Cape Cod Real Estate News
April 2018
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Greetings!
Inventory is FINALLY starting to rebound! Many homeowners who put off selling are getting ready to list their properties. If you begin shopping now, you could be in your new Cape Cod home just in time for the Fourth of July fireworks! 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 while inventory is still down compared to last year, the difference is now only 18%, compared to the 25-30% that has been typical over the past year. The low inventory continues to impact median selling prices which are up almost 10% compared to March 2017.
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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Interest rates continue their slow climb, with the average 30-year fixed recently surpassing 4.5%. They are the highest they have been since 2013 and could soon surpass 2010 levels. Coupled with low inventory and rising prices, buyers could be paying more for less by the end of the year.
(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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Buy Today - Retire Tomorrow
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If you’re one of the many Cape Cod home buyers who are shopping for a home today but not planning on purchasing until you retire, you might want to consider the benefits of buying your Cape Cod retirement home sooner rather than later, if you are in the financial position to do so.
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With grass springing back to life and flowers starting to bloom, your backyard cleanup projects are probably well underway. Here are some great tips from HouseLogic to be sure you're not inadvertently HURTING your landscaping rather than helping it.
Read the full article.
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New to the Cape Scene!
If you're just starting to come back to the Cape after the long winter, you may have missed the news about these new establishments that should be in full swing by the time your guests arrive!
Ten Pin Eatery (Hyannis) - Following in the footsteps of The Lanes in Mashpee and the Orleans Bowling Center, Ten Pin Eatery - which recently opened at the Cape Cod Mall - combines food, fun, adult beverages, and entertainment - all under one roof. In addition to bowling, laser tag and video games, they've got a great lineup of live bands on the weekends. Check their website for details!
Soprano's Casino By The Sea (Falmouth) - The owners of Soprano's in Mashpee have taken over what used to be Casino Wharf FX at Falmouth Heights Beach and transformed it into a second Soprano's location. Projected opening was mid-April but we think they're a little behind schedule. For up-to-date news, keep an eye on their
Facebook page.
4940 Brickhouse (Eastham) - This family-friendly eatery will be opening in May and will be a year-round restaurant open from 8am to 10pm, according to their Facebook page. Housed in the brick building formerly known as the Sandpiper, Brickhouse, according to their website, will feature "America style cuisine infused with Caribbean flavors". Can't wait.
Grill 43 (Yarmouth Port) - The owner of the ever-popular Rock Harbor Grill in Orleans has taken on a partner to open a second restaurant on 6A in Yarmouth Port, in the space that was most recently Primavera and previously Lyric. According to co-owner Stephen Baroni, it will be a neighborhood restaurant with something for everyone. A place where you can get a salad and a burger, or a gourmet meal. Hopefully Rock Harbor's popularity translates nicely to beautiful Yarmouth Port. Should be opening soon.
TRAFFIC WARNING - If you're traveling to the Cape, be forewarned that there is bridge work on the Sagamore that will continue until Memorial Day. Expect delays heading in both directions.
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Wellfleet Waterfront Beauty
Located on a quiet cul-de-sac in the ''Great Pastures'' neighborhood of Wellfleet. Bordering on the Cape Cod National Seashore with spectacular views of the abutting Herring River Estuary and Cape Cod Bay, this is a beautiful and privately located 4 bedroom, 4 bathroom architect-designed, custom-built, multi-level contemporary home in pristine condition. This lovely year-round home has a spacious waterview deck for entertaining, redwood hot-tub with views, solar panels, grape arbor, screened porch, billiard room, back-up generator and attached 2-car garage. Don't miss this rare opportunity to own a special home in Wellfleet. Offered at $1,950,000.
Full details.
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Best Value in Dennis!
One of the best values in town, this spacious home set on a private lot bordering open space is just waiting for someone to finish the updates and build equity fast! A brand new first-floor master suite completed in 2017 added almost 500 beautiful square feet to the original house. Wide pine floors - the kind everyone wants - are just waiting to be refinished and can be found throughout the large, charming dining room and front-to-back living room. Two bedrooms upstairs share a full bath and there's a bonus room off the kitchen that can be used as an office, den, guest space, or perhaps to expand the kitchen. A truly unique home in a quiet, convenient neighborhood. This much space at this price won't last. Call today. By appointment only. Offered at $399,000.
Full details.
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