Cape Cod Market Update: Median Sale Price Rises Again; Pending Sales Dip

2017-10-17T02:13:27+00:00

WEST YARMOUTH, MA—(October 16, 2017) According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 467 homes sold in September, 356 single-family homes and 111 condominiums. Median sales price was $425,000 for single-family homes and $286,500 for condominiums. Last September, 514 homes (406 single-family homes and 108 condos) [...]

LOCAL NEWS: Barnstable Offers Home Loans to Stabilize Neighborhoods

2017-10-10T17:15:29+00:00

The town of Barnstable launched the Hyannis Homebuyer Assistance Program late last week, taking action to stabilize neighborhoods by helping low and moderate income homebuyers. The program consists of  interest-free loans of up to $75,000 each. These loans are available for qualified applicants to purchase a home in the village of Hyannis. The first phase of the program [...]

Legal Hotline: My Client Doesn’t Know If Permits Were Pulled for Their Basement

2017-09-26T14:27:33+00:00

It can be a difficult situation if you are dealing with a seller or potential seller who is unsure if the permits for finishing their basement were obtained. Here are the basics of the legal and ethical considerations REALTORS should consider when advising their seller and your requirements for disclosure: The State Building Code requires [...]

Student Debt Delaying Millennial Homeownership by 7 Years

2017-09-19T15:55:20+00:00

WASHINGTON (September 18, 2017) – Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying. This is according to a new [...]

Inventory Stays Low, Median Sales Price Increases – August 2017 Cape Cod Real Estate Statistics

2017-09-14T13:56:38+00:00

WEST YARMOUTH, MA—(September 14, 2017) According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 482 homes sold in August; 367 single-family homes and 115 condominiums. Median sales price was $396,000 for single-family homes and $267,500 for condominiums. Last August, 474 homes (382 single-family homes and 92 condos) [...]

The Impact of Federal Tax Reform on Massachusetts Homeowners

2017-08-17T18:44:13+00:00

The Impact of Federal Tax Reform on Massachusetts Homeowners As Congress starts the debate on tax reform, it is important they not make changes to the mortgage interest deduction or the real estate property tax deduction as this will affect nearly every homeowner and, ultimately, raise taxes on many homeowners throughout Massachusetts. Of the approximately [...]

Homeowners win through REALTOR® advocacy in state budget

2017-07-07T15:48:40+00:00

In the budget the Massachusetts legislature will take up today, there were two major wins for homeowners advocated for by REALTORS®. Neither a tax on short-term rentals nor an increase in the deed stamp (real estate transfer tax) were included in the final budget proposal as both were in budgets passed by one of the [...]

Cape Cod Times Rebuttal: Homeowners are not tax collectors

2017-05-26T18:14:44+00:00

You may have seen an article in the Cape Cod Times over the weekend that says how 'Cape leaders look to tap rental tax for wastewater projects'; The article glosses over an important issue - for the wastewater tax to be effective, it would require an expansion of the rental occupancy tax to start [...]

March 2017 Cape Cod Real Estate Market Report: Median Sale Price Rises Again

2017-05-05T20:26:37+00:00

According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 393 homes sold in March; 324 single-family homes and 69 condominiums. Median sales price was $378,000 for single-family homes and $230,000 for condominiums. Last March, 368 homes (291 single- family homes and 77 condos) sold at a median [...]

Falmouth Town Meeting Passes New Accessory Dwelling Bylaw

2017-04-04T20:03:40+00:00

Falmouth Town Meeting voters overwhelmingly approved a new Accessory Dwelling Unit bylaw that gives the ability to build attached units by right, with design review, without income or familial restrictions.  Below is more about the Falmouth Accessory Dwelling bylaw and the need for the bylaw. The Problem: The Cape Cod Young Professionals ‘Shape the Cape’ study [...]