November Real Estate Market Report

Market Report | Outer Cape YTD November 2021 PREPARED BY M ARK LYNETT

PHOTO BY MARK LYNETT

Mark Lynett

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

Gibson Sotheby's International Realty

November Average Sales Price | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

$2.5M

$2.0M $1,823,871

$1.5M

$1,455,320

$1,231,197

$1,188,329

$1.0M

$987,659

$940,993

$924,353 $758,677

$725,506

$0.5M

$0

+22.5% 2019

-6.4%

+4.6%

+25.3%

+33.2%

+24.0%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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

November Average Sales Price | Condominium Provincetown (Town)

Truro (Town)

Wellfleet (Town)

$1.0M

$0.8M $730,233 $671,881

$0.6M

$0.4M

$596,705

$366,086

$388,929

$394,500

+6.2%

+18.9%

$366,133 $331,833 $300,433

$0.2M

$0

+12.6% 2019

0.0%

+10.5%

+8.7%

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

November Median Sales Price | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

$1.75M

$1,525,000

$1.50M

$1,300,000

$1.25M $1,136,500 $1,049,500

$1.00M $827,500

$805,000 $755,000

$0.75M

$610,000 $562,500

$0.50M

$0.25M

$0

+14.4% 2019

-8.8%

+8.4%

+17.3%

+39.0%

+32.0%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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

November Median Sales Price | Condominium Provincetown (Town)

Truro (Town)

Wellfleet (Town)

$800K

$682,500

$614,500

$600K

$516,250

$391,450

$400K

$334,500

$327,000

$311,500

$299,000

$277,000

$200K

$0

+19.0% 2019

-4.7%

+7.9%

+11.1%

+25.7%

+11.9%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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

November New Listings | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

120

100

100

97 91 86

80

64

64

61 60

54

54

40

20

0

+13.0% 2019

-14.0%

-6.2%

+4.9%

-37.2%

-29.7%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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

November New Listings | Condominium Provincetown (Town)

Truro (Town)

Wellfleet (Town)

250

226 214 200

158 150

100

50

49

48

47 22

19

9 0

-5.3% 2019

-2.0%

+15.8%

-26.2%

-2.1%

-59.1%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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

November Homes for Sale | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

80

64 60

49

39

40

33 26 22 20

12 9 6 0

-33.3% 2019

-39.1%

-46.9%

-45.5%

-76.9%

-76.9%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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

November Homes for Sale | Condominium Provincetown (Town)

Truro (Town)

Wellfleet (Town)

140

120

117

100

82 80

60

40

26

26

24

20

10

8

8

1 0

-29.9% 2019

0.0%

0.0%

-70.7%

-61.5%

-87.5%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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

November Pending Sales | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

100

85

84 80

70

60

67

57

55 51

50

40

34

20

0

+50.0% 2019

+47.4%

+21.4%

-2.0%

-34.5%

-21.2%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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

November Pending Sales | Condominium Provincetown (Town)

Truro (Town)

Wellfleet (Town)

250

200

190

161 150

150

100

50

44

41 28 19

11

10 0

+26.7%

2019

+115.8%

+180.0%

-15.3%

+7.3%

-60.7%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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

November Closed Sales | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

100

78

80

73

71

66 60

57

56 50 46

40

29 20

0

+72.4% 2019

+30.4%

+18.2%

-8.0%

-21.9%

-9.0%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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

November Closed Sales | Condominium Provincetown (Town)

Truro (Town)

Wellfleet (Town)

200

176

150

144

138

100

46

50

36 24

21

12

9 0

+22.2%

2019

+71.4%

+166.7%

-21.6%

+27.8%

-50.0%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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

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

Truro (Town)

Wellfleet (Town)

200

169 157 150

138

132

134 115

100

68 50

50

38

0

-20.7% 2019

+13.8%

-12.9%

-62.7%

-56.7%

-67.0%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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

November Average Days on Market | Condominium Provincetown (Town)

Truro (Town)

Wellfleet (Town)

175

150

139 127 125

126

124

119

114 100

90 76 75

60 50

25

0

+10.5% 2019

+9.4%

+4.2%

-28.6%

-45.3%

-51.6%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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

