586 Commercial Street #13 is a large two bedroom two bath condo with 1,754sf. in the East End. A penthouse with great water views, the condo was listed for $999K and sold for $1,312,500.
MLS Remarks: Located at Ship’s Bell in Provincetown’s historic East End, this 1,754 sq. ft. 2br/2ba penthouse offers open-concept living with all of the amenities you could want, and more. These features include: views of the bay; 2 parking spaces (1 on Bradford, 1 on Commercial); 2 exclusive-use decks; en-suite primary with a jacuzzi tub; in-unit washer and dryer; deeded beach access; basement storage; and even a fireplace centered between the formal dining area and spacious living room. A vaulted ceiling with skylights offers abundant natural light throughout the day! The eat-in chef’s kitchen has granite counters, stainless appliances and a breakfast bar. On the second floor, there is a rec room that would make a wonderful in-home office and has direct access to a mahogany deck with bay views. Pets for owners and vacation rentals permitted. $570 per sq. ft.
8 Kimberly Ave is a single family home with four bedooms and 4.5 baths. It has 2,748 sf of space on a third of an acre lot.
MLS Remarks: This well-maintained and thoughtfully updated West End single family home, will truly delight you with its space, abundance of light and lush gardens. 8 Kimberly Lane is an oasis of elegant privacy tucked away in a quiet cul de sac. The main floor’s living room and kitchen are designed for open concept living with a wood burning fireplace, hardwood floors throughout and a mahogany deck overlooking the backyard. The spacious family room provides beautiful views of the front and backyards. The main floor also includes an en-suite bedroom and a half bath. The upper level is generously shared by the primary bedroom with a balcony and an additional bedroom, both boasting vaulted ceilings and updated en-suite baths. The lower level features a guest suite with tiled bath, wet bar and wood-burning fireplace. French doors open onto a stone patio with a fire pit, jacuzzi and a backyard perfect for entertaining. Listing courtesy of Gibson Sothebys Int’l Real Estate.
11 Bradford Street is a three bedroom two bath single family house in the West End of Provincetown.
MLS Remarks: Antique single family home at the corner of Mechanic, Bradford and School Streets, in the West End, A 2018 remodel included a bump out addition on the first floor and two dormers on the second. The exterior is finished with a cedar shake roof and clapboard siding detailed with onion lanterns and wood shutters with working hardware. The first floor has an open floor plan, loads of windows and high ceilings. Soapstone kitchen counters, an apron sink and antique cast iron stove reference the past while Fisher-Paykel double dish drawers & wall oven keep it current. A full bath with shower complete this level. Three bedrooms and another full bath are on the 2nd floor where again high ceilings and lots of windows make the efficient layout livable. Directly off the great room a 300 square foot sundeck anchors the the backyard which is well landscaped with lawn, trees, shrubs, perennials and privacy and picket fencing. There is a garden shed, an outside shower and a well with irrigation to keep it lush. There is AC throughout the house. The laundry, oil heating system and ample storage are in the basement. Off street parking for 3 cars complete the package.
481 Commercial Street #2 is a one bedroom waterfront condo with beach and bay views from every window. The private deck sits on the water – what a lovely way to spend your day!
The Boathouse is one the most sought-after waterfront cottages in Provincetown. This one-of-a-kind property sits on the water and has sensational views on three sides offering an extraordinary beachfront experience. The private deck provides some of the best views of the bay beach and the Provincetown waterfront. The Gallery District is right outside your door as well as some of the best restaurants in town. The living area is wide open to the deck, lovely for year-round use and has a cozy window seat overlooking the water. There is a fireplace with a warm barn-board surround. The fully equipped kitchen has a breakfast bar with a glorious view out to the east end beach and beyond to Truro. The bedroom has vaulted ceilings and a barn-door slider for privacy. The renovated bathroom has granite countertops with custom tiling. There is common laundry area and parking for one car. The Boathouse has one of the highest rental incomes in the complex – which itself is one of the top rental destinations in town.
