February 2025 Cape Cod Real Estate Market Update

from Cape Cod's Favorite Real Estate Pros, Nichole Willey & Team     January 2024 Market Stats for Barnstable County      "New Listings were down 0.5 percent for single-family homes but were up 10.4 percent for condominium properties. Closed Sales increased 23.7 percent for single-family homes but decreased 19.5 percent for condominium properties. The Median Sales Price was up 7.2 percent to $742,500 for single-family homes and 6.7 percent to $480,000 for condominium properties. Months Supply of Inventory decreased 9.5 percent for single-family units but increased 33.3 percent for condominium units."   Information provided by The Cape Cod & Islands Association of REALTORS       Nichole Willey & Team are your local real estate experts on Cape Cod & the South Shore! Whether you are looking to buy, sell, invest, or rent – we have a team of passionate, local professionals waiting to help make your real estate goals a reality. Contact us today or schedule a 1:1 consultation .

5 Must-Have Features for Your Cape Cod Dream Home

1. Outdoor Living Spaces   Cape Cod’s stunning landscapes and pleasant weather call for outdoor spaces that invite relaxation and connection with nature. These spaces are more than just an extension of your home—they’re an essential part of Cape Cod living. Key Features to Include: Decks and Patios: Whether it’s a sun-soaked deck or a shaded patio, these areas are perfect for entertaining guests, enjoying morning coffee, or soaking up ocean breezes. Outdoor Kitchens: Modern outdoor kitchens equipped with grills, sinks, and dining areas are ideal for hosting summer cookouts. Fire Pits: A fire pit or outdoor fireplace adds a cozy touch, making your space usable even during cooler months. Lush Landscaping: Incorporate native plants like hydrangeas, beach grasses, and roses to create a low-maintenance, picturesque yard. Water Features: Consider a small fountain or koi pond to enhance the tranquil ambiance. Outdoor living spaces not only boost the enjoyment of your home but also add to its value. They’re especially appealing in Cape Cod, where residents and visitors alike cherish the outdoors. 2. Coastal Charm A Cape Cod dream home wouldn’t be complete without design elements that embrace the region’s coastal character. These features pay homage to the area’s maritime heritage while providing a timeless aesthetic. Design Ideas: Nautical Details: Incorporate design touches like shiplap walls, rope accents, and brass hardware to evoke a sense of seaside living. Neutral Color Palette: Use whites, creams, and soft blues to mimic the colors of the sand, sky, and sea. Pops of navy or coral can add a vibrant contrast. Exposed Beams: Wooden beams lend a rustic yet elegant feel to living areas and bedrooms. Natural Materials: Opt for wood floors, wicker furniture, and linen textiles to bring warmth and texture into your space. Oversized Windows: Large windows maximize natural light and offer stunning views of the surroundings, whether it’s the ocean, marshes, or a wooded backyard. Cape Cod charm is about blending sophistication with a relaxed coastal vibe. This balance ensures your home feels inviting and timeless. 3. Functional and Stylish Home Offices   The rise of remote work has made home offices a top priority for modern homeowners. A thoughtfully designed workspace can enhance productivity while maintaining the cozy feel of a Cape Cod home. Essentials for Your Home Office: Ample Natural Light: Position your office near a window to take advantage of daylight and enjoy calming views. Built-In Storage: Keep the space organized with built-in shelves, cabinets, and a functional desk. Coastal Decor: Add subtle nods to the Cape Cod aesthetic with nautical-themed artwork, a light color palette, or a seashell paperweight. Comfortable Seating: Invest in an ergonomic chair that supports long work hours without compromising on style. Soundproofing: If you’ll be taking video calls or need quiet focus, consider soundproofing the room with rugs, curtains, and acoustic panels. Having a dedicated workspace that reflects your home’s overall design can make remote work feel more enjoyable and less like a chore. Plus, it adds significant appeal for buyers if you ever choose to sell. 4. Energy Efficiency and Sustainability Eco-friendly living is a growing trend, and Cape Cod homeowners are no exception. Sustainable features not only reduce your carbon footprint but also save on energy costs in the long run. Energy-Saving Features to Consider: Solar Panels: Take advantage of Cape Cod’s sunny days by installing solar panels to power your home. Efficient Insulation: Proper insulation helps regulate indoor temperatures year-round, reducing heating and cooling costs. Energy-Efficient Appliances: Invest in ENERGY STAR®-rated appliances that use less electricity and water. Smart Thermostats: A smart thermostat learns your preferences and adjusts the temperature automatically, optimizing comfort and efficiency. Water-Saving Fixtures: Low-flow toilets and faucets conserve water without sacrificing performance. Sustainable Materials: Use reclaimed wood for flooring and furniture. Choose eco-friendly paints and finishes with low volatile organic compounds (VOCs). Incorporate bamboo or cork flooring for a renewable, durable alternative. Making your home energy-efficient and sustainable aligns with Cape Cod’s emphasis on preserving its natural beauty. 5. Multi-Purpose Spaces Modern Cape Cod homes prioritize flexibility and functionality. Multi-purpose spaces allow you to adapt your home to suit various needs, making it a practical and enjoyable place to live. Ideas for Multi-Purpose Spaces: Guest Rooms: Create a guest room that doubles as a reading nook or hobby space. Open-Concept Living Areas: Combine kitchen, dining, and living spaces to encourage seamless interaction and maximize space. Finished Basements: Use the basement for a home gym, media room, or children’s play area. Convertible Furniture: Invest in pieces like Murphy beds, extendable dining tables, or storage ottomans to make the most of smaller rooms. With multi-purpose spaces, your home can evolve with your lifestyle, accommodating everything from hosting guests to managing remote work or family activities. Designing your Cape Cod dream home is an exciting journey that combines the region’s coastal charm with modern functionality. By focusing on features like outdoor living spaces, coastal aesthetics, home offices, energy efficiency, and versatile rooms, you can create a space that perfectly reflects your lifestyle and the beauty of Cape Cod. Whether you’re relaxing on your deck, working from your stylish office, or enjoying an energy-efficient home, these must-have features ensure your Cape Cod property is a sanctuary for years to come. Embrace the charm and modernity of this beloved destination, and your dream home will truly stand out. Your Next Step: 📞 Call me today at 508-737-3567 to schedule a free consultation! 📧 Or email me at nicholewilley@kw.com   Ready to make moves? Let’s help you turn your dream home into reality!   Cape Cod ~ A Vacationer’s Paradise       Are you dreaming of a getaway to Cape Cod, the picturesque gem of Massachusetts? Planning the perfect accommodation is a crucial part of turning your vacation into a memorable experience. Look no further – navigating through our collection of properties is a breeze.  Our user-friendly website, www.seashorerentalscapecod.com, allows you to effortlessly explore various options, each accompanied by detailed descriptions and high-quality images. Find the property that speaks to you and fits your vacation vision seamlessly, and book instantly right online.   Nichole Willey & Team Call/ Text Nichole @ 508.737.3567 Call/ Text Evelynn @ 774.521.5899

