My January 2019 Newsletter Is Available Now

My January 2019 newsletter is available to download. This issue has my Eastham market report through November 2018. Also in this newsletter is a story about the upcoming Eastham 400 celebration, the American Warrior Real Estate Professional, an ocean-side new listing, and Video newsletter #14.  

This newsletter has been published every month for over 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 January 2019 newsletter now.

New Listing - Pristine 4 Bedroom Ocean-side Cape

EASTHAM - New Listing - Looking for that pristine updated 4 bedroom Cape, just a few hundred feet to the Bike path and just a short ride to the Seashore and Nauset Light? This home has hardwood floors throughout, granite counters, a spacious family room with skylights, 3 bathrooms, a living room with fireplace, a one car attached garage, large shed, and landscaped lawn. 

This is the perfect home to enjoy Cape summers, weekend getaways, your retirement, or simply as a family rental. Dream Here!. 

More - photos, Virtual Tour, map - go to http://95SparrowhawkLane.robertsheldon.com.

Eastham Market Snapshot - December 1st, 2018

Here is the December 1st snapshot of the Eastham real estate market (single family homes). We had 20 sales for November, up 5 from October. Year-to-date sales are now up, about 5% from last year.  Inventory levels are starting to enter the winter 'slump', at 67 (down 8), relatively low when compared to some prior years.  As the Holiday season begins, the number of active Buyers starts to slow, as expected. (Click on table to enlarge it for easier reading).

My December 2018 Newsletter Is Available Now

My December 2018 newsletter is available to download. This issue has my Eastham market report through October 2018. Also in this newsletter is a story about a recent Edward Hopper painting auction sale, an ocean-front new listing, and Video newsletter #13.   This newsletter has been published every month for over 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 December newsletter now.

New Listing - Amazing Atlantic Waterfront Home - Must See!

EASTHAM - New Listing - Imagine the open Atlantic Ocean as your front yard. Now imagine a sunrise over water, whales and seals, beachgoers, and the unmuffled sounds of ocean waves. This home is a wonderfully updated (2017), decorated and maintained 3 bedroom, 2 bath ranch deep in the Seashore, beyond the Nauset Light lighthouse. Updates include new high-end kitchen, new roof, furnace, AC, more. Well worth the trip to see it. Dream Here!

I love the location - the views are mesmerizing. Perfect for those stress-free get-aways. Dream Here!

More - photos, Virtual Tour, map - go to http://157-BrownellRd.robertsheldon.com.

Eastham Market Snapshot - November 1st, 2018

Here is the November 1st snapshot of the Eastham real estate market (single family homes). We had 13 sales for October, up 3 from September. Year-to-date sales are down about 7% from last year.  Inventory levels are at 75, relatively low when compared to prior years.  I'm expecting inventories to start now to diminish as we get to the slower winter months. And, the number of Buyers starts to slow, also. (Click on table to enlarge it for easier reading).

My November Newsletter Is Available to Download

My November 2018 newsletter is available to download. This issue has my Eastham market report through the 3rd quarter of 2018. Also in this newsletter is a 'new' New Listing chart, a new texting marketing strategy, and 6 new listings. There is also a link to my latest video newsletter (#12). 

This newsletter has been published every month for over 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 November newsletter now.

New Listing - 3 Bedroom Ranch with Deeded Beach Rights

EASTHAM - New Listing - If location is important (duh!) then this home has it big time. It has been a great rental for many years due to its location about a third of a mile from 2 private deeded Association beaches on beautiful Cape Cod Bay. We have 3 bedrooms, an open living/dining/kitchen area, and 2 large decks, Additionally, this home is on almost an acre of wooded land on a quiet dead end sand road. There is a large shed/workshop/studio also on the lot. Being sold completely turnkey.

I love the location - so close to Cape Cod Bay. I love that it's been a reliable rental property. I love that it sits on a large parcel of land in a quiet area, so that it's perfect for those stress-free get-aways. Dream Here!

More - photos, Virtual Tour, map - go to http://3QuasonCt.robertsheldon.com.

New Listing - Delightful Contemporary Cape

EASTHAM - New Listing - Here's a 2 bedroom Contemporary Cape on a very private Bayside half-acre that you'll want as your Cape escape! There's a wonderful master bedroom, two large decks, updated bathrooms, open floorplan, partially finished basement and much more. A great rental!

