Local Market Update – February 2021 A Research tool provided by the Cape Cod and Islands Association of REALTORS®, Inc.
Provincetown February
Single-Family Properties Key Metrics
Year to Date
2020
2021
+/–
Pending Sales
2
5
+ 150.0%
Closed Sales
3
0
- 100.0%
$1,615,000
$0
- 100.0%
$1,212,500
Median Sales Price*
2020
2021
+/–
4
8
+ 100.0%
8
7
- 12.5%
$1,455,000
+ 20.0%
Inventory of Homes for Sale
28
10
- 64.3%
--
--
--
Months Supply of Inventory
9.1
2.1
- 76.9%
--
--
--
Cumulative Days on Market Until Sale
118
0
- 100.0%
180
69
- 61.7%
90.0%
0.05
- 94.4%
84.2%
95.0%
+ 12.8%
5
4
- 20.0%
7
7
0.0%
Percent of Original List Price Received* New Listings
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February
Condominium Properties Key Metrics
Year to Date
2020
2021
+/–
2020
2021
+/–
Pending Sales
8
16
+ 100.0%
18
32
+ 77.8%
Closed Sales
11
13
+ 18.2%
21
22
+ 4.8%
Median Sales Price*
$700,000
$789,000
+ 12.7%
$682,500
$722,500
+ 5.9%
Inventory of Homes for Sale
82
31
- 62.2%
--
--
--
Months Supply of Inventory
5.9
1.8
- 69.5%
--
--
--
Cumulative Days on Market Until Sale Percent of Original List Price Received* New Listings
146
242
+ 65.8%
145
189
+ 30.3%
93.2%
91.6%
- 1.7%
93.5%
94.9%
+ 1.5%
14
8
- 42.9%
25
19
- 24.0%
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single-Family Properties Rolling 12-Month Calculation
Median Sales Price – Condominium Properties Rolling 12-Month Calculation
Barnstable County —
Barnstable County — Provincetown —
Provincetown — $1,400,000
$700,000
$1,200,000
$600,000
$1,000,000 $500,000 $800,000 $400,000 $600,000 $300,000
$400,000
$200,000 1-2011
7-2012
1-2014
7-2015
1-2017
7-2018
1-2020
$200,000 1-2011
7-2012
1-2014
7-2015
1-2017
7-2018
1-2020
All data from the Cape Cod and Islands Association of REALTORS®, Inc. Report © 2021 ShowingTime.
Local Market Update – February 2021 A Research tool provided by the Cape Cod and Islands Association of REALTORS®, Inc.
Truro February
Single-Family Properties Key Metrics
Year to Date
2020
2021
+/–
2020
2021
Pending Sales
4
9
+ 125.0%
7
12
+ 71.4%
Closed Sales
1
5
+ 400.0%
4
8
+ 100.0%
$1,195,000
$722,000
- 39.6%
$895,000
$839,500
- 6.2%
Median Sales Price*
+/–
Inventory of Homes for Sale
49
8
- 83.7%
--
--
--
Months Supply of Inventory
9.8
1.0
- 89.8%
--
--
--
Cumulative Days on Market Until Sale
37
255
+ 589.2%
172
167
- 2.9%
93.7%
89.9%
- 4.1%
86.5%
92.5%
+ 6.9%
10
3
- 70.0%
13
7
- 46.2%
Percent of Original List Price Received* New Listings
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February
Condominium Properties Key Metrics
Year to Date
2020
2021
+/–
2020
2021
+/–
Pending Sales
2
3
+ 50.0%
4
7
+ 75.0%
Closed Sales
2
3
+ 50.0%
5
5
0.0%
Median Sales Price*
$324,500
$295,000
- 9.1%
$355,000
$260,000
- 26.8%
Inventory of Homes for Sale
28
10
- 64.3%
--
--
--
Months Supply of Inventory
15.3
2.5
- 83.7%
--
--
--
Cumulative Days on Market Until Sale Percent of Original List Price Received* New Listings
119
147
+ 23.5%
122
187
+ 53.3%
85.8%
96.0%
+ 11.9%
93.6%
94.9%
+ 1.4%
5
3
- 40.0%
11
5
- 54.5%
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single-Family Properties Rolling 12-Month Calculation
Median Sales Price – Condominium Properties Rolling 12-Month Calculation
Barnstable County —
Barnstable County — Truro —
Truro — $900,000
$600,000
$800,000
$500,000
$700,000 $400,000 $600,000 $300,000 $500,000 $200,000
$400,000
$300,000 1-2011
7-2012
1-2014
7-2015
1-2017
7-2018
1-2020
$100,000 1-2011
7-2012
1-2014
7-2015
1-2017
7-2018
1-2020
All data from the Cape Cod and Islands Association of REALTORS®, Inc. Report © 2021 ShowingTime.
Local Market Update – February 2021 A Research tool provided by the Cape Cod and Islands Association of REALTORS®, Inc.
