Cape Cod | Massachusetts High-End Market Watch, First Half 2022 - Landvest Blog

Abstract

Market Highlights HIGH-END $2,000,000 MARKETS HIGHLIGHTS Inventory down 8%.Sales volume down 3%.Top sale: $13,750,000 - 198 & 227 Bridge St, OstervilleCape Cod's high-end market is struggling with record low inventories. High-End Sales After another record-breaking year for high-end real estate on Cape Cod, sales volumes are down in the first half by 3% with 112 sales compared to 116 sales last year but almost twice the ten-year average of 57 sales. Most of the high-end market is in the $2-3,000,000 price range with only one sale above $10,000,000. First Half 2021 - Top Sale Property: 198 & 227 Bridge Street Town: Osterville Selling price: $13,750,000 West Bay waterfront compound with a 6-bed main house, 2-bed guest house, garage apartment, and a boathouse, all renovated in the 1970s. Sales by Town In the first half, 13 of the 15 towns on Cape Cod had sales at the $2,000,000 level. The three leading towns were Chatham, Barnstable; after a slow start in the first quarter, Osterville had 9 of the 23 sales. The Upper Cape market is performing well with 11 sales in Orleans, 9 in Provincetown, and 5 in Truro.