The tour, to be held on Saturday, Oct. 20 from 10 a.m. to 5 p.m., is a self-guided walk through six amazing South End homes starting at the Southwest Corridor and ending mid-way down Shawmut Avenue. Since the tour is at-your-own-pace and snakes around on a more than 1 mile path, the full tour can take anywhere from two to four hours. It starts at the Boston Center for the Arts.
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The $1M and above market in Provincetown has been relatively active this season. The above $1M price range is from $1M to a high of $4.75M. Of the 136 properties (single family, Multi-family and condos) that have sold YTD in 2012, 8 have sold above $1M, and they were all single family properties. These 8 property sales equals 5% of total unit sales year to date.
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August in Provincetown
August in Provincetown….what a month of gorgeous weather… tons of fun, and great real estate activity. You have read posts of mine speaking to the positive energy around real estate in Provincetown. It continues!
Massachusetts single-family home sales rose nearly 27 percent on a year-over-year basis in July, according to The Warren Group.
I always find it interesting to see the differences in home values across the country. In Boston and Provincetown we are in solid real estate markets with values substantially above the national average. In Boston, including all neighborhoods the median price of single family homes sold through Q2 was $364K, up 3% from last years $353K. In Provincetown the median sales price for a single family homes sold year to date through Q2 was $675K, up 15% from $586K last year.
From low ($254K) to high ($3.995M) here are six of the 18 new properties that came on the market in the last two weeks in Provincetown. These properties represent some of the best of the new inventory. From small stand alone condos to fabulous waterfront homes… the diversity of the properties for sale in Provincetown is well represented.
The Big Number is 16%. That’s the increase in condo sales in Boston as of June 30. Combined, all Boston neighborhoods saw a 16% increase in the number of condo sales year to date, a 2% increase in the average price of a condominium sold, and a 5% increase in the median sales price. Put together all this good news is more evidence that while not necessarily out of the woods, this real estate market is healthier than most
Sales through the 2Q in Provincetown continue to be strong! Growing economic optimism and continued low interest rate have kept buyers and sellers in the market, and almost more importantly, there is a great assortment of properties for sale. Year-to-date condominium sales through the second quarter surged 28% from 54 sales last year to 69 sales this year. The average sales price of condos sold increased 11% to an average of $400K vs. $361K last year.
There are so many interesting properties here, in fact almost every one is special in its own rite. Down a dirt lane; up on a hill; built in the 1700’s; owned by a sea captain; or a police chief; 195 square feet on the beach; a small standalone condo nestled in the woods; every turn you take, every open house you go to, something intrigues you about a property. I will try to report on as many of these wonderfully unique properties as I can.
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Amazing Year-To-Date Sales In Boston
Stunning figures. In all Boston neighborhoods combined year to date as of May 31, the average condo sale price is up 12% to $542K. The number of condo sales is up 19% to 1,443. Total dollar volume is up 20% to $782. The number of condos available for sale is down an amazing 65% from the same time last year, from 2,132 condos for sale last year to 1,293 condos for sale today.