Please note that changes were made to Market Watch. Residential property information is separated out into single family and condo. Also the median price (mid-point) was added which is often a better indicator of assessing market conditions than the average price which can be skewed by a few large priced sales.
While the number of sales has dropped over 2013 YTD, the average and median prices are increasing. The market is active demonstrated by the drop of "Days on Market". Pending sales are up by 3.5% and inventory is up over last year by 5%. Gallup poll results indicate that all age groups believe that real estate is the best long term investment.
| All Kinlin Grover Sales | 2013 | 2014 | % Change |
|---|---|---|---|
| Sales | 738 | 705 | -4.4 |
| Average Sale Price | $440,300 | $452,100 | +2.8 |
| Median Sale Price | $350,500 | $365,000 | +4.1 |
| Days On Market | 201 | 184 | -8.5 |
| Active Listings | 653 | 733 | +12.3 |
| Cape Cod High-End Single Family |
2013 | 2014 | % Change |
|---|---|---|---|
| Sales | 120 | 139 | +15.8 |
| Average Sale Price | $1,915,500 | $1,960,300 | +2.3 |
| Median Sale Price | $1,383,800 | $1,475,000 | +6.6 |
| Days On Market | 358 | 342 | -4.4 |
| Active Listings | 615 | 617 | Same |
| Cape Cod Condominiums | 2013 | 2014 | % Change |
|---|---|---|---|
| Sales | 427 | 420 | -1.6 |
| Average Sale Price | $257,200 | $299,100 | +16.3 |
| Median Sale Price | $230,000 | $248,500 | +8.0 |
| Days On Market | 221 | 187 | -15.4 |
| Active Listings | 653 | 666 | +2.0 |
| Cape Cod Single Family Sales |
2013 | 2014 | % Change |
|---|---|---|---|
| Sales | 1804 | 1685 | -6.6 |
| Average Sale Price | $480,200 | $516,500 | +7.6 |
| Median Sale Price | $345,000 | $355,000 | +2.6 |
| Days On Market | 189 | 185 | +2.6 |
| Active Listings | 2874 | 2980 | +3.7 |
| Commercial and Land | 2013 | 2014 | % Change |
|---|---|---|---|
| Sales | 146 | 151 | +1 |
| Average Sale Price | $369,700 | $366,500 | -1 |
| Median Sale Price | $240,000 | $235,000 | -2 |
| Days On Market | 297 | 334 | +12.4 |
| Active Listings | N/A | 923 | N/A |
| Residential Sales Distribution |
2013 | 2014 | % Change |
|---|---|---|---|
| Under $350,000 | 1257 | 1107 | -12 |
| $350,000 - $499,999 | 484 | 515 | +6 |
| $500,000 - $749,999 | 266 | 241 | -9.4 |
| $750,000 - $999,999 | 102 | 108 | +6 |
| $1 Million+ | 122 | 144 | +18 |
