Cape Cod News

Cape Cod Market Update October 2019

September Review:

  The fall market is looking lackluster now that the September numbers are in.  With new listings, closings, and inventory down we did not see as significant an amount of activity in the market as this time last year.  With inventory countywide at a 6 month month level,  neither buyers nor sellers see a great advantage currently.  Not all markets are seeing this balance though so don't hesitate to check in if you are curious about a certain subset of the market (i.e. towns or price ranges).  Additionally, the lack of new listings may lead to a further drop in supply of inventory but fewer buyers in the market may not result in much change going into the usually slower holiday season.  Nationally a strong economy and low mortgage rates are helping to keep the real estate market active.

For more market data check out our blog category Real Estate Trends.

Recent Market Summary

    July     Aug     Sept  
    Closed Sales    341     382     339  
   Inventory     2,044     2,082     2,090  
   Median Sales Price   $435K     $431K     $452K  
   Avg Days on Market    101     90     98  
   Avg % of Original Price    94%     94%     94%  

 

Check out these two blogs for more valuable insight into real estate on Cape Cod

 

  5 Things to do before listing your home  

    Shellfish Season is Here!  

      
   

Cape Cod Open Houses Weekend 8/24-8/25 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 | 15 Ocean Avenue, 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 10-12 | 61 Cranberry Lane, South Yarmouth *First Look*

So new to market it isn't even listed in MLS yet!  Get a first look on Saturday!

 

 

 

 

 

Saturday 1-3 | 109 Nottingham Drive, Yarmouth Port

Bring your personal touches and enjoy one of the most sought after Yarmouth Port locations. This exceptionally spacious home offers one floor living and plenty of room for guests. The setting is private but not remote. The living room opens to the deck and has a fireplace. The kitchen and breakfast nook next to the formal dining room allow for easy entertaining. The den/home office is set apart for quiet use. The first floor master bedroom with en suite bath opens to the deck for morning coffee. The other two bedrooms each have sitting areas. The home is nicely sited on the lot. An opportunity not to be missed.

 

Cape Cod Market Update August 2019

July Review:

   Compared to this time last year, July saw only slight variation in four of the six metrics we investigate for this blog (pictured at right).  Days on market was up significantly compared to this time last year; however it was down compared to June.  Additionally the number of new listings was down nearly 15% compared to last year and lost about 9% compared to June this year.  With all of this in mind we are seeing a normal decline in market activity due to the seasonality of our area.  Nationally, mortgage interest rates are exceptionally low yet affordability continues to be a serious concern.

 

 

Recent Market Summary

  May June   July  
    Closed Sales   441  361   341  
   Inventory    2,032  2,067   2,044  
   Median Sales Price   $427K     $450K     $435K  
   Avg Days on Market   101  106   101  
   Avg % of Original Price   95%  95%   94%  

 

Check out these two blogs for more valuable insight into real estate on Cape Cod

 

   Our Take: Are sharks really taking a bite out of the Cod Cod Summer Rental Market?

    Owning a Septic System on Cape Cod

      

Cape Cod Tornado - Storm Resources 2019

Gilbert Road in Dennis PortWell.  A tornado on Cape Cod is certainly not something we ever seriously considered.  We are glad first and most importantly that there appear to be no serious injuries or deaths as a result of the storm.  To make things easier, here is a list of resources that you can check for information regarding the storm repairs.  Finally a heartfelt thank you to all of the first responders, linemen, and landscapers working overtime to get everything cleaned up.

Last updated 7/24/19 10:15am

Emergencies - 911

Barnstable County Emergency Shelter Locations Map

Eversource (Electricity)

   Report an outage

   Outage Map

Most Affected Towns - for all list of all towns click here

    Town of Barnstable

    Town of Yarmouth

    Town of Dennis

    Town of Harwich - Heavy damage, critical updates here

    Town of Chatham

News

   NPR WCAI Radio 94.3

   WXTK News Radio 95.1

   Cape Cod Times

Cape Cod Open Houses Weekend 7/27-7/28 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 | 15 Ocean Avenue, 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 10-12 | 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 just down from Wequasett and Pleasant Bay Beach for water recreation. Near Chatham for shopping and restaurants. Groceries, post office and all life needs near by. A beautiful home to own and enjoy all aspects of the Cape with expansion possibilities.

 

Saturday 1-3 | 109 Nottingham Drive, Yarmouth Port

Bring your personal touches and enjoy one of the most sought after Yarmouth Port locations. This exceptionally spacious home offers one floor living and plenty of room for guests. The setting is private but not remote. The living room opens to the deck and has a fireplace. The kitchen and breakfast nook next to the formal dining room allow for easy entertaining. The den/home office is set apart for quiet use. The first floor master bedroom with en suite bath opens to the deck for morning coffee. The other two bedrooms each have sitting areas. The home is nicely sited on the lot. An opportunity not to be missed.

