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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 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
- $19000000 10,20,21 Scallop Path Barnstable, MA
- $15000000 0 Stage Neck Road Chatham, MA
- $12000000 80 Quasson Road Chatham, MA
- $12000000 162 Shore Road Chatham, MA
- $8249000 498 Shore Road Chatham, MA
- $6150000 183 Bay Street Barnstable, MA
- $6000000 47 Strandway Harwich, MA
- $5625000 92 North Bay Road Barnstable, MA
- $5500000 10 Nashawena Street Falmouth, MA
- $5400000 46 Pleasant Street Yarmouth, MA
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