After more than 25 years of living, working and playing on Cape Cod we have a lot to share about the area. Our blog topics run the gamut from fun things to do, working with contractors, and homeownership tips and tricks, so check back frequently to see what's new. If you have questions or would like to learn more about Cape Cod or owning property on this beautiful peninsula please contact us for more information and to set up a showing for any listing.
June Review:
"Stability" is far too strong a word to use, but long-term real estate trends in many metrics demonstrate that we are past inflection points in the market. In plain terms, Cape Cod is digging out of the real estate market impacts from COVID, but the new reality looks different. Let's do some digging of our [...]
May Review:
The May Cape Cod real estate market demonstrated what felt like a more normal market. Let's take a closer look at the data.
Inventory is the highest since pre-COVID. Don't misunderstand me, inventory is not "high", but it's gaining ground with about 650 homes for sale. For comparison we had about 460 homes on the market in May [...]
Spring Review:
The beginning of the 2024 Cape Cod real estate market is showing some interesting trends. Let's take a closer look at the data through April.
Median Sales Price remains high. April had the second highest median sales price ever, bested only by October in 2023. Despite some bumps, the overall trend over the last 3 years is [...]
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 [...]
January Review:
The Cape Cod real estate market began 2024 with some improvements over last year, but will they be enough to correct the deplorable dearth of inventory and the horrendously high prices? Let's take a closer [...]
December Review:
The December Cape Cod real estate market was quiet, much as expected, with low inventory, few closings, and continued high prices.
Inventory remains low. The number of single family homes for sale in December was 400, down 11% compared to 2022. It would not be a surprise if inventory remains low because new listings were [...]
November Review:
The Cape Cod real estate market began the winter slowdown in November indicated by fewer closings and new listings. Despite slightly more favorable mortgage rates, low inventory and near-record home prices continue to make buying a [...]
October Review:
Good news today for buyers with mortgage rates dropping significantly; however, with median prices continuing to rise and inventory continuing to decrease, the Cape Cod real estate market still significantly favors [...]