New England Properties

Falmouth MA Real Estate Trends From 2010 to 2011

Here are some Falmouth MA real estate trends. Real estate professionals are the source for the information you find elsewhere, but their info is usually not as good, as complete, or as current as ours is.  As real estate professionals,we are able to organize the market data in ways that you may not find from other places.

Here are three reports that show trends in Falmouth MA real estate. The first shows units For Sale, New Listings, Sold and Pending. For buyers and sellers, notice that the inventory numbers to decide if you think the market is improving or not. The second shows that the months of inventory available in the Falmouth real estate market. The third report shows that price trends.  These reports should be helpful in making buying and selling decisions.

 

 

Date 10/10 11/10 12/10 1/11 2/11 3/11 4/11 5/11 6/11 7/11 8/11 9/11 10/11 11/11 12/11
For Sale 414 364 322 307 327 383 450 479 470 483 468 470 434 390 352
New Listing 57 35 27 49 77 109 124 80 76 69 64 72 55 44 35
Sold 34 29 36 22 19 38 29 40 38 27 40 35 30 32 32
Pended 23 31 22 27 39 29 37 38 36 34 37 30 44 38 24

 

 

Date 10/10 11/10 12/10 1/11 2/11 3/11 4/11 5/11 6/11 7/11 8/11 9/11 10/11 11/11 12/11
Months of Inventory based on Closed Sales 12.2 12.6 8.9 14 17.2 10.1 15.5 12 12.4 17.9 11.7 13.4 14.5 12.2 11
Months of Inventory based on Pended Sales 18 11.7 14.6 11.4 8.4 13.2 12.2 12.6 13.1 14.2 12.6 15.7 9.9 10.3 14.7

 

 

Date 10/10 11/10 12/10 1/11 2/11 3/11 4/11 5/11 6/11 7/11 8/11 9/11 10/11 11/11 12/11
Avg. Active Price 740 748 772 793 769 778 750 747 754 734 742 765 738 762 798
Avg. Sld Price 553 400 480 464 544 474 447 416 467 486 468 368 389 538 435
Avg. Sq. Ft. Price 294 227 263 254 275 229 235 241 246 234 232 223 239 281 244

 

*Reports are published Jan. 2012, based on data available at the end of Dec. 2011 and based on data in the Cape Cod and Islands MLS. The data may or may not be accurate. This information is deemed reliable but not guaranteed and therefore readers are encouraged to verify with their own real estate professional.

Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613  Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup  Skype: heath.coker

REindex.com, The Site Engine®
508-274-5613  reindex@reindex.com
See our 2 Minute YouTube www.REindex.com/WhatIsREindex.html
@RealEstateIndex

James Heath Coker | Create Your Badge

0 comments • Falmouth MA Cape Cod Heath Coker • January 13 2012 11:32AM

Top 10 Reasons to Buy a Home - Now

These are 10 simple reasons to buy a home. They are 10 informed reasons to buy a home. They are 10 logical reasons to buy a home. And this list is approved by a veteran loan originator who knows how to get a loan closed in this restricted environment. I have been at more than one closing that Addie Drolette has patiently and competently helped occur.

  • It Builds Equity - Home ownership builds equity for future uses such as college expenses, home-additions, retirement, etc.
  • Available Financial Assistance - There are many programs that help a buyer not only with the financing but also with the down-payment. Sovereign Bank has access to many of these programs.
  • It's a Buyer's Market - Today we are in a buyer's market with plenty of homes to choose from. No need for a buyer to settle for anything less than the house of their dreams.
  • Deduct Property Taxes - Real estate property taxes paid by the buyer may be tax deductible.*
  • Mortgage Interest Deduction - Mortgage interest paid may also be tax deductible.*
  • Appreciation - Real estate values move in cycles, sometimes up, sometimes down, but over the years real estate has consistently appreciated in value. This can lead to a re-sale price higher than what a homeowner originally paid.
  • Equity Loans - A homeowner can get an equity loan that usually has a low interest rate and the interest paid on the home equity loan may also be tax deductible.*
  • Freedom - Homeowners are free to choose paint colors and landscaping that reflect their personal style. They can even adopt a pet without getting a landlord's approval.
  • Interest Rates - Today's rates are among the lowest they have ever been. Sovereign Bank has fixed rate mortgages with flexible repayment options, as well as ARMs to fit any need.
  • Pride of Ownership - Home ownership gives a person and their family a sense of stability and security.

    • Now is the time. There are good buys at every price point! I have closed transactions from $300K to $2.7 mil in the last 6 weeks. A good loan originator is a key to a smooth closing on Cape Cod.

     

    Heath Coker, Associate Broker
    Robert Paul Properties
    www.CapeGroup.com / capegroup@capegroup.com
    508-274-5613  Licensed in MA
    Its a beautiful day on Cape Cod!
    @CapeGroup  Skype: heath.coker

    REindex.com, The Site Engine®
    508-274-5613  reindex@reindex.com
    See our 2 Minute YouTube www.REindex.com/WhatIsREindex.html
    @RealEstateIndex

    James Heath Coker | Create Your Badge

    3 comments • Falmouth MA Cape Cod Heath Coker • November 16 2010 11:02AM

    Falmouth Housing Data - 15 Months

    Here is some housing market data for Falmouth MA. It shows that there have been twice as many properties coming on the market as have been sold. And the current inventory is almost 1 year. This chart is for Non-Waterfront properties only. While Falmouth has more waterfront that any other town in the country, there are many more homes in Falmouth that are not on the water.

    Falmouth Housing Data June 2010

    The average list to sale price shows 95%. The only problem I have with that nymber/percentage is that is relative to the listing price at the time it went under agreement. This does not take into account that the property may have been on the market at a higher price.

    Buyers can be misled to think that 95% of the listing price is what they can expect to pay on average. However, that is only true for a correctly priced property. Ask a good local broker or agent about the pricing of a property. There are more properties reducing their prices than those that are increasing or keeping their prices stable.

    (We can provide this information about any Cape Cod town.)

    Heath Coker, Associate Broker
    Robert Paul Properties
    www.CapeGroup.com / capegroup@capegroup.com
    508-274-5613  Licensed in MA
    Its a beautiful day on Cape Cod!
    @CapeGroup  Skype: heath.coker

    REindex.com, The Site Engine®
    508-274-5613  reindex@reindex.com
    See our 2 Minute YouTube www.REindex.com/WhatIsREindex.html
    @RealEstateIndex

    James Heath Coker | Create Your Badge

    3 comments • Falmouth MA Cape Cod Heath Coker • June 28 2010 05:48PM