See photos and updates from listings directly in your feed
Share your favorite listings with friends and family
Save your search and get new listings directly in your mailbox before everybody else
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 December 2023 vs January 2024:
The Number of SOLD listings decreased 26% to 144 properties with a top sale of $11.5 million at 61 Fox Island in Barnstable.
The Average Sales Price decreased 3% to $1.02 million and the Average Price Per Square Foot decreased 5% to $504.
The inventory of properties available for sale as measured in months supply increased by 22% to 4.02 months worth of properties for sale.
The average 30-year fixed mortgage rate decreased 1% with an average rate of 6.84% 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
December 2023 – $1054730
January 2024 – $1020349
3% down
Average Days On Market
December 2023 – 44
January 2024 – 50
14% up
Average Sale Price Per Square Foot
December 2023 – $530.23
January 2024 – $504.25
5% down
Median Sales Price
December 2023 – $730500
January 2024 – $702500
4% down
Number of Sold Listings
December 2023 – 194
January 2024 – 144
26% down
Months Supply of Inventory
December 2023 – 3.31
January 2024 – 4.02
22% up
Mortgage Rate
December 2023 – 6.90%
January 2024 – 6.84%
1% down
Top 10 Sales
- $11500000 61 Fox Island Road Barnstable, MA
- $10250000 160 Peppercorn Lane Barnstable, MA
- $4000000 103 Long Beach Road Barnstable, MA
- $3900000 103 Summerhill Lane Chatham, MA
- $3750000 48 Strong Island Road Chatham, MA
- $2650000 201 Smoke Valley Road Barnstable, MA
- $2550000 71 Oliver Snow Road Harwich, MA
- $2500000 605 Commercial Street Provincetown, MA
- $2100000 192 Mistic Drive Barnstable, MA
- $2000000 6 Chickadee Lane Truro, MA
GRAB OUR FREE COURSES
➡ 6 Steps To Home Buyer Success – http://griffinbuyercourse.com
➡ 7 Steps To Home Seller Plan – http://griffinsellercourse.com
➡ 8 Steps To Agent Success – http://griffinagentcourse.com
