Market Report | July 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
July Dollar V olume of Closed Sales | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$60M
$52,559,253
$50M
$40M
$38,592,700 $37,002,000 $34,624,377
$34,371,000
$30M $26,481,000 $24,189,900
$24,765,900
$21,236,047
$20M
$10M
$0
+63.0% 2019
-29.6%
-6.5%
+51.8%
+59.5%
+49.4%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from August 10, 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
July Dollar V olume of Closed Sales | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$80M
$63,647,848
$60M
$43,450,170
$40M $36,613,733
$20M
$9,432,326 $6,176,255 $3,983,500
$3,540,000 $1,835,999
$1,526,900
$0
-15.7%
2019
+55.0%
+131.8%
+73.8%
+52.7%
-48.1%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from August 10, 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
July Median Sales Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$1.75M
$1.50M $1,410,000 $1,373,547
$1.25M $1,100,000
$1.00M
$960,000
$832,500 $800,000
$0.75M $642,000 $593,000
$567,500
$0.50M
$0.25M
$0
-19.9% 2019
-22.9%
+4.5%
+28.2%
+49.5%
+34.9%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from August 10, 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
July Median Sales Price | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$800K
$655,000
$600K
$575,000
$501,750
$400K
$268,000
$200K
$295,000
$282,500 $290,000
$265,500
$186,450
$0
+14.6% 2019
+5.4%
+55.5%
+13.9%
+4.4%
-8.4%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from August 10, 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
July Average Sales Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$2.0M $1,812,388
$1.5M
$1,282,384
$1,249,179
$1,102,649
$1.0M
$1,010,912 $902,488 $778,853 $733,027
$707,597
$0.5M
$0
+2.7% 2019
-27.5%
-9.1%
+41.3%
+50.4%
+27.5%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from August 10, 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
July Average Sales Price | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$800K
$699,427
$600K
$603,475
$600,225
$400K $362,782 $308,813
$306,423
$321,818 $306,000
$254,483
$200K
$0
-0.5% 2019
+0.8%
+26.5%
+16.5%
+17.5%
-4.9%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from August 10, 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
July Median Percent of Last List Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120.0%
100.0%
94.0%
95.0%
95.6%
93.2%
95.4%
96.7%
98.5%
98.1%
100.0%
80.0%
60.0%
40.0%
20.0%
0.0%
-0.9% 2019
+0.4% +1.2%
+5.7% +2.8% +3.4%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from August 10, 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
July Median Percent of Last List Price | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120.0%
100.0%
96.7%
96.1%
96.6%
96.1%
97.6%
-0.1%
0.0%
+5.1%
100.0%
98.6%
+2.1% +2.3% +2.5%
98.3%
92.9%
80.0%
60.0%
40.0%
20.0%
0.0% 2019
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from August 10, 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
July Average Percent of Last List Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120.0%
100.0%
100.0% 95.5%
93.5%
95.2%
96.1%
92.9%
94.3%
-2.7%
+0.9% +0.9%
98.0%
101.1%
80.0%
60.0%
40.0%
20.0%
0.0% 2019
+7.6% +3.9% +5.2%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from August 10, 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
July Average Percent of Last List Price | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120.0%
100.0%
96.2%
95.7%
94.0%
97.5%
96.3%
95.5%
+0.1%
-0.2% +3.7%
100.3%
98.4%
99.6%
80.0%
60.0%
40.0%
20.0%
0.0% 2019
+4.2% +3.0% +2.2%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from August 10, 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
July Median Days on Market | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
200
160 150
130
129
104
102
100
85
50
41 19
0
-35.0% 2019
+52.9%
-20.9%
-81.7%
19
-68.5%
-81.4%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from August 10, 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
July Median Days on Market | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
175
150
138 125
113 105 100
75
96
70 63
50
41
41
25
11 0
+9.4%
2019
+61.4%
+119.0%
-61.0%
-63.7%
-92.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from August 10, 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
July Average Days on Market | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
200
171 158 150
144
155
143
135
100
92
55
49
50
0
-16.4% 2019
+17.0%
+7.6%
-61.5%
-41.8%
-68.4%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from August 10, 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
July Average Days on Market | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
175
153 150
145
142 133
125
118
117
112 100
100
95
75
50
25
0
+12.7% 2019
+2.1%
+30.8%
-15.8%
-31.0%
-37.9%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from August 10, 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
July Closed Sales | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
50
41 40
34
35
34
35
33 29
30
27
20
17
10
0
+58.8% 2019
-2.9%
+2.9%
+7.4%
+6.1%
+17.1%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from August 10, 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
July Closed Sales | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120
100
91
80
72 61 60
40
26 20
20
13
11 6
6 0
-15.3% 2019
+53.8%
+83.3%
+49.2%
+30.0%
-45.5%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from August 10, 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
July Homes for Sale | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
80
64 60
50 45 40
30
29 24
20
13 10 6 0
-20.0% 2019
-29.7%
-42.0%
-45.8%
-77.8%
-79.3%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from August 10, 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
July Homes for Sale | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
140
120
116
100
86 80
60
40
28
25
23 20
12
10
6
0
0
-25.9%
2019
+21.7%
+100.0%
-70.9%
-64.3%
-100.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from August 10, 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
July Pending Sales | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
50
44 41 40
37
36
35
34 30
30
26
20
17
10
0
+52.9% 2019
+17.1%
+18.9%
+15.4%
-12.2%
-22.7%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from August 10, 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
July Pending Sales | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120
103 100
87 80
70 60
40
26
24 17
20
12 6 0
5 -19.5%
2019
+100.0%
+183.3%
+47.1%
+8.3%
-70.6%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from August 10, 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
July Months Supply of Homes for Sale | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
15.0
13.2 12.5
11.4
10.0
9.3
8.9 7.2
7.5
4.7
5.0
2.8 2.5
1.3 0.8 0.0
-36.8% 2019
-32.6%
-49.5%
-61.1%
-85.4%
-83.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from August 10, 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
July Months Supply of Homes for Sale | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
17.5
15.0
14.5
12.5
10.0
9.3 8.6 7.7
7.5
6.7
5.0
4.5
2.4
2.5
1.4 0.1 0.0
-28.0% 2019
+68.6%
+71.1%
-79.1%
-83.4%
-98.7%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from August 10, 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
July New Listings | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
100
80
80
68 60
52
51
39
40
37
34
33
29 20
0
+3.0% 2019
-35.0%
-25.0%
+14.7%
-28.8%
-43.1%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from August 10, 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
July New Listings | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
175
159 150
125
113 100
92
75
50
36 30
28 25
18 11 4
0
-28.9% 2019
+28.6%
+63.6%
-18.6%
-16.7%
-77.8%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from August 10, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.