Monday, November 19, 2007

Welcome to our new endeavor!

Today with a little help from Ray Hall, we established the First of the Real Estate Company's Blogs. This will be tied to our Cape Cod Homefinder website and will be available for all of you to post things on.

We are also going to be starting other blogs such as the Eastham Vacation Blog? Or the Chatham Village Blog. We need some ideas for names and will need agents to take the reins and make these happen and current.

You can now add your comments to this blog and I hope you all will. Thanks in advance. Trisha


Gary Kersteen said...

I just wanted to be the first to acknowledge this blog.
How about someone characterizing the market on Cape Cod.

Carolyn Otis said...

This is a great idea and sure to be a successful way to further address our technologically savvy customers base. I like Gary's idea about characterizing the market. Its important for people to understand that this market is not like any other and doesnt follow the same trends as other markets. Thanks Trisha.

John E. Otis said...

One way to get started with a charactization of the Cape Cod market may be to start with a list of statistics concerning the lower cape towns. Show unit sales 2006 vs 2007 by town and type, show average sale prices, days on market etc. This could be a monthly updated sheet.

John Scott said...

From John Scott, Realtor, ABR
The Real Estate Company at Sylvan

Here on Cape Cod, in Chatham, MA, while the price of entry may be high (median asking price of about 170 homes is about $850,000), Chatham's property taxes ($3.67 per $1,000 of assessed value) are the lowest on Cape Cod. Now, in addition to all of the other attractions you have come to know, our Community Center is open just outside the downtown area. With some 170 homes in Chatham alone to choose from, mortgage rates at/below 6%, 2008 might be your year.

Based on information in the Cape & Islands Multiple Listing Service (CCI MLS), here is a quick comparison between 2006 and 2007 for single family homes sold in 2007:
Number sold: 163 (versus 162 last year). There are 26 homes pending sale.
Median selling price: $725,000 (versus just under $710,000 last year)
Price range of homes sold: $230,000 to $4.6 million (versus $275,000 to $5.5 million last year)

web site: