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Mild Winter Heating Up Cape Sales
January 27, 2012 in Buying a Home, Cape Cod, Home Values, Massachusetts, Real Estate Market | Tags: Buying a Home, buying a vacation home, Cape Cod real estate, home buyers, home prices, home sales, Home Values, luxury home buyers | Leave a comment
Mild Winter Heating Up Cape Sales
Single-family home sales on the Cape dropped 4.25 percent in 2011 compared to the year before, but luxury home buyers helped boost the market as the average price increased from $465,630 to $466,646 and last year saw 11 sales over $4 million compared to only five in 2010.
So far, the mild winter combined with pent-up demand in the higher end market has helped the Cape get off to a strong start with 15 listings over $1 million going under contract since the beginning of December.
Read more at Mild winter heating up Cape sales.
