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Provincetown 2015 Calendar


Provincetown Calendar 2015

September 2013

 

 

 

 

 

 

I thought this calendar might be helpful for all of you as you plan your Provincetown travels this season. Courtesy of the PBG, Provincetown Business Guild. 

Please stop in to say hello at Beachfront Realty, 139 Commercial Street, water side, at the base of Pleasant Street in the West End.

 

JUNE 2015

 

4-7 Women of Color Weekend – ProvincetownForWomen.com
5-7 The 9th International Encaustic Conference – CastleHill.org
6 Carnival of the Dogs – ProvincetownDogPark.org
6-8 WorldFest – facebook.com/worldfestptown
12 & 13 Great Choral Music by Bach, Durante and Fauré – OuterCapeChorale.org
17-21 Provincetown International Film Festival – PtownFilmFest.org, 508-487-FILM
22 Outriders Boston to Ptown Bike Ride – Outriders.org
25-28 Provincetown Portuguese Festival & Blessing of the Fleet – ProvincetownPortugueseFestival.com

 

JULY 2015

 

2-10 Independence 2015 – OnlyAtTheCrown.com
3-5 Independence Day Weekend
4 July 4th Parade starts at 11am, begins East End, Harbor Hotel and proceeds up Commercial to Franklin Street. Fireworks start at dusk over Provincetown Harbor (view from any bayside beach)
11 Provincetown Art Association 12×12 Silent Auction Closing Party – www.PAAM.org
11-19 Bear Week in Provincetown – www.ptownbears.org
12 PAAM Annual Secret Garden Tour – www.paam.org
21-25 Girl Splash – www.girl-splash.com
25-8/1 20th Annual Family Week – www.familyequality.org/familyweek/
28-8/1 5th Annual Whale Week to benefit the Provincetown Center for Coastal Studies – CenterForCoastalStudies.org

 

AUGUST 2015

 

15-17 The 11th Annual Provincetown Jazz Festival – ProvincetownJazzFestival.org
15-21 Carnival Week – www.ptown.org
20 Carnival Parade: starts at 3pm – www.ptown.org

 

SEPTEMBER 2015

 

7 Labor Day
7-10 The Great Provincetown Schooner Regatta – ProvincetownSchoonerRace.com
11 22nd Annual Celebration of Life Concert – Swim4Life.org
12 Swim for Life & Paddler Flotilla – Swim4Life.org
12 Castle Hill Paints the Town – CastleHill.org
14-20 Afterglow Alternative Performance Arts Festival – AfterGlow Festival.org
18-10 Cape Cod Classic- National Gay Pilots Assoc. – NGPA.org
24-27 10th Annual Provincetown Tennessee Williams Theater Festival – TWPtown.org
25-27 Pet Appreciation Weekend (PAW) CASAS – CasasAnimalShelter.org 508-487-4243
26 Cape & Island K-9 Bike Run – CapeCodPoliceK9.org
26 & 27 Provincetown Dahlia Show – www.facebook.com/groups/PtownDahlias

 

OCTOBER 2015

 

1-4 Mates Leather Weekend – www.matesleatherweekend.com
9-12 Columbus Day Weekend
9-12 Fall Monumental Yard Sale Weekend – Ptown.org
10 PAAM Gala Guess Who’s Coming to Dinner – PAAM.org
12-18 31st Annual Women’s Week – WomensWeekProvincetown.com
18-25 Fantasia Fair – FantasiaFair.org
21-25 Provincetown Round Up Weekend – ProvincetownRoundUp.org
23-24 Provincetown Dance Festival – www.CastleHill.org
22 Tour Guide Appreciation Day – PtownTourism.com
27 Helltown on Winthrop – WaterShipInn.com
31-November 2 Spooky Bear Weekend – www.ne-ursamen.org
30-November 1 Halloween Week

 

NOVEMBER 2015

 

FREE parking in our municipal parking lots… COME VISIT!

