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new construction costs are to be considered.
<br /> Table 3 . - Indicates actual volume of transactions for the
<br /> years 1994 - 1996, as well as mid, lower, and upper Cape
<br /> communities within the last year, broken down by price and
<br /> percent to total . Mr. Brais stated it is important to understand
<br /> the "market" is bidding properties to their "market values" .
<br /> Undeveloped lots are included in this Table.
<br /> Table 4 . - Actual Residential Sales Data.
<br /> Table 5 . - Is a summary of forty-four units selected
<br /> from the MLS Boo] , representing actual properties currently on
<br /> the market, including new construction as well as re-sales. Mr.
<br /> Brais noted the Three-Four-and Five Hundred Thousand Dollar
<br /> prices to be- water-related type properties. As you rove down the
<br /> table, he noted the Two-Fifty to Three Hundred range had some
<br /> type of water amenity, with Two-Fifty as the break point. From
<br /> Two-Fifty down to Fifty Thousand Dollar housing prices are based
<br /> on lot, housing improvement, and neighborhood factors.
<br /> Appendix 1 - As it relates to Table $739, 000 . 00-south
<br /> facing water views over okway Bay and Nantucket Sound on 1. 33
<br /> acres. $449, 500 . 00-water front with dock and views, lower-level
<br /> walk out; $450, 000- . 17 acre with panoramic view of ocean.
<br /> $389, 000 . 00-private location, contemporary Cape, 1 . 2 acne beach
<br /> front lot; $350, 000 . 00-new, to be built, water front view from
<br /> Hamblin' s Pond to Martha' s vineyard. $349, 900 . 00-5, 000 sq. ft .
<br /> house, finished living area, half-acre lot, does not have a water
<br /> view. $ 9, 00 . 0-value related stalls, barns, considered to be
<br /> a special property. 19, 000 , 00-New seabury property.
<br /> $319, 000 . 00-does not have a water related amenity, a highly
<br /> improved property.
<br /> Mr. Whritenour noted huge discrepancies between the assessed
<br /> valuations and asking prices.
<br /> $279, 000 . 00-Claiming beautiful water views, New Seabury,
<br /> permit for pool, steps to beach. $2 o, o 0 0 . o o-Mashpeewaleby
<br /> Pond. $ 9, 900 . 00-new construction. Noted in this price range
<br /> are ten year old Colonial, heavily built out, competitive
<br /> housing. $199, 000 . 00-lesser properties, closer to waters in
<br /> Poponesset, Mashpeewakeby Pond.
<br /> Marketing below $200, 000 . 00 - $189, 876 . 00-multiple water
<br /> views, 3-bedroom, 2-bath, approximately 1, 700 sq. ft.
<br /> $lo, 000 . 00-new construction hones. $159, 900 , 00-1996 built home,
<br /> $139, 900 . 00-smaller property, related to the Association, At
<br /> $124 and 115, 000 . 00-reasonably sized, two-three bedroom houses.
<br /> Lower-end of the Market - $100, 000 . 00 showing several
<br /> comparable. $92, 600 . 00-new house, 2-bedroom, 1-bath, expandable
<br /> Cape, lovely private area.
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