Archive for the 'Cape Cod Real Estate' Category

There’s been a bit of a “business boom” in Dennis Village of late. And now we have a new kid on the block – literally! The Cape Cod Chat House has moved in at 593 Main Street in the Village, just a few doors down from our Lomenzo Properties’ office. I visited this new coffee house/art gallery and made a video to introduce you to this great new addition to our Village life:

Just had to share this new listing on Scargo Lake – GORGEOUS spot!  You could never build this close to the water today – a great value at $769,000!  Check it out:

Just in time for Easter, Dennis Village has a new candy store!  Nancy’s Candy, Etc. opened on April 1 next door to the Post Office on Main St., in the former home of Leslie Curtis Antiques.  Owner Nancy Magnuson worked for many years at Kandy Korner in Hyannis and has decided to transfer her expertise to her own shop in Dennis. Lucky us!

Here’s a video of Nancy in her shop.

P.S. Check out this ADORABLE COTTAGE we have listed, North of 6A and walking distance to Nancy’s!

One of my favorite industry sources, The KCM Crew, posted this blog today which I thought worth sharing with those of you THINKING about putting your house on the market.  The Spring market here on the Cape has been quite active, and this article presents an interesting perspective on the national market:

 ”Sellers in any real estate market are looking to get the best possible price. If you are looking to sell in the next year, todays price may  well be the best price. Home values stabilized somewhat in 2010. Many hoped that was a sign that values had bottomed out and we would see price appreciation in 2011. Studies released this week have painted a different picture.

If we look atCoreLogic’s January Home Price Index (HPI), we see that prices are again beginning to decline:

National home prices, including distressed sales, declined by 5.7 percent in January 2011 compared to January 2010…

Mark Fleming, chief economist with CoreLogic, said, “A number of factors continue to dampen any recovery in the housing market. Negative equity, which limits the mobility of homeowners, weak demand and the overhang of shadow inventory all continue to exert downward pressure on housing prices. We are looking out for renewed demand in the coming months as the spring buying season gets underway to hopefully reduce the downward pressure.”

They are not talking about the spring market increasing or even stabilizing prices. They hope it will “reduce” the pressure to drive prices lower.

Radar Logic’s RPX Composite Price comes to virtually the same conclusion:

Radar Logic believes the RPX Composite price will continue to exhibit year-on-year declines throughout 2011 due to a growing supply of homes for sale and in the inventories of financial institutions, and weakening demand due to the reduction of government incentives for home buyers. Moreover, banks are facing uncertainty over whether they will be forced by regulators to expand mortgage modifications, and may reduce lending and tighten standards as a result.

“No matter what you call it, a ‘double dip’ or the continuation of a long process of deterioration, the current trend in home prices is evidence that housing markets are continuing to languish,” said Quinn Eddins, Director of Research at Radar Logic. “We expect the negative trend to continue under a severe supply overhang that includes a large and growing ‘shadow inventory’ of homes in default or foreclosure.”

Bottom Line

It seems that prices have again begun to fall nationally. With the overhang of existing and shadow inventory, prices will probably continue to decline throughout most of 2011. If you’re thinking of selling, now might be the best time. Check with a local real estate professional to see how this might impact your area. ”

Elaine

In his role as Chair of the Old King’s Highway Regional Historic Commission, Peter has often been used as a source for many articles related to wind turbines on Cape Cod because two controversial proposals have come before his commission over the past 6 months.  Here is the most recent article on the subject in today’s  Cape Cod Times.

In this video, Peter addresses the issue of wind turbines on Cape Cod and why historic committes care about them.

When we make a  listing presentation to a prospective seller, one of the issues we always discuss is “Factors Relevant to Determining the Value of Your Property”” in which we deal with the facts of the current market and the things over which we and the Seller have no control.    Which really means that you have to ACCEPT certain facets of the current real estate market if you are going to list your home for sale.  I was reminded of this  when I came across  this article that speaks to the same matter  –  takes the simplicity of the well-known Serenity Prayer and applies it to the process of selling your home!  Acceptance, courage and wisdom - a great strategy in these times.  Remember, thousands of homes sold yesterday and thousands more will sell today. The right approach and attitude  will help make yours one of them!

Elaine

I really like this post about what the EXPERTS have to say about whether or not now is the time to jump into the real estate market, on Cape Cod or elsewhere.  Trusted sources believe now is the time to buy a home . We couldn’t agree more – especially on Cape Cod!

Cape Cod Real Estate market continues to rebound confirming the value of vacation homes on Cape Cod. Dennis leads the way along with Yarmouth, Harwich and Barnstable.

This data covers sales from JANUARY  through JUNE 2010

This is the first in what will be a series on things we love about living in Dennis, MA!

Today’s post focuses on a little known treasure here in Dennis Village  - HARVEST GALLERY.  There appears to be  a trend in Dennis Village for galleries to have dual personalities! (See my previous post on Borsari Gallery).  Besides being a top notch gallery of contemporary art, Harvest Gallery  is also home to a fabulous wine bar.  As owner/artist Michael Pearson says of his establishment “we entertain all the senses!”  The stylish space hosts the work of 30+ artists (including Pearson himself) as well as the wine bar featuring vintages  from around the world.  A full menu of tasty seasonal food is also offered at small tables and the sit-down bar.  The best part (in my opionion!)??  Harvest Gallery offers LIVE MUSIC by local musicians on weekends!  The Harvest Gallery is a VERY COOL place – don’t miss it!

P.S.  Harvest Gallery also hosts private parties.  See their website for details.

Elaine

This is the charming property with the yellow door guest cottage that you can’t help but notice anytime you travel along Route 6A in Dennis Village …..  What you don’t know is how beautifully renovated the interior is!  A 2006 kitchen remodel resulted in an upscale, inviting gathering place, complete with granite counters and top-notch appliances, yet still in keeping with the home’s historic nature.  The first floor master has vaulted ceilings and and an airy feel, and each of the remaining five bedrooms has a charm all its own. The living spaces are sun-filled and spacious,  and in summer spill out onto the backyard patio and gardens – exquisitely adorned in hydrangea and other summer perennials on this .87 acre property. A GEM in Dennis Village, offered at $879,000.