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2013 Provincetown Real Estate Market Review

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-  Single Family Homes: 51 Sales with an average sale price of $1,045,000 (compared to 53 sales in 2012/average sale price of $902,000)

-       -   Condominiums: 135 Sales with an average sales price of $454,000 (compared with 166 sales in 2012/average sale price of $420,000)

- Land: : 8 lots with an average sale price of $340,000 (compared with 3 sales in 2012/average sale price of $248,000)

The analysis from 3Harbors: The Provincetown real estate market continues to go from strength to strength with prices increasing in all sectors, particularly single family homes.  The decreases in the number of condo sales, while minor, is attributed to a lack of inventory. 

What's the Outlook for 2014? The Provincetown market has already more than made up for the losses that followed the recession and 2013 saw new landmark prices for properties in virtually every category.  The demand for single family homes is particularly strong, witnessed by the 15% jump in average sale price.  We have every reason to expect this trend to continue into 2014.

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