Rick Tourgee - Provincetown and Cape Cod

Cape Cod Real Estate: Cost of housing in Barnstable County

02-06-08

Below is a sampler from the findings of the 2006 Workforce Housing Summit Executive Meeting:

CNA/Nurse Assistant- has an average salary of $25,597. This would afford this person to rent an apartment for $640 per month. The maximum affordable home ownerships would be $73,664.

Teacher- has an average salary of $43,262. This would afford this person to rent an apartment for $1,082 per month. The maximum affordable home ownership would be $124,500.

Police Officer- has an average salary of $47,516. This would afford this person to rent an apartment for $1,188 per month. The maximum affordable home ownership would be $136,760.

In Truro, the median income on average for a 3-4 person household is only $59,632, which would give the average household borrowing power of $225,000 while the median home price is $669,000. The difference (gap) is about $444,000!!

Barnstable County as a whole, the median 3 bedroom single family home is $349,900- which is still a huge gap!

Clearly, this is a huge concern for Cape Cod as it is largely a resort/second home community. Other resort/second home areas are dealing with the same issue!

3 Comments

Cape Cod Real Estate: Single family home sales data

01-06-08

Rick Tourgee - Provincetown and Cape Cod

Many of you have viewed my post regarding sales data in Provincetown and Truro here on Cape Cod. However, many of you have asked for data on Cape Cod closed sales as a whole since it spans all of Barnstable county here in Massachusetts. Below is the data from our MLS system of sold single family homes (3,051 homes) during 2007.

Sold
Selling Price Range	Quantity	Average DOM
$19,999 or under	1	32
$20,000 thru $29,999	2	42
$60,000 thru $69,999	2	63
$80,000 thru $89,999	2	43
$90,000 thru $99,999	2	62
$140,000 thru $159,999	5	92
$160,000 thru $179,999	10	102
$180,000 thru $199,999	25	110
$200,000 thru $249,999	196	129
$250,000 thru $299,999	450	124
$300,000 thru $349,999	494	131
$350,000 thru $399,999	376	146
$400,000 thru $449,999	255	151
$450,000 thru $499,999	195	141
$500,000 thru $549,999	158	163
$550,000 thru $599,999	141	130
$600,000 thru $649,999	104	138
$650,000 thru $699,999	79	174
$700,000 thru $749,999	59	145
$750,000 thru $799,999	58	169
$800,000 thru $849,999	42	158
$850,000 thru $899,999	51	182
$900,000 thru $949,999	26	160
$950,000 thru $999,999	28	142
$1,000,000 thru $1,249,999	79	163
$1,250,000 thru $1,499,999	58	192
$1,500,000 thru $1,749,999	33	150
$1,750,000 thru $1,999,999	32	224
$2,000,000 thru $2,249,999	21	206
$2,250,000 thru $2,499,999	16	159
$2,500,000 thru $2,749,999	6	94
$2,750,000 thru $2,999,999	12	161
$3,000,000 thru $3,249,999	7	163
$3,250,000 thru $3,499,999	6	262
$3,500,000 thru $3,749,999	3	518
$4,000,000 thru $4,249,999	1	354
$4,250,000 thru $4,499,999	4	401
$4,500,000 thru $4,749,999	1	404
$4,750,000 thru $4,999,999	3	291
$5,000,000 thru $5,999,999	3	35
$6,000,000 thru $6,999,999	3	19
$7,000,000 thru $7,999,999	1	554
$9,000,000 thru $9,999,999	1	5
	3051	144


Summary Price Information
Minimum	$17,000	Maximum	$9,175,000
Average	$566,406	Median	$392,000

0 Comments

Truro Real Estate: Sales data

01-02-08

Rick Tourgee - Provincetown and Cape Cod

In Truro, which is located one town south of Provincetown on Cape Cod, is a more rural area here on the Cape with mainly single family dwellings. Truro has a year-round population of about 2,400 people. Truro is very popular with people who want to live in a rural area- yet be only 10 minutes away from the hustle and bustle of Provincetown.

Below are stats of single family homes currently on the market in Truro here on Cape Cod. My earlier post has the stats from sold properties, which was 33 homes with an average DOM of 185.

