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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 [...]

REALTORS® Sounding Alarm Bells as NFIP Set to Expire in Less Than 6 Months

2017-05-05T20:26:38+00:00

On September 30, just six months from today, the National Flood Insurance Program will expire. The National Association of Realtors® is working closely with federal regulators and members of Congress to strengthen the program and clear the way for a private market to take hold; NAR has also issued a series of principles to improve [...]

February Housing Report: Median Price Rises; Inventory Falls

2017-05-05T20:26:38+00:00

WEST YARMOUTH, MA—(March 21, 2017) According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 233 homes sold in February; 194 single-family homes and 39 condominiums. Median sales price was $373,500 for single-family homes and $240,000 for condominiums. Last February, 260 homes (210 single- family homes and 50 [...]

REALTORS® Push HUD to Move Forward With FHA MIP Rate Cut

2017-05-05T20:26:39+00:00

The U.S. Department of Housing and Urban Development announced Jan. 20 that it was suspending indefinitely the FHA premium rate cut that had been expected to take effect on Jan. 27. HUD had announced the reduction Jan. 9, saying continuing strength in FHA’s reserve fund (the Mutual Mortgage Insurance Fund) warranted the move. NAR estimated [...]

Pot legalization to impact landlord-tenant relations, disclosures

2017-05-05T20:26:39+00:00

On November 8th 2016 Ballot Question #4, which will allow for the recreational use of marijuana, was passed by Massachusetts voters in a fairly wide margin of 54% to 46%. Under the new law, the use of marijuana for recreational purposes will be legal starting on December 15, 2016. However, the sale of the drug [...]

New smoke detector regulations start December 1st

2017-05-05T20:26:39+00:00

New regulations going into effect December 1st will affect what you have to do to pass a pre-transfer inspection. When replacing a battery when the battery is either expired or non-working of a single or multi-family home built prior to 1975 that battery must be a 10-year sealed battery. Fire departments will be checking for [...]

Freddie & Fannie loan limits rise in Barnstable, Dukes & Nantucket counties

2017-05-05T20:26:43+00:00

The Federal Housing Finance Agency (FHFA) today announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017 will increase.  In Barnstable County, ithe maximum 1-unit loan limit follow the rest of country and rises from $417,000 to $424,100. Dukes and Nantucket counties will continue to be treated [...]

Support Housing on Cape Cod: Welcome Home Gift Basket Drive

2017-05-05T20:26:43+00:00

The Cape Cod & Islands Association of REALTORS® (CCIAOR) is teaming up once again with the Housing Assistance Corporation of Cape Cod (HAC) to create a wonderful holiday giving and donation opportunity. Items collected from this month-long drive will be placed into gift baskets by the CCIAOR Young Professionals Network (YPN) and given to HAC [...]

JULY HOUSING REPORT: Closed sales down, pending sales up; Inventory remains low

2017-05-05T20:26:43+00:00

According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 433 homes sold in July, 348 single-family homes and 85 condominiums. Median sales price was $376,000 for single-family homes and $300,000 for condominiums. Last July, 504 homes (397 single- family homes and 107 condos) sold at a median [...]