Blog :: 10-2019

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 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!  

      
   

Best Shellfishing Spots on Cape Cod | Update Fall 2019

Courtesy of C Dannhauser

Fall is a great time for shellfishing on Cape Cod.  The water is still relatively warm and the weather, if you aren't in the middle of a Nor'Easter, is generally crisp and beautiful.  A lot reopens in October and November so time to get the rake out of the shed and start digging.

Each town has unique regulations and areas that are open and closed depending on the season.  Check out the listings below for more details on your town.  We also provide one or two suggestions of our favorite places but we suggest you find your own!

  Town information     Our Favorite Spot (but check for seasonal closures)  
Bourne Buttermilk Bay
Sandwich Mill Creek
Falmouth Waquoit Bay
Mashpee Great River south of the landing
Barnstable Scudder Lane or West Bay
Yarmouth Gray's Beach
Dennis Cove Rd (West Dennis Side)
Brewster Ellis Landing
Harwich Wychmere Harbor
Chatham Mill Creek or Oyster Pond
Orleans Little Pleasant Bay
Eastham Boat Meadow Creek
Wellfleet Indian Neck or Chipman's Cove
Truro Pamet River
Provincetown West of the Breakwater

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Photo courtesy of C. Dannhauser

5 things to do before you list your home

The Cape Cod real estate market has heated back up this fall as many second home owners list their homes after the beach season.  Here is our list of 5 things to do before you list your home.

Fix Those Long Overdue Punch-list Items

 We always come back to this because it can't be emphasized enough.  Little repairs go a long way.  Replace sprung window sashes, plane doors that are sticking, fix locks that don't quite work correctly (here is a lock mid-adjustment in a settling home).  There is a reason why you haven't done these things yourself (that reminds me, I need to fix that sticking door!) so imagine how nice it would be as a buyer to walk into a potential home with minimal punch-list items!  These small repairs can often payback in dividends and ease of negotiation further down the road.

Have your Septic Inspected and Serviced

It has to happen to convey a property so getting it done up front is a big help.  Also buyers are keen on hearing the words "Title V in hand" when walking in to see your home. Besides, it is best to be prepared and address an issue with the septic prior to being a hitch during negotiations.

Have Your Chimney Cleaned and Gas Fireplaces Serviced

We could tell you horror stories about sellers waiting until the final walk-through to light a pilot or test a gas insert.  Needless to say it all end with more anxiety and cost for the seller than needed.  Even if you never use a wood-fire chimney you should get it inspected (and cleaned if needed) to reassure potential buyers of the status of this potentially costly feature.

Get a Pest Inspection

Just because you have never seen anything yourself doesn't mean that a home inspector won't find evidence of termites, mice or other pests.  By having an inspection done before listing property the savvy seller will be able to address any problems before they become a negotiating hangup further down the road.

Service the Heating and Air Conditioning Systems

Too often we overlook little problems in these systems in our own homes, but buyers are enticed when major components like heating and cooling just work, full stop.  An older system with a recent inspection can reassure a buyer enough to make an offer and demonstrates that other parts of the home are likely in good order too.

So what are you waiting for?  Go and get your home ready to sell, or, do these things anyway and rest easy in the knowledge that your home is in excellent working order and you'll be able to enjoy it for many years to come.  If you are thinking of selling contact us today for a conversation about how your home may perform in today's market and for help finding excellent local vendors who can help you with these five items.