How to Buy Your First Home on Cape Cod: A Local’s Guide

Buying your first home is an exciting milestone, and if you’ve set your sights on Cape Cod, you’re in for a unique and rewarding experience. Known for its stunning coastal scenery, charming towns, and vibrant community life, Cape Cod offers a lifestyle like no other. However, navigating the home-buying process here requires some local insight and we have just the experts for you! Check out our comprehensive guide tailored to first-time buyers: 1. Understanding the Cape Cod Real Estate Market Cape Cod’s real estate market is distinct, with high demand for coastal properties and a mix of historic homes, a few new builds, and vacation rentals. It’s important to know the competition. In addition, as a first-time buyer, it’s essential to: Research Market Trends: Keep an eye on property prices, inventory levels, and seasonal fluctuations. Prices may rise at different times throughout the year due to increased demand. Identify Affordable Areas: While towns like Chatham and Provincetown are known for luxury properties where even the smallest or not well maintained homes seem expensive, areas like Falmouth, Bourne, Barnstable and Yarmouth often have more budget-friendly options. Set Realistic Expectations: The right home for you is out there and we are here to help you find it. Needs versus wants are important distinctions. Figuring out the things you can’t compromise on is an importsnt part of the process.  2. Determine Your Budget Before diving into the search, establish a clear budget. This includes: Getting Pre-Approved for a Mortgage: Work with a reputable lender familiar with Cape Cod’s market to determine how much you can borrow. This step also strengthens your position when making offers. We work with only the best and would love to connect you!  Account for Additional Costs: Factor in property taxes, homeowner’s insurance, potential flood insurance, and maintenance costs. Cape Cod homes, especially those near the water, may require extra upkeep due to salt air and weather exposure, and possibly flood insurance. Consider Utility Costs: Homes on Cape Cod may rely on oil heating and most have private septic systems in addition to other unique features. These types of things can impact your carrying costs, so it’s important to understand what you’re committing to as far as the big picture goes. 3. Choose the Right Location Cape Cod consists of 15 towns, each with its own character and appeal. Consider:   Lifestyle Preferences: Do you prefer bustling tourist hubs or quieter residential neighborhoods? For example, Hyannis offers a vibrant downtown scene, while Truro is more secluded. Proximity to Work or Amenities: If you’ll be commuting or need access to specific facilities, prioritize towns with convenient transportation and infrastructure. Flood Zones: Check FEMA flood maps to ensure your chosen area aligns with your risk tolerance and budget for insurance. 4. Work with a Local Real Estate Agent A knowledgeable real estate agent is an invaluable resource for first-time buyers. Here’s why: Expertise in Local Market: An agent familiar with Cape Cod’s nuances can help you identify properties that fit your criteria and budget. Access to Listings: They often have access to properties before they hit public sites, giving you a competitive edge. Guidance Through the Process: From making an offer to negotiating repairs, an experienced agent will ensure everything runs smoothly from start to beyond the finish.  5. Prioritize Home Inspections Home inspections are crucial when buying a property on Cape Cod. Due to the coastal environment, common issues include: Moisture and Mold: The high humidity can lead to mold growth, especially in basements and attics. Septic Systems: Many homes have private septic systems that require regular maintenance. Schedule a Title 5 inspection to ensure compliance with Massachusetts laws. Roof and Foundation Integrity: Coastal weather can take a toll on these areas. Look for signs of wear and potential repairs. 6. Understand Local Regulations and Restriction Cape Cod’s natural beauty is protected by strict zoning laws and environmental regulations. These may affect your plans for renovations or expansions. Key points to consider include: Wetlands and Conservation Areas: Properties near wetlands may have restrictions on development. Historic Districts: If you’re eyeing a home in a historic area, be prepared to follow guidelines for preserving its character. Short-Term Rentals: If you’re considering renting out your property, check the local town’s rules and tax implications. 