The chart below is a visual representation of single family home sales in Falmouth MA over the last 10 years. As can be seen, there was definitely a peak in 2006. Since that time there has been a steady decline in the number of sales.
Well, is this good news? Many real estate analysts say that real estate works in 10 year cycles. So it the peak was in 2006, we must be at or near the bottom of the downturn. When you add in the lowest interest rates in awhile and the availability of foreclosed properties, there are some opportunities to buy at good values - even in the current turmoil.
So if you are considering Falmouth as an investment or as a place to settle down, now is the time to get a good real estate broker, or an agent if you can't find a broker, to "bird-dog" for you. I recently found one buyer a home that meets all their criteria - after 10 months of patient looking.
Its a beautiful day on Cape Cod!
Heath Coker, Cape Group, 508-548-8888
Heath Coker, Owner of Cape Group Real Estate
www.CapeGroup.com / capegroup@capegroup.com
508-548-8888 Licensed in MA
Its a beautiful day on Cape Cod!
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Congrats on finiding your buyer a home after 10 months. Diligence is key. I sure hope you are on the upswing as your chart suggests! Good luck.
Life is good on Cape Cod! And we get to work here, too.