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.