Steve Clay's Blog

A maintenance reserve: What an idea! In the midst of our country's major financial crisis and with daily news casts about both public and private credit debt, it is refreshing to see a condominium community that has wisely put money aside since its inception. So while other complexes defer proje...

Now that summer is winding down, it's time to do all those things that you wanted to do but somehow didn't get to. Although many of the summer activities will soon give way to special fall events, there is still time to take advantage of some summer activites. Click here for information on Lobste...

                                                      Dec. 31, 2008     May 15, 2009     July 31, 2009 Units on the market                          56                         76                      68 Average sales per month                  4.5                         3                        4...

The downward pressure on the sales prices of Cape Condos continues as the challenges of getting financing continue. The very same condo that I mentioned in May had a new buyer and a new lender and fell apart again at the last minute. This time it was about the buyer's income. Needless to say, the...

We recently had the sale of a condo at Sea Oaks in Mashpee, MA fall apart over the condo associations refusal to answer four questions that required an opinion or judgement. The mortgage provider had sent a form to the association's management company, American Properties Team of Woburn, MA. Amer...

An Overview of the 2009 Falmouth Condo Market (Through May 15)                                                                   December 31, 2008        May 15, 2009 Units on the market                              56                                   76 Average sales per month                  ...

This one bedroom, free standing condo had been on the market for nearly a year. The sellers decided to enter into a short-term lease with a couple who was renovating their home as long as they could continue to market the property. The tenants moved in and tastefully decorated their temporary ho...

We had another winter storm today, and although we did not get the foot of snow that some off-Cape communities received, we got a mix of ice and snow that made the roads quite treacherous. The good thing about a day like today is that it creates some unplanned "free time" to get some nagging proj...

You're probably asking yourself, "why in the world would comedian Ray Romano would ever consider buying a luxury condo in Cape Cod?" First of all, Mr. Romano is no stranger to Cape Cod. As a matter of fact, Mr. Romano was the Celebrity Guest Conductor for the 22nd Annual TD Banknorth Pops by the ...

I love Cape Cod and I love golf. In most years, "winter golfers" who have all the cold weather gear can get out once or twice during January and February. Not this year! Between snow and cold, my clubs have been stored away. Today it's going to be sunny, 37 degrees, with no wind. To those of you ...