Falmouth, MA Real Estate

If you want to rent or buy a home in Falmouth, MA, do yourself a favor and sign up with Boston City Properties! In a matter of seconds, you’ll gain access to one of the largest and most comprehensive online databases of MA property listings around. Our convenient search tool lets you zero in on the type of real estate that you need, whether it’s a single-family home, a condo, a townhouse or an apartment. With the ability to adjust filters for things like price and total square footage, zeroing in on viable options is quick and easy.

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Given its status as more of a vacation town than anything else, it’s easy to assume that this Cape Cod community’s property market should be easy enough to navigate. In reality, though, it can be just as fast-paced and competitive as those of much larger communities. If you seek a vacation home, such as a cottage, you should have plenty of options to choose from. If you need an actual, full-time home, however, you may find the pickings to be much slimmer. Either way, it pays to arm yourself with as much information as possible—and Boston City Properties is here to provide it.

With Boston City Properties, the help doesn’t end with access to our constantly updated database, which is populated with listings from reputable sources like the MLS. Our website is loaded with useful articles, interactive tools and other resources that let you make more informed and strategic decisions. What’s more is that we have connections with experienced residential property experts in this town and in communities across the Bay State, and we can give you a referral to one whenever you’re ready. With the help of a seasoned professional, finding something perfect to buy or rent will be a breeze.

Town Overview

Situated as it is near the southwestern tip of Cape Cod, this Barnstable County town is about a 77-mile drive from downtown Boston. Covered by the 02540 zip code, it had a population of around 31,500 at the time of the 2010 U.S. Census. This means that it is large enough to support a fairly robust residential property market. There is a major caveat, though: Situated as it is on Cape Cod, its market is skewed more toward vacation rentals and sales as opposed to regular homes. It is especially important, then, to have the help of a skilled professional. Boston City Properties can refer you to one when you’re ready.

Bordered by Vineyard Sound and Buzzards Bay to one side and the communities of Mashpee, Bourne and Sandwich to the others, this vibrant town offers unique and scenic surroundings. It is split up into several smaller hamlets, including New Silver Beach, Woods Hole and Quissett, and each one has its own distinct vibe. Whether you’re looking for a single-family home, a condo, a townhouse or even an apartment, all of these options are available in the local market. The question, of course, is actually finding one that’s available—and we can help with that.

Market Overview

Since it’s so far away from the hustle and bustle of metro Boston, it’s easy to assume that this town’s property market is much easier to contend with than that of the big city. That’s true to some extent, but this market poses its own unique challenges for buyers and renters alike. Most notably, of course, the market is dominated by properties that are designed to serve as summer vacation homes. At first glance, it may appear like there are lots of rentals; in reality, though, they are usually only available for short-term summer stays.

Throughout the entire town, records show that there are more than 13,600 residential properties. This figure is in line with the population of the town, but it also includes many properties that rarely go up on the market as traditional homes or rentals. Property values are traditionally high, and that has remained the case over the last several years. In fact, residential properties here continue to grow in value, so they present excellent investment opportunities for those who are looking for income in that area.

While the town has a fairly robust and active residential property market, its offerings aren’t exactly diverse. As noted previously, vacation homes are widely available and tend to dominate the market. As you will see, single-family homes are the most widely available, but that doesn’t mean that they are all traditional, year-round homes. Indeed, around 86 percent of this town’s more than 13,600 residential properties are classified as detached homes, but many of them are designed for and marketed toward vacationers. Only around 3 percent of the offerings are classified as townhomes or condos, and roughly 12 percent of residential properties here are apartments.

It is important to get a feel for a local market’s overall characteristics before searching for a home to buy or rent in earnest. For example, if you want to buy a home here, make sure that homes here tend to fall within your budget. Homes vary widely in price in this community, which means that there are options for many budgets. Around 25 percent of residential properties—the largest group—cost between $347,000 and $463,000. If you are looking for something that’s in that range, then, you should be able to choose from plenty of options.

Single-Family Homes

The vast majority of residential properties in this town are classified as detached single-family homes. However, many of these aren’t really suitable for year-round living and are more intended to be used as vacation getaways. You can easily zero in on single-family homes that meet your requirements by availing yourself of our convenient search tool, which lets you search our constantly updated listings in no time flat. Sometimes, a human touch makes an even bigger difference, and we can refer you to a local agent whose input is sure to make a huge difference for you during your search.

Lately in this Barnstable County town, homes have been listing for around $559,000. By comparison, the average list price for homes across MA is just $419,000, so properties here tend to cost more than the state average. Similarly, while homes sell here for a median sale price of $540,000, they sell for closer to $356,000 across the state. The cost per square foot average for the state, $242, is also much lower than this town’s average, which is $301. Residential properties here tend to be older, with around 44 percent having been built between 1970 and 1999. Approximately 10 percent of homes here were built in the year 2000 or later, however, so newer options are also available. In terms of size, homes here offer an average of around 2,100 square feet while townhomes and condos offer around 1,800 square feet.

On average lately, around 300 properties have been appearing on the local market at any given time. That is excessive, and it reflects the influence of the vacation rental market. Depending on the time of year, dozens of extra properties hit the market, but they are scooped up as vacation homes and rentals just as quickly. Properties here have been sitting on the market for more than 100 days on average, which is also excessive. It’s also a good sign for buyers because it means that sellers may be more willing to negotiate.

