Buying On Cape Cod

January Market Update 2019

Hello to all and Happy New Year!  We wish you health and happiness for 2019

December Review: 

   If we had to choose a word for December it would be: schizophrenic.  Between large swings in the stock market, concomitant swings in the mortgage market and an uncertain future of rate hikes, frankly we feel a little addled.  The local housing market however continues to show strength despite these causes for concern.  While inventory was down from November, it is up 4% from this time last year and we are at 4.8 months of inventory, which is 11.6% higher than last year.  In other words we are seeing the trend continue where inventory of homes for sale is being built back up, though slowly.  Otherwise December continued the normal seasonal slump as people spent time with family over the holidays.  We still need a bit of time to finish crunching the numbers from all of 2018 but expect to see a full year analysis in the coming weeks.

 

Recent Market Summary

  Oct Nov Dec
Closed Sales 378 308 290
Inventory 2,252 1,968 1,614
Median Sales Price $480K $435K $385K
Avg Days on Market 98 100 95
Avg % of Original Price 94% 94% 93%

 

Featured Search - Homes in Dennis

Stay up to date on the MA short term rental Tax

December Market Update

November Review: 

   After a busier than usual late fall we are starting to see the seasonal cooling off around the holidays.  Closed sales, inventory and median sales price were all down in November as both sellers and buyers tend to back off this time of year.  We also note that with 5.8 months supply of inventory the market is healthier compared to November last year (5.3 months).  The strong economy and hints from the Fed that rate hikes may be slowing down is good news for a healthy local market.  However the low affordability index (meaning the median house price costs more than the median income can afford) continues to be a point of concern.

 

Recent Market Summary

  Sept Oct Nov
Closed Sales 370 378 308
Inventory 2,291 2,252 1,968
Median Sales Price $437K $480K $435K
Avg Days on Market 89 98 100
Avg % of Original Price 95% 94% 94%

 

Featured Search - 3br/2ba homes

for less than 500k

Happy Holidays to all! Follow us on

facebook for news and updates 

 

Cape Cod Open Houses Weekend 12/1-12/2

Check out these open houses and if you are interested in any of these homes or to learn more about any other homes on the Cape, contact us today.

 

Saturday 1-3 | 47 Asack Drive, South Dennis

This lovely home in a sought-after Dennis neighborhood offers sparkling hardwood and tile floors. It is conveniently located with easy access to amenities and all of life's needs. Sit back and enjoy morning coffee in the window wrapped sunroom while listening to the chirping birds in the peaceful yard. Step out on the Azek deck to feel the breeze coming through the trees that afford exceptional privacy. Entertain from the smartly appointed stainless kitchen with granite counters. Nestle with a book around the gas fireplace in the living room. Or enjoy a movie in the loft that is large enough to be both an entertainment center and grand home office. Take comfort in the first floor master bedroom that features an en suite lovely bath and walk-in closet. House your guests in the two second floor bedrooms. Take pride in the interesting architectural features. Delight in the fact that this home is low maintenance and economical to own with its solar panels. This is truly a joy to own.

 

 

Sunday 1-3 | 152 Beacon St, South Yarmouth

Fabulous location, sought after neighborhood, convenient location, and underground utilities all highlight this spacious home. Larger rooms, hardwood under carpet, ready for you to enjoy and add your touches. Extremely well maintained with newer windows, doors, central air conditioning, heating system, electrical, septic, and siding. This home is ready to go with its two large bedrooms, two full baths, large living dining combo, wonderful family room, full basement, garage, large yard that abuts Cape Cod Rail Trail. A gem

 

 

 

November Market Update

October Review: 

Median Sales prices continue to climb in both the single family and condominium markets and, as a result, we saw a considerable drop in the affordability index for Barnstable County in October.  The inventory of homes dropped less than 2% since September and the current months of inventory, 6.6, is considered a healthy amount in a residential market.  Additionally average days on market increased and percent of original sales price decreased, indicating a better market for buyers.  The strong economic metrics and assurance the Fed will raise rates coupled with booming jobs reports and increasing wages could mean some changes in the real estate market here in Barnstable County.

 

Recent Market Summary

  Aug Sept Oct
Closed Sales 358 370 378
Inventory 2,182 2,291 2,252
Median Sales Price $420K $437K $480K
Avg Days on Market 90 89 98
Avg % of Original Price 95% 95% 94%

 

Featured Search - Condos with 2 beds or more!