30-November 1 Spooky Bear Weekend – www.ne-ursamen.org
6-8 Men’s Weekend – www.PtownMensWeekend.com
11 Veteran’s Day
13-15 Weekend Benefit for Wild Care Cape Cod – an weekend of birding & tracking, walks & interactive talks, special 2 nights stay Provincetown Hotel, dinner Napi’s and much more! 508-487-2779WildCareCapeCod.com
14 SKIP Benefit – Hit the Holidays Cocktail Extravaganza! Call SKIP, 508-487-8331 for details. – PtownSoup.org
25 Lighting of the Monument 5-7pm – Pilgrim-Monument.org
26-29 Thanksgiving Weekend Art & Craft Fairs! Great Holiday Shopping!
26 Thanksgiving Day
27 PBG Casino Night – www.Ptown.org
28 Lighting of the Lobster Pot Tree Lopes Square – ProvincetownView.com

 

DECEMBER 2015

 

FREE parking in our municipal parking lots… COME SHOPPING!

1 World AIDS Day – www.asgcc.org
4-6 PBG Holly Folly Weekend – www.ptown.org
5 SKIP Benefit Souper Saturday – A Holly Folly fundraiser for SKIP. 508 487-8331 – www.PtownSoup.org
13 David Asher Senior Dinner at the VFW
25 Christmas Day
31 New Year’s Eve – Begin the year in Provincetown! Reservations a must! Call your favorite Restaurant and Accommodation.

 

Hope this is helpful – see you soon.

Categories
architecture general info style

Provincetown Listing Of The Week – Coolest Beachfront Condo

In the near West End at 149 Commercial Street #A2, is an 843 square foot beachfront charmer. This top floor condo is a very special slice of Provincetown and is on the market for $749,000.

 

149 1

 

 

 

 

 

 

 

This waterfront property is the quintessential Provincetown beach house. This West End top floor condo offers full water views and all that comes with a beachfront life style. The sunny open plan living area has vaulted ceilings and an oversized wood burning fireplace. This property is one of the last authentic beachfront lofts, updated enough with all the comforts, yet retaining the original Provincetown art colony feel. The kitchen has newer appliances. There are 3 sleeping areas, two lofts and one fireside. There is a large private deck off of the living area. The common beach front deck is directly on the water. Parking for one car, laundry. The association is connected to the Municipal Sewer System. The condo has not been rented but income potential is great with no rental restrictions. Pets are allowed for owners

 

149 5

149 2

149 4

149 3

 

 

 

 

 

 

Call me if you would like to see this incredible property.

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

 

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analytics general info

The Most Expensive Towns In Mass.

Interesting post by Scott.

 

Homes are getting more expensive all over Mass., but these towns have it worst

Gallery 1

216 Randolph Ave. in Milton, where the median home price rose 77 percent over last year.

Boston Globe

By Scott Van Voorhis

Boston.com Correspondent

The cost of buying a house in Massachusetts, already one of the most expensive states in the nation, just keeps on going up.

The pattern continues

Bay State home prices rose again in April, and several Greater Boston suburbs posted some of the biggest gains.

The median price of a home in Massachusetts rose 3 percent from last year to $324,500, reports The Warren Group, which tracks home prices across the state.

Home sales fell 7.6 percent, but given that most of the initial purchase and sales agreements were inked in February amid record snowfall, with the final closings in April, the decline was likely a result of the extreme winter weather, said Timothy M. Warren Jr., The Warren Group’s chief executive.

“Prices, though, continue to rise, which tells us that the demand is there and the market is strong,” Timothy M. Warren Jr. of the Warren Group said. “Lack of inventory is the biggest problem.”

Overall, a combination of strong demand coupled with a shortage of homes for sale has helped drive prices up, experts say. Newly built starter homes are somewhat of a rarity inside Route 128, and home building numbers are down in general across the state.

“Prices, though, continue to rise which tells us that the demand is there and the market is strong,” Warren said. “Lack of inventory is the biggest problem.”

Some towns stand out

Home prices have risen across the state in the past 30 out of 31 months, according to the Massachusetts Association of Realtors, which issued its own report. And some communities with extreme price increases also saw big dips in the amount of homes for sale.

• Milton saw its median price rise 77 percent to $753,000. The number of homes for sale dropped by nearly 12 percent, according to MAR.

• Hingham saw its median price soar past $952,000. Meanwhile, homes for sale dropped 23 percent.

• Westwood saw a 42 percent increase, to $707,000, while the number of homes on the market lowered by 6 percent.

