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.
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 |