falmouth real estate trends: Are home prices falling faster than in 2006? Locally?
- 11/03/22 08:58 AM
Are home prices falling faster than in 2006? Locally?
I just read an article in Fortune that is titled, "Home prices are falling faster now than in 2006—Redfin’s CEO just revealed why". It is a relatively long read as articles go. And, it has some big names included in the interviewee list. But I think the last sentence is more honest than the title, "Simply put: Home price outlooks are all over the place."
Why not make the last sentence the starting point? Why not say that all real estate is local, and although there are some areas that are seeing corrections, there … (2 comments)
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falmouth real estate trends: Will Interest Rates Go Higher? 10-18-22
- 10/19/22 05:05 AM
Will Interest Rates Go Higher?
Will Interest Rates Go Higher is one of the most pressing questions in real estate circles. Everyone from buyers and sellers to banks and brokers are looking for detailed info to provide the answer. In a presentation to our company, National Association of Realtors Chief Economist, Lawrence Yun provided a series of graphs and explanations to provide some real estate data and info.
Mr. Yun provided 19 different graphs in as part of his presentation. The first of those is below. He began with an explanation of how mortgage rate resistance points are markers of the direction and … (6 comments)
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falmouth real estate trends: Housing Bubble and How to know in 2022 - Update 8-3-22
- 08/03/22 04:51 AM
Housing Bubble? How to know in 2022 - Update 8-3-22.
The first place to look is in your own real estate market. Ask the business people who are listing and selling property most often. Holly and I call them the ASR real estate agents and real estate brokers - those who Actually Sell Real estate.
6 Questions to ask your favorite "ASR":
A. Are the numbers of listings increasing?
B. Are there more price reductions happening?
C. Are properties staying on the market longer?
D. Are properties in distress by foreclosure pre-ceedings/processes on the rise?
E. Is average price still increasing?
F. Are you seeing fewer cash transactions?
UPDATE: G: … (6 comments)
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falmouth real estate trends: The Top Vacation Home Counties in the USA
- 03/23/22 10:40 AM
The Top Vacation Home Counties in the USA:
According to the most recent NAR Vacation Homes Report (https://cdn.nar.realtor/sites/default/files/documents/2021-vacation-home-counties-report-06-15-2021.pdf), the top 1% of vacation home counties were in 16 states. North Carolina had four vacation counties (Swain, Alleghany, Macon, Watauga); there were three each in New York (Greene, Sullivan, Hamilton), Vermont (Windham, Bennington, Windsor), Massachusetts (Dukes (Martha's Vineyard), Barnstable, Nantucket), and Michigan (Oscoda, Alcona, Clare); there were two each in Florida (Lee, Collier), Missouri (Hickory, Camden), and Maryland (Garrett, Worcester). Oklahoma, Maine, Arizona, New Jersey, Georgia, New Mexico, Delaware, and Minnesota each had one vacation home county that landed in the top 1% … (4 comments)
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falmouth real estate trends: Falmouth MA Real Estate Market in March 2021 Cape Cod
- 03/29/21 03:04 PM
Falmouth MA Real Estate Market in March 2021 Cape Cod
The Falmouth MA, Cape Cod, Real Estate Market in March 2021 is busy and crazy. Falmouth has limited inventory and rising prices. The pictures below show some of the data that we see in 2021.
With over 20,000 properties, Falmouth is one of the largest real estate markets on Cape Cod. As of this writing, there were 44 available properties in Falmouth in February 2021, and on the 29th of March there were only 35 homes not under agreement. Inventory is a real problem for our customers and clients who are trying to … (4 comments)
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falmouth real estate trends: Falmouth MA Real Estate Median Price is up 11% in October 2018
- 11/19/18 07:52 AM
Falmouth MA Real Estate Median Price is up 11% in October 2018
According to preliminary data released on Friday November 16th, the Falmouth MA Real Estate Median Price is up 11% in October 2018. In my earlier blog, I reported that the Cape Cod and Islands Association of REALTORS® (CCIAOR) reported a $49,900 increase over last October's median price for properties across The Cape. In Falmouth, that median price is even higher, +$51,425.
