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The Goode and Farmer Report – October 2016

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$1M + Market Review – Provincetown

Bullish year for $1M+ sales.

Year to date 27 $1M + properties have sold with an average selling price of $1.438M. This includes 6 condos and 21 single family properties. Last year only 12 properties sold year to date above $1M. Demand is high in this category and sales depend on quality inventory being available for sale.

Coincidently there are currently only 27 properties on there market over $1M with an average asking price of $1.942M. These include 18 singles family properties and 9 condos.

It has been a very interesting year so far as we slide into the fourth quarter. Condo sales in Provincetown have been strong – up 20% from last year while single family sales are even with last year.

Below are seven of my favorite $1M+ properties that have sold this year.

 

61 Commercial Street is a charming waterside house with three bedrooms three baths and 1,663 square feet. It includes a small attached apartment. It is one of my favorite houses in town as it is just one of those iconic Cape Houses that speak to the history and charm of Provincetown. It recently sold over asking for $1.572M with an asking price of $1.459M

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MLS COPY: Known as a ‘Floater’, this delightful 2 family West End antique is one of about 30 houses relocated from Long Point and floated across the bay circa mid 1800’s. It bears the blue and white ceramic tile depicting a house on a boat, reserved only for them. Upon entering, enjoy the flavor of this home with original wide pine floors and whitewashed beamed ceiling. The 1st floor has a welcoming LR w/wood burning FP, dining area, kitchen, BA w/ claw foot tub and spacious guest suite w/BR and comfortable sitting area. To the rear, is a south facing deck for relaxing in the sea breezes. Atop the stairs to the 2nd story, you are captivated by the panoramic views from Long Pt. to Wood End and more. There is a den/office, a water view deck, a 2nd FP, master BR and BA w/ a shower that beams with outside light. The exterior is graced by a white picket fence, brick walkways and lovely gardens. A cozy apartment w/separate entrance is attached. Beach access and offsite parking complete the offering.

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3 Telegraph Hill is a three bedroom four bath home with 3,289 square feet.  It is one of only 8 coveted homes on The Hill. It just sold for $1.752M with a list price of $1.950M

3 TH

MLS COPY: Privacy and luxury atop one of the highest peaks in town … this 3 bedroom, 3.5 bath home is but one of 8 homes in the exclusive Telegraph Hill Road neighborhood. This property has now been upgraded to the highest quality with renovated en suite bathrooms, beautiful stained Grade A oak floors, a custom kitchen with stainless counter tops and viking appliances. The second floor open design of kitchen, dining and living is perfect for entertaining, complete with French doors to a large deck, wood fireplace and sweeping views out to the dunes and the Pilgrim Monument. A lower driveway enters into a 2 car garage which includes ample storage and a fully equipped professional gym. Large, light and spacious bedrooms run from the grand foyer entrance. Certainly a very special West End home and just a short hop into town or the beach!

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7 Oppen Lane is a three bedroom, four bath home with 2,912 square feet on a 25,264 square foot lot in the hills of the West End. It sold for $1.425M with a listing price of $1.5M.

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MLS COPY: Walk up the elegant brick and granite staircase and enter into this beautiful contemporary post and beam home. Your eyes are immediately drawn to the glorious views of the moors and Long Point framed by a wall of windows. This dramatic great room has a propane FP, 2 story ceilings, skylights and ceiling fan. The chef’s kitchen has a professional grade 6 burner stove w/grill, potfiller, s.s. appliances, including an icemaker, wine cooler and additional prep sink. 1st floor master w/views, deck and en-suite bath w/spa tub & sep. shower. Upstairs, 2 of the 3 bedrooms have beautiful views and decks. The lower level houses a temperature controlled wine cellar and has access to the garage and storage rooms. Central sound system, vacuum, radiant heat and elevator. Entertain outside with an outdoor kitchen and low maintenance perennial gardens.

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82 Commercial Street sold for $2.350M, a seven bedroom four bath West End house with 3,294 square feet

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MLS COPY: Offered on the public market for the first time since it was built in 1820, this showplace has only had 3 families own it in the past 100 years. This classic Cape Cod home, with its sweeping lawn & white picket fence, is an iconic property in Provincetown’s West End, one of a very few that boast this square footage on almost a 1/4 acre of land, in the heart of the historic district. The house has been impeccably restored to its original grandeur, and all of its core infrastructure has been brought up to date. The home is expansive, w/ 7 bedrooms, pine floors, period wainscoting and trim, formal living and dining rooms each with wood burning FPs, and a classic sunroom that offers views of Long Point Light. Underground utilities, irrigation, new HVAC, wiring, sewer connection, security, generator, ext siding & cedar roof w/in recent years.

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6 Atwood Avenue sold for $1.420M, a six bedroom, three bath West End retreat.

