Provincetown Town Center, Town of Provincetown - Announcing a price reduction on 54 Bradford Street # 2-3, a 280 sq. ft. studio condo with 1 bath. Now 
MLS® $149,000 - Reduced!.
Property information
• 42,253 sq. ft. lot / land - MLS® $259,000
North Truro, Town of Truro - Terrific piece of land containing almost 1 acre available in a desirable neighborhood in North Truro. Located on a quiet street- yet an easy bike ride to Coast Guard Beach or Head of the Meadows Beach! This is a prime opportunity to build a home of your dreams with exactly the options and attributes you have always dreamed of. Seller has plan of a 4 bedroom home designed by Felco and will share with the Buyer. Seller can also assist with the building process. Priced to sell, listed well below assessed value!
Property information
Provincetown Real Estate, West End of Provincetown
-
Announcing a price reduction
on 25 Winthrop Street # 3, a 474 sq. ft., 1 bath, 1 bedroom second floor condo "Top floor one bedroom condo". Now
MLS®
$310,000
- Reduced!.
Property information
There are not many lots available in Provincetown that can be built
upon. However, once you move away from Provincetown toward Truro and
Wellfleet, your options for vacant land open dramatically. Many
Clients ask me about where do they begin. Of course, I always
recommend the first stop to be at the local building department zoning
department and health department, and ask my Clients to spend time with
these people and ask many questions about the subject property and any
limitations. Once they are satisfied with the answers from the local
authorities, then they should meet with an Engineer as well as a
licensed contractor.
Another valuable resource for consumers is the National Association
of home Builders website. This website is for consumers as well as
builders. I highly recommend my Clients visit the website and spend
some time looking through the website for valuable tips to use along
with their Engineer and Builder.
NAHB is a trade association that helps promote the policies that
make housing a national priority. Since 1942, NAHB has been serving its
members, the housing industry, and the public at large.
Click here to visit their website.
If you would like to speak with me about your personal real estate
goals and objectives, please feel free to call me at 508-237-4632 or
e-mail me at Rick.Tourgee@Century21.com. Feel free to visit my
website to browse through many of the condos and homes on Cape Cod for sale.
Attention all Provincetown real
estate owners: The Provincetown Board of Assessors announces that the
public disclosure period for fiscal year 2009 assessed values is now
through May 8, 2009.
The fiscal year 2009 values, which
are pending preliminary certification from the Massachusetts Department
of Revenue, reflect full and fair cash value as of Jan. 1, 2008. As
required by Mass. State law, the fiscal year 2009 assessments are based
on sales of similar properties in calendar year 2007.
To view the FY
2009 Assessed values file and download to your computer, please visit
www.provincetown-ma.gov/assessor.html
Direct water-front, location, location,
• 1,560 sq. ft., 1 bath, 4 bdrm 2 story "Direct water-front"
-
MLS®
$1,100,000
North Truro, Town of Truro
-
First time on the market in decades and has been in the same family! This single family home located in North Truro is located directly on the water with views all the way to Provincetown! Included in this sale is 405 Shore Road (vacant lot) located across from this home. Imagine having your first cup of coffee on your own deck with unobstructed water views! Enjoy the day soaking in the sun and entertaining family & friends. This four bedroom single family home boasts about 1,500 square feet with water views from almost every window. Currently, the main level has a open living room, dining room, and kitchen. On the second level you will find four bedrooms and one bath. This home is currently owner occupied. However, the new owner may wish to invest in some TLC/updating to make this home their own for decades to come.
Property information
Below are the current sales stats of properties in the Provincetown, Truro, and Wellfleet area of Cape Cod for the 1st quarter of 2009. Data retrieved from the Cape Cod MLS system as of 12 noon on April 1, 2009.
As you can see, sales have slowed compared to the first quarter of 2008. On the positive side, prices have declined much slower than other areas on Cape Cod and the rest of the nation. However, this might be the reason for slower sales volume.
For more details, feel free to call me at 508-237-4632 to discuss your personal real estate goals and objectives.
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Volume of closed sales
|
Year to date 2009
|
Last year to date 2008
|
|
Provincetown
|
|
|
|
Condos
|
7
|
28
|
|
Single family
|
5
|
4
|
|
Average days on the market
|
348
|
199
|
|
|
|
|
|
Truro
|
|
|
|
Condos
|
2
|
4
|
|
Single family
|
4
|
4
|
|
Average days on the market
|
177
|
237
|
|
|
|
|
|
Wellfleet
|
|
|
|
Condos
|
1
|
2
|
|
Single family
|
7
|
8
|
|
Average days on the market
|
152
|
300
|
|
|
|
|
|
Total sales
|
26
|
50
|
Spacious Provincetown studio!!
