A spectacular end to a spectacular day, 4/27/16, on beautiful Cape Cod!
Thanks to You!
A couple of weeks ago, I was captive at a seven-hour brokers’ meeting at Cape Cod and Islands Association of Realtors. Not being accustomed to sitting still for so long, by hour five my attention began to wander.
I know I’ve been really busy the last six months (and the market is really strong), so I became curious if it was just my business or everyone’s that was so strong.
I took advantage of a restroom break and went into the MLS office to check out the stats. To my surprise and delight, I discovered that I am the #1 agent in Falmouth for closed transactions! I’m thrilled, and profoundly appreciative that enough of you wanted to work with me to make this happen.
From the bottom of my heart, thank you so very much. This honor won’t last long, but my commitment to my clients and killer work ethic are forever! Please stay in touch and think of me when you or your friends need a great agent. As you who have worked with me know, my standards are high and I get the job done.
I thank you again with appreciation and humility.
Now read on to see what I’ve been up to lately:
Some people swear by the information in market reports. I usually don’t. I think they are a useful indicator of what’s going on, but a nice house in a good location at a fair price is always going to sell. However, the current market is nuts! Here are February statistics:
Pending sales for Falmouth single family properties in February 2016 were up 144.4% over February 2015! At the same time, the inventory of homes for sale went down 24.2%. The conclusion is obvious: We are in what is probably the strongest Sellers’ market in a very long time. This is great for Sellers but very difficult for Buyers as you can well imagine. In addition, it takes only a few weeks of a Sellers’ market before prices start climbing.
Buyers need to be well-prepared with an iron-clad pre-qualification letter; a flexible schedule to see appropriate new listings as soon as they hit the market; and the ability to make a quick decision and the fortitude to stick with it through the ups and downs of the first few weeks of an accepted offer. People who lack even one of these probably won’t get a house in this market. Then prices will go up, and they’ve missed an opportunity.
On the other hand, if you’re a Seller, your timing couldn’t be better. Call me! My listings are selling quickly, at or very close to full price, and often with multiple offers.
Hot New FFP Listing!
Consistent with the market, this one came and went in one day. I met the Sellers when I listed a home across the pond last summer and we’d been talking since about listing their home. It’s a sweet house in a very sweet spot! On the west side of Siders Pond, the frontage is special for kayaking, sailing your Sunfish and yes, even swimming – not to mention lollygagging in the hammock watching the sun sparkle off the wavelets.
The location is coveted, with Main Street an easy walk in one direction, the bike path practically at the end of the street, and Surf Drive Beach just down the road.
The house is vintage 1945, with both the charm and the challenges that go with that. I worried that Buyers would complain about the steam heat, the original kitchen and baths, or the lack of central air, but fortunately the few people who saw the house loved everything about it. One family personified the buyer qualities mentioned previously: they came, they saw, and they conquered. In other words – they were the first appointment, they made an immediate full price offer, and their paperwork was pristine. At the end of April, they will be the appreciative new owners of 4 Pond Road.
Come With Me to Work, Part 2
Narragansett is a comfortable home in great condition. Half a mile to Bristol Beach and with Little Pond just a few houses away, the house has everything good going for it – including a new sewer next year!
#21510895
131 Alcott Road, East Falmouth
$429,000
#21511091
132 Sanddollar Circle, East Falmouth
$489,900
Come With Me to Work, Part 1
Friends of mine from college called me last week to talk about purchasing an investment property. Their reasoning was because returns are so skimpy in the stock market, that they’d have more upside potential from a rental home.
I selected homes that are in desirable locations for tenants and that also have renovation potential. We had a good lunch, strapped on our running shoes, and looked at six properties. These houses all had possibilities:
#21509495
75 Lakeview Ave, Falmouth
$439,900
Evangeline Road is in a prime Quissett location for Woods Hole scientists, and the house is in the woods with lots of privacy. It’s not been updated, but academics seem to care less about that than other tenants. A big plus is the quick bike ride to the private and gorgeous MBL Beach access.
#21600113
43 Cachalot Lane, Falmouth
$499,000
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