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The Least Expensive in Provincetown

The least expensive condo and single family listings available in Provincetown.

February 11, 2014

It is hard to believe but you can buy a single family home for $479K in town.  28 Nelson Ave  is a 3 bedroom, 1 bath home with 1,320 square feet.

 

28 Nelson Ave

26 Nelson 2

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26 Nelosn 3

 

 

 

 

 

MLS copy: Don’t miss your opportunity to own a spacious 3 bedroom single family home in a quiet neighborhood of Provincetown. There is a full walkout basement that could be finished for additional living space or can be used as storage. The living room features a wood burning fireplace and has an abundance of natural light. Recent upgrades include a Baxi propane heating system, new Title V septic, privacy fence and terraced gardens. The home is in good condition and has great potential.

There are a total of 48 single family properties on the market in Provincetown with that number sure to increase over the next few months as the spring market warms up. The average listing price is $1.508M. The average size is 2,570 square feet.

 

The least expensive condo is 963 Commercial #51 , a 1 bedroom, 1 bath unit with 258 square feet which is offered at $125K.

963 C

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MLS copy: Walk to the pool or the beach from this wonderful escape. This property is a one bedroom, one bath unit at the Beach Point Club, a waterfront complex minutes from the center of town and on the flex bus route. A perfect beach getaway with a low monthly fee, this property includes use of the association in-ground pool, direct access to the beach and assigned parking. Enjoy your exclusive front patio for morning coffee and exclusive back deck with bay views for afternoon relaxation. Currently used seasonally, unit may be converted to year-round use with approvals. Weekly rentals allowed and pets for owners.

 The entry level price point for condos in Provincetown is a big segment of the market.  There are 37 condos available priced below $350K. The average condo in  this segment is listed at $248K and has 563 square feet.We are always surprised at what buyers can get for relatively little money.   Many are waterfront or beachfront, and some are  located in condo associations with swimming pools and other amenities.

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Truro Luxury

 The 3 most expensive single family homes for sale in Truro.

February 11, 2014

There are so many gorgeous single family homes in Truro on both the bayside and ocean side. You have seen many of these homes in Cape Cod Magazine, Architectural Digest and on all the real estate web sites. Below are the three most expensive luxury homes on the market.

19 Avocet Road is being offered at $2.495M. It is a 3 bedroom, 3 bath home with 3,585 square feet.

19 Avocet Rd2

19 Avocet 3

19 Avocet Rd

19 Avocet 4

 

 

 

 

 

MLS copy: Clearly the best waterfront property on the Outer Cape! This stunning Bay front Contemporary is situated in one of Truro’s most sought after waterfront locations with 1.56 acres of treasured privacy. This estate sized setting affords the discerning buyer all the appeal of Cape Cod living: dramatic far reaching water views from almost every room, private steps to your sandy beach and close proximity to Truro Center and Provincetown’s renowned art galleries, restaurants and night life. All of this with an expansive interior with soaring cathedral ceilings, new chef style kitchen, expansive living and dinning, master BR with 180 degree views of Cape Cod Bay and private master bath. There are sliders to a generous seaside deck, beautiful professional landscaping, hurricane shutters and the added bonus of a separate detached artist’s studio.

 

2 Heron Lane is offered at $2.750M. It is a 4 bedroom, 3 bathroom home with 2,500 sf.

2 Heron Lane .$2.750Mjpg

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2 Heron 2

 

 

 

 

 

MLS copy…verbatim!  The open living dining area with deck to stairs to your private beach is the perfect room to entertain and enjoy extended family living. There is a view from almost every room of this one level contemporary design with dramatic sunsets in every season. The window walls in the Living room with soaring ceilings and fireplace make this custom construction comfortable in every season. Historic Highland Links, Highland Light, and the Winery are a short distance in the North Truro neighborhood. This property is in move in condition to enjoy with privacy yet convenient to Provincetown and the airport. The private tennis court is around the corner and the automatic rolling shutters protect the house in all weather

 

15 Avocet is being offered at $2.950M. It has 4 bedrooms, and 3 baths and has 3,255 square feet. This house is one of the most  stunning waterfront homes ever available on the Cape.  See if you don’t agree with me.

