July provided a strong beginning to the third quarter with pendings up substantially. While we don’t want to overstate it, there is a lot of activity showing that the fundamentals of the outer Cape real estate market are strong.
Buyer demand is high and broadbased. Single family homes were active even with limited inventory available. 10 single family properties went under agreement in July, representing 45% of the 22 that were on the market at the beginning of the month. Currently there are 18 singles on the market.
Condos were way ahead of last year with 33 condos going under agreement in July representing 35% of the available invenotry at the beginning of the month. Currently there are only 71 condos on the market.
Early August is looking good. Commercial Street is busy wih lots of masked visitiors and residents alike. From anecdotal reports business’s are saying the may have a 50% to 75% season. Safe is best, and hopefully we can pull off even more as we hed into the favorite fall season.
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