A traditionally diverse housing market is becoming even more distinct as inventory shortages and rising prices for homes below half a million dollars continues to dominate the overall view of the Cape Cod housing market. When dividing the Barnstable County real estate market into segments, there is only 2.4 months of available homes for sale [...]
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CCIAOR has seen an uptick in members contacting us with questions regarding the proper disclosure of brokerage affiliation on social media. We have assembled some of they key points around disclosures on social media. If you have further questions, please don’t hesitate to reach out and ask. Why You Need to Disclose on Social [...]
Late fall, the CCIAOR Board of Directors passed a new strategic plan for 2018 through 2020. We have spent the first couple of months of this year refining that plan and creating a business plan to actually implement the goals and initiatives that we identified during the strategic planning process. The Board of Directors worked [...]
Cape Cod Real Estate Market Update: Total number of sales decrease, prices continue to rise as inventory tightening continuesCCIAOR-News 2018-02-19T21:14:52+00:00
According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 312 homes sold in January, 253 single-family homes and 59 condominiums. Median sales price was $410,000 for single-family homes and $245,000 for condominiums. Last January, 340 homes (279 single-family homes and 61 condos) sold at a median price [...]
The CCIAOR Legislative Breakfast was a packed house last Friday. The discussion and engagement between area legislators and REALTORS® was lively and showed how REALTORS® have continued work to do in their advocacy of homeownership and property rights issues for Cape Cod, Nantucket and Martha’s Vineyard. Almost everyone from the legislative delegation attended. Senators Julian Cyr and [...]
LEGAL HOTLINE: Understanding the Laws Regarding Interest Bearing Escrow Accounts for Deposits to Purchase Security deposits for rentals have to be held in an interest bearing account. Does it also hold true for deposits on a purchase? Answer: No. There is no obligation for an escrow agent to hold deposit funds for a purchase in [...]
CCIAOR President Martha Knapp A new year is a time for beginnings, hope, and reflection. I have found all three of these to be equally important. As I enter into my year of serving as President, I look forward to working with our leadership and membership to implement key initiatives, and continue to [...]
WEST YARMOUTH, MA—(January 17, 2018) According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 423 homes sold in December, 353 single-family homes and 70 condominiums. Median sales price was $424,000 for single-family homes and $310,000 for condominiums. Last December, 474 homes (386 single-family homes and 88 condos) [...]
The offering of rebates to clients at the close of a transaction has become more common as a marketing strategy in some business models, especially in extremely competitive markets. However, doing so, raises legal and ethical limitations that REALTORS® should be aware of when offering rebates. Answer: Although it is both legal and ethical for [...]
If you have provided us with a signed copy of the original Participant Agreement, you should have received an emailed amendment. No action needs to be taken; however, should you not agree with the amendments you must discontinue using CCIMLS services within 30 days of notice. Designated REALTORS® (DRs) who have not signed the Participant [...]