Arlington, Medfield, Framingham, Natick, Hopkinton, Needham, Lexington, Milford, Newton, North Andover, and Andover all saw price increases ranging from 12 to more than 30 percent. With a couple exceptions, most also saw the number of listings drop.

Peabody, Quincy, Rockport, and Concordsaw significant price increases as well in the 8 to 9 percent range, MAR notes.

Condo sales are more varied

Meanwhile, condo prices fell statewide by 4 percent from last year to $305,000, with sales declining by 12 percent, according to the Realtors group.

However, a number of Boston area communities bucked that trend to follow the familiar growing-prices/falling-inventory arc instead, MAR finds.

• Newton: median condo price jumped 28 percent to $675,000, while the units on the market fell by 33 percent.

• Arlington: 15 percent jump in median condo price to $472,000, coupled with a 23 percent drop in the number of properties on the market.

• Brookline: median condo price rose 14 percent to $672,000, while the number of units for sale dropped by a quarter.

• Boston: median condo price rose 11 percent to $519,000, while listings fell 15 percent.

 

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$1.5M On The Cape

 

Another great curbed Comparison from Jazmine at Curbed.Com.

What $1,500,000 Buys You on Cape Cod 

 by Jazmine Donaldson

It’s time once again for Curbed Comparisons, where we break down what you can get at the same price point, style or size in five different Cape and Islands neighborhoods. This week, listings for around $1,500,000.

760camp.jpg
[760 Campground Road, Eastham via Realtor.com]

Here now, eight Cape Cod properties asking $1,500,000– year-round, on the beach, close to the beach, abutting the Cape Cod National Seashore, in the village, with an in-ground pool, Circa 1890, with fireplaces galore, recently PriceChopped, move-in ready, and ready to rent – with a little something for everyone.

Map data ©2015 Google

What $1.5M Buys on Cape Cod

POCASSET
Kicking off in Pocasset with a 6BD, 4.5BA water view estate consisting of a main residence and carriage house on 1.13 acres. Asking price is $1,495,000.
580 SHORE RD, POCASSET, MA
WEBSITE
WEST FALMOUTH
When we first wrote about this circa 1890 charmer on West Falmouth Harbor, a commenter asked, “Wouldn’t you love to see Grandpa’s face when you tell him the ol’ family cottage is now worth $2 mil smackers?” Alas, two chops later, the ask is down to $1,500,000.
8 RICE STREET, FALMOUTH, MA 02540
WEBSITE
NEW SEABURY
For better or worse, the ’70s are alive and well in this 2,766-sq.-ft. home “on New Seabury’s prestigious Triton Way.” The .43 acre spread has an in-ground pool and is asking an even $1,500,000.
35 TRITON WAY, MASHPEE, MA 02649
WEBSITE
DENNIS VILLAGE
Built in 2006 on .55 acres, this 4BD, 4BA just “a stroll to beautiful Bayview Beach” features multiple fireplaces, built-ins galore, top of the line appliances in the kitchen and a finished lower level. Asking price is $1,495,000.
21 MONROE WAY, DENNIS, MA 02638
WEBSITE
HARWICH PORT
Once asking $1,895,000, this 3BD “in one of the most desirable neighborhoods in Harwich Port” is now hoping for $1,495,000. As for views and beach access, “step out to the front yard, look to your left and you see the ocean less than one tenth mile to Nantucket Sound.” So there’s that.
29 NEEL ROAD, HARWICH PORT, MA 02646
WEBSITE
EASTHAM
This 1940s compound on Cape Cod Bay includes a main house and guest cottage on .25 acres. The spread has views galore, an 800-sq.-ft. deck, and private stairs to the beach for $1,499,000.
760 CAMPGROUND ROAD, EASTHAM, MA 02642
WEBSITE
TRURO
This tricked-out .78 acres spread “on a hill abutting the Cape Cod National Seashore” features an in-ground pool, perennial gardens and a 3BD with a screened-in porch with a built-in grill and hot tub. A $255K pricechop in early May brought the ask down to $1,495,000.
1 NELSON DRIVE, TRURO, MA 02655
WEBSITE
PROVINCETOWN
Finally, to PTown. This West End contemporary features views of Provincetown Harbor and Long Point Lighthouse from the top floor, lots of parking and three bedrooms in 3,798-sq.-ft. Asking price is $1,495,000.
24 BRADFORD STREET, PROVINCETOWN, MA 02657
WEBSITE
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$499,000 On The Cape

Great post by Jazmine!

