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Nantucket vs The Vineyard

 

Interesting post by Scott pitting The Vineyard against Nantucket.  But we all know – Provincetown beats ’em all!

 

A Tale of Two Islands

Posted by Scott Van Voorhis

Hey, maybe having the commander-in-chief vacation on your resort island isn’t such a boon after all.

President Obama is one Martha’s Vineyard for his annual two-weeks of fun and sun on the resort island.

And the only thing slumping faster than the president’s approval ratings are home prices in Edgartown.

edgartown.jpgTripAdvisor

 

The median price of a single-family-home in Edgartown plunged more than 22 percent during the first six months of the year, to $619,250, reports The Warren Group, publisher of Banker & Tradesman.

West Tisbury home prices fell nearly 12 percent during the same time period, sinking below the $500,000 mark.

Despite a strong showing in Tisbury, where prices rose more than 19 percent, the median price for the island as a whole fell by 4 percent.

Funny thing, when Obama first began vacationing on Martha’s Vineyard early in his presidency, home prices on the island were on a tear, rising faster than neighboring Nantucket. However, since a big rally in 2010, real estate values on the Vineyard, known for its  colorful mix of celebrities, writers and artists, have bumped around, rising and falling.

No more. Nantucket is now by far the hottest of the two islands when it comes to real estate values. The median price on the buttoned-down summer home for the nation’s corporate elite hit $1.1 million during the first six months of 2014, up more than 24 percent.

Wall Street gets the last laugh?

 

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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.

 

 

 

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5 Things To Know About Housing In 2014

A long but very interesting post from Housing Wire – from a national perspective – and while many of the fundamental issues do not directly reflect our local market performance…it is important to know as we  navigate our own real estate markets.

 

5 things to know about housing for the rest of 2014

See what housing insiders are saying

The future of housing for 2014 looks a lot different  than it did at the start of the year.

Either fundamentals have changed, or the evidence is getting so overwhelming that neither the most hopeful naiveté or calculating spin can cover it.

That’s not to say there aren’t bright spots, but marking the danger spots on the map is a lot more important than marking X on the buried treasure.

So here are five things to know about housing and where it’s going for the rest of 2014.

1) Luxury Sales Fly as Home Sales for the Rest Crash and Burn

Home sales among the 1%  look like they will beat last year’s numbers, and that’s about the only real bright spot in housing on the horizon, and the only thing looking positive for the rest of 2014.

Sales of the priciest 1% of homes are up 21.1% so far this year, according to Redfin. This follows a gain of 35.7% in 2013. Meanwhile, on the other side of the bridge, home sales in the remaining 99% of the market have fallen 7.6% in 2014.

It’s not that interest rates are usurious by any stretch. This is despite mortgage rates having dropped to their lowest level in more than six months. The 30-year, fixed-rate mortgage averaged 4.14% for the week ended May 22.

BlackRock CEO Laurence Fink said Tuesday that the housing market is “structurally more unsound ” than prior to the financial crisis due to its reliance on the government-sponsored enterprises of Fannie Mae and Freddie Mac.

“There are haves and have-nots, and the haves are the ones out buying,” Redfin CEO Glenn Kelman said.

2) Real Estate Investment Highly Uncertain

Concerns still linger over the state of residential investment, which contracted in both the fourth quarter of 2013 and the first quarter of 2014, as well as prices being driven up by investors rather than homeowners, and the growing affordability gap for buyers. The weak labor market means that the recovery is tenuous. Weak job growth and wage stagnation remain challenges for both housing and for the economy in general.

Federal Reserve Bank of Cleveland researchers Edward Knotek II and Saeed Zaman say there are three primary factors behind the recent slowdown in residential investment: the increase in mortgage rates since early 2013; the unusually cold winter; and a modest tightening of lending standards in the residential mortgage market.

