Cape Cod MARKET WATCH - Kinlin Grover Real Estate

Cape Cod MARKET WATCH - Kinlin Grover Real Estate

Cape Cod
MARKET WATCH
Volume 9, Issue 6 | First Quarter 2016
Market Watch Recent Trends
Market Watch Report for Cape Cod, First Quarter 2016
Spring has arrived on Cape Cod, and while the weather
warms up, so does the real estate market. Sales volume on
The Cape is up 10% while business at Kinlin Grover is up
14%. Cape-wide, condominium sales volume is up 17%
while commercial and land sales are up a robust 38% yearover-year. Meanwhile, the average sales price for homes on
Cape Cod is down slightly to $500,000 while condominium prices remain unchanged at $320,000. This trend is
unlikely to continue as the strong activity across The Cape
indicates that prices should edge higher as we move further
into the selling season.
All Kinlin Grover Sales
2015 2016
% Change
Cape Cod Single Family Sales
2015 2016
% Change
Sales 202
234
+ 14.0
Sales 636 710
+ 10.0
Average Sale Price $503,728
$448,870
- 11.0
Average Sale Price $509,948 $499,542
- 2.0
Median Sale Price
$385,000
$352,500
- 8.0
Median Sale Price
$364,500
$341,250
- 6.0
Days On Market 161 148
- 8.0
Days On Market 158
160
+ 1.0
CC High End Single Family
2015 2016
% Change
Commercial and Land
2015 2016
% Change
Sales 86
87
Sales 48 78
+ 38.0
Average Sale Price $1,464,834 $1,536,942 + 5.0
Average Sale Price $435,542 $352,769
- 19.0
Median Sale Price
$1,095,000 $1,100,000
n/c
Median Sale Price
$303,140
$257,110
- 15.0
Days On Market 190 280
+ 32.0
Days On Market 310
266
+ 2.1
Cape Cod Condominiums
2015 2016
% Change
Residential Sales Distribution
2015 2016
% Change
Sales 155
187
+ 17.0
Under $350,000 399
486
+ 18.0
Average Sale Price $320,635 $319,869
350,000 – 499,999 192
192
n/c
Median Sale Price
$270,000
$261,000
- 3.0
500,000 – 749,999
107
121
+ 12.0
Days On Market 167 152
- 3.0
750,000- 999,999 41
42
+ 2.0
$1 Million+ 49
54
+ 9.0
1.0
n/c
Source: Cape Cod & Islands Multiple Listing Service, Inc.
| Editor: Brian Johnson |
Cape Cod
MARKET WATCH
Volume 9, Issue 6 | First Quarter, 2016
Provincetown
$525,000 (49) +37
Median Sale Price and number of
sales with percentage change in
Median Sale Price from 2015.
Truro
500,000 (13) -23
Wellfleet
575,000 (15) +53
Barnstable Village 418,500 (16) -16.0
Centerville 285,000 (43) +28.0
Eastham
Cotuit 500,000 (9) -25.0
391,250 (22) +7
Hyannis 231,250 (42) +7.0
Hyannis Port 1,060,000 (3) n/c
Orleans
413,000 (36) +19
Marstons Mills 319,000 (27) +48.0
Osterville 525,000 (19) +63.0
Brewster
368,750 (48) -8
Barnstable County (single family,
condominiums and multi-family)
Through first quarter 2016.
Sandwich
328,000 (84) +49
Bourne
320,000 (50) +28
Barnstable
Yarmouth
269,000 (113) +19
Falmouth
344,000 (105) -2
Chatham
720,000 (35) -20
Dennis
280,000 (65) +???
Harwich
323,000 (47) -19
300
140
Total Sales in $Millions
120
Total Sales in Units
250
100
200
80
150
60
100
40
50
20
0
Source: Cape Cod & Islands Multiple Listing Service, Inc.
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