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Falmouth Multi-Family Homes

Falmouth is located on the southwest tip of Cape Cod in Barnstable County. It is a seasonal resort town with many residents just visiting their vacation homes in the summer. The city is 77 miles south-southeast of Boston. At 3 1⁄3 miles to the north-northwest of Martha's Vineyard, the city is the closest point to the island. The city is comprised of multiple neighborhoods including the village of Woods Hole, which is the home port for The Woods Hole, Martha's Vineyard, and Nantucket Steamship Authority (SSA). The Steamship Authority is the statutory regulatory body for all ferry operations around Cape Cod, and it runs ferries to Martha's Vineyard and Nantucket itself. The SSA is the only auto-transporting ferry to Martha's Vineyard. It also operates freighters that bring commercial goods to Martha's Vineyard and Nantucket that are not flown to the island. The Woods Hole Oceanographic Institution (WHOI), the Woods Hole Research Center, the Marine Biological Laboratory (MBL), and NOAA's Woods Hole Science Aquarium are also located in Woods Hole. Falmouth also includes these other neighborhoods that are among the most expensive and popular neighborhoods in the city with the highest appreciation rates.

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This city's 13,567 housing units are 76.3-percent owner-occupied with a median home value of $390,020. The housing in this city has seen an appreciation rate of 70.03-percent since 2000. That is an average of 3.00-percent per year. Most of the homes in this city were built between 1970 and 1999 with 12.7-percent built before 1939, 31.9-percent built between 1940 and 1969, 44.7-percent built between 1970 and 1999, and 10.7-percent built since 2000. The housing units are 86.0-percent single family housing, 2.5-percent townhomes, 5.9-percent small apartment buildings, and 5.7-percent apartment complexes. The median rent is $2,077 per month with most rental units being studios.

The population is 31,473 with a mix of blue-collar and white-collar workers. However, the city does attract a large number of scientists including astronomers, geographers, and life scientists. The average daily commute to work is 24.2 minutes. In this city, 42.65-percent of the residents have a bachelor's degree or higher. The per capita income was $41,695, and the median household income was $68,444 according to the 2010 census.

Besides being a city with a seasonal population, about 24.0-percent of the housing units available in this city are rental properties. Having one of our knowledgeable and experienced real estate agent analyze an investment in this city and compare it with other cities will ensure you of the best return on your investment. With our large database, we will know as soon as property in this area is placed on the market. We can provide you with information on the potential return on your investment and the potential occupancy rate for that property. Our agent can advise you on current market trends, zoning restrictions, and potential development in the area. They can help you make an offer that puts you ahead of other potential buyers and then assist you in any negotiations with the buyer. Our goal would be to help you acquire the property at the best price while avoiding a bidding war. In a tight market like this one, a buyer's real estate agent helps to make the purchasing process more successful.

When selling real estate in this city with so few multi-family housing units available, a knowledgeable and experienced real estate agent can explore market trends to see if it is a good time for you to sell your property. They can help develop a market plan to sell your property quickly at a good price. A real estate agent can help you qualify offers and potential buyers. The highest bidder may not be the best choice, if they have to sell other property before they can close. If they delay or default on the closing, they delay your desire to sell the property quickly, and you may have lost other potential buyers while waiting on them. If you are ready to reduce the number of investment properties you own, a seller's real estate agent can help make the sale proceed more quickly, smoothly, and successfully.

For expert advice in a small seasonal market like this one, contact us to buy or list a multi-family property in Falmouth.

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