WATERTOWN - 2018
Watertown Market Insight: Watertown remained a quiet but steady in 2018. With a lot of focus and news within Watertown on large-scale developments, the three-family market had a ho-hum year. Due to its proximity to Brighton and Cambridge, two Tier-1 Boston submarkets, many investors often overlook Watertown as a place to invest. That also may be due to the relatively small inventory of three-family properties (currently 367, per public record). However, Watertown has experienced solid and steady appreciation, with the largest sales price in 2018 coming in at $1,200,000.
What Is Noteworthy About The Watertown Market: While dealing with a rather small sample size, Watertown experienced some of the largest percentage of sales that were sold off-market. This included property sales of $965K, $940K and $828K and price per square foot of $249, $296 and $279, well below the average sales price of $999,662 and average price per square foot of $300.
With my ‘Demand Driver’, I help seller’s gain maximum exposure and maximum price for their real estate property. To learn more about the ‘Demand Driver’, call me at 617 272 5440.
While Watertown was Steady as She Blows…. As of February 2018, there are two multi-family properties on the market in Watertown, at an average listing price of $1,529,500 and an average list price-per-square-foot of $361. That price represents a 20% premium on top of the average sales price-per-square-foot for three-family homes in 2018. I wish the seller’s and their broker’s good luck on those assignments.
