About Barnstable County, MA

I read an article this week about how the median price in the US is rising again. That caused me to look at Barnstable County to see if that is the case here. Here is what I found.

For Barnstable County
Single Family Homes only
Oct 2010 to Dec 2012
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
Median Price $ 350 324 346 358 317 305 332 346 319 320 328 344 331 328 335

For Barnstable County
Single Family Homes only
1999 to 2012
Date 12/99 12/00 12/01 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11
Median Price $ 178 218 248 305 351 398 410 381 390 329 335 341 331

For Barnstable County
All Single Family (Homes, Condos, Land, ...)
1999 to 2012 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Median Price $ 178 218 248 305 351 398 410 381 390 329 336 339 334

The data does not indicate that the median price has begun movin upward yet. So, if you are a buyer and the national median has already begun moving upward, this could be the indicator that the market has bottomed out. If median price is moving upward nationally, but prices on Cape Cod haven't seen that movement yet, you could be ahead of the curve by buying now.

When you look at the last set of numbers, the last four years show a relatively stable median price. Median price does not usually stay as static as this data says it has. The years from 1999 to 2005 show an increased median from $178K to $410K. For the years from 2008 to 2011 the data shows an almost flat median price.

Are we at the bottom? There is a lot of pent up demand. Inventory is lower than it has been since 2005. The national median is reported to be increasing. We may be at the bottom.

(Referenced data is compiled from Cape and Islands MLS. The Cape Cod and Islands MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the Cape Cod and Islands MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.)

For those looking in the Swift's Beach area of Wareham with its view of Nantucket Bay, here is a chance to own a small compound within walking distance to the beach and view of the Bay in two directions from in front of your property.

Being sold separately or combined, one home has 2 bedrooms and a fireplace, the other 3 bedrooms. Both are updated for year-round living and newer storm windows and doors. There is off-street, paved parking for 4 cars. Both include washer/dryer hookups and 759/702 sq.ft. respectively. Also both are certified lead free and there are crawl spaces to each.

Call me or email me to see the homes. And if in the area, drive by to see how close you are to the beach.

617.671.5711

johnm@riverfarmproperties.com

Website: http://RiverFarmProperties.com

Well, we have been spared until now. Today we showed a few homes but the conditions were less than ideal. The picture below is of the Bourne Bridge headed south over to Cape Cod. I was on the way back to Falmouth from Sagamore Beach. This picture was taken at around 12:30 and the weather has continued to go down hill from that point.

Many drivers were going very slow, because the sand trucks and plows hadn't treated very many of the road ways. no, from my Main Street Office in Falmouth, the plows are occasionally going by, but it seems like they are waiting until the snow actually stops, which will be later this evening.

I guess we have to have snow, and we have had some amazingly warm days for January. Tonight there will be some soup, some hot chocolate, some election results, and maybe a movie. I am, however, looking forward to more amazingly warm winter days that will melt this white blanket and let us warm up again.

The press release below was issued by Robert Paul Properties today. The principle brokers of Robert Paul are Robert Kinlin and Paul Grover. We currently have offices across Cape Cod and Southeastern MA and we focus on Waterfront, Luxury Real Estate.

You can see one of my waterfront listings by clicking here: http://www.robertpaul.com/cape-cod-homes-listing.asp?id=991 Luxury Cape Cod Real Estate. It is a beautiful beachfront, 3 bedroom, ready to move in. This is the kind of property we like to focus on at Robert Paul Properties.

FOR IMMEDIATE RELEASE

Robert Paul Properties Captures the Luxury Market

CAPE COD, MA (1/16/12) — In what proved to be another unstable economic year, one market segment that showed growth for 2011 across Cape Cod and the South Coast was the $1M+ real estate market. Boutique real estate firm Robert Paul Properties ended the year as the number one realty firm in this highly competitive marketspace.

“At a time when so many investments are hard to forecast, one that still projects long term success is luxury real estate” noted owners Robert Kinlin & Paul Grover. “Our clients reached the conclusion that the time was economically and personally right to move forward. Savvy people are buying and selling properties for solid prices, and we are very well positioned to expertly guide them through that process.”

While the market place realized a 3% increase in volume over 2010, Robert Paul Properties increased their luxury sales by 30% with an average sales price north of $2.2 million. With the largest inventory of luxury properties across Cape Cod and the South Coast, Robert Paul Properties believes in further growth in 2012.

About Robert Paul Properties

Robert Paul Properties, owned by Robert Kinlin and Paul Grover, is the most recognized and respected name in luxury real estate across Cape Cod and the South Coast. Built on a bold new business model as well as a tradition of excellence, and fueled by an elite team of talented agents, Robert Paul Properties is a member of Leading Real Estate Companies of the World^™ and Luxury Portfolio International with offices in Barnstable, Chatham, Falmouth, Osterville, Marion and Provincetown. Their extensive portfolio of fine properties is available at www.RobertPaul.com.

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