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Autumn home buying on Cape Cod

by Deborah Schilling 20. October 2009 21:51

Buying a property on Cape Cod in the Fall is an adventure. Whether it is looking during a 3 day Nor'Easter, with torrential downpours and 40+ MPH winds, we are intrepid. It is an ill wind that blows no good, and after a Nor'Easter, we often get a beautiful crisp clear stretch. I love the Autumn in New England for that reason.I was on my way into the office today at 7:30 am and as I drove by a favorite spot in Marstons Mills (where my RE/MAX office is), a lovely sunrise was lifting a haze off Mill Pond, and shining on the foliage that is turning next to the pond.

What-foliage on Cape Cod? Absolutely, although not as intense and prolific as Northern New England, but we don't compete with them, because ours happens later and is different. The swamp Maples turn red and orange, and the cranberry bogs' vines turn burgundy after harvest, but even more common (and later when the rest of New England is already bare and brown), our Oak trees change to a rich deep wine color that simply glows-especially late in the afternoon

Does it sound like I really love living on Cape Cod and making my living selling Cape Cod Real Estate? You bet I do! I have been in this business since 1985, as a full time Real Estate professional, and I enjoy sharing all my favorite secrets with Buyers-even the ones who grew up here! This brings value to my Sellers, too, as my enthusiasm and energy is part of any successful real estate transaction. No one buys a house on Logic alone-the emotional component is critical, and Cape Cod makes that part of my job easy.

Enjoy Each and every day

Deb

Selling Cape Cod Real Estate One Yard at a Time

 

 Enjoy this Cape Cod waterfront scene-there are thousands more on our freshwater ponds

 and saltwater beaches and estuaries

 

Cape Cod Real Estate market conditions

by Deborah Schilling 15. October 2009 19:22

Third Quarter and September 2009 Market report

Preliminary summary using sources (see below) there is much positive news amidst the negative. Although prices continue to drop (down 11.1% as compared to Sept. 08 Median), prices are not falling as much month over month, leading us to conclude we may be bouncing 'along the bottom.'

With Second Home and Retirement Property Buyers making a strong appearance (as Buyers-not just shoppers), and the positive impact of the First Time Buyer tax credit, it is safe to say that there is very little inventory in the below $350,000 price range in my primary Market area of the Town of Barnstable (see below) especially outside of Hyannis.

I expect to see good buying activity through Thanksgiving, as this season is often Opportunity Time in any market. I was contacted for an article in Smart Money in 1997, and they did an article about buying Vacation homes, featuring a Buyer Client of mine. The article's subject was 'Second Home News-in the Market for a Summer Retreat? Think about Buying Now', and it cited my client's purchase of a waterfront property in Cotuit (on Cape Cod), and his successful negotiations which concluded in October. 

For Sellers and Buyers, Fall is a great time. Properties sell for the price the market commands, and not for what Buyers 'hope' to pay, or what Sellers 'hope' to gain. Negotiations may be intense, and if all parties are truly willing, then I prepare my clients to treat every negotiation as an opportunity for success. 

Now-lighten up-enjoy some fall beauty from here on Cape Cod-a cranberry bog adjacent to one of my listings in Marstons Mills in Mid October

 

Sources: Barnstable County Registry of Deeds (courtesy of Barnstable Patriot newspaper report), and Cape Cod and Islands (preliminary Sept and YTD figures) and Cape Cod Times newspaper report

Town of Barnstable villages: Barnstable village,Centerville, Cotuit, Hyannis,Marstons Mills, Osterville, West Barnstable 

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