Real Estate News from our charming town is pretty darn good. April was busy with 11 condominiums sold and 4 single family properties sold. Last year in April there were 12 condos sold and 1 single family sold, so we are certainly on a similar sales track to last year which ended up being the best year for real estate sales since 2008.
The average sale price for condos was $358K and the median price was $285K. The lowest sales price was $187K and the highest was $610K. One of the sweetest condominiums sold was 56 West Vine St a 3 bedroom 3.5 bath townhouse which sold for $565K. This condo is in the West Vine association Sea Grass. The condo was sold by Bill Farmer at Beachfront Realty and listed by Lincoln at Sothebys.
I think this condo sale is important, not just because it was sold by my team member Bill Farmer but the fact that it has 3 bedrooms and 3.5 baths, 1,481 square feet, sold for $565K… and is really beautiful. This property illustrates the great value that exists in Provincetown real estate. It is a great year round home, second home or investment vacation home. It is hard to find this kind of value and income potential anywhere else…and it’s Provincetown for God’s sake! What could be better?
The average sale price of single families sold in April was $704K and the median price was $622K. My favorite single family property that sold in April was 31 Pleasant St, a sweet and quintessential Cape with 3 + bedrooms and 2 baths. We live a few doors down and have watched the evolution of this property over the years. This home beautifully represents the “average” for the month of April having sold at $675K. It is charming!
We are headed into the Spring Summer season here in Provincetown which brings a plethora of opportunity in entertainment, outside fun… and in real estate. There are 138 condominiums currently being marketed at prices from $129K to $1.85M. There are 55 single family homes being marketed from $349K to $4.75M. The variety of properties for sale is incredible and is reflected well in the two properties illustrated above.
Next up will be a discussion on pending sales activity and a look at some of the exceptional properties currently being marketed in Provincetown.
