Friday, January 12, 2007

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)

Click here to check for updates to Cape Cod Real Estate.

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