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(Prices and inventory current as of Aug 10, 2022)

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Direct Access To All Multiple
Listings Like Realtors®

(Prices and inventory current as of Aug 10, 2022)

See Pictures and updates (icon)See photos and updates from listings directly in your feed

Share with you friends (icon)Share your favorite listings with friends and family

Save your search (icon)Save your search and get new listings directly in your mailbox before everybody else

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Real Estate Market Update | CapeCod | 2022 2nd Quarter Vs 2021 2nd Quarter

Real Estate Market Update | CapeCod | 2022 2nd Quarter Vs 2021 2nd Quarter

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 Q2 2022 versus Q2 2022:

The Number of SOLD listings decreased by 20% to 856 properties with a top sale of $13.75 million at 198 & 227 Bridge Street in Barnstable.

The Average Sales Price increased by 16% to $1.01 million moving the Average Price Per Square Foot up to $499 per square foot.

The inventory of properties available for sale as measured in months supply increased by 9% to 1.87 months worth of properties for sale.

The average 30 year fixed mortgage rate increased to 5.85% according to BankRate.com.

Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.

Cape Cod

Average Sales Price
Q2 2022 – $870701
Q2 2022 – $1009281
16% up

Average Days On Market
Q2 2022 – 40
Q2 2022 – 29
28% down

Average Sale Price Per Square Foot
Q2 2022 – $444.07
Q2 2022 – $499.37
12% up

Sale to List Price Ratio
Q2 2022 – 101.66%
Q2 2022 – 99.96%
2% down

Number of Sold Listings
Q2 2022 – 1067
Q2 2022 – 856
20% down

Months Supply of Inventory
Q2 2022 – 1.72
Q2 2022 – 1.87
9% up

Mortgage Rate
Q2 2022 – 3.16%
Q2 2022 – 5.85%
85% up

Top 10 Sales

  1. $13750000 198 & 227 Bridge Street Barnstable, MA
  2. $9300000 39 Point Road Falmouth, MA
  3. $8650000 249 Seapuit Road Barnstable, MA
  4. $7275000 500 Shore Road Chatham, MA
  5. $6000000 156 Associates Road Falmouth, MA
  6. $5800000 58 Whistler Lane Chatham, MA
  7. $5775000 47 & 53 Little Beach Road Chatham, MA
  8. $5495000 30 Twinings Lane Orleans, MA
  9. $5450000 28 Drift Road Falmouth, MA
  10. $5350000 14 Captain Doane Way Dennis, MA

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