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Blog :: 2017

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

Sponsored by TD Bank

 

Open Houses

We are having an open house extravaganza this weekend!  Four wonderful properties featured from Barnstable Village to East Dennis.  If you are interested in viewing all open houses in the area click here.

 

9 Osborn Snow Drive, East Dennis | $2,200,000

 

    This home is not to be missed.  From the three gas fireplaces to warm your heart, to the 900 bottle wine cooler to keep your guests cool, this luxury home has every amenity and the views to match.  

Come and take a look Sunday 6/25 from 1-3pm

 

 

41 Deacon Court, Barnstable Village | $610,000

   

    With the feel of a country home including exposed beams and a warm gas hearth, this home will warm your heart too.  1.29 acres of beautifully manicured landscaping and so close to Barnstable Village this one is not to be missed.

Come and take a look Saturday 6/24 from 1-3pm

 

 

33 Aunt Janes Way, Bass River Yarmouth | $439,000

 

    A stroll away from the windmill on Bass River and one of the prettiest neighborhoods for a Sunday drive, ride or walk this home is a perfect opportunity for someone looking to modernize a home in a phenomenal location.

Come and take a look Sunday 6/25 10-12

 

 

14 Braun Road, West Yarmouth | $399,000

 

    This home has the livability of a ranch including a first floor master with the benefit of an addition in the back and an added master bedroom above the garage.  Spread your guests or family out in this 4 bedroom 3 bath.

Come and take a look Saturday 6/24 10-12

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.

38 Mayflower Rd W Yarmouth MA | $279,000

38 Mayflower Road West Yarmouth, Cape Cod MA, JUST LISTED --- $279,000

Cute as a button! The essence of Cape Cod best describes this adorable cottage that is less than half mile to a warm Nantucket Sound beach. It offers wood floors, living room with fireplace, dining room, two first floor bedrooms, and two additional rooms upstairs that are currently used as bedrooms.  The yard with a wonderful outdoor shower offers a place to relax and enjoy friends while grilling your favorite summer foods. A very sweet cottage with all the charm the Cape has to offer.

 

Here are just a few photos to give you a taste but this home is an absolute gem! 

 

 

 

 

 

 

 

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.

 

 

Things to do in Orleans, Cape Cod

Ask Agnes...

We'd like to introduce a new feature in the blog - 'Ask Agnes'.  Agnes, the better half of the 'Ed and Agnes' foundation of Cape Cod Chatelains, was the first to enter real estate in 1992.  Ever since, she has been adding her professionalism and love for her clients to each of her deals.  We appreciate Agnes for her insight into the local area and her knowledge of the real estate market.  For this week's feature we ask Agnes about Orleans, one of the towns on the lower Cape.  In fact the Boston Globe just named Orleans one of the two best seaside towns in New England.  Check out that article here.

Cape Cod Chatelains - 'Hey Agnes, what are great outdoor activities in Orleans?'

Agnes - 'One of my favorite ocean beaches is Nauset.  As I let the pressure out of my tires to drive out on the beach (click here for permit info) I feel the pressure of the world escape from my soul.'

CCC - 'Really... the pressure of the world?'

A - 'In all seriousness Nauset beach is beautiful.  I love to drive out early and spend all day grilling, walking along the beach and dunes, and playing in the surf with the grandkids.  Watching surfers provides wonderful entertainment and the camaraderie that exists between Nauset beach-goers is something special.  Another one of my outdoor favorites is the Pleasant Bay Community Boating.  They provide a great opportunity for residents and visitors to experience Pleasant Bay from the water - and if there's one thing I love, its experiencing life from the water'

CCC - 'Then why do we always get yelled at to keep the boat from heeling?'

A - '   '

 

CCC - 'What are some great places to eat in Orleans?'