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 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   

      

Memorial Day 2019 Cape Cod Events

Thank you to all of the men and women who served in the armed forces.  Here is a brief list of events this weekend on Cape Cod.

Saturday

Operation Flags for Vets: 10 a.m. Saturday, Massachusetts National Cemetery, Bourne.

Sunday

Massachusetts National Cemetery Memorial Day Program: 1 p.m. Sunday, off Connery Avenue (at flagpole and memorial path), Bourne.

12th Annual Troops in the Spotlight Event: Kmart Plaza, 790 Iyannough Road, Hyannis. Opening ceremony, 11:30 a.m. Sunday, featuring special honor ceremony for Vietnam vets at 2 p.m.; flag-lowering ceremony and playing of Taps, midnight. Closing ceremony 11 a.m. Monday. www.capecod4thetroops.com.

Monday

Brewster: Veterans of Foreign War No. 9917 parade beginning at noon on Route 6A from Brewster Baptist Church to the Council on Aging.

Centerville: Memorial Day pancake breakfast, 8 to 11 a.m. Monday, Our Lady of Victory Hall, 230 South Main St., Centerville. $7, $4 children under 12, free ages under 3. www.centervillecivic.org/pancakebreakfast.html.

Chatham: Participants will assemble at Veterans Field Road parking lot at 9:30 a.m. and begin walk to five memorial sites at 9:55 a.m., with each stop featuring brief ceremony, wreath placement, rifle salute and playing of taps. Ceremony will be at 10 a.m. in Community Center, 702 Main St.

Dennis: Parade will assemble at 8:45 a.m. and step off at 9:30 a.m. from corner of Signal Hill Road and Route 6A and proceed to Dennis Village Green, where program with speakers and music by Dennis-Yarmouth Regional High School Band will begin at 10 a.m. (If inclement weather program to be held at Dennis Senior Center, Route 134, East Dennis).

Eastham: Ceremony to commemorate veterans from families of Eastham will begin at 9 a.m. on Windmill Green, across from Town Hall, 2500 Route 6. Master of Ceremonies: Dave Schropfer. Will feature readings and participation by Eastham Police and Fire departments and U.S. Coast Guard Auxiliary.

Falmouth: March from Village Green to Falmouth Public Library, 300 Main St., will begin at 9:45 a.m., with ceremony at 10 a.m. Keynote speaker: retired Air Force Lt. Col. Elizabeth S. Sweeney.

Harwich: Ceremony will begin at 9:40 a.m. at Brooks Park, Harwich Center. Music by Harwich Town Band.

Hyannis: John F. Kennedy Memorial Trust Fund Committee’s annual Memorial Day ceremony will begin at 12:15 p.m. at John F. Kennedy Memorial, Ocean Street, Hyannis. Includes Cub Scouts from Pack 54, Barnstable Police Department Honor Guard and other special guests. The 2016 JFK Memorial Trust Fund Scholarship will be awarded to a Barnstable High School graduate.

Mashpee: Ceremony will begin at 10 a.m. at Mashpee Community Park and Veterans Garden, Main Street and Great Neck Road North.

Orleans: Ceremony will begin at 10 a.m. at Orleans Yacht Club, Cove Road.

Provincetown: Ceremony will begin at 11 a.m. at Doughboy Monument by Town Hall. Presentation of the colors by U.S. Coast Guard Station Provincetown.

Sandwich: Annual American Legion Post 188 Memorial Day parade will form at 9 a.m. and step off at 10 a.m. at Henry T. Wing School, 33 Water St.

Wellfleet: Program will run from 8:30 to 10:30 a.m. in front of Town Hall, 300 Main St., sponsored by American Legion Post 287.

Yarmouth: Ceremony will begin at 11 a.m. at Yarmouth Town Hall front lawn, 1146 Route 28, South Yarmouth.

And thank you to Cape Cod Online for compiling these events

Tags

Cape Cod Open Houses Weekend 3/30-3/31 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.

 

Sunday 11-2 | 15 Ocean Ave Harwich Port | Featured Cape House Hunt in the Cape Cod Times

This is an unbeatable 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.

 

*NEW TO MARKET* | Saturday 10-12 | 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.

 

 

 

Cape Cod Open Houses Weekend 3/23-3/24 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.

 

PRICE REDUCED | Saturday 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.

 

Saturday 1-3 | 88 Pleasant Bay Road Harwich

Delightful home centrally located. It features one floor living, warm wood accents, an open floor plan, beamed vaulted ceiling, 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.