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The Goode and Farmer Report July 2014

Provincetown, Truro and Wellfleet Real Estate market 2Q2014 Figures 

Condominium prices continue to rise and single-family properties remain scarce.


Year-to-date sales through the 2nd quarter in Provincetown were strong with condos leading the way in the number of sales and price increases. Winter weather kept many away in the first quarter, but as always, spring does finally come and sales increased substantially in the second quarter.

The average sale price of condos sold in Provincetown increased 18% to $459K from $390K last year, and the number of sales recorded in MLS were 18% higher than last year at 59. The silver lining in the first half sales figures are the non-MLS recorded sales of 13 condos that closed at Seashore Point* with an average sales price of $405K and a total sales volume of $5.27M. When added to the MLS totals, YTD sales show huge increases of 44% to 72 sales with an increase in sales volume of 66% to $32.4M. *Seashore Point sales represent the second phase of the over-55 facility located on Alden Street in the center of town.

The average price of single-family properties sold year-to-date is $903K – even with last year’s $905K. There were 16 single-family sales which is a decrease from last year’s 22. Total sales volume was $14.5M – down from $19.9M last year. The decrease is partially because of a lack of new inventory in the single-family market particularly in the desirable West End neighborhoods of Provincetown.

The $1M Plus market was slower with four sales and $5.9M volume compared to nine sales last year with a volume of $12.9M.

As of July 15th there were 109 condos available with an average asking price of $471K and an average price per square foot of $455. There are 49 single-family properties on the market with an average price of $1.459M and an average price per square foot of $565K. Average days on market for condos is 184 and single family’s 246. While DOM’s aren’t nearly as important an indicator in a second home market, it is always interesting to compare.

The broad range of condo inventory is creating increased momentum going to the summer/fall sales season – as usual, Provincetown leads the way on the Cape with higher sales and prices.


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Other towns on the Outer Cape did relatively well too.

The average sales price for single-family properties in Truro is up an impressive 42% to $866K from $607K in 2Q2013, but the number of sales was down to 19 sales from 26 sales last year. Even with fewer sales, volume was up 4% to $16.5M. The Truro market consists mostly of single-family homes.

Wellfleet turned in a solid performance as the number of sales increased 25% to 40 from 32 for the same quarter in 2013. The average sales price of single-family properties sold was even with last year at $559K. Wellfleet remains a predominantly a single-family sales market too.

As of July 15 there were 80 single-family homes on the market in Truro with a median price of $752K. In Wellfleet there were 60 single family-homes available with a median price of $634K.

Positive buyer and seller attitudes coupled with a continuation of relatively low mortgage rates and an improving economy bode well for 2014 being a great year to jump into the market.


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Please call or stop in if you are considering selling or buying, or if you are just curious as to what your home is worth. Our business philosophy has always been that the best-informed buyers and sellers are most satisfied with their real estate results. And that’s what we do best!

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Fabulous Ink Block In Boston

great post by Scott!

From Tabloid to Hip Condos

Link|Comments ()Posted by Scott Van Voorhis

Location, location, location – that’s what real estate is all about. And the new Ink Block, taking shape where the South End meets Chinatown, has it in spades.

The glitzy glass-and-steel, six-building condo and apartment development is taking shape on Harrison Ave., where the big old brick red Boston Herald building stood until it was demolished last year.

As a reporter at the Herald back in the 2000s, the location couldn’t be beat. Need to get to Beacon Hill? No problem, that’s a 20 minute walk. Press conference in the Back Bay – be there in 15 minutes. Hungry? Let’s head across the street to Chinatown. Or for that matter, around the corner to the South End, a restaurant paradise. No car needed – just you and your two feet. (OK, I’m tall and a pretty fast walker, but still.)

That location, which was great for reporters, will be even better for the residents of the $500 million Ink Block, with the city and its attractions literally at their feet.

A total of six buildings are planned, each featuring a unique design inspired by the South End and intended to be an antidote to the Boston’s increasingly hard to tell apart bevy of new luxury condo towers, Ted Tye, managing director of National Development, tells me.

“There is so much being built in the city these days that is very generic – you can’t tell whether you are in the Seaport, the Back Bay, or the South End,” Tye says.

Final Sepia Hero Night.jpg


More than 60 percent of the units at the Sepia, the project’s 83 unit condo building, are already spoken for, Tye tells me. (Herald, Ink Block, Sepia – you get the theme.)

