Bob Sheldon has provided another update on the Eastham Real Estate market.  This month, it looks like things have continued to move in a positive direction. Home sales are up 31% on a year over year basis, and the steady demand continues.  If you are thinking of Building, Remodeling, or Renovating your Cape Cod Home in Eastham or on the Outer Cape, please CONTACT US today.

If you are thinking about your project, you should definitely take a look at our Critical Planning Guide so you know the steps involved to get your project off the ground. Click below to download:

Here is a link to Bob Sheldon's update: Eastham Real Estate Update

  Good news continues in the Cape Cod and Massachusetts Real Estate markets! Here is another update from the Massachusetts Association of Realtors

   There were 3,685 detached single-family homes sold this October, a 22 percent increase from the 3,017 homes sold the same time last year. This is the 16th straight month of year-over-year increases. The October condominium market was up 34.8 percent compared to the same time last year. (from 1,056 units sold in 2011 to 1,423 units sold in 2012). This is the 15th month of the last 16 that condominium sales have been up.  

The median selling price for single-family homes in October was $287,000 which was up 4.4 percent from $275,000 in October 2011.  

Condominium median selling prices in October were up 2.0 percent from the October 2011 median price (from $259,900 to $265,000). 

Inventory and Days on Market:

The inventory of single-family homes as of October 2012 decreased 23.5 percent from October 2011. This was also the largest single month year-over-year decrease since MAR has been tracking this data.

The inventory of condominiums on the market in October was down 32.2 percent compared to the year before.  

Detached single-family homes stayed on the market an average of 102 days in October 2012, which was down from 114 days in October 2011. Condos stayed on the market an average of 102 days, which was down from 111 days in October 2011.

So far, it looks like 2012 will be the start of the rebound for the real estate market, and as you know, demand will continue to increase. If you are considering Building, Remodeling or Renovating your Cape Cod Home, please CONTACT US today!

I

Great news from the Massachusetts Association of Realtors! If you are thinking of Buying Land, or a Building a New Home on Cape Cod, or if you are ready to Renovate or Remodel your existing home, Now is a GREAT time to start.  Market demand is growing steadily, so don't miss this opportunity! Contact REEF today to see how we can help!

Mass. October pending home sales has 2nd biggest increase 

 The Massachusetts Association of REALTORS® (MAR) released the October 2012 pending home sales report for single-family homes and condominiums. For the 18th straight month, homes put under agreement were up over the same month last year. In fact, it was the 2nd biggest increase since we've been tracking the data starting back in June 2007. On a month-to-month basis, pending sales were up from September.

Here are the highlights:

• Single-family pending home sales were up 35.9% compared to October 2011
• This is the second biggest increase next to the final month of the home buyer tax credit in April 2010
• Single-family month-to-month pending home sales were up 6.45% from September 2012
• Condo pending home sales were up 42.99% compared to October 2011
• Condo pending month-to-month home sales were up 6.56% from September 2012

   Looks like Eastham is on track for another strong year of Real Estate sales.  The 2nd quarter numbers are in, and they seem to be typical of recovering market after the slower summer season.  Certain indicators like a reduced inventory and steady sales above past years are all good signs.  Did you know, for instance, that there are still 23 residential lots available for sale in Eastham, starting as low as $125,000? If you are thinking of Building, Renovation or Remodeling in Eastham, now is a great time to take advantage of low prices, and great interest rates. 

Here is Bob Sheldon's Eastham Real Estate Update: Eastham Real Estate

    We do a lot of work with local realtors on Cape Cod, consulting on projects of all types ranging from New Construction, Custom Homes, and Renovations.  Often times, when a buyer is looking at a lot for sale, we will get involved early in the process to determine design and permitting requirements for the lots.  One of the firms we do a lot of work with is Oldcape/Sotheby's.  Oldcape has offices in Harwich, Orleans and Brewster and has a great team of realtors that can help in both the buying and selling process. If you are thinking of buying a lot, or building a new home on Cape Cod, Oldcape / Southeby's and REEF are a great team.

