2007 Market Wrap up for the Lower Cape
Brewster single Family homes saw a slight decline in number of units sold and a dip in median price during 2006 and then a strong price recovery in 2007 but with a reduced number of sales. The condo market in town, dominated by Ocean Edge has seen a significant decline from the highs of 2005.
Orleans – The condo market in Orleans has been relatively steady in median price and declining in number of units over the last 3 years. Single family homes dipped in median price 2006 but recovered a little lost ground through 2007. The number of units sold is up.
Eastham single family homes have been steady over the last three years in quantity and median price, even showing a slight rise in 2007. Condo sales in 2007 were dominated by the new popular development at Brackett Landing.
Wellfleet single family homes dipped in 2006 in number of units. 2007 showed decrease in median price and a recovery in the number of units. Condo sales in town have been rising and at a lower median price.

