It is the common question that every realtor gets. That is "whats the market like?". The Cape Cod real estate market is like we have never seen before. We have been handling homes and properties for sale and vacation rentals on Cape Cod since 2005. We have also grew up on Cape Cod and have not seen listings going as fast as they are in any year past.
The latest stats from the Cape & Islands Association of Realtors recently came out for August. In Barnstable County the amount of homes for sale is down 51% and the amount of sales closed is up a little over 30%. This makes it the ideal time to sell your Cape Cod home.
At the moment those that have been thinking about retiring out on Cape Cod or buying a second home here are now pulling the trigger. We do not know how long this trend will last. At some point the buyers will run out but right now we have a low # of inventory with a high # of buyers.
We provide a free comparative analysis for any seller considering selling their property.
Another interesting stat is that the days on market we typically deal with is on average about 6 months. Right now that is down over 25% to just over 30 days.
The percent of asking price that sellers are getting right not is apprx. 98%. This is up slightly and of course depends completely on how aggressively the property is priced.
Reach out today to discuss the potential of selling your Cape Cod.