Monday, January 14, 2008

Chatham, Cape Cod - Homes (1/2/08)

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)

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