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Thoughts on the Market

ProvincetownJanuary Sales

11 condos sold with an average sale price of $1.082M and an average sale to list price ratio of 104%. (two below)

4 single family houses sold with an average sale price of $1.825M and an average sale to list price ratio was 99%. (two below)

Last year 9 condos sold with an average sale price of $619K, and an average 112 days on market. 7 single family properties sold with an average sale price of $1.642M with an average 61 DOM’s.

New Listings. 9 condos were listed with an average price of $884K. 2 single family properties were listed with an average price of $1.772M.

DOM’s much less than last year. Condos sold had an average of 10 DOM’s vs 112 DOM’s last year. Single family’s sold in an averag of 49 DOM’s vs 61 DOM’s.

We still cant predict the spring market, but these figures look an awful lot like last year.

For buyers the chances are that properties you may like will come on the market this spring. They may be priced higher than you expected, and there may be a competitive offer situation, and they will sell quickly.

Be prepared – be ready to view and make your buying decisions quickly.

For sellers, it is the time to sell, if you have somewhere to go.

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