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What $900K Buys You On The Cape

Another great post from Jazmine at Curbed.Com

What $900,000 Buys You on Cape Cod Right Now

 by Jazmine Donaldson

It’s time once again for Curbed Comparisons, where we break down what you can get at the same price point, style or size in eight different Cape and Islands neighborhoods. This week, listings for around $900,000.

Here now, eight Cape Cod properties asking around$900,000 – year-round, single families, condos, on Cape Cod Bay, with an auto barn, with gorgeous views, bulldozer bait, recently expanded, all decked out, recently PriceChopped, move-in ready, and ready to rent – with a little something for everyone.

What $900K Buys on Cape Cod
SAGAMORE BEACH
Kicking off in Bourne with a 4BR, 3BA on Sagamore Beach. Built in 1963, the 4,273sf house on Cape Cod Bay has a “great rental history” and a wrap around deck with gorgeous views. First listed in 2014 for $1,199,000, the beachfront listing is now hoping for $899,900.
93 PHILLIPS RD, BUZZARDS BAY, MA 02532
WEBSITE
MASHPEE
Land ho! There are currently two houses on this waterfront lot with the potential for replacements “or combine and build six bedroom home.” The “boater’s paradise near Waquoit Bay” has deep water access to Nantucket Sound is asking $899,000.
368 MONOMOSCOY RD, MASHPEE, MA 02649
WEBSITE
WEST BARNSTABLE
“You can built at least one more house on it!” Yup, this 4.81 acre spread with a 3BR house and separate entrance guest quarters has room to grow. In addition, there’s an in-ground Gunite pool, a large deck, gazebo, tree house, and a detached auto barn. Asking price is $899,000.
96 PARKER RD, WEST BARNSTABLE, MA 02668
WEBSITE
SOUTH HARWICH
Built in 1950 as a small bungalow, the house was expanded in 2008 and is now a one-level 2,511sf with 4BR, 3BA. Located “less than a mile to Red River Beach,” the .79 acre property is asking $899,000.
140 UNCLE VENIES RD, HARWICH, MA 02645
WEBSITE
NORTH CHATHAM
This 1950s Cape with a wisteria-covered entrance is located in the Harbor Coves community and comes with access to a private association beach on Crow’s Pond. Asking price for the 3BR, 2BA is $899,000.
44 WOODLAND WAY, NORTH CHATHAM, MA 02650
WEBSITE
ORLEANS
“Location, location, location!!! This wonderful colonial is set on a private one acre lot just seven tenths mile from fabulous Nauset Beach.” The 4BR, 4BA was built in 1980 and is asking $900,000.
12 HIGH ST, ORLEANS, MA 02653
WEBSITE
EASTHAM
Built in 1996, this 4BR, 3BA is “just a short stroll down a sandy lane to one of two private association beaches.” The .95 acre spread is asking $899,900.
415 QUASON DR, EASTHAM, MA 02642
WEBSITE
PROVINCETOWN
Finally, to PTown and an East End penthouse condo with 2BR, 2BA. The rather lovely 1,754sf duplex features two exclusive use decks, bay views, two parking spaces, and deeded beach access. Yours for $899,000.
586 COMMERCIAL ST, PROVINCETOWN, MA 02657
WEBSITE
 See all available properties at Beachfront-Realty.com
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Real Estate – The Best Investment

Good visual and post from the KCM Crew!

Real Estate Again Seen as Best Investment

by 

Real Estate Seen As Best Investment Again | Keeping Current Matters

We are almost back to ‘pre-housing crash’ home values. The inventories of distressed properties (foreclosures & short sales) are shrinking dramatically. The economy is improving. The job numbers are headed in the right direction.

The big question that still remains: Have Americans regained their confidence in real estate as a worthy investment?

According to a survey conducted by Princeton Survey Research Associates, Americans have put real estate back into first place as the best of all investments.

Here are the results of the survey:

Best Investment | Keeping Current Matters

Bottom Line

Homeownership never lost its place as a key component of the American Dream for a host of financial and non-financial reasons. It is good to see that it has regained the top spot as best overall investment.

