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.

  Looks like the housing market is back on the move!.  In both April and May, home sale prices increased, and June is looking positive as well. In some markets, home prices are back where they were in 2003! Opinions are all trending towards a stabilization of the market, and accordingly, REEF has begun to see some material prices increase of the last few months (over 2%).  This means that things are definitely on the move. If you are thinking of a New Home, Remodeling, or Renovation project, now is the time to start and take advantage of this emerging market!  Click below to find out what your project might cost!

Here is the fill article on the housing market from Builderonline.com:http://www.builderonline.com/home-prices/home-sales-prices-increase-for-second-month.aspx

   REEF, Cape Cod's Home Builder has been designing, building, remodeling, and renovating Cape Cod Homes for over 25 years.  From its inception, REEF has also developed several hundred properties on Cape Cod.  We are constantly seeking land or other properties for our own development needs.  If you have land or a developed property that you are interested in selling, REEF would be happy to discuss the potential for a purchase.  Click below to contact us!

   Good news from the Cape Cod Real Estate market this month. Single family home sales increased 27.1% in May when compared to 2011. This signifies the 11th straight month of increased homes sales in Massachusetts. Builders, Realtors, Bankers and others are excited to see consistent month over month gains.  So does this mean we are out of the recession? Well, probably not, but it is just another indicator of consistent positive news in the market place.

Click Here for the Cape and Plymouth Business: Real Estate Sales Up - May 2012

   The Harvard Joint Center for Housing Studies has released it's 2012 State of the Nation's Housing Report.  All indications point to improved housing market nationwide, with a few interesting points. It appears that housing inventories are still high, and there are still several homeowners who owe more on their homes than they are worth.  This means a few more years of slow, but steady recovery. Also, the rental market seems to be growing at a steady pace based on the increased demand for rental property. This is an interesting point, and will also survive for a few if not several years given the tightened lending restrictons for home buyers. This is a great time to invest in a rental property on Cape Cod or elsewhere.  The tax advantages alone may make owning a rental property worth the investment, let alone the potential to build equity over several years.  If you are thinking of building, renovating or remodeling your home on Cape Cod to take advantage of this unique opportunity, you should contac REEF, Cape Cod's Home Builder.

Here is the full article from Housingzone.com: http://www.housingzone.com/industry-data-research/9-takeaways-harvards-2012-state-nation%E2%80%99s-housing-report

Good news from the MA Association of realtors

http://www.capeplymouthbusiness.com/news/show/2316

  One of our local realtors, Brian Pothier http://www.brianpothier.com sent out a comprehensive update on the Cape Cod Real Estate Market.  So far it looks like things are heading up!  As custom home builders, we constantly watch the market to see where housing and building demand is going.  A strong real estate market also bodes well for strong renovation and remodeling demand.

Click below to read the report!

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    We came across this article by the New York times that provides an in-depth review of the current state of the real estate market on Cape Cod.  Cape Cod builders are always looking for signs of the health of this market, as it is a strong indicator of demand for new costruction, remodeling and renovation services. Custom home and custom renovation requests are on the rise, and we have noticed strong demand in the last two quarters.  With all of these indicators, now might just be the time to make an investment in your Cape Cod home while prices and interest rates are still at historic lows!

Click here to read the full article from the New York Times: http://www.nytimes.com/ref/realestate/greathomes/GH-capecod.html

    Recently the CEO of JP Morgan announced 9 reasons the housing market is headed towards recovery.  Citing facts like steady population growth, reduced inventory, and steady job growth, CEO Jaime Dimon has a positive outlook on the market place.  As home builders on Cape Cod, REEF understands that information like this will not immediately translate into increased demand in our unique market.  However, since many of our customers make their investments in their Cape Cod homes based on the ability to sell their primary residence, things are looking up.  

Here is the full article from Housingzone.com: 9 Signs Housing is in Recovery

 Good news from the housing market.  It looks like the existing home market is on the move. Sales were up almost 9% last month as compared to sales in Februrary 2011.  Median prices were also up slightly. 

Click here to see the entire article from housingzone.com :Home sales up 8.8%

If you are thinking of purchasing a home or land on Cape Cod, now is a great time to get back into the market! Since existing inventory is at all time low prices, it is the perfect time to buy and start planning your renovation or remodeling project.  Click below if you are looking at a property and have questions!