Stuart Lewis's Provincetown Real Estate Market Beat

TIP SHEET FOR BUYERS OF PROPERTY ON CAPE COD

In the adjusting economy, real estate is a great buy here on the outer Cape. Our local market has encountered changes, but no where near the national level you are reading about in the papers. Provincetown is unique with high speed ferry service from Boston, daily flights on Cape Air, expanded boat service from Plymouth and new this summer from Glouster, MA. 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!

I thought you would enjoy a few of the local statistics about the market. Currently, we have

.. 85 studio and one bedroom units starting from $145,000

.. 71 two bedrooms units starting from $285,000

.. 22 three to four bedroom units starting from $360,000

Some of the features to consider when establishing your criteria for a property should be based on your living and lifestyle profile. Important variables to consider are

.. Property should have parking

.. Property should have an exclusive use outdoor area

.. Water-views is always desired, thus property with water-views should have a stronger re- sale value

.. The higher the number of bedrooms, the better!! Studios are harder to rent and harder to sell in most cases, but still good to get into the market

I would like to encourage you to search for a home or condo with MLS Property Finder compliments of Century 21 Shoreland for properties in your interested area. Contact us about this terrific program as my customers love the system, its ease to navigate through, and the ability to change personal search criteria. Provincetown, Hyannis, or anywhere on Cape Cod!

Stuart Lewis

Century 21 Shoreland

Provincetown, Truro, and Cape Cod

1-203-858-8940 cell

www.provincetownrealestate21.com