August Real Estate Market Report | Outer Cape

Market Report | YTD August 2021 | Outer Cape Presented by Mark Lynett

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Average Sales Price | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

$2.0M

$1,705,228

$1.5M $1,302,580

$1,291,241 $1,189,807

$1.0M

$936,683 $875,780 $779,961 $698,731

$673,973

$0.5M

$0

-0.9% 2019

-16.7%

-3.5%

+32.1%

+52.5%

+29.9%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Average Sales Price | Condominiums Provincetown (Town)

Truro (Town)

Wellfleet (Town)

$800K

$698,383

$600K

$604,645 $571,752

$400K

$382,778

$367,575 $337,598

$273,625

$324,156

$285,421

$200K

$0

+5.8% 2019

+34.3%

+18.3%

+15.5%

+4.1%

-4.0%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Median Sales Price | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

$1.75M

$1.50M $1,402,500

$1.25M

$1,230,000

$1,210,000

$1.00M

$0.75M

$957,500

$759,000

$746,012 $690,000 $583,500 $549,500

$0.50M

$0.25M

$0

+1.7% 2019

-7.5%

+6.2%

+14.0%

+38.8%

+30.1%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Median Sales Price | Condominiums Provincetown (Town)

Truro (Town)

Wellfleet (Town)

$800K

$648,456

$600K

$580,000

$504,500

$400K $325,000

$310,000

$305,750 $288,500

$299,500

$227,250

$200K

$0

+15.0% 2019

+43.0%

+6.0%

+11.8%

-4.6%

-2.0%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Average Days on Market | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

175

150

143

144

149

149

136 129 123

125

100

75

70 56

50

25

0

+9.6% 2019

+4.2%

-10.4%

-53.0%

-17.4%

-56.6%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Average Days on Market | Condominiums Provincetown (Town)

Truro (Town)

Wellfleet (Town)

175

155 150

140 132 125

132

118

116

115 96

100

100

75

50

25

0

+11.9% 2019

-9.7%

-12.1%

-12.9%

-31.4%

-13.8%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Median Days on Market | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

150

134 125

116

114

101 100

93

75

54 48

50

33 25

20

0

+12.9% 2019

+44.1%

-53.4%

-71.1%

-64.2%

-63.0%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Median Days on Market | Condominiums Provincetown (Town)

Truro (Town)

Wellfleet (Town)

120

105 100

94 85

82

78

80

61 60

49 41

40

-61.0%

-48.7%

40

20

0

+14.6% 2019

+72.1%

-8.2%

-47.9%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August New Listings | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

140

120

114 106

100

83 77

80

77 67

60

69

57

55

40

20

0

+3.6% 2019

-32.5%

-21.7%

+17.5%

-10.4%

-7.2%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August New Listings | Condominiums Provincetown (Town)

Truro (Town)

Wellfleet (Town)

300

250

239

195

200

185

150

100

50

57

48

46 24

19 0

11 -18.4%

2019

+18.8%

+26.3%

-5.1%

-19.3%

-54.2%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Homes for Sale | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

80

66 60

51 48

40

33

32 27

20

14

15 10

0

-18.2% 2019

-27.3%

-37.3%

-48.1%

-68.8%

-68.8%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Homes for Sale | Condominiums Provincetown (Town)

Truro (Town)

Wellfleet (Town)

140

120

113

100

94

80

60

38

40

28 22 20

13

10

7

1 0

-16.8% 2019

+27.3%

+42.9%

-59.6%

-53.6%

-90.0%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Pending Sales | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

100

84

85

+37.7%

+6.3%

80

80

71 66 61 60

53

50

40

32

20

0

+56.3% 2019

-7.6%

+12.7%

+6.0%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Pending Sales | Condominiums Provincetown (Town)

Truro (Town)

Wellfleet (Town)

250

221 200

163 152 150

100

49

50

32

25

23 14

0

13 -6.7%

2019

+28.0%

+64.3%

+45.4%

+53.1%

-43.5%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Closed Sales | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

100

84 80

87

77

65

66 60

60

52 43 40

38

20

0

+13.2% 2019

-7.7%

+16.7%

+20.9%

+40.0%

+13.0%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Closed Sales | Condominiums Provincetown (Town)

Truro (Town)

Wellfleet (Town)

250

216 200

155 150

143

100

44

50

35 24

20

14 0

-7.7% 2019

+45.8%

+42.9%

16 +51.0%

+25.7%

-20.0%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Median Percent of Last List Price | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

120.0%

100.0%

95.2%

94.5%

96.0%

96.4%

94.2%

94.8%

-1.1%

+0.3% +0.4%

98.3%

97.1%

100.0%

80.0%

60.0%

40.0%

20.0%

0.0% 2019

+4.4% +2.4% +3.7%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Median Percent of Last List Price | Condominiums Barnstable County

Provincetown (Town)

Truro (Town)

Wellfleet (Town)

120.0%

100.0%

97.1%

96.7%

97.8%

96.1%

96.9%

96.3% 97.7%

100.0%

98.3%

97.9%

100.0%

92.6%

80.0%

60.0%

40.0%

20.0%

0.0%

+0.7% +0.2% +0.2% +5.5%

2019

+2.2% +1.4% +1.7% +2.4%

2020 2021 Barnstable County & Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Dollar V olume of Closed Sales | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

$120M

$99,943,788

$100M $88,671,878

$80M

$76,192,829

$60,884,413

$60M $55,523,377 $51,895,918 $49,498,047 $46,797,650

$46,116,250

$40M

$20M

$0

+12.2%

2019

-23.1%

+12.5%

+59.7%

+113.6%

+46.8%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Dollar V olume of Closed Sales | Condominiums Provincetown (Town)

Truro (Town)

Wellfleet (Town)

$175M

$150,850,798

$150M

$125M

$100M $88,621,570

$86,464,195

$75M

$50M

$25M $16,842,226 $12,865,108 $6,567,000

$0

$6,751,950

$3,995,900

-2.4% 2019

+95.9%

+69.0%

$5,186,499

+74.5%

+30.9%

-23.2%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Months Supply of Homes for Sale | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

17.5

15.0

14.0 12.8 12.5

10.0

9.5

9.5 8.4

7.5

5.2 5.0

3.1 2.1

2.5

1.3 0.0

-34.4% 2019

-32.1%

-45.3%

-63.1%

-77.9%

-75.0%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.

Mark Lynett

Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com

Gibson Sotheby's International Realty

August Months Supply of Homes for Sale | Condominiums Provincetown (Town)

Truro (Town)

Wellfleet (Town)

17.5

15.0

14.4

12.5

10.0

8.9

8.5 7.3

7.5

5.0

7.1

4.4 3.6 2.3

2.5

0.3 0.0

-18.0% 2019

+69.4%

+61.4%

-68.5%

-75.0%

-95.8%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.

All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.