Month: March 2022

If there ever was an iconic Cape, it’s 64 Commercial Street in the West End near the West End boat launch. It has three bedrooms and two baths and 1,560 square feet. It sold for $2.6M, with an asking price of $2.599M.

MLS REMARKS: Located in the heart of Provincetown’s West End on the corner of Commercial Street and Atwood Avenue, this classic full Cape dates from the early 19th century and is steeped in history. It was originally built further down the way, closer to the Red Inn, but is said to have been moved to this location in 1840. In recent years, the house has enjoyed a top to bottom restoration with meticulous attention paid to renewing many of the home’s wonderful original details. The variable width wide plank pine flooring has been refinished throughout and the unique multi paned windows were carefully dismantled, reglazed and rebuilt. The layout of the house offers ample living space great for entertaining or quiet relaxation. The large living room faces Commercial street and features a gas fireplace as its centerpiece. The chimney is interior and heats the upstairs with radiant heat. The dramatic kitchen feels voluminous with a soaring ceiling with skylight, a wood burning fireplace with brick hearth, and cabinetry also created by Malicoat. A full bath on the first floor is accessed from the hall as well as from the first floor bedroom. Upstairs, find two spacious bedrooms with vaulted ceilings, exposed original beams, plenty of closet space and extra space in each bedroom for a home office workspace. A one car garage provides convenient parking as well as additional storage.The West End beach is nearby.

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

I came across these 2012 posts while working on my second quarter 2022 report and couldn’t believe these numbers. In July 2012, there were 157 condos and 77 single-family homes for sale in Provincetown! Today there are only 13 condos and 8 single-family houses for sale. Seriously? I put together a snapshot for the first half of 2012 and the inventory numbers were unreal!

Here’s What I Wrote Back in 2012

January 2012 – “Current inventory is solid with buying opportunities in every price range. There are 63 single-family homes on the market priced from $222K to $5,995M. There are 124 condominiums on the market priced from $125K to $1.795M and there are 12 multi-family properties on the market priced from $549K to $2.285M.”

March 2012 – “The first quarter is almost over and spring is right around the corner. There are 131 condominiums on the market priced from $39K to $1.795M. There are 51 single-family homes on the market priced from $349K to $4,75M and there are 17 multi-family properties for sale priced from $549K to $2.9M.”

July 2012 – “Speaking of inventory, as of July 14 there are 157 condominiums for sale in Provincetown, with an average price of $466K, and an average price per square foot of $583 and an average days on market of 246. There are 77 single-family properties for sale with an average price of $1.441M, averaging 2,398 square feet.”

Back to 2022

These excerpts from my 2012 posts illustrate the huge inventory levels at the time – which were the norm. I can’t imagine seeing anywhere near these numbers anytime soon, as the market dynamics today are so different. Hopefully though, we will see some additional inventory come available as we enter the spring market.

In the meantime, see all available properties for sale at Beachfront-Realty.com.

3 Bayberry Avenue is a stunning modern home with four bedrooms, five baths and 5,050 square feet. This surprising h0use is well hidden from Bayberry Avenue yet includes almost an acre of land and has an extensive pool and patio area in the back of the house. It was most recently listed at $2.995M and sold for $2.917M. The home had previously been listed for $3.2M.

MLS REMARKS: This grand West End gated estate with views of the Ocean and dunes, is one of the largest private lots in Provincetown with nearly an acre of land bordering the National Seashore. The modern contemporary three level home was custom designed and includes 10 concrete columns, extensive built-ins, over 50 windows, 3 fireplaces, separate heating/ac zoning, and hardwood floors throughout. The house also boasts a roof-top deck with ocean views, an in-ground swimming pool & patio, and outdoor shower. The upper two levels include 5000sf of living space, and the lower level has a 458sf Guest Suite, an 800sf 3-car garage with glass doors, as well as 600sf of private storage. Recent renovations include a new 400sf addition with 14′ ceilings and a wall of windows with views of the National Seashore, an updated three season room, brand new kitchen appliances, new Pella windows & doors, a private fence surrounding the entire lot for privacy, new gated entrance, painting of exterior decks, and exterior lighting.

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

207 Bradford Street is a two bedroom three bathroom single family house with 1,437 square feet. It is in the East End right before Howland Street and the East End Market. It is being marketed for $1.295M.

