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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 August 2022 versus July 2022:
The Number of SOLD listings had no change with to 287 properties with a top sale of $14 million at 186 Windswept Way in Barnstable.
The Average Sales Price increased by 7% to $987000 moving the Average Price Per Square Foot up to $492 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 5% to 3.1 months worth of properties for sale.
The average 30 year fixed mortgage rate increased to 5.92% according to Bank Rate.com.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market.
Cape Cod
Average Sales Price
July 2022 – $926013
August 2022 – $986998
7% up
Average Days On Market
July 2022 – 24
August 2022 – 22
8% down
Average Sale Price Per Square Foot
July 2022 – $478.48
August 2022 – $492.11
3% up
Sale to List Price Ratio
July 2022 – 101.30%
August 2022 – 99.93%
1% down
Number of Sold Listings
July 2022 – 287
August 2022 – 287
0% no change
Months Supply of Inventory
July 2022 – 3.25
August 2022 – 3.1
5% down
Mortgage Rate
July 2022 – 5.57%
August 2022 – 5.92%
6% up
Top 10 Sales
- $14000000 186 Windswept Way Barnstable, MA
- $8225000 444 Old Harbor Road Chatham, MA
- $5300000 240 & 242 Glenneagle Drive Mashpee, MA
- $4788800 385 Harmes Way Eastham, MA
- $4310000 126 Shore Drive Mashpee, MA
- $3900000 3 Luscombe Lane Dennis, MA
- $3750000 345 Robbins Hill Road Brewster, MA
- $3600000 19 Shore Road Harwich, MA
- $2995000 6 High Wood Way Mashpee, MA
- $2975000 70 Ocean Avenue Barnstable, MA
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