Categories
general info trends

Response To The New York Times Article About Provincetown In The Off Season

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It’s a slow real estate week so I just had to repost this fb comment that Rob Anderson wrote in response to The New York Times Article. It hits every single high point about our incredible little town in the off season. A must read!

 

 

 

by ROB ANDERSON

Owner/Operator of Canteen and Happy Camper – Provincetown

In response to a December 20, 2015 article in The New York Times by Katharine Q. Seelye

“When others get angry, they scream, they fight, they protest. I write. Here goes. It’s long, I know. I’m sorry. But I hope, by the end, it illustrates an important point. Thanks for indulging me:

A Question of Focus

Six years ago, a reporter from The New York Times traveled to Provincetown in the beginning of January and declared in the newspaper of record that “even in winter, Provincetown shines.” While reporter Matt Gross found himself “stunned” by the relative silence of Commercial Street — and, honestly, who hasn’t? — after poking around our little village, he found a town not in desolation, but “hibernation”: quiet but lively, with guest houses offering “bargain” deals, restaurants serving “fantastic” fare, galleries showing “legendary” art, and stores offering “jaunty” goods. In fact, by spending time at the tip of Cape Cod in the winter, Gross seemed to have gained a new appreciation of the place, to have found something special and unique and unexpected. He stumbled upon “a land of quiet bargains, where simpler pleasures emerge from the frenzy of summertime.”

Today, the paper returns to our town during the same time of year. But what Gross had seen as a “laid-back scene” six years ago, Katharine Seelye now labels a “deserted,” “hallowing out” “Potemkin village.” In Seelye’s Provincetown, stillness is emptiness, quietness is vacantness, and resiliency is desperation. Seelye took that same drive down deserted Commercial Street — but then opted out of the pesky “poking around” part. “There are the store facades and about five people,” as she quotes one resident as saying. The images accompanying the piece drive home Seelye’s view of our town as one in distress: a clichéd picture of a boarded up second home; a clichéd picture of a gray, weary looking resident; a cliché picture of two men playing pool in an empty-looking bar. (Look, I get it: I spent 10 years in the halls of newspapers and opinion magazines. Writers pick an argument and drive it home. But that only works when the argument is solid, and that takes real work and real reporting to ensure. Not clichés.)

Ostensibly, Seelye’s article is a news item about a measure our selectman passed last week that lowers taxes on year round residents and raises those on second homeowners. If you were to only read this article and not actually visit our town and talk to the folks here — which, of course, covers the vast majority of New York Times readers — you’d walk away thinking two things: that this is the talk of the town, and that this is the only thing we are doing in Provincetown to combat the negative effects of living in a seasonal economy. And, to be sure, I’m sure second homeowners are spending a lot of time talking about it.

But it is so far from what is actually happening on the ground here. As a restaurant owner and active participant in the life of our town, I’m fortunate to be able to interact with a lot of people day in and day out. I can say that over the past week, not one person has brought up the tax issue in the course of conversation. It’s just not that big of a deal. It’s not a game changer.

Here *is* what I have heard, and here’s what I have seen this winter:

Business is up in Provincetown. One business owner who has operated here in town for decades recently told me that he’s had the busiest December weekends he’s ever had. Weekends in particular are lively. In addition, a town that usually closes in the late fall, is making its first push to stay open until January. There’s life around here. That push convinced my partner and I to keep our restaurant open for an extra month this year. Not only that, we decided to go full out and put on a holiday market in December and January this year (more on that later). Guesthouses are reporting high booking rates. We have fireworks, a polar bear plunge, and great shows to look forward to in a few weeks.

This year, a new town manager, David B. Panagore, is breathing new life into our city government. I am only speaking from the outside, but he seems to have energized his (already hard working) staff. He’s emphasizing action and new ideas, decorum and respect, ingenuity over despair. There’s a sense of hope and optimism for the first time in a long time. In addition, we have an energetic board of selectmen who are actively trying to solve our town’s problems, coming up with new solutions instead of accepting the status quo as the only option.

Provincetown 365, a group of energetic, hard working citizens, just turned one year old. In 12 months, the group restored a beloved piece of art on our pier, re-focused our town’s conversation about housing, nudged along new forms of transportation to our town, re-imagined our streets, brought about new zoning bylaws, and, more importantly, gave people hope that things can change and get done around here if we just put our minds to it. It has started conversations that are bound to snowball and emerge as new plans of action.

