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general info

Beach Town Price Comparison

Interesting comparison by Tom Acitelli at Curbed.com.

Boston-Area Beach Towns: the Priciest and Cheapest for Buying a Home

Nantucket leads the pack

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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