Attention For Sale By Owners
If you are trying to sell your home on Cape Cod yourself, and would like to advertise your FSBO listing on my Website www.OnTheCapeRealEstate.com, click here to contact me. Advertise your home for sale to nearly 2,000 monthly visitors interested in buying a home on Cape Cod today.
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Monday, July 30, 2007
Are You a "For Sale By Owner" on Cape Cod?
Real Estate Open Houses on Cape Cod
Newspapers Lose Battle for Real Estate Ads
Real estate advertising will become less prevalent in newspapers as it shifts to the Web, where online home buyers are actively searching for properties, analysts say.
Currently about 15 to 20 percent of real estate advertising is online, but Mike Simonton, media industry analyst for Fitch Ratings credit analysis service, says it is poised to go higher for a number of reasons.
Suzy Antal, director of marketing for Prudential Real Estate Affiliates, a unit of Prudential Financial Inc., said many Prudential practitioners have been pulling back on advertising during the current downturn, but as they return, they're shifting ad budgets to their own Web sites, creating blogs, and taking different approaches beyond newspapers.
"Is newspaper a high priority? No," Antal says. "I don't believe my buyers and sellers are going to be in that market."
Tim Fagan, president the real estate portion of Classified Ventures, which manages website for 125 newspapers, says it plans to "significantly increase" its investment in Homescape, a real estate-related Web site that provides home listings, but he declined to provide specific numbers.
It's wrong to assume that online advertising is cheaper than buying space in the paper, says Blanche Evans, editor of Realty Times, a online real estate news service. After all, online users expect extensive color photographs, lengthy descriptions, and even video tours —and all of those features can add up for a real estate practitioner.
Source: The Associated Press, Seth Sutel (07/27/2007)
Click here to check for updates to Cape Cod Real Estate.
Newspapers Lose Battle for Real Estate Ads
Real estate advertising will become less prevalent in newspapers as it shifts to the Web, where online home buyers are actively searching for properties, analysts say.
Currently about 15 to 20 percent of real estate advertising is online, but Mike Simonton, media industry analyst for Fitch Ratings credit analysis service, says it is poised to go higher for a number of reasons.
Suzy Antal, director of marketing for Prudential Real Estate Affiliates, a unit of Prudential Financial Inc., said many Prudential practitioners have been pulling back on advertising during the current downturn, but as they return, they're shifting ad budgets to their own Web sites, creating blogs, and taking different approaches beyond newspapers.
"Is newspaper a high priority? No," Antal says. "I don't believe my buyers and sellers are going to be in that market."
Tim Fagan, president the real estate portion of Classified Ventures, which manages website for 125 newspapers, says it plans to "significantly increase" its investment in Homescape, a real estate-related Web site that provides home listings, but he declined to provide specific numbers.
It's wrong to assume that online advertising is cheaper than buying space in the paper, says Blanche Evans, editor of Realty Times, a online real estate news service. After all, online users expect extensive color photographs, lengthy descriptions, and even video tours —and all of those features can add up for a real estate practitioner.
Source: The Associated Press, Seth Sutel (07/27/2007)
Click here to check for updates to Cape Cod Real Estate.
Saturday, July 14, 2007
Announcing the Winners of the Massachusetts Association of Realtors Website Design Contest
OnTheCapeRealEstate.com Honored by Massachusetts Association of Realtors
The Massachusetts Association of REALTORS® created a website design contest to foster healthy competition among members and enhance the way they think about marketing themselves on the Internet. This year’s contest was a resounding success with 120 entries from across the state. Three winning sites were chosen from each of the two categories. In addition to the winners, 7 Honorable Mention sites were chosen from each category. Look for the complete write-up on the contest and the winners in the September/October issue of Bay State REALTOR® Magazine. The winning websites will also be honored at the annual Professional Awards Reception on October 10, 2007.
I am honored to be recognized by the Massachusetts Association of Realtors as having my Cape Cod Real Estate website chosen as a winner in the individual Realtor category. Congratulations to all the winners and entrants. I believe it is our responsibility as REALTORS to harness this powerful marketing tool. Please visit the Massachussetts Association of Realtors website to view all the winners.
