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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 November 2021 versus October 2021:
The Number of SOLD listings decreased by 5% to 347 properties with a top sale of $12 million at 333-359 Seapuit Road in Osterville.
The Average Sales Price decreased by 19% to $881000 moving the Average Price Per Square Foot up to $634 per square foot.
The inventory of properties available for sale as measured in months supply decreased by 17% to 2.12 months worth of properties for sale.
The average 30 year fixed mortgage rate had no change with to 3.24% 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
October 2021 – $1087611
November 2021 – $880763
19% down
Average Days On Market
October 2021 – 30
November 2021 – 25
17% down
Average Sale Price Per Square Foot
October 2021 – $502.98
November 2021 – $633.75
26% up
Sale to List Price Ratio
October 2021 – 98.52%
November 2021 – 99.41%
1% up
Number of Sold Listings
October 2021 – 367
November 2021 – 347
5% down
Months Supply of Inventory
October 2021 – 2.56
November 2021 – 2.12
17% down
Mortgage Rate
October 2021 – 3.24%
November 2021 – 3.24%
0% no change
Top 10 Sales
- $12000000 333-359 Seapuit Road Osterville, MA
- $5500000 1440 Chequessett Neck Road Wellfleet, MA
- $4250000 210 Fox Hill Road Chatham, MA
- $3740000 41 Saints Landing Brewster, MA
- $3675000 237 Crocker Lane Brewster, MA
- $3550000 313 Bridge Street Osterville, MA
- $3400000 39 Island Avenue Hyannis Port, MA
- $3375000 21 Buena Vista Road Chatham, MA
- $2550000 405 Baxters Neck Road Marstons Mills, MA
- $2500000 53 Wianno Circle Osterville, MA
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