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Real Estate Forcast

Real Estate Forecast for 2012

National economists on average paint 2012 with cautious optimism given the fact that the volume of distress properties is dwindling, unemployment is down, and an inkling of consistent economic growth is evident. Because all real estate markets are driven by the local economy, it is important to look closer at particular areas to paint an accurate picture. The Cape Cod real estate market is no exception. We find:

  1. Inventory is shrinking--there were fewer properties for sale in December than November 2011.
  2. The number of sold properties is up-- in December 2011 13.2% more properties sold than in the previous month.
  3. The number of properties under contract increased by 36.3% in 2011 over 2010.
So, when you see the real estate forecast in the media, keep in mind that Cape Cod is unique and fairing much better than the National average.

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Client Testimonials

Agnes, Thanks to you and Ned and Ed for all your support throughout this process.  You walked us through this process and were very patient with us every step of the way.  Your willingness to work hard on this sale, even when your experience told us we had priced the house too high demonstrated how professional you and your team are.  Your frequent communication and honest feedback was so important to us.  We knew that you were the right agent for us when we asked for your honest opinion, before we signed a sales agreement, on what the house was worth.  You came back with a figure that was less than we hoped, but right on the money.  Other agents gave us inflated unrealistic figures. Agnes, you deserve to go around telling the doubters, “I told you so.”  They thought there were too many problems with the house for it to sell.  You proved them wrong and sold it in less than 60 days - not the 500 we were prepared for.   Thanks for everything.  We’re coming to you for our next move - hopefully it will be awhile :)  

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