I thank the judges of this contest in recognizing my hard work. I also thank my fellow REALTORS of The Real Estate Company. We work together as a team as well as a family. Lastly I must thank Trisha Daly-Karlson, owner of The Real Estate Company.
Below is just a snippet of what the judges had to say...
OnTheCapeRealEstate.com
Company: The Real Estate Company
A wealth of resources are available for buyers and sellers through Raymond Hall’s website, OnTheCapeRealEstate.com. His site includes local information on Cape Cod events, community organizations and provides plenty of background for prospective buyers, while positioning Raymond as an expert on the local market. A real estate blog, linked from the site, provides an outlet for commentary and perspective on the market and related topics.
Click here to check for updates to Cape Cod Real Estate.
The Massachusetts Association of REALTORS® created a website design contest to foster healthy competition among members and enhance the way they think about marketing themselves on the Internet. This year’s contest was a resounding success with 120 entries from across the state. Three winning sites were chosen from each of the two categories. In addition to the winners, 7 Honorable Mention sites were chosen from each category. Look for the complete write-up on the contest and the winners in the September/October issue of Bay State REALTOR® Magazine. The winning websites will also be honored at the annual Professional Awards Reception on October 10, 2007.
I am honored to be recognized by the Massachusetts Association of Realtors as having my Cape Cod Real Estate website chosen as a winner in the individual Realtor category. Congratulations to all the winners and entrants. I believe it is our responsibility as REALTORS to harness this powerful marketing tool. Please visit the Massachussetts Association of Realtors website to view all the winners.
I thank the judges of this contest in recognizing my hard work. I also thank my fellow REALTORS of The Real Estate Company. We work together as a team as well as a family. Lastly I must thank Trisha Daly-Karlson, owner of The Real Estate Company.
Below is just a snippet of what the judges had to say...
OnTheCapeRealEstate.com
Company: The Real Estate Company
A wealth of resources are available for buyers and sellers through Raymond Hall’s website, OnTheCapeRealEstate.com. His site includes local information on Cape Cod events, community organizations and provides plenty of background for prospective buyers, while positioning Raymond as an expert on the local market. A real estate blog, linked from the site, provides an outlet for commentary and perspective on the market and related topics.
Click here to check for updates to Cape Cod Real Estate.
Thursday, July 5, 2007
HGTV VISITS HARWICH!
Real Estate Open Houses on Cape Cod
HGTV VISITS HARWICH!
Chosen to be featured on HGTV's National Open House,this historic home in Harwich, built in 1780, will inspire your antique home restoration project.
May Single-Family Home Prices Remain Strong Despite Drop in Sales Volume
The Massachusetts Association of REALTORS® (MAR) reported today that sales of single-family homes was down 7.5 percent compared to the same time last year. However, despite the drop in sales volume, prices continue to remain strong and inventory continues to go down from year ago levels. The number of condominium sales remains virtually unchanged from the same time last year with prices going up, inventory decreasing, and supply at its lowest levels since August 2005.
“While tighter lending standards and reduced mortgage options for some prospective buyers this year may have had an impact on the market, stable prices and declining supply indicate there is still a steady demand,” said MAR President Doug Azarian, broker/owner of Century21 Dream Homes in Falmouth. “In fact, May is the fifth straight month that residential supply levels have gone down. We can speculate that demand will continue to go up during the second half of the year.”
There were 3,884 detached single-family homes sold this May, a 7.5 percent decrease from the 4,200 homes sold the same time last year. On a month-to-month basis there was an increase of 16.7 percent compared 3,328 homes sold in April 2007.
The median selling price of a single-family home this May was $355,000, a slight 0.7 percent increase compared to $352,700 in May 2006. Compared to April of 2007, median selling prices were up 2.9 percent.
The condominium market is strong, with a 0.2 percent increase in the number of units sold compared to the same time last year (2,169 units sold in 2006 to 2,173 units sold in 2007). On a month-to-month basis, sales volume was up 24 percent compared to 1,753 units sold in April 2007.
Median selling prices of condominiums went up 1.4 percent in May 2007 compared to the same time last year ($286,000 in 2006 to $290,000 in 2007). Compared to April 2007, the median selling price went up 5.6 percent from $274,650.