According to recent property records, around 38 percent of residential properties in this town are vacant. This would ordinarily be very bad news for home buyers and property investors alike, but it has far more to do with the vacation property market than the regular housing market. However, it’s wise to be aware of what property values are doing before buying a place. Only around 3.3 percent of properties here have negative equity versus more than 10.7 percent across the U.S., which is a good sign. Over the past year, properties here have appreciated by a rate of around 7 percent; over the next year, they are expected to appreciate by a rate of around 3.6 percent.

Even if you like the area and believe that it would be a nice place to own a home, it may be that Falmouth real estate doesn’t suit your needs or budget in general. This is where the help of a skilled local agent comes even more in handy as local professionals know the market well and can point you toward neighboring communities whose offerings are more in line with what you need. For example, while properties have been selling for around $619,000 in nearby Tisbury, homes over in Forestdale have been selling for closer to $315,000. Even when it doesn’t seem like it, then, you have options.

Condos and Townhouses

Finding single-family homes in this local market isn’t terribly difficult because they are the most widely available. However, if you want to buy a townhouse or condo instead—perhaps because you don’t want to deal with taking care of an actual property—your options are much more limited. Even so, you can search Boston City Properties’ listings to check current availability for townhouses and condos for sale and for rent in this town; we can refer you to a local agent who can assist in this regard too.

One significant benefit of buying a townhouse or condo rather than a detached single-family home in this market is that such properties tend to be more affordable. For example, the median sale price for a detached home, $496,000, is much higher than that for a townhouse or condo here, which is closer to $388,000. However, association fees and other charges often apply, and it’s important to keep them in mind while establishing your budget. Boston City Properties can refer you to a local agent with extensive experience concerning condos and townhomes, including the most popular local developments. Their help is certain to make a big difference and should allow you to find something suitable in no time.

You can search Boston City Properties’ listings for condos and townhouses for sale and for rent just as easily as you can search it for detached homes. Either way, the first step is signing up to search our listings. This only takes a second; just complete and submit the simple form, and you will be good to go. Navigate to our search tool to begin. First, select this town from the list; note that you can select more than one location to perform a broader search. Next, adjust filters for total square footage, price and other attributes to refine your results further. You can then explore the resulting listings to zero in on options that suit your needs. From there, contact us for a referral to an agent who can take you to look at properties on your list.

Apartments

Only around 12 percent of residential properties in this town are classified as apartments, so the town has around 1,600 apartments within its borders. Naturally, most of them will be occupied when you perform your search, so you may have fewer options to consider than you expect. Even so, with our help, you should be able to find apartments that suit your needs in terms of your budget and lifestyle. We have agents who specialize in the local rental market, and we can refer you to one whenever you are ready.

Some things to keep in mind regarding apartment rentals in this town include the following:

Affordability – There is no point in getting too serious about finding an apartment in a local market without first determining whether you can afford local rent prices. It bears repeating that the market here is somewhat skewed thanks to all of the vacation properties, and it’s important to confirm that a property is a traditional rental rather than a vacation rental before comparing prices. While the average rent for the state of MA has been around $2,500 lately, the average rent for this town is only around $1,600 per month. Prices, of course, vary by development and unit, but you can expect to enjoy some good deals while renting in this town.
Rental Market Size – The overall size of the rental market has an impact on how easy or difficult it will be to find what you need. Around 75 percent of residential properties here are owned; only around 25 percent of them are rented. That may not seem like a lot, but it suggests that properties other than apartments are rented out often enough. Therefore, if you want to rent a condo, townhouse or single-family home, you may be in luck.
Options and Features – If you are looking to rent a vacation home, of course, you can take your pick from a dizzying array of options spanning many prices and features. As far as traditional rentals go, however, the pickings are a lot slimmer. Most properties here are older, so they don’t tend to have the modern design features that are so ubiquitous across apartment developments in the big city. You are out of luck if you’re in the market for a luxury apartment as well because that trend hasn’t quite become a thing in Cape Cod yet.

If you are looking to rent an apartment or other property type in this Cape Cod town, Boston City Properties can help. After signing up for access to our searchable database, click over to the search tool to get started. As with searching for single-family homes, condos or townhouses, select this town from the list of locations to restrict your search there. Select additional towns, cities or Boston neighborhoods to perform a broader search. Input your preferences for things like price, size and total bedrooms and bathrooms, and you will have a list of highly relevant results on your screen before you know it.

How Boston City Properties Can Help

Whether you’d like to buy a single-family house or condo or rent an apartment, townhouse or other type of property in this bustling Cape Cod town, Boston City Properties has you covered. Even if you’re buying for investment purposes, we have experts who can guide you through to a successful closing that helps you realize the best return on your investment. With our help, buying or renting property here will be much easier than anticipated.

Don’t sell yourself short when looking for Falmouth, MA, real estate for sale or for rent. Cut to the chase and find what you need fast by signing up with Boston City Properties. After using our database to identify viable options, contact us for a referral to a local agent who can take it from there. In the meantime, please contact us for more information.

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