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December Falmouth Mass Home Sales Stats

By
Real Estate Agent with LBS Realty Group, Inc

Complied 1/2/08

December, 2007

November 2007

December, 2006

Houses sold

               26

37

               38

Lowest price

$152,000

$230,000

$213.000

Highest Price

$1,100,000

$2,050,000

$11,325.000

Average Sale Price

     $497,812     

$547,615

$795,000

Avg. Days On Market

185

121

142

% sale price / list price

93.44

93.29%

94.93%

 

On average, sellers reduced their original list prices by 12% to get their properties sold.

 

Trend to watch: the Cape Cod MLS reports 386 Single Family homes on the market in Falmouth which is down 32% from the high inventory of fall '06 where we had 566 homes on the market.  

 

In Falmouth during December, the Cape Cod MLS reports this activity for single family homes:

35 new listings

37 came under agreement

83 price reductions 

Falmouth Ma Real Estate, Cape Cod Real Estate, Cape Cod Foreclosures For Sale,Cape Cod Watefront Homes for Sale

Show All Comments Sort:
Gary McAdams
GMAC Schwartz Property Sales - Key West, FL
Good data.  Do you see more closed sales in December?  We do in Key West.  The investors need to close for the tax year.  With us both being resort communities I would think we would have similar market trends.
Jan 22, 2008 10:45 PM
Kevin Mikolazyk
LBS Realty Group, Inc - Falmouth, MA
I would agree, investors do try to close by the end of the year.  How is the market in Key West? Is it turning around? 
Jan 22, 2008 10:49 PM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hi Kevin,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

Jan 23, 2008 08:52 AM
Leo Namiot - LeoLends.com
Canopy Mortgage - Leo Namiot - Saint Augustine, FL
More than just great rates

Hello Kevin,

 Welcome to active rain!

Leo Namiot

Benchmark Mortgage

Connecticut Mortgage Lender

http://www.leolends.com/

Jan 23, 2008 02:19 PM
Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog
I just stopped by to welcome you to Active Rain. I hope that you get as much out of it as I have, this is an amazing place. It will give your business a boost for the new year!
Jan 25, 2008 07:37 AM