Heath's Blog


Pre-foreclosures on Cape Cod (Eastham, MA)

Eastham Massachusetts has over 5,000 residential properties and more than half of them are second homes.  Eastham is bounded by Welfleet and Orleans, the Atlantic Ocean, and Cape Cod Bay.  Less than half of the properties in Eastham are second homes (40%+-).  There are great beaches on The Atlantic Ocean and on cape Cod Bay and Eastham calls itself the "gateway to the National Seashore."  Even with its high second home percentage, Eastham had very few of its homes in pre-foreclosure as of May 6, 2008.

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 Eastham 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. 

Eastham  32

Next:  Welfleet & Truro
Other Towns:
Orleans 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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