Home Matters

        Provincetown Real Estate

      January 1 - May 31 2009

        The Market Overall

The Provincetown real estate market, like the second home market nationwide, experienced a challenging first half year. Total dollar volume of sales for January through May dropped from $36,613,000 in 2008 to $10,528,000 in 2009, a decline of 70%.

Single Family Sales

Single family sales volume decreased from $11,849,000 in 2008, to $4,353,500; the number of homes sold decreased from 14 to 5. Average price edged up a bit, marketing time increased a lot.

Condominium SalesCondominium sales dropped precipitously: dollar volume declined from $16 million (2008) to

$4 million (2009); the number of properties sold fell from 49 units(2008) to 13(2009).  Average price declined again.

Income Property, Lots & Land & Guest Houses

There were three multi family sales this year, vs two in 2008; two lots sold(none in  2008)and no guest house sales at all.

                                                              for more detail, contact:

                Harborside Realty  lenbowen@comcast.net    (508)-989-5461