The weather reason doesn’t really fly. As CoreLogic’s (CLGX) reported, past severe winters that have affected housing starts negatively were followed by a rebound after temperatures began to rise again. This analysis indicates there should be a rebound again this spring, but it will not be sufficient to counteract the current weakness in the market, which can’t be blamed on the weather.

Knotek and Zaman say the resumption of more normal weather and ongoing improvements in labor markets and the broader economy should allow for a rebound in residential investment. However, the researchers also note that the experiences of the past year highlight the strong interest rate sensitivity of the housing sector.

3) Investor Price Increases Push Housing Out of Reach

Home prices in the United States are just 12.8% off the 2006 peak, according to the comprehensive March home price index report from Black Knight Financial Services.

April home price data from S&P/Case-Shiller released on Tuesday, found slight increases for the month. The 10-city and 20-city composites recorded miniscule rises for March 2014, increasing .8% and .9% month-over-month.

Separately, the Federal Housing Finance Agency House Price Index found that prices continued to trend higher in the first quarter, and increased for the eleventh consecutive quarter, rising 1.3% in the first three months of 2014.

Housing affordability is being skewed by cash investors (increasingly) and institutional buyers (less so than last year) which are still accounting for almost half of all home sales. Until there is affordability, there cannot be a rise in first-time buyer participation. Which brings us to the next point.

4) Millennials Want to Buy but Can’t

DoubleLine Capital founder Jeffrey Gundlach said he is concerned that would-be young buyers are shunning mortgages even though all the evidence shows they want to buy rather than rent. So far, returning homebuyers havedominated the scene in 2014 because too many first-timers are dealing with mounting debt.

“The deferral of marriage has such a staggering impact on real estate and I just don’t think people focus on it,” said real estate investor Sam Zell, 72, whose Chicago-based Equity Residential is the largest U.S. apartment landlord. “I don’t think the multifamily market has ever had a better set of future demographics.”

Zell said he expects the Homeownership rate to drop as low as 55% from the current 35-year low, as more people delay marriage.

So what’s the good news? Now might be a good time to invest in apartments.

5) Mortgage Originations Fizzle

Mortgage originations are at their lowest level in 14 years and everyone is expecting that will only get worse as mortgage rates creep up.

Chris Flanagan, MBS/ABS strategist for BofA Merrill Lynch, said mortgage activity is going to underperform in 2014.

“We were expecting $1 trillion in gross issuance for the year (at the start of 2014.) We’re at about $200 billion now,” Flanagan said. “So we’re on track for $750 billion for the year, which is less than expected.”

He said credit remains a headwind for buyers.

“We came into this year knowing credit would be tight,” Flanagan said. “We hear anecdotal evidence that credit is loosening, but (when you consider mitigating factors to the anecdotal evidence) the end result is credit is still very, very tight.”

Flanagan said that while the FHA has lowered its threshold for FICO scores by 15 points, it hasn’t translated into increased mortgage originations.

It’s happening across the board. Bank of America (BAC) reported that its first-quarter mortgage originations fell 65% year-on-year in its earnings report. Wells Fargo (WFC) reported record net income of $5.9 billion, up 14%, or $1.05 per diluted common share, for first-quarter 2014, where as JPMorgan Chase (JPM) recorded a first-quarter 2014 net income of $5.3 billion, a drop from $6.5 billion in the first quarter of 2013.

Lawrence YunNational Association of Realtors’ chief economist, noted in the most recent existing-home sales report from NAR, “Some growth was inevitable after sub-par housing activity in the first quarter, but improved inventory is expanding choices and sales should generally trend upward from this point. Annual home sales, however, due to a sluggish first quarter, will likely be lower than last year.”

The housing market has improved since the financial crisis, but it’s not clear how strong that improvement is, given that so much of it is supported by intense government subsidies, protection and backstops.

Even Federal Reserve Chair Janet Yellen concedes that housing is no longer helping – it is hurting the economy.