7. Explore First-Time Homebuyer Programs Massachusetts offers several programs to help first-time buyers achieve their dream of homeownership. Look into: MassHousing Loans: These provide affordable mortgage options, including down payment assistance. Federal Housing Administration (FHA) Loans: Ideal for buyers with lower credit scores or smaller down payments. USDA Loans: Some areas of Cape Cod qualify for USDA rural development loans with low interest rates. Check with your lender or real estate agent to see which programs you’re eligible for. 8. Be Prepared for Competitive Bidding In Cape Cod’s high-demand market, multiple offers on desirable properties are still common. Here are tips to stand out: Get Pre-Approved: Show sellers you’re a serious buyer with financing already in place. Be Flexible: Offering a quick closing timeline or waiving contingencies (where feasible) can strengthen your bid. 9. Think Long-Term Buying a home is a significant investment, so consider its long-term value: Resale Potential: Look for features that appeal to future buyers, such as proximity to beaches or updated systems. Energy Efficiency: Homes with energy-efficient windows, insulation, and heating systems can save money and increase appeal. Lifestyle Needs: Consider how your needs might evolve in the coming years. Will you need extra space for a growing family or guests? 10. Enjoy the Journey Buying your first home on Cape Cod is as much about the process as the destination. Take time to: Explore Different Towns: Visit open houses, walk through neighborhoods, and get a feel for the community. Embrace Local Culture: Attend local events, explore the beaches, and enjoy the charm that makes Cape Cod special. Celebrate Your Achievement: Once you’ve found your dream home, take a moment to savor the accomplishment and envision the memories you’ll create. Buying your first home on Cape Cod is an exciting adventure that requires careful planning, research, and local expertise. By understanding the market, working with trusted professionals, and prioritizing your long-term goals, you’ll be well-equipped to find a property that meets your needs and budget. Whether you’re drawn to the sandy shores, quaint villages, or vibrant communities, Cape Cod offers a unique lifestyle that’s worth the effort. Welcome home!   Your Next Step: 📞 Call me today at 508-737-3567 to schedule a free consultation! 📧 Or email me at nicholewilley@kw.com Ready to make moves? Let’s help you turn your dream home into reality! Cape Cod ~ A Vacationer’s Paradise           Are you dreaming of a getaway to Cape Cod, the picturesque gem of Massachusetts? Planning the perfect accommodation is a crucial part of turning your vacation into a memorable experience. Look no further – navigating through our collection of properties is a breeze.    Our user-friendly website, www.seashorerentalscapecod.com, allows you to effortlessly explore various options, each accompanied by detailed descriptions and high-quality images. Find the property that speaks to you and fits your vacation vision seamlessly, and book instantly right online.   Nichole Willey & Team   Call/ Text Nichole @ 508.737.3567   Call/ Text Evelynn @ 774.521.5899

January 2025 Cape Cod Real Estate Market Update

  December 2024 Market Stats for Barnstable County (Video) "New Listings were up 17.2 percent for single-family homes but were down 2.9 percent for condominium properties. Closed Sales increased 20.6 percent for single-family homes and 35.3 percent for condominium properties. The Median Sales Price was up 6.0 percent to $774,500 for single-family homes and 30.8 percent to $561,150 for condominium properties. Months Supply of Inventory decreased 9.5 percent for single-family units but increased 42.1 percent for condominium units." Information provided by The Cape Cod & Islands Association of REALTORS   Nichole Willey & Team are your local real estate experts on Cape Cod & the South Shore! Whether you are looking to buy, sell, invest, or rent- we have a team of passionate, local professionals waiting to help make your real estate goals a reality. Contact us today or schedule a 1:1 consultation.