PROVINCETOWN, TRURO AND WELLFLEET 1Q2026 Figures
FIRST QUARTER NUMBERS ARE JUST AS CRAZY AS THIS WINTER’S WEATHER!
This is a strange first quarter to be writing about as it seems we just been able to leave our snowed-in homes! What a winter. As I was doing my first glance at the Q1 market report, I thought for sure they would be anemic compared to last year’s Q1 numbers.
BUT, to my surprise, the number of sales in almost all categories were the same or very close to last years. Although surprisingly, all other data points fluctuated wildly. A reminder that dramatic 1Q numbers shouldn’t be taken too seriously, as they are based on a tiny sample set.
Some dramatic takeaways were that the average single-family home sales price in Provincetown was up 38%, while the average condominium sale price in Provincetown was down 26%. Truro and Wellfleet saw wild swings as well – with the Truro average sale price down 33% and the Wellfleet average sale price down 48%.
Demand still remains as high as last year, given that the sales numbers and inventory remain at the new normal level. More choices are good for the market. As I say every first quarter, results are so difficult to analyze because of the small number of sales. Single-digit sales are hard to attach much significance to.
Spring is on its way and we are now seeing market activity spike in early April. This is certainly welcome news!
PROVINCETOWN
Condominium sales in Provincetown were down 7% this quarter to 14 from 15 last year. The average sale price was down 26% to $891K from $1.2M. There are 49 condos on the market as of April 8, with an average listing price of $1.2M ($1,504 psf).
Single-family home sales were flat at 4 units. The average sale price increased however by 38% to $2.8M from $2M. There are 18 single-family homes on the market as of April 8, with an average listing price of $3M ($1,425 psf).
TRURO AND WELLFLEET
In Truro, there were only 7 single-family home sales – up slightly from 6 last year. The average sale price was down 33% to $1M from $1.5M. As we “go to press” there are 15 properties on the market with the average listing price is $1.8M ($881 psf).
There were only 2 condominium sales in Truro. The average sales price was down 6% to $797K from $846K. There are only 11 condos on the market with an average listing priced of $527K ($1,086 psf).
In Wellfleet, the average price of single-family homes was down 48% to $1.1M from $2.1M. However, sales more than doubled to 5 from 2. There are 14 single-family homes available for sale with an average listing price of $1.5M ($643 psf)
SPRING IS CERTAINLY WELCOME THIS YEAR AS WE LOOK TOWARD CONTINUED CONFIDENCE IN OUR LOCAL REAL ESTATE MARKET
Normal signs of the approaching season are comforting – a welcome respite from all the snow we experienced this winter! New construction and renovation activity remains strong. Restaurants and shops are beginning to open and Commercial Street is getting its annual reset, along with some big changes downtown. We will be looking closely at market developments in April which will help detect the overall direction of the market this spring into summer.
The best example of new development energy is Eden West at 44 Captain Berties Way. Beachfront Realty is the local listing agency for this most exciting new development in Provincetown. Eden West introduces an entirely new level of sophistication and living in Provincetown. A boutique collection of 36 refined residences designed for effortless coastal living. Blending timeless Cape Cod design with contemporary, warm finishes, just moments from Commercial Street, the Harbor Pier, and Provincetown’s celebrated art, dining, and culture – Eden West captures the essence of Ptown.
As always, my goal is to keep you engaged in the Outer Cape Real Estate market by providing you with news and market developments as they happen. Watch for interesting stories in your email and on social media at jon.goode.com. I hope to see you on the streets soon. Stay well.