it seems, raised a whole family of children in the home. Those seedlings, now all sprung to full bloom in diaspora fashion across the globe, and husband, now gone to reward, the elderly woman decided to put the home on the market:

"Such a big home for such a small old lady," she said as my young agent friend brought me forward.

"Mrs. XXXXX, I want you to meet Al. He's my mentor, a great guy who knows everything about this area."

"Hello," she says, with a stern look of motherly scorn.

"Pleased to meet you," I say and I reach out to, yes, shake her hand...

"Heavens no," she says, and she recoils a feeble step.

"Oh, I am ever so sorry," I aver, "what with all the talk of swine flu and shaking hands, what must I have been thinking?"

Just then she applies: It has nothing to do with swine flu, young man. I just do not want to shake YOUR hand, now or ever! You were a bad boy, a bad little boy...do you know how long it took me to get those stickers off the bathroom mirror?!?!"

Stickers, bathroom mirror...oh yes, Bugs Bunny, Foghorn Leghorn, Yosemite Sam, and yes Porky Pig...I just have been 4 years old when I visited a strange home, for what reason I shall never know, and in a moment of childhood creativity, found some stokers in a room somewhere and plastered them all over a mirror. IT WAS THIS HOUSE!

"Bad boy," she said. You left without telling anyone. You deserved to be fully reprimanded. You were a sloppy dirty little pig of a child. I hope you have corrected yourself!

I am, again, 4 years old.....

"Now go...," she points to the kitchen, "in there, on the counter is aplate of fresh cookies. Take a napkin, and NO crumbs, I say!"

A Self Serving Call to Action

The below quote came to me from my lobbying group, the National Association of Realtors. One wonders about these things. It is a plea to keep yet one more bail out going. The famous $8,000 to first time buyers is, after all just another bailout: it gives 8 grand to folks who may not deserve it and take it away from those who earned it (in the form of more debt to pay in the future -- which will be paid by rising taxes). At the risk of losing the love of my fellow agents, I say no; no to any of this. Let us all work hard, try hard, take a bit longer to recover, if necessary, but let us stop this govenmant mandated re-allocation of wealth.

Read the text:

"We have all seen first-hand the positive impact the first-time homebuyer tax credit is having on the real estate market recovery. As the expiration date for this successful program looms, we ALL need to make sure that Congress hears from us about the positive impact this program has had and ask them to extend it, and expand it, so that we can continue to see our markets fully recover."