Truro Real Estate Sales 2008: The Year in Review

By
Real Estate Agent with Atlantic Bay | Sotheby's International Realty

Following is a review of Truro’s final sales figures from MLS along with a comparative analysis of this year in relation to the prior two years.   Our data comes from the Multiple Listing Service and does not include private sales.  The vast majority of sales that occur in this market are MLS sales.

There were 74 properties sold in Truro in 2008 with a total sales volume of $42,903,850. 
There were 61 properties sold in Truro in 2007 with a total sales volume of $36,974,833.
There were 56 properties sold in Truro in 2006 with a total sales volume of $37,325,075.

Table 1:  Number of Properties sold with Median Sale prices. 
The median reflects the sales price that is exactly in the middle of all the figures for that category.  For example, if 26 properties sold, 13 were priced above the median, and 13 were priced below the median


2008
# Properties Sold/Median Price

2007
# Properties Sold/Median Price   

2006
# Properties Sold/Median Price

Single Family

44 / $605,400

33 / $587,500

30 / $731,000

Income/Multi Family

----

1 / $600,000

----

Lots and Land

7 / $640,000

5 / $360,000

6 / $340,500

Comm/Indust/Bus

----

1 / $4,525,000

----

Condominium

23 / $219,000

21 / $239,000

19 / $154,000

Hotel/Motel

----

----

1 / $2,800,000

TOTAL

74 Properties Sold

61 Properties Sold

56 Properties Sold

Table 2:  Average Days on Market of Sold Properties


2008

2007

2006

Single Family

251

185

234

Income/Multi Family

---

58

---

Lots and Land

531

328

311

Comm/Indust/Bus

---

589

---

Condominium

171

203

177

Hotel/Motel

---

---

52

Table 3: Percentage of Sale Price to List Price


2008

2007

2006

Single Family

90%

93%

91%

Income/Multi Family

----

100%

----

Lots and Land

90%

93%

95%

Comm/Indust/Bus

----

70%

----

Condominium

92%

92%

95%

Hotel/Motel

----

---

93%

Highs and Lows

The lowest priced condominium property to sell this year was a unit located at 82 Shore Road which sold for $126,000. The unit, located at Salt Air Condominiums, is seasonal and has 806 SF. The lowest priced single family was located at 9 Highland Road and sold for $360,000.  It is a 3BR/2BA home with approximately 1500 SF and an in-ground pool.

The highest priced condominium to sell was a seasonal cottage located at Roseville Condo on Corn Hill Beach.  The 820 SF cottage with 3BR/1BA sold for $425,000.  The highest priced single family home to sell was a contemporary home located high on a bluff at 20 Great Hills Road.  The property consists of 4 BR, 3.5 BA, with 4650 SF and has panoramic water views.

 

View Listings

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Massachusetts Barnstable County Truro
Tags:
truro sales 2008
truro real estate
truro real estate market report
truro real estate broker

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
7,653

Emily Flax

Ask me a question
*
*
*
*

Additional Information