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MLS COPY: A rare opportunity in the West End of Provincetown sits The Garden at 6 Atwood Ave. The property is comprised of a six bedroom antique single family and a 1BR cottage on a generous 10,538 SF lot on a picturesque private lane and is steps to the West End beach and boat launch. The property which has been in the same family for nearly 25 years offers many opportunities from a wonderful family compound, an income generating B&B, or potential for development. There is an outside shed and parking for about 6 cars. Enter the main house from the winding path through the lush gardens into the sprawling home with an oversized kitchen/dining rm with vaulted ceilings, comfy living rm, 4 BR and 2 baths and a den all on the main floor. 2 beds and 1 bath upstairs.

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14 Cottage Street sold for $1.952M and is an iconic West End home with three bedrooms, four baths and 2,133 square feet.

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MLS COPY: In the heart of the historic West End, this renovated and rebuilt antique home has it all. Situated on an oversized lot between Cottage & Nickerson Streets, the property is lushly landscaped w/mature plantings that offer a great deal of privacy. The house though traditional appearing on the outside, offers a pleasing open floor plan & 2 master suites. No detail has been overlooked in the design & all finishes reflect the finest in aesthetic and taste. The kitchen features double thick soapstone counters, an Aga Range & a large dining area. The spacious living room is anchored by a wood burning fireplace w/granite surround. The masters each have vaulted ceilings & exquisitely tiled bathrooms.A finished basement offers extra living space or future media rm. All systems and construction just 10 yrs old. Irrig, sec sys,outdoor shwr,3-4 pkg. a. The spacious living room is anchored by a wood burning fireplace w/granite surround. The masters each have vaulted ceilings & exquisitely tiled bathrooms.A finished basement offers extra living space or future media rm. All systems and construction just 10 yrs old. Irrig, sec sys,outdoor shwr,3-4 pkg.

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76 Commercial Street #3, one of the most intriguing properties in the West End sold for $1.512M. It is a two bedroom, 1 bath condo with 1,737 sf. Asking price was $1.750M

76

MLS COPY: Acclaimed artist Hans Hofmann used this space for his school of art and studio from 1945-66. Carefully restored, this unique home is adaptable to all lifestyles. With original flooring and ship-timber constructed gallery framing the hearth, this 19′ high space is illuminated by an 11’X14′ studio window. A galley kitchen opens to the living area with a breakfast nook of large windows that open to create a summer porch. There are two bedrooms; one fashioned from a porch is bathed in morning light, the other more spacious and contemporary. Overlooking the studio is a loft and gallery, serves as an office and accommodates a daybed. Throughout the Studio there are reminders of its history including Hofmann’s signature upon the door to his office, easel and paint pallet. Enjoy this unique home and its well sought after West End location.

See all available properties at Beachfront-Realty.com. 

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Provincetown Sale of The Week – 39 Pearl Street – $900K

39 Pearl Street a two family house with a total of 3 bedrooms and 3 baths and 1,451 square feet. It sold for $900,000, with  listing price of $895,000.

 

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MLS COPY: You’ll delight in this enchanting antique two family property, centrally located on quaint Pearl Street near to the Fine Arts Work Center. Lots of sunlight streams into the first floor owner’s unit, which is comprised of 2BR, 1.5BA and features wood floors, exposed beams, original built ins and several options for outdoor living. An interior courtyard provides a lovely private space for dinner parties, while the brick patio facing the front of the property creates a great space for lounging or entertaining. Upstairs, a bright and airy 1BR/1BA apartment offers options for an income unit or private space for your overnight guests. The upstairs apartment has a deck off its living room. Beautiful plantings abound, outdoor shower, and 3 parking spaces make this a unique offering.

 

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See all available properties at Beachfront-Realty.com

 

 

 

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The Goode and Farmer Report – July 2016

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The Lowest And Highest Priced – Single Family Homes In Provincetown.

Single Family snapshot in Provincetown

There are thirty-two single family properties on the market in Provincetown with asking prices from $589,000 to $3,399,000. As expected they cover a wide spectrum of style, size, location and quality.   Eight have asking prices below $1M, Seventeen are priced between $1M and $2M, and, seven are priced above $2M.

The least expensive house is a charming old neighborhood greek revival on Bradford Street that needs renovation. The most expensive is a gorgeous contemporary at the very tip of the Cape at Pilgrims Landing. These two homes are half a mile apart, much less as the seagulls fly.

 

5 Bradford Street is a two bedroom one bath house with 1,207 square feet on a 4,043 square foot corner lot. The asking price is $589,000

 

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MLS COPY: This Greek Revival-style sidehall home is ready for polishing and offers unique potential to buyers and investors willing to put some attention into rehabilitation. Located in the West End on a generous corner lot and just one block from Commercial Street. Home has been owned and lived in by the same family for well over 60 years. Rooms are spacious and sunny. Title 5 engineering plan completed for a 2 bedroom and septic installation will be the responsibility of the Buyer. Listing courtesy of Cape Cod Oceanview Realty.

 

 

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6 Pilgrims Landing  is a remarkable contemporary with three bedrooms and three baths and 2,462 square feet perched on top of a dune at the very tip of the Cape at Pilgrims Landing. It has an asking price of $3,399,000.

 

 6 P 1MLS COPY: This contemporary home is sited high on a dune to take advantage of the panoramic views of the beautiful salt marsh, the mile-long breakwater and Cape Cod Bay. The home was designed to reflect the architecture of the Gropius Anchor home. Stepping into the interior of the house you’re immediately enveloped by the soaring height of the ceilings and beautiful views. This floor encompasses the stunning master suite, guest bedroom and bath connected by a suspended steel and glass bridge. Heading down a flight of stairs is the main living area comprised of a chef style kitchen and dining area, living room with a dramatic floor-to-ceiling fireplace and a third bedroom and bath. Truly a work of art! Listing courtesy of Kinlin Grover Real Estate.

 

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A total of 34 single family properties sold last year. Eight have sold year to date.

 

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

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Provincetown Sales – Last Four Weeks

 

Sales Activity in the last four weeks in Provincetown speaks to the balance and diversity of the real estate market here.

22 properties sold in the last 4 weeks, April 15 to May 12.

10 sold in the entry level category up to $500K representing 45% of sales.

6 sold in the $500K to $1M category, representing 27% of sales.

6 sold above $1M, representing 27% of sales.

In my last post I highlighted three of the six  $1M plus properties that sold. Below are three properties in the $500K or less category representing the best of the bunch that sold in the past 4 weeks.

 

45 Commercial Street #14 is a waterfront studio that sold for $342K on a listing price of $349KThis is a nicely renovated studio in a well run waterfront complex in the West End. Proof that you can find affordable waterfront property.

 

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MLS COPY: Perfect West End Waterfront studio. Beautifully renovated 2nd floor condo with partial water views from the deck and corner window. Nicely updated granite kitchen and a tile bath compliment the open floor plan. Light filled with 3 exposures and large sleeping alcove. New mini split AC/heat. Huge common deck right on the water with beach access. Perfect weekend getaway or a great rental property. Association permits pet for owners, weekly rentals allowed. Common laundry! Well managed association. Off-site parking .

 

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359 Commercial Street #A sold for $390K with a listing price of $389K. It is a 360 square foot one bedroom condo in a waterfront complex in the East End.

 

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MLS COPY: Charming 1 bedroom/1 Bath home located in a waterfront Condominium complex. Centrally located with beach access and convenient to all that Provincetown has to offer. The unit was professionally remodeled in 2015 – new kitchen with granite counters, hardwood floors, beautiful cabinets, full size stove/oven, refrigerator with ice maker, dishwasher, full size built in microwave. Six beautiful new windows face the water with views of the beach, harbor and MacMillan Wharf. Enjoy dining for breakfast, lunch or at sunset on your brick porch with views of the harbor. Great rental history or perfect pied-a-terre.

 

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9 Wareham Ave #A sold for $485K on a list price of $499K. It is a large one bedroom condo with 890 square feet located in the central part of town.

 

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MLS COPY: This is the 1BD/1BA newly constructed home you have been waiting for to hit the Provincetown market. What makes it special: 890 square feet of living space; oversized bedroom connected to a full bath with laundry; bright kitchen, dining and living area with vaulted ceiling; exclusive fenced yard area perfect for pets and gardening; three parking spaces; and even a freestanding insulated shed with electricity. Located in the center of town, yet tucked off a quiet side street, this property offers both privacy and easy access to all that Provincetown has to offer. It is absolutely perfect as a year-round home or investment property.

 

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See all available properties on Beachfront-Realty.com

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The Goode And Farmer Report – April 2016

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Provincetown Listing Of The Week – 124 Commercial Street

124 Commercial Street just came on the market.  It is familiar to you as it is right across from the coast gaurd station on the corner of Whorfs Court.  It is a two unit house with 2,259 square feet and is being marketed for $1,899M.

 

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MLS COPY: Spectacular, newly renovated designer quality two family home! Distinctive for its chrome yellow double door front entry and white picket fence, the house sits at the corner of Commercial Street and Whorf’s Court, across from the Coast Guard parking lot. This 1830s antique has a two level owners unit with a first floor den, guest bedroom and guest bath, an upstairs master bedroom(king)and master bath, an extravagantly outfitted kitchen, large dining area and dramatic vaulted living room with fireplace and unobstructed water views. A bluestone patio at the front entry offers terrific people watching. Unit 2 on the first level is a handsome 2 bedroom 2 bath that is just as beautiful and produces generous rental income.

