Tag: Cape Cod luxury sales

Categories
general info

Four Seasons – Big Prices!

WOW! Great post by Scott.

Coming Attractions: Big Apple Condo Prices

Posted by Scott Van Voorhis

Christian Science tower, rendering.jpg

Take a good look at the glimmering new condo and hotel skyscraper in this rendering.

This 58-story spire, slated to take shape next to the Christian Science Plaza in the Back Bay, is one of a trio of new towers poised to bring New York condo prices to the Hub.

The new $700 million Christian Science tower, recently approved by Boston City Hall, will feature the Four Seasons brand, with 180 super-luxury condos on the top forty floors. Construction is expected to kick off next year, with a planned 2017 opening.

The new Millennium Tower in Downtown Crossing, now under construction, will hit 56 stories.

And Don Chiofaro’s proposed new harborside tower complex would top out at 55 stories, crowned by 120 multimillion-dollar units.

There’s talk of these new skyline-topping condos fetching $4,000 or even $5,000 a square foot.

That’s double or more what the most expensive condos are selling for right now in Boston, with a penthouse at the Mandarin Oriental holding the record after fetching more than $13 million a few years ago.

Double that number and you get an idea of what the future may hold for Boston’s already crazy condo market – penthouses overlooking vast stretches of Eastern Massachusetts selling for $25 million and up.

OK, let’s not get ahead of ourselves here.

Kevin Ahearn, chief executive of Otis & Ahearn, a top Boston luxury condo marketing and brokerage firm, says we will just have to wait and see how prices shake out.

Still, these super-luxury condos atop Boston’s bejeweled skyline will be in a league of their own.

“These new towers will offer five-star living and drop dead views,” Ahearn says. “It’s alpha luxury and it will create a new category.”

The new skyscrapers biggest draw, besides sheer luxury, will be their height. While 58-story towers are no big deal by New York standards, they are a very big deal in the Hub.

The tallest condo towers in Boston currently max out after 40 or so stories. Not bad, but still shrimps by Big Apple standards.

 

Categories
general info

What A Deal – Listing Of The Week

 

43 Race Point Road is a great newer contruction entry level condo right across Rte 6 on Race Point Road in the Garden Renovations/Yoga studio complex.  It is a 370 sf 1 bedroom condo being marketed at $189K. This condo is a super opportunity for either year round living or investment.

 

43 RPR 1

 

 

 

 

 

 

 

 

MLS COPY: Affordable year round one bedroom condo located on Race Point Rd, just across Route 6 and about 1 mile form the center of Provincetown. Recent new construction with efficient LP gas hot water heat. Laundry in unit. Deeded parking. Weekly rentals are allowed and this was rented for $1,000./per week in 2014.

 

 

21407676_06

43 RPR 5

21407676_07

43 RPR 4

 

 

 

 

 

 

Categories
general info

New Listing Of The Week

28 Nickerson St is a gorgeous newer construction single family house in the West End. It has 3 bedrooms and 3 baths with 1,705 sf and is being marketed for $1.459M.

 

28 Nickerson 1

 

 

 

 

 

 

 

 

MLS COPY: West End 2013 New Construction designed with careful attention to detail, built by Cape Associates, Inc. This beautiful 3 bedroom, 3 bath home has a HERS 5+Star rating for energy efficiency, 3 zone heating and cooling, propane on demand hot water, generator and surge protection. Exterior features include professional landscaping and irrigation system, 2 car cobblestone driveway and paths, low maintenance Azek trim and Ipe hardwood decking, dipped cedar shingles, enclosed outdoor shower. Interior features include Anderson windows, red birch flooring and high end finishes including Wolf dual fuel range, Subzero refrigeration, Miele dishwasher, Waterworks and Kallista kitchen, wet bar, bath fixtures and a full basement. A perfect home for entertaining complete with screened-in porch and sun deck off master bedroom.

