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Real Estate Market Update | Cape Cod | October 2021 Vs September 2021

Real Estate Market Update | Cape Cod | October 2021 Vs September 2021
November 4, 2021 By: Category: Real Estate Market Update

Real Estate Market Update | Cape Cod | October 2021 Vs September 2021

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 October 2021 versus September 2021:

The Number of SOLD listings decreased by 14% to 362 properties with a top sale of $19 million at 10,20,21 Scallop Path in Barnstable.

The Average Sales Price increased by 30% to $1.09 million moving the Average Price Per Square Foot up to $503 per square foot.

The inventory of properties available for sale as measured in months supply increased by 2% to 2.5 months worth of properties for sale.

The average 30 years fixed mortgage rate increased 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
September 2021 – $836841
October 2021 – $1086545
30% up

Average Days On Market
September 2021 – 25
October 2021 – 29
16% up

Average Sale Price Per Square Foot
September 2021 – $454.52
October 2021 – $503.42
11% up

Sale to List Price Ratio
September 2021 – 100.72%
October 2021 – 98.51%
2% down

Number of Sold Listings
September 2021 – 420
October 2021 – 362
14% down

Months Supply of Inventory
September 2021 – 2.46
October 2021 – 2.5
2% up

Mortgage Rate
September 2021 – 3.17%
October 2021 – 3.24%
2% up

Top 10 Sales

  1. $19000000 10,20,21 Scallop Path Barnstable, MA
  2. $15000000 0 Stage Neck Road Chatham, MA
  3. $12000000 80 Quasson Road Chatham, MA
  4. $12000000 162 Shore Road Chatham, MA
  5. $8249000 498 Shore Road Chatham, MA
  6. $6150000 183 Bay Street Barnstable, MA
  7. $6000000 47 Strandway Harwich, MA
  8. $5625000 92 North Bay Road Barnstable, MA
  9. $5500000 10 Nashawena Street Falmouth, MA
  10. $5400000 46 Pleasant Street Yarmouth, MA

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