2014 Market Update Sandwich, Cape Cod, MA

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

This is the ninth in a series of ten market updates, a service to clients and prospects.  We are providing home sale data across the markets we cover in Plymouth County & Cape Cod.  Today is SANDWICH, 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, Sandwich MA 

     (Sandy Neck Beach Sandwich, Cape Cod)

 

SANDWICH

Closed Sales -  (64 or 21/mo.) Q4 2013  down  -62%  January 2014 (8, SFR)

Homes For Sale-Inventory -  (524 or 175/mo.) Q4 2013  down  -86%  January 2014 (24)

Avg. Sale Price -                       ($377,300) Q4 2013  up  8%  January 2014 ($407,330)

Avg. Days on Mkt -                   Q4 2013 (128)  down  -21%  January 2014 (101)

Avg. Discount List Price -      Q4 2013 10%   January 2014 4%

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

It's apparent why sales are down John.  You have no inventory.

Feb 04, 2014 07:56 PM
John F Muscarella
RIVER FARM PROPERTIES, LLC - Venice, FL
Broker/Owner, Venice, FL, Florida's Suncoast

I had a conversation with Ken a few weeks ago and the stats at that point had 90% of all listings expiring on Cape.  Mainly due to the fact that the inventory is old and on market too long and for all the wrong reasons.  This along with weather provide some start to 2014! 

Feb 04, 2014 08:10 PM