 |
|
|
|
|
This Newsletter - Nine Years (& Counting)!
I have been doing this newsletter for over 9 years. I publish an expanded version of this newsletter monthly, roughly mid-month, primarily as an E-Mail newsletter. Don't miss the monthly Eastham real estate highlights, and lots of other Eastham news and "fun stuff". You can subscribe, without any obligation, on my website, www.RobertSheldon.com or by calling me at 508-237-9545.
|
|
|
Eastham Highlights:
- November had 12 closings of single family homes, with an average sale price of $411.958 (and a median of $390,000).
- There are a total of 104 single family homes for sale in Eastham, with an average list price of $625K and a median price of $447K. There are 22 homes currently under agreement. The 104 number is 15.4% lower than a year ago.
- At the end of November, the YTD average sale price of a single family home was $443,122 down 4.2% from the full year 2011. The median sale price was $409K, up 0.8% from 2011.
- There were 122 homes sold through 11/30/12, up 32.6% from the same period in 2011, with an average sale price of $443K and a median sale price of $409K.
- There are 26 parcels of residential land on the market, ranging from $125K to $899K (this parcel, on Rt 6 has commercial possibilities). There were two sales of residential land in November, at $170K and $295K.
- There are currently 10 condos for sale in Eastham, ranging from $139K to $419K. There were two condo sales in November, at $217K and $379K.
|
|
|
|
Commentary:
Sales this year have been significantly ahead of 2011's 'under'-performance. The average sales prices have, however, lagged behind 2011 by about 4.2% while the median (a better measure) sales prices are essentially flat (plus 0.8%). I expect December sales to be about the same as November's, which will not change the year very much. Inventory levels are seasonally down (see chart above), with mid-December at the same level as mid-November and at 2012's lowest levels. We continue to be in a Buyer's market.
Looking Forward - 2012 Year-End Preview
I expect that the full year will close out 30-35% ahead of 2011's levels in terms of sales volume. Average and median prices will (I predict) show 2012 levels to be flat, compared to 2011. As for 2013, I am personally bullish on both sales and prices. With the interest rates continuing in the 3%-4% levels, the economy continuing to recover (let's hope!), and with some pent-up demand from recent years, the marketplace might just return to pre-2005 levels. We made great progress in 2012, but the onset of new taxes (a sure thing - ugh!) may dampen demand, hopefully to be overpowered by economic optimism. Here's hoping!
|
|
|
November's Eastham Sales Details
The following table provides the details for the homes sold in Eastham in November, 2012. The "Original Price" is the beginning list price for the listed home. The "Listing Price" was the list price at the time of the accepted offer and reflects any price reductions the home may have taken. The "% List" is the Selling Price divided by the Listing Price (x100).
|
Street Address
|
Original Price
|
Listing Price
|
Selling Price
|
%List
|
Listing Date
|
Selling Date
|
|
695 Nauset Rd
|
$359,000
|
$359,000
|
$345,000
|
96.1%
|
08/27/2012
|
11/02/2012
|
|
6 Brenda Ln
|
$450,000
|
$435,000
|
$405,000
|
93.1%
|
04/09/2012
|
11/06/2012
|
|
30 Bradford Ln
|
$529,000
|
$519,000
|
$510,000
|
98.3%
|
06/26/2012
|
11/07/2012
|
|
95 Queen Ann Dr
|
$499,900
|
$365,000
|
$350,000
|
95.9%
|
08/16/2010
|
11/09/2012
|
|
20 Beverly Rd
|
$383,500
|
$383,500
|
$370,000
|
96.5%
|
04/23/2012
|
11/15/2012
|
|
15 Cedar Ln
|
$495,000
|
$439,000
|
$439,000
|
100.0%
|
10/07/2009
|
11/15/2012
|
|
40 Billingsgate Ave
|
$675,000
|
$625,000
|
$540,000
|
86.4%
|
02/10/2012
|
11/16/2012
|
|
30 Split Rail Rd
|
$399,000
|
$399,000
|
$375,000
|
94.0%
|
04/29/2012
|
11/27/2012
|
|
575 Great Pond Rd
|
$349,000
|
$325,000
|
$325,000
|
100.0%
|
02/15/2012
|
11/28/2012
|
|
260 Summit Ave
|
$489,500
|
$489,500
|
$479,500
|
98.0%
|
09/07/2012
|
11/28/2012
|
|
2 Kingfisher Rd
|
$420,000
|
$399,500
|
$365,000
|
91.4%
|
06/18/2012
|
11/29/2012
|
|
125 N. Sunken Meadow
|
$479,000
|
$449,900
|
$440,000
|
97.8%
|
06/17/2012
|
11/30/2012
|
|
|
|
| |
Buying ? / Selling ?
Will 2013 be your year to buy or sell Eastham property? Allow me to step through your options as your real estate agent. Call me at 508-237-9545 or send me an E-mail at BobSheldon@remax.net. Would you like to know what your Eastham home is worth in today's marketplace? Call me for a no-obligation market analysis review of your property. |
|
Please disregard the promotional content of this newsletter if your property is currently listed with another agent.
|
|
|
|
|
|
Bob's Eastham Newsletter
