Luxury waterfront Cape Cod properties are like gems. Or gold. Or fine art. They just never lose their lustre.
Properties all over Cape Cod are more than holding their own in these otherwise lean economic times. These homes and properties in many cases are growing in value – despite the slowdown in the real estate industry around the country. In Cape Cod real estate offerings that run from $2 million all the way up to a recent $32-million deal, sales are as good as – if not better than – they have been in the previous five years.
You hear all this negativity in other areas of the real-estate business, but it is not hitting the luxury second-home market in Cape Cod. In fact the interesting thing is that the highs are higher than they have ever been. Virtually everything on the water, particularly salt water or a salt-water view is always in high demand.
Cape Cod properties listed from $5 million up is really hot and in contrast to other areas of the state that saw decreases in real-estate values last year, luxury waterfront Cape Cod homes enjoyed an extraordinary year.
High-end Cape Cod real estate in many markets around the world has sold in record numbers and at record prices.
Recent news stories about Cape Cod condo prices have failed to report on the robust sales accomplishments in the luxury real-estate sector. The high-end market of Cape Cod real estate continues to outperform expectations.
Cape Cod is a great destination to buy property. Cape Cod has become a very sophisticated destination. It is becoming a cultural centre; the business community is very lively; the towns are developing growth-incentive zones. All this makes the peninsula an excellent place in which to invest in property and will bode well for the future.
Across the board – from moderate homes to sprawling seaside mansions – Cape Cod real estate is hot property. While different areas have experienced a more sluggish market over the last twelve months, sales – especially for Cape Cod property ? have been bucking the trend.
Cape Cod luxury waterfront properties are faithfully holding and increasing their value. Because the stock market has been so unpredictable, people with money to invest find that quality Cape Cod real estate is always worth obtaining.
Quality Cape Cod homes, located literally anywhere on or near the water, are exceptionally valuable – especially because the supply is limited, Realtors say. There simply is not much open or available acreage. And regulating forces are limiting the supply further through zoning and conservation. As a result, even Cape Cod properties in need of attention – whether restoration, remodelling or, as can often be the case now, destruction to make room for a mega-mansion – are well worth the investment.
You cannot escape the forces of nature, and you cannot resist the forces of economics. The underlying worth is still here. Cape Cod is the place to be.