May Day/May Day

April 30, 2008

The end of the month means something else to Realtors: closings. In checking the up-to-the-minute listings marked “sold” on the Cape Cod and Islands MLS just now I saw something that has been creeping in more often: selling prices greater than the listing prices. I scour the “solds” daily because it’s my job to be informed. Normally, selling prices are 93% to 97% of the LAST reported listing price. This has nothing to do with the price the home came on the market at. But recently I’ve seen homes selling at 102%-105% of the listing price, and I have had my own buyer-customers get into little bidding wars over properties. Desirable inventory is in ever-shorter supply in some areas, creating pockets of classical economic supply/demand drama. Lesson: if you see it and want it, buy it. Don’t let the media lull you into a sense of complacency.

I will have a closing in May in Mashpee on 6 Chatham Lane. See the webpage I designed for this home. After the closing I will change it to a “We’ve Moved” page for the buyers, so that they can show all of their friends and family their new home. It’s particularly nice as it’s their first home.

There will be a May Day family concert by Peter and Ellen Allard at Ezra H. Baker School gym in Dennis, 6:00 p.m., public welcome. Sponsored in part by the Dennis Arts and Culture Council and Mass Cultural Council.

Whether May Day is a workers’ acknowledgement day ( International Labor Day) for you, or a day to wear lily-of-the-valley as in France, enjoy the inevitable step toward Summer.


%d bloggers like this: