The classic, Donald Ross designed Oyster Harbors is one of the best golf courses on Cape Cod.
The latest data on home inventories hints at the thrashing the vacation home market is taking across the land, and especially on the traditionally bulletproof Cape Cod, in Massachusetts. People worried about job loss or saddled with growing interest rates on variable rate mortgages on their primary homes are hedging their bets before they have to hit the panic button and unload their treasured vacation homes at deeper discounts.
The real estate brokerage firm Zip Realty published its latest report on
Homes for sale in Barnstable County rose from 1,805 to 5,484 in just one month.
Depending on what real estate reports you read, home prices on Cape Cod decreased by about 12% last year, with a median sales price of $330,000. Golf club choices in the area are varied, ranging from one of the best public courses in the nation, Cranberry Valley in Harwich, to the higher end, quite private Donald Ross designed Oyster Harbors in Osterville. Membership fees on the Cape have been traditionally high, but like real estate in the current economy, they too could be on their way back to Earth.