You'll love the master suite with it's own private office space. You'll love the complete privacy of the location. You'll love the openness of the living space and the size of the bedrooms.

More information?  Go to http://335GovPrenceRd.robertsheldon.com to see a Virtual Tour, a map, and more photos. Dream Here!

October 1st Eastham Market Snapshot

Here is the October 1st snapshot of the Eastham real estate market (single family homes). We had 10 sales for September, down 2 from August. Year-to-date sales continue to be down about a 3% from last year.  Inventory levels are at 77, relatively low when compared to prior years.  I'm expecting inventories to continue to improve as the fall listings continue to come on the market. And, I'm still looking for more of those summer buyers.  (Click on table to enlarge it for easier reading).
  

My October 2018 Newsletter is Available Now!

My October 2018 newsletter is available to download. This issue has my Eastham market report through August 2018. Also in this newsletter is a drone video of the Nauset Light Beach within the National Seashore, a summary of 2019 property taxes, and 3 new listings. There is also a link to my latest video newsletter (#11). 

This newsletter has been published every month for over 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 October newsletter now.

New Listing - Bayside 4 Bedroom Cape - Great Neighborhood

EASTHAM - New Listing - This is a 4 bedroom, 2 bath Cape home that can be your vacation, retirement, or year-round residence for years to come. In need of an update, but otherwise a solid home. Hardwood floors, open living/dining area, fireplace, full basement, 1-car garage off a breezeway, large fenced yard, natural gas, and back patio. Lot's of potential, and priced attractively. Dream Here!

For more information, a Virtual Tour, and more photos, go to ... http://15JoshuasWay.robertsheldon.com.

Eastham 2019 Tax Information Is Now Available

I met with Belinda Eyestone, the Eastham Town Assessor. Eastham's 2019 assessment data is available now. You may have already received your tax bill - I have! She gave me the 'highlights'. A few data points...

• The 2019 assessment information is intended to represent home values as of 1/1/2018
• The median single family residential home assessment for 2019 is $427,400, up 3.6% from the 2018 median assessment
• The average assessed value is $495,268 (up 3.7%)
• There were 5,137 single family homes in Eastham as of 1/1/2018  (up 12 from 2017)
• The total assessed value for Eastham's single family residences is $2.544 Billion (up 3.9%)

The 2018 real estate tax rate for Eastham will be $8.25/thousand (down 10 cents). The tax on the median-valued home will be $3,526.

The 2019 assessments for individual homes should be available soon on the Town of Eastham website.  

New Listing - Delightful Bayside Cape - Private & Close to Everything Eastham

EASTHAM - New Listing - If you are searching for the perfect Cape Cod retreat for your family, then this home is what you are looking for. Nestled on a sunny, secluded 2/3 acre lot, this 3 bedroom, 2 bath expanded Cape is just a short walk to Kingsbury Beach and Great Pond. The Cape Cod Rail Trail is just up the street. Downstairs is an open kitchen/dining/living room, a larger bedroom and an updated bath as well as a vaulted family room with a wood stove. Upstairs are 2 more bedrooms and another bath. Wood floors throughout. Outdoors is lots of decking, wonderful landscaping, two sheds, and an outdoor shower. This home has been a great rental and can come fully furnished. Dream Here!

Want more - info, photos, Virtual Tour - go to http://620KingsburyBeachRd.robertsheldon.com

Eastham New Listing - Wonderfully Secluded Bayside Cape

EASTHAM - New Listing - Wonderfully updated 2+ bedroom home on a quiet sand road, but close to the bike path and with easy access to Eastham's Bay beaches. Open living/dining/kitchen area with fireplace, vaulted ceilings, wide plank wood floors, a bedroom and a den area - all on the first floor. Upstairs is a beautiful large master suite with updated bathroom. Out back, through the dining room sliders, we have a large deck for grilling and enjoying the afternoon sun. Larger 2 car garage with large unfinished room upstairs for storage. This gem is nestled in the woods and provides complete privacy for your family to enjoy. Recent Improvements - Newer roof (2007), windows (2009) furnace (2013), siding (2009), bathrooms (2017, 2018). Dream Here!

