Cape Cod and Islands October Statistics...
Preliminary CC&IMLS Statistics for October 2009
Single Family #Sales Median $Value DOM
October 2009 330 $336,700 $154,029,292 150
October 2008 296 $337,250 $155,716,315 157
October 2009 79 $260,000 $20,972155 224
October 2008 79 $259,500 $21,961,262 192
All Sales
October 2009 431 $184,528,417
October 2008 393 $183,596,997 Pendings are our good news!
October 2009 = 371
October 2008 = 329
We were encouraged at the end of the summer activity due to pent up demand, and buyers willingness to get off the fence and participate in the market. Realizing the market has bottomed out, low interest rates, planning for the 2010 season, and not wanting to loose a property they had been watching high on their list of interest, they followed through and initiated offers. Buyers are still in the driver seat, but that could change with realistic prices being offered by the sellers, and inventory starting to decrease. There is never a bad time to buy...dont sit out on the sidelines and have serious buyers pass you buy, and dont loose a property over $10,000 to $20,000 price range. When you add in lifestyle, location, lack of supply and options meeting your exact criteria, we feel it better to get into the market, and down the road when it becomes a sellers market, you can make the changes to locate that perfect home meeting your needs. In the meantime, enjoy a second home or investment property rather than looking at a monthly statement coming from your bank...Over the long term, real estate is still the best use of your money because its something you can use, rent out, enjoy on weekends, and balance out your emotional pressures we all deal with in everyday life!