Falmouth Ma History and Market Reports 2007 - 2010

By
Real Estate Agent with Robert Paul Properties

 

Falmouth, Massachusetts is situated in the southwest corner of Cape Cod, known as the Upper-Cape. It is the second most populous and second largest town on the Cape, and probably has one of the longest coastlines in the state. Some 70 miles of seashore edge the town. Consequently, there is a lot of land development with high value, high demand, and the choice views that create real property wealth.

 The town was settled by English colonists in 1660 and officially incorporated in 1686. Early economic activities included farming, salt works, whaling, shipping and sheep husbandry. By the late 1800s cranberries were being cultivated and strawberries were being raised for the Boston market. With the arrival of the railroads in 1872, the town and its constituent villages became popular summer resorts. The villages that comprise Falmouth consist of Woods Hole, Sippiwissett, Quisset,Waquoit, Teaticket, East Falmouth, West Falmouth, North Falmouth, Falmouth Village, and Hatchville.

 The village of Woods Hole features a number of famous marine science institutions,including Woods Hole Oceanographic Institution, the Marine Biological Laboratory, the Woods Hole Research Center, NOAA's Northeast Fisheries Science Center (which started the Woods Hole scientific community in 1871), a USGS coastal and marine geology center, and the home campus of the Sea Education Association. It is also the site of United States Coast Guard Sector Southeastern New England, the Nobska Light lighthouse, and the terminus of the Steamship Authority ferry route between Cape Cod and the island of Martha's Vineyard. Falmouth is highly attentive to the environmental demands of its coastline. Large tracts of land have been set aside for public conservation, allowing the area's native species to thrive and enhancing the community's natural beauty. The town features 818 acres of freshwater ponds and about 2,209 acres of saltwater bays and harbors lined by dozens of public and private beaches. The community also boasts an active civic life, with annual events including the Falmouth Road Race, a 7-mile race that draws more than 10,000 runners from around the world each August.

 The Average Home Sale Price in Falmouth in 2010 is $458,925 which is up less than 1% over the average home sale price in 2009 at $457,006. In addition, the average home sale price represents a 24% decline from Falmouth’s high of $569,805 back in 2007.

The average days on market for a home on the market in 2010 was 143 days which was an improvement over the average days on market for a home sold in 2009 which was at 152 days. The strongest year overall was in 2007 at 129 days on market. Falmouth is seeing an overall improvement but still has a ways to go.

The number of homes sold in Falmouth, Ma has improved dramatically in 2010 at 453 homes sold. This is an increase of 15% over 2009 and 2008. It is even more homes sold than in 2007 which is at 442 homes sold. This shows that the home buying market is very stable in Falmouth and is on the increase making Falmouth a very desirable area to live.

 If you are interested in learning more about buying or selling your property on Cape Cod please visit my website at http://LBG.virtualhomes.com Laurie Bailey-Gates, a Realtor with Virtual Homes Real Estate, will provide you with service, trust and the most advanced technology for today's market.  Servicing Cape Cod, MA and Barnstable County, MA.

 For a FREE no obligation home search tool sign up at my home search site.

Posted by

Laurie C. Bailey-Gates

Robert Paul Properties

Serving Cape Cod, Massachusetts

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Rainmaker
909,533
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Laurie,  What a great market report!  I love the way you did the history of Falmouth.  I was there many years ago and remember it as being very beautiful. 

Feb 19, 2011 11:58 AM #1
Rainer
212,105
Tim Peterson
Wisconsin Realtor Safety and Concealed Carry Classes - Madison, WI
Realtor Safety Training Classes

Hi Laurie-thanks for the history-its amazing homes are still bringing over $400,000 there

Feb 19, 2011 03:38 PM #2
Rainer
332,769
David O'Doherty
Raleigh Realty Inc - Clayton, NC
Clayton NC Homes, Raleigh, NC

Laurie, good report on Falmouth, MA real estate and quite a bit of history up there on the Upper-Cape.

Feb 25, 2011 11:06 PM #3
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