Brewster, MA

Home for sale in Brewster, Cape Cod, Near Route 6A
2 Beds 3 Bath 1 Car Garage MLS#21007464 Price $314,900.00
Destination Realty Group at William Raveis. Joe Arnao 508-503-4435

This home for sale in Brewster, Cape Cod, near Route 6A  is set in the beautiful historic Stony Brook area situated in the private neighborhood of Dillingham Heights. This home for sale in Brewster, Cape Cod, near Route 6A  is a perfect getaway or year round home.

With over 1,200 sq ft, this two bedroom three bath Cape has a nice open kitchen with a dining room with wood floors opening out to a slider with deck to your private backyard. Some features of this home for sale in Brewster, Cape Cod, near Route 6A,  include;
Walkout basement
One car attached garage
Central vacuum
Anderson eight pane windows
Private back yard
Much more

This home for sale in Brewster, Cape Cod, near Route 6A has a finished, walk out basement for overflow guests or a place for your entertainment center. This home for sale in Brewster, Cape Cod, near Route 6A  is located in a neighborhood that is nearby to many of the attractions of Brewster and Dennis.

Recent improvements make this home for sale in Brewster, Cape Cod, near Route 6A, ready for you to move into immediately. Ample plantings and a secluded back yard offer a tranquil setting for this home for sale in Brewster, Cape Cod, near Route 6A.

If your lifestyle includes, beaches, biking, antiquing or just enjoying Olde Cape Cod, then this home for sale in Brewster, Cape Cod, near Route 6A is perfect for you.

This home for sale in Brewster, Cape Cod, near Route 6A is just a 5 minute ride away from Paines Creek beach on Cape Cod Bay. Don't miss your opportunity to own a classic Cape Cod home in a desirable area of Brewster.

If you are interested in this home for sale in Brewster, Cape Cod, near Route 6A , please contact us at info@mydestinationrealty.com or call 508-503-4435

Trend and Forecast in Mortgage Rates on July 20, 2010 - Improving, or...?

Here are some of the events affecting mortgage rates today:

What Mortgage Backed Securities (MBS) Are Doing Today:

• The price of the FNMA 30-Year 4.0% MBS coupon opened at 101.61 this morning - the same as yesterday's close.
  
  
• At 9:30 AM, the 4.0% MBS coupon was trading at 101.77 - up 5/32 from its opening.

Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down - and so do mortgage rates. I expect that mortgage rates will be up to 0.125 points better in price this morning as compared to yesterday.

Price Trend in Mortgage Backed Securities:

The chart below shows the price trend of the FNMA 30-Year 4.0% coupon over the past 30 days from 6-20-2010 to 7-20-2010:

Economic Reports, News, and Events Affecting Mortgage Interest Rates Today:

• Housing Starts - fell 5% in June to an annualized rate of 549,000 units, and is much worse than expected. Housing starts rose 3.9% in April and 5.0% in March, but fell 14.9% in May. Permits for new constructions rose 2.1% in June and follows a 5.9% decline in May and a 10.9% decline in April. Usually, this report has little to no impact on the mortgage market. However, this report led to lower mortgage rates this morning.

Trend in Mortgage Rates:

The chart below shows the trend in mortgage rates over the past 3 years:

Mortgage Rate Lock Advice:

Mortgage rates are at their historic lows - and haven't been this low since the early 1950s. They could possibly go even lower as the global economic crisis continues. However, the stock market is over sold while the bond market is over bought, and rates could begin to head up soon as the markets begin to correct themselves. As such, I would not risk the chance waiting for lower mortgage rates.

If I were financing a home or refinancing a mortgage today, I would:

• Lock if my closing was taking place within 7 days
• Float if my closing was taking place between 8 and 15 days
• Float if my closing was taking place between 16 and 30 days
• Float if my closing was taking place more than 30 days from now

Be sure to check out today's mortgage rates.

The Trend in Home Sales in Brewster MA - Improving, or...?

Home prices in Brewster on average are rising - but not by much! Home prices have risen 1.0% since June of 2009.

The current average listing price of homes for sale in Brewster MA is $484,699, up 2.3% from a month ago. Compare this to the current median sales price of $370,000 - where half of sales are above this amount and half below it.

2 bedroom homes are selling for more compared to a year ago, but 3 and 4 bedroom homes are still falling in price. Most notably, prices of 2 bedroom homes are up 22.9% since the same time last year, while 3 bedroom homes are down 11.1% and 4 bedroom homes are down 6.8%. Below is a chart of the trend of median prices of homes for sale in Brewster MA over the last 5 years through June 2010:

Brewster Recently Sold Homes

While cyclical, the number of sales of all homes in Brewster MA in general have been falling over the last 5 years:

Brewster Recently Sold Homes

So what does all this mean? Well, if you're looking for a home in the town of Brewster, you may be able to find a bargain. Sales of homes in Brewster overall are declining, and prices of 3 and 4 bedroom homes are down almost 9% from where they were 5 years ago.

