Cape Cod Massachusetts Real Estate
While the Cape Cod real estate market continues to outperform many other sectors of the regional economy, a dwindling shortage of homes threatens to set it back in the coming months, according to a statement released Monday by the Cape Islands Association of REALTORS (r). The National Association of Realtors expects sales to fall 1.5 percent in September. Massachusetts overall had an average of 2,812 home purchases per month at the end of October, compared with 3,000 in August and a 58% year-over-year decline at the end of September, the state's Realtors Association estimates.
The register of deeds in Barnstable recorded the most transactions from July to June since 1999, and the published data reflects the latest data from the state Office of Land Management. The data we have for Barn Stable County represents the total number of transactions in the county between July and June of this year. There were 2,812 house purchases in the Cape Cod Islands at the end of July, an increase of 1.5 per cent on the previous year, according to the Register data.
The total value of sales was $2,812,000, an increase of 1.5 percent from a year earlier, but the real estate agent surveyed by WBUR said he had not yet seen a significant increase in sales activity. There is good news for the Cape as a whole: According to the Land Management Agency, foreclosure filings have increased by 94 percent since 2006. The Cape Cod Association of Real Estate Brokers, a trade association for real estate agents, reported that sales in Barnstable County rose 4.7 percent in July and 1,912 home purchases were for sale across Massachusetts in June, a 2.6 percent increase from the same time last year.
There's nothing like it in Provincetown, "said real estate agent Doug Schuster of real estate agent Pat Shultz, who listed the property for $7,985,000. The entry-level price of the home is now above $1 million for the first time in the city's history, according to the Cape Cod Association of Real Estate Brokers. That puts it at $8,465,500, higher than a year ago in March, when it was sold for about $8,465,000, he said.
According to Cape estate agents, many of the buyers are wealthy people who often look for a second home, or those with well-paid jobs to do at home. These people compete each month for one of the most sought-after properties in Cape Cod for sale. If you want to work with a professional, it is very easy to contact an estate agent on CapeCod. All you need to do is look at the details of your preferred property and use the form there.
You can also use our maps and views to find the homes and apartments you want to buy in your area, or you can keep up to date with the latest property news and information on Cape Cod by simply saving your search. You can even receive daily or weekly e-mails of your choice from point 2 with new listings that meet your criteria as long as they are in the area you are looking for. The results you see for an overview of an area can be purchased from CapeCodReal agents and local agents in your area.
From point 2 you can simply flip through the pages and quickly get a general overview of property prices. Descriptions, photos, demographics and statistics of the properties, including current market price, real estate history and other information about the property.
Other offers in Chatham include a newly built, two-bedroom, 2.5-bedroom, 1,500-square-foot house in the heart of the city. A well-heeled bargain hunter who witnessed the story is up for sale for $1.2 million.
For those looking for a second or even a third home, LandVest.com offers some spectacular properties for sale. The town has access to the Atlantic Ocean, where the beaches are part of the Cape Cod National Seashore, and the sheltered harbor provides ideal spots for water skiing and fishing. Sailors know the southwesterly winds that prefer Bussards Bay most afternoons, but there are many other options in the harbor, on the beach and along the coast.
When people are in Cotuit, says Chuck O'Brien, whose 30-foot powerboat is often used to bring potential buyers to look at the waterfront homes, they feel like they never have to go away. He says he had to tell sellers to lower their prices, but it was enough to make a real difference, he says.
Since its founding in 1974, Ravei has experienced steady growth, mainly through sales in Greenwich. Today, the company is one of the largest real estate agents in Cape Cod, with more than 2,000 properties in its portfolio.
It operates commercial air services to and from Cape Cod and handles the purchase and sale of residential and commercial properties in the region, as well as commercial and industrial properties.