Get ready for your photography appointment

with these helpful tips

Open Houses 11/10-11/11 Veterans Day Weekend

Thank you veterans for your service and, if you didn't serve, take a moment to thank a vet over the weekend. Also check out these open houses and if you are interested in any of these homes or to learn more about any other homes on the Cape, contact us today.

Sunday 1-3 | 13 Beachwood Road, South Yarmouth | Ocean View

Don't compromise on quality. This extraordinary custom renovated luxurious cottage personifies the charm of the Cape. Every inch in each of the six rooms is crafted to perfection from end-grain butcher block counters and Baldwin hardware to granite steps, copper gutters, and decorative mullions all by Kenneth Vona Construction. Ocean views capture quintessential Cape Cod. This jewel is less than 50 paces to Nantucket Sound beach. For the discerning homeowner this is a true pleasure to own.

 

 

Saturday 1-3 | 10 Cotuit Bay Drive, Cotuit | Cotuit Bay Shores

Cotuit Bay Shores--3 bedroom, 3 full bath charming home awaiting your touches. It offers one floor living, vaulted ceiling, skylights, hardwood floors, fireplace, private master suite, gracious living and dining rooms, zen garden, patio, two car garage. Enjoy association amenities including private beach on North Bay, deep water dock, tennis and bocce courts, playground, and walking trails. Bring your ideas and reap the benefits.

 

 

 

Saturday 10-12 | 15 Denver Drive unit C3 | Price Reduced

Welcome to Cranberry Pointe - the best kept secret in Yarmouth. Brew some coffee in your light and bright kitchen, and enjoy it on your private master balcony or sun-dappled first-floor deck. On the way out, grab a sweater from one of the large walk-in closets. Care for some fresh air? You unit abuts acres of scenic cranberry bogs. Have hobbies? You'll love the full basement just waiting for your projects. All this less than 1 mile from the beach and 2 miles to downtown Hyannis. The association boasts very low condo fees, is pet-friendly, and has exceptionally well maintained common areas...welcome home.

 

Open Houses 11/3-11/4

Fall is a great time to get into the market on the Cape.  The weather is still beautiful and you don't have to elbow your way through crowds.  Check out these open houses and if you are interested in any of these homes or to learn more about any other homes on the Cape, contact us today.

 

Saturday 10-12 | 15 Denver Drive Unit C3, West Yarmouth

Welcome to Cranberry Pointe - the best kept secret in Yarmouth. Brew some coffee in your light and bright kitchen, and enjoy it on your private master balcony or sun-dappled first-floor deck. On the way out, grab a sweater from one of the large walk-in closets. Care for some fresh air? You unit abuts acres of scenic cranberry bogs. Have hobbies? You'll love the full basement just waiting for your projects. All this less than 1 mile from the beach and 2 miles to downtown Hyannis. The association boasts very low condo fees, is pet-friendly, and has exceptionally well maintained common areas...welcome home.

 

 

Saturday 1-3 | 152 Beacon St, South Yarmouth

Fabulous location, sought after neighborhood, convenient location, and underground utilities all highlight this spacious home. Larger rooms, hardwood under carpet, ready for you to enjoy and add your touches. Extremely well maintained with newer windows, doors, central air conditioning, heating system, electrical, septic, and siding. This home is ready to go with its two large bedrooms, two full baths, large living dining combo, wonderful family room, full basement, garage, large yard that abuts Cape Cod Rail Trail. A gem

 

 

Sunday 1-3 | 47 Asack Drive, South Dennis

This lovely home in a sought-after Dennis neighborhood offers sparkling hardwood and tile floors. It is conveniently located with easy access to amenities and all of life's needs. Sit back and enjoy morning coffee in the window wrapped sunroom while listening to the chirping birds in the peaceful yard. Step out on the Azek deck to feel the breeze coming through the trees that afford exceptional privacy. Entertain from the smartly appointed stainless kitchen with granite counters. Nestle with a book around the gas fireplace in the living room. Or enjoy a movie in the loft that is large enough to be both an entertainment center and grand home office. Take comfort in the first floor master bedroom that features an en suite lovely bath and walk-in closet. House your guests in the two second floor bedrooms. Take pride in the interesting architectural features. Delight in the fact that this home is low maintenance and economical to own with its solar panels. This is truly a joy to own.

