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Falmouth, MA Real Estate News

By Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Berkshire Hathaway HS Robert Paul Prop
(https://teamcoker.robertpaul.com)
February 2025 Real Estate Report📢 Thinking about buying or selling? Here’s what’s happening in the housing market right now!📊 Key Market Trends - In General ✔️ More Homes for Sale – The number of homes on the market increased 27.5% compared to last year. This marks the 16th month in a row of growing inventory.✔️ Slight Price Drop – The median home price in February was $412,000, down 0.8% from last year. However, prices per square foot rose by 1.2%, meaning home values are still climbing.✔️ Longer Time on Market – Homes are sitting on the market for an average of 66 days, which is 5 days longer than last year.✔️ More Price Cuts – 16.8% of sellers lowered their asking price in February, up from 14.6% in 2024. This suggests that sellers are adjusting to slower market conditions.✔️ More Ne...
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By Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Berkshire Hathaway HS Robert Paul Prop
(https://teamcoker.robertpaul.com)
The other night my wife watched part of a television special on the brain.  She said they had the viewer do a fascinating experiment while watching the show.  The TV screen was full of small, active, blue dots.  Then three larger stationary yellow dots were placed in the center of the screen forming a triangle.  The viewer was told to focus their attention on the center of the triangle and on the blue moving dots.  Within a very short period of time the yellow dots started to randomly blink and disappear.  However, when she shifted her focus off the moving blue dots to specifically look at the yellow ones, the yellow dots were actually still there.  They were not really blinking or disappearing.  Apparently, because her vision was so busy focusing on the active blue dots, the yellow one...
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By Steve Clay
(Keller Williams Cape Cod and the Islands)
People keep asking me whether this is a good time to buy. I am presently with over 20,000 of my colleagues at the National Association of Realtors Convention in Orlando and that topic has come up in numerous sessions. David Knox, a well-known real estate expert, speaker and coach said it this way: "In three to five years, people are going to look back on this time period and say ‘I wish I had bought back then." Here's why: Inventory is high Prices are low Interest rates are historically low Sellers are motivated There is abundance of bank-owned property Banks ARE making loans to qualified buyers For first-time homebuyers, there is a $7,500 tax credit from Uncle Sam As for Cape Cod, this time of year is especially favorable for buyers. Many sellers have decided to sell and do not want to...
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By Steve Clay
(Keller Williams Cape Cod and the Islands)
I have just finished the first day of the Accredited Buyer's Representative classthat I am taking as a preliminary activity to the National Association of Realtors convention that gets under way officially on Friday. Last year in Las Vegas, the NAR convention served as a springboard to what has been a surprisingly good year. Needless to say, I'm hoping that this year's event is equally helpful. I am taking the ABR class for two reasons. First, having the certification will add more credibility to my marketing efforts. Second, and more important, is the fact that over 60% of my sales this year have been with buyer clients. This is the exact opposite of what my business plan called for. Since I believe that 2009 will be much the same as 2008, this class should be helpful to me. "Knowledge...
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By Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Berkshire Hathaway HS Robert Paul Prop
(https://teamcoker.robertpaul.com)
How many people get to:Drive their kids to school every morning so you can start their day with a laugh and positive comments?Drive by the beach and watch the sunrise every morning?Occasionally take a heated, enclosed ferryboat to an island, where there is a comfortable house and more beaches?Look for seals, watch the gulls, see the colors in the trees surrounding a picturesque New England shoreline? Falmouth, MA is reputed to have more waterfront than any other town in the United States.It is one of the largest towns on Cape Cod, and I think it is the best year round town to live in or visit.You can get a great meal year round, shop, and stroll the beaches. Lately, I have been reminding myself that I get to live in a place that people come to for vacation.It has all that a big city has...
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By Steve Clay
(Keller Williams Cape Cod and the Islands)
In July I posted the statistics that demonstrated the current health of the Condominium market in Falmouth, MA (Cape Cod). Here is an update of the same statistics:                                                                                           July                  October Units on the market                                                       55                       55 Average sales per month                                               3.7                      3.4 Our absorption rate                                                     15.3                    16.2 (The number of months that it would take for all condos presently on the market to be sold) A balanced market is around 5 months. This is down from 18 months in May.) Sales % of original list price             ...
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By Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Berkshire Hathaway HS Robert Paul Prop
(https://teamcoker.robertpaul.com)
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 r...
