Buying On Cape Cod

Cape Cod Market Update July 2019

June Review:

Compared to this time last year median price and inventory are both up.  However Inventory compared to May is a small gain of only 25 homes.  It looks like the market entered the summer slow-down a bit earlier this year (usually it hits in July) with closed sales and new listings both down in June.  Apparently sellers were already getting ready for the beach last month.  The ever growing point of concern, not only on the Cape but nationally as well, is the affordability and availability of homes.  The Realtor professional publication states that the inventory shortage has reached 2.5 million homes.  Through normal economic interactions, such a severe deficit in available housing will continue to drive prices up as well as affect the rental markets (see California and New York's new rent control regulations).   The Realtor article features a few solutions and while none are new they will all be important to relieving the housing shortage.  Read more about ADUs, Opportunity Zones and more here.

 

Recent Market Summary

  Apr May June
    Closed Sales   331   441  361
   Inventory    1,982   2,032  2,067
   Median Sales Price   $425K     $427K   $450K
   Avg Days on Market   120   101  106
   Avg % of Original Price   94%   95%  95%

 

   Fun things to do this summer

    Top 5 Dog Walks on Cape Cod 

      

Cape Cod Open Houses Weekend 7/13-7/14 2019

Check out these open houses on Cape Cod this weekend.  If you are interested in any of these homes or to learn more about any other homes for sale on the Cape, contact us today.  Chatelain Real Estate agents are known for the excellent quality of service and professionalism they offer their clients and would love to help you find your dream home on Cape Cod.

 

Saturday 10-12 | 37B Uncle Stephens Road, West Dennis

A classic Cape Cod dune shack located directly on Nantucket Sound. Step in and enjoy the sun and sand or renovate and build your dream. Opportunities abound on this truly unique property with infinite potential.

 

 

 

 

Saturday 1-3 | 88 Pleasant Bay Road, Harwich

One floor living at its best. Delightful home centrally located. It features warm wood accents, an open floor plan, beamed vaulted ceiling, central AC, and sparkling hardwood floors throughout. The master bedroom with private bath has direct access through large slider to the deck. This home is nestled on a private acre of land that is convenient to Pleasant Bay for water recreation and to shopping, restaurants, groceries, post office and all life needs. Truly a joy to own.

 

 

Sunday 10-12 | 15 Ocean Ave, Harwich Port

This is an unbeatable sought-after location that features charming cottages, which share a love for summer fun. Nantucket Sound is merely 140 paces away and Harwich Port village center is less than a quarter mile for fine dining, shopping, art galleries, and more. This home an arts and crafts style bungalow renovated in 2013 , combines historic features, such as built-ins, charming decorative arched fireplace, carved brick mantle and dark wooden beams with modern bathrooms, kitchen, and infrastructure upgrades. The ocean is viewable from both up and downstairs porches and the master bedroom. It is a larger home with adequate room for large gatherings. Long standing solid rental history is available. The newly upgraded septic system makes this ready to go.

 

Cape Cod Open Houses Weekend 6/29-6/30 2019

Check out these open houses on Cape Cod this weekend.  If you are interested in any of these homes or to learn more about any other homes for sale on the Cape, contact us today.  Chatelain Real Estate agents are known for the excellent quality of service and professionalism they offer their clients and would love to help you find your dream home on Cape Cod.

 

Saturday 1-3 | *Brand New to Market* | 109 Nottingham Drive, Yarmouth Port

So new it doesn't even have a photo yet!  Be the first to see it on Saturday!

 

Saturday 10-12 | 15 Ocean Ave, Harwich Port

This is an unbeatable sought-after location that features charming cottages, which share a love for summer fun. Nantucket Sound is merely 140 paces away and Harwich Port village center is less than a quarter mile for fine dining, shopping, art galleries, and more. This home an arts and crafts style bungalow renovated in 2013 , combines historic features, such as built-ins, charming decorative arched fireplace, carved brick mantle and dark wooden beams with modern bathrooms, kitchen, and infrastructure upgrades. The ocean is viewable from both up and downstairs porches and the master bedroom. It is a larger home with adequate room for large gatherings. Long standing solid rental history is available. The newly upgraded septic system makes this ready to go.