Open Houses 10/20-10/21

Fall is a great time to get into the market on the Cape.  The weather is still beautiful and you don't have to elbow your way through crowds.  Check out these open houses and if you are interested in any of these homes or to learn more about any other homes on the Cape, contact us today.

 

Saturday 10-12 | 10 Cotuit Bay Drive, Cotuit

Cotuit Bay Shores--3 bedroom, 3 full bath charming home awaiting your touches. It offers one floor living, vaulted ceiling, skylights, hardwood floors, fireplace, private master suite, gracious living and dining rooms, zen garden, patio, two car garage. Enjoy association amenities including private beach on North Bay, deep water dock, tennis and bocce courts, playground, and walking trails. Bring your ideas and reap the benefits.

 

 

 

Saturday 1-3 | 152 Beacon Street, South Yarmouth

 Fabulous location, sought after neighborhood, convenient location, and underground utilities all highlight this spacious home. Larger rooms, hardwood under carpet, ready for you to enjoy and add your touches. Extremely well maintained with newer windows, doors, central air conditioning, heating system, electrical, septic, and siding. This home is ready to go with its two large bedrooms, two full baths, large living dining combo, wonderful family room, full basement, garage, large yard that abuts Cape Cod Rail Trail. A gem.

 

 

 

 

Saturday 1-3 | 15 Denver Drive unit C3, West Yarmouth

Welcome to Cranberry Pointe - the best kept secret in Yarmouth. Brew some coffee in your light and bright kitchen, and enjoy it on your private master balcony or sun-dappled first-floor deck. On the way out, grab a sweater from one of the large walk-in closets. Care for some fresh air? You unit abuts acres of scenic cranberry bogs. Have hobbies? You'll love the full basement just waiting for your projects. All this less than 1 mile from the beach and 2 miles to downtown Hyannis. Low fees, exceptionally well maintained common areas...welcome home.

 

 

Sunday 10-12 | 47 Asack Drive, South Dennis

This lovely home in a sought-after Dennis neighborhood offers sparkling hardwood and tile floors. It is conveniently located with easy access to amenities and all of life's needs. Sit back and enjoy morning coffee in the window wrapped sunroom while listening to the chirping birds in the peaceful yard. Step out on the Azek deck to feel the breeze coming through the trees that afford exceptional privacy. Entertain from the smartly appointed stainless kitchen with granite counters. Nestle with a book around the gas fireplace in the living room. Or enjoy a movie in the loft that is large enough to be both an entertainment center and grand home office. Take comfort in the first floor master bedroom that features an en suite lovely bath and walk-in closet. House your guests in the two second floor bedrooms. Take pride in the interesting architectural features. Delight in the fact that this home is low maintenance and economical to own with its solar panels. This is truly a joy to own.

 

Open Houses 10/13-10/14

Fall is a great time to get into the market on the Cape.  The weather is still beautiful and you don't have to elbow your way through crowds.  Check out these open houses and if you are interested in any of these homes or to learn more about any other homes on the Cape, contact us today.

13 Beachwood Road, South Yarmouth | Sunday 1-3 pm

First Open House! Don't compromise on quality. This extraordinary custom renovated luxurious cottage personifies the charm of the Cape. Every inch in each of the six rooms is crafted to perfection from end-grain butcher block counters and Baldwin hardware to granite steps, copper gutters, and decorative mullions all by Kenneth Vona Construction. Ocean views capture quintessential Cape Cod. This jewel is less than 50 paces to Nantucket Sound beach. For the discerning homeowner this is a true pleasure to own.

 

 

 

15 Denver Road #C3, West Yarmouth | Sunday 1-3 pm

Welcome to Cranberry Pointe - the best kept secret in Yarmouth. Brew some coffee in your light and bright kitchen, and enjoy it on your private master balcony or sun-dappled first-floor deck. On the way out, grab a sweater from one of the large walk-in closets. Care for some fresh air? You unit abuts acres of scenic cranberry bogs. Have hobbies? You'll love the full basement just waiting for your projects. All this less than 1 mile from the beach and 2 miles to downtown Hyannis. Low fees, exceptionally well maintained common areas...welcome home.

