The number of sold homes and the value of home prices continues to decline for Osterville in 2009. The number of home sales are off 56% in Osterville through the 1st half of 2009 compared to 2008. The number of home sales in the town of Barnstable is only lower by 18.5% year to date. We assume the number of sales has declined in Osterville because the majority of home sales are in the bank owned and foreclosed properties which is in low supply in Osterville.
A window of opportunity continues to open wider for investors and serious home buyers for vacation and 2nd home properties in Osterville, especially in the $1,000,000 plus market. For those seeking a long term investment there is ample supply of inventory and serious sellers are more willing to listen and offer concessions.
