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Provincetown Listing Of The Week – 124 Commercial Street

124 Commercial Street just came on the market.  It is familiar to you as it is right across from the coast gaurd station on the corner of Whorfs Court.  It is a two unit house with 2,259 square feet and is being marketed for $1,899M.

 

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MLS COPY: Spectacular, newly renovated designer quality two family home! Distinctive for its chrome yellow double door front entry and white picket fence, the house sits at the corner of Commercial Street and Whorf’s Court, across from the Coast Guard parking lot. This 1830s antique has a two level owners unit with a first floor den, guest bedroom and guest bath, an upstairs master bedroom(king)and master bath, an extravagantly outfitted kitchen, large dining area and dramatic vaulted living room with fireplace and unobstructed water views. A bluestone patio at the front entry offers terrific people watching. Unit 2 on the first level is a handsome 2 bedroom 2 bath that is just as beautiful and produces generous rental income.

 

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See all available properties at Beachfront-Realty.com.

Listing courtesy of Raveis Real Estate.

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Provincetown Listing Of The Week – Beachside Studio – 45 Commercial Street #14

45 Commercial Street #14 is a beautifully updated waterfront studio in the West End. It has 300 square feet and is being marketed for $349K. A wonderful opportunity to own a beachside condo!

 

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MLS COPY: Perfect West End Waterfront studio. Beautifully renovated 2nd floor condo with partial water views from the deck and corner window. Nicely updated granite kitchen and a tile bath compliment the open floor plan. Light filled with 3 exposures and large sleeping alcove. New mini split AC/heat. Huge common deck right on the water with beach access. Perfect weekend getaway or a great rental property. Association permits pet for owners, weekly rentals allowed. Common laundry! Well managed association. Off-site parking.

 

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Studio’s are a popular real estate category in Provincetown. They afford buyers at an entry level price point to buy on or much nearer the water than they would otherwise be able to do. Studios that are further from the water are even more affordable.

There are currently 8 studios on the market priced from $264K to $445K, and from 194 square feet to 450 square feet.

See all available properties at Beachfront-Realty.com. 

 

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Provincetown Sale Of The Week – 26 Alden Street #1

26 Alden Street #1 was the first condo to close at the 26 Alden Street Condominiums at the Grace Gouveia Building. This is a 2 bedroom 2 bath 1,029 sf flat with an exclusive use yard and parking. It sold for $669K.

 

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MLS COPT:  New total renovation. Private entry into this two bedroom/two bath first floor corner flat offering three exposures, 1020 sq ft of thoughtfully designed living space with modern linear Loft Series gas fireplace, Jenn Air stainless steel appliances, white gloss kitchen cabinets and quartz counters, 5 wide plank wood floors, separate dining area, tile baths with Grohe fixtures, air conditioning, private mahogany deck, one parking space and additional storage outside of the unit. Weekly rentals and pets for owners allowed. (rendering of #9)

 

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There is only one condo remaining of six originally available.  #9 is a two bedroom, two and 1/2 bath townhouse with 1,253 square feet and is being marketed at $729,000. (rendering above of unit #9)

See all available properties at Beachfront-Realty.com

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general info trends

Where Americans Are Moving

Interesting graphic by the good folks at Keeping Current Matters. Massachusetts still has “high outbound”! Hard to believe…but it could be because it is going to be -2 degrees this weekend? 🙁

Where Are Americans Moving? [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • For the 4th year in a row the Northeast saw a concentration of High Outbound activity.
  • Oregon held on to the top stop of High Inbound states for the 3rd year in a row.
  • Much of this Outbound activity can be attributed to Boomers relocating to warmer climates after retiring.
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analytics general info

The 20 Hottest Markets In US

A good review of the hottest real estate markets – by Brena at Housing Wire.

Here are the 20 hottest housing markets

San Francisco keeps top spot

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As 2016 begins, the residential market is going through its typical seasonal slowdown.

But despite the winter cool down, these markets are still shining through as the 20 hottest markets in the nation, with San Francisco once again landing the title of the hottest housing market in America, the latest report fromrealtor.com said.

However, while supply is moving slowly, it is still faster than last year, with days on the market is down 7% y/y.

On a similar note, the report found that the median list price in December is also down slightly from November. While this is consistent with the season, the decline is not as dramatic with prices stronger than usual in December.

