As 2013 ended, inventory is tight and has dropped another 3.6% from 2012 on Cape Cod. The average sale price has increased 1.2% from 2012. Neither number is by itself overwhelming , but clearly shows pricing on the increase and inventory selection on the decrease for Cape Cod property.

For 2013 our company showed  growth on Cape Cod with sales up 3.7% over 2012. Our average sale was up almost 4% over 2012.. The company currently has 16 offices on Cape Cod with over 300 agents from Provincetown to Falmouth. Our sister companies, Randall Realtors and Page Taft, serve Rhode Island and Connecticut.

Economic Trends Update Cape Cod And Islands Board Of Realtors

1981 to 2014 Cape Cod Average Price Change

 1996 to 2014 Cape Cod Median Change

Cape Cod January Sales And Prices Up 

rgold@capecodonline.com

February 08, 2014

BARNSTABLE - January's weather may have been cold and snowy, but property sales last month were hotter than those at the start of 2013. Both the number of transactions and the median sales price last month were higher than in January of last year, according to the numbers released Friday by the Barnstable County Registry of Deeds. Register John Meade said January 2013 numbers may have been lower than usual because many sellers were trying to get deals done at the end of 2012 to avoid an anticipated increase in the capital gains tax rate. "A year ago, we had a slightly artificially low January," Meade said. There were 397 property sales valued at least $50,000 last month, compared with 383 in January 2013. The number of foreclosures dropped from 20 in January 2013 to 11 last month. The median sales price last month was $328,000, compared with $280,000 for the same time last year. The latest median sales value was the 2nd highest during the last twelve months, topped only by September 2013, when it was $330,426. The median sales value has only dropped below $300,000 once in the past 12 months when it was $290,000 in April 2013. Lester Allen, the branch executive of the South Yarmouth office of Kinlin Grover Real Estate, said the snow-heavy winter has kept some potential buyers from looking so far this year. "There is still activity, not much as we like, but i think that is due to the weather," he said. With vacation and second homes a significant part of the Cape housing market, many off-Cape buyers may have curtailed their house hunting trips. "If they can't get out of their driveways, they are not going to come here (to look)," he said.

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 Market Sector Overview

Waterfront...To Be Built-This custom Cape with 4 bedrooms 4 baths, over 3400 feet of living space will feature wide plank hardwood floor throughout, tile floors in all baths, a first floor master en suite, and three additional bedrooms located on the second floor, attached 2 car garage, screen porch and decks with fabulous views. The main living area features a gourmet kitchen with Viking professional appliances and granite counters. The kitchen opens onto a dining room and living room complete floor to ceiling fieldstone fireplace, cathedral ceilings and expansive glass to take advantage of the ever changing water views. Enjoy spectacular views looking outward to Meetinghouse pond with your own private deep-water dock with access to Pleasant Bay and the Atlantic beyond

 $2,690,000.                                                                                             (#21302845)

Location-location-location- waterfront setting on Black Pond looking outward over Long Pond. This one owner property offers light, bright open living space with views from most rooms. The cathedral living-room has glass surrounding the room with a large deck for outside entertaining and fantastic water views. The home offer a first floor master connecting into a bath, slider opening on to the deck area with views of Black Pond. A second floor master also offers a slider on to a small deck area with breathtaking views outward over Long Pond. The family room has cathedral ceiling, built ins, slider on to deck and of course breathtaking views! The lower walk-out level offers three more rooms for over-flow guest which is not included in the living space on listing sheet, again a slider with great water views! Bike trail right across street.

$599,000.                                                                                                (#21309668)