“One cautionary note, though, is that readings on housing activity – a sector that has been recovering since 2011 – have remained disappointing so far this year and will bear watching,” she said. “Another risk – domestic in origin – is that the recent flattening out in housing activity could prove more protracted than currently expected rather than resuming its earlier pace of recovery.”

Further complicating matters is the conflict between regulatory pressures at cross-purposes – a push for an affordable housing mandate versus regulatory standards for debt-to-income ratios, QM mandates and so on.

That’s where things stand as the market crosses the halfway point on the calendar year.

Anthony Sanders, distinguished professor of real estate finance at George Mason University, sums up the problem by taking a step back from the details.

“True, credit is tighter than during the housing bubble, but average FICO scores on closed loans has been dropping,” Sanders says.“But the problem remains a slow recovery for the middle class in terms of employment and income. Of course, The Fed could speed up tapering and allow rates to rise (cutting off cheap funding sources to investors). As it stands, house prices are rising while affordability for the middle class is shrinking.”

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The Goode and Farmer Report July 2014

Provincetown, Truro and Wellfleet Real Estate market 2Q2014 Figures 

Condominium prices continue to rise and single-family properties remain scarce.

 

Year-to-date sales through the 2nd quarter in Provincetown were strong with condos leading the way in the number of sales and price increases. Winter weather kept many away in the first quarter, but as always, spring does finally come and sales increased substantially in the second quarter.

The average sale price of condos sold in Provincetown increased 18% to $459K from $390K last year, and the number of sales recorded in MLS were 18% higher than last year at 59. The silver lining in the first half sales figures are the non-MLS recorded sales of 13 condos that closed at Seashore Point* with an average sales price of $405K and a total sales volume of $5.27M. When added to the MLS totals, YTD sales show huge increases of 44% to 72 sales with an increase in sales volume of 66% to $32.4M. *Seashore Point sales represent the second phase of the over-55 facility located on Alden Street in the center of town.

The average price of single-family properties sold year-to-date is $903K – even with last year’s $905K. There were 16 single-family sales which is a decrease from last year’s 22. Total sales volume was $14.5M – down from $19.9M last year. The decrease is partially because of a lack of new inventory in the single-family market particularly in the desirable West End neighborhoods of Provincetown.

The $1M Plus market was slower with four sales and $5.9M volume compared to nine sales last year with a volume of $12.9M.

As of July 15th there were 109 condos available with an average asking price of $471K and an average price per square foot of $455. There are 49 single-family properties on the market with an average price of $1.459M and an average price per square foot of $565K. Average days on market for condos is 184 and single family’s 246. While DOM’s aren’t nearly as important an indicator in a second home market, it is always interesting to compare.

The broad range of condo inventory is creating increased momentum going to the summer/fall sales season – as usual, Provincetown leads the way on the Cape with higher sales and prices.

 

ptown chart

 

 

 

 

 

 

 

 

 

 

 

Other towns on the Outer Cape did relatively well too.

The average sales price for single-family properties in Truro is up an impressive 42% to $866K from $607K in 2Q2013, but the number of sales was down to 19 sales from 26 sales last year. Even with fewer sales, volume was up 4% to $16.5M. The Truro market consists mostly of single-family homes.

Wellfleet turned in a solid performance as the number of sales increased 25% to 40 from 32 for the same quarter in 2013. The average sales price of single-family properties sold was even with last year at $559K. Wellfleet remains a predominantly a single-family sales market too.

As of July 15 there were 80 single-family homes on the market in Truro with a median price of $752K. In Wellfleet there were 60 single family-homes available with a median price of $634K.

Positive buyer and seller attitudes coupled with a continuation of relatively low mortgage rates and an improving economy bode well for 2014 being a great year to jump into the market.

 

Truro chart

 

 

 

 

 

 

 

 

 

 

 

Please call or stop in if you are considering selling or buying, or if you are just curious as to what your home is worth. Our business philosophy has always been that the best-informed buyers and sellers are most satisfied with their real estate results. And that’s what we do best!