Here are the 20 hottest housing markets in December

20. Midland, Texas

19. Fort Wayne, Indiana

18. Tampa-St. Petersburg-Clearwater, Florida

17. Boulder, Colorado

16. Detroit-Warren-Dearborn, Michigan

Mich

15. Modesto, California

14. Palm Bay-Melbourne-Titusville, Florida

13. Nashville-Davidson-Murfreesboro-Franklin, Tennessee

Tenn

12. Oxnard-Thousand Oaks-Ventura, California

11. Los Angeles-Long Beach-Anaheim, California

10. Stockton-Lodi, California

9. Yuba City, California

8. Santa Rosa, California

7. Denver-Aurora-Lakewood, Colorado

Colorado

6. San Diego-Carlsbad, California

5. Sacramento-Roseville-Arden-Arcade, California

4. Dallas-Fort Worth-Arlington, Texas

Dallas Roads

3. Vallejo-Fairfield, California

2. San Jose-Sunnyvale-Santa Clara, California

1. San Francisco-Oakland-Hayward, California

Bridge

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architecture general info

Provincetown Sale Of The Week – 76 Commercial Street

Historic home in the West End.

76 Commercial Street #3, one of the most intriguing properties in the West End sold for $1.512M. It is a two bedroom, 1 bath condo with 1,737 sf. Asking price was $1.750M

 

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MLS COPY: Acclaimed artist Hans Hofmann used this space for his school of art and studio from 1945-66. Carefully restored, this unique home is adaptable to all lifestyles. With original flooring and ship-timber constructed gallery framing the hearth, this 19′ high space is illuminated by an 11’X14′ studio window. A galley kitchen opens to the living area with a breakfast nook of large windows that open to create a summer porch. There are two bedrooms; one fashioned from a porch is bathed in morning light, the other more spacious and contemporary. Overlooking the studio is a loft and gallery, serves as an office and accommodates a daybed. Throughout the Studio there are reminders of its history including Hofmann’s signature upon the door to his office, easel and paint pallet. Enjoy this unique home and its well sought after West End location.

 

See all available properties at Beachfront-Realty.com.

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analytics general info

Five Year Projection For Home Price Appreciation

 

I am always impressed with the KCM Crew.  (Keeping Current Matters) They are excellent at distilling big data points into understandable and accessible information.

 

Home Prices: Where Are They Headed Over The Next 5 Years?

Home Prices: Where Are They Headed Over The Next 5 Years? | Keeping Current Matters

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 3.9% by the end of 2015, 3.4% in 2016 and 3.1% in each of the following four years (as shown below). That means the average annual appreciation will be 3.2% over the next 5 years.

Projected Mean Appreciation | Keeping Current Matters

The prediction for cumulative appreciation rose from 18.1% to 21.6% by 2020. Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 13.8%.

Cumulative House Appreciation | Keeping Current Matters

Bottom Line

Individual opinions make headlines. We believe the survey is a fairer depiction of future values.

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analytics general info

The Goode And Farmer Report – January 2016

The Goode And Farmer Report – January 2016

 

Happy New Year to everyone that we didn’t have the pleasure of seeing over the New Year Holiday. The “First Light” weekend was very busy with a Fourth of July-like fireworks display and tons of other New Years events. It was a huge success.

What a year 2015 was! The economy was in relatively fine shape, but the stock market was flat. Politics were crazy but consumer confidence was high.  Nationally many real estate markets did well while others languished at recession lows. Thankfully our Outer Cape real estate market has been consistently strong year to year with Provincetown leading the way once again!

We are excited to provide the Goode and Farmer Report for Q4 of 2015. Hopefully it will be an interesting read for you. Please don’t hesitate to call if you have any questions.

 

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Cape Cod’s 15 Least Expensive Waterfront Homes

Another great curbed comparison by Jazmine. Affordable waterfront living!

 

Cape Cod’s Least Expensive Waterfront Homes,

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‘Tis the season for daydreaming about the summer. Here are Cape Cod’s least expensive waterfront single-family listings, one for each of Barnstable’s 15 towns, with asking prices between $199,900 and $1,200,000.