A - 'I love the knack, especially when I have family or friends with me.  The patio seating can be moved around a little to accommodate different sized groups and the food and shakes are phenomenal.  My personal favorite is the avocado burger that has some type of mysterious sauce that can't be explained except to say that it is delicious.  I also like that you can order online and pick up your food without having to wait in the line - which can be extensive - I guess the word is out on this great burger.  

'If I am out and about earlier in the day I like Hole in One, right on 6A for their homemade donuts and dynamite breakfast.  The bonus about Hole in One is that you can sneak in downstairs and take a box of pastries to go without needing to wait too long.  I like to enjoy a donut and coffee just down the street at the windmill

 

CCC - 'What is another one of your favorites here in Orleans?'

A - 'One of the best parts of summer is the Cape Cod Baseball League.  This gem of the Cape is where many great college baseball players come to spend the summer months playing on one of many local teams.  The Firebirds are the hometown team in Orleans and play in the 'East Division' of the league.  Their home field has wonderful grassy stadium seating and is a favorite with the little ones.'

 

Well thank you Agnes, we are lucky to have your decades of experiences here on Cape Cod.  As always, please contact us with any questions, we are happy to help.

 

Trends in home ownership

    One question that comes up frequently in conversations these days is "why is inventory so low right now?"  This is a great question to ask and informs much larger discussion about the economy, local real estate markets, and larger social trends.  But let's start at the beginning.

    When real estate agents talk about 'inventory' they are really speaking of the number of homes, lots, commercial properties etc... that are currently for sale.  Generally the unit in which inventory is expressed is time - in other words 'there are 8 months of inventory'.  The inventory is the supply (homes) available in the market and so has an effect on both the sale price as well as the amount of time that homes stay on the market.  In other words, potential buyers in a market with high inventory may not be motivated to make strong offers because they know that there are a lot of comparable homes they can buy.  Additionally buyers may spend more time shopping around because there are so many homes to see that match their criteria.  If you were a buyer in the early '80s or '90s you may have experienced a market like this (although regionally markets vary quite significantly). A more recent example of a high inventory market was a result of the great recession when the housing bubble burst.  In this instance the unprecedented level of foreclosures flooded the market with homes, when taken simultaneously with the concurrent financial instability, some homes spent years on the market.  The graph from the St. Louis Fed gives a nice snapshot of housing inventory from 1963-2017.

    The alternative to a high inventory market is, obviously, a low inventory market.  These are generally characterized by fewer days on the market and higher sale prices.  Potential buyers outnumber the available homes so bidding wars and offers over asking price are more common.  A great example of this is the market in San Francisco currently - the city is so desirable for a variety of reasons that home supply is inadequate to meet the demands of the market - the result, outrageous prices.  

    With this background let's return to our original question, 'why is inventory so low?'.  There is no short answer but we have a few theories and found this article by Connor Dougherty from the New York Times to be incredibly insightful.  In brief his theory is that people are not selling their homes but instead are choosing to stay in smaller, traditionally starter homes, or choosing to upgrade their existing homes rather than move for more space or amenities.  The economic impact of the great recession allowed many homeowners to refinance into incredibly low interest rates, as a result they are deciding to stay in their current homes rather than incur the expenses of a move with a higher interest rate.  Additionally the demographic of baby-boomers are largely at an age where many are still in the workforce (partially due to the great recession) and are are not quite ready to downsize. Because of the disproportionate affect of the boomers on the economy the availability of homes is low.

    Will this last forever? probably not, but here are some things to consider.  First, as the boomers age, they will begin to downsize with more frequency thereby increasing inventory.  Second, many millennials were young professionals early in their careers and family lives when the great recession hit.  They saw the result and suffered the consequences at a time in their lives when they were least equipped to deal with it.  Many lost jobs, moved back home or chose to continue renting rather than stick their necks out with a mortgage.  Additionally and for whatever reason, millennials are delaying starting families.  Given the size of this demographic this is surely impacting the market, we'll see how millennials will affect the real estate market as more and more of them graduate into adulthood.

