2019 was a consistent year for cape cod real estate with a modest increase in median sales price and most other metrics staying consistent. Cape cod is a wonderful place to invest in property if youre interested in becoming a landlord or even just having your own place to stay during a trip to this beautiful part of new england.
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So heres what you need to know about trends in real estate on cape cod as we enter 2019.
Cape cod housing market 2019. West yarmouth the cape cod islands association of realtors is reporting a consistent 2019 for the local real estate market. The sp 500 has risen 18 year to date ended 630 extending the decade long bull market. As a reminder cape cod 5 will never contact you via phone email or text requesting.
Presenting part of the cape cod commissions housing study. Market review q4 2018 market review q1 2019 market review second quarter 2019. Sun dec 8 2019 dec 8.
To protect yourself do not rely on your caller id for verification. Buoyed by the prospect of renewed federal reserve support the stock market overcame escalating trade tensions to end the second quarter at record highs. Marking a full year of monthly increases in pending sales and providing a glimpse of where the 2019 market is.
Cape cod islands. Market headed in a worse direction. Recent history before the most recent real estate crash that affected nearly all us markets the cape cod real estate market as a whole had peaked somewhere around the summer of 2006.
Of course there are some aspects about the market youll want to know before you make such a purchase. According to preliminary data released last week by the cape cod islands association of realtors cciaor 519 homes sold in june 417 single family homes and 102 condominiums. Whether youre thinking of buying or selling a home on cape cod this year its important to understand the overall cape cod real estate market to help you prepare for and negotiate your own transaction.
June 2019 cape cod real estate market statistics july 18 2019 research data cciaor data and research. Interestingly 2019 saw a similar sales volume to 2018 but with 17 lower inventory. There have been recent incidents of fraudsters attempting to manipulate a customers caller id into reading that the call is coming from a cape cod 5 telephone numberthis is a nationwide problem known as spoofing.
Cape cod average sales price december 2019 622650 january 2020 571692 8 decrease average days on market december 2019 121 january 2020 116 4 decrease average sale price per. Confidence wanes in massachusetts housing market. According to preliminary data released by the organization the median sale price increased by 25 percent from 2018 to 410000.
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