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Why are some properties on the Cape selling for under $100,000? What are the circumstances?

  • August 10 2010 - Eastham
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Answers (4)

[link removed by moderator] Market update: 12 single family homes have Sold for $100,000 or less on Cape Cod since June. Many were distreessed properties.

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  • December 15 2010
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Also I am sure that these homes need a lot of work. Many of the second-homes don't get the attention they need from their property owners, since they are not living there full-time.
  • September 28 2010
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There have been 9 single family homes sold on the Cape in the last 6 months for $100k or less. 6 of them in Hyannis, 2 in East Falmouth and 1 in Buzzards Bay. These have been primarily year round homes. The 2nd home markets of the lower and outer Cape have not been affected by the Real Estate decline as much as the more year round areas of the Cape. However, all prices have declined in the last years.

  • August 11 2010
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Only the market.  The cape is always going to be depressed in a down market.  It is a second home community and will feel the pain more in this down market.  If you have to give up your primary home or vacation home which do you give up first? I remember hearing that nothing is worth over a hundred K on the cape in the early 1990's, however that was said of the back bay in the 1970's. The cape is place where the value is in the destination not where one needs to live to make their living.  It will come back and is a great place to live.
  • August 10 2010
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