The Cottage at 12 Atwood Avenue is a charming one bedroom one bath two level stand alone cottage. It is located on possibly the most desirable little private lane in Provincetowns’ West End. It is being marketed for $845K.
The quintessential West End Cottage. This stand-alone wood frame cottage is set back from a private lane behind a flower covered white picket fence. This enchanting one bedroom two story cottage is the ultimate Provincetown retreat. Located on a quiet private lane in the lovely West End its’ location is truly unique. It’s original detailing is authentic Provincetown. The living room is at the front of the Cottage and has a wood burning fireplace. There is a dining room/den next to the galley kitchen in the rear of the first floor. The entire second floor is a large bedroom and bath with oversize windows with wonderful sight lines to lovely Atwood Avenue. The outside space includes mature front and side gardens and a good size private patio/deck area. Refresh this West End gem as is or reimagine it completely.
The two-unit condo complex is organized like two separate single-family properties. The Cottage has a large exclusive use garden area, and one parking space.
119 Commercial Street is a four bedroom three bath home with 1,956 square feet. It is in the West End at the curve of Commercial Street at the Coast Gaurd Station. It was listed for $2.599M and sold for $2.599M with six days on the market.
MLSRemarks: Offered publicly for the first time in more than 20 years, this iconic two-family Provincetown classic is the perfect West End location minutes away from the exciting town center. Experience the home as a spacious single-family with abundant breathtaking natural light or take advantage of the property’s two living quarters by using them separately. Each floor houses 2 bedrooms, a kitchen, and a living/dining area. Whether you enjoy people-watching from any of the multiple vantage points or you prefer the privacy of your own home, 119 Commercial Street has so much to offer – 4 bedrooms, a den, 4 parking spaces, 3 outside areas, and water views. The two newly updated kitchens provide a very functional flow to the numerous indoor & outdoor entertainment areas. Most of this well-taken-care-of gem boasts original wide plank hardwood floors throughout.
28 Pilgrim Heights Road is a five bedroom, three bath home with 3,384 square feet. It has multiple levels, soaring ceilings and great outside spaces. It is an extraordinary home. It was listed for $2.1M and sold for $2.3M after 8 days on the marlet.
MLS Remarks: A contemporary-lover’s dream! This impeccably maintained tiered designed home is located in the desirable Pilgrim Heights neighborhood.The modern design offers a multi-functional floor plan with the main living, chef style kitchen, and dining on the top level maximizing the gathering space. There is a wood burning fireplace that anchors the room for those fall nights.Banks of sliders lead out to a sunny deck with beautiful ocean views. The large master bedroom offers a generous walk in closet and master bath with a slider leading to a private balcony. There are three additional bedrooms and two full baths as well as a laundry room. A large office is on the first floor and as well as access to the garage. Additional features include a cedar sauna and large outside shower. This custom home is truly an architectural gem!
We are always asked how the market is doing. It’s difficult to explain without delving into details which vary so much market to market. Our market is unique in so many ways. It’s a small market, geographically and numerically, and while it does follow some national trends, it bucks some of those trends as well. Below is a short preview of what we are seeing in our fall market. I’ll provide a more in-depth analysis in the Jon Goode Market Report at the end of the month.
Inventory levels will determine the health of the real estate market going forward. With little increase in inventory year over year the expectation is that this fall season will track closely with last years.
It is already the first week of September, and if there was to be an influx of inventory we would have seen it by now. Last year there were 18 condos on the market in Provincetown at this time – this year there are 15. There were 9 single family properties on the market last year, now there are 8. In Truro there were 15 single family properties on the market last year. Today there are also 15. In Wellfleet there were 15 on the market. Now there are 11.
For buyers there is very little choice. This means it remains firmly a sellers market.
Despite these conditions, demand is very strong, and in demand properties are selling within a week and frequently over asking. See three examples below.
An interesting assortment of unusual and higher priced properties have been available and while taking longer to sell are still very much in demand. See three examples below.
There are 45 pending sales on the books in Provincetown. 16 in Truro and 13 in Wellfleet.
Low inventory – strong demand – elevated prices, but with some moderation especially in less desirable property categories – somre economic volitility but a generally strong economy. Is this a new normal? What will we transition into and when? These questons should be answered in the next four months.
Even with these unprecedented market conditions, buyers have closed on 169 properties in Provincetown, Truro and Wellfleet and another 74 properties are pending and under agreement. Many buyers are still finding their dream homes on the Outer Cape. Being well informed and prepared is essential.