• 280 sq. ft., 1 bath single story "Studio"
-
MLS®
$169,000
Near Provincetown the center of Provincetown
-
Be sure to view the virtual tour! Located in the West-end of Provincetown, you will find this spacious, open and bright first floor studio. This condo is located in the Shankpainter Sails Association, a terrific location to walk to Bubulas, Boatslip and all of the special shops and restaurants along Commercial Street. There is an exclusive use deck/patio- perfect for entertaining! Parking is on first come-first serve basis, pets are allowed for owners. Property is connected to town sewer and the betterment has been paid in full! This condo needs some minor TLC and is being sold as is and fully furnished.
Property information
West End of Provincetown
-
Announcing a price reduction
on this terrific piece of Provincetown real estate at 15 Cottage Street # 5, a 369 sq. ft., 1 bath "Studio condo". Now
$199,000
- Reduced!.
Property information
North Truro,
-
Seasonal use studio condo at Braemar. Announcing a price reduction
on 132 Shore Road # 51, a 440 sq. ft., 1 bath single story "Studio condo". Now
$159,000
- Terrific price!!.
Property information
Last year I wrote a blog post about how Seller’s should not list their property if they really don’t need or want to sell. I thought now that we are a little into 2009 with a new President in office, I would give you a snapshot of the current market conditions here in Provincetown and the surrounding area.
Since the significant drop of the stock market, Buyers of second homes in this part of Cape Cod have put everything on hold for a variety of reasons. Stock values have declined eliminating wealth. When people see the values of their portfolios decline, people are hesitant to purchase a luxury item. This part of Cape Cod, most properties are second homes, which is considered a luxury.
Another huge factor is the concern of a job loss. If people feel they might lose their job, they will not invest in a luxury item.
Other factors play a significant role as well, such as the value of their primary residence has declined (again, wealth effect), it is tough to obtain a favorable mortgage, etc.
However, serious qualified Buyers are buying and the market is not dead as the news media may make it sound. The major shift is Buyers will ONLY buy if they find a great deal on a property priced extremely well, a short sale, or a foreclosure. I am delighted to say that our office took a listing from a Seller who listened to us and wanted to sell. Guess what?? We have the property under agreement from a strong, qualified Buyer in just a few shorts weeks!!
Buyers are out there and they are buying!
However, Buyers are no longer buying market priced homes. Buyers do a significant amount of their due diligence prior to even meeting with me to discuss making a purchase. Buyers are well aware of properties that have lingered on the market for a significant amount of time with only small price decreases. Buyers will stay away from those properties because they feel the Seller is not serious and will avoid those properties all together. And, if I am acting as a Buyer Representative, I could not advise the Buyer to do anything different under present market conditions!
Sellers: Please do not even list your property if you do not need to sell or want to sell. And, more importantly, work with a reputible Real Estate Agent who will be honest with you and won’t tell you what you want to hear- but, tell you reality. It will do you no good to list your home if you don’t care about selling and/or over pricing the home. The real estate market does not need more inventory!
If you wish to discuss market conditions or your personal goals and objectives with me, please feel free to phone me at 508-237-4632 or e-mail me at Rick.Tourgee@Century21.com. I highly encourage you to visit my Provincetown real estate website for more valuable tips and to view the current listing inventory.
Here is a beautiful photo I took of sunset here in Provincetown, over looking Cape Cod Bay. This beauty reminds me why so many wish to live here in Provincetown!
Attention anyone and everyone looking to buy real estate: I wrote a post here in my blog about a year ago about Buyer Representation and how valuable it is when looking to purchase real estate. I had a few potential Buyers share their initial impressions about how they “viewed” looking for an Agent or Agency when looking to purchase. Much to my surprise, they initially felt they should work with an Agency that has the highest number of listings. That is totally false and shows consumers need a better education on Agency Representation.
I was delighted to explain Buyer representation and how it provides significant value to the Buyer- regardless of the number of listings I have or my company has listed. As an Accredited Buyer Representative (ABR), I have a duty to look after my Buyers best interest above my own interest. I am able to show Buyers any listings for sale in the State of Massachusetts, regardless of who the property is listed with. Thus, it does not matter how many listings I have under my name, since I can show and sell all listings. I can share all of the positive and negative attributes about a property. I can give my opinion about the price- whether it is over priced or a terrific value.
If a Buyer works with an Agent that has the listing, the Agent might be working as a Dual Agent where as the Agent works for both parties, giving equal treatment and equal market information. Or depending on the model which the Agency has set up, the Agent could be working for the Seller.
If I were a Buyer, I would would want someone working for me, exclusively. I would not want to wonder whether an Agent is looking out for their own interest above my own.
Think about this long and hard prior to working with an Agent. Be sure to know the facts and not the myths!
Please feel free to call me anytime at 508-237-4632 or e-mail me at
Rick.Tourgee@Century21.com should you wish to discuss in more detail!
West End, Provincetown
-
Announcing a price reduction
on 15 Cottage Street # 5, a 369 sq. ft. studio with 1 bath. Reduced from $239,000
to $229,000!
Property information
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West End, Provincetown - We invite everyone to visit our open house at 3-25 Winthrop Street on February 14 from 12:00 PM to 2:00 PM.
Property information