Market Report |Outer Cape
YTDDecember 2022
PREPARED BY MARK LYNETT BY MARK LYNETT PHOTOMark Lynett Gibson Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
data point represents year-to-date
data
data
December Median Sales Price | Single Family Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached $0 $0.5M $1.0M $1.5M $2.0M $2.5M 2020 2021 2022 $1,272,500 $1,550,000 $2,075,921 +21.8% +33.9% $740,000 $1,025,007 $1,356,250 +38.5% +32.3% $617,500 $805,000 $940,000 +30.4% +16.8% Provincetown (Town) Truro (Town) Wellfleet (Town)
Each
activity. Data is from January 2, 2023. All
from
provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime.
Mark Lynett Gibson Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
data point represents year-to-date activity. Data
data from data
Cod and Islands
of
2023 ShowingTime. December Median Sales Price | Condominiums Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse $0 $0.2M $0.4M $0.6M $0.8M $1.0M 2020 2021 2022 $610,000 $699,000 $774,900 +14.6% +10.9% $314,000 $375,000 $470,000 +19.4% +25.3% $300,000 $334,500 $399,000 +11.5% +19.3% Provincetown (Town) Truro (Town) Wellfleet (Town)
Each
is from January 2, 2023. All
provided by Cape
Association
REALTORS®. InfoSparks ©
Mark Lynett
Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
December New Listings | Single Family
0 20 40 60 80 100 120 2020 2021 2022 63 64 41 +1.6% -35.9% 89 55 50 -38.2% -9.1% 99 66 72 -33.3% +9.1%
Gibson
Each data point represents year-to-date activity. Data is from January 2, 2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime.
Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached
Provincetown (Town) Truro (Town) Wellfleet (Town)
Mark Lynett
Gibson Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
Provincetown (Town) Truro (Town) Wellfleet (Town)
0 50 100 150 200 250 2020 2021 2022 219 162 151 -26.0% -6.8% 51 47 29 -7.8% -38.3% 23 10 18 -56.5% +80.0%
Each data point represents year-to-date activity. Data is from January 2, 2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime. December New Listings | Condominiums Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse
Mark Lynett
Gibson Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
December Homes for Sale | Single Family Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached
Provincetown (Town) Truro (Town) Wellfleet (Town)
Each data point represents year-to-date activity. Data is from January 2, 2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime.
0 10 20 30 40 50 2020 2021 2022 21 13 11 -38.1% -15.4% 37 9 9 -75.7% 0.0% 24 6 8 -75.0% +33.3%
Mark Lynett
Gibson Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
December Homes for Sale | Condominiums
Provincetown (Town) Truro (Town) Wellfleet (Town)
Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse
Each data point represents year-to-date activity. Data is from January 2, 2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime.
0 20 40 60 80 100 2020 2021 2022 79 25 21 -68.4% -16.0% 25 10 5 -60.0% -50.0% 8 1 4 -87.5% +300.0%
Mark Lynett
Gibson Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
Each data point represents year-to-date activity. Data is from January 2, 2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime.
Pending Sales | Single Family
0 20 40 60 80 100 120 2020 2021 2022 52 50 30 -3.8% -40.0% 91 55 35 -39.6% -36.4% 98 68 57 -30.6% -16.2%
December
Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached
Provincetown (Town) Truro (Town) Wellfleet (Town)
Mark Lynett
Gibson Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
December Pending Sales | Condominiums
Provincetown (Town) Truro (Town) Wellfleet (Town)
Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse
Each data point represents year-to-date activity. Data is from January 2, 2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime.
0 50 100 150 200 250 2020 2021 2022 197 162 122 -17.8% -24.7% 45 45 26 0.0% -42.2% 28 12 14 -57.1% +16.7%
Mark Lynett
Gibson Sotheby's International Realty
December 20
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
Closed 40
| 60
Provincetown (Town) Truro (Town) Wellfleet (Town)
100 2020 2021 2022
52 53 31 +1.9% -41.5%
81 65 33 -19.8% -49.2%
86 75 62 -12.8% -17.3%
Family Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached 80
Sales
Single
Each data point represents year-to-date activity. Data is from January 2, 2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime. 0
Mark Lynett
Gibson Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
December Closed Sales | Condominiums Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse
Provincetown (Town) Truro (Town) Wellfleet (Town)
Each data point represents year-to-date activity. Data is from January 2, 2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime.