Cape Cod’s Least Pricey Waterfront Pads
BOURNE
Kicking off on Little Buttermilk Bay, here’s a 3BR, 1BA offered for the first time since it was built in 1976. First listed in July for $499,900, the ask is now down to $449,000.
FORESTDALE
“Classic lakefront cottage with 100 feet of private waterfront on Peter’s Pond – swimming, boating, fishing – all yours to enjoy!” The 3BR, 2BA sits on .83 acres and is asking $349K.
EAST FALMOUTH
“Tiny House Nation Cape Cod Style” sits on .31 acres on Jenkins Pond. The 464sf one-bedroom, one-bath has a “history of summer/winter rentals” and is asking $235K.
MASHPEE
This cozy cottage overlooks Cataquin Pond and features access to a beach on John’s Pond. The 546sf two-bedroom, one-bath was built in 1950 and is yours for $199,900.
CENTERVILLE
Meet a “real old cottage directly on Lake Wequaquet with deck and seasonal dock.” Asking price for the 624sf two-bedroom with a half-bath and outdoor shower is $395,000.
SOUTH YARMOUTH
“Beautiful views of James Pond” from this four-bedroom four-bath on .21 acres. The nine room house was built in 1962 and is asking $349,900.
EAST DENNIS
Located on Southern Simmons Pond, this 3BR, 2.5BA Colonial sits on 1.5 acres with “a peek of the pond through the tree canopy!” The 2,104sf house hit the market in July asking $475K but five slices have brought the ask to $450K.
BREWSTER
This 3BR, 2.5BA comes with 400ft of frontage on Walker’s Pond. The .85 acre spread has been bouncing around the market since 2008 when it was asking $875K. An October chop brought the ask down to $559K and earlier this month, the listing finally went into contract.
HARWICH VILLAGE
“Live at the water’s edge on beautiful Sand Lake in this expanded Cape with 3 bedrooms and 2 baths.” The .28 acre spread includes flower and veggie gardens, a waterfront deck, balcony, and garage. Asking price is $359K.
CHATHAM
Behold, an eco-friendly Contemporary on Emery Pond. The 2BR, 2BA has a dock, multiple decks, a bonus room in the loft, and a “brick patio with mature Japanese Garden with Koi pond and stone walls.” The .4 acre spread last changed hands in March 2014 for $365K and flipped back onto the market five months later asking $615K. Five chops later, the pond pad is hoping for $549K.
ORLEANS
Set on .6 acres overlooking Cedar Pond, this two-bedroom features a wrap-around deck, a two-car garage, and a fireplace. Asking price is $349K.
EASTHAM
Here’s an “adorable two bedroom bungalow on over an acre of land abutting conservation and your own pond. Built in 1963, the Homepath property, aka foreclosure, listed in June for $329,900 and is now hoping for $289,900.
WELLFLEET
“Location-location-location! Rich with history and charm, this centrally-located antique has the best views of Duck Creek in town. Originally the *Customs House* where boats documented their goods, it is currently used as a gallery and private residence.” Asking price is $895K.
TRURO
“Part of Truro’s history! This ocean front compound on 3.3 acres in the National Seashore was built in 1892 and has been owned by the same family since.” The property has been searching for a buyer since 2010 when it listed for $2.5 million. In June, the ask was down to $1.2 million and it seems that 127 South Pamet Road has finally found a buyer.
PROVINCETOWN
Finally, to PTown. This Contemporary Cape on Shank Painter Pond features a lower level master suite, top floor guest suite, and a main level with a fireplace, tricked-out kitchen, and an office alcove with a view. Yours for $879K.
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architecture general info style

Provincetown Trophy Sale of The Week – 23 Commercial Street $3.2M

23-25 1/2 Commercial Street is one of those special West End waterfront homes. With an oversized lot, a large swimming pool and multiple decks it is one of the most coveted waterfront properties in Provincetown.  It has 3 bedrooms and 4 bathrooms, and 2,758 square feet. It was listed t $3.499M and sold for $3.2M.

 

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MLS COPY: Waterfront Home in Far West End..this 2758 sf, 3 bedroom, 31/2 bath single family home has been lived in and loved by the same family for 30 years. It has been the source of many wonderful memories of fun-filled times in Provincetown. This fabulous home has breathtaking views from every room…perfect for watching the sun come up and set every day. Imagine yourself relaxing and basking in the sun by the heated pool during the day or taking long walks on the beach most anytime you choose. This is truly a unique property which is sure to please anyone seeking a waterfront retreat in a very desirable location. Recent improvements include new roof, new shingles and new windows on the water side of this home. Gas heat, central A/C, private beach access, and ample parking. It doesn’t get much better than this!

 

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See all available properties at Beachfront-Realty.com