Sunday, June 6, 2010
Tewksbury Capes
After doing a market analysis for a cape style home on Boisvert Road in Tewksbury, I found that capes were selling in a very short time. After a little more digging, I found the following - during the past 12 months, cape style homes sold in 66 days on average while all other homes sold in 120 days on average - almost twice as long. But the explanation is simple - capes are much more affordable and therefore open to a larger market. The average sale price of cape style home was $292,000 vs $345,000 for non capes. Very interesting!
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