MArket Statistic for Provincetown and Truro ,Ma

In the adjusting economy, real estate is still a great buy here on the Outer Cape. Our local market has encountered price adjustments, but no where near the national level you are reading about in the papers. There is nothing that compares to this picturesque fishing village nestled against the Cape Cod National Seashore, colorful nightlife, and terrific restaurants to encourage visitors from everywhere!

Condo and home values have been affected by the current economic climate, but the downward movement in values has slowed due to the finite amount of land and the uniqueness of the geographic location of Provincetown. Our sales have slowed, but we see a shift between those homeowners wishing to sell their homes or condos, and those interested in sitting on them. Instead of location, location, location now it's become price, value, and then location. This is a buyer's market, and there are sellers motivated to move on with their life. While our first quarter sales were quiet due to the testing of the confidence levels in spending in the marketplace, those properties that sold provided some great values to buyers. Here are a few statistics on the local market on the outer cape.

Provincetown

.. 74 studio and one bedroom units starting from $169,000

.. 67 two bedroom units starting from $210,000

.. 15 three bedroom units starting from $299,000

.. 20 Single family homes starting at $470,000

Truro

.. 27 studio and one bedroom units starting from $159,000

.. 21 two bedroom units starting at $189,000

.. 2 three bedroom units starting at $499,000

.. 60 single family homes starting at $399,000

Explore the possibility of owning real estate in Provincetown, Truro, or the Outer Cape. With mortgage rates at historic lows, and buyer's being in the driver's seat in this current market before it turns around, your dream could become a reality. Provincetown is all about lifestyle...Feel free to call me on my cell anytime at 203-858-8940.

Stuart Lewis

Century 21 Shoreland www.provincetownrealestate21.com