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Provincetown Sale Of The Week – 26 Alden Street #1

26 Alden Street #1 was the first condo to close at the 26 Alden Street Condominiums at the Grace Gouveia Building. This is a 2 bedroom 2 bath 1,029 sf flat with an exclusive use yard and parking. It sold for $669K.

 

Unit 9

 

 

 

 

 

 

 

MLS COPT:  New total renovation. Private entry into this two bedroom/two bath first floor corner flat offering three exposures, 1020 sq ft of thoughtfully designed living space with modern linear Loft Series gas fireplace, Jenn Air stainless steel appliances, white gloss kitchen cabinets and quartz counters, 5 wide plank wood floors, separate dining area, tile baths with Grohe fixtures, air conditioning, private mahogany deck, one parking space and additional storage outside of the unit. Weekly rentals and pets for owners allowed. (rendering of #9)

 

26 A Dusk

unit 7

Side rendering jpeg

 

 

 

 

 

There is only one condo remaining of six originally available.  #9 is a two bedroom, two and 1/2 bath townhouse with 1,253 square feet and is being marketed at $729,000. (rendering above of unit #9)

See all available properties at Beachfront-Realty.com

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analytics general info

Rising Prices In Boston Neighborhoods

Informative post by Scott at Boston.com.

Where condo prices are rising fastest in Greater Boston

The median condo price in Cambridge is $570,000.
Josh Reynolds/Boston Globe
 images

The Boston area condo market is poised to get even more expensive in 2016, with rising prices spreading from shiny new luxury towers downtown to traditionally working class enclaves.

The median condo price in downtown Boston neighborhoods like the Back Bay, Beacon Hill, the South End and the Fenway hit $775,000 in 2015, up 9 percent from the year before, according to The Warren Group, publisher of Banker & Tradesman.

But neighboring Revere, and Boston neighborhoods like Roxbury, Dorchester and East Boston, saw even bigger, double-digit increases.

Revere saw one of the biggest jumps in condo prices in the Boston area, with the median value leaping more than 23 percent to just under $280,000 in 2015. Sales were also up 9.8 percent for the year.

Roxbury condo prices were not far behind, rising 17 percent, to $427,500.

Dorchester, which is starting to see proposals for new condo developments, saw its median price rise nearly 12 percent, to $341,500, while East Boston hit $339,000 after an 11 percent jump.

“Bidding wars have moderated a little, but we saw 35-40% of Boston city neighborhood condos sold last year go over asking price,” noted Michael DiMella, managing partner of Charlesgate Realty.

In fact, DiMella said that number rises to 50 percent when it comes to affluent and super-hot neighborhoods like the South End and Charlestown, which saw a 27 percent jump in sales last year, one of the largest increases in the Boston area. The median price of a condo in Charlestown rose 7 percent, to $570,000, according to The Warren Group.

Increasingly upscale South Boston saw prices rise 11 percent, to $555,000.

“There’s some variation from neighborhood to neighborhood, but there was strong median price growth throughout downtown Boston, especially when you look at price per square foot,” DiMella said.

Student-packed Brighton, which is seeing its own surge of new residential construction, also saw condo prices rise 9 percent, to $353,500, while sales edged up 4.7 percent, The Warren Group reports.

Hipster hotspots like Somerville, Jamaica Plain and Cambridge also experienced big run-ups in condo prices in 2015, though sales lagged amid a tight market that saw a decline in the number of units for sale.

Cambridge prices edged up nearly 6 percent, to $570,000, while Somerville was not far behind after a 13 percent jump boosted its median condo price to $540,000. But sales fell 5 and 15 percent in Cambridge and Somerville, respectively, Warren Group stats show.

Jamaica Plain proved to be an exception, with sales rising 6 percent and its median condo price hitting $440,000 after a 10 percent increase.

“The most important driving force in the market is lack of inventory,” notes veteran Coldwell Banker real estate agent Sara Rosenfeld, who has been selling real estate in Somerville since the early 1980s. It is “supply and demand – simply laws of economics.”

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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? 🙁

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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analytics general info

The 20 Hottest Markets In US

A good review of the hottest real estate markets – by Brena at Housing Wire.

Here are the 20 hottest housing markets

San Francisco keeps top spot

san jose and san Fran

As 2016 begins, the residential market is going through its typical seasonal slowdown.

But despite the winter cool down, these markets are still shining through as the 20 hottest markets in the nation, with San Francisco once again landing the title of the hottest housing market in America, the latest report fromrealtor.com said.

However, while supply is moving slowly, it is still faster than last year, with days on the market is down 7% y/y.

