Today, we’ll continue our look into local real estate markets with large gay and lesbian communities with Provincetown and Cape Cod, Massachusetts – the gay East Coast resort town. HereÃ¢â‚¬â„¢s a sampling of whatÃ¢â‚¬â„¢s going on in the Cape Cod real estate market at the moment:
SeasonÃ¢â‚¬â„¢s earnings up for most, but not all, businesses in Provincetown (Wicked Local):Ã‚Â Just as location, location, location is the secret in real estate, the weather usually holds most of the cards in determining the success of the Outer Cape tourism industry.Ã‚Â This year, an almost unbroken spell of hot, sunny weather is being credited with what many business owners said was a good summer season in general and a terrific one compared with last year, when an economic recession kept visitors away from Provincetown and trimmed spending among the ones who did come. While the recession hasnÃ¢â‚¬â„¢t retreated completely, the economy seems to have at least stabilized, albeit at lower levels, helping convince tourists that a vacation was due.
Home sales heat up in August (Cape Cod Times): After a disappointing July, Cape Cod real estate numbers took a turn for the better last month, according to two reports released yesterday by the Cape Cod and Islands Association of Realtors and the Barnstable County Registry of Deeds. Ã‚Â “This is good news,” said Doug Azarian, an agent at Kinlin Grover Real Estate in Falmouth and a former president of the Massachusetts Association of Realtors. “I am seeing, and I think we are seeing across the Cape, increased activity.”
Airport commission stands in the path of prosperity (Cape Cod Online): Most Hyannis-area residents would agree that the Capetown Plaza is an outdated eyesore. Your Sept. 11 article “Developer eyes Capetown Plaza remake” relates interest by a real estate developer in acquiring rights to the property with plans to do a major makeover – certainly good news in the eyes of most readers. But no, the airport commission, which apparently supervises the municipal property, immediately throws down a marker that it would take many years if it ever came to pass.