What $499,000 Buys You on Cape Cod Right Now

 Jazmine Donaldson Curbed.com

361commercial.jpg
[361 Commercial Street, Unit C, Provincetown via Zillow]

Here now, eight Cape Cod properties asking $499,000 – year-round, condos, Capes, close to the beach, in need of TLC, in the village, with an iconic small business on Provincetown Harbor, with fireplaces galore, recently PriceChopped, move-in ready, and ready to rent – with a little something for everyone.

What $499K Buys on Cape Cod
SAGAMORE BEACH
Kicking off in Sagamore Beach with a “to be built” 2BD, 2.5BA. The cottage style home will be 1,850-sq.-ft. and sit on .27 acres close to the beach. Yours for $499,900.
32 CARVER ROAD, SAGAMORE BEACH, MA 02562
WEBSITE
FALMOUTH VILLAGE
Asking $499,000 is this updated three bedroom end unit condo at Treetops. “Enjoy all of the amenities with inviting pool, clubhouse, tennis courts, dock on Oyster Pond and private beach on Vineyard Sound!”
2 LANDFALL, FALMOUTH, MA 02540
WEBSITE
BARNSTABLE VILLAGE
Built in 1961, this $499,000 2BD, 1BA cottage is just “three houses from the private neighborhood beach, across from Sandy Neck.” The 975-square-footer has peeks of Barnstable Harbor and walkability to “Barnstable Village, Millway Marina, restaurants, shops.”
72 BAY VIEW ROAD, BARNSTABLE, MA 02630
WEBSITE
WEST YARMOUTH
Here’s a 3BD, 2BA ranch with a separate 1BR, 1BA apartment and an extra building lot. The 1.09 acre spread also includes a two-car garage, two sheds and a greenhouse. Asking price is $499,000.
11 EDDY STREET, WEST YARMOUTH, MA 02673
WEBSITE
DENNIS VILLAGE
“North of 6A with private association beach .5 miles away” is this 4BD, 2BA with a three-car garage. The 1,616-square-footer is listed for $499,000 plus a $25 monthly association fee.
157 NOBSCUSSETT ROAD, DENNIS, MA 02638
WEBSITE
WELLFLEET
The 3,217-sq.-ft. main house of the Green Haven Condominium Complex is a 3BD, 3BD with an exclusive use outdoor area for $499,000.
633 U.S. 6, WELLFLEET, MA 02667
WEBSITE
TRURO
Located on Beach Point, this 3BD, 2BA comes with views Cape Cod Bay and Pilgrim Lake, plus “quick access to the beach.” The 1,456-sq.-ft. home is asking $499,900.
361 SHORE ROAD, PROVINCETOWN, MA 02657
WEBSITE
PROVINCETOWN
Brace, the iconic Northern Lights Hammock shop is for sale. The 320-sq.-ft. waterfront condo is available with the swingin’ seasonal business for $499,000 or solo for $$449,000.
361 COMMERCIAL STREET, PROVINCETOWN, MA 02657
WEBSITE
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general info trends

Boston Ranks High In Retirement Livability Index.

Provincetown shares many of these same characteristics! Just saying.

 

Why You Should Stay in Boston for the Rest of Your Life

Gallery 1

Boston may be a good place to retire.

By Megan Turchi @meganturchi

Boston.com Staff

Forget retiring to Florida. Boston may be the place to settle down.

According to AARP’s “Livability Index,” Boston is the second most-livable large city in the United States, falling just behind San Francisco.

Though AARP makes it clear that the index can relate to people of all ages, there are specific applications for the elderly:

“Retired residents on fixed incomes need affordable places to live; those who don’t drive need other transportation options; and those with mobility challenges need accessible transportation and housing. No one wants to be forced to leave their community because of changing income or physical agility.”

And, on AARP’s list of the 10 most livable neighborhoods, Boston’s Downtown Crossing made the cut.

