2018 Q4 Cape Cod Market Results

© Bill Silver 2018

Median Sold Price - Century

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Cape Cod Associates

From 2000 to 2005 the Yearly Median Sold Price continued to go UP. This was a continuation of the real estate Bubble that started in 1993. Prices topped out at $399K in 2005 — a 240% increase from the $123K result in 1993. Then came the inevitable Fall. It started off slowly but increased steeply with the stock market crash of 2008. Overall, prices dipped 20% during the five-year period from 2005 to 2009. Prices started to Rebound in 2010. And, in the 9-year period ending in

2018 prices went UP every year except 2011. The overall price increase from 2009 to 2018 was 33%. After prices peaked at $399K in 2005 it was 12 years before Cape prices got back to that $399K level in 2017. The $424K result in 2018 is an all-time yearly high.