Seasonal Price Shift?

Buyers and sellers alike often ask if prices decrease during the winter on the Outer Cape. It’s a good question, but the answer is contrary to what you might expect. Even though our local population diminishes during the cooler months, the real estate market on the Outer Cape is active year round. We never see a seasonal shift in pricing deflating some buyers hopes that if they wait for the winter, they will get a better deal. In fact, one of our busiest periods traditionally falls in January, right after New Year’s. Determined buyers often begin their search during the winter months so that they can be assured of summer occupancy in their new properties. Also, many buyers receive sizable year end bonuses that can provide the down payment needed to make the dream of owning on the cape a reality.

We tend to see a slight increase in market inventory immediately following the summer season. Another ‘trend’ that we have seen is increased activity in the Commercial market during the winter months. Future business owners shop for and purchase property during our quiet months in order to allow themselves enough lead-time to prepare for the summer crowds.

The best time for you to buy is when you find the perfect property and your gut tells you so! Remember, that in addition to being the ideal summer destination, the Outer Cape is a beautiful and restful place to visit in the off-season.