Prices range from $500,000 for a studio to over $2 million for a penthouse unit. The condos come with balconies large enough to actually recline in a chair and take in the city skyline, with a neat rooftop hangout spot, complete with an outdoor kitchen.

The developer’s initial proposal to build condos at the Herald site drew its fair share of skeptics a few years back, with condos still recovering from the downturn. Now demand is soaring, condos are hot, and Tye feels vindicated.

“On Sepia, the idea has been to create luxury condos and really take advantage of being in the South End,” Tye said. “We bet a couple years ago the condo market would come back. We took a risk.”

Beyond skyline views – the project is taking shape roughly where the Herald’s publisher once held court in a suite facing the city – some additional treats are in store as well for Sepia residents.

A 50,000 square foot Whole Foods is also taking shape at the site, along with a bevy of what will hopefully be some hip new restaurants, in keeping with the South End’s proud culinary traditions.

There are also some extra perks for residents, who can enter the store directly from the Sepia without going outside, and then head back up the elevator, groceries bags in hand, to their condos. Or they can take a plunge in the rooftop pool that is being built on the roof of the grocery store.

Three apartment buildings are well underway now, with openings planned for early 2015.
Named Ink Block One, Two and Three, each takes a different design theme from the South End. Ink Block Two, for example, will feature loft style units with a black and white color theme.

While the Ink Block is a great launching pad from which to explore Boston, the immediate area around the project wasn’t always much to write home about.

In fact, the old Herald, when it was standing, was an outpost of zaniness amid a no-man’s land of sprawling parking lots, a homeless shelter, and the occasional streetwalker.

But the streets around the emerging Ink Block are on their way to becoming a residential hot spot, with a number of projects taking shape in the area.

The Ink Block itself was deliberately designed with six different buildings in a bid to give the project more a vibrant neighborhood feel, Tye notes.

Stay tuned.



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36 Hours In Provincetown – NYTimes

This is a terrific love letter to Provincetown posted on NYTimes online last week and the Sunday Times yesterday.  We saw Benoit, the author of the article, at The Fine Arts Work Center’s Summer Reading Series , on Friday night reading from his new book Travels with Casey – his pooch!   Charming guy and lots of fun!



36 Hours in Provincetown, Mass.

Clockwise from top left: walking on the breakwater; the sun lights up Herring Cove Beach; a performer on Commercial Street; oysters at the Red Inn; and taking in the view from Pilgrim Monument.
JULY 24, 2014

Perched at the tip of Cape Cod — or at the end of the world, as locals like to say — Provincetown is a quirky beach community favored by artists, drag queens, L.G.B.T. people, heterosexual families from the suburbs and oddballs on the run. Provincetown combines small-town charm with big-city spunk, and it’s nestled among miles of peaceful dunes and seashore. If you want solitude, come in the winter when hardly anyone is here — or anything is open. But if you’re after warm weather and high-season theatrics, arrive in July, August or early September. Be careful about what summer week you choose. Many have a theme, and your Provincetown experience will differ whether you’re here for “Family Week,” “Girl Splash” or “Bear Week.”


1. Oysters and Celebrities | 4 p.m.

Rent a bike from one of the handful of rental shops in town — if you arrive by ferry, the closest is Arnold’s Bikes — and head west for about a mile on Commercial Street, the town’s main drag. Try not to crash into any famous writers on the way — John Waters, Tony Kushner, Andrew Sullivan and Michael Cunningham are generally in residence during the summer. (Before your visit consider reading Mr. Cunningham’s “Land’s End: A Walk in Provincetown,” a celebration of the town and the best introduction to the area.) Stop at the Red Inn and savor $1.25 shrimp and Wellfleet oysters, or cocktails on the deck with views of the harbor and the Long Point Lighthouse. The Red Inn is also one of the town’s best upscale dinner spots.

2. Break for the Breakwater | 5 p.m.

Take a left out of the Red Inn and bike to the other side of the rotary at the end of Commercial Street. You’ll see the breakwater, a mile-long stretch of mammoth granite blocks that leads to a mostly deserted portion of Herring Cove Beach. Two warnings: The breakwater is longer than it appears, and its rocks are better traversed sober. But any trip to Provincetown without at least a partial trek along those rocks is probably incomplete. If it’s high tide, go for a swim in the lagoon that forms along the breakwater. If it’s low tide, walk across the harbor floor to the beach.