For more photos, info, and a new 3-D Virtual Tour, go to http://50GrandfathersWay.robertsheldon.com.

Eastham Market Snapshot - September 1, 2018

Here is the September 1st snapshot of the Eastham real estate market (single family homes). We had 10 sales for August, up 2 from July. Year-to-date sales continue to be down about 10% from last year.  Inventory levels are roughly level at 70, relatively low when compared to prior years.  I'm expecting inventories to continue to improve as the fall listings come on the market. And, I'm still looking for those summer (now fall) buyers.  (Click on table to enlarge it for easier reading).

My September Eastham Newsletter Is Available Now!

My September 2018 newsletter is available to download. This issue has my Eastham market report through July 2018. Also in this newsletter is my mid-year 2018 update for Eastham's neighboring towns. and a wonderful pond-front new listing. There is also a link to my video newsletter (#10). 

This newsletter has been published every month for over 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 September newsletter now.

Amazing Waterfront on Great Pond - Private Beach

EASTHAM - New Listing - Waterfront on Great Pond, with it's own private sand beach, is this wonderful 3000 sqft, 4 bedroom, 3 bath Cape. We have an open floorplan with an expanded family room, a new kitchen, 2 new and 1 updated bathrooms, and 4 larger bedrooms. Upstairs over the family room is a large office space. This home has amazing pond views, a private beach, and a huge lawn.

More information, and photos - go to http://35BeehiveRd.robertsheldon.com . Also, check out this 3-D Virtual Tour ... Here.

Dream Here!

Eastham Real Estate Snapshot - August 1, 2018

Here is the August 1st snapshot of the Eastham real estate market (single family homes). We had 8 sales for July, half the number of June. Year-to-date sales are down about 10% from last year.  Inventory levels are roughly level at just under 70, relatively low when compared to prior years.  I'm expecting inventories to improve as the fall listing come on the market during mid-to-late August. And, I'm still looking for those summer buyers.  (Click on table to enlarge it for easier reading).

My Mid-Year 2018 Market Report is Available for Download

My August 2018 newsletter is available to download. This issue has my Eastham market report through Mid-Year 2018. Also in this newsletter are articles on Code-Red, the HGTV Effect, an animated video on the depths of the oceans, and a few new listings. There is also a link to my video newsletter (#9). 

This newsletter has been published every month for over 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 August newsletter now.

New Listing - Ocean Side 3 Bedroom Cape w/Large Garage

EASTHAM - New Listing - Endless possibilities to enhance this sizable, 3 bedroom 1 bathroom charming Cape style home complete with a 2 car garage (PLUS an unfinished second level above garage). The first floor level of the home includes a HUGE light and bright living room, dining area, office, kitchen and main bedroom. Also on the first floor is a laundry area. Further two bedrooms on second level. Large level lot with mature shrubs. Close to Nauset Light Beach. Dream Here!

More information, photos, and a Virtual Tour - go to http://1180OldOrchardRd.robertsheldon.com

My July 1st Eastham Real Estate Snapshot

#EasthamDreamHere  Here is the July 1st snapshot of the Eastham real estate market (single family homes). We had 16 sales for June, the same as May, but down one (1) from June 2017. The year-to-date is down about 9% from last year.  Inventory levels are improving and are more than 'keeping up' with the slower  sale.  I'm expecting inventories to continue to improve, but my larger hope is that summer brings more buyers.  (Click on table to enlarge it for easier reading).

My July 2018 Eastham Real Estate Update

My July 2018 newsletter is available to download. This issue has my Eastham market report through May 2018. Also in this newsletter are articles on the Eastham Part-time Residents Taxpayers Association July Meeting, a video on beach camfires in the Seashore, an article on quitclaim deeds (used almost exclusively on Cape Cod), and one new listing. It also contains a link to my eighth video newsletter.

This newsletter has been published every month for over 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 July newsletter now.

New Listing - Updated 4 Bedroom Bayside Raised Ranch

EASTHAM - New Listing- Looking for a larger home in a quiet neighborhood, about a mile to the Bay? This is a 4 bedroom, 2.5 bath home with open living/dining room, updated kitchen, gas fireplace, tankless hot water, 2 car heated garage, large outdoor shower, larger wooded lot bordering 18 acres of Town conservation land. This home needs to be seen. Dream Here!

