Blog :: 11-2012

Accelerating Housing Market on the Outer Cape

A recent news story based on a report from the Warren Group, a Boston based firm that tracks the real estate industry, caught our eye.  It stated that real estate sales in the state for the month of October jumped twenty percent over last years' and that 2012 sales to date were now past the total for all of 2011.  We've been really busy too and it got us to check out the statistics for homes sales in Truro, Wellfleet and Provincetown.

The results surprised even us.  Based on MLS data, Wellfleet property sales in 2011 totaled $ 30,334,286 and as of 11/28/12 they are already at $39,519,155.  Truro's result for 2011 was $32,050,703 and we're presently at $45,869,180.  Provincetown, which has been experiencing a big bounce for some time saw sales totals of $84,270,775 and their number to date is $102,980.690. We typically see sales registering just before the New Year so these numbers could rise significantly.

While we have yet to see solid evidence of price increases in Truro or Wellfleet, Provincetown is certainly experiencing price jumps.  With rates so low, it really is time to move!

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              Provincetown's Lobster Pot Christmas Tree

              For nine years Julian Popko and his family have constructed the lobster pot Christmas tree at Lopes Square.

              Julian and his wife, Mary, came here on their honeymoon in 1964, and have owned a home in Truro since 1975. While their primary home is in Springfiled, MA, they wanted to give back to the community here on the Outer Cape.

              We love this year's tree - especially the brightly lit fantastical buoys. Check out the facebook page for the tree here: https://www.facebook.com/ProvincetownLobsterPotTree

              Lobster Pot Christmas Tree

               

              Video of the tree lighting

               

               

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