We have an emerging economy of young entrepreneurs and leaders in the Outer Cape. Over the past few years, more and more young people have opened up businesses in town, and in Truro: Chequessett Chocolate, Salty Market, The Canteen/ Happy Camper, Pop+Dutch, B.xclusive, Mayflower Trolley, Kiss and Makeup Provincetown, KoHi Coffee Company, Salt House Inn/ Eben House, Nor’East Beer Garden (I’m missing many: sorry). One of our own, Julian Cyr, is running for state senate. At the holiday market here at the Canteen, we brought together a handful of young local artisans and entrepreneurs who live in town and are looking to grow their businesses: Cook’s Organics, Bleat Media, 2of2, Breakwater Goods. We have an amazing young theater troupe in the Peregrine Theatre Ensemble. We have amazing young fellows at the Fine Arts Work Center. If you don’t see all of this vibrant energy, you’re not looking very hard.

In general, people are thinking productively and proactively about how to fix our town’s ills. There’s talk of re-opening our high school. More and more people are thinking about housing — for our community, for our workers, for our homeless population. The governor’s office visited town just last week. Tom Donegan is focusing town on drug abuse and addiction. We’re talking about broadband. We’re talking about the soul and future of our town.

Last, I want to touch upon something that I can’t prove with examples and statistics, but I believe it to be true. This winter, there is a feeling of community and goodwill around town that I haven’t felt before. I felt it most palpably at our holiday market over the past two weekends. Every slice of Provincetown showed up and mingled: wide-eyed kids meeting Santa; seniors happy to share a glass of wine and a tale or two; school kids singing carols; hipsters hanging out on a lazy Sunday; locals enjoying the chance to share time together after a busy season; tourists from up Cape and Boston looking for gifts; fishermen and their families; teenagers just looking for something to do; shop owners happy to have something different to eat; folks who haven’t celebrated the holidays in years, cracking the tiniest of smiles. I saw this Provincetown — and I felt it. It felt warm and hopeful and optimistic. It felt diverse and resilient and strong. Everyone mingled together because they wanted to mingle together. We want to be a community. We want to know each other and support each other. Not bicker about each other online, or fret about each other’s tax breaks.

Any of this would have been a great opportunity for a newspaper to write a story about a quirky, vibrant community making things work in new exciting ways on the Outer Cape. About the many of us working day in and day out trying hard to cultivate the karass. (Google it.) About a new set of ideas and leaders. Instead, we get an article focused on a small new law. Taxes. Controversy. Neighbors against neighbors. A flyby.

Over the next few days, months, years, we as a community get to chose what to focus on, too. Let’s be mindful and spend our time and energy wisely. Let’s write our own intricate, complicated and beautiful story for ourselves, instead of letting this one define us down

Categories
analytics general info trends

The Goode and Farmer Report – October 2015

 

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general info style trends

20 Reasons To Head To Provincetown This Fall

This great post from Rachel Rueckert for the Matador Network made the rounds last week…I thought it would be a nice way to start the week.

20 REASONS YOU NEED TO HEAD STRAIGHT TO PROVINCETOWN

1. Its shops are unique and haven’t crumbled in the wake of corporate America chain stores.

As corporate America continues to strip away uniqueness, many small towns have gone under. Locals and visitors chose to support Provincetown’s individuality by buying local goods and even using cash over credit cards. Here you can still find vintage hat boutiques like Mad As a Hatter, businesses with shirts that read “I love my two moms” and home accent pieces, dog stores selling vegan cookies. There are also shops like Map selling one-of-a-kind clothing and textured belts, Kiss and Makeup’s cosmetics for men and women, and stalls selling quality handmade jewelry.

2. Go to show love and support for the LGBTQIA+ community.

Pride and diversity are part of the town’s DNA and everyone has a place. Ptown is a shinning example of love, tolerance, and respect for differences. Almost 400 years ago the Pilgrims came here in search of freedom. People still come to Provincetown to find liberation from antagonism. It’s not surprising that people come back here when they are feeling oppressed and misunderstood. This thriving community exemplifies values worth spreading everywhere. By coming to Provincetown you voicing your support for this peaceful way of life while also supporting the businesses owned by the LGBTQIA+ community.

3. Provincetown shows us how to be green and eco-friendly.

Recycling cans are as ubiquitous as trash bins, and the town is committed to a green lifestyle. For example Far Land, a concession at Herring Cove Beach in the brand new bath house, serves healthy food options in eco-conscious wrappings. They use paper straws, wooden forks, and corn-based plastics in case any trash ends up on the beach.

4. Pedestrians own the roads.

Pedestrians stroll through streets and look at cars like they don’t belong there. You’ll go all day without hearing a car horn, a siren, or any howling noise associated with city life. In Ptown you can get everywhere you need to go by walking. You can also bring your bike over on the ferry or rent one at PTown Bikes to take a pleasant morning ride on the bike circuit along the beaches and mystic sand dunes.