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By Todd Bazarewsky
(www.ToddBaz.com)
Falmouth Waterfront Homes|Falmouth Real Estate| Falmouth Heights|N. Falmouth|Sippewissett|Woods Hole  click the Logo/link above to visit my website If you are fortunate enough to be looking for a Waterfront home in Falmouth, Ma, the good news is that in a down market, exclusive homes take the biggest price hit. If you are looking in the $1 Million-$5 Million price range, There are currently 30 homes available in Falmouth, Ma in that price range.  You can click the link below to view them all ! click HERE to view Falmouth Waterfront Homes for Sale If you see a home, 2 or 3, that you like or would like to see, need more info, you can contact me easily using the link above. Aside from helping you locate your new home, I can help you evaluate it and negotiate the lowest possible final sales...
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By Todd Bazarewsky
(www.ToddBaz.com)
Falmouth Waterfront Homes|Falmouth Real Estate  click the Logo/link above to visit my website If you are fortunate enough to be looking for a Waterfront home in Falmouth, Ma, the good news is that in a down market, exclusive homes take the biggest price hit. If you are looking in the $1 Million-$5 Million price range, There are currently 30 homes available in Falmouth, Ma in that price range.  You can click the link below to view them all ! click HERE to view Falmouth Waterfront Homes for Sale If you see a home, 2 or 3, that you like or would like to see, need more info, you can contact me easily using the link above. Aside from helping you locate your new home, I can help you evaluate it and negotiate the lowest possible final sales price. The charge to you, the home buyer? Nothing, na...
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 click the Logo/link above to visit my website Falmouth Waterfront Homes If you are fortunate enough to be looking for a Waterfront home in Falmouth, Ma, the good news is that in a down market, exclusive homes take the biggest price hit. If you are looking in the $1 Million-$5 Million price range, There are currently 30 homes available in Falmouth, Ma in that price range.  You can click the link below to view them all ! http://www.rls2000.com/link/listing.asp?AgentID=A8000915&txttown=Falmouth%3AMA&SF=SF&txtMinPrice=1000000&txtMaxPrice=5000000&Search=Search&wf=wf If you see a home, 2 or 3, that you like or would like to see, need more info, you can contact me easily using the link above. Aside from helping you locate your new home, I can help you evaluate it and negotiate the lowest pos...
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"America the Beautiful" author was born in Falmouth, MA This year we celebrate the 149th Birthday of Katharine Lee Bates, born in a house on the Town Green in Falmouth on August 12,1859. Her father was the pastor of the Congregational Church right around the corner. The house is maintained by the Falmouth Historical Society   ( www.falmouthhistoricalsociety.org ), and may soon be on the market. Miss Bates moved to Wellesley and graduated from Wellesley College in 1880. She was a professor at the college until 1925. Katharine wrote the poem "America the Beautiful" after a trip to Colorado Springs, CO in the summer of 1913. She is quoted about her inspiration years later stating.... "One day some of the other teachers and I decided to go on a trip to 14,000-foot Pike's Peak. We hired a pr...
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By Peter Hawley
(Jack Conway & Co.)
Cape Cod, MA: Life on Vacation Cape Cod, a very unique 400 square mile peninsula, with 115 beaches, 41 golf courses, 50 miles of bike trails, with 15 communities, each offering a complete vacation and year round experience. Two years ago, it was very difficult to find a home under $300,000, but that is not the case today, and this news is drawing more and more 2nd home buyers, who can easily generate rental income if they wish. Here in Falmouth, where I sell and list real estate, ( www.peterhawley.com), the beaches are dotted with people on vacation as well as locals, who enjoy the sea shore every day.  Summer is not the only time when people spend time on the Cape. Due to the mild climate, after Labor Day new visitors appear. Mostly those who are "empty nesters", traveling retirees, an...
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By Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Berkshire Hathaway HS Robert Paul Prop
(https://teamcoker.robertpaul.com)
Many customers aren't aware, but there are 2 Multiple Listing Services (MLS) on Cape Cod for Cape Cod real estate.  One is the traditional one that has been here since the pilgrims started selling houses between each other, and the other is from "Off-Cape" and is working hard to "annex" the Cape into its massive database.  My company has been a member of both for the last ten years, but many companies on the Cape are members of only the Cape Cod and Islands MLS and not the Property Information Network (PIN). Both are normal MLSs and both have a lot to offer.  Neither has such a fantastic system that it towers over the other.  Cost to the members is probably the only real difference between the two.  Of course they will both say they have the "best" this or that in their system, but only...
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By Peter Hawley
(Jack Conway & Co.)
Who is moving to Falmouth, MA A recent survey concluded a large number of buyers are those making Life Style Changes, seeking to telecommute and work from their home base. They may commute to Boston or New York and beyond to meet with clients for a few days returning to spend the rest of the week on Cape Cod. I was one of those mobile world travelers, leaving Monday mornings to my office in Canada and then working my way back to the Cape. Those who are close to retirement or those who have retired make up the largest influx of buyers, most have vacationed for years in Falmouth, know the community and have strong social ties here. Some may also own property further South and stay here from Spring to early Fall. Next are those who wish to have a second home on the Cape, a short distance f...