3. Strolling for Art | 7 p.m.

Painters love Provincetown for its distinctive vistas and breathtaking light, and on Friday nights you can admire the work of celebrated Cape Cod artists — including Anne Packard and John Dowd — in dozens of galleries that stay open late. (Many offer wine and cheese.) Concentrate your efforts in the town’s East End and be sure to visit the Albert Merola Gallery, William-Scott Gallery, Schoolhouse Gallery and Julie Heller Gallery East. Also drop by the 100-year-old Provincetown Art Association and Museum (PAAM), which is free Friday nights and features exhibitions and workshops year-round.

4. Drag Queens & Quartets | 8:30 p.m.

There’s never a shortage of entertainment here, from street performers to big-name nightclub acts. Commercial Street is rich with drag queens hawking their shows (sometimes perilously on bicycles and mopeds), and one of the local favorites is the offbeat and inimitable Dina Martina (Crown & Anchor, $25), who has been performing here every summer for 10 years. Well-Strung — a talented quartet of men who sing and play string instruments — got its start in Provincetown and brilliantly fuses pop and classical music from Madonna to Beethoven (the Art House; tickets, $30).

5. Toast the Town | 10 p.m.

For a late-night meal or drink, head to the Nor’East Beer Garden’s outside tables. Order the beer-battered fish and chips or a dozen oysters ($24), and choose from a wide array of local beers. If you would rather drink wine, go west on Commercial Street to Joon Bar and Kitchen, an outstanding restaurant and wine bar that serves food until 10 p.m. and drinks until 1 a.m. Don’t miss Joon’s fried olives ($9), roasted halibut ($20) and fries with foie gras aioli ($9).


6. Climbing Through History | 10 a.m.

The 252-foot tall Pilgrim Monument.


Grab a delicious breakfast sandwich (from $4.25) or blueberry muffin ($3) at Connie’s Bakery and pick a spot to enjoy it a few feet away on the deck at Aqua Bar at the rear of the Aquarium Mall. (You can’t beat the harbor views.) After breakfast, head toward the tallest structure in town — the 252-foot tall Pilgrim Monument. Built between 1907 and 1910, the tower commemorates the arrival of the Mayflower Pilgrims in Provincetown. (The Pilgrims hung around for a few weeks before deciding that this was no place for a permanent settlement.) The monument is the country’s tallest all-granite structure and offers stunning sights of the town, Cape Cod and, if you’re lucky, Boston’s skyline. At the base of the monument is the Provincetown Museum, which chronicles the town’s maritime history.

7. Relish the Canteen | 1 p.m.

Provincetown’s best casual lunch spot is the Canteen, a charming Cape Cod-style dining spot in the heart of town. There are a few tables inside, another pair on the street (perfect for people-watching), and a long communal table in the backyard near the beach. Don’t leave the Canteen without trying the cod banh mi ($9.99), pulled pork tacos ($13.95) and crispy brussels sprouts in fish sauce ($7.99). If you want something you can easily take to the beach, walk or bike to Relish in the West End and try any of its delicious sandwiches (all for under $9).

8. A Beach for Everyone | 2 p.m.

Provincetown’s most visited beach is Herring Cove, which is only a short bike ride away and has gentle surf and views of the setting sun. Herring Cove is unofficially divided into sections: The closest to the parking lot is where you’ll find families, many with small children. If you walk south (or to the left when facing the water), you’ll cross into an area favored by lesbians, followed by one favored by gay men, followed by one favored by naked gay men. Prefer your parcel of sand devoid of sexual identity politics? Then bike the Province Lands Bike Trail — or take a shuttle from MacMillan Pier — to Race Point, a prettier beach two miles from town.

9. Rowdy Little Tea Party | 5 p.m.

If Commercial Street seems quieter between 5 and 7 p.m., that’s because a good portion of the town’s visitors are at Tea Dance at the Boatslip Resort. There is no actual tea served at this deck-side party overlooking the harbor, but there is a $10 Planter’s Punch designed to get you drunk before dinner. For a quieter alternative, go shopping. In the West End, be sure to visit Loveland, where you’ll find eclectic and bohemian handcrafted furniture, ceramics and clothing curated by the shop owner, Josh Patner.

Tea Dance at the Boatslip Resort.