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36 Hours In Provincetown – NYTimes

This is a terrific love letter to Provincetown posted on NYTimes online last week and the Sunday Times yesterday.  We saw Benoit, the author of the article, at The Fine Arts Work Center’s Summer Reading Series , on Friday night reading from his new book Travels with Casey – his pooch!   Charming guy and lots of fun!

 

 

36 Hours in Provincetown, Mass.

Clockwise from top left: walking on the breakwater; the sun lights up Herring Cove Beach; a performer on Commercial Street; oysters at the Red Inn; and taking in the view from Pilgrim Monument.
KAYANA SZYMCZAK FOR THE NEW YORK TIMES
By BENOIT DENIZET-LEWIS
JULY 24, 2014

Perched at the tip of Cape Cod — or at the end of the world, as locals like to say — Provincetown is a quirky beach community favored by artists, drag queens, L.G.B.T. people, heterosexual families from the suburbs and oddballs on the run. Provincetown combines small-town charm with big-city spunk, and it’s nestled among miles of peaceful dunes and seashore. If you want solitude, come in the winter when hardly anyone is here — or anything is open. But if you’re after warm weather and high-season theatrics, arrive in July, August or early September. Be careful about what summer week you choose. Many have a theme, and your Provincetown experience will differ whether you’re here for “Family Week,” “Girl Splash” or “Bear Week.”

FRIDAY

1. Oysters and Celebrities | 4 p.m.

Rent a bike from one of the handful of rental shops in town — if you arrive by ferry, the closest is Arnold’s Bikes — and head west for about a mile on Commercial Street, the town’s main drag. Try not to crash into any famous writers on the way — John Waters, Tony Kushner, Andrew Sullivan and Michael Cunningham are generally in residence during the summer. (Before your visit consider reading Mr. Cunningham’s “Land’s End: A Walk in Provincetown,” a celebration of the town and the best introduction to the area.) Stop at the Red Inn and savor $1.25 shrimp and Wellfleet oysters, or cocktails on the deck with views of the harbor and the Long Point Lighthouse. The Red Inn is also one of the town’s best upscale dinner spots.

2. Break for the Breakwater | 5 p.m.

Take a left out of the Red Inn and bike to the other side of the rotary at the end of Commercial Street. You’ll see the breakwater, a mile-long stretch of mammoth granite blocks that leads to a mostly deserted portion of Herring Cove Beach. Two warnings: The breakwater is longer than it appears, and its rocks are better traversed sober. But any trip to Provincetown without at least a partial trek along those rocks is probably incomplete. If it’s high tide, go for a swim in the lagoon that forms along the breakwater. If it’s low tide, walk across the harbor floor to the beach.

3. Strolling for Art | 7 p.m.

Painters love Provincetown for its distinctive vistas and breathtaking light, and on Friday nights you can admire the work of celebrated Cape Cod artists — including Anne Packard and John Dowd — in dozens of galleries that stay open late. (Many offer wine and cheese.) Concentrate your efforts in the town’s East End and be sure to visit the Albert Merola Gallery, William-Scott Gallery, Schoolhouse Gallery and Julie Heller Gallery East. Also drop by the 100-year-old Provincetown Art Association and Museum (PAAM), which is free Friday nights and features exhibitions and workshops year-round.

4. Drag Queens & Quartets | 8:30 p.m.

There’s never a shortage of entertainment here, from street performers to big-name nightclub acts. Commercial Street is rich with drag queens hawking their shows (sometimes perilously on bicycles and mopeds), and one of the local favorites is the offbeat and inimitable Dina Martina (Crown & Anchor, $25), who has been performing here every summer for 10 years. Well-Strung — a talented quartet of men who sing and play string instruments — got its start in Provincetown and brilliantly fuses pop and classical music from Madonna to Beethoven (the Art House; tickets, $30).

