2020 Q1 Cape Cod Market Report

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1 Q1 2020 Cape Cod Market Results

Single Family Homes in Barnstable County

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Bill Silver

Cape Cod ARE

Cape Cod Associates

Harwich Port, MA 508-432-8600

Q1 2020 Cape CodMarket Results

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Hi ! I’m Bill Silver. I’m a realtor with Cape Cod Associates Real Estate in lovely downtown Harwich Port. Yes, it’s a new year and a new decade and a new “social distancing” lifestyle. The lobal pandemic has brought great change to how we do real estate.

But, it’s only had a small change on the Q1 results. Q2, well, we’ll have to wait and see how that turns out. This report is also available as a slideshow. You can see it and all my reports a:

BillSilver.com .

Cape Cod Associates

Harwich Port, MA 508-432-8600

Median Sold Price – Q 1 2020

Single Family Homes | In Barnstable County | Listed on CC&I MLS

Q/Q: Q4 - 19

Y/Y: Q1 - 19

$ 438 K

$ 435 K

$ 415 K

Cape Cod Associates

Harwich Port, MA 508-432-8600

Median Sold Price – Q 1 2020

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Quarter-to-Quarter, the median sold price was DOWN, but just 0.7% from the $438K in Q4. Just a small Q1 DiP. More importantly, Year-to- Year, the median sold price was UP again, 4.8% from the $415K in Q1 last year.

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 Q1 was $435 thousand dollars.

Cape Cod Associates

Harwich Port, MA 508-432-8600

Median Sold Price History

Cape Cod Associates

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2017 2018 2019 2020 Q4

$450 K -

$439

$438

$435

$430

$425

$420

$415

$405

$400

$400 K -

$374

$350 K -

$300 K -

$250 K -

$200 K -

$150 K -

5 %

1 %

-4 %

7 %

0 %

5 %

-4 %

5 %

1 %

-5 %

-1 %

-.1 %

1 %

Q / Q

2 %

9 %

8 %

4 %

8 %

6 %

8 %

3 %

5 %

1 %

4 %

Y / Y

Median Sold Price History

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Here are the Quarterly Median Sold Prices over the last four years. A small Q1 Dip in price. This has happened in 75% of the years in the 20 th Century – and each of the last 5 Q1’s.

Year-to-Year, the median sold price continued to go UP, and has now gone UP 16 quarters in a row – and 28 of the last 30 quarters.

Cape Cod Associates

Harwich Port, MA 508-432-8600

# Sales – Q 1 2020

Q/Q: Q4 - 19

Y/Y: Q1 - 19

1,073

729

775

Cape Cod Associates

Harwich Port, MA 508-432-8600

# Sales – Q1 2020

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– with a median decline of 29%. Year – to – Year, sales were UP 6% from the 729 in Q1 last year. This is good, but I had predicted that sales in Q1 would be higher than this – and there was a small, but noticeable, drop in sales during the last month of Q1.

The number of single-family homes sold in Barnstable County in Q4 was 775. Quarter - to - quarter, Q1 Sales were DOWN 28% from the 1,073 sales in Q4. This in actually not bad. Q1 vs. Q4 Sales have gone down every year in this century

Cape Cod Associates

Harwich Port, MA 508-432-8600

# Sold History

Cape Cod Associates

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q2 2017 2018 2019 2020 4

1,500 -

1,300 -

1,228

1,210

1,100 -

1,175

1,109

1,084

1,074

1,073

1,054

900 -

700 -

803

775

729

705

500 -

300 -

Q / Q

-33 %

53 %

-10 %

-5 %

-33 %

67 %

-8 %

0 %

-33 %

66 %

-11 %

-0.1 %

-28 %

66 %

-11 %

-0.1 %

Y / Y

14 %

-10 %

-4 %

-12 %

-4 %

-2 %

2.8 %

3 %

-1 %

6 %

3 %

-1 %

# Sold History – 4 Years

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Here are the Sales numbers for the last 13 Quarters.

Since 2017, Year-to-Year, sales have gone Up and Down . Up 1 quarter, Down 6 quarters, Up 3 quarters, Down 2 quarters, and now Up again. Note, Year-to-Year, sales have gone UP in 3 of the last 4 Q1’s.

Cape Cod Associates

Harwich Port, MA 508-432-8600

Q1 2020 Cape CodMarket Results Main Street Chatham – Saturday, April 11, 2020 1:00 PM

Q4 2019 Cape CodMarket Results

BACK

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Hi! That’s my Cape Cod Real Estate Market Report for Q4 2019.

The new normal. A sunny afternoon in downtown Chatham – and where are the people? They Stayed Home. The up side? Lots of parking places.

Thanks for watching

Bill Silver Cell: 508-277-1000 Bill@BillSilver.Com

Cape Cod Associates RE 508-432-8600 566 Route 28, Harwich

www.BillSilver.com YouTube Channel: Bill Silver Cape Cod

Cape Cod Associates

Harwich Port, MA 508-432-8600

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