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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 February 2022 versus January 2022:
The Number of SOLD listings decreased by 36% to 165 properties with a top sale of $4.6 million at 125 Seaview Street in Chatham.
The Average Sales Price decreased by 3% to $877000 moving the Average Price Per Square Foot up to $468 per square foot.
The inventory of properties available for sale as measured in months supply increased by 36% to 2.7 months worth of properties for sale.
The average 30 year fixed mortgage rate increased to 4.08% according to Bank Rate.com
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Cape Cod
Average Sales Price
January 2022 – $903268
February 2022 – $877173
3% down
Average Days On Market
January 2022 – 34
February 2022 – 35
3% up
Average Sale Price Per Square Foot
January 2022 – $454.72
February 2022 – $468.3
3% up
Sale to List Price Ratio
January 2022 – 98.50%
February 2022 – 99.38%
1% up
Number of Sold Listings
January 2022 – 258
February 2022 – 165
36% down
Months Supply of Inventory
January 2022 – 1.98
February 2022 – 2.7
36% up
Mortgage Rate
January 2022 – 3.71%
February 2022 – 4.08%
10% up
Top 10 Sales
- $4600000 125 Seaview Street Chatham, MA
- $3895000 151 Deep Hole Road Chatham, MA
- $3850000 23 Grandview Drive Orleans, MA
- $3150000 124 Seapit Road Falmouth, MA
- $3000000 10 Howard Way Orleans, MA
- $2875000 38 Bay Street Barnstable, MA
- $2750000 185 Willowbend Drive Mashpee, MA
- $2655000 86 Queen Anne Road Chatham, MA
- $2400000 26 Grayton Avenue Barnstable, MA
- $2300000 157 Monomoscoy Road Mashpee, MA
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