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