How the Cape Housing Market Did in Sept. 2009 and YTD

Preliminary CC&IMLS Statistics for September 2009 compared with September 2008:
Total number of transactions is down 13%

Total dollar volume is down 7%

Single family sales are down 11% and median price is $329,000

Condominium sales are down 8% and median price is $235,000

 Pending sales for September 2009 (445) are higher than they were in September 2008 (367) and higher than they were in August 2009 (367)! ( So October closing numbers will be good.)

 

Preliminary CC&IMLS Statistics for Year to Date 01/01/09-09/30/09 compared with same period 2008:
 
Total number of transactions is down 18%

Total dollar volume is down 30%

Median single family sale price is $318,000

Median condo price is $225,000

Of all sales, 74% were cooperative and 26% were in-house: This means that the agent made their own sale 26% of the time, and companies had 2 agents in the sale 26% of the time.

(as reported by CCIAOR President Lynnette Helms)

Keep On Giving

As promised, I am continuing to give 2% of net commissions to Housing Assistance Corporation. What can you do?

Vote Now to Save Boston’s Architectural History!

American Express and the National Trust for Historic Preservation have partnered to give a Boston property a grant: and you choose the grantee. Vote online for your favorite landmark. The frontrunner is the Paragon Carousel in Nantasket Beach, between Boston and Cape Cod. Included is the Louisa May Alcott house, a personal favorite. Vote Early and Often!

Why your vote counts
American Express and the National Trust for Historic Preservation have selected twenty-five places of historic, cultural and aesthetic significance in Greater Boston as participants for the 2009 Partners in Preservation program.

From April 14 – May 17, 2009, you have the opportunity to cast one vote each day online for the historic places that you care about. At the end of the voting period, the site with the most votes is guaranteed funding for their requested project (maximum amount of $100,000 per site) from a total of $1 million that American Express will give away to support the preservation of historic places in Greater Boston.

Your votes also will help American Express, the National Trust for Historic Preservation and an Advisory Committee comprised of Greater Boston community leaders determine how best to distribute the rest of the $1 million in preservation grants. The voting results, along with each historic place’s preservation and monetary needs, will be considered.

Partners in Preservation encourages you to learn more about the 25 eligible historic places below and to vote early and often from April 14 – May 17, 2009.

Merry Christmas from Cape Cod

December Snow

Best wishes for peace wherever you may be. Prosperity and love, joy and health in your home and family. Best, Lisa Morales

Gorgeous New Listing in Quivet Neck

41 Stillman Kelley Rd.

Turkey Day is upon us, and the market has picked up considerably since the election. You read here that it would. Now the MAR (Massachusetts Association of Realtors) reports that sales are up, “On Tuesday, November 25, 2008 MAR reported that single-family home sales were up 6.6 percent in October compared to the same time last year. This is the second straight month of year-over-year increases in monthly home sales in 2008.” Savvy buyers are feeling more confident and are making their move. Sellers are weighing their risk/benefit analyses and going for moderate gains and good bargains on the next purchase. Forclosure filings have decreased. All of this bodes well and points to an upswing toward the end of 2009 but in the meanwhile Cape Cod real estate is Alive and Well!

If you’d like to know more about this stunning five bedroom handcrafted home near Sea Street beach in East Dennis link to its page on Realtor.com.

A blessed Thanksgiving to all.