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 |
2007 |
2006 |
|
|
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.
Comments(0)