Active
Listing Price Range	Quantity	Average DOM
$350,000 thru $399,999	1	72
$450,000 thru $499,999	6	294
$500,000 thru $549,999	2	200
$550,000 thru $599,999	8	331
$600,000 thru $649,999	4	85
$650,000 thru $699,999	2	492
$700,000 thru $749,999	5	190
$750,000 thru $799,999	4	227
$800,000 thru $849,999	3	220
$850,000 thru $899,999	4	241
$900,000 thru $949,999	3	526
$950,000 thru $999,999	2	248
$1,000,000 thru $1,249,999	8	230
$1,250,000 thru $1,499,999	6	136
$1,500,000 thru $1,749,999	4	369
$1,750,000 thru $1,999,999	8	342
$2,000,000 thru $2,249,999	1	282
$2,250,000 thru $2,499,999	1	470
$2,500,000 thru $2,749,999	3	406
$2,750,000 thru $2,999,999	2	282
$3,250,000 thru $3,499,999	1	62
$3,500,000 thru $3,749,999	1	92
$3,750,000 thru $3,999,999	1	107
$4,750,000 thru $4,999,999	1	64
$8,000,000 thru $8,999,999	1	263
	82	265


Summary Price Information
Minimum	$399,000	Maximum	$8,500,000
Average	$1,354,151	Median	$947,000

0 Comments

Truro Real Estate: Sales data

01-02-08

Rick Tourgee - Provincetown and Cape Cod

Below are the sales stats for 2007 according to our MLS system. The Days on the market of the sold properties has a lower average than Provincetown which is 245 for the sold single family homes during 2007. Not only are the days on the market lower in Truro, the volume of sold properties in Truro is higher than Provincetown's 26.

Sold
Selling Price Range	Quantity	Average DOM
$400,000 thru $449,999	3	205
$450,000 thru $499,999	5	168
$500,000 thru $549,999	4	263
$550,000 thru $599,999	6	117
$600,000 thru $649,999	2	155
$650,000 thru $699,999	5	294
$700,000 thru $749,999	1	167
$950,000 thru $999,999	2	138
$1,000,000 thru $1,249,999	1	32
$1,250,000 thru $1,499,999	2	230
$2,000,000 thru $2,249,999	1	43
$2,250,000 thru $2,499,999	1	125
	33	185


Summary Price Information
Minimum	$400,000	Maximum	$2,350,000
Average	$743,722	Median	$587,500

2 Comments

Provincetown Real Estate: Condos active on the market

01-02-08

Rick Tourgee - Provincetown and Cape Cod

My earlier post was of sold condos in Provincetown on Cape Cod during 2007. As I stated, volume was up about 10% in 2007 compared to 2006. However, below are the numbers for currently active condos listed for sale on our MLS system. We still have about a years worth of inventory!

Active
Listing Price Range	Quantity	Average DOM
$20,000 thru $29,999	2	221
$30,000 thru $39,999	1	16
$40,000 thru $49,999	1	56
$50,000 thru $59,999	1	39
$100,000 thru $119,999	1	149
$120,000 thru $139,999	1	39
$140,000 thru $159,999	2	31
$160,000 thru $179,999	5	66
$180,000 thru $199,999	2	122
$200,000 thru $249,999	9	148
$250,000 thru $299,999	9	118
$300,000 thru $349,999	16	202
$350,000 thru $399,999	25	189
$400,000 thru $449,999	9	131
$450,000 thru $499,999	15	159
$500,000 thru $549,999	4	125
$550,000 thru $599,999	12	222
$600,000 thru $649,999	4	53
$650,000 thru $699,999	9	259
$700,000 thru $749,999	2	493
$750,000 thru $799,999	9	264
$800,000 thru $849,999	2	149
$850,000 thru $899,999	2	219
$950,000 thru $999,999	2	208
$1,000,000 thru $1,249,999	1	130
$1,250,000 thru $1,499,999	2	51
$1,500,000 thru $1,749,999	1	130
	149	174


Summary Price Information
Minimum	$29,000	Maximum	$1,595,000
Average	$466,112	Median	$399,000

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Rick Tourgee - Provincetown and Cape Cod
Century 21 Shoreland

Rick Tourgee - Provincetown and Cape Cod: Real Estate Agent in Provincetown, MA

Office: (508) 487-6002 x1

Mobile: (508) 237-4632

Real estate sales in Provincetown, Truro, Wellfleet and all of Cape Cod. With offices in Provincetown and Hyannis to better serve our clients! Visit my website at www.ricktourgee.com

About me:

Being a native New Englander, spending most of my early years in Rhode Island, I truly love and appreciate the quality of life here on Cape Cod. My entire career has been in sales. I started of selling chemical raw materials for the paint, ink, and plastics industry. However, even though I really enjoyed sales and working with people, chemical raw materials was not in my blood. Since I already owned a condo as a second home here in Provincetown, it made sense to start a new career selling real estate agent here on the most beautiful place in New England!

