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Truro 2009 Year End Sales Report

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This week, we review Truro's final sales figures from MLS along with a comparative analysis of this year in relation to the prior two years.   Our data comes from the Multiple Listing Service and does not include private sales.  The vast majority of sales that occur in this market are MLS sales.

There were 58 properties sold in Truro in 2009 with a total sales volume of $28,710,230. There were 74 properties sold in Truro in 2008 with a total sales volume of $42,903,850. There were 61 properties sold in Truro in 2007 with a total sales volume of $36,974,833.

Table 1:  Number of Properties sold with Median Sale prices. The median reflects the sales price that is exactly in the middle of all the figures for that category.  For example, if 26 properties sold, 13 were priced above the median, and 13 were priced below the median.

2009 # Properties Sold/Median Price

2008 # Properties Sold/Median Price

2007 # Properties Sold/Median Price

Single Family

29 / $542,180

44 / $605,400

33 / $587,500

Income/Multi Family

----

----

1 / $600,000

Lots and Land

4 / $197,500

7 / $640,000

5 / $360,000

Comm/Indust/Bus

1 / $385,000

----

1 / $4,525,000

Condominium

24 / $266,500

23 / $219,000

21 / $239,000

Hotel/Motel

----

----

----

TOTAL

58 Properties Sold

74 Properties Sold

61 Properties Sold

Table 2:  Average Days on Market of Sold Properties

2009

2008

2007

Single Family

231

251

185

Income/Multi Family

---

---

58

Lots and Land

450

531

328

Comm/Indust/Bus

150

---

589

Condominium

162

171

203

Hotel/Motel

---

---

---

Table 3: Percentage of Sale Price to List Price

2009

2008

2007

Single Family

89%

90%

93%

Income/Multi Family

----

----

100%

Lots and Land

96%

90%

93%

Comm/Indust/Bus

86%

----

70%

Condominium

92%

92%

92%

Hotel/Motel

----

----

---

Highs and Lows

The lowest priced condominium property to sell this year was a cottage located at 17 Shore Road which sold for $78,000. The unit is seasonal and has 168 SF. The lowest priced single family was located at 55 Shore Road and sold for $275,000.  It is a 73BR/2BA home with approximately 1659 SF and in need of a total renovation.

The highest priced condominium to sell was a seasonal cottage located at the newly constructed waterfront property, Seaside Condominiums, at 482 Shore Road.  The 878 SF waterfront unit with 1BR/1.5BA sold for $550,000.  The highest priced single family home to sell was the newly constructed single family compound, Arcadia, at 101 Prince Valley Road, located high on a bluff within the National Seashore.  The property consists of 3 BR main house with water views and a 2BR guest cottage. The property was on the market for 636 days.

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