Falmouth Colors: Winter Irony, 2/11/15
Winter’s Impact on Real Estate
This is certainly turning out to be a challenging winter. It started off with almost no snow at all, but the last couple of weeks – wow, we’re breaking records!
Here are some great photos from Cape Cod Wave during the Juno blizzard.
Interestingly (or at least to me), the inventory of homes for sale in Falmouth is down by about 25% from where it’s been for the last several YEARS. I’m seeing homes that have been on the market for several months go under agreement. I’m guessing that buyers who saw homes in the fall and early winter are using snow-related time at home to negotiate on homes that they’d already seen.
A lot of new homes are not coming on the market, and this probably is weather-related. If the tension between significantly fewer homes available for sale and sparse new inventory continues, there’s only one result: prices go up. Time will tell. For right now, it’s still a good time for buyers.
Cape Cod Dreams, Part 1
Falmouth Realtors rock! How cool is this: we agents have added another weekly tour of homes priced at $1,000,000 and up.
We meet in the Staples parking lot at 8:45 on Thursday. Since the new tour is by price, we go all over scouting out the new listings, unlike the weekly MLS tour which is organized by neighborhood with one section of town per week.
It remains to be seen if there will be enough new inventory over $1,000,000 to sustain this tour, but for now, it’s a lot of fun and very useful.
For your real estate fix of the week, here are some of these “dream homes” (as always, click on the address or photo for more details):
#21408231
$999,000
Falmouth Colors: At The Queen’s Buyway, 8:30 am, 2/10/15
What the photo doesn’t show is the dump truck behind the plow, hauling away load after load.