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      Blog :: 2009

      Cape Cod Real Estate Rebounding for the Season

      Cape Cod Real Estate is rebounding from 3 long years of declining values.  The year-to-date change in Sales Volume of Single Family homes in Dennis and Brewster are leading the way for all of Cape Cod.  Brewster and Harwich are experiencing only slight declines in Median Prices, while Dennis is seeing a surge in Sales Volume to less than a 5% decline.  Cape Cod has shown amazing resilience this year as Sales Volume and Median Prices have dropped under 9%.  We call it a rebound.  You can call it - Opportunity!

       

       

            17-Dec-09        
                     
        Unit Sales (YTD)   Median Price (YTD)
        2008 2009 % Change   2008 2009 % Change
      Dennis              
      Single Family 237 226 -5%   $325,000 $285,000 -12%
      Condo 68 35 -49%   $126,250 $157,500 25%
      Days on Market 126 114 -10%        
      % Meet Selling Price 93 94 1%        
                     
      Yarmouth              
      Single Family 410 342 -17%   $267,900 $255,000 -5%
      Condo 52 51 -2%   $246,250 $180,000 -27%
      Days on Market 101 149 48%        
      % Meet Selling Price 92 93 1%        
                     
      Brewster              
      Single Family 118 117 -1%   $370,000 $355,000 -4%
      Condo 36 28 -22%   $240,000 $232,500 -3%
      Days on Market 118 179 52%        
      % Meet Selling Price 94 91 -3%        
                     
      Harwich              
      Single Family 214 194 -9%   $350,000 $325,500 -7%
      Condo 10 15 50%   $197,445 $160,000 -19%
      Days on Market 156 137 -12%        
      % Meet Selling Price 94 93 -1%        
                     
                     
      Orleans              
      Single Family 88 67 -24%   $537,050 $502,000 -7%
      Condo 27 16 -41%   $225,000 $234,500 4%
      Days on Market 157 133 -15%        
      % Meet Selling Price 95 92 -3%        
      Barnstable              
      Single Family 453 458 1%   $406,250 $375,000 -8%
      Condo 4 7 75%   $225,500 $122,000 -46%
      Days on Market 157 133 -15%        
      % Meet Selling Price 95 92 -3%        
                     
      Cape Cod              
      Single Family 2796 2582 -8%   $350,000 $320,000 -9%
      Condo 654 572 -13% # $230,000 $225,000 -2%
      Days on Market 143 154 8%        
      % Meet Selling Price 93 92 -1%        

      Cape Cod Real Estate Stats - Dennis Leads the Positive Trend

      October sales results indicate a recovery in unit sales and median prices for Dennis, Brewster and Barnstable.  While the rate of sales is down from last year, the rate of decline is half of September's.  A good trend and time for Buyers to jump in!

            17-Nov-09        
                     
        Unit Sales (YTD)   Median Price (YTD)
        2008 2009 % Change   2008 2009 % Change
      Dennis              
      Single Family 221 200 -10%   $328,000 $295,500 -10%
      Condo 68 35 -49%   $126,250 $157,500 25%
      Days on Market 126 114 -10%        
      % Meet Selling Price 93 94 1%        
                     
      Yarmouth              
      Single Family 388 312 -20%   $269,500 $255,000 -5%
      Condo 52 51 -2%   $246,250 $180,000 -27%
      Days on Market 101 149 48%        
      % Meet Selling Price 92 93 1%        
                     
      Brewster              
      Single Family 116 105 -9%   $370,000 $353,000 -5%
      Condo 36 28 -22%   $240,000 $232,500 -3%
      Days on Market 118 179 52%        
      % Meet Selling Price 94 91 -3%        
                     
      Harwich              
      Single Family 198 173 -13%   $354,250 $324,000 -9%
      Condo 10 15 50%   $197,445 $160,000 -19%
      Days on Market 156 137 -12%        
      % Meet Selling Price 94 93 -1%        
                     
                     
      Orleans              
      Single Family 81 58 -28%   $540,200 $494,000 -9%
      Condo 27 16 -41%   $225,000 $234,500 4%
      Days on Market 157 133 -15%        
      % Meet Selling Price 95 92 -3%        
      Barnstable              
      Single Family 426 401 -6%   $406,250 $375,000 -8%
      Condo 1 2 100%   $225,500 $122,000 -46%
      Days on Market 157 133 -15%        
      % Meet Selling Price 95 92 -3%        
                     
      Cape Cod              
      Single Family 2265 1926 -15%   $335,000 $307,450 -8%
      Condo 624 461 -26%   $247,000 $225,000 -9%
      Days on Market 143 154 8%        
      % Meet Selling Price 93 92 -1%        
                     

