Wednesday, February 21, 2018

COMING SOON - 3 Bedroom Bayside Half-Cape

EASTHAM - Coming Soon - This is a 1997 classic half-Cape with 3 good-sized bedrooms and 2 full baths. Nice and clean and ready for your family's enjoyment. Hardwood floors, natural gas fireplace, full basement, on a large private half acre property. Dream Here!

For more information - go Here!  #EasthamDreamHere

Saturday, February 17, 2018

My March Real Estate Newsletter Is Available Now!

My March 2018 newsletter is available for download. This issue has Part 2 of my year-end 2017 market report which summarizes Eastham's neighboring towns. Also in this newsletter is are articles on 3 new 'Coming Soon' listings, my HGTV debut in 2008, and a Seller testimonial. It also contains a link to my forth video newsletter. 

This newsletter has been published every month for 15 years. My goal, with this newsletter, is to provide accurate sales and market information for the Eastham housing marketplace, to add commentary and opinion (as appropriate), and to keep it interesting. Download your copy of my March newsletter now.  #EasthamDreamHere

Saturday, February 10, 2018

COMING SOON - Immaculate 4 Bedroom Ranch w/ In-Law Apartment

EASTHAM - Coming Soon - An immaculate 4 bedroom, 2 bath home in South Eastham, close to Fort Hill. This home has been totally remodeled over the last few years, making it a delight to see and a joy to live in. Hardwood floors, a granite kitchen, upstairs laundry, living room with a gas fireplace and lots of wonderful built-ins, and (drum-roll) a completely separate in-law apartment, with its own entrance. This apartment can be configured as a 1 bedroom or a 2 bedroom unit depending on Mom's needs.

Check out the YouTube video walkthrough and see for yourself.  Can you find the small dog?

This is a Coming Soon listing that will be entered into the Multiple Listing Service on March 1st, 2018. There will be no showings until then.

Friday, February 09, 2018

COMING SOON - Super Cute Eastham Condo

EASTHAM - Coming Soon New Listing - Super cute, turn-key, completely remodeled, inside and out, 1 bedroom cottage, with a new deck, storage loft, skylights, and a vaulted ceiling. In addition, we have a newer refrigerator, and newer furnishings and bedding. Outdoor shower. Town Water. This can be your Cape get-away and is ready for summer.

This is Pine Tree Condos, Unit 15, 1081 State Hwy

WHAT I LOVE ABOUT THE HOME - This is a lovely condo unit that provides a comfortable get-away from our normally busy world, all wrapped in a carefree, fully furnished package in one of the premier vacation destinations on the East Coast. Nice!

This listing will be posted on the MLS on March 1st, 2018. Showings will not be permitted until then.

For more information, photos, etc, go Here. 

Monday, February 05, 2018

New Listing - 3 Bedroom Lot - Great Location!

EASTHAM - New Listing - Level 3 bedroom building lot just a short distance to Bay beaches. This lot is on a public road and is among nicer homes. This is an ideal location for your larger 3 or 4 bedroom (4 bedrooms with an alternative septic system) dream home.

The address is 245 No. Sunken Meadow Rd. Go See!

#EasthamDreamHere

Thursday, February 01, 2018

February 1st Eastham Market Snapshot

#EasthamDreamHere  Here is the February 1st snapshot of the Eastham real estate market (single family homes). Sales for January were far above January 2017's sales. Inventory levels continue to be lower than we've seen in recent years.  I'm hoping inventories pick up such that we can have another really good year.  (Click on table to enlarge it for easier reading).

Thursday, January 18, 2018

The New Tax Bill and Eastham Real Estate

Homeownership and Taxes
The tax bill passed (and signed) at the end of last year will have a significant impact on your income taxes, going forward. There's a lot to absorb, including much to do with home ownership. The full impact will depend mostly on where you maintain your primary residence, but vacation and rental properties are also affected. Here goes...
  • ·   The maximum amount of deductible mortgage interest has been decreased for new (after 12/14/17) mortgages. The amount is based on how much of a balance you have on your mortgage(s), now up to $750K (formally $1M). 'Old' mortgages will stay at the $1M cap. The mortgage cap still includes both first and second homes. Yay!
  • ·   There is a now a maximum dollar amount of State and Local Taxes (SALT) that can be deducted. That maximum is $10K. This will dramatically affect those folks who live in high tax states. Generally speaking, this includes Massachusetts. The good news is that Eastham and the Outer Cape have relatively lower local taxes.
  • ·   Capital Gains rules for the sale of your primary residence remain unchanged. This is - you get a $250K ($500K if married and filing jointly) capital gains exclusion if you sell your primary residence that you've lived in 2 of the previous 5 years.
  • ·   IRS 1031 Like-Kind Exchanges, for residential rental properties, remain unchanged.
  • ·   Most rules for rental and investment properties remain unchanged
  • ·   Home equity loan interest will no longer be deductible.
Implications for Eastham Real Estate:
It's certainly difficult to predict what the impact will be, but a few observations are in order...
  • ·  In general - most folks should see a modest reduction in their personal income taxes and,hopefully, will spend more on life and leisure (and a new home in Eastham!)
  • ·  Folks who are heavily mortgaged may be less inclined to sell and buy again with the new $750K mortgage cap (vs the current $1M cap)
  • ·  Folks who live in high tax states may actually pay more Federal income taxes and have less disposable income to purchase a second home (unless they choose to make their new property a rental property).
  • ·  There are a lot of pieces and parts to the new tax code above and beyond what I have highlighted. My expectation is that it'll take some weeks for many folks to sort out what it means to them.

Tuesday, January 16, 2018

My 2017 Year-End Market Report Is Available Now

My February 2018 newsletter is available for download. This issue has my year-end 2017 market report. Also in this newsletter is my 2018 projections, the new Federal tax plan, a story on Nauset Newcomers, and a buyer testimonial. It also contains a link to my third video newsletter. 

This newsletter has been published every month for almost 15 years. My goal, with this newsletter, is to provide accurate sales and market information for the Eastham housing marketplace, to add commentary and opinion (as appropriate), and to keep it interesting. Download your copy of my February newsletter now.  #EasthamDreamHere

Wednesday, December 20, 2017

January 2018 Eastham Market Report

My January 2018 newsletter is available for download. This issue has my market report through November 2017. Also in this newsletter is my Year-end 'Preview', new way to access the MLS, news on the Dollar General store, and my Holiday message. It also contains a link to my second video newsletter.

This newsletter has been published every month for over 14 years. My aim, with this newsletter, is to provide accurate sales and market information about the Eastham housing marketplace, to add commentary and opinion (as appropriate), and to keep it interesting. Download your copy of my January newsletter now.  #EasthamDreamHere

Friday, December 01, 2017

Eastham Real Estate - December 1st Snapshot

#EasthamDreamHere  Here is the December 1st snapshot of the Eastham real estate market. Sales are below last year's levels (again), inventory is down (again).  Still looking for a pretty good year, but not a record year. The price message is that the median prices (YTD) are up 13.6%. Wow! (Click on table to enlarge it for easier reading).