rate or flag this pagehttp://hubpages.com/t/1ee9ea">Tweet thisWaltham Massachusetts Real Estate Market Report for Q3 2010
50By fdoleac
Waltham Homes and Condos Sold Activity
The Waltham MA Q3 real estate activity indicates a dramatic change in the trend as compared to the Q2 reports. The second quarter 2010 activity reported increases in single family homes, condominiums and average sales prices over 2009 statistics. In Q3, home values declined sharply and condominium sales came to a near standstill.
The third quarter reports are sales that took place in the summer months which is a slower cycle for transactions. The alarming statistics are the transaction counts with prices heading lower. The market did not respond to low interest rates and affordable values which indicates the housing recession may go deeper.
Waltham MA real estate market report Q2 2010 report is a good reference for comparing changes in market conditions.
Homes Sold
Single Family Home Sales
The Waltham, MA real estate market ndicates that there were 75 homes sold in 2010 as compared to 72 in 2009. This represents a 4% increase in the number of homes sold as compared to 2009. The average sales price changed from $427,226 in 2009 to $391,773 in 2010, a 8% decrease in value. The days on market changed 7 % from 72 to 77.
The Q2 report showed and average sales price of $430,794 which increased from $408,495. Transactions in Q2 were up over 50% to 2009 stats increasing from 61 to 94.
Waltham MA Average Sales Prices
Condo Units Sold
Condominium Sales
The Waltham, MA condominium market data indicates that there were 50 condos sold in 2010 as compared to 114 in 2009. This represents a 56% decrease in the number of condos sold. The average sales price changed from $324161 in 2009 to $320468 in 2010, a 1% decrease in value. The days on market changed 26 % from 73 to 92.
The condominium market continues to struggle as financing difficulties and the flood of foreclosures impact the market. In the second quarter sales increased as did values which was primarily due to the tax credit incentives. Third quarter stats are more reflective of true market conditions which fewer transactions with declining prices.
Data for the Waltham, MA real estate report was compiled by Virtual Homes Real Estate using information from the MA statewide MLS and is not guaranteed to be accurate.
Waltham Condo Values
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Tuesday, January 11, 2011
Waltham Massachusetts Real Estate Market Report for Q3 2010
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