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Real Estate Trends That Defined 2014

Below is an rundown of real estate trends we saw in 2014 and a look forward to what we might see in 2015. This post provides a terrific national overview that is meaningful for our local markets as well.

The year 2014 saw a steady build-up of housing momentum that is expected to carry the market into 2015 gains, according to a realtor.com® report released today.

The 2014 Housing Review points to significant improvements in the U.S. economy overall and low mortgage rates as fueling the housing market. However, there are also factors that continue to hold back a recovery, including tight credit restrictions and a limited supply of homes for sale.

“The strong outlook for 2015 is based in part on the improvements and momentum experienced by the economy and housing in the second half of 2014,” said Jonathan Smoke, realtor.com®’s chief economist. “With several key factors turning strongly positive, 2014 was a turning point and sets the stage for a stronger recovery in 2015.”

Here are the top 10 trends of the past year, with five indications of growth and five limiting factors.

Realtor.com®’s Top 10 Real Estate Trends of 2014

Indicators of a stronger housing recovery

1. Improving economic fundamentals: After an especially harsh winter, the economy picked up steam this spring and produced a banner year for new jobs. The GDP this year was higher and is still trending higher, resulting in stronger consumer confidence.

2. Historically low mortgage rates continued: Mortgage rates declined despite the end this year of quantitative easing, a monetary policy intended to stimulate the economy. Global weakness, along with actions by the European Central Bank and central banks in Asia, kept our Federal Reserve from raising the Federal Fund Rate, which kept mortgage rates low.

3. Return to normal price appreciation: After two years of abnormally high levels of home price appreciation in 2012 and 2013, price increases moderated throughout 2014. We are now experiencing increases in home prices consistent with long-term historical performance.

4. Decline of distressed sales: Foreclosures and short sales declined throughout the year, and while total home sales decreased year over year, normal (non-distressed) home sales increased over 2013. Foreclosure inventories also fell substantially and are forecasted to be down 30% year over year at the close of 2014.

5. End of the era of major investors active in purchases: Related to the drop in distressed sales opportunities, and against a backdrop of higher home prices, portfolios of single-family homes for rent may have reached their peak this year. Large-scale investor purchase activity in the single-family market sector continued to decline, leaving more room for traditional first-time buyers.

However, we still have a ways to go back to normality.

“Despite the positives, several factors were far from normal this year,” Smoke said. “The limiting factors held back demand and even supply in 2014, but economic gains and late 2014 government housing policy actions brighten the potential for even more positive change in 2015.”

Factors holding back recovery

1. Tight credit standards: Despite historically low rates, many households were prevented from capitalizing on mortgage access because of overlays lenders added to qualification standards in order to limit their risk. As a result, mortgage credit availability did not improve in 2014.

2. Limited inventory: While absolute inventories increased as the year progressed, supply did not outpace demand. Monthly supply of new homes and existing homes remained beneath normal levels, and the age of inventory was down year over year.

3. Depressed levels of first-time buyers: The share of first-time buyers fell to the lowest level in more than 20 years, according to the National Association of REALTORS®. “But the first-time buyer share is showing signs of modest improvement by the year-end,” said Lawrence Yun, NAR Chief Economist. Federal policy actions, such as revised regulations for lenders and new low down-payment programs introduced in December are anticipated to have a positive impact in 2015.

4. Record levels of renters and ever-increasing rent prices: Continued declines in homeownership rates resulted in record numbers of renting households. Rent increases became an inflationary concern this year, and looking ahead, the pace of these increases is not slowing down.

5. Lack of recovery in homebuilding and low share of new home sales: Single-family starts barely increased in 2014 over 2013. New home sales remain far from normal share levels – typically near 16%, they are now around 9%. New home prices increased substantially again this year, revealing that higher priced product is limiting the demand.

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architecture general info

Provincetown Listing Of The Week

New construction hilltop home.

