It’s been too long since I sent you a newsletter, but the time has come for me to remind you that I’m still here selling houses, and want you to know what’s going on in the lower Cape market.
I hope to get these to you on a more frequent basis, but as always, if you find them intrusive, or just don’t want to receive them, let me know. I hope you’ll find what I say helpful and maybe interesting.
There has been so much change in the last 2 years. It’s staggering! Right now, there are more than 250 single family homes on the market in Chatham alone. In my 21 years, that’s the highest number ever. And I can’t understand why.
There’s a definite dichotomy in that scenario. It’s a fact that Chatham homeowners are, for the most part, pretty solid. Many houses have no mortgage or if any, a small, manageable one. That’s possibly the main reason that Chatham prices have remained higher than most other towns on the Cape. Owners didn’t have to sell. If they were selling, they could keep their house until they got the price they were satisfied with.
That’s a fact. So why, all of a sudden, are here more houses on the market than ever before? Perhaps you, the typical Chatham homeowner can tell me. I’ve heard of some instances where owners had to sell because of traumatic changes such as job loss, but can this sudden spurt in the number of houses for sale be att1ributed to job
loss? I certainly hope not. I think people/owners are just becoming anxious. We all want this economic slide to be over with and have arrived at a point where they are ready to move on. Perhaps sell here and buy something in a warmer climate, or in an area where prices have taken a real dive. That’s an entirely plausible reason. I know of a number of people who are looking at the Carolinas or Georgia or Florida. Then there’s the other direction. We’ve lost several Chathamites to the great (but cold) state of Maine.


You can reach me most hours of most days in one of the following ways:
Mail: John C. Ricotta & Associates
1181 Main Street
Chatham, MA 02633
E-mail: al@ricottarealestate.com
or: alcurt@comcast.net
Office phone: 508-945-5000 x 16
Home phone: 508-430-0616
Cell phone: 508-237-0998

Enjoy.