15 Avocet $2.950

15 Avocet 3

15 Avocet 4

15 Avocet 2

 

 

 

 

 

MLS copy: Spectacular panoramic waterfront views and sunsets are framed from almost every room of this dramatic Shearwater contemporary design. The master suite was planned to capture the sweep of the beach to the Provincetown Monument. Each living space connects to the deck areas, look out deck, including the media room and stairway to the beach. The lower level has a private entrance with an outside shower, living area, new bath, and bedroom with bay views. The spacious lower level with gallery hallway and two car garage provide storage and enter to the family room, with additional views of Cape Cod Bay. A seaside sensation with updates found in custom construction, including geothermal heat and AC, with 4 zones. Featured in Cape Cod Magazine August issue. Enjoy this property in all seasons!

It is so cool to see the incredible properties available in Truro, as we sometimes tend to focus in Provincetown more because more folks are familiar with it. But Truro is such a treasure!

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High End, High Tide – The Two Most Expensive Listings In Provincetown

Not surprisingly the most expensive condo and single family property available in Provincetown are on the water.

February 7, 2014

There are 5 condos on the market in Provincetown with list prices over $1M.

The most expensive is a gorgeous waterfront condo  at 67 Commercial Street #4 offered at $1.899M.  This is a 2 bedroom, 2 bath condo with 969 sf which is quite literally on the water, as you can see from the pictures below.  It is located in one of the most desirable neighborhoods too! That enviable stretch of Commercial Street from Franklin Street west to the Red Inn.

 

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Following is a description direct form Cape and Islands MLS. Quintessential, waterfront, West End free standing 2 bedroom, 2 bath Cape home with spectacular views of the harbor & Long Point. This luxury home has been completely rebuilt with contemporary finishes yet true to its Cape roots. The main living area has wide plank Scandinavian bleached white oak floors, bead board wainscoting & ceiling & a glass door that opens to a private waterfront deck. Kitchen features custom modernist shaker cabinets with a resin pebble backsplash, a Sub Zero refrigerator & Miele appliances. On the second floor you will find the master bedroom with cathedral ceiling, private deck & a spacious en suite bath. The guest bedroom also has a cathedral ceiling and oculus window. Both the baths have river stone tiled showers with Waterworks nickel fixtures & custom glass enclosures. There is off site deeded parking for 2

There are 30 single family homes available with listing prices over $1M – fully 63 % of the 48 single family homes that are available. 

The most expensive single family offering is at 10 Harbour Drive. It is a 5 bedroom, 6 bath home with 4,233 square feet and is being offered at $3.995M. As you can see from the pictures beow and the MLS copy attached it is an exceptional property.

 

10 Harbour 3

10 Harbour 2

10 Harbour

10 Harbour 4
Following is a description direct from Cape and Islands MLS. 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 and 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 and has a private deck,gas FP, WIC,and large bathroom with jacuzzi, steam shower. All bedrooms & the den have ensuite baths. Security, AC, lush grounds, basement, and 2 car garage.
Both are lovely properties and represent the luxury market in Provincetown beautifully.

 

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Condos Soar

691 Mass Ave, #208, asking $570K. 1B/1B, 909 sf

Its always interesting to hear mixed reactions to condos, as our “local” markets, downtown Boston and Provincetown are very condo centric. A good statewide perspective though.

Condos soar as home sales stumble

Posted by Scott Van Voorhis
Are buyers turning to condos as they find themselves on the losing end of soaring single-family home prices?

It happened during the bubble years and in previous booms as well. And it looks like it may be happening again given the latest Massachusetts sales stats out this morning

Bay State condo sales jumped more than 15 percent in December compared to the year before, even as home sales slid –  by just under a percent –  for the fewest sales since April,The Warren Group reports.

Yet even as home sales faltered, home prices rose yet again in December amid a dearth of listings for buyers to look at, with the median price hitting $320,000, a 6.3 percent jump over 2012 and an increase over this November as well, the Massachusetts Association of Realtors finds.

And despite the stagnant sales numbers, demand still appears to be relatively strong, with the drop in sales driven by the sparse choices in the market as much as anything else.

Even as home sales stagnated in December, average days on market dropped to 99 days, down from 130 in December 2012, according to MAR.

By contrast, condo prices look a little more reasonable, though that window appears to be closing as well.

The median condo price rose 8 percent in December, to more than $305,000, MAR reports. The median condo price for all of 2013 – $300,000 – was the highest since 2004.

While generally less expensive, condos have the perception as being a riskier bet than singe-family homes. There’s more price volatility with condos the poster child, at least in New England, of the devastating early-1990s real estate collapse.

Many of those who snapped up condos during the greed-is-good 80s were stuck with them for years, unable to sell, period, let alone settling for a loss.