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Provincetown Listing Of The Week – 233 Bradford Street #9

Our favorite new listing of the week is 233 Bradford Street #9 – $375,000. It is a light and airy two bedroom condo in the beautiful East End steps from PAAM and the East End Market…more importantly it is mere steps to the gorgeous bay beach.

living room MLS

 

 

 

 

 

 

 

This charming top floor condo has two bedrooms, two decks and is a delightful short walk to the bay beach. The open floor plan consists of a living room- dining area – and an open kitchen. There are sliding doors to a sunny private deck right off the living room.. a second deck directly off the kitchen is perfect for morning coffee. There are two separate bedrooms, both with closets and room for queen size beds. There is a large common deck with a grilling area in the rear of the property. A charming path leads to the beautiful bay beach a half a block away. Many recent improvements include new decks, railings, and windows. New driveway, fences and landscaping on west side of building There is private basement storage as well as extra bike storage. Weekly rentals are allowed and pets for owners.

 

bedroom 1 MLSliving to deck MLS

common patio MLS

path to beach MLS

 

 

 

 

 

 

See all properties for sale at Beachfront-Realty.com

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B&T – July Is Best Month for Mass. Home Sales since 2005

Banker & Tradesman – July is Best Month for Mass. Home Sales since 2005, Grow 24.3 Percent Year-Over-Year

BOSTON, August 25, 2015 – The 7,077 single-family home sales in July signaled the best month for the Massachusetts real estate market since June 2005, according to a new report from The Warren Group, publisher of Banker & Tradesman.

By breaking 7,000 sales, July saw the market’s first return to that level in more than 10 years, since the 7,239 sales recorded in June 2005. The big month marked a 24.31 percent increase year-over-year from July 2014, which had 5,693 sales.MAsaleschartJuly15

The median sales price for single-family homes in July 2015 was $359,900, a 1.38 percent increase from July 2014’s median of $355,000. Year to date the median price has been $340,000, a 1.49 percent increase from last year’s mark of $335,000 through July.

“July’s numbers are the result of a very strong spring season and are an improvement over the sluggish start to the year,” said Cassidy Murphy, editorial director of The Warren Group. “A rough winter and pent-up demand turned into a strong spring that is a positive sign for the real estate market throughout the state.”

The condo sales market in July was also robust, seeing 2,794 sales, the most since August 2007. This month’s mark was a 20.07 percent increase from July 2014, which had 2,327. July 2015 supplanted last month as the best month in the eight-year stretch. There were 2,764 in June.

The median condo price in July was $337,500, up 3.85 percent from July 2014, when the median was $325,000. Year to date the median condo price has is $316,685, up .86 percent from $314,000 at this time last year.

Year to date Massachusetts has had 28,745 single-family home sales, a 6.52 percent increase from last year’s total through July of 26,985. There have been 12,132 condo sales through July, a 1.8 percent increase over last year’s year-to-date total of 11,917.

The Warren Group has recorded and tracked real estate transactions since 1872. The fourth-generation family-owned company uses its long-time leadership in Boston real estate and banking information to produce specialized reports and printed publications, including Banker & Tradesman and The Commercial Record.

With more than 140 years as a local business leader, The Warren Group has developed relationships with a variety of industry leaders and trade groups, including bankers, mortgage brokers, credit unions and lawyers. Working together with our partners, The Warren Group organizes trade shows and industry events, including The Bank Summit, coming in October.

For more information about The Warren Group, visit www.thewarrengroup.com.

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$575,000 On Cape Cod

Another great curbed CURBED COMPARISON from Jazmine.

What $575,000 Buys You on Cape Cod Right Now

by Jazmine Donaldson

It’s time once again for Curbed Comparisons, where we break down what you can get at the same price point, style or size in eight different Cape and Islands neighborhoods. This week, listings for around $575,000.

335oakstharwich.jpg
[335 Oak Street, Harwich via Realtor.com]

Here now, eight Cape Cod properties asking around$575,000 – year-round, single families, a multi-family development opportunity, bulldozer bait, with a customnatural swimming pool, wicked woodsy, pond front, cove front, lakefront, all decked out, recently PriceChopped, move-in ready, and ready to rent – with a little something for everyone.

