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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 August 2021 versus July 2021:
The Number of SOLD listings increased by 1% to 364 properties with a top sale of $11 million at 47 Sea View Avenue in Barnstable.
The Average Sales Price increased by 1% to $841000 moving the Average Price Per Square Foot down to $439 per square foot.
The inventory of properties available for sale as measured in months supply increased by 1% to 2.73 months worth of properties for sale.
The average 30 years fixed mortgage rate had no change with to 3.04% 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
July 2021 – $830682
August 2021 – $840960
1% up
Average Days On Market
July 2021 – 24
August 2021 – 33
38% up
Average Sale Price Per Square Foot
July 2021 – $445.25
August 2021 – $438.8
1% down
Sale to List Price Ratio
July 2021 – 102.24%
August 2021 – 99.93%
2% down
Number of Sold Listings
July 2021 – 360
August 2021 – 364
1% up
Months Supply of Inventory
July 2021 – 2.71
August 2021 – 2.73
1% up
Mortgage Rate
July 2021 – 3.04%
August 2021 – 3.04%
0% no change
Top 10 Sales
- $11000000 47 Sea View Avenue Barnstable, MA
- $7500000 46 Triton Way Mashpee, MA
- $6250000 21 Railway Bluffs Barnstable, MA
- $5995000 34 Holway Street Chatham, MA
- $5000000 17 Coast Guard Road Truro, MA
- $3880500 220 Wading Place Road Mashpee, MA
- $3400000 95 Eel River Road Barnstable, MA
- $3300000 292 Grand Island Drive Barnstable, MA
- $2987448 108 Shore Drive Mashpee, MA
- $2450000 18 Snow Shore Road Orleans, MA
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