 

Saturday 1-3 | 88 Pleasant Bay Road, Harwich

One floor living at its best. Delightful home centrally located. It features warm wood accents, an open floor plan, beamed vaulted ceiling, central AC, and sparkling hardwood floors throughout. The master bedroom with private bath has direct access through large slider to the deck. This home is nestled on a private acre of land that is convenient to Pleasant Bay for water recreation and to shopping, restaurants, groceries, post office and all life needs. Truly a joy to own.

 

 

Cape Cod Open Houses Weekend 6/22-6/23 2019

Check out these open houses on Cape Cod this weekend.  If you are interested in any of these homes or to learn more about any other homes for sale on the Cape, contact us today.  Chatelain Real Estate agents are known for the excellent quality of service and professionalism they offer their clients and would love to help you find your dream home on Cape Cod.

 

Saturday 1-3 | 37b Uncle Stephens Rd, West Dennis

 Last dune shack left in Dennis. Use as is or bring your imagination and build your dream. A must see!

 

 

 

 

 

 

Saturday 10-12 | 291 Lower County Road, Dennis Port

Fall in love with this adorable Dennis Port Condo. Perfectly situated between beach and town, this charmer is just waiting to give its next owners years of fun and fond memories. Sea Street beach is less than .5 miles away on sleepy seaside lanes. After a day of fun in the sun, enjoy Dennis Port Village's restaurants, galleries, taverns, library, village green and more, under 1 mile away. Lovingly maintained by its current owners, this Cape Escape has everything you need, and nothing you don't. Leave your worries in the car, slip on your flip flops, and welcome to Cape Cod...

Cape Cod Open Houses Weekend 6/15-6/16 2019

Check out these open houses on Cape Cod this weekend.  If you are interested in any of these homes or to learn more about any other homes for sale on the Cape, contact us today.  Chatelain Real Estate agents are known for the excellent quality of service and professionalism they offer their clients and would love to help you find your dream home on Cape Cod.

 

Saturday 10-12 | 37b Uncle Stephens Rd, West Dennis

 Last dune shack left in Dennis. The perfect place to ''Waste Away in Margaritaville!'' Use as is or bring your imagination and build your dream. A must see!

 

 

 

 

Saturday 1-3 | 88 Pleasant Bay Road, Harwich

One floor living at its best. Delightful home centrally located. It features warm wood accents, an open floor plan, beamed vaulted ceiling, central AC, and sparkling hardwood floors throughout. The master bedroom with private bath has direct access through large slider to the deck. This home is nestled on a private acre of land that is convenient to Pleasant Bay for water recreation and to shopping, restaurants, groceries, post office and all life needs. Truly a joy to own.

 

 

*NEW TO MARKET* Saturday 1-3 | 44 Damon Road, Brewster 

So new in fact you won't even find this listing advertised yet, it goes live Friday... so get a chance to see it first on Saturday!

Cape Cod Real Estate Market Update June 2019

May Review:

  Year over year the inventory is up 6.1% and has also been steadily increasing since January.  With new listings down from last year and flat compared to last month we will be keeping an eye on how this will affect inventory going forward though.  What will also be influencing the market for the foreseeable future is the incredibly low mortgage rate.  At the time of writing Cape Cod Five and the Cooperative Bank of Cape Cod both have their 30 year fixed mortgage rates at 3.875%, which is exceptionally low and certainly an aid to buyers.  Furthermore the median price for single family homes is essentially flat from this time last year and only slightly up from last month.  Do we know what the future holds?  Nope.  But we can say that right now the market is fairly well balanced between buyers and sellers which means it is a good time to both sell and buy.

