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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 Q3 2021 versus Q3 2020:
The Number of SOLD listings decreased by 32% to 1134 properties with a top sale of $11 million at 47 Sea View Avenue in Barnstable.
The Average Sales Price increased by 10% to $837000 moving the Average Price Per Square Foot up to $449 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 6% to 1.67 months worth of properties for sale.
The average 30 year fixed mortgage rate increased to 3.17% 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
Q3 2020 – $758499
Q3 2021 – $836950
10% up
Average Days On Market
Q3 2020 – 108
Q3 2021 – 27
75% down
Average Sale Price Per Square Foot
Q3 2020 – $365.86
Q3 2021 – $449.1
23% up
Sale to List Price Ratio
Q3 2020 – 96.64%
Q3 2021 – 100.90%
4% up
Number of Sold Listings
Q3 2020 – 1668
Q3 2021 – 1134
32% down
Months Supply of Inventory
Q3 2020 – 1.78
Q3 2021 – 1.67
6% down
Mortgage Rate
Q3 2020 – 3.05%
Q3 2021 – 3.17%
4% up
Top 10 Sales
- $11000000 47 Sea View Avenue Barnstable, MA
- $10500000 1424 Main Street Barnstable, MA
- $7500000 46 Triton Way Mashpee, MA
- $6750000 93 Old Wharf Road Chatham, MA
- $6250000 21 Railway Bluffs Barnstable, MA
- $5995000 34 Holway Street Chatham, MA
- $5300000 307 Ocean View Avenue Barnstable, MA
- $5300000 20 Fairway Drive Chatham, MA
- $5100000 211 Scudder’s Lane Barnstable, MA
- $5000000 17 Coast Guard Road Truro, MA
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