 

28 Nickerson 2

28 Nickerson 3

28 Nickerson 4_21

28 Nickerson 5

 

 

 

 

 

 

This wonderful home is in the West End north of Bradford Street in the charming neighborhood bordered by Franklin Street and West Vine Street.

 

 

 

Categories
general info

Dream House Listing Of The Week – Provincetown

9 Creek Round Hill Road is a 6,100 square foot 4 bedroom 4 bath home perched above the Moors on Creek Round Hill Road. It is being marketed for $3.150M.

 

creek 4

 

 

 

 

 

 

 

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.

 

Creek 1

Creek 3

creek 2

creek 5

 

 

 

 

 

 

Certainly the jewel of Creek Round Hill Road, this home has been renovated beautifully and provides the best in Provincetown living.

Categories
general info

S&P Case Shiller Composite: Prices Up 9.3%

Growth continues to cool

20-city index shows yearly price growth dropped to single digits in May

Teke WigginStaff Writer INMAN NEWS

Yearly growth in U.S. home prices continued to slow in May, but still remained well above average.

The S&P/Case Shiller 20-City Composite Index showed prices rising 9.3 percent year over year in May, down from 10.8 percent in April. Annual price gains slowed in May for all cities tracked by the index besides Charlotte and Tampa.

Source: S&P Dow Jones Indices and CoreLogic
Source: S&P Dow Jones Indices and CoreLogic
Still, prices climbed 1.1 percent month over month in May, with all 20 cities posting monthly increases for the second straight month.

Tampa registered the highest monthly price gain (1.8 percent), followed by San Francisco (1.6 percent) and Chicago (1.5 percent). Phoenix and San Diego were the only cities to show monthly increases of less than 1 percent in May, with gains of 0.4 percent and 0.5 percent, respectively.

The picture changes when adjusting for seasonal factors.

After factoring in the spring’s typical influence on home prices, prices decreased 0.3 percent month over month in May, with only six out of 20 cities showing gains.

 

Home to seven of the top eight cities showing the most annual price growth, the Sun Belt continued to lead price gains.

Despite seeing their annual price growth decrease by 2 to 3 percentage points, Las Vegas (16.9 percent) and San Francisco (15.4 percent) still posted the largest annual price increases.

The other cities that showed double-digit annual gains were: Miami (13.2 percent), San Diego (12.4 percent), Los Angeles (12.3 percent), Detroit (11.9 percent), Atlanta (11.2 percent), Tampa (10.2 percent) and Portland (10 percent).

Expanding home inventory has helped cool home prices in recent months. Economists generally view the trend as favorable because it will keep prices from rising too quickly, which hurts affordability and reduces buyers’ options.

Categories
general info

3 Bedrooms And Beach In The East End – 480 Commercial Street

480 Commercial Street #2 is a terrific East End home – set back from the street in the Gallery district this three bedroom 2 bath 1,225 square foot condo is a very comfortable year round home, vacation home or with its incredible rental history a solid investment property. It is being marketed for $680,000.

 

480C front garden

 

 

 

 

 

 

 

Located in the heart of the Gallery District yet set back from the street, this meticulously maintained top floor condominium offers water views from the charming bay front window, three good sized bedrooms, two full baths and a dramatic vaulted and beamed ceiling in the living area. This antique home is close to the vibrant downtown, yet offers the peaceful allure of the East End. There is an exclusive use deck along with a common oversized front porch that overlooks the lush, manicured gardens. There is parking for two cars plus guest parking on a large lot and deeded beach rights directly across the street. With in unit washer/dryer, additional storage in the basement and a proven rental history ($30K+)this wonderful property is a comfortable and roomy vacation home or incredible investment property.

 

IMG_1229

480C living

IMG_1239

480C kitchen

 

 

 

 

 

 

One of the many benefits of this property is the deeded beach path to the beautiful bay beach right across the street from the condo.  What a pleasure to be able to walk a few steps to and be on a semi private East End beach. Pictured below is the driveway with direct access from the parking area (2 spaces for the condo) to the private deck and into the condo. The pockier of the front yard was taken from the bay window.  It is a very special condo with amenities galore – and it is my favorite listing of the week!

