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Truro Listing Of The Week – 5 Blackfish Road – $519K

5 Blackfish Road is a classic Cape built in 1981.  It has three bedrooms and two baths in 1,582 square feet – all on  1.1 acre lot.  There is an attached two car garage. It is being marketed for $519,000.

 

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MLS REMARKS:  This traditional 1981 Cape offers a wonderful opportunity for the right buyer. With only one owner and all of its original charm, this 3BR/2BA home is currently empty and ready for your updates or full renovation. The 1,582 square feet property is located in beautiful Truro on the private and highly desirable Blackfish Road in the Gospel Path neighborhood. The large level lot – just over an acre – has a great mix of cleared and wooded areas. There is an attached two-car garage and a full basement. The main floor has an open living/dining room with hardwood floors and a large brick fireplace and hearth. Sliders open to a big wrap-around deck. The galley kitchen is open to the dining area. There is a first floor bedroom and bath as well as a good-size laundry room with additional storage. The garage, with an electric controlled opener, is accessed directly through the laundry room. Upstairs there are two equal-size bedrooms and a full bath.

 

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Provincetown Sale Of The Week – 664R Commercial Street #1 – $980K

664R Commercial Street #1 is a free standing condo in a three unit development high atop a hill in the East End. It is a two bedroom three bath condo with 1,560 square feet. It sold for $980K with a listing price of $1.059M.

 

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MLS Remarks: Panoramic water views. New construction single family Cape. East End hilltop setting with only two other homes. Reverse floor plan with living dining and kitchen on top. Open to a deck that runs the full width of the home. A gas fireplace, a half bath and a handy kitchen pantry complete the upper level. There are two master suites each with a full bath on the first floor. Both open to another large deck and there are good water views from this level as well. A large hall with an alcove for a home office and a laundry room complete this level. Full basement. Red oak hardwood floors throughout. White shaker cabinets in kitchen and bathrooms with granite counters. Subway tile showers. Central AC. Just about ready for occupancy.

 

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Provincetown $1M Plus! Three Of The Best

The million dollar plus market is the most talked about market segment in town. Why wouldn’t it be? We are lucky to have some of the most gorgeous and desirable real estate in the country. $1M + properties are spread throughout town in the East End, West End and of course on the waterfront. A walk with your summer guests out Commercial Street to the Red Inn on a lazy summer afternoon drives that point home – or a walk out through the gallery district to PAAM and and the far East End beyond.

Currently there are 25 properties on the market with asking prices over $1M,  consisting of 10  condos and 15 single family homes.

For context last year 34 properties sold over $1M. 29 single family homes and 5 condominiums. So far this year there have been 4 sales over $1M. Two condominiums and two single family homes.

Three of my favorites are featured below.

 

 

423 Commercial Street  #4 is a one of a kind waterfront home. It has one bedroom  and one bath all in 397 square feet. It is being marketed for $1.095M.

 

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MLS Remarks: You will find this enchanting, one bedroom cottage in the gallery district of Provincetown, set back from Commercial Street and sited directly on the beach. Completely renovated in 2015, amenities include wood floors, stone countertops and a split system A/C. An abundance of windows let the sun and salt-air breezes in. There is an exclusive use deck right on the beach in addition to a roof-deck. Parking for one car, on-site laundry and storage. Phenomenal rental income makes this a good investment or use it as your own personal retreat. Courtesy of Atlantic Bay Sotheby’s Int’l Real Estate.

 

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11 Pilgrim Heights Road  is a three bedroom, two bath single family home with 1,803 square feet. It is being marketed for $1.499M. Pilgrim Heights Road is in the far West End close to The Moors and Herring Cove Beach.

 

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MLS Remarks: West End contemporary perched high on hill with dune and bay views. It was built in 1983, had a major remodel in 1994 and it is time to do it again. The core of the house is a hexagon centered by a field stone chimney. Upside down floor plan with living and kitchen on top open to a large deck and views. Bump out additions were added to the lower level to enlarge the bedrooms. Master with ensuite. Two bedrooms and baths are on the lower level and both walk out to another large deck. Over sized garage with one stall plus work shop/studio. There is a third bedroom off of the main living area presently used as a home office.

 

 

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139 Commercial Street is a stunning three bedroom three and one half bathroom beachfront condo in the near West End. It is part of a five unit condo association and is being marketed for $2.995M.

