Blog :: 08-2019

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. 

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 Open Houses Weekend 8/17-8/18 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 | 37 Uncle Stephens Road, West Dennis

A classic Cape Cod dune shack located directly on Nantucket Sound. Step in and enjoy the sun and sand or renovate and build your dream. Opportunities abound on this truly unique property with infinite potential.

 

 

 

 

Saturday 1-3 | 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.

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 Open Houses Weekend 8/10-8/11 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 | 37b Uncle Stephens Road, West Dennis

A classic Cape Cod dune shack located directly on Nantucket Sound. Step in and enjoy the sun and sand or renovate and build your dream. Opportunities abound on this truly unique property with infinite potential.

 

 

 

 

 

Saturday 10-12 | 160 Wood Road, South Yarmouth

his home offers endless possibilities to meet any lifestyle. Looking for easy 1-floor living? You will love the sun-filled open concept living area, en-suite master with access to expansive deck, and first-floor laundry. Need a little extra space for relatives or visitors? Perhaps a private office suite for your business? Step downstairs into the finished walkout basement and enjoy a private fully appointed wet bar, living area, bedroom and office. Don't want to worry about expensive upgrades down the road? Boiler, roof, kitchen, flooring and septic have all been done since 2012. All this with frontage on and views of James Pond, in super-convenient South Yarmouth, and less than 2 miles to gorgeous Seagull Beach. Add your finishing touches and welcome home.

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.

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    Our Take - Cape Cod Summer Rentals 2019

    Are sharks really taking a bite out of the Cape Cod summer rental market?

    The Boston Globe published an article on July 28th 2019 by Stephanie EbbertCape Cod rentals are having an unexpectedly slow summer.  As a quick synopsis the article states that summer vacation rentals are not filling up this year and hotels are down 5% (the data goes through May 31st only).  The article posits several explanations including the new short-term rental tax, increasing shark populations around the Cape, lousy Spring weather, and larger market and economic trends.

    Our take on this matter: sharks and overall market conditions have been gradually applying pressure on the rental market for years: the sharks were here last year and the year before and some anecdotal evidence suggests they may be an attraction for some tourists.  The main culprit of the precipitous decline in bookings in 2019 is the new 12.45-14.45% rental tax.  Given the evidence that rentals are down across the state indicates this is not an issue solely on Cape Cod.  When a vacationer rents for $3000/wk the tax adds around $400, depending on the town.  Couple this with what may be the indications of a slowing economy and people may be spending their money closer to home this year and waiting to see how much certainty the future holds for their pocketbooks.

    If you are getting sick of renting but still want to visit the Cape, give us a call about buying.  Then every season can be beach season!