AARP elaborated upon Downtown Crossing’s score calling it, “A shopping district in transition to more mixed use with high-rise residences. Adjacent to Boston Common (and all of its recreational amenities), the theater district and the financial district. Stations for three main rail lines are nearby. Some streets are for pedestrians only.”

With AARP’s “livability index” you can type in an address, state, city, or zip code to get a score that is based on an assessment of seven categories: housing, neighborhood, transportation, environment, health, engagement, and opportunity.

Boston received a score of 65 out of 100 for livability, broken down into the seven categories below. Each score is out of 100.

Housing (80): 86.3 percent of the units in Boston are multi-family and there are 681 subsidized housing units per 10,000 people, which is way above the U.S. median of 124. AARP says that they measure units that are multi-family as elders whose spouses have passed away, single-parent families, childless couples, or people who choose to share housing with roommates may prefer this living situation. But Boston’s housing costs, ($1,455 average per month), which includes taxes, rent, mortgage fees, and utilities, falls significantly above the U.S. average ($999 per month).

Neighborhood (76): In this category Boston ranks above the national average in a slew of metrics: access to grocery stores and famers markets, access to parks, access to libraries, access to jobs by transit, access to jobs by auto, diversity of destinations, and activity density. However, the city’s crime rate is slightly higher than the national average.

Transportation (84): In regards to frequency of local transit service, walking trips, household transportation costs, and crash rates, Boston does better than the United States on average. Maybe not so shockingly, Boston does worse than average in terms of traffic congestion.

Environment (65): Boston ranks well in drinking water quality and air quality, boasting only two unhealthy air quality days per year, below the median U.S. average of eight days. But Boston does fall short in near-roadway pollution and local industrial pollution.

Health (65): 99.8 percent of people in Boston have access to exercise opportunities and 21.7 percent of people are obese, which is below the national average. Tobacco use and the availability of health care professionals are both fairly average. But preventable hospitalization rate and patient satisfaction in Boston both were worse than the national averages.

Engagement (61): This category looked at metrics based on civic and social engagement in the community. Boston ranked very high in Internet access and also fell above the national average of the number of cultural, artistic, and entertainment institutions available. Opportunity for civic involvement and the social involvement index were both about average, while voting rates in the Hub are lower than the national average.

Opportunity (25): This was Boston’s worst ranking of the seven, scoring below average in all of the metrics – income inequality, jobs per worker, high school graduation rate and age diversity.

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$589,000 On The Cape

Another great curbed.com comparison from Jazmine.

What $589,000 Buys You on Cape Cod Right Now

by Jazmine Donaldson

It’s time once again for Curbed Comparisons, where we break down what you can get at the same price point, style or size in five different Cape and Islands neighborhoods. This week, listings for $589,000.

359commercialc.jpg
[359 Commercial Street, Unit C, Provincetown via Zillow]

Here now, eight Cape Cod properties asking $589,000 – year-round, condos, Capes, close to the beach, in need of TLC, in the village, Circa 1775, overlooking Provincetown Harbor, with fireplaces galore, recently PriceChopped, move-in ready, and ready to rent – with a little something for everyone.

What $589K Buys on Cape Cod

CATAUMET
Kicking off in Cataumet with a classic suburban listing for a 1992 Colonial with 3BR, 2BA on a cul-de-sac. The .97 acre property is asking $589,900.
5 OLD CATAUMET PASSAGE ROAD, EAST FALMOUTH, MA 02536
WEBSITE
EAST FALMOUTH
This geographically inclined listing for a “remodeled California ranch” with “a new European style kitchen” and a family room featuring “a Tennessee marble floor” is yours for $589,900.
87 DAVISVILLE ROAD, EAST FALMOUTH, MA 02536
WEBSITE
NEW SEABURY
Here’s a 2,357sf fixer upper on .25 acres in New Seabury for $589,000. The 3BD comes with a sauna, three-season porch and is a “short walk to a fresh water beach.”
4 BLUE FIN, MASHPEE, MA 02649
WEBSITE
OSTERVILLE
Located on the spicy Nutmeg Lane is this 3BD, 2BA ranch. The Oyster Hills listing hit the market in June 2014 for $634,500 and is now hoping for $589,000.
25 NUTMEG LANE, OSTERVILLE, MA 02655
WEBSITE
HYANNIS
The original Nathaniel Snow House dates to 1775 and is named after the second owner, Winslow Gray. Asking price for the 7BR compound is $589,000.
9 GRAY LANE, HYANNIS, MA 02601
WEBSITE
DENNIS VILLAGE
First listed in September 2014 for $675,000, this 3BR Cape on 2.09 acres is now looking for $589,000.
102 ROBBINS CIRCLE, DENNIS, MA 02638
WEBSITE
CHATHAM
South of Route 28 is this 3BR, 2BA ranch “in move-in condition.” The 1,484 sf home is asking $589,000.
15 RUMSON WAY, CHATHAM, MA 02633
WEBSITE
PROVINCETOWN
On the market for the first time in almost 20 years is this 1BR, 1BA with an exclusive use deck. “This downtown penthouse water view condo is quintessential Provincetown!” Asking price is $589,000.
359 COMMERCIAL STREET, PROVINCETOWN, MA 02657
WEBSITE
See all available properties at Beachfront-Realty.com
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What’s New In Provincetown?