664 R Commercial Street #3 is a 3 bedroom, 4 bathroom stand alone home deeded as a condo with 1,560 square feet. Sited on a hilltop in the East End the views from this beautifully designed reverse floor plan home are gorgeous. There will be two other condos built on the site. Residence #3 is being marketed for $1.250M.

 

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MLS COPY: Premier hilltop water view location off Commercial Street in the East End. New construction single family Cape with classic Nantucket dormer on the front and full dormer facing the harbor views. Upside down floor plan with great room on second floor. Open plan high end kitchen with center island, dining and living area open on to large upper deck to drink in the views. A flex room that can be used as and extension of the living area or or home office or third bedroom with ensuite bath completes the upper level. First floor features two master bedrooms with sitting area and ensuite baths. Both bedrooms open onto decks and there are some waterviews even from the ground level. Full basement. Red oak floors throughout. High end Kohler baths. FHW/propane heat, central AC. 2 parking spaces + guest parking.

 

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See all properties that are available at Beachfront-Realty.com. 

 

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$500K to $800K Condos In Provincetown – The Most Popular Price Range.

$500,000 to $800,000 – the most popular “price point” in Provincetown.

40 of the 127 condos sold so far this year had sales prices  between $500K and $800K –  1/3 of all condo sales. This is 42% more than last years 28 sales.

Within this price range the average sale price was $600K for a 1,030 square foot two bedroom two bathroom condo with an average price per square foot of $583. In 2013 the average sales price was $588K with an average of 1,124 square feet for an average price per square foot average of $523.

Below are six favorites.

45 Commercial St. #8, 2/2, 555 sf sold $520K
45 Commercial St. #8, 2b/2b, 555 sf sold $520K
8 Wareham St # B, 2/2, 1,004 sf, sold $575K
8 Wareham St # B, 2b/2b, 1,004 sf, sold $575K
6 Cook St #3, 2/2, 915 sf, sold $615K
6 Cook St #3, 2b/2b 915 sf, sold $615K

 

 

 

 

 

 

11 Georges Path # B, 2/2, 1,150 sf, $615K
11 Georges Pth #B, 2b/2b, 1,150 sf, sold $615K
67 Commercial St #3, 1/1, 475 sf. sold $695K.
67 Commercial St #3, 1b/1b, 475 sf. sold $695K.
4 Bradford St #2, 2/2, 1,100 sf, sold $780K.
4 Bradford St #2, 2b/2b, 1,100 sf, sold $780K.

 

 

 

 

 

 

 

 

 

There are 28 condos available for sale in this market segment with an average asking price of $635K or $587 per square foot. Below are six of favorites.

 

83 Bradford St #3, 2/2, 926 sf, asking $539K
83 Bradford St #3, 2b/2b, 926 sf, $539K
143 R Bradford St EXT. 1+/2, 975 sf, asking $559K.
143R Bradford EXT. 1b/2b, 975 sf, $559K.
606 Commercial St #3, 3/1, 1,307 sf, asking $599K.
606 Commercial St #3, 3b/1b, 1,307 sf, $599K.

 

 

 

 

 

 

 

67 Commercial St #1, 2/3, 821 sf, asking $729K.
67 Commercial St #1, 2b/3b, 821 sf, $729K.
55 W Vine St #B, 2/3, 1,174 sf, asking $759K.
55 W Vine St #B, 2b/3b, 1,174 sf, $759K
19 Tremont St #32/3, 1,146 sf, asking $799K.
19 Tremont St #3, 2b/3b, 1,146 sf, $799K.

 

 

 

 

 

 

 

 

There are currently 10 pending sales in this range with an average asking price of $663K or $586 per square foot.  9 of the 10 are in the West End. Three favorites are shown below.

 

23 Winthrop St #2B, 2/2, 807 sf, asking $599K.
23 Winthrop St #2B, 2/2, 807 sf,  $599K.
62 Franklin St #4, 3/1, 960 sf, asking $694K
62 Franklin St #4, 3/1, 960 sf,  $694K
5 School St # 2, 2b/3b, 960 sf, asking $799K
5 School St # 2, 2b/3b, 960 sf,  $799K

 

 

 

 

 

 

 

This week several more condos have gone under agreement in this price range. Perhaps a sign of a strong winter market to come. BRRRR!

