Heath's Blog


Falmouth Real Estate Market May 2014

The Falmouth Real Estate Market May 2014


In May of 2014 there were 54 single family homes closed (sold), 8 condos, 2 Multifamily buildings, and 2 lots of land sold in Falmouth MA.  This report does not include commercial properties sold in May of 2014 in Falmouth. That is a total of 66 properties sold in Falmouth in May of 2014.


The average sale price of the single family homes was $589,820. The average closed price of the condos in Falmouth in May 2014 was $330,856.  The average cost of a lot was $331,000.  And, the average cost of the multi-family properties was $378,750.


The properties in each category were on the market for an average of 237, 200, 42, and 228 days respectively.  Most of the single family homes were 3 bedrooms, 17 homes had four bedrooms, 5 properties with 2 bedrooms closed, and there were seven properties with 5 or more bedrooms sold. Three condominium units had three bedrooms, and the other condo units were two bedroom units.


The average living space for the single family homes was 1986 square feet. The average living space for the condos was 1530 square feet.  The lots averaged approximately 0.67 square feet of acreage. The multi-family sales were a two family and a six family.


There were six properties sold that were above $1,000,000. Thirteen single family homes sold in May 2014 that were over $500,000 and less than a million dollars. The condos sold with prices ranging from $230,000 to $465,000.  The two lots that sold were $575,000 and $87,000.


If you would like more details on the Falmouth Real Estate Market, they are available for the asking.


Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613  Licensed in MA
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@CapeGroup  Skype: heath.coker

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