Cape Cod Real Estate News
March 2018
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Greetings!
What a difference a month makes! We went from warm temps and no snow to back-to-back Nor'easters! But power has been restored to the Cape and homeowners are getting their homes ready to show. Come on down and be among the first buyers to see the early Spring's new listings! Be sure you are registered for
Daily Alerts so that you don't inadvertently miss out on the best new listings.
Here is your latest issue of my Cape Cod Real Estate newsletter, designed to keep you abreast of the Cape Cod Real Estate market and related homeowner issues. Please feel free to use my website to browse the entire
Cape Cod MLS at your leisure. When you are ready to begin looking at properties, I would welcome the opportunity to provide you with unparalleled assistance throughout the buying process
at no cost to you. If you're selling a Cape Cod home, please call me for a free, detailed analysis of your home's value in today's market.
I hope you enjoy the newsletter and that I have the privilege of working with you soon.
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Sincerely,
Marie Kelly
Marie Kelly, ABR®, SRES®
Massachusetts Real Estate Broker
Broker License #009532005
Cape Cod Oceanview Realty
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Cape Cod Sales Statistics
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The most recent Cape Cod single family home sales statistics are now available and at the risk of sounding like a broken record, inventory continues to be unusually low. Compared to last February, the inventory of available homes is down almost 30%. This is even more dramatic when you consider that inventory in February 2017 was 25% lower than that of February 2016. So we are now in year 2 of unusually low inventory which typically results in rising prices and a Seller's market.
To view all Cape Cod (aka Barnstable County) Real Estate Statistics,
click here. Or, click on the map to select a town-specific report.
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At 4.5%, mortgage rates remain as high as they have been in a while, although still historically low. With the news of this week's rate increase, and as discussed in this month's blog, experts believe that rates will likely be even higher by the end of this year -- possibly even in the high 5's. However, new fears of a trade war could alter predictions and expectations.
(Source: MarketWatch)
To learn more about today's rates and the best mortgage for you, contact your Lender or one of our partners below.
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What a Difference a Point Makes
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On the heels of the Federal Reserve’s most recent rate hike, which takes its key rate to the highest it has been since the housing crisis, it’s important to understand its likely impact on mortgage rates and on your buying power if you are in the market for a new home.
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It's SPRING - the season of rebirth, renewal, and of course, spring cleaning! Check out these reminders from HouseLogic about dirty places often overlooked during this annual spring ritual.
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In Case You Missed It!
Ever have someone tell you about a great meal they had at a restaurant you never heard of? Here are a few top-rated establishments whose doors opened within the past couple of years -- perhaps when you weren't looking. Check them out before your summer guests arrive!
Spindler's (Provincetown) - With consultative assistance from Boston's "queen of cuisine", Barbara Lynch, how could you NOT have a five-star restaurant? The menu is French "New England style" and the ingredients are locally-sourced. Located in the Waterford Inn, this one is a must-try for Cape Cod foodies.
Brine (Eastham) - As you're whizzing through Eastham on route 6, make a point to stop at this relative newcomer for dinner or even breakfast. Owned and operated by local chef, Zia Auch, Brine features a nice variety of contemporary American dishes and can easily accommodate special dietary needs such as gluten-free, soy-free, nut-free and vegan.
Harborview Restaurant & Bar (Hyannis) - Late last year, Hyannis welcomed Harborview to the inner harbor on Ocean St. Despite opening late in the year, word is getting around about Harborview's fresh, tapas-style menu and noteworthy wine list. They serve a nice Sunday brunch, too.
Bucatino Restaurant & Wine Bar (Falmouth) - Open 7 days a week for lunch and dinner in North Falmouth, this Italian favorite has something for everyone on its extensive menu. Oenophiles will love the extensive wine list. If you enjoy live music while you dine, stop by on Friday or Saturday nights for piano or acoustic sounds.
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Private 1BR Provincetown Condo
Bright and airy 1 bedroom 1.5 bath condominium located privately in the back of Wildflower Complex. Fully furnished, low condominium fees, new gutters, new septic, designated parking for one car and guests. Pets and weekly rentals allowed. Private exclusive use patio - easy to show. Offered at $449,000.
Full details.
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Independent Living in Harwich Port
The Melrose is the ideal independent-living community in the heart of Harwich Port. Walk to EVERYTHING, including restaurants, the beach, shops, and transportation. If you’re looking for a comfortable, carefree lifestyle yet don’t want to be isolated or bored, The Melrose could be perfect for you. Check out both of our units.
Full details.
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