5. Toast the Town | 10 p.m.

For a late-night meal or drink, head to the Nor’East Beer Garden’s outside tables. Order the beer-battered fish and chips or a dozen oysters ($24), and choose from a wide array of local beers. If you would rather drink wine, go west on Commercial Street to Joon Bar and Kitchen, an outstanding restaurant and wine bar that serves food until 10 p.m. and drinks until 1 a.m. Don’t miss Joon’s fried olives ($9), roasted halibut ($20) and fries with foie gras aioli ($9).

SATURDAY

6. Climbing Through History | 10 a.m.

The 252-foot tall Pilgrim Monument.

KAYANA SZYMCZAK FOR THE NEW YORK TIMES

Grab a delicious breakfast sandwich (from $4.25) or blueberry muffin ($3) at Connie’s Bakery and pick a spot to enjoy it a few feet away on the deck at Aqua Bar at the rear of the Aquarium Mall. (You can’t beat the harbor views.) After breakfast, head toward the tallest structure in town — the 252-foot tall Pilgrim Monument. Built between 1907 and 1910, the tower commemorates the arrival of the Mayflower Pilgrims in Provincetown. (The Pilgrims hung around for a few weeks before deciding that this was no place for a permanent settlement.) The monument is the country’s tallest all-granite structure and offers stunning sights of the town, Cape Cod and, if you’re lucky, Boston’s skyline. At the base of the monument is the Provincetown Museum, which chronicles the town’s maritime history.

7. Relish the Canteen | 1 p.m.

Provincetown’s best casual lunch spot is the Canteen, a charming Cape Cod-style dining spot in the heart of town. There are a few tables inside, another pair on the street (perfect for people-watching), and a long communal table in the backyard near the beach. Don’t leave the Canteen without trying the cod banh mi ($9.99), pulled pork tacos ($13.95) and crispy brussels sprouts in fish sauce ($7.99). If you want something you can easily take to the beach, walk or bike to Relish in the West End and try any of its delicious sandwiches (all for under $9).

8. A Beach for Everyone | 2 p.m.

Provincetown’s most visited beach is Herring Cove, which is only a short bike ride away and has gentle surf and views of the setting sun. Herring Cove is unofficially divided into sections: The closest to the parking lot is where you’ll find families, many with small children. If you walk south (or to the left when facing the water), you’ll cross into an area favored by lesbians, followed by one favored by gay men, followed by one favored by naked gay men. Prefer your parcel of sand devoid of sexual identity politics? Then bike the Province Lands Bike Trail — or take a shuttle from MacMillan Pier — to Race Point, a prettier beach two miles from town.

9. Rowdy Little Tea Party | 5 p.m.

If Commercial Street seems quieter between 5 and 7 p.m., that’s because a good portion of the town’s visitors are at Tea Dance at the Boatslip Resort. There is no actual tea served at this deck-side party overlooking the harbor, but there is a $10 Planter’s Punch designed to get you drunk before dinner. For a quieter alternative, go shopping. In the West End, be sure to visit Loveland, where you’ll find eclectic and bohemian handcrafted furniture, ceramics and clothing curated by the shop owner, Josh Patner.

Tea Dance at the Boatslip Resort.

KAYANA SZYMCZAK FOR THE NEW YORK TIMES

10. Dinner Scene | 8 p.m.

If you’re hungry for old-school Provincetown, head to the restaurant called Front Street, a town favorite with some of the best Italian food around. You can’t go wrong with the carbonara con pappardelle ($21.95) or the braised beef and short-rib ravioli ($23.95). For a tasty alternative off Commercial Street, dine at Backstreet, a two-story restaurant with both indoor and outdoor seating. Don’t miss the chef Raul Garcia’s hand-ground grits ($9), blue corn calamari ($12) and Brazilian fish moqueca ($26).