Developers during those heady boom times got the very dangerous idea they could turn any old building anywhere into overpriced condos and stuff their pockets with easy profits.

Bad bets include the downtown Haverhill condo next to a car dealership that one of my former newspaper colleagues was stuck with from his bachelor days.

He wound up renting it after he got married and bought a house – he may very well still be sitting on it, though I suspect he finally found a way to unload during the bubble years, circa 2003-2006.

Ready to go condo? Homes too expensive for you now?

 

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Cold Weather Hot Prices

Succinct post by Scott!

 Cold weather, hot prices

Posted by Scott Van Voorhis  January 24, 2014 10:26 AM

Hard to believe with the arctic temps, but the spring real estate market is just around the corner.

And if the latest price and sales numbers are any indicator, this spring is likely to see another big jump in prices, driven in large part by the long-standing shortage of listings.

Just take a look at what happened in December, usually the dead zone of the annual real estate cycle.

Instead, home prices in the Boston area jumped 3.6 percent in December from November to a median price of more than $372,000. That’s also a more than 8 percent rise as well from December, 2012, Redfin reports.

But here’s the key stat: The inventory of unsold homes dropped nearly 20 percent from November to December, a very big one-month plunge, according to Redfin.

Overall, the number of home for sale in December was down more than 30 percent compared to December 2012.

 

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S&P/Case-Shiller: Greater Boston Values Up 10%

Good article by Chris Reidy below. November S&P/Case-Shiller numbers certainly forecast year end figures we have been reporting of Boston neighborhood sales prices up an average of 8% in 2013. The most important result of this good news is in the last paragraph which does follow what we are hearing and experiencing in the field. Sales are moderating and even declining in some neighborhoods while prices do continue to rise.

S&P/Case-Shiller: Greater Boston home values up nearly 10 percent

By Chris Reidy / Globe Staff / January 28, 2014

Home values in Greater Boston rose 9.8 percent in November on a year-to-year comparison basis, according to a report on the US housing market issued Tuesday by the S&P/Case-Shiller Home Price Indices.

The widely watched indices tracks repeat home sales around the United States.

The Boston area’s annual rate of 9.8 percent for November represented an improvement of 1.2 percentage points from the previous month. In the 20-city universe that the indices track, Boston was one of nine cities where values accelerated on an annual basis.

From October to November, home values in Greater Boston rose 1.3 percent on a seasonally adjusted basis, the S&P/Case-Shiller Home Price Indices added.

The November report included a statement from David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, commenting on the latest US results.

“Beginning June 2012, we saw a steady rise in year-over-year increases,” Blitzer said. “November continued that trend with another strong month although the rate of increase slowed.”

The Warren Group and the Massachusetts Association of Realtors are expected to issue separate reports on the state’s housing markets later this week. Those reports will focus on Massachusetts home sales in December.

In reporting on November sales, Warren Group chief executive Timothy M. Warren Jr. stated: “This has been a banner year in local real estate, but one with a focus on rising prices. The sales volume growth has been more restrained and now we see a modest decline. We’re seeing the same thing in Massachusetts that the rest of the country is experiencing: a slight slowdown in home sales, driven by increasing interest rates and tight supply.”

Chris Reidy can be reached at [email protected].

© Copyright 2014 Globe Newspaper Company.
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Most Expensive Sales Of 2013

The Provincetown  luxury market performed strongly in 2013 with 22 properties selling for over $1M, 27% more than the 16 sold in 2012. 19 single family homes and 3 condos sold with an average selling price of $1.48M. The average property had 3 bedroom,  3.5 bath and 2,626 sf of living space. This increase is because of rising prices, as well as the quality of $1M plus inventory of properties for sale. As reported earlier 3 incredible homes sold in 2013 on Telegraph Hill, a first since the neighborhood was built.

Below are the top 4 residential property sales of 2013. Real Estate at its best.

 

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571 Commercial Street sold for $2.265M. It is a gorgeous 5 bedroom, 4 bath 2,757 sf house on a 5,489 waterfront lot originally built in 1900. This house has always been a favorite of mine in the East End.

MLS copy: Endless harbor and bay views greet you upon entering this wonderful 5 bedroom beachfront historic home! Filled with charm, privacy inside and out, a spacious terraced yard, 62′ waterfront deck, and private steps to the beach, this rare offering is ready to enjoy. Extremely well maintained and loved by its previous owners, this is the perfect second home or year round residence for all who seek the unspoiled Provincetown experience at its best!

