by Deborah Schilling
29. June 2011 23:36
As we enter the second half of 2011, the real estate forecast is partly cloudy! I have had a great first 6 months of 2011, and my Sellers and Buyers seem pleased to buy or sell their Cape Cod property.
We look ahead and some economic signs are troubling, but the activity here on Cape Cod seems to not always be directly affected as other areas of the country are. Second home buyers are purchasing properties for personal use, and/or for eventual retirement. There seems to be a trend toward down-sizing, too, as many of the larger homes remain unsold. The First Quarter 2011 statistics for Cape Cod and the Islands shows the number of sales down substantially by 41%, as compared to 2010, and yet the median price rose by 5.7%. This doesn’t mean prices are rising, yet it does show that there are more expensive houses selling as compared to the vast number of foreclosures that pulled the median prices down in 2010 (and created the larger number of sales in 2010-combined with the tax credit incentives).
I continue to work full time as an experienced real estate professional, and am ready to help you or your referrals with buying or selling decisions. Enjoy the phot below, showing one of only 2 bridges that access Cape Cod -we are an island unto ourselves!
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