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      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