3 WinslowStreet is a wonderful example of an intelligently updated antique home with all the modern and timely amenities. It was listed t $1.925M and sold for $1.830M.
MLS REMARKS: Stunning Greek Revival single family home located in-town center, tucked away and private. This historic home has been carefully updated integrating its architectural roots into a more contemporary floor plan with open spaces, high ceilings and is well connected to exterior living-rooms. The home has four bedrooms and four full baths and is surrounded by lush mature gardens which accent its walled brick courtyards. Enter into the home’s vestibule which leads to a light filled open living room and dining room with high ceilings, a wood burning fireplace and a hidden wine cellar. The dining room has a wall of glass with French doors to a walled brick courtyard with parterre garden. The garden provides year-round interest from its structure and its variety of plantings. Off the dining room is a Cape styled kitchen with beautiful white cabinetry, updated and upgraded appliances (Bosch, Thermador and Miele), lots of counterspace, and a banquette for casual dining. The kitchen leads to another brick courtyard, ideal for morning coffee. There is a well sized bedroom suite on this level that has been re-purposed as an office.
This room is anchored by another wood burning fireplace , a full bath , a dry sauna along with access to the courtyard, an outdoor shower and just steps to an exercise room! The second level has three bedrooms. The primary suite has high ceilings, built-in bookcases, and a sitting area. There is a large master bath with radiant heat, a soaking tub and a walk- in open tiled shower. On the opposite side of this floor are two spacious guest bedrooms, with sitting areas along with another full bath. This home at 3 Winslow Street combines historic accents to modern day living requirements and luxuries.
6 Pilgrims Landing is a three bedroom, three bath “modern marvel”. It has been a stunning visual landmark in the far East End at The Moors since it was constructed. The house has 2,462 square feet on two levels and sold for $3.5M.
MLS Remarks: This architecturally significant ” one of kind” modern marvel designed by world renowned architects Hariri & Hariri is being offered for sale for the first time in several years. This home features, 3 beds & 3 full baths. Rare is an understatement as this contemporary home features unsurpassed views of Cape Cod Bay and the Ocean. State of the art appliances, a floating glass walkway whisks you to a master suite, geothermal heating system, industrial windows and pored concrete floors heated by the eco friendly geo thermal system, keeping this home warm in the winter and cool in the summer months. This stunning estate is located below the Murchison estate designed by the famous architect, Walter Gropius. This Hariri & Hariri designed home is located behind a private gated fence, in the far West End of Provincetown where the Pilgrims first landed on November 21st 1620, thus the name ” 6 Pilgrims Landing. Exclusive, serene and featuring the best views and historic location in all of Provincetown.
We are all wonderting where the market is headed – Buyers and sellers, real estate agents and brokers – everyone is trying to read the market as they plan their next real estate moves. Is it a good time to sell? Should I buy now? Should I step back and wait?
FACT – The lack of inventory is driving the market. In Provincetown there are 13 condos on the market versus 80 last year at this time. Down 84%. There are 12 single family homes on the market vs 40 last year. Down 68%. In Truro there are 5 single family homes on the market versus 40 last year. Down 87%. In Wellfleet there are 7 on the market versus 27 last year. Down 74%.
FACT – Interest rates remain low which is softening the blow of higher prices.The national average for a 30 year fxed rate mortgage on June 14 was 3.325%.
FACT – Buyer demand is not showing any signes of slowing – it reamains very high.
FACT — Many properties are selling over asking, BUT, most are not!~ Below are examples of both situations.
In Provincetown 91 properties have sold YTD. Twenty-one have sold over asking. (22%)
93 Commercial #7, 1B/1Ba, asking $599K, SOLD $575K
350 Bradford St #10. 2B/3B, asking $1.295M, SOLD $1.12MB
480 Commercial St #1, 2B/2Ba, asking $819K, SOLD $960K.
8 Court St #B, 2B/1Ba, asking $599K, SOLD $810K.
FACT – The market is not balanced by any measurement. It is a sellers market.