On a similar note, the report found that the median list price in December is also down slightly from November. While this is consistent with the season, the decline is not as dramatic with prices stronger than usual in December.

Here are the 20 hottest housing markets in December

20. Midland, Texas

19. Fort Wayne, Indiana

18. Tampa-St. Petersburg-Clearwater, Florida

17. Boulder, Colorado

16. Detroit-Warren-Dearborn, Michigan

Mich

15. Modesto, California

14. Palm Bay-Melbourne-Titusville, Florida

13. Nashville-Davidson-Murfreesboro-Franklin, Tennessee

Tenn

12. Oxnard-Thousand Oaks-Ventura, California

11. Los Angeles-Long Beach-Anaheim, California

10. Stockton-Lodi, California

9. Yuba City, California

8. Santa Rosa, California

7. Denver-Aurora-Lakewood, Colorado

Colorado

6. San Diego-Carlsbad, California

5. Sacramento-Roseville-Arden-Arcade, California

4. Dallas-Fort Worth-Arlington, Texas

Dallas Roads

3. Vallejo-Fairfield, California

2. San Jose-Sunnyvale-Santa Clara, California

1. San Francisco-Oakland-Hayward, California

Bridge

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architecture general info style

Provincetown Sale Of The Week – The Icehouse #5A

Provincetown Sale Of The Week at the Ice House Condominiums.

501 Commercial #5A , is a two bedroom, two bath 1,272 sf waterfront penthouse. It sold for $940K with an asking price of $979K. The Icehouse condominium building has 23 units and is located on the beach in the East End. Sometimes thought of as a plain concrete box of a building, these condos have incredible water views up and down the Cape, and beachfront balconies that are unmatched in town. They are  are well priced options for those looking for waterfront living.

 

501 3

501

 

 

 

 

 

 

 

 

MLS COPY: Breathtaking views of the Bay and charming rooftops of Provincetown from this penthouse apartment in East End Gallery district. Located in the historic Ice House with elevator service, this condominium has been updated with a loft-like flair. There is a large living room and dining room, leading to a renovated open kitchen with new cabinetry , high end appliances & stone countertops. There are banks of windows on two sides , leading to a balcony all of which embrace inspiring views. There are spacious bedrooms, large enough for sitting areas:one is ensuite, the other views the steeple of the Schoolhouse Gallery and has a guest bath with whirlpool tub. There is storage, in-unit w/d, central AC and assigned parking and wood floors throughout. A must see for those interested in views and waterfront.

 

See all available properties at Beachfront-Realty.com.

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architecture general info

Provincetown Sale Of The Week – 76 Commercial Street

Historic home in the West End.

76 Commercial Street #3, one of the most intriguing properties in the West End sold for $1.512M. It is a two bedroom, 1 bath condo with 1,737 sf. Asking price was $1.750M

 

76

 

 

 

 

 

 

 

MLS COPY: Acclaimed artist Hans Hofmann used this space for his school of art and studio from 1945-66. Carefully restored, this unique home is adaptable to all lifestyles. With original flooring and ship-timber constructed gallery framing the hearth, this 19′ high space is illuminated by an 11’X14′ studio window. A galley kitchen opens to the living area with a breakfast nook of large windows that open to create a summer porch. There are two bedrooms; one fashioned from a porch is bathed in morning light, the other more spacious and contemporary. Overlooking the studio is a loft and gallery, serves as an office and accommodates a daybed. Throughout the Studio there are reminders of its history including Hofmann’s signature upon the door to his office, easel and paint pallet. Enjoy this unique home and its well sought after West End location.

 

See all available properties at Beachfront-Realty.com.

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analytics general info

Five Year Projection For Home Price Appreciation

 

I am always impressed with the KCM Crew.  (Keeping Current Matters) They are excellent at distilling big data points into understandable and accessible information.

 

Home Prices: Where Are They Headed Over The Next 5 Years?

Home Prices: Where Are They Headed Over The Next 5 Years? | Keeping Current Matters

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 3.9% by the end of 2015, 3.4% in 2016 and 3.1% in each of the following four years (as shown below). That means the average annual appreciation will be 3.2% over the next 5 years.

Projected Mean Appreciation | Keeping Current Matters

The prediction for cumulative appreciation rose from 18.1% to 21.6% by 2020. Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 13.8%.

Cumulative House Appreciation | Keeping Current Matters

Bottom Line

Individual opinions make headlines. We believe the survey is a fairer depiction of future values.

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analytics general info

Provincetown Listing Of The Week

Listing Of The Week

 

A beautiful waterfront  nose unit at 333-R #7 Commercial Street is the 2016 inaugural Listing of the Week.  Two bedrooms and two baths with 798 square feet on the top floor with unparalleled views up and down the shoreline make this condo a perfect waterfront home. It is being marketed at $969K.

