Blog :: 09-2009

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
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%        
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%        
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%        
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%        
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%        
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%        

Lomenzo Properties Wins Website Award

LP_BrokersLomenzo Properties of Dennis Village on Cape Cod  won first runner up in the broker/office category of the Massachusetts Association of Realtors 2009 Website Contest.  We are particularly gratified as we are a small "boutique firm" and beat out countless larger offices in our category. The award was due to the wealth of information offered for users of our website.  As the MAR article stated "Lomenzo Properties does a great job of integrating market statistics, property search, and a well-maintained blog into the visitor experience." Take a look for yourself and let us know what you think!

Harwich Port Beauty - Garden aficionados take note !

29 Wequassett Rd, Harwich Port, MA Cape Cod

29 Wequassett Rd, Harwich Port, MA Cape Cod

You will be utterly enchanted by the setting of this splendid home, nestled as it is within the most extraordinary gardens this side of Provence! Designed by the architect to be a sensual experience, meditative and unusual, the outdoor living space of this home features exquisite brick and bluestone walkways, rose gardens, fountains, arbors both natural & crafted, and antique ironwork surrounding special spaces your family and guests will revel in. The 6BR/6BA renovated home is an oasis itself, ideal for entertaining with its gourmet kitchen, sun-filled living spaces with French doors leading to the gardens, & separate 2BR/2BA wing perfect for the guests who are sure to covet your Harwich Port paradise. PRIVATE association beach (2/10 mile away) and DOCK rights. Don't miss this TRULY REMARKABLE property!

Family Compound on Cape Cod

72 Whig Street, Dennis Village

72 Whig Street, Dennis Village

We call this exquisite property "The Jewel of Dennis Village" for good reason!  Set on nearly 2 pastoral acres, it is perfectly situated in the very heart of coveted Dennis Village, a walk to the beach AND a walk into town.  Because of the difficulty in capturing the grandeur of this property in standard photos, we hired an aerial photographer to shoot it from above, clearly showing the beauty of the grounds and the structures on it.  The property features 4 separate structures - 2 homes (for a total of 8 BR/8BA) , a garage/guest cottage and a pool house.  View the virtual tour for a detailed look at this exceptional property!