2014 Market Update Hyannis, Cape Cod, MA
By John F Muscarella, Broker/Owner, Venice, FL, Florida's Suncoast
(RIVER FARM PROPERTIES, LLC)
This is the tenth and last in a series of market updates, a service to clients and prospects. Over the past week, we provided home sale data across the markets we cover in Plymouth County & Cape Cod. Today is HYANNIS, CAPE COD, MA. We will compare Q4 2013 vs. the start of the new year through January 2014. We expect Data to still point to weakness in terms of sales vs. inventory or homes for sale and prices to rise overall through 2014. Here is a brief recap: (Hyannis Harbor, Cape Cod) HYANNIS Closed Sales - (41 or 14/mo.) Q4 2013 down -79% January 2014 (3, SFR) Homes For Sale-Inventory - (312 or 104/mo.) Q4 2013 down -12% January 2014 (92) Avg. Sale Price - ($489,330) Q4 2013 down -18% January 2014 ($403,333) Avg. Days on Mkt - ...