Heath's Blog


Pre-foreclosures on Cape Cod (Orleans, MA)

Orleans is in the Lower-Cape area of Cape Cod.  It is bounded by Harwich, Chatham, Eastham, Brewster, the Atlantic Ocean,and Cape Cod Bay.  Less than half of the properties in Orleans are second homes (40%+-).  Orleans' beaches are part of the National Seashore and are on The Atlantic Ocean.  Even with its high second home percentage, Orleans had very few of its homes in pre-foreclosure as of May 6, 2008.

On a side note, the Lower Cape area is called the Lower Cape instead of the Outer cape or Upper Cape because of latitude.  The latitude of the Upper Cape is higher than the latitde of the Lower Cape and visa-versa.

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. 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.

Here are the breakdowns for Orleans 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. 

Orleans  19

Next:  Eastham
Other Towns:
Chatham Brewster Bourne Harwich Dennis Provincetown Yarmouth Sandwich Mashpee Falmouth Barnstable 

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

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