 

333 R

 

 

 

 

 

 

 

MLS COPY: This one-of-a-kind waterfront penthouse boasts luxurious finishes and contemporary style! Located at Harborfront Landing, a recently built high-end condominium in the heart of downtown, this spacious condo enjoys views of MacMillan Pier, Town Hall & the Monument. The gracefully curved walls reflect the ocean waves and lead you from the entry to the beautiful waterfront living room. The chef’s kitchen has Sub-Zero,Viking,Wolf,Dacor & Miele appliances, distinctive granite counter tops w/ gorgeous tile back splash & high-end cabinetry. Other extras: gleaming oak floors, 2 deeded pkg spaces, exclusive waterfront deck,CAC, California closets, in-unit W/D, private locked storage area, sec intercom w/ video monitoring, spacious building hallways, & common beachside shower. Built to the latest hurricane standard. Rentals ok and pets for owners.

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

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analytics general info

The Goode And Farmer Report – January 2016

The Goode And Farmer Report – January 2016

 

Happy New Year to everyone that we didn’t have the pleasure of seeing over the New Year Holiday. The “First Light” weekend was very busy with a Fourth of July-like fireworks display and tons of other New Years events. It was a huge success.

What a year 2015 was! The economy was in relatively fine shape, but the stock market was flat. Politics were crazy but consumer confidence was high.  Nationally many real estate markets did well while others languished at recession lows. Thankfully our Outer Cape real estate market has been consistently strong year to year with Provincetown leading the way once again!

We are excited to provide the Goode and Farmer Report for Q4 of 2015. Hopefully it will be an interesting read for you. Please don’t hesitate to call if you have any questions.

 

Q4 JPEG CC

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$1M+ Single Family Sales in Provincetown In 2015

The Million Dollar Plus market in Provincetown in 2015

Nine single family homes sold above $1M in Provincetown in 2015. This was down slightly from 12 in 2014.  There is strong demand in this category and never quite enough inventory to go around.

20 Bayberry Ave sold for $1.175M, and is a 3 bedroom, 4.5 bath home with 2,750 sf. This is a wonderfully livable home with tons of light and open space.

20 B

 

 

 

 

 

 

 

MLS COPY: Privately located in Provincetown’s West End, this exquisitely maintained Contemporary Cape was fully renovated in 2005/6. There are 3 BRs and 4.5 BAs on three well planned floors. The entry level has a spectacular foyer, home office and 3 BR’s, each w/ custom marble BA’s, glass enclosed showers and master has a soaking tub. The upper level reveals a stunning great room with vaulted ceilings, mahogany and glass deck, large windows, fireplace with floor to ceiling travertine marble, 1/2 bath, pantry and a chef’s kitchen equipped with a Sub Zero refrigerator, 2 Bosch dishwashers, Thermador cooktop and wall ovens. The lower level media room is wired for surround sound, has a full bath, wet bar, wine fridge, laundry and sliders to a blue stone patio w/grill. Interior just painted. Lovely landscaped yard. Owner occupied, never rented.

 

67 Bradford Street Ext sold for $1.360M and has 3 bedrooms, 3.5 baths and 2,304 sf. This totally renovated home is a short walk to the Moors and Herring Cove Beach.

 

67 B

 

 

 

 

 

 

 

 

MLS COPY: This classic Cape has 3 bedrooms and 3.5 bath and was totally renovated last year. The open plan living-entertaining area is perfect for large gatherings. The focal point is a raised dining table that seats 8-12. The living room is centered around a gas fireplace -oversized windows let the gorgeous cape light in. The brand new kitchen has jet black counter tops, white Carrera marble backsplash, Fisher Paykel fridge, Jennair Pro range and D/W. There is a powder room discretely positioned in the entry hallway. The master bedroom has a gas fireplace, raised ceilings, and a luxurious master bath.There are two other bedrooms (one being used as a den) and a full bath on the second floor. The brand new lower level contains a large media room/suite with a full bath. Central air, irrigation, multiple car parking, close to beaches.

 

1 Atlantic Avenue sold for $1.375M. It has 3 bedrooms, 2 baths and 1,673 sf. This home is ideally located in the near West End.

 

1 A

 

 

 

 

 

 

 

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.