 

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3 Creek Round Hill Road sold for $2.3M. It is a 4,500 square foot 3 bedroom with a guest/in law apartment on the lower level.  It sold for $2.3M in the fall. In years past this h0use was know to its neighbors as the “wedding house”as it was regularly rented out for weddings and other special events. Hopefully the new owners will relegate it to good old residential use only.

MLS copy: Enjoy commanding water views and sunsets from this glamorous West End home. This custom built two family home features over 4,500 square feet of luxury living with uncompromising attention to detail. The first level boasts a chef’s kitchen, open concept living/dining room with sliders leading to spacious decks, guest bedroom, and spectacular views of the Breakwater, Longpoint, Moors, and dunes of Herring Cove. The second level features a grand master suite, luxurious master bath, and sensational views. The second level also features two guest bedrooms and bath. The garden level walkout offers a nicely appointed 1BR apartment with private entrance and bath. There is also a one car garage and laundry room on this level. The home has a substantial rental history of $130K annually making it the perfect home for the savvy investor.

 

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59 Commercial St sold for $2.4M. This  is an incredible piece of property with a 1,468 square foot main house fronted on Commercial Street, and a 984 square foot darling cottage on the waterfront. n July 22. 2/3 1468 plus 984 sf cottage.

MLS copy: West End Waterfront Compound with two beautifully restored year-round homes. The main house was floated over from Long Point and has all the wonderful detail you would find in a period residence but with all the amenities for today’s lifestyle such as central air and a high-end fully equipped kitchen. Between the main house & the waterfront cottage is a large courtyard with a Belgian block parking area for three cars. The 984+- square foot cottage has its own systems that are mostly separate from the main house and would be an excellent income producer. The views are exquisite from this space with the Long Point lighthouse right in front. The cottage has two decks, a bluestone patio and a staircase directly onto the beach. The entire property is connected to the sewer system and the grounds are irrigated. Please call for an appointment.

 

8 Th

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8 Telegraph Hill sold for $2.89M This is a 3 bedroom 4 bath house of 3,510 square feet.

MLS copy:  This is the best view on Telegraph Hill. Custom built (heavy duty construction)in 2002 this home home offers panoramic views of Provincetown Harbor,the shores of Truro & Wellfleet, west end rooftops of Provincetown & a stunning view of the Monument. Meticulously maintained, well appointed w/hardwood floors, custom Hunter Douglas blinds, marble & limestone baths, commercial grade Viking appliances, double fireplace, high ceilings w/custom lighting, central ac, mature gardens, irrigation system & a 2 car garage. The upside down design gives you living and dining space on the top floor w/an open floor plan, along with a wrap around deck for outside entertaining. The entry level has 3 large bedrooms including two master suites, all with en-suite baths. Lower level offers a finished room, laundry room & 2 car garage. Granite block driveway.

Each of these homes is so special, and each of them represents their neighborhood beautifully. The far East End is represented by 571 Commercial Street, the far West End by The “Wedding House” on Creek Round Hill Road and the near West End by 8 Telegraph Hill and 59 Commercial Street. All gorgeous properties!

 

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First 4 Sales Of The Year

The first 4 sales of 2014 beautifully illustrate the diversity of real estate in Provincetown. From a $385K townhouse on Race Point Road, to a one of a kind $925K East End waterfront beauty – these first few sales of the New Year speak to what Provincetown real estate is all about.

 

60 RPR

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60 Race Point Rd sold for $384K, a 2 bedroom, 2 bath condo with 1,015 square feet in the White Pines at Race Point Road condo association of 15 units.

MLS copy: Beautifully maintained 2-bedroom townhouse just a short distance to Race Point Beach, Province Lands, bike path, and walking trails. Convenient to shopping, dining, and entertainment. Backed up to conservation land, this well maintained complex is well designed with attention to detail. Flooded with light and opening to front porch and exclusive side deck, the 1st floor is open plan: living, dining, and well-appointed kitchen. Oak floors throughout great room – oak cabinets, stainless appliances, granite countertops finish the kitchen. Full bath on this level. 2 large bedrooms on 2nd level, shared full bath with jacuzzi tub. Large closets, attic space and full basement (exclusive to this unit) allow for plenty of seasonal storage OR finish basement for additional living space. Central A/C. Weekly rentals and pets for owners allowed.