 

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analytics general info

The Goode and Farmer Report October 2014

Provincetown, Truro and Wellfleet Real Estate market 3Q2014 Figures 

 

PROVINCETOWN

Stable…solid…predictable…encouraging… qualities you don’t often hear when describing second home markets, but 2014 sales-to-date are just that, and in some instances downright outstanding. While in urban areas nationally we are seeing the volatility caused by low inventory and frothy prices beginning to abate. In contrast Provincetown Truro and Wellfleet real estate markets are behaving more like mature overachievers than emotional teenagers.

Year-to-date sales through the 3Q in Provincetown were strong with condos leading the market with sales increasing 14%. The average sale price of single-family homes remained relatively flat, mostly the product of lower inventory. Provincetown had a stellar summer season once the monsoon rains of spring gave way to gorgeous and dry summer weather.

The average sale price of condos sold in Provincetown increased 3% to $446K from $432K last year, and the number of sales recorded in MLS were 14% higher than last year at 103. Sales volume increased by a 18% to $46M. The median price of condos sold also increased 20% to $426K from $354K an indicator that the belly of the market has moved up from the $400K to $600K range to the $500K to $700K range.

The average price of single-family properties sold year to date was $1.03M down a modest 1%. There were 24 single-family sales, which was down 25% from 32 last year. Total sales volume was $25M down from $33M. We continue to feel that these softer single-family numbers are being caused by the historic lack of inventory, as buyer demand remains high especially in the desirable West End and East End neighborhoods.

The $1M plus single family market remains much slower with only 6 sales and $12M in sales volume compared to 13 sales last year with a volume of $21M.

Condo inventory as of October 19 is relatively low with only 90 available with an average asking price of $515K and an average price per square foot of $604. There are 25 condos available priced between $300K and $400Kand 22 with prices between $500K and $700K

There are 47 single-family properties on the market with an average price of $1.54M and an average price per square foot of $584.

The condominium market is tracking well higher than last years. The single-family market is tracking a bit lower. Fourth quarter under agreement (pending) sales of condos are quite strong and will bolster already impressive numbers.

 

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TRURO AND WELLFLEET

The single-family home market in Truro and Wellfleet has performed better than Provincetown this year. We only track single-family home sales in these towns as their condo markets consist mostly of 3-season inventory. Single-family sales have seen incredible increases this year partly a result of the dearth of inventory in Provincetown – as well as the high average price of homes in Provincetown.

The average median sales price for single-family properties in Truro is up 14% to $625K from $550K in 2013, but the number of sales was down 22% to 29 sales this year. Even with many fewer sales, volume was only down 5% to $23M.

Wellfleet turned in the strongest performance with a 29% increase in sales to 62 units from 48 last year. The median sales price of single-family properties sold was up 4% to $494K from $476K last year. Wellfleet remains a predominantly a single-family sales market too.

Positive buyer and seller attitudes coupled with a continuation of relatively low mortgage rates (30-year-fixed rates are averaging 3.875%) and an improving economy bode well for 2015 being a great year to jump into the market.

 

3Q2014 Truro&Well2

 

 

 

 

 

 

 

 

 

 

 

Please call or stop in if you are considering selling or buying, or if you are just curious as to what your home is worth. Our business philosophy has always been that the best-informed buyers and sellers are most satisfied with their real estate results. And that’s what we do best!

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Provincetown Sale Of The Week – 532 Commercial Street

 

532 Commercial Street recently sold for $840K.  With three bedrooms and two baths and 912 square feet it is a charming compact East End single family antique. It was being marketed for $899K.

 

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MLS COPYY: A wonderful antique East End home with three bedrooms a bonus dormered artist studio room. Two full baths refinished antique wood floors. Seasonal peeks of the water beach access in the area. Gorgeous yard with a wonderful decked back yard and two car parking. One would be proud to own this home with its stately presence on a corner lot.

