A FAST START
The first 2 months of 2012 are off to a very positive start. Nantucket real estate sales have expanded 47% in transactions and 64% in dollar volume over the same time period of 2011.
Although it is a bit early to suggest this will be harbinger for the entire year it is a heartening sign. In addition there are some other metrics that point to an improving market. This chart is a snap shot through the end of February:
Over the last 2 years inventories are down and contracts and sales up. As result the pace of price reductions has slowed. All these factors point to an improving sales market. Today Buyers still have a great opportunity to buy. If the above trends continue, that window maybe closing.
About five years ago, Neil Leifer and Ellen Carno decided to build a vacation home on Cape Cod and wanted a place within biking distance of the fast ferry from Boston to avoid summer traffic. Provincetown was too busy, they said, so they narrowed their search to the Truro area.
Want to sell your home fast? Maybe you should list it for over $30 million.
The mortgage-holder of Sherburne Commons has foreclosed on the South Shore Road assisted and independent living facility, and scheduled an auction of its buildings and assets for Oct. 6 on the 20-acre town-owned property.
Internet stocks and small-cap shares tumbled, sending the Nasdaq Composite Index near a one-month low, as investors sold some of the bull market’s best performing shares.
The National Association of Home Builders' Remodeling Marketing Index (RMI) for Q2 2014 has a composite score of 56, up three points from Q1. A reading over 50 indicates that more homeowners and remodeling firms are reporting renovation activity versus inactivity.