5. It’s disability friendly.

Diversity and inclusion is a part of the mentality of Provincetown so providing disability ramp access to buildings and beaches is not an afterthought, it is a forethought. The community works hard to send the clear message that everyone is welcome here.

6. Provincetown is jaw-droppingly gorgeous in the fall.

Few people realize that fall, better known as “Second Summer” in Provincetown, is an ideal time to visit. You still get the local flavor, great shows, and the unforgettable memories without the massive crowds, oppressive heat, or expensive prices. There’s plenty to do from diving into the Harbor Swim for Life and Paddler Flotilla benefit for AIDS and Women’s Health (Sept. 12), soaking up the live performance arts at the Afterglow Festival (Sept. 14), showing your pet some love during Pet Appreciation Weekend (Sept. 25-27), and enjoying theTennessee Williams Theater Festival (Sept. 24-27), Halloween festivities, and more.

7. It’s super easy to get there.

Forget sitting in hours of weekend Cape Traffic. You can be in Ptown in an hour and a half by taking the fast ferry from Boston thanks to the Bay State Cruise Company, the oldest operator of this route. Taking the ferry from Boston is a tradition that goes back as far as 1840. The Bay State Cruise Company is family run, and they also have plans to start providing land transport in the winter for the same price as the ferry. Nothing beats the skyline view and the salty sea air on the top deck. Bonus: you may see a few whales.

8. Because contrary to what you might’ve been told, this was the first place the Pilgrims landed.

Your history book told you about Plymouth, but the Pilgrims actually spent five weeks in Provincetown scouting out the landscape before heading down stream. That’s why you’ll see the Pilgrim Monument, the largest granite structure in the U.S., towering over the town.

9. There’s lobster everywhere.

There are over 60 eateries in Provincetown that believe there is no such thing as too much lobster. Check out the outdoor Patio American Grill and Cocktail Barserving lobster deviled eggs and lobster mac and cheese. If you are feeling traditional New England, try mouth-watering clambakes from Art’s Dune Tourson Racer Beach with a campfire and a striking view of the sunset. You can also devour a hot lobster roll at the Canteen with a side of their epic Brussels sprouts and feel like you’ve fallen in love again for the first time.

10. And did I mention dessert?

After experiencing the Canteen, drop by next door to the Happy Camper dessert parlor and treat yourself to happy birthday ice cream, bacon flavored donuts, or pumpkin popsicles for a discount. In Provincetown there is also no shortage of salt water taffy or homemade chocolates and custom candies. I’m partial to melt-in-your-mouth peanut butter fudge from the Provincetown Fudge Factory.

11. Breakfast is a communal affair that restores your faith in humanity.

Saying “good morning” in Provincetown is not a hollow expression. Even if you’ve come to Provincetown alone, breakfast is a time to meet others and connect about your experiences over peppermint tea and a tomato spinach frittata. People remember your name and greet you again with follow up questions the next morning.

12. There is something in Provincetown for everyone.

No matter the season, there is always something to look forward to in Ptown. Finding a week to connect with and annually commemorate is not hard with a year-round theater program and the variety of events scheduled almost weekly. Provincetown hosts everything from Bear WeekCarnivalFamily Week, and theRagnar Relay Race to celebrations such as the Portuguese Festival, theTennessee Williams Festival, the Provincetown International Film Festival and more.

13. Ptown has over 60 art galleries.

You’d be hard pressed to find a community as supportive of the arts as Provincetown. Art is an integral part of Ptowns history as the oldest continuing art colony in America. Even with a small year-round population, the thriving artist community represents in a big way. Saunter down Commercial Street to weave in and out of world-class art galleries. Check out the Provincetown Art Association and Museum, one of the first green museums in the country, and see works by Charles Hawthorn, Paul Resika, Nora Speyer, Jackson Pollock, and other influential artists.

14. Here you’ll find the world’s only authenticated pirate treasure.

The Whydah Pirate Museum showcases artifacts retrieved from the Whydah, a slave ship captured by the pirate Sam Bellamy that sunk off the coast of Cape Cod during a terrible storm in 1717. You’ll learn about Bellamy’s compelling love story and the surprising amount of democratic rule and tolerance aboard pirate ships. Since 1984, explorer Barry Clifford has discovered over 200,000 treasures from the Whydah, including a bell with the name and date of the ship.

