BCP Cape Cod
BCP Cape Cod is on the front lines of the Cape Cod & Islands real estate market. We cover all areas of the Cape from the Bourne Bridge to Provincetown. We have expert agents on call 7 days per week to meet your real estate buying & selling needs.
- BCP Cape Cod
- 70 E. Falmouth Hwy
- East Falmouth MA 02536
- Email: firstname.lastname@example.org
- Site: www.bcpcapecod.com
Investing in Cape Cod Real Estate
On the eastern edge of Massachusetts is a summer vacation paradise. Cape Cod is a peninsula bordered by sandy beaches and deep ocean waters. People come from around the country to fish in Vineyard Sound, take whale-watching trips out of Hyannis and simply enjoy the breeze at the seashore. On a calm day, families take ferry rides to nearby Martha’s Vineyard and Nantucket.
Because of its popularity, this area has exciting possibilities for real estate investors. Many families are looking for summer vacation rentals. Retirees come to the region to enjoy a quieter lifestyle with a temperate maritime climate.
The Residential Market
When locals talk about their peninsula, they normally divide it into four segments: the Upper Cape, Mid-Cape, Lower Cape and Outer Cape. Each of these regions has a unique personality reflected in the type and cost of local housing.
Understanding the Upper Cape
This area is comprised of the communities that are closest to the Bourne and Sandwich bridges. The local towns include places like Falmouth, Woods Hole, Mashpee, Bourne and Sandwich. Although the western part of the area borders Buzzards Bay, this region has the most acreage without easy access to beaches. The amount of landlocked space means that this is the region with more affordable homes available.
Across the peninsula, the cost of housing is highly affected by water access. A home with views of the ocean or direct access to a beach will be significantly more expensive than the same house without these features. For this reason, many beach homes are of a smaller size. However, on the Buzzards Bay side of Bourne and Falmouth, you can find a few large multi-million dollar homes with beach access.
In the mid-range of expense, this region has many freshwater ponds with homes that are larger than vacation cottages. These properties are coveted by retirees who want a comfortable and beautiful place to live without dealing with the beach crowds in the summer.
Other options for investment properties are the growing number of condominium complexes and affordable housing projects that are going up in the area. Because many communities are trying to increase the number of affordable units, developers are looking for suitable land. A wise investor may look to purchase open land to sell for later development.
The Commercial Center: The Mid-Cape Market
While the upper and lower regions of the peninsula focus on relaxation, the mid-Cape towns like Hyannis and Yarmouth have the largest shopping and entertainment districts in the area. When you drive on the major streets you will find restaurants, mini-golf courses and many independent stores.
Going a little distance from the commercial areas, the residential market on the mid-Cape leans toward smaller vacation homes. You can find neighborhoods full of two-bedroom houses with cedar shingles that have been in families for decades. As new generations look for different vacation experiences, some of these quaint houses are coming on the market. Also, a few new homes are going up to meet the need for more modern and spacious accommodations.
The Lower Cape: A Quieter Life
Driving east out of Hyannis, you will reach towns like Truro, Chatham and Harwich. The Lower Cape towns have a more residential feel than other parts of the Cape. While there are lovely beaches and lighthouses in the area, more of the houses in these communities belong to full-time residents. The coastal town of Chatham has a developed shopping district with high-end art galleries and specialty shops. Other communities have more of the look and feel of traditional New England towns.
Although people tend to live in their homes longer than in other parts of the Cape, this is still an attractive real estate market for a wise investor. A common housing pattern is a couple that retires to the Cape in their sixties to live independently. As they near their eighties, they will choose to move out of the area to be closer to the support of family members. This reality means that there are regularly new homes coming on the market for an investor who is paying attention.
Provincetown and the Outer Cape
As you turn north and head up Route 6, the peninsula becomes much thinner, and homes are few and far between. Much of this territory is part of the national seashore. Provincetown is at the very end of the Cape and is a popular tourist attraction in the summer. In addition to driving to the area, Bostonians can take a ferry across the bay to this exciting destination.
Space is at a premium in this small community, and home prices reflect it. It is not unusual to find single-family homes that cost a million dollars or more. There is a small market for condominiums that are a more affordable option, though by no means inexpensive. Investing in real estate in the Outer Cape may be a challenge, but the popularity and the high-end market may offer an attractive return.
The Cape Cod Commercial Market
When most people think of commercial opportunities in this area, they think of hotels and vacation rentals. There are many ways that an investor can get involved in hospitality-centered properties. Vacation accommodations include resorts, hotels and weekly rental homes and cottages.
Property investors can also find small retail plazas and restaurants on the market. It is important to keep in mind that many of the hospitality and service-oriented commercial properties in the area are devoted to a single season.
At the same time, there are also commercial properties that cater to year-round services. Many of the residents of the peninsula are older and require local doctors, counselors and legal services. In every community, there are buildings designed to hold individual professional offices and small practices. The mid-Cape also has significant possibilities for retail space that caters to permanent residents.
Finding Your Next Property
Many communities in this area of Massachusetts are looking to attract younger people by developing new businesses. They are investing in better wireless internet infrastructure that will make remote work a possibility as well as supporting small business headquarters. By investing in property today, you will be well-positioned to taking advantage of these changes. Contact us to learn more specific information about this unique Massachusetts market.