Archive for July, 2009

Sales volume and median prices continue to decline on Cape Cod at an identical rate with the Town of Dennis. The trend also shows a 52% reduction in sales of single family homes priced above $1,000,000.  The sale of land on Cape Cod has dropped severely with only one (1) sale since April of land priced over $350,000. With these facts in mind, pricing properties to sell needs to respect the changes in the Cape Cod real estate market especially in the mid-Cape area.

Image by Jim Frazier via Flickr

Last week we had a renter call the night before they were due to move in to their Cape Cod Rental for the week. “We’ve had a family meeting” she said ” and because the weather is predicted to be so bad, we would like to switch our week to one in August.”  Yikes! Well, as much as we would have liked to accommodate them there was no way we could!  Can you imagine the precedent that would set?  A logistical nightmare!  We do however, feel for them. How disappointing to look forward to your one week vacation on the Cape only to have it rain incessantly.

If your vacation ends up being a washout, there are  options to going to the beach!  There are museums, antique shopping, movies, and matinee plays at the The Cape Playhouse. Take a look at the Cape Cod Online website in the VISITORS GUIDE section to get you started.  And hey, don’t be too bummed out – you’re on vacation afterall!

Elain

Sales in Dennis for the period May 15 through June 30, 2009 reflect a continuing down-trend in sales and prices for the area.  Interestingly, the average selling price is 96% of listed price during the time frame.  18 properties sold in five Dennis Villages and only one sold for over $700,000.   Buying opportunities are ripe at the moment and continue to present values equal to those found in 2003 for most properties in the Mid-Cape towns of Dennis, Brewster, Yarmouth and Harwich.

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