Happy 2013! I’ve been asked about the status of the Brewster house and barn in the June 26th post, and happily it is sold. As mortgage rates hit historically low rates, properties on Cape Cod that are priced correctly and Staged are being snapped up quickly. Land is beginning to move again as well. Four homes in my immediate area sold recently for surprisingly high prices. In the third quarter of 2012, days on market for residential property decreased only 2.6% over the previous 3rd quarter, and median values decreased nearly 7%, but volume sold is up over 19%. See the entire report here.
This custom home sits on a wooded corner lot and includes a 20×24 barn/studio. There are two bedrooms in the house with room to expand, as the new septic is for four bedrooms. Wood, glass and open spaces make this property shine. See the video at the link House and Barn. Have you always wanted to live and work on Cape Cod in a beautiful setting? This property is for you! Horses may be allowed with proper permitting.
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)
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.
I am sorry to report the loss of a fellow Realtor and former colleague, Bill Keane. Bill had a magical outlook and way about him and I always looked forward to his pronouncements at sales meetings. Even his earring twinkled. He leaves a family.
The only sale reported today in Brewster, Chatham, Dennis, Orleans or Yarmouth was on Cove Road in South Dennis for $ 1,893,000.00. This home was not on the market very long and is not ocean front. There were 16 price reductions in the same towns, and 9 new listings.
If you are new to the Cape and unsure of which town you would like to settle in, the Cape Cod Times website has a communities page for each town, and each town individually has a website with everything from beach information to “transfer station” (dump) rules. It’s a great resource. As well, the Cape Cod Chamber of Commerce is a great site. As always, your professional Realtor will be a wealth of knowledge about the communities s/he works in.
I had the opportunity to tour the new IFAW (International Fund for Animal Welfare) world headquarters building in Yarmouth Port today. It’s a fantastic, green facility that in a strange way melds its modernity with its Cape environment. It is LEED Gold certified, built on a former brownfield, and the organization employs 150 people on the Cape. If you are into green architecture check it out. If you are into animal welfare check it out, too.
Today I was priviledged to vote in the 1828 Carleton Hall in our Village Center. A tiny meeting house, I wonder how many-mostly men- have gone before me to cast their votes (for other men.) The day was warm and the colors golden, a spectacular New England Election Day. Then on the way home I got behind a giant SUV from New Jersey with a large poster for The Other Guy blocking the back window. It broke the spell. Their vision was obscured in every way, all the way back to the Jersey Turnpike.
One of my favorite local haunts, particularly at this time of year and in the winter is the Scargo Cafe in Dennis Village. Last Fall and this, they held a scratch ticket giveaway. When you come in in October you get a ticket. When you come back in November, the server scratches the ticket and you win $5.00 or more in gift certificates. Last year I won $100.00, pretty cool. When I went in for lunch yesterday I won $ 1000.00!! Much more cool! That will keep us un Guiness and filet mignon for a few meals! It’s a great spot for locals and visitors alike, and very welcoming of my four year old.
As for real estate, today is understandably quiet as we all remained glued to our choice of media source. Tomorrow I’d like to see offers flying and homes listed as we all get about the business of recovery.