Want more info, photos, Virtual Tour? - Go .... Here.

Eastham - New Listing - 4 Bedroom Updated Ocean Side Cape

EASTHAM - New Listing - This is a completely updated 4 bedroom, 2 bath, ready to be your perfect vacation or retirement home. We have a new granite and stainless kitchen, wide plank white pine floors, AC, Town water,natural gas, gas fireplace in living room, mahogany back deck off of dining area, small deck off the upstairs master bedroom. Full basement with a 1+ car garage and room for a 'summer' or collector's car. Updates include a newer roof, new windows, new gas heat. Outdoors we have an outdoor shower, a hot-tub, and a garden shed. All this on a private, paved, cul-de-sac with Town plowing.

More information?  Go to http://350GlacierHillsRd.robertsheldon.com. Also, check out the new 3-D Virtual Tour ..... https://my.matterport.com/show/?m=tC6EKTT6Viu.

My June 1st Eastham Real Estate Snapshot

#EasthamDreamHere  Here is the June 1st snapshot of the Eastham real estate market (single family homes). We had 16 sales for May, up from April's 7, but down considerably from May 2017's 21. This indicates a continued slower year, but improving.  Inventory levels continue to be lower than we've seen in recent years, but also improving.  I'm expecting inventories to continue to improve somewhat as summer approaches. (Click on table to enlarge it for easier reading).

My June 2018 Newsletter Is Available to Download

My June 2018 newsletter is available to download. This issue has  my Eastham market report through April 2018. Also in this newsletter are articles on the results of the Eastham Town Meeting, the Cape Cod Blue Economy, and a video from my recent trip to Cuba. It also contains a link to my seventh video newsletter.

This newsletter has been published every month for over 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 June newsletter now.

New Listing - 3 Bedroom Cape - Walk to Cooks Brook Beach

EASTHAM - New Listing - We have a like-new 3 bedroom, 2 bath Cape home, under a half mile to Cooks Brook Beach. On the 1st floor is an open floorplan with kitchen/dining/ living room with a wood burning fireplace, rear deck, vaulted ceiling, and hardwood floors. Also on this floor is a good-sized bedroom and a full bath. Upstairs are 2 more bedrooms and another full bath. Full basement with interior access and bulkhead. Oil heat. Nicely tucked back from the road, yet so close to the beach. Dream Here!

More photos, more info, just more.... !  Go to http://305SilverOakRd.robertsheldon.com

New Listing - 3 Bedroom Ranch - Walk to Bay Beaches

EASTHAM - New Listing - This is a well-maintained 3 bedroom, 2 bath ranch home with deeded access to a private association beach. We have a larger dining/kitchen area, a light and bright living room with a fireplace, 3 good-sized bedrooms, and an updated bathroom. Also on the first floor is a laundry space and access to the 1 car attached garage. Downstairs is a full basement with a larger finished family room and another full bath. The spacious back deck, off the dining area, has a newer awning. All this on a level half acre with a cute shed on a quiet private road. Dream Here!

For more information - go to http://55HoytRd.robertsheldon.com.

New Listing - 4 Bedroom Ranch - Short Walk to Bay

EASTHAM - New Listing - Come see this 4 bedroom ranch just a short distance to Campground Beach. We have a completely open floorplan with a large main living room with wide pine floors and ceiling fans, with a large front-to-back master bedroom, and 3 smaller bedrooms. This home has been nicely updated but awaits your special touch. Large front deck, 2 car garage, gravel driveway, front lawn. Dream Here!

For more info, go to http://630CampgroundRd.robertsheldon.com

New Listing - Spectacular Waterfront on Cape Cod Bay

EASTHAM - New Listing - Does the word 'spectacular' seem too strong? This home sits at the very end of Kingsbury Beach Rd, steps from the beach. Protected by a reinforced sea-wall, this 4 bedroom 2002 home has been a delight to the returning renters year after year. We have a stainless and granite kitchen, natural gas fireplace, vaulted ceilings, skylights, large screened in porch, and insane views (perfect sunsets every night). Spend your summer evenings strolling your private beach, wash off in the outdoor shower, then sip your favorite beverage on your screened porch. It gets no better than this. A exceptional rental at roughly $80K/yr, including some off season weeks into October. Dream Here!