 

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View all properties for sale at Beachfront-Realty.com

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architecture style

Iconic Days Cottages In Truro On The Market

Below is a repost of a really well done story by Zeningor Enwemeka at WBUR in Boston….and congratulations to Gregg Russo for doing a great job launching the marketing campaign for the Cottages.

For Sale: Iconic Cape Cod ‘Flower’ Cottages Near Provincetown

By 

WBUR Staff – Zeninjor Enwemeka, Digital Reporter, WBUR

Days Cottages in Truro. (eatswords/Flickr)

Days Cottages in Truro. (eatswords/Flickr)

BOSTON — One of Cape Cod’s most iconic properties hit the market this week, and you can now own a piece of New England history.

Days cottages (or the flower cottages), the beachfront rentals located on the way to Provincetown along Route 6A in Truro, are up for sale with a price tag of $399,000 each. Listings for the cottages call it “a once in a lifetime opportunity to pick your very own flower.”

The row of 22 identical cottages has been owned by the Days family since 1931. Each is named after a flower. There’s Daisy, Zinnia, Violet, Rose and so on. Over the last eight decades, the cottages have served as a muse for artists and photographers who came to capture the essence of the Outer Cape. Plenty of tourists have been drawn to them too over the years.

Each cottage is 420 square feet with two bedrooms and 1 bathroom, plus a private beachfront. All are listed at the same price except for the two end units. Unit 1 (Daisy) is listed at $409,000 and unit 23 (Wistaria) is listed at $429,000. (Note: There is no unit No. 13.)

A view of the Lilac condo unit at Days Cottages in Truro. (Elyssa Cohen Photography)

A view of the Rose condo unit at Days Cottages in Truro. (Elyssa Cohen Photography)

Since 1991, Joe Days has operated the cottages with his wife, Cindy. His sister, Carol, is also a partner in the business. Joe Days said the work takes a toll after so many years, and he and his wife are ready to retire and have a less stressful life.

“We’re not getting any younger,” said Days, who is 66. “My wife and I would like to get on to the next phase of our life.”

Days said he’s been part of the business since he was a kid, working 42 years in all there. He and his wife plan to spend more time at their home in Florida, but will still make the Cape their home in the summers. Days said they also plan to continue running the convenience store (Days Market) across the street from the cottages — at least for a couple more years.

But the sale of the cottages means that part of the business will no longer be in the family. Days said he and Carol decided it was a good time to sell and move on. He said other family members are not in the business.

“They’ve all got their own jobs and careers,” Days said. “The fact that somebody would have to come down and do this, I don’t know was that appealing.”

The cottage were put up for sale before in 2006, but Days said the real estate market at that time wasn’t so great, so they were taken off the market.

For Days, selling is bittersweet. He’s had several employees who have worked alongside him for years. He said those relationships have been the best thing about the business.

“Some of them have been with me for 20 years and longer,” Days said. “It makes it fun to do it and I enjoy this work. It just makes it fun when you’re working with people that you like and that like you back.”

Over the years, Days has also grown close to several customers who return year after year, and generation after generation. He said many have left Facebook messages lamenting that the cottages are being sold.

“A lot of these people are like, ‘Oh, we just started bringing our grandchildren and we thought we were going to have many years to enjoy it with them’– talk about a guilt trip,” he said with a laugh. “Some other people say, ‘Well all good things come to an end sometimes.’ ”

But the cottages are not quite coming to an end. They will just be under new ownership. The “Days Cottages” name will remain the same, but they will have the word “condominium” added to the title, according to Days.

A view of Days Cottages from the beach along Cape Cod Bay in Truro. (Elyssa Cohen Photography)

A view of Days Cottages from the beach along Cape Cod Bay in Truro. (Elyssa Cohen Photography)

The iconic look and feel of the cottages will also stay the same since the town won’t allow them to be changed, according to Gregg Russo, the realtor for the properties.

“The zoning board of appeals, when the family went to get permission to condo — which is the process in Truro — actually put a restriction on the approval that they never can be changed or altered in any manner,” Russo said.

