Buying real estate on Cape Cod in January offers a smattering of opportunities for savvy buyers right now. The first week of 2012 boasted properties located in Barnstable County in access of 5800 units with 15 months of inventory. Months of inventory is calculated by dividing current inventory by the number of units sold. The higher the number, the more available opportunities, 5 indicates a Seller market.
Our (ABR) Accredited Buyer Agents at CENTURY 21 Seaside Village in Osterville, have been non-stop shopping with serious prospects, first time homebuyers, waterfront buyers, golf centric type buyers for New Seabury, luxury buyers (Wianno & Oyster Harbors) and just plain Cape Cod fans. Our buyers have come from Canada and California, moving forward-getting off the fence. We are writing offers, they are not dissappointed at all, most closings with take place in March!
Winter is our quiet time offering visitors off- season pricing at hotels, quiet seaside dining by fireside, outstanding lectures, plays, shopping and the arts. Anyone dreaming of summer by the sea should be looking at Cape Cod property this month. Summer is only 5 short months away. Typically asking prices are about 3% lower off season. Sellers are anxious to move on and savvy buyers are scooping up once in a lifetime deals.