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

Truro (Town)

Wellfleet (Town)

175

150

147

125

100

120

92

75

89 70

50

44

25

17

21 10

0

-52.4% 2019

-3.3%

-63.3%

-75.7%

-76.4%

-77.3%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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

November Median Days on Market | Condominium Provincetown (Town)

Truro (Town)

Wellfleet (Town)

120

98

100

87 78

80

72

69 64

60

40

32 26 20

16

0

-20.7% 2019

+36.1%

+21.9%

-62.3%

-67.3%

-79.5%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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

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

Truro (Town)

Wellfleet (Town)

15.0

12.8 12.5

11.8

10.0

8.7 7.3

7.5

6.1 5.0

4.0 2.7 2.5

1.3 0.0

-48.3% 2019

-43.0%

-54.0%

-55.7%

-82.2%

0.9 -77.5%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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

November Months Supply of Homes for Sale | Condominium Provincetown (Town)

Truro (Town)

Wellfleet (Town)

14.0

12.0

12.0

11.0 10.0

9.2 8.0

6.1 6.0

5.6 5.1

4.0

2.5 2.0

1.4 0.4

0.0

-33.7% 2019

+9.1%

-8.9%

-77.0%

-79.2%

-92.2%

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

November Average Percent of Last List Price | Single Family Provincetown (Town)

Truro (Town)

Wellfleet (Town)

120.0%

100.0%

94.3%

92.9%

94.9%

98.1%

94.2%

95.3%

-0.1%

+2.6% +3.4%

100.6% 100.0%

103.1%

80.0%

60.0%

40.0%

20.0%

0.0% 2019

+6.8% +4.9% +5.1%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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

November Average Percent of Last List Price | Condominium Provincetown (Town)

Truro (Town)

Wellfleet (Town)

120.0%

100.0%

96.4%

96.4%

94.9%

100.8%

97.6%

96.4%

97.0%

+1.2%

0.0%

+2.2%

102.3% 98.8%

80.0%

60.0%

40.0%

20.0%

0.0% 2019

+3.3% +2.5% +5.5%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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

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

Truro (Town)

Wellfleet (Town)

120.0%

100.0%

94.0%

94.5%

95.9%

94.2%

95.6%

98.3%

99.3%

100.0% 100.5%

80.0%

60.0%

40.0%

20.0%

0.0%

+0.2% +1.2% +2.5% 2019

+5.4% +4.6% +2.2%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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

November Median Percent of Last List Price | Condominium Provincetown (Town)

Truro (Town)

Wellfleet (Town)

120.0%

100.0%

96.8%

96.5%

97.6%

96.3%

97.5%

100.0% 98.7% 100.0%

+0.8%

-0.2% +3.6%

+2.5% +2.5% +2.6%

94.1%

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 December 8, 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

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

Truro (Town)

Wellfleet (Town)

$100M

$83,898,053

$80M $72,766,002 $70,178,207 $67,477,738

$66,810,500

$59,176,829

$60M $55,308,900

$47,883,418

$40M $34,461,547

$20M

$0

+111.2%

2019

+22.0%

+23.6%

+15.3%

+4.0%

+12.9%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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

November Dollar V olume of Closed Sales | Condominium Provincetown (Town)

Truro (Town)

Wellfleet (Town)

$140M

$118,251,133

$120M

$100,772,135

$100M

$85,925,495

$80M

$60M

$40M

$20M

$17,890,726 $13,180,805 $7,964,000

$7,687,803

$4,733,999

$2,703,900

$0

+37.6%

2019

+71.5%

+194.5%

-14.8%

+35.7%

-40.6%

2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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

November Dollar V olume of Closed Sales | All Property Types Provincetown (Town)

Truro (Town)

Wellfleet (Town)

$250M

$200M $191,017,135 $184,670,188

$150M

$120,387,042

$100M $88,068,933 $80,658,543 $71,544,499

$67,140,829

$62,996,703 $50,587,318

$50M

$0

+58.7% 2019

+28.0% 2020

+32.7%

-3.3%

+9.2%

+6.6%

2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town)

Each data point represents year-to-date activity. Data is from December 8, 2021.

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