The inventory of residential properties (detached single-family homes and condos) on the market as of May 30, 2007 decreased 21% percent compared to the same time last year (from 68,574 listings in 2006 to 53,913 listings in 2007). At the current sales pace, this represents approximately 8.9 months of supply, a decrease from 10.8 months of supply in May 2006. On a month-to-month basis, the average months of supply edged down from 10 months in April 2007.
The inventory of single-family homes fell 20% from May 2006 levels (46,019 listings in 2006 to 36,875 listings in 2007) which translates into 9.5 months of supply in May 2007. This is down from 11 months of supply the same time last year and down from 10.3 months of supply in April 2007.
The condominium market experienced an even greater drop, as inventory fell 24 percent from 22,555 listings in 2006 to 17,056 listings in 2007. This translates into 7.8 months of supply, a decrease from 10.4 months in May 2006. In fact, this is the lowest level since August 2005 when supply was at 6.3 months. It is considered a balanced market when there is between 7.5 and 8.5 months of available housing supply.
Detached single-family homes stayed on the market an average of 139 days in May 2007 compared to an average of 121 days in May 2006, while condos stayed on the market an average of 134 days compared to 120 days in May 2006.
Click here to check for updates to Cape Cod Real Estate.
HGTV VISITS HARWICH!
Chosen to be featured on HGTV's National Open House,this historic home in Harwich, built in 1780, will inspire your antique home restoration project.
May Single-Family Home Prices Remain Strong Despite Drop in Sales Volume
The Massachusetts Association of REALTORS® (MAR) reported today that sales of single-family homes was down 7.5 percent compared to the same time last year. However, despite the drop in sales volume, prices continue to remain strong and inventory continues to go down from year ago levels. The number of condominium sales remains virtually unchanged from the same time last year with prices going up, inventory decreasing, and supply at its lowest levels since August 2005.
“While tighter lending standards and reduced mortgage options for some prospective buyers this year may have had an impact on the market, stable prices and declining supply indicate there is still a steady demand,” said MAR President Doug Azarian, broker/owner of Century21 Dream Homes in Falmouth. “In fact, May is the fifth straight month that residential supply levels have gone down. We can speculate that demand will continue to go up during the second half of the year.”
There were 3,884 detached single-family homes sold this May, a 7.5 percent decrease from the 4,200 homes sold the same time last year. On a month-to-month basis there was an increase of 16.7 percent compared 3,328 homes sold in April 2007.
The median selling price of a single-family home this May was $355,000, a slight 0.7 percent increase compared to $352,700 in May 2006. Compared to April of 2007, median selling prices were up 2.9 percent.
The condominium market is strong, with a 0.2 percent increase in the number of units sold compared to the same time last year (2,169 units sold in 2006 to 2,173 units sold in 2007). On a month-to-month basis, sales volume was up 24 percent compared to 1,753 units sold in April 2007.
Median selling prices of condominiums went up 1.4 percent in May 2007 compared to the same time last year ($286,000 in 2006 to $290,000 in 2007). Compared to April 2007, the median selling price went up 5.6 percent from $274,650.
The inventory of residential properties (detached single-family homes and condos) on the market as of May 30, 2007 decreased 21% percent compared to the same time last year (from 68,574 listings in 2006 to 53,913 listings in 2007). At the current sales pace, this represents approximately 8.9 months of supply, a decrease from 10.8 months of supply in May 2006. On a month-to-month basis, the average months of supply edged down from 10 months in April 2007.
The inventory of single-family homes fell 20% from May 2006 levels (46,019 listings in 2006 to 36,875 listings in 2007) which translates into 9.5 months of supply in May 2007. This is down from 11 months of supply the same time last year and down from 10.3 months of supply in April 2007.
The condominium market experienced an even greater drop, as inventory fell 24 percent from 22,555 listings in 2006 to 17,056 listings in 2007. This translates into 7.8 months of supply, a decrease from 10.4 months in May 2006. In fact, this is the lowest level since August 2005 when supply was at 6.3 months. It is considered a balanced market when there is between 7.5 and 8.5 months of available housing supply.
Detached single-family homes stayed on the market an average of 139 days in May 2007 compared to an average of 121 days in May 2006, while condos stayed on the market an average of 134 days compared to 120 days in May 2006.
Click here to check for updates to Cape Cod Real Estate.
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