 

IMG_1247

IMG_1256

IMG_1255

IMG_1241

 

 

 

 

 

 

Give a call with any questions.

 

Categories
general info

Unique Cape Cod Listings – CurbedCapeCod

CurbedCapeCod’s a fun post includes one Provincetown artists studio –

10 Unique Cape & Islands’ Listings 

 

by Jazmine Donaldson

It’s time once again for Curbed Comparisons, where we break down what you can get at the same price point, style or size in various Cape and Islands neighborhoods. This week, the most unique listings we could find.

uniquemay.jpg

What do Julia Roberts, a Broadway producer, wildlife galore, and Sigmund Freud all have in common? They’re all mentioned in Cape and Islands’ listings, of course. Behold, a special edition of Curbed Comparisons featuring 10 of the most unique listings from Cape Cod, Martha’s Vineyard and Nantucket.

DOCKUMINIUM
Kicking off at Kingman Yacht Center with a Dockominium lease for 99 years (began in 1989). “The slip will house a vessel up to 40 feet in length and 14 feet wide” and is yours for $135,000.
1 SHIPYARD LANE, POCASSET, MA 02559
JULIA ROBERTS
Per the brokerbabble, “Julia Roberts stayed in this guest house.” The folks over at The Real Cape were unimpressed, but if you are and you’ve got $2.7 million, ocean views and a celebrity connection await.
16 MASSACHUSETTS COURT, FALMOUTH, MA 02540
AIRPARK ABODE
Located in Falmouth Airpark, here’s a 4BR, 3.5BA with its very own hangar featuring “direct access to the end of the runway and… enough room for cars, a small boat, motorcycles and an airplane.” Asking price is $836,000.
49 QUIMBY LANE, EAST FALMOUTH, MA 02536
PLAYBILL: NEW SEABURY
The house itself is a typical 1972 Contemporary, but “multiple living areas and decks once hosted elegant parties thrown by the previous owner a renown Broadway producer.” Perhaps that’s who left the piano behind? Regardless, the New Seabury spread is yours for $375,000.
197 FELLS POND ROAD, MASHPEE, MA 02649
FREUD +/- CROQUET
When we first wrote about this dreamy Colonial back in October, the listing was claiming a Sigmund Freud connection, but no longer. Per the current brokerbabble, “it is recorded that the first game of croquet in America was played on this lawn.” Either way, some sort of bragging rights are yours for $839,000.
86 PUTNAM AVENUE, COTUIT, MA 02635
CAMP RETREAT
“Calling all artists, writers, hunters and those with the desire for solitude,” your 2.5 acre camp retreat on the Great Marsh awaits. It’s “wildlife galore” for $125,000.
311 NAVIGATION ROAD, WEST BARNSTABLE, MA 02668
ARTIST STUDIO
Here’s a 334-square-foot year-round artist studio in the West End with parking. Asking price is $129,900.
19 MEADOW ROAD, PROVINCETOWN, MA 02657
LEGAL EAGLE
Calling all wonkish legal historians, “This dramatic retreat has been the long-time summer sanctuary of the former U.S. Attorney General Nicholas Katzenbach.” Yup, and it’s yours for $3.5 million.
THUMB POINT ROAD, VINEYARD HAVEN, MA 02568
HANGAR H-7
“Hangar #H-7 is the second largest private hangar at the Martha’s Vineyard Airport. It currently garages a Cessna Citation Jet C-525.” The hangar, minus the jet, is asking $175,000.
MARTHA’S VINEYARD AIRPORT (MVY), 71 AIRPORT ROAD, WEST TISBURY, MA 02568
CANDLE FACTORY
“This building is believed to have once been a candle factory” and is now a 3BD single-family on the market for $1,195,000.
1 HIGH STREET, NANTUCKET, MA 02554
Categories
general info

Listing Of The Week

51 Harry Kemp Way #1. This is a 3 bedroom and 2 bath townhouse condominium in the Harry Kemp/Outer Cape Health neighborhood. It has a terrific homey feel and good flow, with a wide open bright and airy first floor plan which is great for entertaining. And look at the farmers porch and the huge front yard. Two bedrooms are on the second floor and a third bedroom, den is on the entire third floor. This property is being marketed for $625K.

