Cape Cod saw a small decline in summer bookings compared to 2024, according to our advertising partners at weneedavacation.com. The frenzy of COVID bookings has clearly ended and now the vacation market is stabilizing, though at higher prices and higher demand than pre-pandemic levels. We expect 2026 to have similar booking rates to 2025 [...]
It’s all about the punctuation. In 2023 this column concluded with exclamation points: Huge increases in median price! Low inventory! High interest rates! In 2024 it concluded with question marks: Can prices continue to go up? Will interest rates ever come down? Is the COVID market over? Now in 2025 we’re ending with a period: This is the new [...]
The Cape Real Estate market continued to show signs of a ‘return to normalcy’ in 2024. The average number of days on market rose to 41, the highest level since 2021. Percent of asking price received by sellers dropped to 96.6%, the same level we saw in 2017. And the seasonal bumps in activity that disappeared after COVID began to emerge in [...]
Another year is in the rear-view mirror. 2023 silenced a major part of the pandemic concerns while reopening doors. Properties bought during the pandemic are resurfacing as vacation rentals or are being resold when they are no longer needed. This is contributing as it always has to a fifth of the national GDP (gross domestic product) that [...]
Well folks, the sleigh ride is over. For the first time since 2019, last year concluded on something of a mixed note for the Cape Cod Real Estate market. Cape homes set a new record 12-month high of $679,750 in December of 2023, up an eye-watering 66% from $410,000 in December 2019. But if we look closer, we see that prices from November [...]
Cape Cod vacation rentals were gangbusters again for us in 2023 and we attribute much of this to our satisfied returning guests who comprised 50% of our 2023 bookings and 66% of our 2024 bookings thus far. We look forward to working with our repeaters each year and thank you for being valued [...]
The Cape Cod Real Estate market closed out 2022 continuing the trend of higher prices and lower inventory that has played out over the last decade. In fact, we closed 2022 with the lowest number of homes for sale (~580) and the highest prices (~$639,000) ever for the Cape market. For comparison, the last market peak in 2006-2008 saw ~5,700 [...]
Greetings from us at Chatelain Real Estate. We have had the pleasure of providing you the support you have needed in your real estate ventures over the years. We look forward to continuing to help as we have through the past three decades. A most sincere thank you from every one of us for entrusting us with your real estate [...]
Cape Cod vacation rentals continued to be very attractive to vacationers in 2022. The trend of early booking continued with 66% of all booking being completed by the end of March. 2023 seems on pace to be more similar to 2022 than 2021 in this regard, see the chart at right. In addition we [...]
Improvise, Adapt, Overcome
No, this isn’t an episode of Man vs. Wild (exactly), since we local Cape Codders have slightly more than a knife and some flint to help us survive. But, in many ways our current conditions are at odds with community needs: housing, wastewater, healthcare, and our economy are a few of the complex challenges that [...]