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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 the Cape Cod & Islands Association of Realtors, the marketplace for Cape Cod residential properties here’s what happened in October 2022 versus September 2022:
Cape Cod
Average Sales Price
September 2022 – $984829
October 2022 – $1010027
3% up
Average Days On Market
September 2022 – 24
October 2022 – 31
29% up
Average Sale Price Per Square Foot
September 2022 – $468.19
October 2022 – $507.25
8% up
Sale to List Price Ratio
September 2022 – 98.66%
October 2022 – 97.69%
1% down
Number of Sold Listings
September 2022 – 337
October 2022 – 233
31% down
Months Supply of Inventory
September 2022 – 2.88
October 2022 – 3.95
37% up
Mortgage Rate
September 2022 – 6.73%
October 2022 – 7.20%
7% up
Top 10 Sales
- $6500000 134 Shore Drive West Mashpee, MA
- $6000000 486 Shore Road Chatham, MA
- $4740000 87 Aunt Nabbys Lane Chatham, MA
- $3875000 39 Homestead Lane Chatham, MA
- $3650000 71 Towhee Lane Orleans, MA
- $3400000 30 Route 6A Yarmouth, MA
- $3200000 10 Safe Harbor Lane Orleans, MA
- $3150000 77 Tide Run Mashpee, MA
- $2995000 25 Prestwick Lane Mashpee, MA
- $2700000 1460 South County Road Barnstable, MA
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