 

51 HKW 1

 

 

 

 

 

 

 

 

MLS Copy: Gardener’s delight. Three spacious floors of living lend this townhouse condominium the feel of a single family home. From the ample farmer’s porch you enter an open-plan living room, kitchen and dining area with hardwood floors throughout and a gas log fireplace. A full bath, newly upgraded, completes this floor. The second floor has two bedrooms and a second full, newly tiled bath. The third floor bedroom can also serve as den or home office. Beautifully maintained, the home also has superlative outdoor space: three decks,and a huge beautifully landscaped yard. Amenities include a basement, a garage, a laundry and central air conditioning, and parking for 3 cars. All 5-10 minutes’ walk from shopping, restaurants, galleries and the harbor. Weekly rentals and pets allowed.

 

51 HKW 3

51 HKW 2

51 HKW 4

51 HKW 5

 

 

 

 

 

 

51 Harry Kemp Way #1, a great townhouse value.

Categories
general info

10 Most “Out Of Touch” Housing Markets

On the face of it this headline is dramatic, but all it refers to is the conforming loan limits throughout the U.S and their relationship to local market conditions. A very interesting perspective from Housing Wire and Trulia.

Trulia: 10 most out-of-touch housing markets

The vast divide in conforming loan limits and reality

April 28

As the whispers of housing reform start to grow into greater fruition, the topic of conforming loan limits is brought up as well.

In his latest blog, Jed Kolko, chief economist with Trulia, noted that the current system of conforming loan limits falls far short of reflecting the actual differences in local home prices and ends up favoring borrowers in lower-cost markets.

“The housing finance system – as well as other national housing policies – needs to serve a country where local home prices in some markets are 10 times as high as in others, and where local and state laws affect how much new construction is allowed, how long foreclosures take, and more,” Kolko said.

In the current system, the conforming system sits at $417,000. However, in 2008, the Housing and Economic Recovery Act granted “high cost area” higher conforming loans limits to reflect local price differences.

But as housing regulators markup the Johnson-Crapo housing finance reform bill on Tuesday, April 29, 2014, Kolko pointed just how the conforming loan limits fall short.

Using Trulia’s database of homes for sale, Kolko listed the top 10 housing markets with the highest share of for-sale homes above the local loan limit, showing just how out of touch conforming loan limits are.  

10. Boston, Mass.

Currently,  $470,350 is the conforming loan limit, while 30% of homes for sale are above the local loan limit.

Massachusetts

9. Oakland, Calif.

Right now 30% of homes for sale are above the local loan limit, with the conforming loan limit sitting at $625,500.

8. New York, N.Y.

The conforming loan limit sits at $625,500 for New York, with 30% of homes for sale above the local loan limit.

NYC

7. Middlesex County, Mass.

The city’s conforming loan limit weighs in at $470,350, with 33% of homes for sale above the local loan limit.

6. San Diego, Calif.

So far, the city’s conforming loan limit is  $546,250, with 33% of the homes for sale above the local loan limit.

5. Ventura County, Calif.

The conforming loan limited is $598,000, with 34% of the homes for sale above the local loan limit.

4. Orange County, Calif.

Orange County has a conforming loan limit of $625,500, with 38% of the homes for sale above the local loan limit.

3. Fairfield County, Calif.  

In Fairfield County, the conforming loan limit is $601,450, and 39% of homes for sale are above the local loan limit.

2. San Jose, Calif.

This city posted a $625,500 conforming loan limit, with 43% of the homes for sale above the local loan limit.

Bridge

1. San Francisco, Calif.

San Francisco posted that its conforming loan limit sits at $625,500. With a whopping 61% of the homes for sale above the local loan limit, it is the nation’s most out-of-touch housing market.

