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gmoney
Joined: 27 Nov 2010
Posts: 2
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 Posted: Sat Nov 27, 2010 6:06 pm GMT Post subject: cape cod |
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| Have been looking at cape cod for investment/vacation home..centerville,dennis,yarmouth..any thoughts on those three areas?...not in a rush,a ton of inventory..hoping to land a good value |
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mpr
Joined: 06 Jun 2009
Posts: 344
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| Posted: Sun Nov 28, 2010 4:14 am GMT Post subject: |
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I'd check out recent sales, and figure out the months of supply.
I did this recently (for a certain town on the cape and price range) and found
it was something huge like 20 months. With that kind of number
you're guaranteed a drop in prices in the next year or two.
So I wouldn't buy now. Your "great deal" now is going to look very
ordinary in a year or two. |
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gmoney
Joined: 27 Nov 2010
Posts: 2
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| Posted: Sun Nov 28, 2010 4:27 pm GMT Post subject: |
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| excelllent point...I definitely don't think sales down there will be picking up any time soon!...will crunch some numbers...any thoughts on the aforementioned towns? |
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