 

Recent Market Summary

  Mar Apr May
    Closed Sales   291   331   441 
   Inventory    1,837   1,982   2,032 
   Median Sales Price   $421.5K     $425K     $427K  
   Avg Days on Market   120   120   101 
   Avg % of Original Price   93%   94%   95% 

 

    Rainy Day Activities: Spring Cleaning   

    Check out a video clip featuring Paul and Dennis'   

    initiative to keep the beaches clean   

      

Cape Cod Open Houses Memorial Day Weekend 2019

Check out these open houses on Cape Cod this weekend.  If you are interested in any of these homes or to learn more about any other homes for sale on the Cape, contact us today.  Chatelain Real Estate agents are known for the excellent quality of service and professionalism they offer their clients and would love to help you find your dream home on Cape Cod.

 

Saturday 10-12 | 37b Uncle Stephens Rd, West Dennis

*PRICE REDUCED * on the last dune shack left in Dennis. Use as is or bring your imagination and build your dream. A must see!

 

 

 

 

 

Saturday 10-12 | 15 Ocean Ave, Harwich Port

This is an unbeatable sought-after sweet location that features charming cottages, which share a love for summer fun. Nantucket Sound is merely 140 paces away and Harwich Port village center is less than a quarter mile for fine dining, shopping, art galleries, and more. This home an arts and crafts style bungalow renovated in 2013 , combines historic features, such as built-ins, charming decorative arched fireplace, carved brick mantle and dark wooden beams with modern bathrooms, kitchen, and infrastructure upgrades. The ocean is viewable from both up and downstairs porches and the master bedroom. It is a larger home with adequate room for large gatherings. Long standing solid rental history is available. Septic is being upgraded.

 

Saturday 1-3 | 291 Lower County Rd unit A, Dennis Port

Fall in love with this adorable Dennis Port Condo. Perfectly situated between beach and town, this charmer is just waiting to give its next owners years of fun and fond memories. Sea Street beach is less than .5 miles away on sleepy seaside lanes. After a day of fun in the sun, enjoy Dennis Port Village's restaurants, galleries, taverns, library, village green and more, under 1 mile away. Lovingly maintained by its current owners, this Cape Escape has everything you need, and nothing you don't. Leave your worries in the car, slip on your flip flops, and welcome to Cape Cod...

 

 

Sunday 1-3 | 560 Millstone Rd, Brewster

This light and bright ranch checks all the boxes - 3 good sized bedrooms, en-suite master bath, 2 car garage, full basement, gas generator, fireplace, irrigation, gleaming hardwood throughout. Walk-up attic offers many possibilities. Perfectly located less than 2 miles to Brewster's fantastic beaches and across the street from Nickerson State Park with trails, camping, fishing and more. Nicely situated far off the road on an attractive 1.4 acre wooded lot. Exceptionally well maintained and very lightly used since it was built in 2002. Nothing to do but move in and enjoy.

 

 

 

Sunday 1-3 | 88 Pleasant Bay Rd, Harwich

One floor living at its best. Delightful home centrally located. It features warm wood accents, an open floor plan, beamed vaulted ceiling, central AC, and sparkling hardwood floors throughout. The master bedroom with private bath has direct access through large slider to the deck. This home is nestled on a private acre of land that is convenient to Pleasant Bay for water recreation and to shopping, restaurants, groceries, post office and all life needs. Truly a joy to own.

Cape Cod Open Houses Weekend 5/18-5/19 2019

Check out these open houses on Cape Cod this weekend.  If you are interested in any of these homes or to learn more about any other homes for sale on the Cape, contact us today.  Chatelain Real Estate agents are known for the excellent quality of service and professionalism they offer their clients and would love to help you find your dream home on Cape Cod.

 

Saturday 1-3 | 88 Pleasant Bay Rd, Harwich

One floor living at its best. Delightful home centrally located. It features warm wood accents, an open floor plan, beamed vaulted ceiling, central AC, and sparkling hardwood floors throughout. The master bedroom with private bath has direct access through large slider to the deck. This home is nestled on a private acre of land that is convenient to Pleasant Bay for water recreation and to shopping, restaurants, groceries, post office and all life needs. Truly a joy to own.

