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      Cape Cod Real Estate Rebounding for the Season

      Cape Cod Real Estate is rebounding from 3 long years of declining values.  The year-to-date change in Sales Volume of Single Family homes in Dennis and Brewster are leading the way for all of Cape Cod.  Brewster and Harwich are experiencing only slight declines in Median Prices, while Dennis is seeing a surge in Sales Volume to less than a 5% decline.  Cape Cod has shown amazing resilience this year as Sales Volume and Median Prices have dropped under 9%.  We call it a rebound.  You can call it - Opportunity!

       

       

            17-Dec-09        
                     
        Unit Sales (YTD)   Median Price (YTD)
        2008 2009 % Change   2008 2009 % Change
      Dennis              
      Single Family 237 226 -5%   $325,000 $285,000 -12%
      Condo 68 35 -49%   $126,250 $157,500 25%
      Days on Market 126 114 -10%        
      % Meet Selling Price 93 94 1%        
                     
      Yarmouth              
      Single Family 410 342 -17%   $267,900 $255,000 -5%
      Condo 52 51 -2%   $246,250 $180,000 -27%
      Days on Market 101 149 48%        
      % Meet Selling Price 92 93 1%        
                     
      Brewster              
      Single Family 118 117 -1%   $370,000 $355,000 -4%
      Condo 36 28 -22%   $240,000 $232,500 -3%
      Days on Market 118 179 52%        
      % Meet Selling Price 94 91 -3%        
                     
      Harwich              
      Single Family 214 194 -9%   $350,000 $325,500 -7%
      Condo 10 15 50%   $197,445 $160,000 -19%
      Days on Market 156 137 -12%        
      % Meet Selling Price 94 93 -1%        
                     
                     
      Orleans              
      Single Family 88 67 -24%   $537,050 $502,000 -7%
      Condo 27 16 -41%   $225,000 $234,500 4%
      Days on Market 157 133 -15%        
      % Meet Selling Price 95 92 -3%        
      Barnstable              
      Single Family 453 458 1%   $406,250 $375,000 -8%
      Condo 4 7 75%   $225,500 $122,000 -46%
      Days on Market 157 133 -15%        
      % Meet Selling Price 95 92 -3%        
                     
      Cape Cod              
      Single Family 2796 2582 -8%   $350,000 $320,000 -9%
      Condo 654 572 -13% # $230,000 $225,000 -2%
      Days on Market 143 154 8%        
      % Meet Selling Price 93 92 -1%        

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