2019 Q1 Cape Cod Market Results

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Cape Cod Real Estate Market Results Q1 2019

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Cape Cod Associates

© Bill Silver 2019 Realtor®

Cell: 508 - 277 - 1000

Bill@BillSilver.com

Harwich Port, MA 508-432-8600

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© Bill Silver 2018

Cape Cod Real Estate Market Report Q1 2019

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Cape Cod Associates

Hi! I’m Bill Silver. I’m a realtor with Cape Cod Associates Real Estate in lovely downtown Harwich Port. Welcome to my report on the Q1 Results for the Cape Cod Real Estate Market. You can see all my reports on CapeRealBill.com. My Forecast for Q2 will be published separately soon. Here are some FACTS about Q1: 1. The number of Sales went DOWN. 2. The number of Sales went UP. 3. The Median Price went DOWN. 4. The Median Price went UP.

Wow! What the heck was really go’in on in Q1? For those familiar with my reports, I bet you know the answer. For everyone else, keep reading.

© Bill Silver 2018

# Sales – Q1 2019

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Cape Cod Associates

The data for this report is for: Single Family Homes – in Barnstable County – listed on Cape Cod and Islands MLS. The number of single-family homes sold in Barnstable County in Q1 was 729.

Quarter - to - quarter, Q1 Sales were DOWN 33% from the 1,084 sales in Q4. But, important good news: Year – to – Year, the number of sales in Q1 was UP 3% from the 705 sales in Q1 last year.

© Bill Silver 2018

# Sold History

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Cape Cod Associates

Here are the Sales numbers for the last 4 Years. After going UP for 10 quarters in a row, Year-to-Year sales went Down for 6 quarters in a row. But, have now gone Up for 2 quarters in a row. What we see in this chart is the seasonal nature of the Cape Cod real

estate market – a phenomenon I call The “Q1 DiP”. Quarter-to-Quarter, sales always go DOWN in Q1 and then UP in Q2. This happened every year in the recorded history of Cape Cod real estate. I can safely predict that Q2 sales will be UP from Q1.

© Bill Silver 2018

Median Sold Price – Q1 2019

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Cape Cod Associates

The median sold price in Q1 was $415 thousand dollars. Quarter-to-Quarter, the median sold price was DOWN 4.6% from the $435K in Q4.

More importantly, Year-to-Year, the median price was UP another 2.5% from the $405K in Q1 last year.

© Bill Silver 2018

Median Sold Price History

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Cape Cod Associates

Here are the Quarterly Median Sold Prices over the last 4 years. Year-to-Year, the median sold price continued to go UP, and has now gone UP 12 quarters in a row – and 24 of the last 26 quarters. Note that the $415K is the highest Q1 Median Sold Price ever on Cape Cod. This chart also shows the Q1 DiP.

Over the last 20 years, from Q4 to Q1, the median sold price went DOWN 80% of the time. From Q1 to Q2, the median sold price went UP 85% of the time. The take-away here is, although quarter-to-quarter results are factual, they are very misleading and should not be used to make any real estate decisions.

© Bill Silver 2018

Dollar Volume – Q1 2019

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Cape Cod Associates

Dollar Volume is the Total Sold Dollars for the quarter. It’s the combination of both price and the number of sales. The Dollar Volume in Q1 was: $436 million – 795 thousand – and 714 dollars.

Quarter-to-Quarter, this is DOWN 34% from the $663 million in Q4. But, more important, Year-to-Year – Dollar Volume was UP 11% from the $395 million in Q1 last year. When both price and sales go up Dollar Volume goes up big time.

© Bill Silver 2018

Dollar Volume History

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Cape Cod Associates

This chart shows the quarterly Dollar Volume for the last 4 years. After going DOWN for 4 quarters in a row, Dollar Volume has now gone UP for 4 quarters in a row.

The $437 million is also the highest Q1 Dollar Volume ever on Cape Cod. As you can see, the Q1-DiP also happens to D0llar Volume – and it happens 100% of the time.

© Bill Silver 2018

Finale

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That’s my market results report for Q1 . Thanks for watching. You can see all my reports at: CapeRealBill.com Or, go to my YouTube Channel: Cape Real Bill

If you have any questions or comments call my cell:

508-277-1000

– OR – send an email to:

Bill@BillSilver.com

Wishing you smooth sailing on the seas of life!