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Provincetown – Sales of The Week – 29 Bayberry Avenue $1.025M, 30 Bayberry Avenue $1.25M.

There are two sales to report on Bayberry Avenue this week. Our office participated in both sales. It just happens that these two houses are right across the street from each other, but they could not be more different.

29 Bayberry Avenue is a traditional colonial single family home. It has three bedrooms and 2.5 baths and 1,736 square feet. It sold for $1.025M with a list price of $1.095M.

MLS Remarks: This three-bedroom, two-and-one-half-bath home on a .40 acre lot is in the West End neighborhood of Meadowview Heights. This charming and comfortable reverse-floor plan Colonial is sited on a cleared flat lot surrounded by trees. The house has 1,632 square feet. The Great Room has high vaulted ceilings running the full length of the house with loads of windows and a full-width deck directly off the living room. There are multiple sitting areas and a separate dining area in this airy bright space. There are views of the conservation land behind the property. This home has rich hardwood floors throughout and a brick fireplace anchors the east end of the room. The kitchen has lots of wood cabinets and a sweet dining island. There is a half bath on this floor too. On the first floor, there is an ensuite master bedroom. The master bath has a double vanity. The two guest bedrooms share a full bath. All have plenty of closet space and good light. There is an attached one-car garage as well. The multipurpose, full basement has interior as well as exterior access. Oil baseboard heat and gas cooking. Split system A/C on the main level.

30 Bayberry Avenue sold the same week. It is a three bedroom four bath home with 3,240 square feet. It sold for $1.230M with a list price pf $1.229M.

MLS REMARKS: You will truly delight at all of the space and light this West End single family home has to offer. An ideal home for entertaining, the first floor as an open living plan accented with dramatic exposed beams and gleaming walnut floors. Also on this level, a large airy family room with soaring ceilings, a modern gas fireplace and custom built ins. Rare to find in Provincetown, the home has a spacious and private, newly built first floor master suite, also with cathedral ceilings, exposed beams and tons of natural light. A large walk in closet offers plenty of space for your wardrobe, and the master bath features a double vanity and an oversized tiled shower with beautiful glass doors and a rainhead fixture. Upstairs, find a full bath, a guest room and an office. The lower level lives like a guest apartment, with a large bedroom with ensuite bath, plus a spacious and bright TV room. There is access to the garage from this level. The landscaping is lovely, with manicured beds and brick pathways, and there are several options for outdoor living. Soak in the morning sunshine on the front porch, or enjoy afternoon breezes on the patio or the the attractive screened porch.

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

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analytics general info trends

Cape Cod Housing Shortage

 

This is an good article from Boston Magazine about the Cape Cod real housing shortage. We have inventory and affordability challenges in most markets on the Cape and surely in Provincetown as my posts have illustrated. We are fortunate though in Provincetown to have proactive, forward thinking folks in town government and on town boards who are spending huge amounts of time and energy on trying to find solutions to the challenges we face.

 

There’s an Alarming Housing Shortage on Cape Cod

And it’s only going to get worse.

By  Home & Property 

Wealthy vacationers are sucking the life out of Cape Cod, and it looks like they won’t be stopping anytime soon.

Banker & Tradesman reports more and more seasonal visitors are buying second homes on the Cape, which does not bode well for the region’s year-round residents. A swell in the demand for vacation homes is pushing out the regular folks—like restaurant workers and shop owners—who keep the Cape’s tourism industry churning.

This, and other unfortunate data, was published in a new Barnstable County housing market analysis prepared for the Cape Cod Commission. The report’s main takeaway? There’s an alarming housing shortage on the Cape. Massachusetts’ summer playground is suffering from an “affordability gap” thanks to rising home prices and low wage growth in the Cape’s tourism businesses.

As more homes on Cape Cod are bought up by vacationers, there’s decreased inventory for year-round residents—resulting in higher home prices. Usually, that shrinking inventory problem could be solved by building more houses, but Cape Cod’s low-paid workers can’t afford to build. Banker & Tradesman notes “what little homebuilding is happening is mostly second homes, with the exception of a few, modestly-sized affordable rental projects in the works.” And because there aren’t enough new homes being built, those looking to downsize have nowhere to go, which ties up even more of the inventory.

It doesn’t help that half of all second homes in Massachusetts are on the Cape. Over the next eight years, demand for vacation homes is expected to grow six percent, or twice as fast as year-round units.

“The Cape is experiencing a long-term surge in seasonal unit demand that it has never experienced before,” reads the report. “While second homes have been part of Cape Cod’s landscape and economy for decades, the unprecedented housing crisis of 2009 created something that Cape Cod’s housing market never experienced.”

The recovery period after the recession caused demand for seasonal homes to spike, and many year-round units were converted to vacation homes. According to the report, this surge will continue to have a long-lasting effect on Cape Cod’s housing market for the next decade. There are other takeaways from the analysis, too, like how the burden is mainly felt by those earning 80 percent or less of Barnstable County’s median income: $63,251. But the pinch will soon be felt even further up the income scale. By 2025, the greatest increase in burdened households will be in those earning 100 to 120 percent of the projected median income.

