Cape Cod Foreclosures, Bank Owned & Short Sales

By
Real Estate Agent with Cape Cod & Islands Keller Williams Realty 9090771

Cape Cod Foreclosures, Bank owned & Short Sales represent a small percentage of our overall Cape Cod Real Estate market. If you were to ask some agents they might say its is a big part of our market.

However if you look at the real market statistics ( from a sample of Cape Cod) it really matters what town, village your talking about.

Tale a look at Mashpee, the Market Data . The Market is telling us that only 32 Mashpee Homes for sale are  Foreclosures, Bank owed or Short Sales. Mashpee Real Estate Satistics

OK That's good for Mashpee, what about in the village of Marstons Mills which lies in the town of Barnstable. A different story unfolds.Marston's Mills Market Statistics

17.1% Distressed... What! in the Mills... That equates to almost 18 homes that have lost there homes to the bank or are in jeopardy of losing their home. That's a pretty good number in reference to how many home are on the market in Marstons Mills.

 

Well if we dig a little deeper and look at towns/villages that are next to the Mills what will we find? How about the high rent district of Osterville, or the community of Centerville. How are these Cape Cod towns/villages in regards to Foreclosures, Bank owned or Short Sales? Lets see.

Osterville Market Satistics  Centerville Market Statistics

So what does this Cape Cod Foreclosures, Bank owned or Short Sales market data tell me, or what does it mean to you.. There is still a little pain out there. Cape Cod is not as bad as some parts of the country but we have some healing to do. 

So whats the bad news?

 We'll recently i have been getting more and more request to do bank BPO's which might suggest that there are more Foreclosures, Bank owned or Short Sales coming. 

Whats the Good News?

If you want to sell your home this year, don't wait for the spring market. Right now we know what we have. We have buyers looking for homes, we have historical low interest rates (which allow more buyers to qualify to purchase your home) and we have a bunch of properties out there that are just priced too high, making your home more attractive to the serious buyers who are willing and able to make it happen Now

My Suggestion:

Contact us today and let our outside the box aggressive marketing system locate the qualified buyer for your home. Price it right, and start packing 

Happy Seller

 

 

 


 

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