 

1 Holway

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1 Holway Street #1 sold for $480k,  a 3 bedroom 1 bath condo with 962 square feet.

MLS copy: Located just two blocks from Commercial Street and the bay beach, this freestanding cottage-style condominium is perfect for year round living or a vacation retreat. This charming three bedroom home features an updated kitchen with stainless steel appliances, renovated bathroom, hardwood floors, abundant natural light, air conditioning, washer/dryer, attic storage, and one tandem parking space. This home is being sold turnkey. Weekly rentals permitted. Buyer to assume sewer betterment.

 

19 Tremont 2

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19 Tremont sold for $641,500, a 2 bedroom, 2 bath condo with 885 square feet.

MLS copy: If you’ve been waiting for just the right West End home or vacation escape, you’re in luck. This 2 Bed, 2 Bath Townhouse has it all. A wood-burning fireplace in the living room stretches toward the vaulted ceiling, the bright, granite-countered kitchen w/intimate dining area overlooks the very private, superbly landscaped & well-designed spacious, fully enclosed outdoor living room complete w/hot tub, shower, koi pond, mature plantings including a fully integrated Dogwood. Back indoors, the 1st floor guest suite features a private bath & separate entrance.The entire top level is a master suite w/full bath, delightful bedroom overlooking the outdoor oasis & a spacious loft, ideal for office, entertainment or additional storage. Basement laundry & parking add to the appeal; proximity to the beach & Commercial Street complete the package.

 

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493 commercial sold for $925K, a one of a kind 2 bedroom 2 bath waterfront condo with 1,588 square feet.

MLS copy: For a discerning buyer who enjoys the luxury of waterfront living with service to make it hassle free. Unique association- fees include interior maintenance,landscaping, in-unit heat,AC, electric and cable.Spectacular in design,this penthouse embraces the harbor through its two story wall of glass and expansive deck.Property has flexible space ideal for dining, entertaining and lounging all leading to a private waterfront deck.The kitchen is designed with a separate prep area open to the living space and has upgraded cabinets,appliances, stone countertops and a bfst bar.There are two bedroom suites both with tiled baths;the master has a dressing room & views.This home is ready for your enjoyment,but should the day come that travel takes you elsewhere, the projected gross rental is $70K to $80K annually. Buyer assumes betterment.

These were the first four…more sales highlights as they occur.

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Market Highlights Provincetown 2013

58 Franklin St $1.059M

 

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Goode & Farmer Report – Boston Year End 2013

 Goode & Farmer Report – Boston Year End 2013

January 15, 2014

The challenge remains lack of inventory.

The Big Numbers are 6, 8 and 44! Combined, all Boston neighborhoods saw a 6% increase in the number of condos sold in 2013 to 4,605 from 4,361 sales in 2012. The average sales price of condominiums increased 8% to $608K from $563K in 2012. Average days on market dropped 44% to an average of only 46 days from an already historic low last year of 82. This real estate market is healthy except for the continuing decrease in inventory levels. There are only 374 condominiums for sale in downtown Boston, a slight increase from the 347 last year at this time, but still a very low number.

The Back Bay, saw a 4% increase in the average sales price of a condominium to $1.228 from $1.18M. Total sales of condos were down 12% to 474 from 537 in 2012 with the average days on market down a remarkable 44% to only 59. There are only 58 condos available for sale in the Back Bay today.

The South End saw a 7% increase in the number of condo sales to 578 from 540 condos sold last year. The average price of a condo sold increased 14% to $802K compared with $704K last year. Total sales volume was up 22% to $463M. Interestingly there are only 28 condos for sale today.

South Boston saw an 8% increase in the number of condos sold to 630 from 585 in 2012. The average sales price of a condo increased by 10% to $467K compared with $423K in 2012. South Boston had the largest drop in average days on market to only 32. There are only 54 condos on the market today.

It is so evident that inventory remains the problem in all of the downtown Boston markets, but as I have said repeatedly this market is so resilient and so desirable that declining inventory levels have not  affected the steady increase in prices in most neighborhoods. Although in some neighborhoods like Beacon Hill sales have decreased 25% to 140 from 186 last year – due to the total lack of inventory available for sale. There are a total of only 6 condos for sale on The Hill. Time will tell if this dynamic continues. The addition of Ink Block and numerous other condominium projects just may signal an end to the seemingly endless lack of inventory.

 

Boston chart

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I hope this clean and simple year end analysis of some favorite and important Boston neighborhoods has been interesting.