 

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See all available properties at Beachfront-Realty.com.

Listing courtesy of Raveis Real Estate.

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Rising Prices In Boston Neighborhoods

Informative post by Scott at Boston.com.

Where condo prices are rising fastest in Greater Boston

The median condo price in Cambridge is $570,000.
Josh Reynolds/Boston Globe
 images

The Boston area condo market is poised to get even more expensive in 2016, with rising prices spreading from shiny new luxury towers downtown to traditionally working class enclaves.

The median condo price in downtown Boston neighborhoods like the Back Bay, Beacon Hill, the South End and the Fenway hit $775,000 in 2015, up 9 percent from the year before, according to The Warren Group, publisher of Banker & Tradesman.

But neighboring Revere, and Boston neighborhoods like Roxbury, Dorchester and East Boston, saw even bigger, double-digit increases.

Revere saw one of the biggest jumps in condo prices in the Boston area, with the median value leaping more than 23 percent to just under $280,000 in 2015. Sales were also up 9.8 percent for the year.

Roxbury condo prices were not far behind, rising 17 percent, to $427,500.

Dorchester, which is starting to see proposals for new condo developments, saw its median price rise nearly 12 percent, to $341,500, while East Boston hit $339,000 after an 11 percent jump.

“Bidding wars have moderated a little, but we saw 35-40% of Boston city neighborhood condos sold last year go over asking price,” noted Michael DiMella, managing partner of Charlesgate Realty.

In fact, DiMella said that number rises to 50 percent when it comes to affluent and super-hot neighborhoods like the South End and Charlestown, which saw a 27 percent jump in sales last year, one of the largest increases in the Boston area. The median price of a condo in Charlestown rose 7 percent, to $570,000, according to The Warren Group.

Increasingly upscale South Boston saw prices rise 11 percent, to $555,000.

“There’s some variation from neighborhood to neighborhood, but there was strong median price growth throughout downtown Boston, especially when you look at price per square foot,” DiMella said.

Student-packed Brighton, which is seeing its own surge of new residential construction, also saw condo prices rise 9 percent, to $353,500, while sales edged up 4.7 percent, The Warren Group reports.

Hipster hotspots like Somerville, Jamaica Plain and Cambridge also experienced big run-ups in condo prices in 2015, though sales lagged amid a tight market that saw a decline in the number of units for sale.

Cambridge prices edged up nearly 6 percent, to $570,000, while Somerville was not far behind after a 13 percent jump boosted its median condo price to $540,000. But sales fell 5 and 15 percent in Cambridge and Somerville, respectively, Warren Group stats show.

Jamaica Plain proved to be an exception, with sales rising 6 percent and its median condo price hitting $440,000 after a 10 percent increase.

“The most important driving force in the market is lack of inventory,” notes veteran Coldwell Banker real estate agent Sara Rosenfeld, who has been selling real estate in Somerville since the early 1980s. It is “supply and demand – simply laws of economics.”

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The 20 Hottest Markets In US

A good review of the hottest real estate markets – by Brena at Housing Wire.

Here are the 20 hottest housing markets

San Francisco keeps top spot

san jose and san Fran

As 2016 begins, the residential market is going through its typical seasonal slowdown.

But despite the winter cool down, these markets are still shining through as the 20 hottest markets in the nation, with San Francisco once again landing the title of the hottest housing market in America, the latest report fromrealtor.com said.

However, while supply is moving slowly, it is still faster than last year, with days on the market is down 7% y/y.

On a similar note, the report found that the median list price in December is also down slightly from November. While this is consistent with the season, the decline is not as dramatic with prices stronger than usual in December.

Here are the 20 hottest housing markets in December

20. Midland, Texas

19. Fort Wayne, Indiana

18. Tampa-St. Petersburg-Clearwater, Florida

17. Boulder, Colorado

16. Detroit-Warren-Dearborn, Michigan

Mich

15. Modesto, California

14. Palm Bay-Melbourne-Titusville, Florida

13. Nashville-Davidson-Murfreesboro-Franklin, Tennessee

Tenn

12. Oxnard-Thousand Oaks-Ventura, California

11. Los Angeles-Long Beach-Anaheim, California

10. Stockton-Lodi, California

9. Yuba City, California

8. Santa Rosa, California

7. Denver-Aurora-Lakewood, Colorado

Colorado

6. San Diego-Carlsbad, California

5. Sacramento-Roseville-Arden-Arcade, California

4. Dallas-Fort Worth-Arlington, Texas

Dallas Roads

3. Vallejo-Fairfield, California

2. San Jose-Sunnyvale-Santa Clara, California

1. San Francisco-Oakland-Hayward, California

Bridge