This means the color, the flower names and the overall structure of the cottages will continue to look as they always have. Days calls that a “good thing” and said he hopes the new owners will also keep his longtime customers and continue that tradition.

The cottages cannot be occupied in the winter due to a city bylaw that limits occupancy to three seasons, according to Russo. So far, the history of the place has drawn in many inquiries. Russo said people have even called asking for specific flowers.

“There are people who want specific cottages because they’ve been coming to them [and] their grandparents came to them,” Russo said. “The opportunity to actually own an iconic piece of Truro history is so overwhelming for some of these people.”

Two of the cottages are already spoken for, according to Russo. He said he expects half will be gone within a week and plans to close all sales at the beginning of next year.

Here are more images of the iconic cottages:

An archive image of Days Cottages from the National Seashore Arhives. (Courtesy Joe Days)

An archive image of Days Cottages from the National Seashore Arhives. (Courtesy Joe Days)

There were nine cottages when the rentals opened in 1931. (Courtesy Joe Days)

There were nine cottages when the rentals opened in 1931. (Courtesy Joe Days)

Summer at Days Cottages. (Courtesy Joe Days)

Summer at Days Cottages. (Courtesy Joe Days)

 

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Provincetown Sale of The Week

 

160 Bradford Street #A is 3 bedroom, 4 bath new construction condo in the West End at the corners of West Vine Street, Bradford Street and Victors Restaurant – the crossroads of the West End.  It sold for $1.050m having been marketed for $899K. This sale certainly highlights the strong demand for high quality, well located condos in Provincetown.

 

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MLS COPY: Be the first to own this newly constructed home in Provincetown’s west end. Ideally located between town and the ocean beaches, this 3 bedroom/3.5 bath condominium offers views, superb finishes and quality construction. Open floor plan on the entry level with fireplace and dramatic tray ceilings delineating the kitchen, dining and living areas. There are 2 bedrooms on the 2nd floor, each with bathroom and views of the Bay. A spiral staircase leads from the 2nd level to the 130 square foot roof deck which has views in all directions from The Pilgrim Monument to and Race Point. The lower level is ideal for your guest suite with bath and media room. In addition to the roof deck there is also a large front deck on the entry level. There is off-street parking, central a/c, laundry, hardwood floors and many other fine finishes throughout!

See all available properties at Beachfront-Realty.com.

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East End Listing Of TheWeek

555 Commercial Street #D is an East End waterfront condo with 2 bedrooms 2 baths and 1,364 square feet.  It is being marketed for $1.495M

 

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MLS COPY: This impressive two-story waterfront townhouse offers breathtaking views from Truro to MacMillan Wharf and beyond. Located in the East End, this home offers an exclusive front brick patio surrounded by mature plantings perfect for summer grilling. The open floor plan promises unobstructed views of Cape Cod Bay whether you’re in the kitchen, dining area or relaxing in the living room by the wood burning fireplace. The current owner created an office on the first floor to telecommute and could easily be opened up to maximize the living space. A sliding glass door leads to a waterfront deck with stairs to the beach. There are two bedrooms on the second floor. The spacious master bedroom has ample closet space, wood burning stove, windows on three sides, and two sliding glass doors leading to a large balcony overlooking the bay.

 

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Review all available properties for sale on Beachfront-Realty.com.

 

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Provincetown Sales Of The Week

Three properties that sold in the last week are highlighted below. They provide a  great example of the diversity and breadth of properties available in Provincetown. A West End single family home with a pool, a pristine West End townhouse condo, and a more traditional contemporary single in the Shank Painter Province Landings apartments neighborhood.