FACT – The chances you will have to overpay for a desirable property are high. The most in demand properties are two bedroom two bath condos in the near East and West ends.
FACT – Markets do adjust. Prices tend to moderate if there is more supply. When will more inventory come on the market? We are seeing very faint indications that additional inventory is beginning to come to market now. Sellers are realizing that this is one of the best times in history to sell their property. If sellers don’t have to buy anything to move into they’re golden. If they do they are running into the same problem other buyers have. There is just not enough supply.
FACT – We dont know how or when the market will adjust. More sellers may decide to take advantage of the sellers market and that will help the supply situation. At the same time there may be some price resistance from buyers as they see prices continue to increase which may effect the demand side. Both may have a moderating effect and help to rebalance the market.
There are indications nationally that the inventory problem my be easing and that prices may also be leveling off. Of course the outer Cape market is more unique than most, and none of us have a crystal ball!
Put things in perspective. Make sure you have all the facts – and make your decisions based on what makes sense for your real estate goals and strategy.
Hopefully we will begin to see some balancing of the market as we move through the sunmer season into the important fall selling season. I will keep you updated as best I can.
For those who are concerned about the lack of inventory available, here is a very special one of a kind property that just came on the marlet – 11 Oppen Lane is one of the most substantial propertes in all of Provincetown. It has two bedrooms, five bathrooms and 3,142 square feet. There is also a seperate artist studio and a hilltop gazebo that looks out to the ocean and bay.
MLS REMARKS: You will be utterly captivated by the broad sweeping views from this spectacular property perched atop a hill over Point Street in the heart of the desirable West End. Located at the end of a private road, and sitting on over one acre of land, this mid century modern inspired home boasts unparalleled views and privacy. The home’s floor plan is open and airy, with beautiful wood floors throughout and a wall of windows facing the harbor, perfect for entertaining or quiet times at home. The chef’s kitchen is bright, offers gas cooking and features SubZero and Fisher & Paykel appliances. The living room features a large gaslog fireplace, flanked by floor to ceiling windows, and has a door out to a lovely waterview deck overlooking the yard with a pond at its center. The primary bedroom is in its own wing, with a walk-in closet and a large en-suite bathroom with sliders out to a private deck with an outdoor shower.
The guest suite on the main level also features an en-suite bath. On the bright lower level, you’ll find a large den with a wet bar, an office area, a full bath, lots of storage and interior access to a one car garage. Outside, ascend a path to an enchanting gazebo built atop the highest point on the lot from which you will enjoy breathtaking views out toward Wood End and Long Point Lights. Also on the property is an artists studio in a separate building with a kitchenette and full bath. Listing courtesy of Gibson Sothebys Int’l Real Estate.
505 Commercial Street is a local treasure. It is the artist Pat de Groots old h0use, a watefront gem with two bedrooms and 3,572 square feet with expansive decking right on the bay beach. It sold for $2.7M on an asking price of $2.850M.
In a spring selling season that is anything but normal, there are still inportant properties selling, adding a degree of histoic calm to the otherwise crazy market.
MLS REMARKS: RARE WATERFRONT GEM! A chance to own part of Provincetown history! Originally built and owned by renowned artist Pat de Groot, now owned by prominent painter Anne Packard, it’s easy to see why this property is a creative’s dream. The sweeping views of the Bay and Long Point all throughout the home will take your breath away. There are three attached exterior decks to enjoy the breeze and entertain outdoors. Walk down a few steps from your deck and spend your day right on the beach! This exceptional East End property has a two family designation and offers spacious living in the main house, with a bonus of a separate unit above ideal for renting, extra guests or studio space. The original wood from floor to ceiling and wood burning fireplace make for a cozy home, while ample windows frame stunning seascapes and invite in the beautiful natural light. This generous sized lot offers plenty of privacy, with a whimsical front yard and two parking spots. A special opportunity not to be missed, there are not many properties like this left in Provincetown!