Photos, a Virtual Tour, a map - go to http://1150KingsburyBeachRd.robertsheldon.com. 

New Listing - Updated 4 Bedroom Cape - Amazing New Kitchen

EASTHAM - New Listing - Do you appreciate amazing? Then you must see the brand new professional kitchen (high end appliances, fabulous granite island, wonderful cabinets), the new 3-season screened in porch, and the wonderful outdoor spaces (a new deck and patio). The current owners have also updated the bathrooms, the floors, and the landscaping. Also, Central A/C, natural gas heat, gas fireplace, hardwood floors. Detached 2 car garage with space above. This home is truly a pleasure to show. Dream Here!

More? Go to http://40SerbSt.robertsheldon.com. Photos, Virtual Tour, Map. 

New Listing - Large 5 Bedroom Gambrel Cape

EASTHAM - New Listing - Looking for a large comfortable home to retire to, or to use as your vacation getaway? We have a 5 bedroom, 2 bath Gambrel Cape on a quiet public road in North Eastham, on a level wooded lot. Plenty of room for outdoor activities on the large deck or the side and back yards. Dream Here!

For more information, more photos, and a virtual tour, go to http://285HarvestRd.robertsheldon.com . 

May 1st Eastham Real Estate Market Snapshot

#EasthamDreamHere  Here is the May 1st snapshot of the Eastham real estate market (single family homes). We had only 7 sales for April, indicating a continued slow, but improving,  winter season, with most of these transactions beginning before the ugly March snows.  Inventory levels continue to be lower than we've seen in recent years, but also improving with the weather.  I'm expecting inventories to continue to improve now that a 'real' spring is upon us.  (Click on table to enlarge it for easier reading).

My May 2018 Newsletter Is Available Now

My May 2018 newsletter is available to download. This issue has  my Eastham market report through 1Q 2018. Also in this newsletter  are articles on the Eastham Town Meeting and a new short-term rental tax, It also contains a link to my sixth video newsletter.

This newsletter has been published every month for over 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 May newsletter now.

April 1st Snapshot of the Eastham Market

#EasthamDreamHere  Here is the April 1st snapshot of the Eastham real estate market (single family homes). We had only 3 (three) sales for March, indicating a continued slow (VERY slow) winter season.  Inventory levels continue to be lower than we've seen in recent years, and holding steady.  I'm expecting inventories to improve once we're sure that the snow is over - providing the fuel for another pretty good year.  (Click on table to enlarge it for easier reading).

My April 2018 Newsletter Is Available Now

My April 2018 newsletter is available to download. This issue has  my Eastham market report through February. Also in this newsletter are articles on the new Home Equity Line of Credit 'rules', new video walkthroughs, a short video on winter storm Riley, and 3 new listings. It also contains a link to my fifth video newsletter.  

This newsletter has been published every month for over 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 April newsletter now.

New Listing - Gorgeous 2 Bedroom 2.5 Bath Home - Steps to Beach

#EasthamDreamHere - EASTHAM - New Listing - Incredibly beautiful custom-built 2 bedroom, 2.5 bath home with many extras - granite & stainless kitchen, skylight/dormers, vaulted ceilings, 2 fireplaces, 2 decks, Central AC, high ceilings & wide board hardwood floors. recessed lighting, 2 'Master' bedrooms. Upstairs laundry. All just a short distance from your private association beach. Full basement. Much more. Dream Here!

Check out this walkthrough video ..... Here.

March 1st Snapshot of the Eastham Real Estate Market

#EasthamDreamHere  Here is the March 1st snapshot of the Eastham real estate market (single family homes). We had only 1 (one) sale for February, indicating a slow (VERY slow) winter season.  Inventory levels continue to be lower than we've seen in recent years, but improving as spring finally gets here.  I'm expecting inventories to improve over the next month or so - providing the fuel for another pretty good year.  (Click on table to enlarge it for easier reading).

Immaculate 4 Bedroom Ranch w/ In-Law Apartment

EASTHAM - 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? Check out the listing, with lots of professional photos ... Here.

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

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

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. 

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

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).

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.

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