What $575K Buys on Cape Cod, Aug. 2015
EAST SANDWICH
Kicking off in Sandwich with an updated 4BR, 3BA Cape “on an acre-plus level lot with a custom natural swimming pond.” The cool pool and 3,196sf house first listed in March for $595K, but are now hoping for $575K.
34 GULLY LANE, EAST SANDWICH, MA 02537
WEBSITE
EAST FALMOUTH
“Situated on a bluff overlooking Coonamessett Pond, this large ranch enjoys nearly a full acre of privacy and stunning views.” The 3BR, 2BA features a 30′ screened porch and is located Lochstead, a gated community with a swimming pool, clay tennis courts, pond front beaches, and a Manor House.
207 COONAMESSETT CIRCLE, EAST FALMOUTH, MA 02536
WEBSITE
NEW SEABURY
“This darling little waterfront contemporary has great big views of Ockway Bay and access to Nantucket Sound.” The 3BR, 2BA with potential for a dock first listed back 2013 for $729K and is now finally in contract.
39 LITTLE NECK LANE, MASHPEE, MA 02649
WEBSITE
CUMMAQUID
This potential bulldozer bait, a 3BR Gambrel with a pool, sits on 2.06 acres overlooking Flax Pond. First listed in December 2014 for $499,900, an April priceupper brought the ask to $575,000.
101 RUE MICHELLE, BARNSTABLE, MA 02630
WEBSITE
HARWICH VILLAGE
Built in 1966, this 3BR, 1BA “pond front paradise” is now on the market for the first time. The .8 acre spread features 295 feet of exclusive waterfront, indigenous pines, oaks, “and a cushy sloping lawn of moss and native grasses.”
335 OAK STREET, HARWICH, MA 02645
WEBSITE
CHATHAM VILLAGE
“Set back off the road this home offers panoramic WATERVIEWS with ever changing natural setting including amazing birdlife and occasionally the graceful Lovers Lake Swans!” Beyond the swans, there’s also a 3BR, 2BA on .74 acres.
436 OLD QUEEN ANNE ROAD, CHATHAM, MA 02633
WEBSITE
WELLFLEET
In addition to a charming address, this 3BR, 2BA offers “fantastic views” of Drummer Cove. Best of all, “the Wellfleet Conservation Trust owns much of the land along the Cove for everlasting enjoyment of the views and there’s hiking along the water’s edge.”
30 2ND STREET, WELLFLEET, MA 02667
WEBSITE
TRURO
Finally, to a Truro development opportunity. “Current owners received Cons. Comm & BOH approval for five, two bedroom units on this property.” One unit could be year round and the rest seasonal.
587 Shore Road
WEBSITE

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$1M Median Prices In Boston Area Towns

Interesting story from Scott detailing the rise in median prices in metro Boston.

The 9 Boston area towns where median home price has hit $1M

 By Scott Van Voorhis

Boston.com Correspondent

The median price of a single-family home has shot past the $1 million mark in several cities and towns across the Boston area during the first half of 2015, the latest real estate stats show.

Nine communities, from urban Cambridge to bucolic Lincoln, have seen their median home prices hit seven figures as demand for brand-name location combines with a shortage of homes for sale to drive up values.

Concord saw one of the biggest gains, with the median home prices in the historic town hitting $1,050,000 after a 24 percent leap this June compared to the same month a year before, the Massachusetts Association of Realtors reports.

Median prices in Winchester and Newton both rose by more than 20 percent, hitting $1,090,000 and nearly $1.2 million, respectively.

Brookline had the highest median price of any community in the state, weighing in at $1.6 million, followed by Cambridge, Weston and Lincoln, all at $1.4 million, according to MAR.

Wellesley followed at $1.2 million and Belmont at an even $1 million, with Lexington just under the $1 million mark, down at $965,000.

Other cities and towns posted impressive gains as well.

Somerville saw single-family prices skyrocket in June by over 50 percent, to $855,000. Through the first six months of the year, Somerville prices weighed in at a still lofty $621,600, the real estate group reports.

Condo prices in Somerville rose 12 percent through the first half of the year, hitting $552,500.

Bedford saw home prices rise 20 percent, to $785,000 in June, according to MAR.

Overall, sales and prices were up markedly across the state in June, making it the best month since August 2005, back during the last real estate boom, noted Tim Warren, chief executive of real estate market tracker and publisher, The Warren Group.

