2014 Market Update Dennis, Cape Cod, MA

By
Real Estate Broker/Owner with RIVER FARM PROPERTIES, LLC BK3341635 - Florida

This is the fourth market update as a service to clients and prospects.  We are providing home sale data across the markets we cover in Plymouth County & Cape Cod.  Today is DENNIS, CAPE COD, MA.  We will compare Q4 2013 vs. the start of the new year through January 2014.  We expect Data to still point to weakness in terms of sales vs. inventory or homes for sale and prices to rise overall through 2014.  Here is a brief recap:

Cape Cod, homes for sale, Dennis

   (Mayflower Beach Dennis, Cape Cod)

 

DENNIS

Closed Sales -  (77 or 26/mo.) Q4 2013  down -65%  January 2014 (9, SFR)

Homes For Sale -      Inventory (576 or 192/mo.) Q4 2013, down -38%  January 2014 (120)

Avg. Sale Price -       ($453,670) Q4 2013  down -18.4%  January 2014 ($370,167)

Avg. Days on Mkt -   Q4 2013 (99)  down 2%  January MTD 2014 (97)

Avg. Discount List Price - Q4 2013 9%   January MTD 2014 11%

Information provided by CC&IMLS & MLS PIN Network data not guaranteed

 

www.RiverFarmProperties.com

 

Comments (2)

Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi John.  Not a great report for Dennis.

Jan 30, 2014 11:57 PM
John F Muscarella
RIVER FARM PROPERTIES, LLC - Venice, FL
Broker/Owner, Venice, FL, Florida's Suncoast

Interesting Conrad in that Dennis' numbers vary from other towns/villages on Cape in terms of Dennis having a drop in home sale prices vs. higher prices generally.  And days on market are down into Jan. when most are up. 

Jan 31, 2014 12:03 AM