 

 

Sunday 10-12 | 15 Ocean Ave, Harwich Port

 This is an unbeatable sought-after sweet location that features charming cottages, which share a love for summer fun. Nantucket Sound is merely 140 paces away and Harwich Port village center is less than a quarter mile for fine dining, shopping, art galleries, and more. This home an arts and crafts style bungalow renovated in 2013 , combines historic features, such as built-ins, charming decorative arched fireplace, carved brick mantle and dark wooden beams with modern bathrooms, kitchen, and infrastructure upgrades. The ocean is viewable from both up and downstairs porches and the master bedroom. It is a larger home with adequate room for large gatherings. Long standing solid rental history is available. Septic is being upgraded.

 

Sunday 1-3 | 37b Uncle Stephens Rd, West Dennis

 Last dune shack left in Dennis. The perfect place to ''Waste Away in Margaritaville!'' Use as is or bring your imagination and build your dream. A must see!

Cape Cod Market Update May 2019

April Review:

We are glad to see inventory building up in 2019.  With approximately 5.8 months of inventory of single-family homes the market is reaching sustainability (particularly favoring neither buyers nor sellers).  It is also worth noting that the year-over-year comparisons of month's supply has been up since July 2018 which could indicate that we have passed the minimum supply level in this market cycle.  However ever increasing median sales prices led to a 2% drop in affordability in April (down to 85), a point of growing concern for the long-term health of the Cape Cod real estate market.  While single-family homes continue to be below 100 on the affordability index the condominium market has essentially been increasing its affordability since October 2018.  Condominium affordability is at 144 on the index, which means Barnstable County's median household income is 144% of what is necessary to qualify for the median priced condominium.

Recent Market Summary

  Feb Mar Apr
    Closed Sales   201   291   331 
   Inventory    1,693   1,837   1,982 
   Median Sales Price   $408K     $421.5K    $425K 
   Avg Days on Market   130   120   120 
    Avg % of Original Price   91%   93%   94% 

 

    Ask Agnes: Best Freshwater Beaches on Cape Cod          

    DIY Cape Cod Homeowner Tips to

    Sell Your House For More - Keep Your Roof Clean!

      

Cape Cod Open Houses Weekend 5/11-5/12 2019

Check out these open houses on Cape Cod this weekend.  If you are interested in any of these homes or to learn more about any other homes for sale on the Cape, contact us today.  Chatelain Real Estate agents are known for the excellent quality of service and professionalism they offer their clients and would love to help you find your dream home on Cape Cod.

Saturday 10-12 | 37-b Uncle Stephens Road West Dennis

 Last dune shack left in Dennis. The perfect place to ''Waste Away in Margaritaville!'' Use as is or bring your imagination and build your dream. A must see!

 

 

 

 

Saturday 1-3 | 88 Pleasant Bay Road Harwich

One floor living at its best. Delightful home centrally located. It features warm wood accents, an open floor plan, beamed vaulted ceiling, central AC, and sparkling hardwood floors throughout. The master bedroom with private bath has direct access through large slider to the deck. This home is nestled on a private acre of land that is convenient to Pleasant Bay for water recreation and to shopping, restaurants, groceries, post office and all life needs. Truly a joy to own.

 

 

 

Saturday 1-3 | 560 Millstone Road Brewster

This light and bright ranch checks all the boxes - 3 good sized bedrooms, en-suite master bath, 2 car garage, full basement, gas generator, fireplace, irrigation, gleaming hardwood throughout. Walk-up attic offers many possibilities. Perfectly located less than 2 miles to Brewster's fantastic beaches and across the street from Nickerson State Park with trails, camping, fishing and more. Nicely situated far off the road on an attractive 1.4 acre wooded lot. Exceptionally well maintained and very lightly used since it was built in 2002. Nothing to do but move in and enjoy.