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Falmouth Heights Activity in 2008 . . . 1/1-8/31
Hi Neighbor* - Single family home sales in the Heights dwindled to a precious 3 from Jan 1- Aug 31. Sales were 439K, 680K and 950K while 6 were taken off the market. Previous sales in the same period were 6 in 2007, 5 in '06, 8 in '05, 16 in '04 and 8 in '03.
Active Listings - 8 homes are for sale priced from 320K to 899K with 2 over $1,000,000.
Condo Sales - 4 at 535K, 729K, 985K, 1,100K with 10 withdrawals, mostly at Casino Wharf.

Falmouth Home Sales under 999K in the same period, declined 13% from 281 in '07 to 244 by Aug 31st. The most active range was 200-300K with 64 sales followed by 300-400K with 56 sales. There were 27 sales over $1,000,000.
Active Listings: 445 homes. This will give you a good idea of what's happening in our market.

For more information, please send an email or visit my real estate website at: www.capecodspecials.com which has lots of useful info for buyers and sellers. It's also a good place to gain access to all the Cape Cod MLS listings.

Note: I'm always looking for new clients to help and if you know anyone thinking of buying or selling a home, please contact me. This is a long-range business that can run more smoothly and successfully with a friendly, reliable professional at your side.

David F. Kelley, ABR, e-PRO
Pond View Realty
508-566-1252 dfkelley@pair.com


Here's what happened last year . . .
In 2007, only 7 single family homes sold. The average price was $520,000 with no sales over $1,000,000 indicating an unwillingness by buyers to spend on the high end. By years end, there were only 4 active listings with 3 over $1,000,000 for an average list price of $1,047,225.

As usual, conflict exists between sellers desires and buyers pocketbooks as 20 homes were either withdrawn from the market or their listings expired during the year. A few returned at reduced prices. 2006 was also a poor year, yet had 12 sales, 8 under 600K and 2 large ones to bring the average selling price to $1,144,000.

Falmouth condo sales are sluggish with good choices in all price ranges whereas condos in the Heights are stacked on the high end with 10 of the 12 active listings priced over $1,000,000. The only sales were priced at 320K and 635K with one now pending at 745K.

Falmouth Single Family Sales Are Up, but . . .the prices are down. At years end, the Cape Cod & Islands Multiple Listing Service show 438 sales for the year which is 14 more than last year, but a decrease in average value from 584K in '06 to 534K in 2007. This decline in sales prices should encourage homebuyers. For comparison, in 2005 there were 497 sales with a average value of 550K. For charts illustrating Falmouth's increased sales and values, please click on Falmouth Blog on my website and scroll down to the September entries.


2007 home & condo sales in Falmouth Heights on Cape Cod

If you need more information or wish to consult about your future real estate plans, please call me at (508) 540-9922 Ext. #13 or send an email to dfkelley@pair.com. I've been helping homebuyers and sellers for the past 11 years and am available to consult during your thinking and planning stages. It's a great way to get objective information without the pressure of selling and also to discover a realtor you may want to work with in the future. David Kelley lives in Falmouth Heights and is also a professional artist and graphic designer. Click on David's Work to see samples and also get information about the arts and cultural activities in Falmouth.

Sincerely,
David F. Kelley, ABR, e-PRO


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