Cape Cod Real Estate Market Watch
Download PDF Version of Cape Cod Real Estate Market Watch, 4th Quarter 2016
Volume 10, Issue 1 | 4th Quarter 2016

Market Watch Recent Trends

Cape Cod Real Estate Market Watch, 4th Quarter 2016


Based on the year-end results for the Cape Cod real estate market, early 2017 will most likely be classified as a seller's market. Residential sales are up more than 10% and the average sale price is up 1.5%. Days on market is down 3.7% indicating that demand is outpacing supply. If you are thinking about selling your home on Cape Cod, now is the perfect time. Buyers are active and looking for the right home. Well-priced homes are selling quickly. It is also noteworthy that the sales distribution is trending towards the higher end of the market, which means that buyers are focusing on luxury and near-luxury properties.

Cape Cod Photo
All Kinlin Grover Sales 2015 2016 % Change
Sales 1256 1408 + 10.8
Average Sale Price $463,048 $489,453 + 5.4
Median Sale Price $367,000 $385,000 + 4.5
Days On Market 141 133 - 5.6
Cape Cod High-End
Single Family
2015 2016 % Change
Sales 301 375 + 19.7
Average Sale Price $1,953,919 $1,869,369 - 4.3
Median Sale Price $1,535,000 $1,430,000 - 6.8
Days On Market 217 217 n/c
Cape Cod Condominiums 2015 2016 % Change
Sales 1046 1018 - 2.7
Average Sale Price $313,092 $333,253 + 9.0
Median Sale Price $270,000 $275,000 + 1.8
Days On Market 134 143 + 6.3
Cape Cod Single
Family Sales
2015 2016 % Change
Sales 3943 4406 + 10.5
Average Sale Price $520,480 $527,956 + 1.4
Median Sale Price $369,000 $375,000 + 1.6
Days On Market 134 129 - 3.7
Commercial and Land 2015 2016 % Change
Sales 261 277 + 5.8
Average Sale Price $356,644 $433,949 + 17.7
Median Sale Price $199,900 $217,500 + 8.1
Days On Market 294 294 n/c
Residential Sales
Distribution
2015 2016 % Change
Under $350,000 2938 2583 - 12.1
$350,000 - $499,999 431 392 - 9.1
$500,000 - $749,999 739 818 + 9.7
$750,000 - $999,999 260 270 + 3.7
$1 Million+ 314 289 - 8.0
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, 4th Quarter 2016

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