Cape Cod Real Estate News
October 2018
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Greetings!
The Red Sox are World Champs! For some of you, that means you can resume your normal sleep patterns and rest up for continued house hunting! Recently, temps here have been in the low 60's and over 600 new residential listings hit the market in October alone. So don't delay! Let us help you find the home of your dreams so you can ring in the New Year here with us on CapeCod. 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. Inventory continues to sustain the same levels as a year ago, with almost 2300 single family homes on the market. 370 homes sold in September. All market statistics are running pretty close to the same numbers from a year ago, with the exception of Days on Market, which is down 16%. This means that the homes that actually sell are selling faster.
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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Mortgage rates for the 30-year fixed-rate mortgage averaged 4.86%, despite volatility in the stock market. Freddie Mac Chief Economist Sam Khater says he expects rates to continue to rise, putting downward pressure on homebuying activity. While this may keep some buyers out of the market, Khater feels that others could benefit from the decreased competition.
(Source: Mortgage Professional America)
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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Mortgage Rates - What a Difference a Point Makes!
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Most prospective home buyers are aware that interest rates have been slowly creeping upwards for a couple of years. While still at historic lows, the upward trend is expected to continue and with each increase, your buying power is lessened – unless, of course, you will be paying cash for your home.
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A Little Respect, Please!
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Hey, homeowner! It's me, your bedroom! You know -- the room you routinely ignore while you're fussing over all the other rooms, getting them perfectly coiffed for winter and the holidays?! How about a little respect?!
OK, so your bedroom can't REALLY write, but if it COULD, it just may have penned this article in
This Old House.
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Home for Thanksgiving? Heck, NO!
While some people love nothing more than spending countless hours in the kitchen preparing for Thanksgiving Dinner, others? Not so much. This article was written for the latter. Here are a few wonderful choices for dining out this Thanksgiving. Be SURE to call early to confirm availability, or you may find yourself eating a turkey sandwich in the parking lot of your local Cumberland Farms.
Daniel Webster Inn
(Sandwich) - Serving the Cape for over 300 years in the Cape's oldest town, the Daniel Webster Inn is a perfect place to spend Thanksgiving. Serving dinner from 11:30am-6:30pm. Be sure to call!
Old Yarmouth Inn (Yarmouth) - The wide pine floors and impressively large wood-burning fireplace make this a perfect setting for Thanksgiving dinner. Only problem is the event is so popular that it's already "full". But you can call on November 10th (set an alert on your phone) to get on the wait list. I'm guessing they wouldn't bother having one if you didn't stand a reasonably good chance of getting in.
Wild Goose Tavern (Chatham) - Continuing with our theme of old New England ambiance, the Wild Goose Tavern has the advantage of being located in downtown Chatham. So after you've stuffed yourself full of fowl or fish, you can work it off with a brisk walk up and down Main St. (Note: website doesn't mention Thanksgiving, but we're quite sure they're hosting. Be sure to call!)
The Red Inn (Provincetown) - Feel like making a day of it and even kicking it up a notch? Head down Cape to The Red Inn, situated right across the street from the where Captain William Bradford first stepped foot in the New World. Thanksgiving Dinner is being served 12-8pm. Be sure to call!
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Affordable One-Level Living in Wellfleet
One of the best values in Wellfleet, this home has been very well maintained and is ready for new owners to update it to their liking. Conveniently located, this home sits on a half-acre corner lot that offers plenty of space for all your outdoor activities. The kitchen, living and dining areas are open and bright. The master bedroom has its own full private bath while the other bedrooms share a full bath. If you need more space, the basement offers terrific expansion potential, with some of it partially finished already. Roof is about 10 years old and windows and slider have also been replaced. Being close to the bike path, a short ride to the Cape's best beaches, and not too far from Orleans, this home would be perfect as either a year-round or second home. Call Today!
Offered at $409,900.
Full details.
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Spacious "Best Buy" in South Dennis
Looking for lots of move-in ready space at an affordable price in a convenient neighborhood? That's what you'll find at this tastefully updated raised ranch, approved by town as a 5-bedroom home and close to beaches, shopping and town landing. One of the nicest homes on the street, this home is loaded with curb appeal. Inside you'll find hardwood, fresh paint, remodeled baths and many other updates. Walkout lower level with its own baths and fireplace offers great potential for separate living space. Large, fenced-in yard and new deck in the process of being installed. If you need flexible living space and lots of it at an affordable price, this could be the one. Call today!
Offered at $374,900.
Full details.
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