Cape Cod Real Estate Market Watch
Download PDF Version of Cape Cod Real Estate Market Watch, 1st Quarter 2017
Volume 10, Issue 1 | 1st Quarter 2017

Market Watch Recent Trends

Cape Cod Real Estate Market Watch, 1st Quarter 2017


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!

Cape Cod Photo
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
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, 1st Quarter 2017

Download Kinlin Grover Market Watch