The big story in the first quarter of 2017 is inventory. Or more specifically, a lack of inventory. The most telling statistic is the days on market for Cape Cod single family sales decreased 30.9% This indicates that homes are selling at a brisk pace and well-priced homes move quickly. Prices are slowly increasing in all categories. The bulk of activity is in the $350 - $499,999 and high end markets, but all price points seem to be in demand. If you are thinking of selling, now is definately the time. If you are looking to buy, don’t hesitate to make an offer on that perfect home, because it might be gone tomorrow!
All Kinlin Grover Sales | 2016 | 2017 | % Change |
---|---|---|---|
Sales | 216 | 243 | + 12.5 |
Average Sale Price | $443,536 | $445,858 | n/c |
Median Sale Price | $334,142 | $348,661 | +4.3 |
Cape Cod High-End Single Family |
2016 | 2017 | % Change |
---|---|---|---|
Sales | 51 | 62 | + 21.6 |
Average Sale Price | $2,020,864 | $1,728,744 | - 14.4 |
Median Sale Price | $1,616,445 | $1,512,127 | - 8.4 |
Cape Cod Condominiums | 2016 | 2017 | % Change |
---|---|---|---|
Sales | 189 | 178 | - 5.8 |
Average Sale Price | $320,503 | $303,063 | - 5.3 |
Median Sale Price | $263,750 | $250,750 | - 4.9 |
Days On Market | 301 | 190 | - 36.8 |
Cape Cod Single Family Sales |
2016 | 2017 | % Change |
---|---|---|---|
Sales | 721 | 804 | + 11.5 |
Average Sale Price | $496,553 | $509,630 | + 2.6 |
Median Sale Price | $352,000 | $374,250 | + 2.6 |
Days On Market | 278 | 192 | - 30.9 |
Commercial and Land | 2016 | 2017 | % Change |
---|---|---|---|
Sales | 57 | 49 | - 14.0 |
Average Sale Price | $252,626 | $236,482 | - 5.5 |
Median Sale Price | $170,000 | $215,000 | + 26.5 |
Days On Market | 257 | 358 | + 39.3 |
Residential Sales Distribution |
2016 | 2017 | % Change |
---|---|---|---|
Under $350,000 | 548 | 518 | - 5.8 |
$350,000 - $499,999 | 208 | 287 | + 38.0 |
$500,000 - $749,999 | 128 | 135 | + 5.5 |
$750,000 - $999,999 | 46 | 53 | + 15.2 |
$1 Million+ | 56 | 65 | + 16.1 |