With all the hoopla in the news, one would think that every community was overwhelmed with distressed properties. Times have been tough for a lot of people since the financial crisis of 2008, but fortunately there are fighters and survivors. Many Greater Boston area cities and towns escaped the devastation that depressed property values and blighted neighborhoods. In fact, a look at the data for Watertown MA from MLSPIN, the regional multiple listing service, reveals that the numbers were modest for the 12 months ending 4/15/12. From a total of 301 sold properties, only 14 were either short sales or bank owned properties; 2 single family homes, 8 condos and 4 multi-families.That that's a skinny number!
That's good news for Watertown MA Real Estate home owners but maybe not for those looking to "get a deal". For those buyers who want to live in a stable and vibrant community moving to Watertown is a thumbs-up for them!