Posts Tagged ‘market update’

2018 – Already a Banner Year for Cape Cod Real Estate!

Wednesday, March 7th, 2018

2017 was unbelievably busy. There was no break even through the holidays which is normally a slower time. I worked right up to and during Christmas and New Years. The first slow period I saw was the first 2 weeks in January. Then, it all started again. Because the Cape and even much of New England has enjoyed a milder winter with less snow than usual, Buyers started arriving mid January. By the end of the month, our Spring market was in full swing.

Sellers don’t realize the Spring market is January, February, March…they think it starts in May. So they mistakenly list their property after most of the Spring Buyers have already bought a home.

Anyway, in February I was slammed. selling 6 houses that month alone. 4 of those were my listings, and 3 of these 4 listings received from 2-4 offers.

At this moment I have just 1 active listing – and am getting an offer on it later today! Luckily I have 2 new listings going on the market.  There is huge demand, and little supply. Even during the brutal Nor’easter we just had, and without power for almost 4 days – I was out showing houses the next day. Even though many roads were closed and there were detours everywhere, Buyers were out looking.

Bottom line; I don’t think this demand is going away anytime soon.