2011 was an interesting year in real estate on Cape Cod. Properties in good locations retained much of their value, while many people looking for raw land to build a new home felt that prices were too high. At REEF we regularly monitor lot sales, and have noticed some interesting trends. First, many of the lots that were on the market for the last several years have come off the market, probably waiting to be re-listed in the spring to take advantage of the larger pool of buyers. More importantly, we have seen many lot prices drop over the last year or so, as sellers are more motivated to move their inventory.
If you are thinking of building on Cape Cod, now is a great time to take a hard look at what is available for land. It is imporant to work with a competent real estate agent, and get a company like REEF involved early in the process. Custom building on raw land can be a complicated process for a buyer, especially with all of the factors involved. It is critical to have a team that is familiar with all of the zoning, septic, permitting and legal hurdles so the process can be smooth and predictable. Contact us today if you are thinking of purchasing a lot... you would be surprised how easy the process can be with REEF on your side. CONTACT US
If you would like to search the Cape and Islands MLS for land click here:-MLS Property Search
REEF also has lots listed for sale in Dennis, MA click here: FOR SALE