0 50 100 150 200 250 2020 2021 2022 193 151 135 -21.8% -10.6% 39 51 25 +30.8% -51.0% 27 12 15 -55.6% +25.0%
Mark Lynett
Gibson Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
Provincetown (Town) Truro (Town) Wellfleet (Town)
0 20 40 60 80 100 2020 2021 2022 70 16 36 -77.1% +125.0% 89 20 10 -77.5% -50.0% 44 9 7 -79.5% -22.2%
Each data point represents year-to-date activity. Data is from January 2, 2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime. December Median Days on Market | Single Family Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached
Mark Lynett
Gibson Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
December Median Days on Market | Condominiums Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse
Provincetown (Town) Truro (Town) Wellfleet (Town)
Each data point represents year-to-date activity. Data is from January 2, 2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime.
0 20 40 60 80 100 120 2020 2021 2022 68 20 10 -70.6% -50.0% 96 31 12 -67.7% -61.3% 69 16 10 -76.8% -37.5%
Mark Lynett
Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
Months Supply of Homes for Sale
Single Family
0.0 2.0 4.0 6.0 8.0 2020 2021 2022 5.8 2.8 3.1 -51.7% +10.7% 6.9 1.3 2.6 -81.2% +100.0% 3.7 0.8 1.6 -78.4% +100.0%
Gibson
Each data point represents year-to-date activity. Data is from January 2, 2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime. December
|
Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached
Provincetown (Town) Truro (Town) Wellfleet (Town)
Mark Lynett
Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 2020 2021 2022 5.8 1.5 2.0 -74.1% +33.3% 11.2 2.3 1.8 -79.5% -21.7% 4.7 0.3 2.7 -93.6% +800.0%
Gibson
Each data point represents year-to-date activity. Data is from January 2, 2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime. December Months Supply of Homes for Sale | Condominiums Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse
Provincetown (Town) Truro (Town) Wellfleet (Town)
Mark Lynett Gibson Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
data point represents year-to-date
data
data
December Median Percent of Last List Price | Single Family Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 2020 2021 2022 94.4% 100.0% 93.9% +5.9% -6.1% 95.6% 100.0% 100.1% +4.6% +0.1% 98.5% 100.5% 103.2% +2.0% +2.7% Provincetown (Town) Truro (Town) Wellfleet (Town)
Each
activity. Data is from January 2, 2023. All
from
provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime.
Mark Lynett Gibson Sotheby's International Realty
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
data point represents year-to-date activity.
data
data
December Median Percent of Last List Price | Condominiums Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 2020 2021 2022 97.6% 100.0% 100.0% +2.5% 0.0% 96.3% 98.7% 101.1% +2.5% +2.4% 97.4% 100.0% 99.8% +2.7% -0.2% Provincetown (Town) Truro (Town) Wellfleet (Town)
Each
Data is from January 2, 2023. All
from
provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime.
Mark Lynett
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
Each data point represents year-to-date activity. Data
2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime. December Dollar Volume of Closed Sales | Single Family Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached $0 $20M $40M $60M $80M $100M $120M 2020 2021 2022 $74,917,002 $98,910,553 $67,918,155 +32.0% -31.3% $75,203,738 $80,453,207 $51,562,900 +7.0% -35.9% $68,371,829 $69,977,550 $63,282,900 +2.3% -9.6% Provincetown (Town) Truro (Town) Wellfleet (Town)
Gibson Sotheby's International Realty
is from January 2,
Gibson
International
Each data point represents year-to-date activity. Data is from January 2, 2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime. December Dollar Volume of Closed Sales | Condominiums Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse $0 $25M $50M $75M $100M $125M $150M 2020 2021 2022 $128,584,633 $110,928,035 $117,242,324 -13.7% +5.7% $14,283,805 $19,433,226 $14,270,500 +36.1% -26.6% $8,994,500 $4,733,999 $7,574,500 -47.4% +60.0% Provincetown (Town) Truro (Town) Wellfleet (Town)
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com Mark Lynett
Sotheby's
Realty
Lynett
Office: 518-879-9838 Cell: 518-879-9838 mark.lynett@gibsonsir.com
Each data point represents year-to-date activity. Data is from January 2, 2023. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2023 ShowingTime. December Dollar Volume of Closed Sales | All Property Types Provincetown (Town) & Truro (Town) & Wellfleet (Town) $0 $50M $100M $150M $200M $250M 2020 2021 2022 $203,501,635 $209,838,588 $185,160,479 +3.1% -11.8% $89,487,543 $99,886,433 $65,833,400 +11.6% -34.1% $77,366,329 $74,711,549 $70,857,400 -3.4% -5.2% Provincetown (Town) Truro (Town) Wellfleet (Town)
Mark
Gibson Sotheby's International Realty
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518
9839
Lynett
879
Mark Lynett@GibsonSIRcom