Eastham New Listing - Cute Seashore Cottage

This 3 bedroom cottage has been completely redone and is super-cute from top to bottom. Wood floors, updated kitchen, wonderful upstairs sleeping area, wood stove, large rear deck, sun porch, 1 car garage, & full walkout basement. Best of all - this house is deep within the Seashore and less than a mile to Coast Guard Beach.

Go to http://695NausetRd.robertsheldon.com for more photos. Also, check out the Virtual Tour and the a Google map.

Thank You Neil

Neil Armstrong - We'll always remember your moment.

RIP - 8/25/2012

My September Newsletter Is Available Now

My September 2012 newsletter is available now! This issue of my newsletter has the mid-year sales report (Part 2) for Eastham, and neighboring towns. Additionally, you'll find articles on your taxes, historically low mortgage rates, and 2 new listings. 

This newsletter has been published every month for over 9 years. My aim, with my 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 September newsletter now.

Dolphins Strand on Eastham's Thumpertown Beach

A pod of dolphins that were in Wellfleet harbor were coaxed out of the harbor only to strand themselves on Eastham's Thumpertown and Kingsbury Beaches. There appeared to be about 10 dolphins in all, one succumbing to the incident, with the other 9 being rescued. The video below is from the Cape Cod Times.

New Listing - Wonderful Contemporary Home

Eastham - New Listing - Wonderful 3 bedroom Contemporary home with lots of extras. Newer roof, updated kitchen and baths, first floor master suite, wide-open floor plan, first floor laundry, ductless A/C, huge Trex deck and screened in porch, large 2 car garage. All with great landscaping and on a quiet cul-de-sac on Eastham's ocean side. E-Z one-floor living at it's best. Listed at $579,000.

For lots of photos go to http://25TwinRocksDr.robertsheldon.com.  For a Virtual Tour .. click Here.

New Federal Real Estate "Sales Tax" Coming

The current incarnation of ObamaCare has a little-understood, and often mis-represented, provision for a 3.8% sales tax on home sales. The fear is that this is just 'one-more' tax that will eat into what we've managed to hold onto through the years, over and above the capital gains tax. (Note: The familiar capital gains exclusion of $250K, $500K for married couples, doesn't apply for second homes.) 

A deeper understanding of this provision should give many of us (but not all) a bit of relief, since only the top earners are directly affected. Unfortunately, second home owners will more likely fall into this group.  Like most tax provisions, the details will make your hair hurt, but you ought to see how it'll affect you. Read this article from Inman News... Here.

Eastham's July Sales - OK

Eastham's July sales were back to 'normal' after a huge June. July's sales reflect the activity during the late spring and early summer. The details..

• There were 9 homes sold in Eastham in July, down from June's amazing 20 sales.
• Total sales were approximately $4.2M - the average home sale price was $472K
• The median sale price in July was 410K.
• There are currently 125 active single family listings in Eastham, with an average list price of $634K and a medium price of $450K.
• The average days-on-market is currently 219 days.

For more details, graphs, and commentary, download my latest monthly Eastham newsletter -- here. I've been publishing this newsletter for over 9 years with the goal of providing market information to my clients, so they may approach the market from a more informed position. Check it out!