10. Dinner Scene | 8 p.m.

If you’re hungry for old-school Provincetown, head to the restaurant called Front Street, a town favorite with some of the best Italian food around. You can’t go wrong with the carbonara con pappardelle ($21.95) or the braised beef and short-rib ravioli ($23.95). For a tasty alternative off Commercial Street, dine at Backstreet, a two-story restaurant with both indoor and outdoor seating. Don’t miss the chef Raul Garcia’s hand-ground grits ($9), blue corn calamari ($12) and Brazilian fish moqueca ($26).

11. Cats and Cocktails | 11 p.m.

There are many bars and clubs in town, with most catering to the L.G.B.T. community. Start your evening at Shipwreck Lounge, where couches and a fireplace (not to mention the two friendly house cats) make you feel as if you’re in someone’s upscale living room. Out back, there’s a fire pit and lounge seating. If you’re in the mood to dance, skip over to A-House. Built in 1798 (and seemingly never renovated), the building now houses a dance floor and patio that’s busy after 11:30 on summer nights. You’ll want to start your dancing early, though. Bars here close at 1 a.m., after which a spirited crowd routinely continues the party in front of Spiritus Pizza on Commercial Street.


12. Romancing the Brunch | 11 a.m.

There are several good breakfast spots in town, including Devon’s (in the East End) and its sister location, Devon’s Deep Sea Dive (in the West End). Try the pancakes with fresh strawberries ($11) or breakfast burrito with home fries ($14). The East End location is perfect for a romantic meal, especially if you score a table on the covered front patio.

13. Whale of a Good Time | 1 p.m.

You can often spot seals near the shoreline while sunning at Herring Cove or Race Point beaches, but if you’re after a bigger catch, try a three-plus hour whale watching tour courtesy of Dolphin Fleet ($46 for adults).


1. Arnold’s Bikes, 329 Commercial Street; 508-487-0844; the Red Inn,

2. Breakwater.

3. Albert Merola Gallery, Gallery,williamscottgallery.comSchoolhouse Gallery,; Julie Heller Gallery East, juliehellergallery.comProvincetown Art Association and Museum,

4. Crown & Anchor, onlyatthecrown.comthe Art House,

5. Nor’East Beer Garden, noreastbeergarden.comJoon Bar and Kitchen,

6. Connie’s Bakery, conniesbakery.comAqua Bar, aquabarptown.comPilgrim Monument,

7. The Canteen, thecanteenptown.comRelish,

8. Herring Cove Beach, Province Lands Road. Race Point Beach.

9. Boatslip Resort, boatslipresort.comLoveland,

10. Front Street, frontstreetrestaurant.comBackstreet,

11. Shipwreck Lounge, ptownlounge.comA-House, ahouse.comSpiritus Pizza,

12. Devon’s, Devon’s Deep Sea Dive,

13. Dolphin Fleet,

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Listing Of The Week

82 Commercial Street is one of the finest examples a classic Cape Cod Home. It is a 7 bedroom, 4 bath stunner with 3,294 square feet and is being marketed for $2.945M.


82 C front








MLS COPY: Offered on the public market for the first time since it was built in 1820, this showplace has only had 3 families own it in the past 100 years. This classic Cape Cod home, with its sweeping lawn & white picket fence, is an iconic property in Provincetown’s West End, one of a very few that boast this square footage on almost a 1/4 acre of land, in the heart of the historic district. The house has been impeccably restored to its original grandeur, and all of its core infrastructure has been brought up to date. The home is expansive, w/ 7 bedrooms, pine floors, period wainscoting and trim, formal living and dining rooms each with wood burning FPs, and a classic sunroom that offers views of Long Point Light. Underground utilities, irrigation, new HVAC, wiring, sewer connection, security, generator, ext siding & cedar roof w/in recent years.

82 C full

82 C lr

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A property like this rarely becomes available, as those who have been looking at property in the West End know.  This property is a perfect example of why Provincetown is such a beautiful and beloved town.

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Boston Values Rise Fastest Since 1987

Good Globe article.

Boston home values rise at fastest since 1987

By Chris Reidy


Home values in Greater Boston rose 2.9 percent from March to April, the greatest monthly gain for the area since 1987, according to new S&P/Case-Shiller Home Price Indices data issued Tuesday.

The S&P/Case-Shiller Home Price Indices tracks repeat home sales. Other surveys, such as those issued by the Warren Group and the Massachusetts Association of Realtors, look at much wider segments of the market, and they often report data on a year-to-year comparison basis.

The S&P/Case-Shiller Home Price Indices looks at data for 20 metropolitan areas around the country, including Atlanta, Boston, Chicago, Los Angeles, and New York.