      Dennis MA Features Best of New England Golf

      (4/365) :: Golf Thursdays

      Dennis Pines and Dennis Highlands are two of the finest golf courses on the Cape and in New England for that matter.  When I moved to the Cape, 13 years ago, golf was considered a year-round, weather permitting sport.  From early Spring through most of Winter, playing golf in Dennis is a dream come true.  The tree lined Dennis Pines is a par 72 true test of golf from either tee.  Gold Championship tees are 7,000 yards to "think about it" while the Whites at 6,157 and Reds at 5,567 will still let you have fun.  The Highlands is shorter and much trickier.  Blue Tees can stretch you even at 6,464 yards and the Whites are 6,076 with the tantalizing Reds at 4,884.  Don't be fooled by the length.  The greens have helped develop some of the finest amateur golfers on the Cape and the layout requires a true test of golf course management.  So whether it is length or challenge that "drives" you, Dennis Golf has it all.  And if you are looking for a golf get-away, consider a ready-to-move-in CONDO AT OAK RUN IN EAST DENNIS. Drop your worries at the door step and grab your clubs from the walk-out basement.  You're 5 minutes from the first tee!

      An Historic Surprise!

      Copy (1) of IMG_4019Folks still complain that when they bought their cherished piece of real estate in Dennis Village, Cape Cod, they had no idea that they were in an Historic area.  What a surprise!  A pleasant surprise for some and not so pleasant for others.  Living in the Historic areas of Cape Cod means  living with history.  However, it also means historic preservation and that means a Historic Committee will have to approve any designs or changes to your home. 

      All the historic villages on The Cape have the same fundamental guidelines for architectural features, landscaping, paint colors, windows, cupolas, fences and even flag poles.  The benefits are the appearance and charm of all the towns and villages we  love so much on the Cape.  The down side is the restrictions and regulating that require extra steps and extra effort by the homeowner  to meet the guidelines of each Historic Committee. 

      So don't be surprised, be informed!

      Peter

      Coveted Keveney Lane in Yarmouth Port, Cape Cod

      Keveney Lane BridgeA recent article in the Cape Cod Times highlighted the exceptional neighborhood of Keveney Lane in Yarmouth Port.  The gist of the article is that this particular lane takes the natural beauty of Cape Cod to a whole  new level!

      We are fortunate enough to represent a property on this very lane!  AerialwithLines169 Keveney Lane is being offered for sale and talk about VIEWS! Expansive and breathtaking views of Cape Cod Bay are a stand-out feature of this well-constructed 3 BR/3BA ranch set on 1.5 rolling acres.  Many recent updates include a gourmet  kitchen, renovated bathrooms and newly refinished hardwood floors throughout. A magnificent stone fireplace in the home's family room adds drama to the spacious living area, complementing the spectacular marsh and Bay views from the same room.  Come and see for yourself! Offered at $1,790,000 for the discerning Northside Cape Cod buyer.

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        Historically Speaking.....about Cape Cod Wind Turbines and Wind Mills

        Modern wind energy plant in rural scenery.
        Image via Wikipedia

        Controversy is swirling  around Cape Cod about the desire of Cape Cod Community College to install a 400' high wind turbine on its West Barnstable campus.  The Barnstable Old King's Highway Regional Historic District Committee, the historic governing body in that part of the Cape, was not asked by the College to review the plan. The District believes it is a violation of The Historic Act to skip that step.   The Historic Act, passed in 1973, requires review of any proposed structure located in the historic district area north of the mid-Cape highway from Sandwich to Orleans.  Additionally, the desire of organizations to "get around" the Historic Committee for the purposes of allowing Alternative Energy installations is troubling because it is the same Historic Act whch many people applaud for keeping the Cape looking like THE CAPE.

        Now to the matter at hand.  Wind energy is not new to the Cape.   Wind mills were part of our landscape since the late 1600's.  They generated the power to pump water all over the Cape and graced the scenery with unique architectural structures that stood approximately 12 feet high.   Now the desire for alternative energy is creating interest in turning wind energy into electricity.  A great idea in search of a better solution than a 400' propeller.  Wind energy can be a viable alternative to reduce our dependency on oil.  However, the smaller wind turbines are a much more appropriate solution and could be built in areas not visible to the public.  Modern wind turbines are not historic looking  but they do have a place in the Cape's landscape  - provided they can't be seen.

        Peter

        Best Value in Quivett Neck, East Dennis Real Estate!

        33 South St., East Dennis

        33 South St., East Dennis

        By far the best value in Quivett Neck in East Dennis to come along in years!  Offered at $725,000, this charming home has LOTS of room for family and guests and is minutes to both Cold Storage and Sea Street beaches. Separate wing for in-laws! Recent upgrades include heating system, roof, Harvey windows. The  3/4 acre lot borders Quivett Creek. Get in now and host Thanksgiving dinner! (Go to Our Listings on our website homepage for more details.)

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            Cape Cod Real Estate Sales Data for Dennis, East Dennis, South Dennis and West Dennis: August/September 2009

            The following is recent Cape Cod real estate sales activity for the Mid-Cape villages of Dennis, East Dennis, South Dennis and West Dennis.

            August 16, 2009 through September 30, 2009 as reported by Cape & Islands MLS.