What’s New?

The West Vine – Bradford Four Corners neighborhood continues to grow.  Three new townhouses at 51 West Vine are being built next to the existing 55 West Vine and 57 West Vine condos. The foundation has been poured for two large condos at 162 Bradford Street Extension. Both three bedroom units are already under agreement pre construction with asking prices of $1.095M and $1.175M. Victors Restaurant and Gale Force Bikes are the commercial centers for the neighborhood.

 

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View from West Vine above Bradford Street.

 

Sections of Commercial Street in the East End and Bradford Street downtown are being repaved over the next few weeks. Beware of parking issues. Picture is of Commercial Street looking east from around number 596 Commercial Street.

 

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The former WA store at 220 Commercial Street has been renovated into two gorgeous new retail spaces. Both have been leased to successful retail operations. Watch for opening announcements in the next few weeks.

 

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The Herring Cove Beach parking lot has been a staging area for the reconstruction work on Province Lands Roads, the road from Herring Cove Beach to Race Point Beach. It should be completed by Memorial Day. The beach erosion at Herring Cove is extensive and the lower part of the parking lot toward Hatches Harbor has lots of damage.  It should also be repaired by Memorial Day. See Cape Cod National Seashore website.

We are anxiously awaiting the reopening of the wildly successful Farlands Reataurant On The Beach at the  new bath house at Herring Cove pictured below.  It has become a local “must do” especially on music and bonfire nights.

 

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…and the horses are resting up for the season at the horse barn on West Vine and Blueberry.

 

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Hope to see you soon.

 

View all properties for sale at Beachfront-Realty.com.

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analytics general info

Low Interest Rates Continue – For Now!

 

Interesting post from Scott at Boston.com. The rate rise consensus has swung back and forth.  Rates will rise …rates will stay low.  Rates are staying low in the short term with increases likely in the long term. How’s that for hedging my bets?

 

How Long Will Low Interest Rates Continue to Help Buyers?

Gallery 1

After a disappointing federal jobs market report at the beginning of April, interest rates actually dipped again, skirting historic lows.

 

By Scott Van Voorhis

Boston.com Correspondent

Even in the super expensive Boston area, rising prices may be not necessarily be the biggest threat to buyers in finding a home they can afford.

Instead, an equal or even greater threat over the next few years may be the likelihood that the low-interest-rate gravy train will finally come to an end, experts say.

Overall, low interest rates have kept mortgage payments low, even as prices in a number of hot Boston-area neighborhoods and suburbs have blown past their price records of a decade ago, real estate stats show.

After a disappointing federal jobs market report at the beginning of April, interest rates actually dipped again, skirting historic lows.

Yet with the Federal Reserve having already signaled its plans to consider boosting the federal funds rate by as early as this summer, the writing is on the wall, said Svenja Gudell, Zillow’s senior director of economic research.

That, in turn, could have major implications for home prices and affordability, here and across the country.

“I don’t think this is the trend,” Gudell said of the recent interest rate dip. “We will see mortgage rates pick up in the long run.”

So how much of a difference do those killer low rates make when buying a house?

The prime rate on a 30-year-mortgage, as of April 9, was 3.66 percent, according to federal mortgage giant Freddie Mac, which surveys banks around the country.