89 Bayberry Avenue is a great resort like home with 4 bedrooms and 3 baths and 2,600 square.  It sold for $1.2M.

 

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This 4BR 3BA West End oasis with views,2FP, a htd. pool and hot tub, provides privacy, tranquility and a wonderful floorplan for all. The entry level of this exquisitly maintained contemporary cape has a large fireplaced living room, separate dining area and open kitchen all looking out to a large deck and beautifully landscaped grounds. In addition, there are two bedrooms and a full bath. The upper story is home to a remarkable master suite with a bedroom, second fireplaced living room and full bath with a large separate walk in shower. A second private deck is accessed from the suite. The first level has a bedroom, full bath and walks out to the fabulously landscaped back yard.

 

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46 Pleasant Street #A is a terrific West End condo that has everything! It sold for $525K.  It has 2 bedrooms and a 1 1/2 baths, along with a large den/family room  for entertainment or extra guests. This home has 1,070 square feet, and two great outdoor spaces, numerous upgrades, 2 parking spaces and a coveted location in the West End.

46 Pleasant St #A, $595K, 2/2, 1,080 sf.
46 Pleasant St #A, $595K, 2/2, 1,080 sf.

 

 

 

 

 

 

 

 

 

 

The open floor plan is great for entertaining and light and bright with windows on 3 sides. The kitchen is newly renovated with granite counters, white cabinets and hardwood floors.  There is a full laundry in the renovated half bath directly off the kitchen. The living room has a gas fireplace and there is a separate dining area in the sunny northeast corner of the house. There are two great outdoor spaces including a large private fenced in deck in the back  of there condo for grilling and dining. There is plenty of room for relaxing and dining on the front deck and on the patio/garden too – and just enough garden for satisfying a green thumb.

 

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12 Ships Way Extension Road a three bedroom 2 bath contemporary with 1,955 square feet recently sold for $627,500 having been marketed with an asking price of $659,900. This great single family house is located in a wonderful well established residential neighborhood behind Province Lands apartments and the Cumberland Farms plaza. It is a great example of a well priced solid single family home not seen to often here in town.

 

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MLS COPY: Sitting atop a level/gently sloping & beautifully landscaped yard, this updated & very well maintained 3-bedroom, 2-bath contemporary offers an abundance of open space, high ceilings & light. Main level entry is expansive with large tiled foyer area & vaulted ceiling with 2 skylights. This area extends into an open floor plan livingroom with gas fireplace, dining area with slider to deck and kitchen with breakfast bar, stainless appliances, granite countertops and hardwood flooring throughout. Full bath & den/office area complete the first level. Upstairs is a generously-sized master bedroom with walk-in closet, 2nd bedroom with walk-in closet a smaller 3rd bedroom & full bath with jacuzzi tub and shower. Central AC, ADT security system, full basement, spacious deck area off the diningroom surrounded by lovely gardens.

 

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Least Expensive Beachfront On Cape Cod

 

Great CurbedCapeCod.com post!

Cape Cod’s Least Expensive Beachfront Listings, August 2014

Friday, August 29, 2014, by Jazmine Donaldson

55pond.jpg
[Our favorite trap sheds! 55 Pond Road, Truro via Kinlin Grover Real Estate]

Trap sheds? Check. A working lighthouse? Check. Bungalows, cottages and McMansions? Triple check. ‘Tis the season for a virtual trip to the beach in search of single-family abodes in the sand that won’t break the bank, relatively speaking. Hence, here’s an updated map of Cape Cod’s least expensive beachfront listings, by town, with 15 sandy abodes asking $459,000 to $2,395,000

