Month: August 2022

We have been anxiously awaiting the launch of this new construction project which included these two Barndominiums at the Bayberry Hollow Farm on West Vine Street in the West End. Here are the first two of four and they are worth the wait. 72 West Vine Street #4 is a one bedrooom and one bath condo with 683 square feet being marketed for $975K. 72 West Vine Street #3 is a one bedroom and one bath condo with 598 square feet and is being marketed for $895K.*

MLS Remarks: With extraordinary pastoral views overlooking acres of open conservation land, this hidden oasis within Provincetown will delight you. Set within a farm-yard inspired grouping, you will view an idyllic horse and agriculture farm, Bayberry Hollow Farm. These new homes are reminiscent of traditional New England farm houses, yet built with contemporary, superior products including steep aluminum roofs, cement board-and-batten siding and inset windows allowing everchanging shadow lines. Currently, there are two 1-bedroom units available in a newly constructed ”Barndominium” – it looks like a barn, but it’s really a condominium! The interior finishes include French oak floors, custom cabinets, quartz island, Thermador refrigerator and dual-fuel stove, central air, on-demand hot water, hand-made Amish vanity, Kohler/Robern finishes and inviting wood decks. In early Fall, the final two 2-bedroom homes will be available completing this four-unit association. Listings courtesy of Coldwell Banker Pat Shultz Real Estate.

*At “press” time both condos were just marked as under agreement in MLS after 11 days on ther market.

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

63 Commercial Street is one of the most impressive waterfront homes in Provincetown. With a total of seven bedrooms, six and one half baths and 4,049 square feet of superbly renovated space, this property is truly one of a kind. It is being marketed for $7.9M.

MLS Remarks: With its signature corner bay turret overlooking the harbor, the Viewpoint is among the more prominent West End waterfront homes in Provincetown. Total living area of 4,000 sq. ft. 4 BR/3.5 bath main house extends from the waterfront to the attached 3 BR/3 bath guest house on the street side with a rooftop deck. The home was completely reconstructed and redesigned during the 33 years of the current ownership. All three floors have decks which provide stunning views,, particularly from the third floor master bedroom’s five full-window turret with views of the historic Captain Jack’s Wharf and extending from Woods End to Long Point, Truro and beyond. The first floor living area features two fireplaces, cherry floors, wainscoting, paneled walls, plaster walls and finials, custom stairway, kitchen with custom cabinetry, farmer’s sink, subzero refrigerator and double oven Wolf stove. Limestone counters. Multiple possibilities exist for this compound including owner’s residence with guest or caretaker’s quarters or excellent rental generation. Chapter 91 license. Town sewer. Whole house generator. All utilities are separate for each unit. Call us to view this wonderful Provincetown property.

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

4 Browne Street is a sweet eye catching ranch house in a great west end neighborhood. It has three bedooms and one bath and 1,452 square feet. It was marketed for $1.195M and sold for $1.225 in eight days on the market.

MLS Remarks: The possibilities abound with this West End single family fixer upper which enjoys a location that is convenient to all that Provincetown has to offer. Sitting on a large lot, this 1950’s style ranch home can remain a single family home or the zone allows for a multiple unit building. The main level has 2 bedrooms, one bath, a living room with oak flooring and a wood stove, a kitchen, and a large bright and airy sunroom with sliders out to a lovely decked yard that abuts Provincetown Conservation land. The home has a full finished basement with a den, a bedroom with a proper egress window, and a second full bath under construction. The one-car garage is connected to the house through a screened breezeway.

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

31 Point Street is a three bedroom three bath single family home with 1,400 square feet and was built in 2016. The property is being marketed for $2.2M.

MLS Remarks: Set in the desirable West End, Point Street is an exclusive enclave of private homes in a spectacular quintessential cape cod landscape. This reverse design contemporary home was built in 2016 & has 3 beds, 3 full baths. Enjoy the fabulous tree-top views from the light filled open living, kitchen, & dining areas. The living area has cathedral ceilings, and a custom built-in window seat, & wood paneled fireplace. The kitchen has white cabinetry, a large seating island, modern tile glass backsplash, & quart countertops. The private primary bedroom suite is oversized with a gorgeous modern bath & double vanity sink, plus a walk-in closet. On the entry-level you’ll find (2) guest bedroom suites both with private ensuite baths, oversized showers, & ample storage. Access the upper rear patio from the kitchen and head out to enjoy the many special landscaped lounge areas around the property, all perfect for entertaining. Listing courtesy of Coldwell Banker Realty.

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

…..other than the gorgoeous hydrangea blooms!

With so much talk about real estate, especially in this important period between the spring and fall markets, I thought it might be interesting to report what we’re seeing and hearing “on the street”, in our offices, and in conversations with buyers and sellers daily. And what the prevailing thinking is about the direction of our real estate market.

There is very little MLS activity – few new listings, few under contract, few sold.

We are seeing price reductions on some higher priced offerings.

The most in demand properties, i.e. 2bed/2bath condos in the near east or west end are still selling quickly and at high prices. There aren’t many of them but the early spring dynamic is still in place for these properties. Multiple offers, over asking sale prices, few DOM’s – BUT, activity is down from spring highs with fewer showings and fewer offers.

Demand was off the charts last spring and is still high, but some buyers are postponing buying until 2023. Every market has lost frustrated buyers. Buyers here are resilient and it takes a lot to frustrate them.

There are more unusual and unique properties coming on the market and some are testing the market price wise. These provide some great buying opportunities.

Cape wide it looks like inventory is increasing. BUT in Provincetown there are only 12 single family properties available. In Truro there are only 11 and in Wellfleet there are only 10. These numbers are just not normal. Are they the new normal?

Not a lot of talk about interest rates, more about the economic unknowns and stock market in general.

One of my favorite real estate bloggers Jim Duncan in Charlottesville poses a great question. Is this market transitory – meaning not lasting long, or is it transitional meaning moving clearly from one kind of market to another, i.e sellers market to a buyers market? He also says what many of us are thinking, that the national market is moving to quickly for relevent analysis. I agree, but once again our specific market is so relatively small, and sampling is so limited that our anecdotal “on the street” experience, as well as the “numbers” can tell us our markets story.

It seems that the market from earlier in the pandemic may be gone. The question is what will take its place. Hopefully we will see an increase in properties for sale this fall giving buyers more choices and beginning the move to a more balanced market.

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