15. Because you haven’t lived until you’ve stayed in a boutique accommodation like the Salt Hotels.

Imagine cozy fireplaces, vintage bathtubs and natural sea salt scrubs, locally commissioned art, and honey poached pears for breakfast served on antique china. It’s impossible to have a bad time in Provincetown if you are staying at theSalt House Inn or Eben House, both run by David Bowd and Kevin O’Shea, a talented partnership who have extensive experience in design and hospitality. The Eben House, built in 1776 by Captain Eben Snow, is a Federal-style building with a history that inspires every thoughtful detail. You won’t find any plastic lobsters or cliché seashell décor here in these award-winning hotel chains, but you will be blown away by the nonintrusive hospitality complimented by a sense of artistic authenticity.

16. Provincetown is home to the Cape Cod National Seashore and historic dune shacks.

President Kennedy signed the Cape Cod National Seashore bill in 1961 to save the mystical sand dune landscape from impending development. It’s possible to visit this sandy landscape through Art’s Dune Tours, who have been operating since 1946. They also take you past some of the seventeen rustic beach shacks still looming in the dunes where famous artists and writers have worked for generations. A few rustic dune shacks are still open to artist residency programs run by the Provincetown Community Compact.

17. The public library is ranked #1 in the U.S. by Library Journal.

Provincetown’s breathtaking public library features free public computers and free 24/7 Wi-Fi for people who need to catch up on work or a little reading. They also host Wednesday free movie nights, author readings, the Writer’s Voice Caféprogram, and dozens of monthly events. Don’t miss the panoramic views of town from the top floor.

18. You can camp near the beach.

Ptown has over thirty miles of pristine, gorgeous beaches. Extend your day trip into an affordable overnight stay by camping at the Dune’s Edge Campground orCostal Acres Camping Court.

19. You can be whoever you want to be in Provincetown.

There are few places in the world where you can strut through town in a sequin apple costume or dressed as your mother because no one cares. People walk around with an expression of freedom. This is a small place with big import. Provincetown gives people a safe place to be who they are and a setting to explore identity without judgment.

20. Because not all of these people could be wrong…

Provincetown is voted over and over again one of the best places to visit. Smithsonian Magazine declared Ptown one of “America’s Best Small Towns” while Travel and Leisure named it one of “America’s Most Romantic Destinations” and “America’s Quirkiest Towns.” Business Insider has also dubbed Provincetown one of the “Top-Twelve Gay Honeymoon Destinations” and Costal Living claims it is as one of the “10 Happiest Seaside Towns.” 

Categories
general info trends

$550K On The Cape

another great post from Jazmine.

What $550,000 Buys You on Cape Cod Right Now

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 eight different Cape and Islands neighborhoods. This week, listings for around $550,000.

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[220 Commercial Street, Provincetown via Realtor.com]

Here now, eight Cape Cod properties asking around$550,000 – year-round, single families, condos, new construction, bulldozer bait, with ocean views, recently renovated, pond front, bay front, all decked out, recently PriceChopped, move-in ready, and ready to rent – with a little something for everyone.

What $550K Buys on Cape Cod, Sept. ’15
BUZZARDS BAY
Kicking off with a 3BR, 2BA Cape with dock on Little Buttermilk Bay. The 2,109sf house sits on .49 acres and is listed for $549,000.
EAST FALMOUTH
Here’s a 4BR, 2.5BA “to be built” on Pickerel Pond. The 1.01 acre lot offers privacy and views for $550,000.
NEW SEABURY
Dive into this Mews A Patio home on a corner lot with its own in-ground pool and one-car garage for $549,000. The one story 2BR, 2BA was built in 1980 and updated in 2014 with “new kitchen and appliances, granite counter tops, new hardwood flooring, both bathrooms completely remodeled, new heating system and AC, new sliders and skylights.”
HYANNIS
This Hyannis listing includes two separate lots, one with a 3BR, 2BA Cape. The 1,954sf house has ocean views from the upstairs bedrooms, has been completely renovated, and just listed for $549,900.
CHATHAM
Built in 1977, this completely renovated classic Cape hit the market on September 1 asking $549,000 and is already in contract. Apparently, that’s what “new roof, windows, heating system, AC, siding, landscaping, new kitchen with granite countertops and bead board, new tiled bathrooms with granite vanities and all new hard wood floors” will do.
ORLEANS
Land ho! This teardown on .58 waterfront acres overlooking Crystal Lake hit the market in July for $549,000 and is already in contract.
TRURO
Here’s a 3BR, 2BA ranch with a renovated kitchen on 1.19 acres. The 2,352sf house was built in 1962 and recently hit the market for $549,000.
PROVINCETOWN
Finally, to Provincetown and a 2BR, 1BA condo with views of Cape Cod Bay. Unit 3 last changed hands in 2007 for $365,000 and is now yours for $549,000.
See all properties for sale at Beachfront-Realty.com.
Categories
analytics general info trends

The Goode And Farmer Report – July 2015

Q2 for blog post

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analytics general info trends

Why Prices Will Stay High

Good post by Scott about the effects of continued scarce inventory.