BOURNE
47 BUENA VISTA ROAD, POCASSET, MA 02559
WEBSITE
Cape Cod’s Least Expensive Beachfront Listings, Aug. ’14
BOURNE
Kicking off with a 4BR Pocasset beach house that comes with a waterside “quintessential lazy front porch” and bath/bunk house. First listed in March 2013 for $649K, the post-PriceChopper ask is now $549K.
47 BUENA VISTA ROAD, POCASSET, MA 02559
SANDWICH
The brokerbabble insists, “You will make many memories here.” So there’s that. The 3BR, 1.5BA beach house hit the market in March for $650K, but a mid-August slice brought the ask down to $599K.
49 FREEMAN AVENUE, SANDWICH, MA 02563
FALMOUTH
“True beachfront property!” This 6BR, 4.5BA 1918 shingle-style comes with “panoramic views from Washburn Island all the way to Falmouth Harbor and across to the Vineyard” and a gorgeous porch. Asking price is $1,850,000.
23 FOSTER ROAD, EAST FALMOUTH, MA 02536
MASHPEE
Located on Popponesset Beach, this 1,055 sq. ft. 2BA, 1BA was built in 1942. The beachy spread debuted on the market in May 2013 asking $1,500,000 and is now down to $1,100,000.
39 WILSONS GROVE, MASHPEE, MA 02649
BARNSTABLE
“Location, Location, Location!” This 3BR, 1BA sits in between Centerville’s Craigville and Covell’s beaches and comes with its own private deeded sand on Nantucket Sound. Yours for $1,150,000.
879 CRAIGVILLE BEACH ROAD, CENTERVILLE, MA 02632
YARMOUTH
First listed in April 2013 $2,499,000, this South Yarmouth 4BR, 3BA on Nantucket Sound is now hoping for $1,899,000. Per the excited brokerbabble, “What a Place to Call Home!!!!!!!!!”
14 JUDAN WAY, SOUTH YARMOUTH, MA 02664
DENNIS
Built in 1940, this 3BR, 1BA on Nantucket Sound has views from Great Island to Monomoy and is described in the listing as a “developer’s dream.” After hitting the market in May for $1,033,000, the ask is now down to $989,000.
4 LONGELL ROAD, DENNIS PORT, MA 02639
HARWICH
The PriceChopper Hall of Fame nominee of the day goes to this West Harwich 3BR, 3BA that’s been bouncing around the market since 2009 when it was looking for $3.3M. As of this writing, the 2,331-square-footer with its own white sandy beach on Nantucket Sound can be had for $2,395,000.
55 SHORE ROAD, WEST HARWICH, MA 02671
CHATHAM
Available for the first time in 30 years, this South Chatham beachfront cottage with an “established rental history” is asking $1,900,000. The 2BR, 1.5BA features “sweeping elevated water views over Nantucket Sound out to Monomoy National Wildlife Refuge!”
19 FOREST BLUFF ROAD, CHATHAM, MA 02659
BREWSTER
This Brewster Dunes year-round co-op features a working lighthouse – really. The 2BD, 2BA comes with its own private beach and is asking a rather odd $885,999.
OCEAN SAINT EXTENSION, BREWSTER, MA 02631
ORLEANS
Built in 1955, this contemporary beachfront home features 4BD, 2BA. With “stunning views of Nauset beach,” the property “has a successful rental history exceeding $50,000 in rental income for July & August for 2013.” Asking price is $1,499,000.
49 ASPINET ROAD, EASTHAM, MA 02642
EASTHAM
This adorable beachfront bungalow was built in 1948 and comes with private steps to Cape Cod Bay. The 3BD, 1BA 768 square footer first hit the market in 2011 for $1,300,000 and is now asking $799,000 – no doubt something to do with the need for a “stone revetment.”
15 SUNSET LANE, EASTHAM, MA 02642
WELLFLEET
“Living on the edge!” This 4BD, 3BA sits 80′ above sea level on Sunrise Dune in the Cape Cod National Seashore. The 2,500-square- footer overlooking the Atlantic Ocean hit the market in May 2013 for $1,250,000. Three pricechops have brought the ask down to $995,000.
780 OCEAN VIEW DRIVE, CAPE COD, WELLFLEET, MA 02667
TRURO
Why doesn’t anyone want these trap sheds on the beach? Once asking $575,000, the beachfront 1BD cottage and twin studio have been pricechopped a couple of times and are now asking $459,000.
55 POND ROAD, TRURO, MA 02642
PROVINCETOWN
The current owners purchased this bayfront building back in 1963 for $16,000. Fast forward to today and the circa 1860 seasonal two-family is on the market for $1,500,000. That’s a potential 9,275% jump in value for a fixer-upper “in the flood zone.”
509 Commercial Street