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Welcome to The Griffin Real Estate Market Update.
If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends.
According to Cape Cod & Islands Association of Realtors, the marketplace for Cape Cod residential properties, here’s what happened in 2021 versus 2020:
The Number of SOLD listings decreased by 15% to 4181 properties with a top sale of $19 million at 10,20,21 Scallop Path in Barnstable.
The Average Sales Price increased by 21% to $877000 moving the Average Price Per Square Foot up to $445 per square foot.
The inventory of properties available for sale as measured in months
supply decreased by 11% to 1.2 months worth of properties for sale.
The average 30 year fixed mortgage rate increased to 3.27% according to Bank Rate.com.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Cape Cod
Average Sales Price
2020 – $724911
2021 – $876787
21% up
Average Days On Market
2020 – 107
2021 – 43
60% down
Average Sale Price Per Square Foot
2020 – $360.12
2021 – $445.01
24% up
Sale to List Price Ratio
2020 – 96.62%
2021 – 99.88%
3% up
Number of Sold Listings
2020 – 4915
2021 – 4181
15% down
Months Supply of Inventory
2020 – 1.34
2021 – 1.2
11% down
Mortgage Rate
2020 – 2.96%
2021 – 3.27%
10% up
Top 10 Sales
- $19000000 10,20,21 Scallop Path Barnstable, MA
- $15000000 300 Stage Neck Road Chatham, MA
- $12000000 333-359 Seapuit Road Barnstable, MA
- $12000000 80 Quasson Road Chatham, MA
- $12000000 162 Shore Road Chatham, MA
- $11000000 47 Sea View Avenue Barnstable, MA
- $10500000 1424 Main Street Barnstable, MA
- $10300000 169-181 South Road Bourne, MA
- $10100000 771 Sea View Avenue Barnstable, MA
- $9850000 230 Cedar Street Chatham, MA
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