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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 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
- $13750000 198 & 227 Bridge Street Barnstable, MA
- $9300000 39 Point Road Falmouth, MA
- $8650000 249 Seapuit Road Barnstable, MA
- $7275000 500 Shore Road Chatham, MA
- $6000000 156 Associates Road Falmouth, MA
- $5800000 58 Whistler Lane Chatham, MA
- $5775000 47 & 53 Little Beach Road Chatham, MA
- $5495000 30 Twinings Lane Orleans, MA
- $5450000 28 Drift Road Falmouth, MA
- $5350000 14 Captain Doane Way Dennis, MA
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