 

October Market Update 2018

September Review:

September saw further gains in inventory with 6.7 months supply of single family homes.  Since September and October generally experience the last of the summer listing frenzy before the winter slump and, with the rising interest rates and other market trends leading towards a more buyer favored market, the growth in inventory may continue into October at least.  Median sales price continues to move upward compared to last year and, as a point of growing regional concern, the affordability index for Barnstable County continues to trend downwards.  

Recent Market Summary

  July Aug. Sept.
Closed Sales 330 358 370
Inventory 2,071 2,182 2,291
Median Sales Price $440K $420K $437K
Avg Days on Market 83 90 89
Avg % of Original Price 96% 95% 95%

 

Featured Search: Close to the beach!

Blog Insights: Storm Preparation

 

Open Houses Columbus Day weekend 2018

Fall is a great time to get into the market on the Cape.  The weather is still beautiful and you don't have to elbow your way through crowds.  Check out these open houses and if you are interested in any of these homes or to learn more about any other homes on the Cape, contact us today.

 

10-12 Sunday | 2 Priscilla Lane, Dennis Port | JUST LISTED

The perfect Cape Cod home - tastefully decorated with large living room with gas fireplace, a great room that flows into the screened porch, patio, cute kitchen, full basement that is partially finished and a wonderful spacious lot that goes from Priscilla to The Other Road. Property is not located in a flood zone. Home has many upgrades and is in perfect condition.

 

 

 

10-12 Sunday | 438 Main St, Osterville | Price Reduced

Set yourself apart from the ordinary. This unique & refined home is to be enjoyed in summer and year long. Just minutes to Fancy's Market, library, post office, galleries, coffee & brunch; or to Dowses Beach for sunny walk or cooling dip; or launch a kayak down East Bay to Centerville River. This home is tastefully renovated with versatile floor plan ideal for entertaining. The heart of the home features a family room/kitchen combination that spills onto the large gracious sun room, deck & patio. The living room with lovely bay window is set apart allowing for intimate chats. 2 of the bedrooms each have private baths. There is additional large sleeping areas with half bath for visitors. The home is air conditioned throughout. Plenty of parking for guests. This is what life is all about.

10-12 Sunday | 9 River Road, West Dennis | Price Reduced

Bring your beach balls...This Cape Cod year-round getaway with proven rental history is turnkey ready for fun with plenty of room for outdoor games. It is being sold furnished along with the booked rentals. It is nestled on a cul-de-sac and features wood floors, three bedrooms, living room with cozy fireplace, nice sized eat-in kitchen, enclosed porch, wonderful deck for barbecues, and large storage shed. The location offers easy access to warm Nantucket Sound beaches, shopping, kayaking on the Swan River, and bicycling on the Cape Cod rail trail. It is well kept, has a newer furnace, a whole house fan, passing Title V septic system, and washer and dryer. This is a true gem.

1-3 Sunday | 47 Asack Drive, South Dennis | Great House

This lovely home in a sought-after Dennis neighborhood offers sparkling hardwood and tile floors. It is conveniently located with easy access to amenities and all of life's needs. Sit back and enjoy morning coffee in the window wrapped sunroom while listening to the chirping birds in the peaceful yard. Step out on the Azek deck to feel the breeze coming through the trees that afford exceptional privacy. Entertain from the smartly appointed stainless kitchen with granite counters. Nestle with a book around the gas fireplace in the living room. Or enjoy a movie in the loft that is large enough to be both an entertainment center and grand home office. Take comfort in the first floor master bedroom that features an en suite lovely bath and walk-in closet. House your guests in the two second floor bedrooms. Take pride in the interesting architectural features. Delight in the fact that this home is low maintenance and economical to own with its solar panels. This is truly a joy to own.

1-3 Sunday | 122 Annable Point, Centerville | Lake Front

This is Cape Cod in every regard--waterfront on sought-after Lake Wequaquet with private beach and private dock and unobstructed views. Tucked away in sunshine offering everything you could want in a vacation home: sail and swim from your dock your beach and play in the large yard. Sit on the sunny deck and wish your cares away. This home offers spacious living areas with room to relax in including an enclosed porch for those rare rainy days,a spacious vaulted great room with fireplace, three bedrooms, 2.5 baths, outdoor shower, and a boat shed/garage, plus a storage shed.