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By Peter Hawley
(Jack Conway & Co.)
Falmouth, MA – An Overview From the Edge of America – Falmouth, MA, a thriving community on the southeast corner of Cape Cod. Here you will find the best in summer recreation, be it sitting on the beach soaking up the sun, fishing on and off shore, traveling to Martha’s Vineyard either directly from the Falmouth Harbor on the Island Queen, or transporting your vehicle on the ferry that leaves Woods Hole. A community that boasts an $8 million Library renovation, a new expansive addition to the Falmouth High School, the excellent medical facility and services provided at the Falmouth Hospital, world renowned research facilities at the Marine Biological Lab, and at Woods Hole Oceanographic, an active Art and Cultural community, summer theater and concerts at Highfield, exploring the Waquo...
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By Steve Clay
(Keller Williams Cape Cod and the Islands)
The monthly condo fee is often a stumbling block for buyers considering the purchase of their first condo. In the current market, where the high inventory of single family homes has lowered prices so that buyers have the option of choosing between a condo and a house, they tend to see the condo fee as a "savings" if they buy the house. This could not be futher from the truth. Everything that is included in the condo fee is usually an expense that they would have with a single family home or they would have to do the work themselves. Using FalmouthPort, a well-run, mature waterfront condo community in Falmouth, MA as an example, the monthly fee includes the following: exterior building maintenance, roof and septic system management, landscaping, lawn mowing, snow plowing, show shoveling,...
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By Steve Clay
(Keller Williams Cape Cod and the Islands)
Here are the statistics for condo sales in Falmouth, MA on Cape Cod. I would be curious to know how these compare with sales in your community. There are 55 units on the market today (July 5, 2008). We have been averaging 3.7 sales per month for the past six months. Our absorption rate (the amount of time that it would take for all condos presently on the market to be sold) is now at 15.3 months. A balanced market is around 5 months. This is down from 18 months in May. Condominiums are selling for 82.3% of their original list price. Condominiums are selling for 90.62% of the list price at the time of sale. Here are some statistics by price range:                               0-299,000        300,000-399,000         400,000-499,000          500,000+  Listings                       15   ...
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By Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Berkshire Hathaway HS Robert Paul Prop
(https://teamcoker.robertpaul.com)
The sun was shining so much that everyone who could get burned - did.  The cloudless sky was filled only with ospreys going to and from a nearby pond to catch fish for their ospreyettes, and an inadvertent flyby of some jet fighters on their way to Otis.  Today is 6/7/8 and my second daughter has graduated high school.  The speakers were positive, outward focused and contentious with their time.  The night before I attended the "awards ceremony" where scholarships were presented.  This small community provided almost $310,000 for kids to continue their education in college!  The amounts ranged from $100 to a $30,000 four year scholarship!  I was not only proud of my daughter and the awards she earned, but I was provided a non-partisan, apolitical look into the generosity of this great c...
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By Steve Clay
(Keller Williams Cape Cod and the Islands)
A sure sign that summer is coming is when the community calendar on the Falmouth Chamber of Commerce's website starts to fill up. In addition to the fact that Falmouth has more miles of shoreline than any other town on Cape Cod, the wide variety of daily activities and special events make it an incredible place to vacation or own property. Check the following link to see the schedule as it stands today: http://www.falmouthchamber.com/more/calendar/local It won't be long before this pastoral scene at Old Silver Beach in North Falmouth is once again playing host to people from far and wide who come to enjoy Falmouth's beautiful sandy beaches.
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By Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Berkshire Hathaway HS Robert Paul Prop
(https://teamcoker.robertpaul.com)
Well, despite forecasts of rain all day, the sun shone.  I was able to mow the yard, and fix a swing for the kids, and work on the dock, and then watch the Celtics and Red Sox win. Falmouth is an interesting location.  So often the forecasters predict bad weather and then the storm moves to the north of the Cape Cod Canal or South of Martha's Vineyard.  We have nice weather more often than not - even when they say it won't be.
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By Steve Clay
(Keller Williams Cape Cod and the Islands)
There are 60 units on the market today (May 12, 2008). We have been averaging 3.3 sales per month for the past six months. Our absorption rate (the amount of time that it would take for all condos presently on the market to be sold) is now at 18 months. Since a balanced market is around 5 months, this strongly favors buyers. Condominiums are selling for 86.7% of their original list price. Condominiums are selling for 92.14% of the list price at the time of sale. Buyers are more demanding the longer a unit is on the market.  Here are some statistics by price range:                               0-299,000        300,000-399,000         400,000-499,000            500,000+ Listings                       19                        18                               10                         1...
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