May 2017 Chatham Market Report
The Cape is bursting with color with the cherry trees and lilacs in bloom! The season will soon be upon us
and more and more people are coming to enjoy the beauty of our very special place.
Unit sales in Chatham are holding steady this year. The homes sold during the past few months were
certainly less expensive than last year’s...a 30.1% drop in prices. Inventory and Months of Supply also show a
drop as well as New Listings, which is good news for sellers in that there is less competition on the market
for them. Do notice the Sales to List Price Ratio has risen.
Evelyn Doane — Your Cape Cod Realtor — 508-237-1629
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Harwich sales have risen dramatically and so have the prices. With only a four month supply, this is a
seller’s market right now!
Brewster is in the same fortuitous situation as Harwich with a jump in sales and a lower Months of Supply.
Orleans had less sales, but the good news for buyers is that the Median Sales Price is also less. Inventory
has dropped significantly as has Months of Supply so buyers should look now not later if they want to find
Evelyn Doane — Your Cape Cod Realtor — 508-237-1629
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Almost every month I have a variation on this theme of buy now not later! While less than a 1% difference
in a mortgage rate seems so insignificant, this certainly adds up in the course of a 30 year mortgage!
Evelyn Doane — Your Cape Cod Realtor — 508-237-1629
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If you have nor purchased a home for a few years, these guidelines are very helpful. Don’t fall in love with a
home without that pre-approval letter from your lender!
Evelyn Doane — Your Cape Cod Realtor — 508-237-1629
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Unit Sales remain positive and certainly more are anticipated as the season begins. Total inventory is down,
so if you are a seller...don’t wait to put your house on the market with less competition out there!
There are not as many homes available to purchase currently and the four month moving average indicates
the possibility of continuing that cycle. Pendings and Solds look most positive as most Pendings do result in
sales.
The all important Sales to List Price Ratio indicates a strong demand for homes compared to last year. The
Pie Chart shows many buyers found that special home for under $600,000.
Evelyn Doane — Your Cape Cod Realtor — 508-237-1629
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So what does all this mean to you? If you are a seller...finally the market will be in your favor with less
homes on the market to satisfy buyer demand. Also, the List to Sale Price Ratio is rising indicating more
buyer competition for homes. If you are a buyer...do consider making that purchase now rather than
waiting as interest rates are projected to rise by the end of the year...and perhaps home prices too. What a
shame it would be to lose that home you have been dreaming about on Cape Cod!
I hope this report has been useful to you...and feel free to share it with interested friends. If you would like
a free no obligation Comparative Market Analysis to find out what your home may be worth, please do not
hesitate to call me. I would love to hear from you if you have any questions.
Best,
Evelyn
Evelyn Doane Broker ABR RSPS SRES
37 Cross Street, Chatham, MA 02633
Cell…508-237-1629
Office…508-945-7777
[email protected]
www.ChathamByTheSeaWithEvelyn.com
Chatham, MA - Single Family Properties
February, 2017
Address
23 Pine
26 Pursel
33 Youngs
58 Chipping Stone
66 Overlook
February Averages
BR List Price ($) Sale Price ($) Market Time (Days) Square Feet
4
$1,890,000
$1,720,000
210
4,511
4
$1,195,000
$1,100,000
21
2,302
3
$999,000
$999,000
463
2,322
3
$494,000
$490,000
238
1,840
3
$529,900
$508,500
98
2,860
3
$1,021,580
$963,500
206
2,767
Evelyn Doane — Your Cape Cod Realtor — 508-237-1629
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Chatham, MA - Single Family Properties
March, 2017
Address
105 Chatham Crest
148 North Gate
15 Mayflower
185 Morton
200 Cockle Cove
211 Tisquantum
23 Rover Run
25 Winter Home
263 Woodland
29 Stage Coach
37 Collins
38 Indian
41 Oyster Pond Furlong
45 Bridge
50 Katie Ford
51 North Gate
52 Spring Hill
561 Orleans
57 Bellamy
74 Oval
March Averages
BR List Price ($) Sale Price ($) Market Time (Days) Square Feet
3
$599,000
$520,000
271
1,920
5
$895,000
$880,000
9
3,232
2
$315,000
$305,000
151
936
3
$299,999
$295,000
299
1,248
4
$899,000
$875,200
207
1,386
3
$1,995,000
$1,710,000
426
3,674
5
$1,649,000
$1,649,000
23
2,500
3
$639,000
$575,000
88
2,141
4
$2,095,000
$1,895,000
332
1,758
3
$399,000
$425,000
74
1,680
3
$599,900
$599,900
26
1,616
4
$2,600,000
$2,275,000
15
3,878
2
$499,000
$397,000
148
941
4
$1,600,000
$1,350,000
508
1,349
3
$499,900
$485,500
288
1,697
3
$569,900
$530,000
291
2,116
3
$639,900
$615,000
176
1,862
3
$599,000
$559,000
313
1,652
3
$879,000
$840,000
247
2,664
3
$545,000
$525,000
211
1,960
3
$940,830
$865,280
205
2,011
April, 2017
Address
12 Cedar Farm
14 Squanto
188 Woodland
190 Heritage
20 Whiteleys
218 Woodland
22 Chickadee
25 Monomoy
262 Old Queen Anne
30 Cross
347 Training Field
380 Pleasant
55 Frost Fish
62 East
741 Orleans
79 Pleasant
8 Arbutus
April Averages
BR List Price ($) Sale Price ($) Market Time (Days) Square Feet
4
$649,000
$650,000
42
2,191
6
$1,300,000
$1,200,000
216
2,350
4
$785,000
$721,500
804
2,476
3
$459,000
$437,500
64
1,144
5
$1,299,000
$1,200,000
335
3,637
4
$775,000
$762,500
246
2,402
2
$439,000
$448,000
3
1,472
4
$1,745,000
$1,725,000
44
3,646
2
$409,900
$385,000
283
1,148
3
$1,645,000
$1,625,000
628
1,921
3
$709,900
$702,000
218
4,000
4
$1,199,900
$1,194,900
39
1,040
3
$1,799,000
$1,682,500
535
4,360
3
$625,000
$612,000
207
1,864
3
$449,000
$418,000
119
1,180
3
$470,000
$450,000
143
1,213
3
$468,000
$450,000
271
1,386
3
$895,688
$862,582
247
2,202
Evelyn Doane — Your Cape Cod Realtor — 508-237-1629
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