Comparing 2018 to 2017 Year-to-Date sales, 42 fewer homes sold in Falmouth in 2018 than in 2017, but the annual median price is actually up even higher by 13+%, to … (1 comments)
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falmouth real estate trends: The Falmouth Real Estate Market March 2014
- 12/27/14 01:24 AM
The Falmouth Real Estate Market March 2014
In March of 2014, there were 27 single family homes closed (sold), 4 condos, and 1 lot of land sold in Falmouth MA. There were no multi-families sold in March of 2014 in Falmouth. That is a total of 32 properties sold in Falmouth in March of 2014.
The average closed price of the single family homes was $402,130. The average closed price of the condos was $285,000. The cost of the lot of land was $51,500.
The properties in each category were on the market for an average of 138, … (1 comments)
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falmouth real estate trends: Falmouth Waterfront Property - Falmouth MA Waterfront Real Estate
- 11/24/14 01:48 AM
Falmouth Waterfront Property - Falmouth MA Waterfront Real Estate
The waterfront real estate market in Falmouth MA is strong. One reason is that there is that Falmouth has more waterfront than any other town in the country. With beaches, oceans, marshes, rivers, lakes, and ponds, Falmouth offers up boating and beaching, swimming and sunbathing, like no other place on Cape Cod.
The comparatively low coast of ocean front property in Falmouth is catching the eye of many independently successful families. A comfortable waterfront property in Falmouth can be found for under $3,000,000. With Jet Blue's daily summer flights to and … (0 comments)
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falmouth real estate trends: Real Estate Data Is Only As Good As The Source AND The Interpreter
- 11/10/14 03:08 AM
Real Estate Data Is Only As Good As The Source AND The Interpreter
The cleanest data is found in the actual MLS. Any reliance on a data provider that is not the actual MLS may cause mistaken conclusions. Correct data in any reporting process is important. It is especially important when looking at reports that are generated by data sources that have filtered it themselves, or that received filtered data.
How can I say this? Because I look at the cleanest data - the MLS data - and I see flaws in that data all the time. That MLS … (0 comments)
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falmouth real estate trends: When Should I List My Property For Sale?
- 11/08/14 12:29 AM
When Should I List My Property For Sale? or What Is The Real Estate Market Doing?
The answer to those questions will depend on where you are, what your price point is, and the condition of your property. These three factors can be discussed with a local real estate professional for the best answer. They have the most accurate local experience and data.
A piece of visual data that is useful a graphic representation like the one below. This example shows the actual numeric activity in the Falmouth market for a little more than a year, for all price points. … (3 comments)
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falmouth real estate trends: Homes Sales in Falmouth MA January 2013
- 10/10/13 06:18 AM
Well, it is now the end of the third quarter and the data is starting to become available to plan for the rest of the year. The real estate market in Falmouth Massachusetts, on Cape Cod, has seen some average to better activity. The sales data below (and in a few more following blogs) may be useful in identifying trends.
The marketing research department Robert Paul Properties has a few graphs and reports that will become available shortly. I will post them here for reference and reading. In general the market has now seen a bottom, has leveled for some criteria, … (0 comments)
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falmouth real estate trends: Why We Might Be At The Bottom Of This Real Estate Crunch
- 01/22/12 03:30 AM
I read an article this week about how the median price in the US is rising again. That caused me to look at Barnstable County to see if that is the case here. Here is what I found.
For Barnstable CountySingle Family Homes onlyOct 2010 to Dec 2012Date 10/10 11/10 12/10 1/11 2/11 3/11 4/11 5/11 6/11 7/11 8/11 9/11 10/11 11/11 12/11 Median Price $ 350 324 346 358 317 305 332 346 319 320 328 344 331 328 335
For Barnstable CountySingle Family Homes only1999 to 2012Date 12/99 12/00 12/01 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 Median … (4 comments)
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falmouth real estate trends: Falmouth MA Real Estate Trends From 2010 to 2011
- 01/13/12 03:32 AM
Here are some Falmouth MA real estate trends. Real estate professionals are the source for the information you find elsewhere, but their info is usually not as good, as complete, or as current as ours is. As real estate professionals,we are able to organize the market data in ways that you may not find from other places.
Here are three reports that show trends in Falmouth MA real estate. The first shows units For Sale, New Listings, Sold and Pending. For buyers and sellers, notice that the inventory numbers to decide if you think the market is improving or not. The second shows … (0 comments)
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Are home prices falling faster than in 2006? Locally?
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