Topics: Real estate

Waystack Reflects On 35 Years Of Building Trust

By: Alan Pollock

Named 2021 Massachusetts Realtor Of The Year HARWICH PORT — Richard Waystack, the newly minted Massachusetts Realtor of the Year, leans forward in his chair when he talks about his profession. Thirty-five years after he started selling real estate, Waystack now enjoys teaching people who are new to the industry, and his eyes light up when he talks about the key to the business. It’s the same mantra he li...

ORLEANS - As town assessor, Brad Hinote is in regular conversation with buyers, sellers, real estate agents and other assessors from across the Cape. When it comes to the local real estate market over the past 18 months, the response from everyone he’s talked to has been consistent. “We’ve never seen anything like it.” The ongoing real estate boom has turned the local housing market on its ear, and Hinote p...

Area Real Estate Sales Continue To Level Off

By: Tim Wood

Real estate sales in August continued to level off, indicating that that the market is returning to more normal levels after a super-charged pandemic year. In Chatham, single-family home sales dipped last month compared to July and were significantly lower than last August. Sales also dropped Cape-wide, but Harwich and Orleans were outliers, however, with both showing slight increases in closed sales in August...

It Can Take Two Years To Catch Up CHATHAM – These days, trying to match real estate sales with the town's property assessments is a bit like comparing apples to oranges. They don't even come close to matching up. Because assessments lag a year or more behind sales figures, there's always a disparity between the two. But in today's red-hot real estate market, that difference has grown wide enough to drive a ...

‘Mansion Tax’ Proposal Clears First Hurdle

By: Alan Pollock

CHATHAM — A proposal to levy a fee of one-half of 1 percent on transfers of real estate over $2 million, using the proceeds to support affordable and attainable housing, is one step closer to going before voters for consideration. Colloquially dubbed a “mansion tax” by sponsor Select Board member Jeffrey Dykens, the measure requires final approval by selectmen and the endorsement of town meeting before it co...

CHATHAM – The sale of single-family homes in town increased by more than 50 percent during 2020, reflecting an unprecedented year in real state sales Cape wide. COVID-19 was a major factor driving the super-charged market, with buyers seeking second homes away from populated areas. People nearing retirement age moving up plans to buy on the Cape also contributed to the increase in sales, said Ryan Castle, CEO ...

CHATHAM – For more than six decades, local theater enthusiasts have flocked to the Monomoy Theatre to see shows evoking a sense of Broadway in their backyard. Now, the future of the landmark is in jeopardy after recent health and safety violations prompted the University of Hartford to terminate its lease, which in turn has motivated the property owners to put the property up for sale in the coming weeks. The ...

CHATHAM – For more than six decades, local theater enthusiasts have flocked to the Monomoy Theatre to see shows evoking a sense of Broadway in their backyard. Now, the future of the landmark is in jeopardy after recent health and safety violations prompted the University of Hartford to terminate its lease, which in turn has motivated the property owners to put the property up for sale in the coming weeks. The ...

CHATHAM – A waterfront home on Stage Island played a role in the recent U.S. Justice Department tax fraud case against a Connecticut man. Hyung Kwon Kim, a South Korean citizen but a legal U.S. resident since 1998, pleaded guilty to failing to report more than $28 million kept in Swiss bank accounts. He was sentenced Jan. 25 to six months in prison and paid more than $300,000 in restitution to the Internal Rev...

Cape Codders Divided Over Rental Tax Proposals

By: Ed Maroney

HYANNIS — Some see it as a dedicated revenue stream that could help Cape communities pay for wastewater infrastructure. Others say it's an unreasonable burden on homeowners just trying to meet mortgage payments and property taxes. There seemed little room for consensus in the SRO hearing room at Barnstable Town Hall June 10, when hundreds turned out to tell state legislators what they thought of plans to tax...

CHATHAM – After 25 years in the energy industry, Jason Nye was too young to retire when he and his wife Kathy moved their family to Truro last fall. A “self-professed gym rat,” he found the perfect transition in the Chatham Health and Swim Club, which the couple purchased last month. “It's something I know and enjoy,” he said of the fitness business. When he met owner Carol Penfield, they not only hit it off b...

Sykes Properties Scheduled For Friday Auction Block

By: William F. Galvin

SOUTH HARWICH – Postponed once and canceled on another date, the auction of the mixed-use Sykes properties on Route 28 has been rescheduled for Friday. This time it will be an absolute auction, according to information provided by JJ Manning Auctioneers. “Selling individually and in the entirety with 815 Route 28 (adjacent 6,500-plus-square-foot mixed-use building) to the highest bidder, regardless of price,”...