“We are seeing the early results from a strong spring market,” Warren said in a press release. “It is a remarkable showing after a prolonged slump and a sluggish recovery extending over the past 10 years.”

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Provincetown Sale of The Month – 9 Creek Round Hill

9 Creek Round Hill, one of the most substantial properties in Provincetown closed this month. It is a 4 bedroom 4 bath home with 6,346 square feet and a lot size of 14,834 square feet. It sold for $2.5M with an asking price of $2.795M

 

9 Creek 1

 

 

 

 

 

 

 

MLS COPY: Breathtaking views, impeccable grounds & a care-free resort-like atmosphere captures the essence of this newly renovated Provincetown contemporary with a mid-century flair. This 6000+ SF home offers a rare retreat w/state of the art amenities. The 45 foot living, dining and gourmet kitchen area is dramatic with a wall of windows looking out to the gorgeous views of Cape Cod Bay, Wood End Light & the ocean. Everything is brand new: systems, windows, roof, exterior cedar shingles, landscaping, irrigation, security, pool, decking, generator & more. The master suite & guest suites upstairs take full advantage of the views, & both have decks & en-suite baths. An additional guest suite on the garden level enjoys its own entrance and living area. Plenty of recreation space, with a game room, screening room, and stunning salt water heated pool.

 

9 Creek 2

9 Creek 3

9 Creek 4

9 Creek 5

 

 

 

 

 

 

See all available properties at Beachfront-Realty.com. 

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The Goode And Farmer Report – July 2015

Q2 for blog post

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Sales Up!

The KCM (Keeping Current Matters) crew is great at visuals. This one represents the general national trend toward rising prices

Sales Up In Almost Every Price Range

by 

Sales Up In Almost Every Price Range | Keeping Current Matters
The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure.Only those homes priced under $100,000 showed a decline (-10.1%). The decline in this price range points to the lower inventory of distressed properties available for sale and speaks to the strength of the market.Every other category showed a minimum increase of at least 9%, with sales in the $250,000- $500,000 range up 21.2%!

Here is the breakdown:

Percent Change in Sales by Price Range | Keeping Current Matters

What does that mean to you if you are selling?

Houses are definitely selling. If your house has been on the market for any length of time and has not yet sold, perhaps it is time to sit with your agent and see if it is priced appropriately to compete in today’s market.

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Why Prices Will Stay High

Good post by Scott about the effects of continued scarce inventory.

 

images

 

 

 

 

 

 

Why home prices are likely to stay high

Boston.com Correspondent

Despite talk of the need for new housing, the number of building permits being issued across Massachusetts has yet to rebound to its pre-Great Recession peak.

Building permit slowdown

Developers took out just 1,051 building permits for single-family homes during the first three months of the year, U.S. Census Bureau stats show.

That represents a 16 percent drop from the same period in 2014 and a 65 percent drop from early 2006, when the real estate market was last in boom mode.

New apartment and condo construction is doing somewhat better. Developers took out permits for 2,370 new units, or roughly double the number of single-family homes, according to Census stats.

Yet the number of total housing units is still 33 percent below where it was back in the early months of 2006.

Tough regulations

And the shortage of listings on the market has been widely blamed for pushing up home and condo prices as demand exceeds supply.

“In theory, 2014 should have been better than 2013, but it wasn’t,” said Jeff Rhuda, director of business development at Symes, a home builder in the North Shore. “In theory, you have a recovering economy, but I think 2015 will end up below 2014.”

Tough regulations in towns and neighborhoods across the Boston area are one reason for the slow recovery in housing construction, especially as it relates to single-family homes, builders contend.

“It is going to get worse.” – Jeff Rhuda, director of business development at Symes

It is also especially hard to build new single-family homes within the Route 128 beltway, where the biotech and tech sectors are booming and demand for new homes is the strongest.

A dearth of developable land combined with local restrictions has resulted in a steady decline in home building in the communities closest to Boston.

In fact, teardowns are now the only source of new homes in upscale communities like Needham, Newton, Wellesley, and Weston.

And with no major game changer in the works in terms of efforts to force local communities to open their doors to more housing, the number of homes being built in the Boston area is likely to only continue to fall, Rhuda contends.

“It is going to get worse,” he said.