Market Report Watertown, Massachusetts
Single Family, Condominium, and Multifamily Homes Y e a r E n d 2 0 15
Watertown Statistics Single Family Homes Average Sale Price - Number of Bedrooms - 2015 Range 1-2 Bed $320,000 - $436,000 3 Bed $380,000 - $875,000 4 Bed $400,000 - $940,000 5 Bed $420,000 - $865,000
Number of Listing Sold 8 42 29 8
Days on the Market 26 33 34 82
Average Sale Price $ 401,500 $ 567,155 $ 623,534 $ 697,613
Historical Average Sale Price - Past 10 Years Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
% Change -4.500% -3.538% -1.540% 3.656% -1.543% -4.228% 14.142% 12.694% 1.575%
Number of Listing Sold 73 93 75 79 71 87 91 109 91 87
Days on the Market 83 90 82 61 66 77 61 44 38 37
Average Sale Price $ 503,062 $ 480,424 $ 463,428 $ 456,293 $ 472,976 $ 465,677 $ 445,987 $ 509,060 $ 573,678 $ 582,712 $573,678 $582,712
$503,062$480,424 $463,428
2006
2007
2008
$456,293 $472,976 $465,677 $445,987
2009
2010
2011
2012
$509,060
2013
2014
2015
Source: MLSPIN, as of 01/22/2016
Cover Image: Daderot. (August 10, 2013). Charles River—Watertown, MA [photo]. Retrieved from https://goo.gl/yF3CeC.
Market statistics
Total Sold - Watertown, MA Single Family, 1/1/2015 - 12/31/2015
# of
Price Range $300,000 - $349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999 $600,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999
Total Properties
Avg. Days on Listings Market
Average
Average
SP:LP
Average
SP:OP
Sale Price
List Price
Ratio
Orig Price
Ratio
1 4 12 13 21 18 10 7 1
16 121 17 44 33 22 31 78 3
$320,000 $381,000 $422,042 $474,038 $549,929 $642,356 $761,400 $851,429 $940,000
$319,900 $397,000 $422,625 $482,577 $527,448 $630,761 $740,020 $851,843 $940,000
100 96 100 98 105 102 103 100 100
$319,900 $404,475 $423,458 $487,731 $532,167 $631,872 $740,020 $884,414 $940,000
100 94 100 98 104 102 103 97 100
87
37
$582,712
$574,553
102
$579,771
101
Source: MLSPIN, as of 01/22/2016
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Watertown Statistics Condominiums Average Sale Price - Number of Bedrooms - 2015 Number of Range Listing Sold 1 Bed $170,000 - $474,900 36 2 Bed $245,000 - $740,000 105 3 Bed $325,000 - $960,000 61 4-5 Bed $383,500 - $1,500,000 17
Days on the Market 40 30 46 55
Average Sale Price $ 315,586 $ 396,235 $ 548,560 $ 677,000
Historical Average Sale Price - Past 10 Years Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
% Change 1.505% 0.711% -6.973% 2.209% -0.894% 0.877% 12.569% 9.009% 7.717%
Number of Listing Sold 229 307 232 199 179 154 208 263 258 219
Days on the Market 76 78 84 91 121 108 83 41 43 38
Average Sale Price $ 348,164 $ 353,403 $ 355,917 $ 331,098 $ 338,411 $ 335,385 $ 338,328 $ 380,854 $ 415,164 $ 447,201 $415,164
$348,164$353,403 $355,917
2006
2007
2008
$447,201
$380,854 $331,098 $338,411 $335,385 $338,328
2009
Source: MLSPIN, as of 01/22/2016
2010
2011
2012
2013
2014
2015
Market statistics
Total Sold - Watertown, MA Condominiums, 1/1/2015 - 12/31/2015
# of
Price Range $150,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999 $600,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,499,999 $1,500,000 - $1,999,999
Total Properties
Avg. Days on Listings Market
Average
Average
SP:LP
Average
SP:OP
Sale Price
List Price
Ratio
Orig Price
Ratio
2 3 19 35 33 44 29 24 10 13 5 1 0 1
106 20 23 41 40 27 32 37 40 74 82 21 0 81
$180,000 $245,833 $271,697 $327,769 $371,785 $422,940 $470,040 $540,975 $625,400 $741,808 $871,000 $960,000 $0 $1,500,000
$194,000 $240,467 $269,105 $323,374 $368,418 $408,077 $457,903 $525,292 $620,970 $762,954 $889,720 $975,000 $0 $1,500,000
93 102 101 102 101 104 103 103 101 97 98 98 0 100
$204,000 $240,467 $269,105 $324,943 $370,488 $409,461 $460,345 $530,458 $622,560 $780,654 $913,580 $975,000 $0 $1,500,000
88 102 101 101 101 104 103 103 101 95 96 98 0 100
219
38
$447,201
$441,057
102
$444,547
101
Source: MLSPIN, as of 01/22/2016
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Watertown Statistics Multifamily Homes Average Sale Price - Number of Units in Building - 2015
2 Units 3 Units
Range $460,000 - $901,000 $668,000 - $852,225
Number of Listing Sold 50 5
Days on the Market 37 16
Average Sale Price $ 655,576 $ 738,045
Historical Average Sale Price - Past 10 Years % Change
Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
-6.435% -5.467% -7.878% 2.371% 1.307% 6.842% 11.870% 9.727% 3.463%
Number of Listing Sold 76 53 60 43 40 69 60 73 69 55
Days on the Market 64 71 120 75 40 89 43 28 42 35
Average Sale Price $ 578,274 $ 541,062 $ 511,481 $ 471,184 $ 482,358 $ 488,664 $ 522,097 $ 584,070 $ 640,880 $ 663,073 $640,880 $663,073
$578,274 $541,062
2006
2007
$584,070 $511,481
2008
$471,184 $482,358 $488,664
2009
Source: MLSPIN, as of 01/22/2016
2010
2011
$522,097
2012
2013
2014
2015
Market statistics
Total Sold - Watertown, MA Multifamily Homes, 1/1/2015 - 12/31/2015
# of
Price Range $450,000 - $499,999 $500,000 - $599,999 $600,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999
Total Properties
Avg. Days on Listings Market
Average
Average
SP:LP
Average
SP:OP
Sale Price
List Price
Ratio
Orig Price
Ratio
2 10 23 13 6 1
84 25 38 40 16 17
$463,775 $550,175 $633,087 $735,423 $836,204 $901,000
$484,500 $539,560 $635,926 $763,592 $785,417 $850,000
96 102 100 96 107 106
$574,450 $545,070 $641,056 $765,515 $785,417 $850,000
81 101 99 96 107 106
55
35
$663,073
$663,275
100
$670,147
99
Source: MLSPIN, as of 01/22/2016
SERVICE@DWELL360.Com | 617-299-1854
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