Sales volume and median prices continue to decline on Cape Cod at an identical rate with the Town of Dennis. The trend also shows a 52% reduction in sales of single family homes priced above $1,000,000. The sale of land on Cape Cod has dropped severely with only one (1) sale since April of land priced over $350,000. With these facts in mind, pricing properties to sell needs to respect the changes in the Cape Cod real estate market especially in the mid-Cape area.
Unit Sales (YTD) | Median Price (YTD) | ||||||
2008 | 2009 | % Change | 2008 | 2009 | % Change | ||
Dennis | |||||||
Single Family | 118 | 91 | -23% | $328,000 | $290,000 | -12% | |
Condo | 39 | 16 | -59% | $135,000 | $145,500 | 8% | |
Days on Market | 126 | 114 | -10% | ||||
% Meet Selling Price | 93 | 94 | 1% | ||||
Yarmouth | |||||||
Single Family | 201 | 165 | -18% | $269,000 | $240,000 | -11% | |
Condo | 35 | 30 | -14% | $240,000 | $181,000 | -25% | |
Days on Market | 101 | 149 | 48% | ||||
% Meet Selling Price | 92 | 93 | 1% | ||||
Brewster | |||||||
Single Family | 67 | 52 | -22% | $385,000 | $365,000 | -5% | |
Condo | 26 | 12 | -54% | $245,000 | $227,500 | -7% | |
Days on Market | 118 | 179 | 52% | ||||
% Meet Selling Price | 94 | 91 | -3% | ||||
Harwich | |||||||
Single Family | 121 | 91 | -25% | $365,000 | $324,800 | -11% | |
Condo | 6 | 9 | 50% | $237,500 | $160,000 | ||
Days on Market | 156 | 137 | -12% | ||||
% Meet Selling Price | 94 | 93 | -1% | ||||
Barnstable | |||||||
Single Family | 328 | 278 | -15% | $402,500 | $334,300 | -17% | |
Condo | 1 | 2 | 100% | ||||
Days on Market | 157 | 133 | -15% | ||||
% Meet Selling Price | 95 | 92 | -3% | ||||
Cape Cod | |||||||
Single Family | 1554 | 1210 | -22% | $350,500 | $307,900 | -12% | |
Condo | 346 | 239 | -31% | $317,000 | $291,400 | -8% | |
Days on Market | 143 | 154 | 8% | ||||
% Meet Selling Price | 93 | 92 | -1% |