Cape Cod Real Estate Market Watch
Download PDF Version of Cape Cod Real Estate Market Watch, 3rd Quarter 2016
Volume 9, Issue 8 | 3rd Quarter 2016

Market Watch Recent Trends

Cape Cod Real Estate Market Watch, 3rd Quarter 2016


Readers of Market Watch will remember that the last issue predicted an increase in median sale price was imminent - and the data from the previous quarter shows this forecast to be true. The increase in number of sales has continued, inventories have dropped again, and finally economics has returned to normal. As a result, prices have started rising. Sales of homes in all price categories show a healthy increase, but of particular note is the increase of 12.7% in the $350,000 - $499,999 category and the 23.3% increase in the $1M+ category. Also of interest is the 15.8% average sale price increase in commercial and land - perhaps an indicator of a strengthening Cape Cod economy.

Cape Cod Photo
All Kinlin Grover Sales 2015 2016 % Change
Sales 906 1012 + 10.5
Average Sale Price $464,393 $481,967 + 3.6
Median Sale Price $365,000 $380,000 + 3.9
Days On Market 145 141 - 2.7
Cape Cod High-End
Single Family
2015 2016 % Change
Sales 214 279 + 23.3
Average Sale Price $1,904,448 $1,848,307 - 2.9
Median Sale Price $1,500,000 $1,420,000 - 5.3
Days On Market 214 224 + 4.5
Cape Cod Condominiums 2015 2016 % Change
Sales 766 758 - 2.3
Average Sale Price $305,617 $327,317 + 6.6
Median Sale Price $257,250 $271,500 + 5.2
Days On Market 138 147 + 6.1
Cape Cod Single
Family Sales
2015 2016 % Change
Sales 2866 3212 + 10.8
Average Sale Price $508,804 $517,819 + 1.7
Median Sale Price $365,000 $370,000 + 1.4
Days On Market 134 132 - 1.5
Commercial and Land 2015 2016 % Change
Sales 275 287 + 4.2
Average Sale Price $374,924 $445,290 + 15.8
Median Sale Price $275,500 $258,510 - 6.2
Days On Market 276 261 - 5.4
Residential Sales
Distribution
2015 2016 % Change
Under $350,000 1854 1939 + 4.4
$350,000 - $499,999 906 1038 + 12.6
$500,000 - $749,999 527 586 + 10.1
$750,000 - $999,999 181 186 + 2.7
$1 Million+ 214 279 + 23.3
Map

Source: Cape Cod & Islands Multiple Listing Service, Inc. | Editor: Brian Johnson | Assistant Editor: Annette Seppal

Download PDF Version of Cape Cod Real Estate Market Watch, 3rd Quarter 2016

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