 

Brena Swanson joined the HousingWire news team in February 2013. Prior to serving HW in the role as Reporter and Content Specialist, Brena attended Evangel University in Springfield, MO.
Categories
general info

Sold In March In Provincetown

March was a challenge weather wise, but regardless of blizzards and cold weather the market was active.  I have highlighted a few of my favorite properties that sold in March. As you will see in The Goode and Farmer Report for the first quarter which will be out soon, sales of condos were very strong and average prices were up too. Even with the weather problems…commerce continued – a sure sign that buyer demand remains strong.

22 Pearl St #3 was one of our favorite condos to show.  It was a fun combination of funky Provincetown charm, great space, and a superb location. It is a 2 bedroom 1 bath condo with 877 square feet and sold for n$426K.

 

22 Pearl 2

22 Pearl 1

22 Pearl 4

22 Pearl 3

 

 

 

 

 

MLS COPY: Great location in this sunny top floor 2 bedroom just steps to Commercial Street, located on a quaint street near the center of town. Enjoy the exclusive large exclusive deck and roomy living room with an open floor plan into kitchen area. Lots of old mixed with a contemporary flair. The large master bedroom features antique wide pine plank floors, half barrel ceiling and an interesting alcove within the bedroom. Upgrades include plumbing and electrical systems and the attic area in this condo has been recently insulated. One parking space, Weekly rentals permitted and pets for owners allowed.

 

38 Franklin St #2 was another great condo with a big private deck atop Franklin Street.  It is a 1 bedroom 1 bath condo with 600 square feet and sold for $399K.

 

38 Franklin 1

38 Franklin 3

38 Franklin 4

38 Franklin 2

 

 

 

 

 

MLS COPY: This bright and airy, top floor, 1BD, 1BA condo is part of a small association, conveniently located in the West End and minutes to Commercial St. The recently upgraded kitchen is part of the open concept kitchen, living, and dining area. Sliders lead from the living area to the large and exclusive westerly facing deck – perfect for viewing sunsets! A large bedroom and bath with walk-in shower and additional storage complete this well maintained, move-in ready home. Hardwood and tile floors throughout. Shared laundry facilities and storage are provided in the common basement. Oil heat, hot water, water and ongoing sewer costs included in the low monthly association fee. Parking.

 

1 Railroad Ave was another favorite as it was the most inexpensive single family house on the market for a long time. It has 1 bedroom and 2 baths and 900 square feet.  It sold for $445K .

 

1 RR 41 Railroad Ave. 2/3, $469K1 Railroad 21 RR 3

MLS COPY: Charming centrally located single family home. Own a nicely renovated two level, one-bedroom, two-bath home conveniently located in the center of town for the price of a condominium! The top floor bright living area has expansive northern light windows, hardwood floors, a modern kitchen with an island, full bath with laundry, a loft den and deck. The entry level has a spacious foyer, an office area and a bedroom with bath en suite and sliders that open to the rear gardens and patio area. Oil heat, parking private yard!

 

4 West Vine Street, one of the great houses in the West End sold for $1.225M.  It is a two family home with 2,014 squatter feet.

 

4 West Vine 1

4 West Vine 2

4 West Vine 4

4 West Vine 3

 

 

 

 

 

MLS COPY: Rarely available West End home! This antique two-family is supremely located in the heart of the historic West End village, just steps to the beach. The 1st floor is beautifully renovated with gleaming pine floors, 2 amply sized bedrooms each with en-suite tiled bathrooms, granite counters, a large dining area, gas fireplace, and office nook. The unit is accessed from the front yard, with its lush lawn, surrounded by a white picket fence. Upstairs, the other apartment has a large living room with a view to the water past Captain Jack’s wharf, a formal dining room, kitchen, bedroom and bath. On site parking & lovely grounds round out this offering. Enjoy turnkey rental income from both units, convert the property to condos,or combine both units into a single family.