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Cape Cod News

Cape Cod Fireworks Parades and Concerts 2017

Cape Cod is a great place to spend the summer.  In addition to a day at the beach, why not spend an evening enjoying one of the many displays of fireworks across the Cape?  Or take in an evening concert.  Also don't forget the numerous parades on the 4th of July.  Check out the CapeCod.com list and free concerts from the Arts Foundation of Cape Cod and see our additions below.  We will be updating this as we gather new information so check back again!

Fireworks

July 2nd

Orleans
Rain date July 6th
Time: Dusk
Place: Rock Harbor

July 4th

Falmouth
Time: Dusk
Place: Falmouth Heights Beach

Hyannis
Rain date September 2, 2017
Time: Dusk
Place: Lewis Bay

Provincetown
Time: Dusk
Place: MacMillan Wharf

August 26th

Dennis
Time: 7pm
Place: West Dennis Beach

 

Parades

July 4th

Orleans
Time: 10am

Wellfleet
Time: Antique Cars at 9:30am – Float Parade at 10am
Location: Start at the Town Pier

Sandwich Boat Parade
Time: 9pm
Location: Shawme Pond

July 8th

Chatham Boat Parade
Time:12:30-1:30pm
Location: Start and end at Stage Harbor, turning around at Oyster Pond Beach

 

Concerts

Dennis Port
Time: 6pm
Location: Dennis Port Village Green: Hall St
Tuesdays 7/11 - 8/8
Thursdays 7/6 - 7/27

Orleans
Location: Various - Village Green, Parish Park, Main St Square, Art Cottages, Orleans Marketplace
Tuesdays 7/11 - 8/15
Check out the Chamber's Facebook Events Page or the webpage for the chamber for more information

Sponsored by TD Bank

 

Things to do in Brewster, Cape Cod MA

Ask Agnes: Vol II

Again we find ourselves looking for some wonderful things to do on Cape Cod.  This time our 'Ask Agnes' feature explores Brewster and some of its hidden (or sometimes overlooked) gems.

Cape Cod Chatelains: 'Hey Agnes, the kids are driving me nuts, what can I do with them?'

Agnes: 'First and foremost is the Cape Cod Museum of Natural History. Museum of Natural History This treasure located right on route 6A in Brewster contains a variety of fascinating and enriching exhibits and nature trails.  I especially like to check out the bees which have a hive sandwiched between two pieces of glass so that you can watch them at work.  When I get tired of being inside the miles of walking trails are a wonderful respite.  Travelling over the marsh, through the woods and all the way to the Bay they are an education in the local biology and geology with every step.  If the kids need to get out some wiggles the summer program and Mudflat Mania! are both great opportunities for the kids to have a great time and learn something to boot.'

CCC: 'Sounds great.  Is anything else close to there?'

Paines CreekA: 'I'm glad you asked.  Just on the east side of the marsh is Paines Creek Landing and Beach. This beach generally does not get as swamped with people as some of the other beaches around (but as always get there early).  In addition the 'creek' which is tidal, is a blast for riding with the tide on a tube.  The current can rip through there though, so keep an eye on young ones.  GristmillWhat is truly fascinating is that Paines Creek (its name North of 6A) is also Stony Brook (its name south of 6A) and, in the spring, herring swim against the current to Mill Pond to spawn.  You can enjoy this natural spectacle at the Stony Brook Grist Mill, which is a truly magical site, also...'

 

CCC: 'Wow, there is a lot to do in a small space!'

A: 'Hold on I wasn't finished.  Also you can go to Drummer Boy Park and enjoy the playground.  At different times the Brewster Historical Society holds events here (along with a lot of other groups) and you should be sure to go when the windmill and the blacksmith are open.'

CCC: 'Wonderful, as usual we are dually impressed with your knowledge of the area.  Thanks Agnes.'

A: 'I have a lot more to say about Brewster though!  It's such a great town!'

 

Well thank you again Agnes, we are lucky to have your decades of experiences here on Cape Cod.  Also see our previous blog about places to walk your dog as there are some references to Brewster locations in there too.  As always, please contact us with any questions about your real estate needs, we are happy to help.

Zestimates as appraisals

We have been tracking an interesting development with the 'Zestimate' function of Zillow.  You can find an article here by Kenneth Harney in the Washington Post and another here by Rachel Koning Beals of Market Watch.  To briefly summarize Zillow.com uses a feature involving a proprietary algorithm that pulls sales data and other factors (again we aren't sure what these factors are exactly) and produces an estimate on the price of the property.  From Zillow's own definition found on their website "The Zestimate® home value is Zillow's estimated market value for an individual home and is calculated for about 100 million homes nationwide. It is a starting point in determining a home's value and is not an official appraisal. The Zestimate is automatically computed daily based on millions of public and user-submitted data points."

Currently a class action lawsuit has been filed in Cook County, Illinois that claims the Zestimates® look too much like official appraisals and are misleading consumers.  In addition the suit points out that no consent is given by the homeowner for an estimate to be posted online.    

Our take?  In the absolute simplest terms real estate is a market like any other and the market determines the price (not Zillow, not your neighbor and not even your real estate agent).  Take this example, a house lists at $400,000, five buyers appear on the first day and each offer full price for the house.  The seller allows for the 5 buyers to present their final and best offer which turns out to be $420,000.  In this case the high demand allowed for a higher sale price.  If the house appraised at $400K it likely would still have sold for $420K because the MARKET demand was so high.  The alternative: a house lists for $400,000 and is appraised for the same.  However, in this hypothetical market there are lots of houses just like this one for sale.  The house is eventually sold after a very long time for $375,000 because the high supply of similar homes and low demand from buyers influenced the price for the home - the MARKET dictated the sale price.  

