«
»

 

Cape Cod Real Estate Market Insights (September 16, 2009)

Mid-Cape home values and sales continued to decline as opportunities increase for Buyers in this market.  Condos remain hardest hit by the economic environment with a 29% YTD decline in sales volume.  The market segments for $1,000,000 improved dramatically as sales doubled over June.

  Unit Sales (YTD)                   Median Price (YTD)
  2008 2009 % Change   2008 2009 % Change
Dennis              
Single Family 143 113 -21%   $325,000 $290,000 -11%
Condo 59 26 -56%   $135,000 $148,500 10%
Days on Market 126 114 -10%        
% Meet Selling Price 93 94 1%        
               
Yarmouth              
Single Family 259 197 -24%   $270,000 $245,000 -9%
Condo 52 51 -2%   $246,250 $180,000 -27%
Days on Market 101 149 48%        
% Meet Selling Price 92 93 1%        
               
Brewster              
Single Family 85 67 -21%   $370,000 $350,000 -5%
Condo 36 28 -22%   $240,000 $232,500 -3%
Days on Market 118 179 52%        
% Meet Selling Price 94 91 -3%        
               
Harwich              
Single Family 134 112 -16%   $364,650 $325,500 -11%
Condo 10 15 50%   $197,445 $160,000 -19%
Days on Market 156 137 -12%        
% Meet Selling Price 94 93 -1%        
               
Orleans              
Single Family 62 43 -31%   $526,500 $468,000 -11%
Condo 27 16 -41%   $225,000 $234,500 4%
Days on Market 157 133 -15%        
% Meet Selling Price 95 92 -3%        
               
Barnstable              
Single Family 328 278 -15%   $402,500 $334,300 -17%
Condo 1 2 100%   $225,500 $122,000 -46%
Days on Market 157 133 -15%        
% Meet Selling Price 95 92 -3%        
               
Cape Cod              
Single Family 1965 1646 -16%   $337,000 $305,000 -9%
Condo 547 389 -29%   $245,000 $222,500 -9%
Days on Market 143 154 8%        
% Meet Selling Price 93 92 -1%        

This entry was posted on Monday, September 21st, 2009 at 3:30 pm and is filed under Cape Cod Real Estate, Market Insights. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply