Cape Cod Market Report Q2 2022

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Report on the Cape Cod Real Estate Market

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Intro

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Hi! I’m Bill Silver. I’m a realtor with Cape Cod Associates Real Estate in lovely Harwich Port.

Cape Cod Associates

Harwich Port, MA 508-432-8600

Median Sold Price – Q2 2022

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The data for this report is for: Single Family Homes – in Barnstable County – listed on Cape Cod and Islands MLS. The median sold price in Q2 was $724 thousand dollars, another record high.

Quarter-to-Quarter, the median sold price was UP 11.6% from the $649K in Q1. Year-to-Year, the median sold price was UP 17% from the $619K in Q2 last year.

Cape Cod Associates

Harwich Port, MA 508-432-8600

Median Sold Price History

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Here are the Quarterly Median Sold Prices over the last 4 years. This visual makes it easier to grasp how steeply Cape Cod home prices have gone up in the time of COVID. Since Q1 2020 the median sold price has gone UP 67%. In this century, Q2 Quarter-to Quarter prices were UP in 20 of the 23 years.

Year-to-Year quarterly prices went UP every quarter since 2016. That’s 25 quarters in a row, with an overall price increase of 211%.

Cape Cod Associates

Harwich Port, MA 508-432-8600

# Sales – Q2 2022

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The number of single-family homes sold in Barnstable County in Q2 was 880. Quarter - to - Quarter, Q2 Sales were UP 32% from the 666 sales in Q1.

Year - to - Year, Q2 sales were down 17% from the 1,067 in Q2 last year. The 880 sales in this quarter are the 3 rd lowest Q2 sales in this century.

Cape Cod Associates

Harwich Port, MA 508-432-8600

# Sold History

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Here are the Number of Sales for each Quarter over the last 4 years.

As has happened in every year in recorded history, we again see the Q1 DiP in the number of sales.

Cape Cod Associates

Harwich Port, MA 508-432-8600

Dollar Volume History

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My Here are the Dollar Volume results for each Quarter over the last 4 years. Dollar Volume is the total number of sales dollars for all sales in the quarter. The numbers shown are in Millions. Here are the totals for the four years. Note, this year is only half done.

Cape Cod Associates

Harwich Port, MA 508-432-8600

Dollar Volume and COVID

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Here are the Dollar Volume results for the nine quarters prior to COVID. Again, the numbers shown are in Millions. Here are the Dollar Volume results for the nine quarters since COVID.

Here are the totals for the nine quarters for each time period. Although COVID period sales were only higher by 924, the COVID period dollar volume was higher by $ 2.9 BILLION dollars.

Cape Cod Associates

Harwich Port, MA 508-432-8600

Quick Dips Q2 2022

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These Quick Dip stats apply to properties CLOSED in Q2. The Days On Market stat calculated by CC&I MLS was 6 . The calculated number of days from Listing to Under Contract dates was 8 . When a listing goes PENDING, the listing agent can enter an expected CLOSE date. The median error rate for this field was 0.0 . There were a few way-off dates. Most were exactly on target or just off by a day or two. The % of Year-Round (vs. Seasonal) houses was Year- Round 99% – Seasonal 1%.

A Dual Variable Rate Commission is when a seller and their listing agent agree that if the sale of the house does not involve a buyer agent, then the commission fee will be at a reduced rate. In Q2 the percentage of closed listings with this agreement was 12%.

Q 2 2022 Cape Cod Market Report

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Wishing You

Cape Cod Associates

Harwich Port, MA 508-432-8600

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