December Cape Cod Home Sales Rebound

A Yellow Lab

My friend Charlie is a Yellow Labrador Retriever. Today, he and I went to West Dennis Beach for our daily walk. I walk, he runs like the wind. In our 2 mile walk from one end to the other, Charlie will run 10 or more miles. Boundless energy! Feel free to meet us there some morning to see for yourself! It's a great way to start the day.

Cape Cod Real Estate Updates:

December Cape Cod Home Sales Rebound

December may have been the brightest spot in a yearlong slump in real estate sales, according to numbers released yesterday by the Cape Cod & Islands Association of Realtors.

For the first time in a year, the number of single-family homes sold in a month was higher than it had been in the same month in 2005.

A total of 264 homes were sold in December, up more than 5 percent from 251 in December 2005. The average sale value for the month was also up about 2.5 percent, at $575,129 in December, compared with $561,067 in the same month in 2005.

For all of the previous months in 2006, the number of sales was down anywhere from 9 to 37 percent when compared with sales in the same months in 2005.

The number of single-family home sales in all of 2006 was down more than 21 percent compared with 2005.

However, the average sale price for 2006 was up more than 2.5 percent.

A total of 3,307 single-family homes were sold in 2006 compared with 4,189 in 2005. And the average sale price for all of 2006 was $554,632 compared with $540,826 in 2005.

The Realtors track only sales handled through the Cape Cod & Islands Multiple Listing Service.

Statistics released earlier this month by the Barnstable County Registry of Deeds also indicate December was a relatively strong month.

The registry, which tracks all sales on the Cape valued at more than $50,000, reported the number of residential, commercial and other properties sold in December was down by 3.9 percent compared with December 2005.

For the entire year, the number of property sales was down by 22.5 percent at 6,368 in 2006 compared with 8,219 in 2005, according to the registry's numbers. The median sale price for the year was unchanged from 2005 at $365,000, according to the registry.

The median sale price is the midpoint price, meaning half the sales were valued at more than $365,000 and the other half were higher.

Commenting on the registry numbers in a Jan. 2 Cape Cod Times story, real estate brokers and county Register of Deeds John Meade said the December statistics may indicate the slowdown in the market is coming to an end.

Source: Cape Cod Times (1/20/07)

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Cape Cod Real Estate Slump Hits Home Stretch?

Snow in the future on Cape Cod?

Not this weekend. Sixty-eight days to the first day of Spring!

Cape Cod Real Estate Updates:

Cape Cod Real Estate slump hits home stretch?

Property sales on Cape Cod slowed considerably in 2006 compared with 2005, according to statistics released yesterday by the Barnstable County Registry of Deeds. Despite that drop, the registry's numbers offer a hint that the market may be on its way to a rebound, according to local Realtors and county Register of Deeds John Meade.

According to the registry's final sales report for 2006, a total of 6,368 residential and commercial properties were sold, down 22.5 from the 8219 properties sold in 2005. Meanwhile the median sale price for the year showed no change rom 2005, staying put at $365,000 according to the registry.
Source: Cape Cod Times (1/3/07)

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