11. Cats and Cocktails | 11 p.m.

There are many bars and clubs in town, with most catering to the L.G.B.T. community. Start your evening at Shipwreck Lounge, where couches and a fireplace (not to mention the two friendly house cats) make you feel as if you’re in someone’s upscale living room. Out back, there’s a fire pit and lounge seating. If you’re in the mood to dance, skip over to A-House. Built in 1798 (and seemingly never renovated), the building now houses a dance floor and patio that’s busy after 11:30 on summer nights. You’ll want to start your dancing early, though. Bars here close at 1 a.m., after which a spirited crowd routinely continues the party in front of Spiritus Pizza on Commercial Street.

SUNDAY

12. Romancing the Brunch | 11 a.m.

There are several good breakfast spots in town, including Devon’s (in the East End) and its sister location, Devon’s Deep Sea Dive (in the West End). Try the pancakes with fresh strawberries ($11) or breakfast burrito with home fries ($14). The East End location is perfect for a romantic meal, especially if you score a table on the covered front patio.

13. Whale of a Good Time | 1 p.m.

You can often spot seals near the shoreline while sunning at Herring Cove or Race Point beaches, but if you’re after a bigger catch, try a three-plus hour whale watching tour courtesy of Dolphin Fleet ($46 for adults).

THE DETAILS

1. Arnold’s Bikes, 329 Commercial Street; 508-487-0844; the Red Inn, theredinn.com.

2. Breakwater.

3. Albert Merola Gallery, artsy.net/albert-merola-galleryWilliam-Scott Gallery,williamscottgallery.comSchoolhouse Gallery, galleryschoolhouse.com; Julie Heller Gallery East, juliehellergallery.comProvincetown Art Association and Museum,paam.org.

4. Crown & Anchor, onlyatthecrown.comthe Art House, ptownarthouse.com.

5. Nor’East Beer Garden, noreastbeergarden.comJoon Bar and Kitchen,joonbarandkitchen.com.

6. Connie’s Bakery, conniesbakery.comAqua Bar, aquabarptown.comPilgrim Monument, pilgrim-monument.org.

7. The Canteen, thecanteenptown.comRelish, ptownrelish.com.

8. Herring Cove Beach, Province Lands Road. Race Point Beach.

9. Boatslip Resort, boatslipresort.comLoveland, lovelandprovincetown.com.

10. Front Street, frontstreetrestaurant.comBackstreet, backstreetptown.com.

11. Shipwreck Lounge, ptownlounge.comA-House, ahouse.comSpiritus Pizza,spirituspizza.com.

12. Devon’s, Devon’s Deep Sea Dive, devons.org.

13. Dolphin Fleet, whalewatch.com.

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Listing Of The Week

82 Commercial Street is one of the finest examples a classic Cape Cod Home. It is a 7 bedroom, 4 bath stunner with 3,294 square feet and is being marketed for $2.945M.

 

82 C front

 

 

 

 

 

 

 

MLS COPY: Offered on the public market for the first time since it was built in 1820, this showplace has only had 3 families own it in the past 100 years. This classic Cape Cod home, with its sweeping lawn & white picket fence, is an iconic property in Provincetown’s West End, one of a very few that boast this square footage on almost a 1/4 acre of land, in the heart of the historic district. The house has been impeccably restored to its original grandeur, and all of its core infrastructure has been brought up to date. The home is expansive, w/ 7 bedrooms, pine floors, period wainscoting and trim, formal living and dining rooms each with wood burning FPs, and a classic sunroom that offers views of Long Point Light. Underground utilities, irrigation, new HVAC, wiring, sewer connection, security, generator, ext siding & cedar roof w/in recent years.

82 C full

82 C lr

82 C bedroom

82 C den

 

 

 

 

 

A property like this rarely becomes available, as those who have been looking at property in the West End know.  This property is a perfect example of why Provincetown is such a beautiful and beloved town.

