Tuesday, October 28, 2008

Cape's Single-Family Homes Sales Rise by Laurie Novak

This is an article from the Cape Cod Times on 'October 28, 2008'. All for your info.
By Cape Cod Times
October 28, 2008
Home sales on the Cape mirrored trends seen across Massachusetts and nationwide in September, showing a jump in volume and a continued decline in median price.
Numbers released yesterday by The Warren Group showed a 17.98 percent increase in the number of single-family sales in Barnstable County, at 315 compared with 267 in September 2007.
The median price slipped 20.69 percent year-to-year, from $435,000 to $345,000.
Dukes and Nantucket counties showed a drop in single-family home sales volume.
Vineyard sales declined from 28 in September 2007 to 14 last month, and the median price fell from $997,500 to $512,500.
On Nantucket, sales dropped from 26 to 17, but the median price showed a slight rise from $1.86 million to $1.9 million.
Nationally, an unexpected 2.7 percent increase in year-over-year home sales for September, to 464,000, helped keep markets buoyant for much of the day yesterday, despite a 9.1 percent drop in median price in the same time frame.
Statewide, single-family home sales volume increased 5 percent from September to September, while median price dropped 13.2 percent, according to numbers released yesterday by the Massachusetts Association of Realtors.
The Cape's condo market showed a small increase in the number of September sales, from 83 a year ago to 89, but the median price fell from $344,400 to $240,000.
Statewide, the condominium market was down 9.6 percent, from 1,808 in September 2007 to 1,634 last month, The Warren Group reported. Using a different methodology, the Realtors group showed a decline of 11.5 percent in condo sales year-over-year for September.

Monday, October 27, 2008

Chatham Woman’s Club “Scenes of Chatham” Quilt Raffle

The Chatham Woman’s Club is selling raffle tickets for a handmade quilt named Scenes of Chatham. The proceeds of the raffle will benefit local charities and scholarships for local young people.

Twenty five members of the club, led by Clara Slockbower, volunteered to create this lovely quilt. It is truly a work of art. Work on the quilt began in August 2006 and was completed in May 2008. The queen-size quilt is divided into 24 squares, each depicting a different scene around Chatham. The scenes include Sailboats on Pleasant Bay and Stage Harbor, the Band Shell, Chatham Light, Seals at Lighthouse Beach and the Windmill on Shore Road.

Each quilter was encouraged to provide her own interest and talent to each particular square.

The making of this quilt provided a sense of community, friendship and happiness within each square.

In addition to purchasing raffle tickets at $3 per ticket or $10 for 4 tickets for the quilt, note cards of the quilt will be available for sale for $10 per set. Tickets are available at East Wind Silver Company, Island Pursuits, Oasis Hair Salon and Day Spa and Puritan or by calling Rose Marie McLoughlin at 508-945-5965.

Last chance to purchase tickets is November 12th.
The drawing will be held on November 13th, 2008 – the winner need not be present to win.

Mary Higgins, Volunteer
The Real Estate Co. at Sylvan

Thursday, October 23, 2008

Our REALTOR® History & Future by Peggy Crampton

In May 1908, 120 men gathered in Chicago with the goal to "unite the real estate men of America." Their goal was to professionalize their industry and represent the interests of real estate brokers and owners nationally. What emerged from that meeting in 1908 was the National Association of Real Estate Exchanges, which thrives on 100 years later as the National Association of REALTORS® . The NAR Centennial Video celebrates REALTORS®' past accomplishments and looks forward to the next century of organized real estate.
Please click this link and watch this film from the National Association of REALTORS®, though it is 15:17 minutes in length, its worth the time, and easy to send it to others from the video.

Wednesday, October 8, 2008


The Holly Berry Bazaar will be held this year on Saturday, November 8th, from 9am – 2pm at the Nauset Middle School on Route 28 in Orleans. This “legendary” fundraiser is held every two years and proceeds benefit the Cape Cod Hospital Cardiac Care Center. This “not to be missed” bazaar is presented by the Cape Cod Hospital Auxiliary.

The Cape Cod Hospital Auxiliary is 65 years old and has 700 members. Currently there are four branches: Barnstable, Chatham, Orleans, and Yarmouth Port. The Thrift Shop and Hospital Gift Shop are parts of the Auxiliary. Members are hard working, dedicated volunteers. The camaraderie among the group is unsurpassed. There is no reward greater than one’s own satisfaction.

Call the Cape Cod Hospital Volunteers Office at 508-862-5259 for information on becoming part of the Auxiliary.

The Holly Berry Bazaar this year will feature Wood Crafts, Jams and Jellies, Knitting and Sewing items, Nature’s Arrangements, Santa’s Workshop, Cape Kitchens, Attic Treasures, Candies and Sweets, Cheese and Fruit, Herbs and Vinegars, Jewelry and Scarves, Hot Dogs and Cool Cats, and a Silent Auction. The Cape Cod Hospital Auxiliary suggests that you “Wrap up your holiday shopping in a heartbeat!”

Submitted by Laura Haddad, Realtor
The Real Estate Company, Orleans, Cape Cod

Wednesday, October 1, 2008

Mixing Business with Pleasure

Yes, I know the economy is in a state of flux, but buyers are clever and are recognizing the rare opportunity this situation brings. People who never thought they’d be able to manage a home on Cape Cod are discovering they can now. Market inventories are high, interest rates are good for those with good credit, and prices are at or below assessed value, in many instances.

Currently this Dixon Duo has four properties scheduled to close between late October and early November. In each case, the selling price is ten to eighteen percent below the assessed value of the property. These buyers know that, when times are better the value of their investment will increase, and in the meantime, they will be enjoying their new purchase. Some will profit from renting during the high season and yet have the luxury of escaping from the “madding crowd” the rest of the year.

Recently a couple from the UK came into the office and announced that they had traveled extensively but never visited a place where the people were so charming and the place so beautiful that they really wanted to own a home there… until now. There is something very special about our lovely corner of the world, but it’s always nice to have others discover that too. This couple from Scotland found a home that they are so enchanted with they took a detour on a flight over to Nantucket, so they could photograph the house from the air. You can just imagine how delighted they were when they came upon its picture in a book of Chatham’s history.

Now, you may say, “It’s easy for Europeans to purchase American property because the Euro and the pound are in better shape than our dollar.” That may be so, but historically real estate rebounds from a down economy, and in the meantime, it’s quite literally a solid investment, not a fragile piece of paper. There’s quite a flurry of activity here this fall, and the majority of the buyers are American. For most of Middle America, the bulk of their wealth is in their real estate. When they go to sell, if they have owned it for several years, they usually realize a nice profit. Here on Cape Cod, I guess you could say buyers are “mixing business with pleasure.”

By Elaine Dixon