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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 2023 versus March 2023:
The Number of SOLD listings had no change of 208 properties with a top sale of $9.2 million at 63 Shell Drive in Chatham.
The Average Sales Price increased 4% to $1.03 million and the Average Price Per Square Foot had no change of $501.
The inventory of properties available for sale as measured in months supply increased by 8% to 3.23 months worth of properties for sale.
The average 30-year fixed mortgage rate had no change with an average rate of 6.48% according to Bank Rate.com
If you’re thinking about buying or selling residential real estate now or in the near future, it’s important to seek the guidance and advice of a professional real estate agent.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Cape Cod
Average Sales Price
March 2023 – $991565
April 2023 – $1031863
4% up
Average Days On Market
March 2023 – 53
April 2023 – 47
11% down
Average Sale Price Per Square Foot
March 2023 – $500.95
April 2023 – $501.44
0% no change
Sale to List Price Ratio
March 2023 – 97.11%
April 2023 – 98.78%
2% up
Number of Sold Listings
March 2023 – 207
April 2023 – 208
0% no change
Months Supply of Inventory
March 2023 – 2.98
April 2023 – 3.23
8% up
Mortgage Rate
March 2023 – 6.48%
April 2023 – 6.48%
0% no change
Top 10 Sales
- $9200000 63 Shell Drive Chatham, MA
- $5995000 72 Sea Mist Lane Chatham, MA
- $5000000 84 Doane Road Chatham, MA
- $3600000 68 Waterside Drive Falmouth, MA
- $3300000 48 Salt Marsh Way Chatham, MA
- $2900000 97 Beach Street Falmouth, MA
- $2735000 224 County Road Falmouth, MA
- $2625000 96 Hunter Rise Chatham, MA
- $2450000 23 John Gilpin Lane Chatham, MA
- $2300000 27 Creek Road Provincetown, MA
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