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(Prices and inventory current as of May 27, 2022)

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Direct Access To All Multiple
Listings Like Realtors®

(Prices and inventory current as of May 27, 2022)

See Pictures and updates (icon)See photos and updates from listings directly in your feed

Share with you friends (icon)Share your favorite listings with friends and family

Save your search (icon)Save your search and get new listings directly in your mailbox before everybody else

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Real Estate Market Update | Cape Cod | April 2022 Vs March  2022

Real Estate Market Update | Cape Cod | April 2022 Vs March  2022

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 April 2022 versus March  2022: 

The Number of SOLD listings had no change with to 229 properties with a top sale of $13.75 million at 198 & 227 Bridge Street in Barnstable. 

The Average Sales Price increased by 22% to $1.12 million moving the Average  Price Per Square Foot up to $542 per square foot. 

The inventory of properties available for sale as measured in months supply increased by 10% to 2.9 months worth of properties for sale. 

The average 30 year fixed mortgage rate increased to 5.42% according to Bank  Rate.com.

_______________

Cape Cod

Average Sales Price
March 2022 – $922973
April 2022 – $1124728
22% up

Average Days On Market
March 2022 – 36
April 2022 – 40
11% up

Average Sale Price Per Square Foot
March 2022 – $469
April 2022 – $541.93
16% up

Sale to List Price Ratio
March 2022 – 98.64%
April 2022 – 100.59%
2% up

Number of Sold Listings
March 2022 – 229
April 2022 – 229
0% no change

Months Supply of Inventory
March 2022 – 2.62
April 2022 – 2.9
10% up

Mortgage Rate
March 2022 – 4.49%
April 2022 – 5.42%
21% up

Top 10 Sales

  1. $13750000 198 & 227 Bridge Street Barnstable, MA
  2. $8650000 249 Seapuit Road Barnstable, MA
  3. $6000000 156 Associates Road Falmouth, MA
  4. $5450000 28 Drift Road Falmouth, MA
  5. $4400000 40 Seaview Street Chatham, MA
  6. $3975000 63 Head of the Meadow Road Truro, MA
  7. $3500000 28 Triton Way Mashpee, MA
  8. $3400000 28 Luscombe Lane Dennis, MA
  9. $3350000 71 Briar Spring Road Orleans, MA
  10. $2995000 734 Fox Hill Road Chatham, MA

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