Still, lowball offers won't cut it in a market like this. Sellers aren't in control of the market either, so both buyers & sellers should be reasonable when negotiating. Be sure to contact me, Lew Corcoran, toll free at 1-800-984-3341, when you're looking to get pre-approved for a purchase of your next home. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.

WOW ... CAPE COD IS REALLY SPECIAL!!

Karin asked last week if I could do an open house for her this past weekend. She just listed an 1840's antique merchant's house on the Olde King's Highway (Route 6A) in Brewster, one of the most beautiful parts of Cape Cod. After spending the afternoon there on Satuday I have to say ... "WOW!! Cape Cod is really special!!"

My family has been on the Cape since the beginning of this grand experiment, and as a 14th generation native sometimes I get jaded about the history, natural beauty and talent that is everywhere around me. I suppose folks from Southern California occasionally forget that they have beautiful girls bouncing around everywhere, or from Florida that they have nice, juicy oranges just hanging on trees, or that Alaska has those cute bears catching salmon all over the place like on a National Geographic DVD. When you see it everyday, it becomes 'nothing special.'

I like doing open houses. The purpose of doing one on a listing that's not yours is, of course, to get customers for other houses. Here on Cape Cod you never know who is going to be driving by, you meet some pretty interesting (and well qualifed) people and things happen. Since I am still in the process of 'getting back into the business,' don't have a lot of listings on my own and some agents have an abundance, I am happy to help out.

When you grow up in a wealthy, seasonal tourist area like this, you learn at an early age to take advantage of the traffic flowing through. My first job, at 8 years old, was washing root beer mugs at my Dad's 'hot dog stand' on Route 28 in Hyannis, my second in our 'stand' on Route 28 in West Harwich. From the time school gets out till Labor Day, it's happening on Cape Cod.

Karin Neal Doyle (karin@capecodera.com) is a new, rising listing superstar at the agency where I work (ERA Cape Real Estate). I was happy to help her out on this listing, because she's a great person and the listing meets all the criteria of a good open house for me -

• It has some unique aspects to it,
• it is overpriced,
• there are lots of comparable properties for less, and,
• it is located on a major road.

Additionally, I am familiar with the property, 2095 Main Street, the McLoud House, having lived in Brewster right down the street for fifteen years, first on Puritan Drive (the first left off Millstone, across from the Cape Cod Sea Camps), and then on Deer Path Circle, (right across from the Animal Rescue League, on the Orleans town line). I drove by it at least three times a week during that time and always noticed the sign - "Antique & Unusual Plant Containers". One summer my daughter worked at the Brewster Coffee Shop, an iconic Cape business, located about six doors down.

Saturday afternoon I headed on over (it's about fifteen minutes from where I live, by the Dancing Brook in South Yarmouth). I brought the usual, plus my package of comps - in this case, antique homes on Route 6A from Barnstable village through East Brewster in the $500-$800,000 range.

The particular section of Route 6A where the McLoud House is located is arguably the best stretch of the Olde King's Highway (which runs from Sagamore to Orleans) for well preserved or beautifully restored antique homes. In this area the road is lined with huge, leafy trees, the houses painted in official, approved Historic colors and the landscaping mature, well tended and lush. There is a gas station down the road a piece, but that's about the only 20th century intrusion in the area.

So OK, here I was at another expensive, beautiful old house, with beautiful gounds - one of perhaps thirty or so within a short stretch of road. I was impressed, but we see some totally awesome houses every week, and I'm not taking about granite counter tops, stainless steel appliances and steam showers. I'm talking about fantastic concepts, superbly executed by gifted homeowners with tremendous vision - truly exceptional properties.

So what made the McLoud House special? Why is it worth a blog post? The truth is it wasn't the neighborhood (nice), the house (sweet), the Antique & Unusual Plant Container" shop (very cool, if, like me, you like that kind of stuff) or even the grounds (drop dead, think you're in Heaven type gorgeous).

The most unique, facinating and impressive part of this house doesn't go with the sale. The special element is the owner - Pat McLoud, Master Gardener, author, flower show judge, shop owner. Pat bought this property as an old house with a yard - couple of big trees, some grass, lots of weeds.

And she created a paradise. No gardener, no landscapers, no landscape architect. In her little half acre she knows every plant, flower, shrub, fountain, terrace, sculpture and tree on a first name basis. She put them there, nurtured them, made them behave and keeps them happy.

Rather than continuing to bloviate about the beauty of the McLoud House, I offer a video I shot using my cell phone.

CCIAOR MLS #21005445