So, what is the state’s hook-shaped sand bar to do?

Simply increasing the supply of houses won’t magically cure the Cape since “there will be a strong economic incentive for the new construction to be converted to seasonal units,” reads the report. The analysis lays out a few solutions, including increasing the diversity of senior housing, increasing multi-family housing, and creating better public infrastructure.

“This isn’t a problem we can build our way out of under the regulations of the past,” Cape Cod Commission executive Paul Niedzwiecki said in a statement. “If we create the right environment and appropriate opportunities for higher density, we could see the market respond and close these gaps.”

 

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analytics general info trends

Provincetown – Goode And Farmer Report – October 2017

3q2017-market-report-blog

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analytics general info trends

Goode and Farmer Report – July 2017

2q2017-market-report-blog

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analytics general info trends

The Goode and Farmer Report – January 2017

 

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analytics general info trends

The Goode and Farmer Report – October 2016

q3-blog

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general info trends

Studs To Shingles – New Construction In Provincetown

 

Studs To Shingles – my take on construction activity and new developments in our lovely town. Some are in plain view and some off the beaten track – all soon to add to the astonishing and diverse housing stock in town.

 

20 Pleasant Street was a 3 unit property with 1,586 square feet on a 10,600 sf lot. It was marketed for $949K, and sold for $925K. It is being totally renovated most likely into three units.  Its been amazing to watch the topography changes on the Pleasant Street frontage. It looks like it will be a terrific new development.

 

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20 P

 

 

 

 

 

 

 

 

 

MLS COPY when it was listed for sale: This 3 Family Antique is located in a desirable West End neighborhood on a 10,600 s.f. lot. In addition, there is a free-standing garage. The first floor contains 2 apartments; 1 two bedroom/1 bath; 1 one-bedroom/1 bath. There is attic space over the one bedroom unit. Upstairs is another two-bedroom/1 bath unit with a large, stand-up attic space. There are peeks of the water from this level. The lot fronts on Pleasant and backs onto Carnes Lane (parking access is off Carnes.)

 

 

34 Commercial Street was a three bed four bath single family house with 2,560 square feet on an 8,104 sf lot. It was marketed for $1.695M, and sold for $1.6M.  The new owners are doing what looks to be an outstanding renovation and adding a pool to boot. We loved this house and showed it several times when it was on the market. It had a dramatic interior and an A++ location on the “Gold Coast” – even though it is not on the waterside.

 

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MLS COPY when it was listed for sale: One of the best locations in the West End, this beautiful single family home is a short stroll to the beach, yet is not in a flood zone. The classic Cape exterior belies the soaring Great Room, as you step in the front door. Flooded with sunlight, this stunning, unique & airy space, has an interior balcony recently built in 2012, which gives one an interesting perspective on the Great Room & a lovely view of the lush & private front yard with peeks of the water. The master bedroom & bath also completed in 2012, provides a private getaway from the main living area. There is a cozy den with gas fp off the main room, which would also make a great home office. A rare 3 car heated garage is reached from Point St. It has a large guest room above with a full bath.

 

 

31 Creek Road is a new construction single family house with  three bedrooms and four baths with 1,538 square feet. (listing courtesy of Cove Real Estate) It is being marketed for $1.179M and is down the dirt road across from Victor’s Restaurant or at the end of Nickerson all the way down Creek Road.  The lot sold for $425K last year. BTW below is a VERY old aerial photo used in the listing data with none of the new West Vine buildings or Victor’s buildings. An interesting view of the “olden” days!

 

 

31 Creek 1

27 creek 2

 

 

 

 

 

 

 

 

 

 

MLS COPY: West End New Construction…Photos of current progress. This thoughtfully designed single family home will have a great open living/dining area, a chef’s kitchen with large island, and a full bath on the first floor. There will be a large deck which will extend along the back of this home…perfect for entertaining family and friends! Upstairs will be three large ensuite bedrooms. Of course, this home will include all the modern conveniences …..high end fixtures and appliances, energy efficient gas heat, central A/C, gas fireplace, an unfinished basement with interior access, outdoor shower, ample parking, beautiful outdoor space, lots of privacy and so much more!! Expected completion by late fall, but the house can be shown immediately. Plans and finishes will be shared during showings.

 

See all available properties at Beachfront-Realty.com. 

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analytics general info trends

The Goode And Farmer Report – April 2016

Q1 Blog version

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general info trends

Where Americans Are Moving

Interesting graphic by the good folks at Keeping Current Matters. Massachusetts still has “high outbound”! Hard to believe…but it could be because it is going to be -2 degrees this weekend? 🙁

by 

Where Are Americans Moving? [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • For the 4th year in a row the Northeast saw a concentration of High Outbound activity.
  • Oregon held on to the top stop of High Inbound states for the 3rd year in a row.
  • Much of this Outbound activity can be attributed to Boomers relocating to warmer climates after retiring.
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architecture general info style trends

Cape Cod’s Most Beautiful Homes For Sale in 2015!

