Market Report | Outer Cape YTD October 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
October Average Sales Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$2.5M
$2.0M $1,836,282
$1.5M
$1,431,449
$1,265,946 $1,150,106
$1.0M
$984,885 $884,250
$869,201 $758,740
$738,787
$0.5M
$0
+24.5% 2019
-11.7%
+2.7%
+28.3%
+45.6%
+16.5%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from November 4, 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
October Average Sales Price | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$800K $717,371
$654,889
$600K
$596,765
$395,970
$400K $365,297
$353,322
$360,000 $322,130
$300,433
$200K
$0
+9.7% 2019
+3.4%
+7.2%
+9.5%
+8.4%
+11.8%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from November 4, 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
October Median Sales Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$1.75M
$1.50M
$1,455,000
$1,297,500
$1.25M
$1,055,000 $1,023,750
$1.00M
$802,500
$790,000 $735,000
$0.75M
$602,500 $560,000
$0.50M
$0.25M
$0
+26.7% 2019
-7.0%
+7.6%
+12.1%
+43.5%
+33.2%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from November 4, 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
October Median Sales Price | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$800K
$680,000
$598,900
$600K
$515,000
$399,900
$400K
$325,000
$314,750
$309,000
$299,000
$277,000
$200K
$0
+16.3% 2019
-1.8%
+7.9%
+13.5%
+29.4%
+8.7%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from November 4, 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
October Median Days on Market | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
175
154 150
121
125
100
91
117
95
75
50
50
25
16
0
-38.3% 2019
+28.6%
-58.7%
-83.2%
19 13
-83.8%
-74.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from November 4, 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
October Median Days on Market | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120
100
100
88 83
81
80
71 64 60
40
33
33
20
17
0
-5.7% 2019
+40.8%
+26.6%
-60.2%
-67.0%
-79.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from November 4, 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
October Average Days on Market | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
200
180 168 148
150
136 128
126
100
70 47
50
0
-17.8% 2019
+23.5%
-1.6%
-68.2%
42
-58.3%
-66.7%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from November 4, 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
October Average Days on Market | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
175
150
145 137
133 125
128 119
117
100
95 78
77
-46.2%
-39.8%
75
50
25
0
+17.1% 2019
+9.0%
+7.6%
-30.7%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from November 4, 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
October New Listings | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120
97
100
92 85 80
80
60
58
55
57 52
48 40
20
0
+14.6% 2019
-17.5%
-7.6%
+5.5%
-35.0%
-32.9%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from November 4, 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
October New Listings | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
250
220 203 200
150
143
100
50
48
48
46 22
18
9 0
-7.7% 2019
0.0%
+22.2%
-29.6%
-4.2%
-59.1%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from November 4, 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
October Homes for Sale | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
80
65 60
50 41 40
33 26 22 20
13 10 6 0
-33.3% 2019
-36.9%
-48.0%
-40.9%
-75.6%
-76.9%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from November 4, 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
October Homes for Sale | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
140
120
119
100
84 80
60
40
27
26
24
20
10
9
8
1 0
-29.4% 2019
+3.8%
+12.5%
-71.4%
-63.0%
-88.9%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from November 4, 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
October Pending Sales | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
100
79
80
73 66 59
60
51
48
50
43 40
28 20
0
+53.6% 2019
+43.1%
+19.7%
+11.6%
-31.5%
-25.3%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from November 4, 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
October Pending Sales | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
200
169 149
150
132
100
50
40
36 27 18
10
9 0
+28.0%
2019
+100.0%
+200.0%
-11.8%
+11.1%
-63.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from November 4, 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
October Closed Sales | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
80
70 64 59
60
58
53
52 44 41
40
24 20
0
+83.3% 2019
+20.8%
+18.6%
-6.8%
-18.8%
-17.1%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from November 4, 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
October Closed Sales | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
175
147
150
129
127
125
100
75
50
43 33
25
23
18
9
9 0
+14.0%
2019
+83.3%
+155.6%
-13.6%
+30.3%
-60.9%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from November 4, 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
October Median Percent of Last List Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120.0%
100.0%
93.9%
94.5%
95.8%
93.6%
95.6%
98.0%
99.1%
100.0% 100.1%
80.0%
60.0%
40.0%
20.0%
0.0%
-0.3% 2019
+1.2% +2.3%
+5.9% +4.6% +2.1%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from November 4, 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
October Median Percent of Last List Price | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120.0%
100.0%
96.7%
96.3%
97.4%
96.3%
97.6%
+0.7%
0.0%
+3.7%
94.1%
99.5%
98.7% 100.0%
80.0%
60.0%
40.0%
20.0%
0.0% 2019
+2.2% +2.5% +2.5%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from November 4, 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
October Average Percent of Last List Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120.0%
100.0%
94.4%
93.0%
95.3%
97.6%
93.8%
95.1%
-0.6%
+2.3% +2.4%
100.5% 100.6%
102.5%
80.0%
60.0%
40.0%
20.0%
0.0% 2019
+7.1% +5.8% +5.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from November 4, 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
October Average Percent of Last List Price | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120.0%
100.0%
96.3%
96.2%
94.9%
97.2%
96.4%
97.0%
100.6% 99.1%
99.5%
80.0%
60.0%
40.0%
20.0%
0.0%
+0.9% +0.2% +2.2% 2019
+3.5% +2.8% +2.6%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from November 4, 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
October Dollar V olume of Closed Sales | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$100M
$80M $75,287,553
$65,829,207 $62,983,752
$60M $55,628,838 $53,111,829
$52,198,900
$51,286,500
$43,588,418
$40M
$27,602,547
$20M
$0
+128.2%
2019
+6.6%
+21.8%
+19.5%
+18.3%
-3.4%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from November 4, 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
October Dollar V olume of Closed Sales | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$120M
$100M
$96,268,633 $91,106,135
$80M
$76,982,745
$60M
$40M
$20M
$17,026,726 $12,054,805 $7,409,000
$6,359,803
$3,239,999
$2,703,900
$0
+25.1%
2019
+89.5%
+174.0%
-5.4%
+41.2%
-56.3%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from November 4, 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
October Months Supply of Homes for Sale | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
15.0
13.0 12.5
12.0
10.0
8.9 7.7 7.5
6.4
5.0
4.1 2.8 2.5
1.4 0.8 0.0
-46.7% 2019
-40.8%
-53.9%
-56.3%
-81.8%
-80.5%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from November 4, 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
October Months Supply of Homes for Sale | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
15.0
12.8 12.5
10.5 10.0
9.3
7.5
6.4 5.6
5.5 5.0
2.5
2.5
1.4 0.4 0.0
-31.2% 2019
+21.9%
+1.8%
-78.1%
-80.5%
-92.9%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from November 4, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.