OPEN HOUSES in CHATHAM, CAPE COD

Spring is nearly here! Daffodils are popping through...Spring on Cape Cod...promising to be one of the most beautiful in years!

Cape Cod Real Estate Updates: Please join me for a day filled with open houses this coming weekend, March 8th & 9th. The first is a new home in Chatham's Kendrick Village built by Eastward Companies . This home's back yard offers a delightful Cape Cod setting as it overlooks a working Cranberry Bog. Home is just a short stroll to Chatham's quaint seaside village. Exceptional craftsmanship in this 3 bedroom 2 1/2 bath farmhouse. Bonus room over the garage and loft on the second floor for all your extra company. Over 3,000 s.f. of living space with expert attention paid to every detail! The second new Chatham home for sale is Nearly Complete! Eastward Companies presents another exquisite work in progress. This Kendrick Village development overlooks a working cranberry bog and is only a short stroll to Chatham's quaint seaside village. Please call us for a detailed explanation of all this home will offer. When completed there will be over 3,000 square feet of living space with expert attention paid to every little detail. 3 bedrooms, 3.5 bathrooms and a bonus room over the garage.

Property prices down, sales volume up, buyers are making their move

Real estate prices continued to drop in February, but Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in February 2008 was up 12.6% from February 2007 volume and the total value of sales was up 17.6% from the previous year. The median individual property sale value was down 3.3% from the previous year. There was a 1.2% decrease in the volume of mortgage activity from February 2007 levels.

Year to Date:
Volume of Sales is up 0.5%;
Total Value of Sales is up 25.7%;
Individual Sales Value is down 7.1%;
Mortgage Volume is down 17.6%.

Register Meade reports that there were 410 deeds recorded at the Barnstable Registry of Deeds in February 2008 with stated sales values above $50,000.00 representing a stated value of $201,343,729.00 in county-wide real estate sales. Based on all property sales valued above $50,000.00, the median sale price of property in Barnstable County in January was $327,500.00.

There were 1,470 mortgages recorded with values above $50,000.00 in Jan uary with a total value of $512,279,287.00. The median mortgage amount, commercial, residential or other, was $250,000.00.

By way of comparison, in February 2007, there were 364 deeds recorded at the Barnstable Registry of Deeds with stated sales values above $50,000.00 representing a stated value of $171,231,276.00 in county-wide real estate sales.

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