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.