Wellfleet February
Single-Family Properties Key Metrics
2020
2021
Year to Date +/–
2020
2021
+/–
Pending Sales
4
7
+ 75.0%
9
11
+ 22.2%
Closed Sales
4
14
+ 250.0%
8
20
+ 150.0%
$582,000
$744,500
+ 27.9%
$602,000
$752,000
+ 24.9%
Median Sales Price* Inventory of Homes for Sale
28
7
- 75.0%
--
--
--
Months Supply of Inventory
4.5
0.8
- 82.2%
--
--
--
Cumulative Days on Market Until Sale
93
22
- 76.3%
173
35
- 79.8%
90.8%
103.3%
+ 13.8%
88.7%
100.4%
+ 13.2%
5
4
- 20.0%
11
6
- 45.5%
Percent of Original List Price Received* New Listings
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February
Condominium Properties Key Metrics
Year to Date
2020
2021
+/–
2020
2021
+/–
Pending Sales
2
1
- 50.0%
2
3
+ 50.0%
Closed Sales
2
0
- 100.0%
2
2
0.0%
Median Sales Price*
$316,500
$0
- 100.0%
$316,500
$290,000
- 8.4%
Inventory of Homes for Sale
11
0
- 100.0%
--
--
--
Months Supply of Inventory
8.0
0.0
- 100.0%
--
--
--
Cumulative Days on Market Until Sale Percent of Original List Price Received* New Listings
168
0
- 100.0%
168
11
- 93.5%
93.6%
0.0%
- 100.0%
93.6%
93.9%
+ 0.3%
3
1
- 66.7%
4
1
- 75.0%
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single-Family Properties Rolling 12-Month Calculation
Median Sales Price – Condominium Properties Rolling 12-Month Calculation
Barnstable County —
Barnstable County — Wellfleet —
Wellfleet — $700,000
$400,000
$350,000 $600,000
$300,000 $500,000 $250,000
$400,000 $200,000
$300,000 1-2011
7-2012
1-2014
7-2015
1-2017
7-2018
1-2020
$150,000 1-2011
7-2012
1-2014
7-2015
1-2017
7-2018
1-2020
All data from the Cape Cod and Islands Association of REALTORS®, Inc. Report © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
February Pending Sales Provincetown (Town)
Truro (Town)
Wellfleet (Town)
50
40
40
30
22 20
19
18
14 10
8
0
11
+37.5%
+37.5%
8
+22.2% 2019
11
2020
+81.8%
+72.7%
+27.3%
2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town) Each data point represents year-to-date activity. Data is from March 19, 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
February Average Sales Price - By Property Type Condo/Townhouse
Single-Family Detached
Condo/Townhouse
Single-Family Detached Condo/Townhouse
Single-Family Detached
$2.0M
$1,642,143
$1.5M
$1,295,000 $1,238,125
$1,051,625
$994,063
$1.0M
$977,213 $901,100
$876,000
$825,600 $743,361
$692,286
$624,250
$0.5M $389,051 $316,500
$305,000
$287,800 $290,000
$210,333
$0
-4.4%
2019
+6.1% +5.8%
2020 Single-Family Detached
+32.6% +11.6% -14.3%
2021
2019
+10.9% +85.0% +3.8%
+7.4% -26.0% -8.4%
2020
2021
Condo/Townhouse
Provincetown (Town) & Truro (Town) & Wellfleet (Town) Each data point represents year-to-date activity. Data is from March 19, 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
February Median Sales Price - By Property Type Condo/Townhouse
Single-Family Detached
Condo/Townhouse
Single-Family Detached Condo/Townhouse
Single-Family Detached
$1.75M
$1.50M
$1,455,000
$1,425,000
$1.25M
$1.00M
$1,212,500
$993,000 $895,000 $839,500 $752,000
$0.75M
$722,500
$682,500 $602,000
$519,000
$512,500
$0.50M
$355,000 $316,500
$305,000
$290,000 $260,000
$0.25M $193,000
$0 2019
-14.9% -9.9% +17.5%
+20.0% -6.2% +24.9%
2020
2021
Single-Family Detached
2019
+31.5% +83.9% +3.8%
+5.9% -26.8% -8.4%
2020
2021
Condo/Townhouse
Provincetown (Town) & Truro (Town) & Wellfleet (Town) Each data point represents year-to-date activity. Data is from March 19, 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
February New Listings Provincetown (Town)
Truro (Town)
Wellfleet (Town)
40
32
32 30
26
24
20
15
15 13
12
10
7
0
0.0% 2019
+84.6% 2020
0.0%
-18.8%
-50.0%
-53.3%
2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town) Each data point represents year-to-date activity. Data is from March 19, 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
February Homes for Sale Provincetown (Town)
Truro (Town)
Wellfleet (Town)
140
120
117 108
100
80
73
69 60
47
47 39
40
22 20
9 0
-7.7% 2019
+5.8% 2020
-17.0%
-56.5%
-69.9%
-76.9%
2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town) Each data point represents year-to-date activity. Data is from March 19, 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
February Closed Sales Provincetown (Town)
Truro (Town)
Wellfleet (Town)
35
30
29
29
25
22 20
15
15 13
10
8
9
9
10
5
0
+93.3%
2019
+12.5%
2020
+11.1%
0.0%
+44.4%
+120.0%
2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town) Each data point represents year-to-date activity. Data is from March 19, 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
February Dollar Volume of Closed Sales Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$35M
$30M $27,848,948
$25M
$24,443,000
$20M $18,602,000
$15M
$11,376,000
$10M
$9,256,700
$9,046,000
$8,257,500
$5,449,255
$5M
$4,759,000
$0
+114.9%
2019
+14.5%
2020
+9.5%
+13.9%
+69.9%
+105.6%
2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town) Each data point represents year-to-date activity. Data is from March 19, 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
February Median Days on Market Provincetown (Town)
Truro (Town)
Wellfleet (Town)
175
150
137
132 125
105 100
105
98 83
75
63 48
50
25
17
0
-20.5% 2019
+7.1% 2020
-39.4%
-40.0%
-54.3%
-79.5%
2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town) Each data point represents year-to-date activity. Data is from March 19, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.