“Nineteen of the 20 cities saw lower annual gains in April than in March,” the S&P/Case-Shiller Home Price Indices said in its press release. “California (Los Angeles, San Diego, and San Francisco) saw their returns worsen by approximately three percentage points. Boston was the only city to see its annual rate improve.”

Boston’s annual rate went from 8.3 percent in March to 9 percent in April, the release said.

In a statement, David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said: “Near term economic factors favor further gains in housing: mortgage rates are lower than a year ago, the Fed is expected to keep interest rates steady until mid-2015, and the labor market is improving. However, housing is not back to normal: prices are being supported by cash sales, low inventories, and declining foreclosure and REO (real estate owned) sales. First time home buyers are not back in force, and qualifying for a mortgage remains challenging. The question is whether housing will bounce back before the Fed begins to tighten sometime next year.”

Chris Reidy can be reached at [email protected].

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$475K On The Cape

Another great curbed comparison post by Jazmine.

What $475,000 Can Buy You Around Cape Cod

It’s time once again for Curbed Comparisons, where we break down what you can get at the same price point, style or size in five different Cape and Islands neighborhoods. This week, listings for $475,000.

Here now, eight Cape Cod properties asking $475,000 – year round, condos, oceanfront, new construction, circa 1850, recently renovated, handicap accessible, commercially-zoned, and ready to rent – with a little something for everyone.

Kicking off with new construction by way of the Waquoit neighborhood. Asking price for the 3BD, 3BA on 1.18 acres is $475,900.
This 2,452-square-foot Colonial has been bouncing on and off the market since July 2012 when it debuted with a $499K asking price. The listing reappeared in May of this year looking for $475,900 and is now in contract.
Here’s a newly remodeled 3BD, 2.5BA Cape that last sold in January 2013 for $215K. After a full nip/tuck, the 1,846-square-footer was flipped back onto the market looking for $549K. As the brokerbabble explains, “The high end finishes, and amenities added to this home are ones typically found in million dollar properties.” Alas, the PriceChopper was unimpressed and the place can now be had for $475K.
What can you do from this 3BD, 2.5BA ranch on Bass River? “Take a stroll to your association beach or cruise up to the association dock on your boat.” All that for $475K.
“Circa 1850…This well-proportioned, spacious antique Cape is handicap accessible and has multiple layers of historic detail preserved in each of its 8 rooms which feature wide plank floors, spackle painted wood floors, hand carved mantle, raised paneling and original moldings.” Oh, and there’s an in-ground pool with a ramp. Yours for $473,900.
The brokerbabble for this listing seems to have been typed on a broken flip phone, but here’s what we’ve gathered: the spread is commercially zoned and includes a 3BD home, a separate retail shop, and two-car garage on .73 acres. Asking price is $475K.
Whales, sharks, and Henry Beston are all featured in the brokerbabble for this 2BR, 1BA. So there’s that. Regardless, the 732-square-footer in “the shadow of Nauset Lighthouse” sits on .66 acres, comes with stunning views and is yours for $475K.
Finally, to Truro. “Located at Shoreline Beach Condominium, a newly renovated complex comprised of 13 units in 2 buildings, this light and bright 2 bedroom, 2nd floor end unit has expansive water views.” The 810-square-footer is asking $472,900.


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Listing Of The Week, 12 Conwell Street

12 Conwell Street #A, Provincetown MA

12 Conwell Street #A has 1,400 square foot, 3 bedroom 2.5 bath condo is being marketed for $630,000. It really does feel like a single family , with an entertainment size living room, 3 bedrooms and 2.5 baths.

kitchen 3

This is a newly renovated freestanding condo that lives like a single family home. The dramatic reverse floor plan has an entertainment size  living room with hardwood floors vaulted ceilings and a wall of windows with views to the Provincetown Monument beyond. There is chefs kitchen with 6 burner gas stove, huge granite work island and an office nook. There is a large hidden storage area/pantry and a powder room directly off the  kitchen. The large private deck has those same broad open views to the Provincetown Monument.




Each of the 3 bedrooms on the lower level have great closets and multiple window exposures. The master has an en suite bath as well as a built in office nook between the double closets. There is a second full bath and a large storage/laundry/mud room on this level. Central A/C, and quality window treatments throughout. Fenced front yard and garden. Parking for 2 cars. This house lives large and fun. 1 1/2 blocks to bay beaches, steps to Farland and downtown. Great rental income.



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This condo is being marketed for $630,000.