On Cape Cod, Massachusetts, in the first three quarters of 2017, the inventory of high-end listings decreased by 9% to 229 listings compared to 253 last year and the record of 283 listings in 2015. On average since 2008 there have been 200 listings at the end of the third quarter.
Record number of sales (69) in the first three quarters of 2017, up 1% from last years record of 68 sales. On average since 2008 there have been 48 sales at the end of the third quarter.
Property: 26 Neel Road Town: Harwich Port Selling price: $14,000,000
Waterfront property with two parcels on 6.4 acres and 616 ft of sandy beach. House and carriage house with potential for an additional residence. Per MLS, second highest sale ever on Cape Cod.
Days on market for high-end sales increased significantly to 405 from 305 last year and are above the average from 2008-2017 of 298.
In the first three quarters of 2017, 14 of the 15 towns on Cape Cod had sales at the $2,000,000+ level. Barnstable leads with a repeat of last years record 18 sales, of which 10 were in Osterville, followed by 8 sales in Chatham vs 16 last year and 8 in Falmouth. Provincetown has been active this year with 7 sales vs 2 last year.
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For additional information about LandVests brokerage, real estate consulting, and appraisal services, please contact:
Stewart Young | syoung@landvest.com | 617-359-8930 or Jamie Crowley | jcrowley@landvest.com | 508-982-4029
Click here to to see available Cape Cod Real Estate listings.
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