            List Price Sale Price SP%LP
            14 Signe Rd Dennis 172,900 166,500 96
            39 Whittier Dr Dennis 265,000 262,000 99
            24 Courier Dr Dennis 439,000 425,000 97
            4 Bramble Ln Dennis 529,000 470,000 89
            866 Old Bass River Rd Dennis 529,900 483,500 91
            125 Taunton Ave Dennis 625,000 560,000 90
            234 Main St Dennis 749,000 701,000 94
            33 Dr Lords Rd Dennis 794,000 780,000 98
            36 Paul St Dennis 995,000 950,000 95
            21 Bleak House Cir Dennis 1,499,000 1,200,000 80
            77 South St East Dennis 399,000 365,000 91
            4 Forest Hills Dr East Dennis 395,000 375,000 95
            35 Strawberry Ln East Dennis 525,000 480,000 91
            31 Highcrest Ave East Dennis 519,000 480,000 92
            46 Old Bass River Rd South Dennis 225,000 200,000 89
            69 Hemlock Ln South Dennis 239,900 219,500 92
            389 Old Bass River Rd South Dennis 249,000 240,000 96
            13 Jacob Rd South Dennis 259,000 245,000 95
            43 Viking Dr South Dennis 299,900 280,000 93
            156 Center St South Dennis 299,000 293,000 98
            7 Country Cir South Dennis 315,000 302,500 96
            39 Bass River Ln South Dennis 399,900 390,000 98
            9 Cove Rd South Dennis 549,000 435,000 79
            34 Winslow Rd South Dennis 650,000 610,000 94
            46 Dutchs Way South Dennis 639,900 615,000 96
            66 Cove Rd South Dennis 660,000 620,000 94
            239 Swan River Rd West Dennis 199,900 199,900 100

            Autumn on Cape Cod - What Can We Expect with the Bridge Delays?

             

            Sagamore Bridge by Robert E. Kennedy

            Sagamore Bridge by Robert E. Kennedy

            A recent cartoon in The Cape Cod Times depicted a group of tourists approaching a customer service booth labeled "New England Summer" and manned by Mother Nature, with the caption "We'd like a refund for all the cold and rainy days!"  Hear! Hear!  The short Summer of 2009 will not go down in the annals as a banner summer for Cape Cod in any respect.

            So far, September on Cape Cod is ALMOST  making up for it!  The weather has been spectacular - sunny and 70's most days. The shoulder season has always been an important one for the Cape Cod economy, and this year ever-so-much-more so. There are plenty of festivals, activities and leaf-peeping to attract the crowds this fall, but along comes the Army Corps of Engineers in an astounding lack of  awareness, scheduling overdue repairs on the Sagamore Bridge, shutting down lanes and causing MAJOR traffic jams 24/7 coming on and off the Cape!  AARRGH!!

            We are told that our local politicians are working on an alternative plan with the Corps, but in the meantime, allow yourself a little extra time to get over the bridge. Autumn on Cape Cod is the BEST time to be here - assuming of course that you CAN get here!

            Cape Cod Real Estate Market Insights (September 16, 2009)

            Mid-Cape home values and sales continued to decline as opportunities increase for Buyers in this market.  Condos remain hardest hit by the economic environment with a 29% YTD decline in sales volume.  The market segments for $1,000,000 improved dramatically as sales doubled over June.

              Unit Sales (YTD)                   Median Price (YTD)
              2008 2009 % Change   2008 2009 % Change
            Dennis              
            Single Family 143 113 -21%   $325,000 $290,000 -11%
            Condo 59 26 -56%   $135,000 $148,500 10%
            Days on Market 126 114 -10%        
            % Meet Selling Price 93 94 1%        
                           
            Yarmouth              
            Single Family 259 197 -24%   $270,000 $245,000 -9%
            Condo 52 51 -2%   $246,250 $180,000 -27%
            Days on Market 101 149 48%        
            % Meet Selling Price 92 93 1%        
                           
            Brewster              
            Single Family 85 67 -21%   $370,000 $350,000 -5%
            Condo 36 28 -22%   $240,000 $232,500 -3%
            Days on Market 118 179 52%        
            % Meet Selling Price 94 91 -3%        
                           
            Harwich              
            Single Family 134 112 -16%   $364,650 $325,500 -11%
            Condo 10 15 50%   $197,445 $160,000 -19%
            Days on Market 156 137 -12%        
            % Meet Selling Price 94 93 -1%        
                           
            Orleans              
            Single Family 62 43 -31%   $526,500 $468,000 -11%
            Condo 27 16 -41%   $225,000 $234,500 4%
            Days on Market 157 133 -15%        
            % Meet Selling Price 95 92 -3%        
                           
            Barnstable              
            Single Family 328 278 -15%   $402,500 $334,300 -17%
            Condo 1 2 100%   $225,500 $122,000 -46%
            Days on Market 157 133 -15%        
            % Meet Selling Price 95 92 -3%        
                           
            Cape Cod              
            Single Family 1965 1646 -16%   $337,000 $305,000 -9%
            Condo 547 389 -29%   $245,000 $222,500 -9%
            Days on Market 143 154 8%        
            % Meet Selling Price 93 92 -1%