Since getting my license as a Real Estate Agent on Cape Cod, I went on to get my Broker's license after only 1 year as a Real Estate Sales Agent. In 2003 I joined The Cape & The Islands Association of Realtors and the Multiple Listing Service (MLS) in order to serve my clients and customers in the most efficient and effective manner. In February 2004 I attended a real estate Buyers Agent course in order to represent Buyers and their best interest. I am one of very few Real Estate Brokers with the ABR certification. In March 2004 I attended the Resort & Second Home Niche Markets course which specializes in training for a Real Estate Agent who sells in resort areas, such as Cape Cod. I believe in obtaining as much education as possible in order to better serve my customers and clients.

My real estate sales record here on Cape Cod speaks for itself. My goal as an agent is to provide a high level of satisfaction through a maintained commitment to integrity, honesty, and open & consistent communication with clients and customers. Read some customer testimonials to see what they have to say about the level of my service. Feel free to call or e-mail me at anytime with any questions!

Areas of Expertise

As a resort area/second home specialist located in Provincetown, I specialize in sales of residential and commercial real estate properties all over Cape Cod, Massachusetts with emphasis in Provincetown, Truro and the surrounding area. I have a wide variety of Provincetown real estate homes, condos, townhouses, guest houses, vacation homes, apartments, cottages and water view properties to show potential Buyers.

I am able to show you any Cape Cod or Provincetown property listed for sale -- regardless of the listing agency. Whether you are a Buyer or Seller, my goal is to provide a high level of satisfaction due to my commitment to integrity, honesty, and open & consistent communication with clients and customers.

Looking for a Buyer's Agent? Looking for someone who will represent you with your Cape Cod or Provincetown real estate transactions and look out for your best interest? See the benefits of working with a buyer's representative or contact me!

Want to keep up to date on real estate news here on Cape Cod, be sure to visit my blog on a regular basis! My goal is to be your Real Estate Adviser, not a salesman!

Testimonials

From Carolyn B: I had been looking for an investment property for about two years down the cape. I used various real estate agents, and looked at several properties every weekend. One day I went into Peter Karl realty and was introduced to Rick Tourgee. I have to admit, when I saw his big smile I liked him immediately, and when he mentioned that he represented the "BUYER", that put a "BIG" smile on my face!!.....I told Rick I wasn't looking for anything fancy, and I wanted to purchase a house/condo to rent out to vacationers. Well, he totally knew what I wanted and showed me a great place in North Truro. The look and the price was just right!!! Rick is truly a person who dosn't take anything for granted and he truly enjoys finding that special place for his clients. Thanks Rick!!!!!

From Russ Olevsky: Rick Tourgee Rocks! I met Rick 5 years ago on a short visit to Provincetown. Two days later I purchased one half of a duplex. As any good realtor would do, he talked me into purchasing the other half of the duplex. He has represented me now in 5 transactions in Provincetown and I have been thrilled with the way he has handled everyone. He is thorough, organized and very good at what he does! I believe Rick really enjoys being a realtor and it shows. He is always looking out for his client's best interests. To be honest I don't like realtors (except for Rick). And I tell him that all the time. :-} I have worked with many realtors over the years and have never gone back to the same one until I met him. Rick this testimonial is long overdue. Thanks Again!

Rick Tourgee - Provincetown and Cape Cod

Cape Cod Real Estate: Cost of housing in Barnstable County

Cape Cod Real Estate: Single family home sales data

Truro Real Estate: Sales data

Truro Real Estate: Sales data

Provincetown Real Estate: Condos active on the market

Rick Tourgee - Provincetown and Cape CodCentury 21 Shoreland

About me:

Areas of Expertise

Testimonials

Rick Tourgee - Provincetown and Cape Cod
Century 21 Shoreland