If you took out a $500,000 mortgage to buy a three-bedroom house in Waltham, your monthly payments, at that rate, would amount to $2,290, according to Bankrate’s mortgage calculator.

Now let’s boost the interest rate to 6 or 7 percent. These are rates that were common on mortgages back in the 2000s and were not considered particularly high, either.

At 6 percent, the monthly payment on that Waltham house increases to $2,997 – a 30.8 percent increase.

Boost the rate up another point to 7 percent and the monthly payment jumps again, to $3,326, or a 45 percent increase.

As rates rise, buyers, already scrambling to keep up with rising prices could find themselves with diminishing buying power, at least for a time, anyway.

What happens after that will depend on what prices wind up doing.

In theory, as interest rates rise, sellers will eventually be forced to lower their prices or wind up missing the mark with buyers.

“As rates move, we will see some top down pressure on prices, especially in areas where housing is really too expensive,” said Gudell, the Zillow economist, pointing to Boston, San Francisco, and other high-priced markets.

Still, she doesn’t see rising rates triggering a housing crash, either.

There will be time for the market – and buyers and sellers – to adjust as well, Gudell believes. Rates won’t soar overnight, but are more likely to slowly edge up over time.

“I think the increase will be a gradual one,” she said. “At the end of this year, we will already start to see higher mortgage rates, but we are not going to see rates increase to 4.5 percent or 5 percent right away.”

 

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analytics general info trends

The Goode And Farmer Report – April 2015

 

The Goode And Farmer Report – April 2015 –

PROVINCETOWN

 

What a first quarter! Blizzards, arctic winds, record snowfall – it seemed like it would never end. But finally, spring is here!

It’s tough to identify trends in the first quarter with such a small sampling of information. Especially for a quarter rocked by historically severe weather. Yet with that said, first quarter results were surprisingly strong – a sure sign that demand remains high! For the most part, sales and prices have shown moderate gains and with warmer weather sure to come, the energy is right for a solid spring market.

In Provincetown there were 22 condominium sales in the first quarter vs. 24 last year. The median sales price was up 27% to $528K and the average sale price was up 15% to $528K. Sales volume was even with last years at $11M. The average price per square foot for condos sold was $563, up from $500 per square foot in the 1st quarter of 2014. There are 82 condos on the market with an average asking price of $590K and average price per square foot of $666.

The average sale price for a single-family home was down 5% to $1.03M from $1.08M. The number of single-family home sales in Provincetown increased by 50% to nine from six last year. There are 40 single-family properties on the market with an average asking price of $1.37M. There is still a shortage of inventory in this category that continues to have a direct impact on sales numbers.

 

ptown

 

 

 

 

 

 

 

 

 

 

 

Provincetown continues to lead the way on the Outer Cape with higher prices and a higher sales volume. It continues to attract international buyers as well as buyers from around the country who have visited over the years and who now want to have a home here.

We expect that the late spring will create a rush of buyer interest and range of new properties for sale. This delayed spring market coupled with consistent and pent up demand, as well as continued low interest rates, creates an historically opportune time for homeowners to sell.

 

TRURO AND WELLFLEET

 

The average sales price for single-family properties in Truro was up 26% to $922K from $733K in 2014. However, the median price was down 12% to $626K. The number of sales was up from eight to 10 this year. Currently,there are 103 single-family properties on the market with an average asking price of $891K.

In Wellfleet, the average sales price of single-family properties increased dramatically. The reason for this sharp increase was due to the sale of 95 Granny Treats Road – a single-family home that sold for $5.1M – that skewed averages much higher. The number of sales decreased by more than half to five units from 13 in 2014. There are 48 single-family properties on the market with an average asking price of $954K and a median asking price of $601K. Wellfleet is predominantly a single-family sales market as well.

 

truro

 

 

 

 

 

 

 

 

 

 

 

Even with the severe weather this winter and a shortage of inventory in some categories, we continue to see increased prices and sales numbers on the Outer Cape. This illustrates a very resilient market and strong buyer demand.

Please call or stop in if you are thinking of buying a home or selling your existing home, or if you are just curious to see what your home is worth. Our business philosophy has always been that the best-informed buyers and sellers are the most satisfied with their results. And that’s what we do best.