Here is a link showing their current listings on Cape Cod: What's For Sale on Cape Cod?

   Here is another Eastham Real Estate Market update from Bob Sheldon at ReMax Classic. Looks like Home Sales are are continuing to increase on a year over year basis, and the Real Estate Market is looking strong for 2011.  The most interesting fact is that home sales in Eastham are approaching levels, not seen since 2006!.  If you are thinking about Building or Remodeling your Eastham home click here to contact REEF, Cape Cod's Home Builder!

Here is a link to Bob Sheldon's Eastham Market Update: Eastham Market Update

   REEF, Cape Cod's Homebuilder has been involved in the Cape Cod Real Estate market for over 25 years.  With nearly 1,500 projects completed, and daily interaction with real estate professionals and property owners, REEF has seen all of the ups and downs of the market cycle. Over the last 7 years, Cape Cod Real Estate has declined in value, just like many areas in the country.  However, we here at REEF feel we are approaching the end of the cycle.  So, if you are thinking of buying, Building, or Remodeling your Cape Cod Home, NOW is a great time to act. 

Here is an article from boston.com that talks about buying on the Cape: Buy NOW on Cape Cod

If you would like to know what your project may cost, take a look at REEF's 2012 Construction Cost Guide by clicking below:

 We get a monthly news letter from Bob Sheldon, a realtor in Eastham.  Looks like more good news for the Eastham Real Estate Market.  Sales have increased 39% since last year, and activity for land, homes and condominiums is strong.  If you have been waiting for the market stabilize, and are thinking about buying, building or renovating your home in Eastham.  Now is a great time to make your move!

Here is Bob's news letter: Bob Sheldon - September Update

   Prices for existing homes have continued to rise this summer.  July marked the 5th consecutive monthly increase for year over year sales data.  This is good news and shows continued strength in the housing market. 

As a custom home builder on Cape Cod, many of REEF's customers are selling their existing homes to  retire here on beautiful Cape Cod.  With low interest rates, and rents on the rise, the housing market has begun a consistent upward trend, allowing people to sell their homes at a higher price.  The favorable interest rates also help the construction / renovation market as construction loans are also available at similarly low rates.  If you are thinking of building a new home on Cape Cod or Renovating your existing home click here to find out what it might cost:

Here is the full article from residentialpros.com: Home Prices on the Rise

Here is the latest info on Cape Cod Real Estate... looks like things are really on the move! If you are thinking of Building a New Home, Remodeling or Renovating, please contact REEF Realty today at CAPECODBUILDER.COM

JOHN F. MEADE, REGISTER OF DEEDS

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

FOR THE MONTH OF JULY 2012

SALES VOLUME JUMPS, MEDIAN VALUE FLAT!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in July 2012 was up 33.8% from July 2011 volume and the total value of sales was up 46.9% from the previous year.  The median individual property sale value was down 0.2% from the previous year.  There was a 78.4% increase in the volume of mortgage activity from July 2011 levels.

Year to Date: Volume of Sales is up 23.6%; Total Value of Sales is up 30.9%; Individual Sales Value is up 3.8%; Mortgage Volume is up 38%.

Register Meade reports that there were 605 deeds recorded at the Barnstable Registry of Deeds in July 2012 with stated sales values above $50,000.00 representing a stated value of $259,374,719.00 in county-wide real estate sales. Based on all property sales valued above $50,000.00, the median sale price of property in Barnstable County in July was $284,000.00.

There were 1,604 mortgages recorded with values above $50,000.00 in July with a total value of $448,358,950.00.  The median mortgage amount, commercial, residential or other, was $222,300.00.

By way of comparison there were 452 deeds recorded at the Barnstable Registry of Deeds in July 2011 with stated sales values above $50,000.00 representing a stated value of $176,602,644.00 in county-wide real estate sales. Based on all property sales valued above $50,000.00, the median sale price of property in Barnstable County in July was $284,500.00.

There were 899 mortgages recorded with values above $50,000.00 in July with a total value of $246,965,561.00.  The median mortgage amount, commercial, residential or other, was $221,791.00.