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.