Jan. 19, 2006 - 2004 vs. 2005 Sales Comparisons

2004 vs 2005 Sales in Falmouth

Here is what happened in the 2005 single family home market in Falmouth as of 12/17 as compared to 2004. Figures include all listings up to 999K to give a more accurate sense of the market since sales of 30-40 homes over $1,000,000 throw off the averages:

1. Increase in average sold prices the last 24 months -

    418K Jan-June 2004        461K July-December 2004

    464K Jan-June 2005        464K July-Dec.17th 2005

    Note: a levelling of the market the past 12-14 months



2. 2004 sales 1/1-12/17 -

    489 sales  Average sale: 438K  Days on Mkt: 94



3. 2005 sales 1/1-12/17 -

    445 sales  Average sale: 464K  Days on Mke: 93

    Note: there were 44 fewer sales in 2005 - about 8-9%.  Also, sales prices are the most accurate 

    numbers realtors use when establishing a price for new listings.  Unfortunately, sellers have 

    different ideas usually based on the inflated prices they see published in the paper, 

    on the internet and in other sources.



4. 2004 Expired/Withdrawn listings -    

    268 listings  Avg price 535K (97K over avg. sales  price)

    Note: listings expire or are withdrawn for any number or reasons, but most indicate overpricing 

    and may enter the market again at a reduced price and often still too high. For some this may 

    go on for years until the market catches up to their price.



5. 2005 Expired/Withdrawn listings -

    430 listings  Avg price 525K (61K over avg. sales price) 

    Note: the big jump of 162 listings from 2004 to this year.



6. Active listings 12/17/05 = 368

    Note: This is about 100 to 125 more than normal.  I hope you find this info to be helpful in 

    better understanding our market.  If you have any questions or want more info, please let me know.

     Copyright © 2006 By David F. Kelley, Falmouth, MA.  All Rights Reserved. 

Jan. 19, 2006 - Falmouth home sales - statistics