Smart buyers purchasing Real estate on Cape Cod know that their window of opportunity is almost over. If you purchase now most closings will happen in April or May 2011. This gives the new owners just enough time to work on the property before the season officially starts and the salt water beaches beckon you to relax.
Historically the most anxious sellers list and sell in the winter months because they MUST sell. But be aware that sometimes the owners will readjust the price in the Spring, 5%-!0% upward, due to supply and demand.
In the last few weeks several properties that had been sitting around in the Hyannis Waterfront District have recently gone "pending" meaning that buyers, investors and first timers are smartly snapping these properties up! Just around the corner are the upcoming Cape Cod summer events like the Melody Tent, Pops by the Sea, Father's Day Car Show, maritime feativals, shelling, fishing, salt sea sailing and various other delights that Cape Cod has to offer.
Of note condominiums are getting bought up as well. There has been a lull in this market over the years but it is beginning to turn around. This weekend nine units went under agreement in the Mashpee, Barnstable, and Sandwich areas that had been on the market over 200 days. So if you want to come to the cape and not do yard work, would like a pool, tennis and trash pick up why not buy a condo at Deer Crossing in Mashpee for $182,500 or a condo in Highview in Sandwich for $162,500. Low fees, total enjoyment, relaxation and fun.
Of note the bank rates going over 5% may be a wake up call if you will be financing. If you want to be "wash ashore" and are ready to experience the magic of Cape Cod Massachusetts my recommendation is to do it now before you say coulda, shoulda, woulda!