 

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Why home prices are likely to stay high

Despite talk of the need for new housing, the number of building permits being issued across Massachusetts has yet to rebound to its pre-Great Recession peak.

Building permit slowdown

Developers took out just 1,051 building permits for single-family homes during the first three months of the year, U.S. Census Bureau stats show.

That represents a 16 percent drop from the same period in 2014 and a 65 percent drop from early 2006, when the real estate market was last in boom mode.

New apartment and condo construction is doing somewhat better. Developers took out permits for 2,370 new units, or roughly double the number of single-family homes, according to Census stats.

Yet the number of total housing units is still 33 percent below where it was back in the early months of 2006.

Tough regulations

And the shortage of listings on the market has been widely blamed for pushing up home and condo prices as demand exceeds supply.

“In theory, 2014 should have been better than 2013, but it wasn’t,” said Jeff Rhuda, director of business development at Symes, a home builder in the North Shore. “In theory, you have a recovering economy, but I think 2015 will end up below 2014.”

Tough regulations in towns and neighborhoods across the Boston area are one reason for the slow recovery in housing construction, especially as it relates to single-family homes, builders contend.

“It is going to get worse.” – Jeff Rhuda, director of business development at Symes

It is also especially hard to build new single-family homes within the Route 128 beltway, where the biotech and tech sectors are booming and demand for new homes is the strongest.

A dearth of developable land combined with local restrictions has resulted in a steady decline in home building in the communities closest to Boston.

In fact, teardowns are now the only source of new homes in upscale communities like NeedhamNewtonWellesley, and Weston.

And with no major game changer in the works in terms of efforts to force local communities to open their doors to more housing, the number of homes being built in the Boston area is likely to only continue to fall, Rhuda contends.

“It is going to get worse,” he said.

Categories
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

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.

Categories
architecture style trends

Provincetown Listing Of The Week – 1 Atlantic Avenue

 

The listing of the week is 1 Atlantic Avenue,  a three bedroom two bath single family home with 1,673 square feet. It is located on the corner of Atlantic Avenue and Commercial Street in the near West End. It is being offered at $1,485,000.

 

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MLS COPY: Every inch of this classic Cape has been meticulously restored to 21st century style and convenience while still retaining its 1700s heritage. The chef’s kitchen features 2 inch thick Carrera marble atop custom cabinetry, a professional Thermador dual-fuel range and Sub-Zero glass-front refrigerator. This 3 bedroom home is currently configured with two master bedroom suites, one on the main level and one on the second level, each with a fireplace and adjoining private dressing rooms and world-class baths. Exquisite living room downstairs with fireplace, and a large vaulted media room on the second level (previously used as a third bedroom). Magnificent perennial gardens with complete irrigation fed by private well. Two large parking spaces. Properties of this quality and exceptional location are rarely available.

 

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This is a gorgeous restoration of a 1700’s house.

See all available properties at Beachfront-Realty.com.

Categories
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.

 

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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.

 

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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.

Categories
analytics trends

Pending Sales Surge Nationally

 
The pending sales report is always a few months behind, but it is all good news nonetheless. Excellent  post from KCM. Local conditions seem to be trending with the report. 
 

Pending Sales Surge: Great Sign for the Housing Market

 

The most recent Pending Homes Sales Index from the National Association of Realtors revealed that homes going into contract in February increased to their highest level since June 2013.

The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

The Index is now 12.0 percent above February 2014. The index is at its highest level since June 2013, has increased year-over-year for six consecutive months and is above what is considered “the average level of activity” – for the 10th consecutive month.

Here is a graph showing the Pending Sales numbers:

Pending Home Sales | Keeping Current Matters

Here is a chart showing the Pending Sales increases by region:

Pending Home Sales By Region | Keeping Current Matters

Bottom Line

In an article from Investors’ Business Daily, Lawrence Yun, Chief Economist at the National Association of Realtors, explained what these numbers will mean to the overall market:

“It looks like the buyers want to come out to the market and they are eager to find the right home and make an offer. Therefore, I expect the second quarter of this year to be easily ahead of last year in terms of sales activity. Pending contracts are implying that the closing activity in coming months will be quite solid.”