Friday, December 02, 2011

November - Eastham Sales - Interesting!

Eastham's November sales were up from last month, but the numbers tell a confusing story. This year's sales lag 2010 by about 7%, year-to-date. The details....
  • There were 7 homes sold in Eastham in November, up 2 from October
  • Total sales were roughly $4.9M - the average home sale price was $767K (see note below)
  • The median sale price in November was $406K.
  • There are currently 124 active single family listings in Eastham, with an average list price of $554K and a medium price of $449K. The average days-on-market is currently 204 days.
Note: The average sale price is up dramatically from the 'norm' because we had a single sale at $2.5M. With a sample size of only 7, the average is swayed un-naturally. A better measure is the median price. All-in-all, it's dangerous to base trends on a single month's worth of data.

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