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Listing Of The Week, 12 Conwell Street

12 Conwell Street #A, Provincetown MA

12 Conwell Street #A has 1,400 square foot, 3 bedroom 2.5 bath condo is being marketed for $630,000. It really does feel like a single family , with an entertainment size living room, 3 bedrooms and 2.5 baths.

kitchen 3

This is a newly renovated freestanding condo that lives like a single family home. The dramatic reverse floor plan has an entertainment size  living room with hardwood floors vaulted ceilings and a wall of windows with views to the Provincetown Monument beyond. There is chefs kitchen with 6 burner gas stove, huge granite work island and an office nook. There is a large hidden storage area/pantry and a powder room directly off the  kitchen. The large private deck has those same broad open views to the Provincetown Monument.

 

 

 

Each of the 3 bedrooms on the lower level have great closets and multiple window exposures. The master has an en suite bath as well as a built in office nook between the double closets. There is a second full bath and a large storage/laundry/mud room on this level. Central A/C, and quality window treatments throughout. Fenced front yard and garden. Parking for 2 cars. This house lives large and fun. 1 1/2 blocks to bay beaches, steps to Farland and downtown. Great rental income.

 

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kitchen 1

den

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This condo is being marketed for $630,000.

 

 

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Listing Of The Week

18 Brewster is a wonderful single family bungalow in the near East with 2 bedrooms, 3 baths, 1,374 sf and is being marketed for $999K. Brewster Street is one of those charming East End streets with charming and diverse homes that is beloved by many in Provincetown as it represents the best the town has to offer.

 

18 B door

MLS COPY: Tucked behind mature clipped landscaping, this gorgeous renovated mid-century home is just a short walk to Commercial St. in the Gallery District. Lovingly restored with ebony stained wood floors throughout. The living area features cathedral ceilings, a wood burning fireplace and separate dining area. The kitchen is updated with white cabinetry, granite countertops and newer appliances. Sliders lead to a large private mahogany deck surrounded by privet, boxwood and mature perennial gardens. The master bedroom has an en suite bath, cathedral ceilings and built in closets. The second bedroom also has a private en suite bath and a private entrance. The den is set up as a bedroom, has a separate bath and access to the deck.

 

 

18 B living room

18 B living room 2

18 B kitchen

18 B deck

 

 

 

jhioi

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Sale Of The Week

51 Harry Kemp Way #1

51 HKW 1

51 Harry Kemp Way #1 sold for $610K. This condo in a 2 unit condo association. It is a terrific example of the mid market here in Provincetown. Just like the MLS Copy says…it does feel like a single family house and has wonderful porches and gardens. It has 3 bedrooms and 2 baths and 2,331 square feet along with a 1 car garage. It had been marketed for $625K.

 

 

 

51 HKW 2

51 HKW5

51 HKW 3

51 HKW4

 

 

 

 

 

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.

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Sale Of The Week

Provincetown sale of the week.

20 Bradford Street sold for $607,500. It is a adorable small single family that you all know at the top of the Bradford Street Hill near Franklin Street.  It has 2 beds and 2 baths and 994 sf. Its always been a great looking small cape house, sandwiched in between two much larger buildings on Bradford Street. The complete renovation of the house in 2007 created a well crafted updated house with terrific outside spaces.

 

20 Bradford

 

MLS COPY: This charming two bedroom, single family home was totally renovated in 2007. The high ceilinged living room has wood floors, a gas fireplace, and French doors leading to a bluestone patio and sunny garden with deck. There is a high end kitchen with stainless steel appliances and 5 burner gas stove. A half bath completes this level. Upstairs are a guest bedroom and a master bedroom, which share a full bath with large, marble walled, glass enclosed shower. A cozy deck has stairs leading to a rooftop deck with panoramic harbor views. Gas hot water heat, parking(1), full basement(shoulder height) excellent rental income (2500/wk)

 

 

 

 

It packed a lot into the small lot of 1,700 sf. lot. Two beds, two baths, a great kitchen,a deck off the 2nd floor bedrooms and a roof deck – along with a good sized back yard .