Do we think we know about writing a sophisticated algorithm that analyses millions of data points and synthesizes the result into an estimate of value?  Absolutely not.  Do we know if the new town zoning law restricting improvements to land adjacent to a salt marsh affects the price of your undeveloped land?  You bet.

Why don't you give us a call and see if three decades of experience and two generations of tradition can help you in the real estate market here on Cape Cod. For a professional home valuation done by local agents click here.

 

 

PIGS and SNOWDROPS

This week on the cape has seen the full array of February weather.  From cold mornings to beautiful sunny days, evidence abounds that Spring is desperately trying to emerge.  In fact, one of the best indications that winter is almost over is the patch of snowdrop flowers peeking out of the ground at our listing on 14 Amos Road in West Yarmouth.  Looking ahead to the weekend’s forecast, we see the potential for some sprinkling but hopefully, for the sake of the families down on The Cape for February vacation, the weather - as well as the temperature - holds up.  Here’s hoping for continuing warming weather!

 

Snowdrop at 14 Amos


In other news, our office at 15 Cape Lane Brewster, saw some interesting activity yesterday when a local pig - no kidding -  went hog wild and escaped from its home.  The Brewster Police and and local reporters were on the scene down the street (check out the story here).  While we are not sure if it is looking for rental or investment properties, we want our prominent porcine friend to know the Cape Cod Chatelains have a nice piece of property for sale in Sandwich that may be perfect for a small farm animal (as long as the Sandwich isn’t a BLT).

 

 

CAPE COD SECOND HOME OWNERSHIP

Seasonal/Recreational/Occasional Use Homes also known as Second Homes

Have you ever wondered as you are driving around the Cape, how many homes are not primary residences?  It is a surprise to find out how different the percent of second homes is in the various towns.  Below are the percentages noted in the 2010 US Census Demographic Profile Data.      

  • Sandwich            13          
  • Bourne                20.6
  • Falmouth             32.3
  • Mashpee             34.5
  • Barnstable           22
  • Yarmouth             31
  • Dennis                 50.9
  • Brewster              39.6
  • Harwich               40.5
  • Chatham              52.9
  • Orleans                38
  • Eastham              55.8
  • Wellfleet               64
  • Truro                    64.6
  • Provincetown        52.8

Home ownership rates down, but don't be discouraged

According to the US Census bureau's third quarter housing report released this week, home ownership rates in America are down to their lowest point in 19 years.  Sounds like bad news for buyers and sellers alike, right?  Not so fast...a closer look reveals that buyer behavior has more to do with it than strict market conditions. 

Mortgage rates have been stable over the last 18 months, and are still at near-historic lows -- yesterday's advertised rate for a 30-year fixed mortgage at one local bank was 4% - exactly what it was in June of last year.  In addition, lending standards have loosened considerably over the last year.  We are seeing bridge loans, asset-based underwriting, and first-time homebuyer products hitting the market for the first time since 2008.  In fact, USDA, FHA and MA Housing all now offer low-to-no down payment products with little or no PMI.  The bar for first time homeownership has not been lower in many, many years.

So why are ownership rates so low?  According to industry analysts, it is the changing life choices of millenials that are driving market conditions.  Young people are getting married later, having children later, and consequently waiting longer and longer to buy a home.  Sam Zell of Equity Residential was quoted in Bloomberg as saying that "the deferral of marriage has...a staggering impact on real estate."

There hasn't been a better time to buy a home in recent memory - near-historically low interest rates, continually loosening lending and underwriting standards, and a balanced local inventory ensure that you can find a home at a good price, finance it at a great rate, and put very little money down.

As always, if you are thinking of buying, give us a call - we would be delighted to answer your questions, and help you take advantage of this excellent market.  We look forward to hearing from you!

 

 

Holiday Stroll Dennis Port Village

Dennis Port Village Holiday Stroll

The fall is here and we are all planning for the fast approaching holiday season. There are many quaint villages that offer unique shopping opportunities. For example, Dennis Port Village is a great place to enjoy an afternoon shopping with its unique gift and specialty shops, restaurants and numerous other services. On December 9th between 11 am until 4 pm Dennis Port Village will hold its Holiday Stroll. There will be treats for all and a time to kick back and enjoy. Keep this village in mind as you travel through the holiday season.

Orioles and Grape Jam

It is almost summer on Cape. The rhododendrons are flowering. The trees are all in full leaf. The weather is warming nicely and the birds have returned. And, those lovely Baltimore Orioles have arrived. If you would like to attract them, put some grape jam-not jelly-in a dish near your bird feeders and keep a wary eye. Amazingly, the orioles will find it and continue to come around as long as you provide them with the treat. And yes, those ubiquitous clowning chipmunks will find it and keep you entertained as well. If you are a nature lover dont miss out on our Weeks Pond property in Sandwich--a bird lover's delight. Nice open floor-plan with lots of windows and opportunities to view wildlife of all sorts. The Cape offers such wonderful opportunities come and enjoy.

Veterans Day

Honor our Veterans

American Flag Wikipedia

We'd like to take this opportunity to thank everyone who has served in the armed forces and thereby made possible the freedom and wonderful lifestyle that we soenjoy in the United States. Veterans Day is a special opportunity to acknowledge the sacrifice and service of so many individuals. We invite you to join usin thankingVeterans and their families this Veterans Day and every day.

A sincere and heartfelt thank you!

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Client Testimonials

Ned and the entire Chatelain team could not have been more professional, helpful and good at what they do. We had a challenging sale, given the time of year and condition of the house. Ned took all the appropriate steps to market the house in an aggressive manner and addressed all the details once qualified buyers were found. We especially appreciated how available Ned was to meet certain parties at the house (cleaners; care takers; movers; etc.), given that we had since left the Cape.  Please give Ned a call….you won’t be disappointed.    

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