* Survey indicated that 5% of total sales were of a price range of $1.3 Million or over.

* CC&MLS stats indicated that 6% of total sales were of a price range of $1.3 Million or over.

* Survey indicated that 25% of all sales were of a price range between $250,000 - $450,000

SELLER IMPRESSIONS

* 35% if sellers appear to be remaining on the cape, upgrading, downscaling, or moving to condo/ assisted living.

* 39% of sellers appears to be leaving the Cape, retiring or relocating for family.

* 25% of sellers could be either- financial or death/ nursing home

* Only 50% of sellers work full time

* 17% of sellers are retired or semi- retired.

* 15% of sellers have children at home

* 8% of sellers are single

BUYER IMPRESSIONS

* Massachusetts buyers represent 65% of sales.

* Cape Cod buyers represent 34%

* Vacation home/retirement buyers represent 49% of sales

* Primary residence buyers represent 43%

* Investment buyers represent 34%

* First-Time buyers only represent 13% of sales.

* 1-2 member households represent 53% of sales.

* 3 or more member households represent 40% of sales.

FINANCING

* Conventional Mortgages still comprise the majority of financing with 77% of market

* Cash deals represent 18% of the market, Agent observations reflect a large number of Million dollar plus sales are cash deals and not financed!

Agent Comments

* Buyers are much more knowledgeable about the buyers process- much more educated with the process.

* Buyers shop online before going out to look at properties- and are more educated.

* Buyers are more analytical reflecting GenXer's working in financial services rather than the Boomers who bought on emotion.

* Now Location is not as important as price!

* Much more cautious and very concerned about their purchase being a good value and wise investment.

* Local people are leaving and out of town customers are buying and renting the houses out in the summer.

 Your Comments are welcome!  www.activerain.com/sdw1

 
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1 Comments on Recent CC&I MLS Agent survey results

MAR
25
2008
Sounds interesting in Massachusetts!  You're right about the difference in the generations.  Maybe its best not to be such emotional buyers and baby boomers.  Whew!  They are in love with their homes because they brought their babies home there and think they're worth more than we can get for them in many cases!  Good blog -- good luck!  Nadine Blakely, RE/MAX, Lynchburg, VA  
8:47pm • #1

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Stephen D White, E-Pro, ABR Cape Cod RealtorĀ®

Falmouth, MA

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Ocean Blue Realty llc

Address: 14 Nye rd, Falmouth, ma, 02540

Office Phone: (508) 540-1964

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