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Cape Cod Cape Cod Real Estate Sales a Little Slower in 2005

The number of Cape real estate sales dropped 9.3 percent in 2005, when compared to the previous year. But 2005 was still the seventh-busiest year in the 300 years of the Barnstable Registry of Deeds, according to Registrar John Meade.

Yet sales values continued to rise. For the year, the average individual property sale value was up 5.4 percent to $384,769. For December, the average property sale value was up 2.6 percent, to $371,250, from the previous December. (To avoid skewing the average, the Registry uses sales between $25,000 to $1 million to calculate the average.) Contributing to the drop in sales volume were slow sales in December, off 20.7 percent from the same month in 2004. Although the seventh-busiest year in documents and plans recorded, 2005 was 37 percent behind 2003, the registry’s busiest year to date, and 9.7 percent behind last year in recordings.

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Posted by Cape Cod - (website) on 01/23/06
Categories: NewsReal Estate
Keywords: real estate


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