 

 

524 Commercial Street sold for $1.425M and has 3 bedrooms and 3.5 bath. This is a totally renovated East End home.

 

524 com

 

 

 

 

 

 

 

MLS COPY: Welcome to the historic birthplace of Admiral MacMillan, Arctic Explorer. This 1850 original antique has been completely rebuilt in conjunction with Provincetown historic codes. Details seen from the front and public way have been painstakingly repaired or replaced. The home is now totally rebuilt and renovated to the highest standards using top grade materials and incorporating many modern amenities. Included in the 3000sf contemporary design is a first floor open living plan, a finished basement, and three bedrooms with en suite baths upstairs. See attached floor plans and expanded detail for more. This will truly make the next owner a very special and unique historical homestead!

 

3 Harbour Drive sold for $1.5M and has 3 bedrooms, 4.5 baths and 3,364 sf. In the far Was End this is one of the homes in the Bay Harbour  Cul-de-sac!

 

3 H

 

 

 

 

 

 

 

MLS COPY: GORGEOUS Home with spectacular bay views. Constructed with both aesthetics and SAFETY in mind. One of a few homes whose frame meets latest hurricane building codes. Master suite and extra large deck. Main level is open floor plan with five sliding glass doors and a beautiful deck which runs full length of house. Washer and dryer and fabulous gas fireplace on main floor. Lower level sitting/TV area, wet bar and two enormous bedrooms, each with 12 foot ceilings, en-suite bathroom and sliders to patio. Lower level radiant tile floor with underlying water resistant foundation. Widow’s walk.Two car garage with studio,1/2 bath and deck. Large cedar shed. Deeded beach rights to seemingly endless sand bar at low tide. Title V septic for 5 bedrooms room for expansion

 

34 commercial Street sold for $1.6M and has 3 bedrooms, 3.5 baths and 2,56o sf, on the true “Gold Coast” of the West End.

 

34 Com

 

 

 

 

 

 

 

MLS COPY: 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. The entire property is served by a whole house generator including the garage.

 

9 Creek Round Hill Road sold for $2.5M and has 4 bedrooms and 4 baths and 6,346 sf. The house of the year as far as price and level of renovation goes.  Gorgeous siting with with incredible views.

9 C

 

 

 

 

 

 

 

MLS COPY: Breathtaking views, impeccable grounds & a care-free resort-like atmosphere captures the essence of this newly renovated Provincetown contemporary with a mid-century flair. This 6000+ SF home offers a rare retreat w/state of the art amenities. The 45 foot living, dining and gourmet kitchen area is dramatic with a wall of windows looking out to the gorgeous views of Cape Cod Bay, Wood End Light & the ocean. Everything is brand new: systems, windows, roof, exterior cedar shingles, landscaping, irrigation, security, pool, decking, generator & more. The master suite & guest suites upstairs take full advantage of the views, & both have decks & en-suite baths. An additional guest suite on the garden level enjoys its own entrance and living area. Plenty of recreation space, with a game room, screening room, and stunning salt water heated pool.

 

23-25.5 Commercial Street sold for $3.2M and has 3 bedrooms and 3.5 baths and 2,758 sf…and one of the largest waterfront swimming pools in town!

 

23 c

 

 

 

 

 

 

 

 

MLS COPY: Waterfront Home in Far West End..this 2758 sf, 3 bedroom, 31/2 bath single family home has been lived in and loved by the same family for 30 years. It has been the source of many wonderful memories of fun-filled times in Provincetown. This fabulous home has breathtaking views from every room…perfect for watching the sun come up and set every day. Imagine yourself relaxing and basking in the sun by the heated pool during the day or taking long walks on the beach most anytime you choose. This is truly a unique property which is sure to please anyone seeking a waterfront retreat in a very desirable location. Recent improvements include new roof, new shingles and new windows on the water side of this home. Gas heat, central A/C, private beach access, and ample parking.

 

10 Harbour Drive sold for $3.412M and had 5 bedrooms 5.5 baths and 4,233 sf.

 

10 H

 

 

 

 

 

 

 

 

MLS COPY: Experience beachfront living with unparalleled privacy at Provincetown’s newest waterfront community. This newly built spectacular home at Bay Harbour is the largest waterfront home for sale in Provincetown, with over 4000 SF, 5 BR’s and 6 BA’s. Custom chef’s kitchen with WOLF & Subzero appliances. The view pours into the vast living room through the floor to ceiling wrap-around windows. A sumptuous master suite also faces the water & has a private deck,gas FP, WIC,& large bathroom with jacuzzi, steam shower. All bedrooms & the den have ensuite baths. Security, AC, lush grounds, basement, and 2 car garage. While most oceanfront properties are experiencing severe erosion, Bay Harbour, through certified surveys, has experienced over 125 feet of beach ACCRETION seaward since 1976. The property’s approved for a 12×27 ft pool with a jacuzzi.

See all available properties at Beachfront-Realty.com.