On May 6, 2008, I did some research on pre-foreclosures in Cape Cod towns. Only 1.3% of the 140,000(+-) homes on the Cape were at the stage of pre-foreclosure. Less than half of the homes on Cape Cod are actually second homes, and commercial properties are not included in the 1900. Most homes on the cape are owner occupied, contrary to popular opinion. Some areas within Cape Cod towns do have more than 50% vacation home or investment status, but for the most part, the Cape has a year-round economy.
Yarmouth is in the Mid-Cape area of Cape Cod. It is bounded by Barnstable and Dennis. Many of the properties in Yarmouth are second homes (35%+-). Yarmouth is one of the few towns on Cape Cod that has beaches on both Nantucket Sound and on Cape Cod Bay. This area of the Cape is one that is often depicted in postcards. Because of its high second home percentage, Yarmouth has almost 3% of its homes in pre-foreclosure as of May 6, 2008.
Here are the breakdowns for Yarmouth villages that I have found. Keep in mind these are PRE-foreclosures (as of 5/6/08) and some will not go to complete foreclosure.
Yarmouth Port 44
West Yarmouth 172
South Yarmouth 132
Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / firstname.lastname@example.org
508-274-5613 Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup Skype: heath.coker