Busy Times on Cape Cod

Real Estate Agent with Jack Conway & Co.

It has been a very busy time here on Cape Cod so far in 2010, where I List and Sell Real Estate, from Sandwich to Falmouth, Provincetown to Bourne. I must admit that I have not been a consistant blogger of late, but I do think about it.  Here is what I think about.

My goal is to let those who might read my blog know, what the market is doing, what opportunities the market is presenting, and what you need to be doing as a Buyer and as a Seller. How many times can I say the market is great, it is the time to buy, price your house right and it will sell, interest rates are still low, blah, blah, blah. I think about what information my potential customers and clients really need to make informed decisions. Maybe it is the blah, blah, blah stuff that is important. So here is some.

The Cape Cod Real Estate market was down another 14% in sales last year, but values remain firm with some slight up ticks depending on the community. Foreclosures and short sales represent some 25% of the market, which creates 2 things. First, opportunities for Buyers, and secondly it drives down values. Interest rates continue to be low, but expect an increase by the fall, so timing is important. Tax credits for First Time Home Buyers are soon to run out, very important to be under contract by April 30, 2010, or you miss $8,000.00. After reviewing under agreement contracts so far this year, it is no surprise, houses priced to market are selling, and the interesting thing, they are selling within the first 30 days of being on the market, while last years inventory linger for 2 simple reasons price and terms.

I can only speak for myself, but I have been busier the first 2.5 month of 2010, with more under agreement transactions than the past few years, and as an optimistic fellow I trust this trend will continue, throughout 2010. See all the property available at www.peterhawley.com

Comments (1)

Roxy Redenbaugh
Roxy Redenbaugh (Acceptance Capital Mortgage Corporation) - Waialua, HI

Great Blog Peter, I too an optmistic about the future of the Real Estate market. Hawaii is my primary market but our company lends in 20 states and the talk is that things are picking up in several areas, Hawaii being one of them so I feel blessed. It couldn't have come at a better time for me personally as I am sure many other are feeling the same. I wish you the best and keep blogging! It does a heart good...

Mar 16, 2010 10:29 AM