We saw a huge range of condo sales in Provincetown in 2019. Proving once again that even woth increasing prices esprecially in the condo category there still is a broad range of choices and price points for those buyers looking to buy in Provincetown.
Tied for the lowest sales price of 2019 was 49 Bradford Street #6, a one bedroom, one bath condo with 255 square feet. These units in the old Shamrock Motel are efficiency styled condos. It sold for $267K with a list price of $275K.
521 Commercial Street #1 is a one bedroom one and one half bath condo with 250 square feet. It is on the waterside of Commercial Street in the East End and also sold for $267K. It was listed at $269K.
The highest sales price for a condo was for 168 Bradford Street #1. It is a striking contemporary stand alone condominium with three bedrooms and three and one half baths with 2,676 square feet. It is part of the new West End neighborhood of homes. It sold for $1.775M with a listing price of $1.849M.
The condo market in Provincetown remains the hottest and most exciting market on the outer cape. There are currently 74 condos on the market. 14 are priced under $500K. There are 20 priced between $500K and $750K; 28 priced between $750K and $1M; and 12 priced above $1M.
The West Vine – Bradford Street neighborhood is home to several condo developments. The 55 and 57 West Vine Street condos are some of the most desirable. Nicely designed, well built, very rentable and experiencing solid appreciation – they represent this real estate category well.
57 West Vine #Cis a two bedroom three bath townhouse with 1,272 square feet. It is being marketed for $1,025M. It is one of two condos on the market in this condo complex.
MLS Remarks: You’ll luxuriate in your beautiful surroundings in this magnificently designed and decorated West End townhome with 4 floors of living space plus generously sized outdoor areas. Enter this end unit into the main living area, where entertaining and everyday life flow easily between the kitchen, dining and living areas, with the dramatic gas fireplace as the anchor for the space. Easily access the outdoors, either to the back patio or the front lounging area. On the 2nd floor, the master is large, with an attractive en-suite bath which boasts gorgeous tile work and a marble vanity. Also on this level, a half bath. On the top floor, the second bedroom suite features a built in bed alcove that accommodates a queen bed. A breezy deck is also accessible from this level. As a bonus, the lowest level is finished and designed accenting ship details, using ship lap and porthole features. You’ll also enjoy the ample storage. Outdoors, no expense was spared creating the wraparound exclusive use space where the 2 bluestone patios are connected by a boulder lined walkway. Pets are permitted for owners, weekly rentals allowed, and 2 parking spaces are deeded. Seasonal lease available. Listing courtesy of Atlantic Bay Sothebys Int’l Realty.
57 West Vine #Ais also on the market. It is a two bedroom 2 1/2 bath condo with 1,368 square feet. It is being marketed for $879K.
MLSRemarks: Welcome to your Provincetown west end retreat – convenient to the beach, the bay, bike trails and downtown. This end unit town home is well designed with an open concept entry level featuring a gas fireplace surrounded by custom built-in’s, a light filled living/dining area, richly stained wood floors, and a gleaming white kitchen that is both appealing to the eye and equipped to please the palate. The wolf range, built-in microwave, and Koehler farmhouse sink are beautifully integrated into the kitchen with its white subway tile, custom cabinetry, granite counters and center island. The two nicely sized bedrooms, each with their own full bath, are on separate levels providing extra privacy for you and your guests. The upper level bedroom has a skylight and deck to take in the surrounding views of pastures, west end townscape and sunsets. The lower level bonus area is a great media room, den, or home office and provides abundant extra storage space. Curl up with a book or host an al fresco dinner in the enclosed bricked patio area off the rear of the home. Professionally landscaped grounds surround the home with a fenced front yard, side yard and parking for 2 cars. Listing courtesy of William Raveis Real Estate.
600 Commercial Street #1 is just acoss from the beach in the East End. It is a large brand new one bedroom one bath with gorgoeus design touches. It is being offered for $649K.
MLS Remarks Remarks: Sunny and bright front facing 1 bedroom/1 bath condo across the street from the Bay in the East End. This recently renovated unit has open living/dining with cathedral ceiling, and hardwood floors throughout the home. The kitchen has stainless steel appliances, white shaker style cabinets and a granite counter top island. Tumbled Carrera tile is on the floors and the walls of the walk in glass shower. Central heat and washer/dryer finish off the unit. Walk out this 1st floor condo to a large fenced in exclusive outdoor living space that features gorgeous gardens and a separate side deck. The property is hooked up to town sewer and the sewer betterment to be assumed by the buyer. Weekly rentals are allowed.
The “Boathouse” at 455 Commercial Street is a 418 square foot cottage on the bay beach and it just sold for $1.185 with an asking price of $1.349M. Everyone knows this charming boathouse – it is on the water in the East End right before PAAM. A true one of a kind property.
MLS COPY: Rare opportunity to own historic single-family home on Provincetown Harbor waterfront in the desirable East End. With only 3 owners since its construction, this Bayfront Boathouse enjoys a beautiful harbor setting, parking for 2 cars, private waterfront living areas, sandy beach frontage, lush gardens and amazing views of Cape Cod Bay. Easy-to-maintain, the residence offers 1 bedroom, sleeping loft, full kitchen, full bath with washer/dryer, and two parking spaces.
Provincetown year to date sales figures as of May 31 look great!
Condo sales are up 20% over last year with 53 condos sold year to date versus 44 last year. The average sale price was up 13% to $388K versus $343K last year. The energy on “the street” is palpable. There are excited buyers looking to take advantage of historically low interest rates and affordability levels not seen in a long time.
In past posts condos under $300K were highlighted and in another the “belly” of the condo market in the $500″s was examined. Both posts illustrate the broad assortment of properties for sale which is helping to drive sales.
The number of single family properties sold was up an amazing 83% to 22 properties year to date versus 12 last year. The average sales price was$732K against $871K last year which is a decrease of 16%.
In Boston we can read more into “averages” as hundreds of properties are sold each month, and averages tend to be more important and meaningful. In Provincetown with a smaller sampling of properties, averages can be skewed wildly by one excessively high or low sale, and while still important and very interesting to look at, whats’s more important is the general trajectory of sales.
Provincetown is on track to have a very solid year in real estate.
We will publish our quarterly Goode and Farmer Report for Provincetown Q2 in early July. Watch for it.