If you are interested in learning how your home will compete in the market or your position as a buyer, contact us today.

 

When is the right time to sell your home?

Have you been tossing and turning at night wrestling with the decision to sell your home?  When is the right time to sell?  Am I going to regret not selling my home now?  Will the housing market slip back towards favoring buyers?  Deciding to sell your home can be a serious decision but don't be discouraged; keep these points in mind and you will be on the right track to making a good decision about whether to sell your home.

 

Equity

    Put simply, equity is how much of your home you actually own.  It is a funny thing to think about but mortgages, liens, home equity loans etc... all mean that something other than you (usually a bank) have an ownership interest in your home.  If you sell, all of these mortgages and liens need to be paid before you.  Getting a comparative market analysis from a real estate agent gives you an idea of the value of your home in the current market. Then you can calculate how much equity remains in your house for you to take away. 

 

Equity is not Net

    Unfortunately, your net profit from the sale of your home is not, simply put, net = sale price - mortgage.  Just to list a few of the often overlooked expenses for which sellers are responsible: Attorney's fees, broker's fees, title V septic inspections, and sales tax stamps all subtract from the overall proceeds of the sale.

 

 

 

Trends in the Market

    Everyone loves to predict the future so why should prospective sellers be any different?  Familiarizing yourself with the local market data as well as talking to a real estate agent about comparing your home to others in the area (comparative market analysis) will help you decide if now is a good time for you to sell.

 

 

Personal Needs

    One factor that should never be overlooked is simple reality.  When you (you have time) to sit down and rationally evaluate your current life situation, often the decision to sell or stay becomes more clear.  Are you expecting triplets and the one bedroom condominium suddenly seems like a closet?  Selling and upgrading is probably the right decision regardless of how much of the mortgage is paid off.  Are you tired of that old drab kitchen?  Perhaps new cabinets and fresh paint is all you need.

As always please contact us with any questions and put three decades of experience and two generations of tradition in your corner.

 

33 Aunt Janes Road South Yarmouth | FOR SALE | $469,000 | CAPE COD

33 Aunt Janes Road, South Yarmouth has just come on the market.  This home is in a fabulous location: quiet, convenient, and year round. Enjoy a stroll down scenic Pleasant Street and nearby River Street and enjoy the views of Bass River from Windmill Beach.  The large lot abuts two streets making it very accessible from two locations. The spacious floor plan includes room for separate living quarters making it an ideal home for both vacation home seekers and permanent home seekers. Opportunity knocks!  Materialize your ideas and reap the benefits of living in one of the most desirable areas of Yarmouth.

Please don't miss the introductory open house Sunday 5/28 from 1-3pm.  See you there!

Here are just a few photos and a photo tour of the home.

 

 

23 Millers Road South Dennis 02660 | FOR SALE | $309,000 | CAPE COD

23 Millers Road South Dennis 02660 | $309,000 

We are pleased to announce the sale of this impeccable home.  This is a quintessential Cape cottage with bright charm dripping from the walls and double the benefit with an adjacent lot being sold with the property. Meticulously maintained outside and in, this home features a two sided gas fireplace, central air conditioning, deck, full basement with interior access, beautiful landscaping, updated bathroom, recently painted interior and exterior. Turn-key ready with convenience to the beautiful Cape Cod Rail Trail, Route 6 & Patriot Square.

Here are a few snapshots but the home speaks for itself when you see it in person.  We think you will fall in love with this property as much as us.

  

 

 

 

combined-feed

Client Testimonials

It was a such a pleasure working with you!

We can't thank you enough for making the process of selling our parent's home go smoothly. It was a very emotional time for us and your professional and caring ways helped us get through it!

Since we first started this journey, the hours you spent helping us get
the house ready to show to the closing day, you gave us 100%. You were
always available to answer any questions that we had.

Your sound and professional advise resulted in the house being sold
quickly at a price we were very happy with.  

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