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      Market Insights (June 18, 2009)

      Opportunities abound with declining prices in every mid-Cape village, Dennis, Yarmouth, Brewster and Harwich, as the chart below descrbes. In many respects, the home values in the summer of 2009 compare closely to summer 2003.

       

       

                        Unit Sales (YTD)                   Median Price (YTD)
        2008 2009    % Change   2008 2009     % Change
      Dennis              
      Single Family 95 74 -22% $332,500 $288,750 -13%
      Condo 29 10 -66% $135,000 $140,000 4%
      Days on Market 100 137 37%  
      % Meet Selling Price 93 94 1%  
                     
      Yarmouth              
      Single Family 157 137 -13% $275,000 $235,000 -15%
      Condo 28 18 -36% $250,000 $195,000 -22%
      Days on Market 176 120 -32%  
      % Meet Selling Price 92 93 1%  
                     
      Brewster              
      Single Family 47 39 -17% $385,000 $350,000 -9%
      Condo 16 9 -44% $239,500 $209,646 -12%
      Days on Market 151 144 -5%  
      % Meet Selling Price 94 91 -3%  
                     
      Harwich              
      Single Family 102 74 -27% $368,400 $336,250 -9%
      Condo 3 8 167% $160,000  
      Days on Market 123 176 43%  
      % Meet Selling Price 94 93 -1%  
               
      Barnstable              
      Single Family 255 233 -9% $402,500 $334,300 -17%
      Condo 1 2 100%  
      Days on Market 129 144 12%  
      % Meet Selling Price 95 92 -3%  
                     
      Cape Cod              
      Single Family 1208 968 -20% $328,800 $283,000 -14%
      Condo 293 160 -45% $317,000 $291,400 -8%
      Days on Market 161 166 3%  
      % Meet Selling Price 93 92 -1%  

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      1. Mr Japanese on

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