Cape Cod Real Estate Market Activity in 2009 - Homes and Condos Sold

The Cape Cod Massachusetts real estate market continues to decline in value and in transactions as reported over the last three years. Since real estate is local, town market reports will be a better gauage to determine if a bottom has been reached in that specific market. Buyer activity indicates that they are hesistant to buy believing prices will continue to fall. We will look to 2010 first quarter reports for signs of improvement.

Go to Cape Cod MA Real Estate to obtain information about the various communities and to search for available properties. Select a virtual community site to obtain information about the home buying and selling process on Cape Cod.  In addition, you will find MLS search tools and demographic information. 

Information was obtained from the statewide MLS system is not guaranteed to be accurate.

The average sales price for home sold in 2009 dropped –12% from $491,333 in 2008. The median price for a home sold on Cape Cod in 2009 was $321,500 as compared to the 2008 value of $345,000.  Homes sold activity also dropped from 2953 homes sold to 2850 homes sold. The peak activity and occurred in 2006 with 3143 homes sold.  Average days on market did not change. 

There were 639 condominiums sold on Cape Cod in 2009 which down –8% from the sales volume reported in 2008.  Peak activity occurred in 2006 with 789 units sold.  Days on market also increased in 2009 up to 214 days.  The average selling prices also declined from 2008 values down to $289,144.  The median sales price also declined from $250,000 in 2008 to $235,000 in 2009.