Blog :: 01-2009

Mid-Cape Neighborhood Sales Data: 4th Quarter 2008

This is the first in what will become a regular post with recent real estate sales data for the Mid-Cape villages of Dennis, East Dennis and South Dennis.

Neighborhood Sales Activity

October 1, 2008 through December 31, 2008

(As reported by Public Records)

   
List Price
Sale Price
SP%LP
437 Route 6A Dennis
249,900
199,500
80
242 Paddocks Path Dennis
319,000
304,600
95
34 Scargo Heights Rd Dennis
399,900
320,000
80
22 Ox Bow Way Dennis
415,000
407,500
98
1 Calvin Dr Dennis
455,000
435,000
96
12 Coolidge Way Dennis
468,000
471,000
101
42 Hall St Dennis
559,000
500,000
89
86 Seaside Ave Dennis
995,000
875,000
88
100 Nobscussett Rd Dennis
999,000
957,500
96
12 Gold Finch Ln East Dennis
319,000
316,000
99
14 Compass Ln East Dennis
335,000
320,000
96
43 Karl Ln East Dennis
342,500
337,000
98
91 Kings Row Dr East Dennis
369,000
365,000
99
317 Airline Rd East Dennis
375,000
370,000
99
163 Greenland Cir East Dennis
489,000
487,000
100
11 Highcrest Ave East Dennis
569,000
569,100
100
15 Pleasant St East Dennis
675,000
615,000
91
7 Viking Dr South Dennis
209,000
190,000
91
23 Highland St South Dennis
219,000
214,500
98
54 Elizabeth Ln South Dennis
249,900
220,000
88
17 Benjamin Rd South Dennis
230,000
222,000
97
8 Windsor Ave South Dennis
279,000
265,000
95
37 Jasmine Way South Dennis
278,500
278,500
100
3 Yenom Rd South Dennis
289,000
282,000
98
12 Weatherview Ln South Dennis
299,900
299,900
100
26 Pheasant Ln South Dennis
359,900
320,000
89
9 Norseman Dr South Dennis
348,500
323,000
93
2 Bayberry Ln South Dennis
350,000
335,000
96
22-24 Follins Pond Rd South Dennis
449,000
420,200
93
151 Cove Rd South Dennis
2,100,000
1,893,000
90

Now view current listings in the above areas:

 

More Good News for Traditional Cape Cod Industry!

Hyannis, Massachusetts showing c...

Image via Wikipedia

A few blogs back, I reported on some rare GOOD ECONOMIC NEWS for Cape Cod, namely the bright future for the Cape Cod scallop industry.

http://blog.lomenzoproperties.com/2008/11/12.  Today we have further good news pertaining to another quintessential Cod Cod industry, boat building. 

According to the Cape Cod Times, Pease Boat Works in Chatham is celebrating a winter of work for its staff after a previous spring and summer that were the "slowest in 20 years".  The company is building a boat called a Magic Class 30, a 40 foot sailboat designed by Nantucket sailor, Alfred Sanford, for cruising and racing.

 Yesterday was the day they "flipped the hull", apparently a difficult task to perform successfully.  The operation took about two hours, mainly accomplished by a decidedly low tech method of pulleys and rolling logs.  My favorite line was boatyard owner Brad Pease proclaiming "This is the way the Egyptians did the pyramids!"

The main point of the article was the fact that even in this economy, there are still people out there who want boats built,much to the delight of Cape Cod boatyard owners. The Magic Class 30 reportedly will cost $750,000 to build and will require 5,000 to 6,000 hours of labor, leaving Pease Boat Works personnel feeling "very blessed".  I would say so!!

Elaine

When Historic Guidelines Really are GOOD for you!

So you are trying to get something done to improve your property but dread the local Town Boards will just say "no."  Your stomach tightens and your palms perspire at the thought of asking for "approval" from say, the Historic Committee, to do something on your own property - like a screened porch or a pair of dormers to give you some extra bedrooms!  Right? Well fear not!!

The purpose of the Historic Act is to help property owners accomplish what they want within the guidelines.  That's it.  The Historic Committee is supposed to HELP you.  That help may come in many ways.  Often, a suggestion to increase the size of a window, move a skylight to the rear of the home, add a deck and stairs with some camouflaging lattice work or shrubs makes sense and really looks much more appropriate.  Changing grill configurations, trim details and even placement on the property can make all the difference in achieving Board approval and frequently can save you lots of money.

So, when you present your ideas, ask for help, suggestions and guidance.  The Board is there to provide an impartial evaluation of your request and constructive suggestions on how to make your property more beautiful and more valuable.  You may be too close to see the forest for the trees.  The Board will see advantages in matching certain architectural features on your house with a proposed guest house, shed or pool house. 

Don't be afraid to ask for help and be willing to incorporate good guidance. That's what we're there for!

Peter

Mid Cape Real Estate 2009, Part 1: Greeting the New Year with Optimism!

umair shuaib.

Image via Wikipedia

Here at Lomenzo Properties, we couldn't be happier about the start of this New Year, both for ourselves and on behalf of our clients.  Being sort of "glass half-full" types anyway (or, in Peter's case, "glass always overflowing"!) we are very optimistic about what this New Year will bring to the Cape Cod Real Estate market.

The  numbers are in for most of 2008 and they are not all that bad. The Mid-Cape towns of Yarmouth, Dennis and Brewster had a total of 989 transactions for the year, down from 1046 in 2007.  The market is still what we call "active" and more so since January 1 as our phones have been ringing and showings are taking place.  This past weekend, we've actually received offers on three of our lower-end properties that have been sitting on the market for some time. 

In Sunday's  Wall Street Journal, columnist Alan Murray refers to the "ONCE IN A LIFETIME BONUS OF LOW PRICES AND LOW INTEREST RATES" as a great impetus for prospective buyers.  He actually states in his article entitled "2009 Could Be Better Than You Think" that this will be a good year to invest in real estate.  His opinion is that if you find a property you like, have good credit AND a realistic seller, then NOW IS THE TIME to take advantage of the low rates and low prices.  Makes sense to us! 

Elaine