 

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MLS Remarks: Rare, West End waterfront! This beautiful three bedroom, 3 1/2 bath, free-standing townhouse, is on the market for the first time. The living area is on the 2nd. floor providing wonderful harbor views. There are high ceilings, gorgeous floors, a gas fireplace & a bay side deck. The top floor bedrooms and bathroom all have cathedral ceilings with the master facing the bay. The first floor bedroom with bay view, has an ensuite bath. There is also a private patio and separate entrance. This home comes with one heated garage parking space and one outdoor space too. There is split-duct a/c through-out & gas heat. A staircase and boardwalk lead you over a protective dune to the beach. Condo. fee TBD. Each building is responsible only for its own maintenance. This property is NOT in a flood zone. Courtesy of Long Point Remax Real estate.

 

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Provincetown $750K to $1M. My Three Favorite Condos!

What’s available in the $750,000 to $1,000,000 range? There are currently only 18 on the market. Four condos have sold in this category year to date. There were 35 sales in 2017.

The condos below represent the wide variety in style, finish and location that exist in this category. They include a two bedroom two bath stand alone condo with a stellar rental history; a renovated condo that lives like a single family home; and a waterfront two bedroom two bath with a deck on the bay. It has historically been a very popular segment of the market.

 

3 Race Road #D is a two bedroom two bath stand alone condo in the West End. It has 838 square feet and is being marketed for $759K.

 

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MLS REMARKS: New windows, and new shingles on this two bedroom two bath freestanding condominium in the West End. Beautifully furnished and ready for the 2018 season. Thoughtfully designed throughout, this two level cottage packs a lot in the square footage with a great use of space. The first floor has an open floor plan with a well sized living room with a gas fireplace. There is a granite and stainless kitchen with a dining alcove. The charming guest bedroom has vaulted ceilings and plenty of closet space. The custom full bath has unique stone work, including travertine and river rock. The laundry center is on this floor. The second floor master bedroom suite has vaulted ceilings, a water closet and stone and marble shower with heated flooring. There are many design details like mahogany doors and frosted sliding glass panels.The large exclusive use deck extends the living area and is great for outdoor entertaining. There is one parking space and weekly rentals are permitted.

 

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73 Franklin Street #2 is a two bedroom two and 1/2 bath West End condo that lives like a single family home. This newly renovated condo has a dramatic reverse floor plan, two bedrooms and two and a half baths in 1,123 square feet. There are private outdoor spaces including a large deck and a patio and parking for two cars.

 

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MLS REMARKS: This completely renovated, two-bedroom, two-and-a half bath West End condominium lives like a single-family home. The reverse-floor plan offers great entertainment space and includes three exclusive-use outdoor areas. The open-plan living area has soaring ceilings, light-filled spaces, a gas fireplace, custom built-ins and red oak hardwood floors. There is a large private deck directly off the living/dining area. The cook’s kitchen has a large center island, granite counter tops and and stainless steel appliances. There is a full bath and laundry on this level. The first floor has an en-suite master bedroom with a custom tile bath, radiant heat and a large private, brick patio with direct access to two deeded parking spaces and an extra storage shed. Renovation includes a new gas furnace, and split-system A/C. Pets allowed for owners and rentals are permitted.

 

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501 Commercial Street #4A is a floor through unit on the west side of the building with incredible views of the harbor and downtown.  It has two bedrooms and two baths in 1,272 square feet and is being marketed or $985K.

 

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MLS Remarks: Stunning water views of Cape Cod Bay and the harbor from this corner upper floor-through condo located in the Historic Ice House. The elevator takes you to a spacious two bedroom, two bath condominium with a large living and dining room connecting to an open kitchen. The well insulated home features cork floors, ~8 ft. ceilings, central air and heating and lots of storage. Both of the large bedrooms offer roof top views of the East End Gallery district. One of the bedrooms has an en-suite bathroom. There are windows along the west side of the unit running from the kitchen to the double set of sliders leading to the deck overlooking the water. The condo includes in-unit w/d, additional hall storage and one assigned parking space.

 

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Provincetown Listing Of The Week – 394 Commercial Street #3 – $1.495M

394 Commercial Street #3 is a beautiful new development in the East End right by the shell parking lot in the East End.  It has two bedrooms, three baths and 1,318 sf. It is being marketed for $1.495M.

 

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MLS Remarks: New to the Market! Be the first to make memories in this new 2 story condo with amazing views of Provincetown Harbor. This 2 bedroom 2 1/2 bath home provides over 1300 square feet of spacious living on the top 2 levels of this elegant home. Features include beautiful hardwood floors, Mendota gas fireplace, custom tiled bathrooms and modern kitchen with high end appliances. This condo includes parking for one car and your very own private outdoor IPE deck. Currently under construction ready for summer 2018 occupancy. Buyer to assume outstanding sewer betterment. Owner is listing agent. Listing courtesy of Cove Real Estate. 