MLS Remarks: Spacious and charming single-family home in the heart of the Gallery District. Centrally located and a short walk to Commercial Street, this 2 bedroom, 2.5 bath home with loft can be your Provincetown getaway or year-round home. Entering the first level you will find a large bedroom suite including sitting area, wide plank wood floor, wood stove and full bath. Washer and dryer are also here. Up one level are the kitchen and open plan living space with another woodstove. An additional bedroom and full bath are also on this level. Off the living space, and through the large glass slider, is a lovely, outdoor garden and patio area. Up an additional set of stairs is a bright and airy loft, with a nicely sized exterior deck overlooking the outdoor garden area. Listing courtesy of Coldwell Banker Pat Shultz Real Estate.

254 Bradford Street is a single family home with four bedrooms and two baths with 2,204 square feet. It is being marketed for $1.975M.

MLS REMARKS: Incredible Provincetown classic, full of unique possibilities. Make it your single or multi family home/compound or explore a range of potential investment opportunities. This beautiful antique home in the East End is located steps from town beaches and the gallery district. Built circa 1880 this unique home has had some light renovations but has kept much of its old world charm. Upon entering the first floor you will find the main living room, dining room and one bedroom. The kitchen, laundry, and bathroom along with an additional sunny sitting room complete the first floor. On the second floor you will find two bedrooms along with an additional office/bedroom with peeks of the water. The living room on this floor has a wood burning stove and is followed by an open kitchen and dining area. There is a nice sized bathroom on the second floor with plenty of storage. There is a wood deck in the front of the house and an oversized secluded back patio area great for outdoor entertaining. The house is accompanied by a free standing garage that fits one car. There is additional parking for at least four more cars making it a true Provincetown rarity. Listing courtesy of William Raveis Real Estate.

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

212 Bradford Street, The East End market just sold for $950K. It is a 2,175 square foot building on the corner of Bradford Street and Howland Street. The market has been a go to place many years for locals and tourists alike. It has provided a valuable neighborhood resource for groceries and much more for all those years. It will be exciting to see what the new owners will do with this neighborhood treasure.

MLS Remarks: This is your opportunity to fulfill your dream of running your own business in Provincetown. The East End market is a fun place to see friends for breakfast and lunch, and is licensed for 12 take-out seats for dining. Known for its delicious deli sandwiches, bakery breads/pastries, prepared foods and catering services, the owners have also cultivated a fine selection of gourmet and local products, and unique gifts for their loyal customers. The market holds an annual beer and wine and seasonal spirit license offering carefully selected wines, craft beers and spirits.

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

The luxury markets get all the attention, no matter where we are. It’s time to give some of that attention to the under $500K market here in Provincetown. It is our entry level in a market where the average sale price of condos last year was $734K, up 10% from 2020. A total of 34 condos sold under $500K in 2021 which represented 23% of the total condos sold in Provincetown. Nine of them were at Seashore Point at 100 Alden Street which is Provincetowns’ over 55 residence. These nine are excluded in the general discussion below.

The average price of those sold was $407K. The average size was 429 square feet. The average price per square foot was $1,095, and the average days on market was 75 days.

The most epensive was 15 Cottage St #6, a one bedroom with two baths, and 579 sf . It sold for $495K. This condo complex is popular West End address with a great pool and sun deck!

The least expensive was 962 Commercial St #5, which is a studio with a loft and 265 sf, that sold for $264K. This condo complex has a large in ground pool!

The smallest was a 190 square feet cottage studio at 162 Bradford Street #4 which sold for $337K. It is a charming attached cottage in a private leafy setting, and just a block to the harbor.

The largest was 945 Commercial St # 3B. It is a two bedroom one bath, 700 sf condo that sold for $450K. This condo is in a popular beachfront complex two miles from town in the East End’s Beach Point.

One of my favorites was 405 Commercial Street #6. It is a charming Provincetown beachside studio with 296 square feet of well designed livng space. It sold for $437K. This condo provides an ideal beachfront living opportunity. It’s in a desirable East End location in the center of all the downtown action literally steps to the beach.

You will notice I am not posting about any current properties for sale under $500K. As you know we are experiencing a chronic lack of inventory on the outer Cape, and well, everywhere else. There are currently only three condos on the market priced under $500K. Two are at the aforementioned Seashore Point at 100 Alden Street and one is at 421 Commercial Street #D which listed for $365K.

These featured properties represent the full range of condos in the under $500K category. You’ll get more space farther out of town, and less space in town in the center of things. This assortment of properties mirrors the diversity in other price categories and in our housing stock in general. Granted, it is hard to see it in these unprecedented times of very low inventory, but hopefully market forces will return us to a more balanced market soon.

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