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Early Spring Market Observations

Even with the volatile world we are living in, as of May 15, our real estate market has performed pretty close to last years numbers. The fact that we are a model of consistency year over year is pretty wild. Who’d of thought?

Here is a quick snapshot of 2025 vs 2024 YTD sales in our three outer Cape towns as of May 15.

31 Provincetown condos have sold with an average sales price of $1.2M, vs last year 35 sold with an average sales price of $900K.

12 Provincetown single family properties sold with an average sales price of $2.3M, vs 7 sales last year with an average sales price of $2.1M. This increase in unit sales is the only dramatic change year over year so far in early sampling.

In Truro there were 12 single family sales averaging $1.3M vs 10 sales last year with an average sales price of $1.8M.

In Wellfleet there were 15 single family sales with an average sales price of $1.3M vs 16 sales last year with an average $1M in 2024

Crazy huh?

Housing could actually be the safest investment in America right now, if you assume that even a mild recession might result in lower mortgage rates down the road and therefore greater affordability.

And with all this said here are three really terrific properties that are being listed by our office Beachfront Realty that represent our market well. A single family house in Truro with all the extras, a classic West End Cape on Bradford St and a surprising mini triplex in the West End at Meadow Road.

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

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Provincetown Sale of the Week – 294 Bradford St. $3.1M

294 Bradford St is a single family home with three bedrooms and five bathrooms. (three full and two half baths) and 2,190 square feet. It sold for $3.1M with an asking price of $3.2M. It was a new build in 2019 and is located just before the Bradford St Commercial St split in the East End.

MLS REMARKS: This handsome home was built well beyond the usual standard in 2019 and very gently enjoyed. There are three spacious bedrooms, all ensuite. The primary features a walk-in closet and a spa bath you’ll never want to leave. The bathrooms warm with radiant heat flooring for the cooler months. The top floor living space features a well-planned open kitchen with top line appliances, a brunch bar and separate dining alcove adjacent to a broad living room with gorgeous water views of Cape Cod Bay. Top quality components include wide white oak flooring, Pella vinyl clad wood windows, solar-powered automatic skylights, super high efficiency heat exchangers for heating and cooling, on demand hot water, a whole house generator, and a two car garage. The driveway/parking area is finished with pavers and granite block.

Seascape Realty was the listing firm and Gibson Sothebys Int’l Realty was the selling firm.

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