Great post by Jazmine at Curbed,com.

 

Feast Your Eyes on Cape Cod’s Most Beautiful Homes For Sale In 2015

by Jazmine Donaldson

 

It’s the end of December and thus, time to make up a bunch of awards for the best, worst and most absurd things that happened in Cape & Islands’ real estate, architecture and neighborhoods. Here now, your 2015 Curbed Awards.
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The first round of Curbed Awards goes to listings that had us swooning all year. From the oldest house for sale on Cape Cod to sleek new construction, these gorgeous Gambrels, cool Contemporaries, classic Capes, and awe-inspiring adaptive reuse are 15 of the most beautiful homes for sale in 2015.

 

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From 1945-66, this Provincetown property was home to the abstract expressionist painter Hans Hofmann’s art school and studio. These days, the 1,737-square-foot space is a rather incredible two bedroom, one bath condo. Built in 1820, the unit features original flooring and aship-timber constructed gallery around the hearth. The West End stunner hit the market in November for $1,750,000 and is now in contract.

 

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One town over, this picture-perfect 1930s beach bungalow in Truro overlooks Cape Cod Bay and sits on an “historically accruing beach.” The three bedroom, two bath is asking $1,300,000, knotty pine and farmer’s porch included.

 

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Also in Truro, this upside-down Contemporary was designed by architect Maryann Thompson and built in 2007. The Corn Hill 3BR, 3BA in 1,953 square feet an “expansive deck with lovely tree top views with peeks of the bay” and listed in March for $1.4 million.

 

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Back to Provincetown, this historic East End boathouse is, like so many good things, small and expensive. The 418 square-foot listing on Provincetown Harbor features one bedroom, parking for two, lush gardens, and a gorgeous beach for $1,595,000.

 

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This rather lovely 285-year-old was originally the Jonathan Higgins House, but is more recently known as the Margaret Stanger House for the “former owner and author of the well-known book, That Quail Robert.” Set on .54 acres, the restored 4BR, 3BA antique is “a perfect blend of old and new” with four fireplaces, a garden room, “renovated kitchen with black honed granite counter tops, gleaming wood floors throughout the house, a blend of original & refurbished from old barn wood, exposed beams believed to be taken from an old ship wreck.” Alas, good looks weren’t enough to keep the PriceChopper away and after listing in September for $825K, the Orleans abode is now hoping for $779K.

 

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Back to the Outer Cape, this sleek Wellfleet new-build hit the market in September looking for $649K. The three bedroom with a second floor “Cube room” and polished terrazzo countertops in the kitchen with beach sand and stones from Newcomb Hollow Beach is now asking $589K.

 

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Set high on a Provincetown dune, this three-bedroom by the award-winning architects of Hariri & Hariri, sisters Gisue Hariri and Mojgan Hariri, “was designed to reflect the architecture of the Gropius anchor home.” The three-bedroom, three-bath with views galore hit the market in November for $3,399,000.

 

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Located on Centerville’s historic Main Street, this 4,400 square-foot shingle-style was built in 1995 around a Victorian windmill and has walkability to the library, numerous shops, and “three pristine, sandy ocean beaches on Nantucket Sound.” The rather lovely six-bedroom overlooks a “bucolic pond and 100+ year old gardens” designed by the father of American landscape architecture, Frederick Law Olmsted, and also has its own swimming pool. Asking price is $1,595,000.

 

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Built in 2007, this 4,347 square-foot Gambrel overlooks Barnstable Harbor and includes 5BR, 5.5BA, a beautiful kitchen, built-ins all over, multiple porches, two fireplaces, and a tricked-out laundry room. The .58 acre spread offers deeded access to the harbor and walkability to Barnstable Village for $2,500,000.

 

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Also in Barnstable Village, this barn “was originally part of a 300 acre dairy farm built by Captain Daniel Bacon in 1832″ and was moved to its current location in the 1970s where it was converted into a 4,312 square-foot single family home. Set on historic Route 6A, the four bedroom post & beam offers views of Cape Cod Bay from a very cool third floor cupola and is asking $850K.

 

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Designed in 1953 by interior designer-turned architect-turned academic Serge Chermayeff, this Truro 3BR, 2BA features soaring ceilings, a new(ish) kitchen, and two screened-in porches. Set on 3.6 “serene acres in the Cape Cod National Seashore with views of the pond and the sea,” the midcentury gem is “within easy walking distance to both a gorgeous swimming pond and the Atlantic Ocean.”

 

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Finally, to the oldest house for sale on Cape Cod. This Sandwich three-bedroom overlooking Shawme Pond dates to 1639 and features original detail galore such as multiple fireplaces and beamed ceilings. Outside, the .25 acre property includes a private dock and professional landscaping. In addition, the “classic New England village” locale means there is walkability to “shops, restaurants, Sandwich Glass Museum, Sandwich Boardwalk and Heritage Museums.” Asking price for the 376-year-old is $575,000.