Month: June 2021

3 WinslowStreet is a wonderful example of an intelligently updated antique home with all the modern and timely amenities. It was listed t $1.925M and sold for $1.830M.

MLS REMARKS: Stunning Greek Revival single family home located in-town center, tucked away and private. This historic home has been carefully updated integrating its architectural roots into a more contemporary floor plan with open spaces, high ceilings and is well connected to exterior living-rooms. The home has four bedrooms and four full baths and is surrounded by lush mature gardens which accent its walled brick courtyards. Enter into the home’s vestibule which leads to a light filled open living room and dining room with high ceilings, a wood burning fireplace and a hidden wine cellar. The dining room has a wall of glass with French doors to a walled brick courtyard with parterre garden. The garden provides year-round interest from its structure and its variety of plantings. Off the dining room is a Cape styled kitchen with beautiful white cabinetry, updated and upgraded appliances (Bosch, Thermador and Miele), lots of counterspace, and a banquette for casual dining. The kitchen leads to another brick courtyard, ideal for morning coffee. There is a well sized bedroom suite on this level that has been re-purposed as an office.

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This room is anchored by another wood burning fireplace , a full bath , a dry sauna along with access to the courtyard, an outdoor shower and just steps to an exercise room! The second level has three bedrooms. The primary suite has high ceilings, built-in bookcases, and a sitting area. There is a large master bath with radiant heat, a soaking tub and a walk- in open tiled shower. On the opposite side of this floor are two spacious guest bedrooms, with sitting areas along with another full bath. This home at 3 Winslow Street combines historic accents to modern day living requirements and luxuries.

See all available properties for sale at Beachfront-Realty.com.

6 Pilgrims Landing is a three bedroom, three bath “modern marvel”. It has been a stunning visual landmark in the far East End at The Moors since it was constructed. The house has 2,462 square feet on two levels and sold for $3.5M.

MLS Remarks: This architecturally significant ” one of kind” modern marvel designed by world renowned architects Hariri & Hariri is being offered for sale for the first time in several years. This home features, 3 beds & 3 full baths. Rare is an understatement as this contemporary home features unsurpassed views of Cape Cod Bay and the Ocean. State of the art appliances, a floating glass walkway whisks you to a master suite, geothermal heating system, industrial windows and pored concrete floors heated by the eco friendly geo thermal system, keeping this home warm in the winter and cool in the summer months. This stunning estate is located below the Murchison estate designed by the famous architect, Walter Gropius. This Hariri & Hariri designed home is located behind a private gated fence, in the far West End of Provincetown where the Pilgrims first landed on November 21st 1620, thus the name ” 6 Pilgrims Landing. Exclusive, serene and featuring the best views and historic location in all of Provincetown.

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See all available properties for sale at Beachfront-Realty.com.

We are all wonderting where the market is headed – Buyers and sellers, real estate agents and brokers – everyone is trying to read the market as they plan their next real estate moves. Is it a good time to sell? Should I buy now? Should I step back and wait?

FACT – The lack of inventory is driving the market. In Provincetown there are 13 condos on the market versus 80 last year at this time. Down 84%. There are 12 single family homes on the market vs 40 last year. Down 68%. In Truro there are 5 single family homes on the market versus 40 last year. Down 87%. In Wellfleet there are 7 on the market versus 27 last year. Down 74%.

FACT – Interest rates remain low which is softening the blow of higher prices.The national average for a 30 year fxed rate mortgage on June 14 was 3.325%.

FACT – Buyer demand is not showing any signes of slowing – it reamains very high.

FACT — Many properties are selling over asking, BUT, most are not!~ Below are examples of both situations.

In Provincetown 91 properties have sold YTD. Twenty-one have sold over asking. (22%)

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FACT – The market is not balanced by any measurement. It is a sellers market.

FACT – The chances you will have to overpay for a desirable property are high. The most in demand properties are two bedroom two bath condos in the near East and West ends.

FACT – Markets do adjust. Prices tend to moderate if there is more supply. When will more inventory come on the market? We are seeing very faint indications that additional inventory is beginning to come to market now. Sellers are realizing that this is one of the best times in history to sell their property. If sellers don’t have to buy anything to move into they’re golden. If they do they are running into the same problem other buyers have. There is just not enough supply.

FACT – We dont know how or when the market will adjust. More sellers may decide to take advantage of the sellers market and that will help the supply situation. At the same time there may be some price resistance from buyers as they see prices continue to increase which may effect the demand side. Both may have a moderating effect and help to rebalance the market.

There are indications nationally that the inventory problem my be easing and that prices may also be leveling off. Of course the outer Cape market is more unique than most, and none of us have a crystal ball!

Put things in perspective. Make sure you have all the facts – and make your decisions based on what makes sense for your real estate goals and strategy.

Hopefully we will begin to see some balancing of the market as we move through the sunmer season into the important fall selling season. I will keep you updated as best I can.

See all available properties for sale at Beachfront-Realty.com.

For those who are concerned about the lack of inventory available, here is a very special one of a kind property that just came on the marlet – 11 Oppen Lane is one of the most substantial propertes in all of Provincetown. It has two bedrooms, five bathrooms and 3,142 square feet. There is also a seperate artist studio and a hilltop gazebo that looks out to the ocean and bay.

MLS REMARKS: You will be utterly captivated by the broad sweeping views from this spectacular property perched atop a hill over Point Street in the heart of the desirable West End. Located at the end of a private road, and sitting on over one acre of land, this mid century modern inspired home boasts unparalleled views and privacy. The home’s floor plan is open and airy, with beautiful wood floors throughout and a wall of windows facing the harbor, perfect for entertaining or quiet times at home. The chef’s kitchen is bright, offers gas cooking and features SubZero and Fisher & Paykel appliances. The living room features a large gaslog fireplace, flanked by floor to ceiling windows, and has a door out to a lovely waterview deck overlooking the yard with a pond at its center. The primary bedroom is in its own wing, with a walk-in closet and a large en-suite bathroom with sliders out to a private deck with an outdoor shower.

The guest suite on the main level also features an en-suite bath.
On the bright lower level, you’ll find a large den with a wet bar, an office area, a full bath, lots of storage and interior access to a one car garage. Outside, ascend a path to an enchanting gazebo built atop the highest point on the lot from which you will enjoy breathtaking views out toward Wood End and Long Point Lights. Also on the property is an artists studio in a separate building with a kitchenette and full bath. Listing courtesy of Gibson Sothebys Int’l Real Estate.

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See all available properties for sale at Beachfront-Realty.com.