 

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Provincetown Sale Of The Week – 3 Point Street – $900K

3 Point Street is a four bedroom two bath single family home with 1,812 square feet.  It recently sold for $900K, one of the few singles to sell recently under $1M.

 

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MLS Remarks: West End-a rare opportunity to own a single family home with separate ”out building”,tucked away on quiet Point Street, a prime West End location. There are 4 bedrooms and 2 full baths. In the same family for 35 years, this spacious bungalow is ready for your custom updating! Two of the three upstairs bedrooms have modest peeks of the Bay, the main floor is comprised of a large kitchen /dining room, a full bathroom, a laundry room, a spacious living room, and master bedroom with ensuite bath. A large rear patio, tucked up against the woods of Telegraph Hill, has extensive, elegant stone work, and a cozy free standing outbuilding. Ample parking (4) The West End beach is just steps away. New furnace and dbl hulled oil tank just installed.

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Saturday Open Houses – 73 Franklin Street and 3 Race Road

 Saturday April 21, 12 – 1:30

73 Franklin Street #2, $885,000

73 Franklin St #2

73 Franklin Street #2, $885,000
This is a 2 bedroom 2.5 baths completely renovated semi detached condo. Wonderful outside spaces, dramatic reverse floor plan. New systems, A/C, 2 pkg spaces. Feels like a single family home!

Saturday April 21, 12 – 1:30

3 Race Road #D $789,000

 

 

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 This is a 2 bedroom 2 bath stand alone condo. Deck, pkg, new shingles and windows. Strong rental history, fully furnished.
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Provincetown – The Goode And Farmer Report – April 2018

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Provincetown- Listing Of The Week – 11 Pilgrim Heights Road – $1.499M

 

11 Pilgrim Heights Road  is a three bedroom, two bath single family home with 1,803 square feet.It is being marketed for $1.499M. Pilgrim Heights Road is in the far West End close to The Moors and Herring Cove Beach.

 

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MLS Remarks: West End contemporary perched high on hill with dune and bay views. It was built in 1983, had a major remodel in 1994 and it is time to do it again. The core of the house is a hexagon centered by a field stone chimney. Upside down floor plan with living and kitchen on top open to a large deck and views. Bump out additions were added to the lower level to enlarge the bedrooms. Master with ensuite. Two bedrooms and baths are on the lower level and both walk out to another large deck. Over sized garage with one stall plus work shop/studio. There is a third bedroom off of the main living area presently used as a home office.

 

 

 

 

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Provincetown 1st Quarter Results Preview

Early First Quarter Results – Will they determine the direction of the spring market?

It has been an interesting Q1 , with weather issues, political issues, and the continuing stubborn lack of inventory. There are only 40 condos on the market vs 67 last year at this time.

Despite these issues condominium sales are set to surpass last years first quarter sales by close to 30% – 30 sales vs 20 sales last year. This is a good sign of continuing strength in the market.  The average sale price is $507K and 60% of those sales were under $500K. This is a very popular price point and there were several really great properties that sold. Below are four examples.

 

SOLD $375K, studio, 329 sf
23 Winthrop St #1 – SOLD $375K, studio, 329 sf
SOLD $390K, 1/1, 330 sf
26 Pleasant St #3 – SOLD $390K, 1/1, 330 sf

 

 

 

 

 

 

 

 

 

163 Bradford #2 SOLD $397K, 1/1, 425 sf
163 Bradford #2 – SOLD $397K, 1/1, 425 sf
12 Commercial St #7, SOLD $480K, 1/1, 734 sf
12 Commercial St #7, SOLD $480K, 1/1, 734 sf

 

 

 

 

 

 

 

 

 

 

Single family home sales have been sluggish with only four selling so far this year. Last year a total of 12 had sold  in the first quarter. There are only 19 homes on the market vs 26 last year.

The economy remains strong even with the volatility in the stock market. Our outer Cape markets are feeling the same inventory pinch as markets nationwide – with absorption rates and prices increasing in both the condo and single family markets. Slightly higher interest rates should have little effect as rates have remained historically low.

Market performance will depend on new inventory entering the market coupled with buyer demand remaining strong. The complete Goode and Farmer Report will be out in early April. Look for it – and I will keep you updated throughout the spring market with new listings, current sales, and many other posts of interest.

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