At the end of the third quarter of 2018, the inventory of high-end listings increased slightly to 231 listings compared to 229 last year and the record of 283 listings in 2015. On average, since 2009 there have been 245 listings at the end of the third quarter.
Sales were at record numbers at the end of third quarter, 83, up 20% from last year's record of 69 sales. On average, since 2009 there have been 56 sales at the end of the third quarter. 
Property: 251 Seapuit Road Town: Osterville Selling price: $11,250,000 St Marys Island, a unique private 5-acre island connected by a causeway to the mainland. The Norman-style residence has nearly 9,000 square feet of living space plus a one-bed cottage and a deep-water dock. Originally priced at $18,500,000, the property sold in 168 days.
Source: MLS
Days on market for high-end sales decreased significantly to 317 from 405 last year and are below the average from 2009-2018 of 382. The range is remarkably wide with sales occurring from 1 day to more than 2 years. 
At the end of the third quarter of 2018, 14 of the 15 towns on Cape Cod had sales at the $2,000,000+ level. Barnstable and Chatham are the leaders, tied with 19 sales. Barnstable has a 10-year average of 15 sales while Chatham has 13. Falmouth followed with 13 sales and a 10-year average of 7. All of the other towns are in the single digits.
[gallery size="medium" link="file" ids="125893,126303,131183"]
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.
To landvest.com .jpg)
Follow Us on Social Media