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2013 Wellfleet Real Estate Market Review

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- Single Family Homes: 78 Sales with an average sale price of $531,000 (compared to 54 sales in 2012/average sale price of $532,000)

-       -  Condominiums: 15 Sales with an average sales price of $223,000 (compared with 10 sales in 2012/average sale price of $209,000)

-  Land: 12 lots with an average sale price of $287,000 (compared with 10 sales in 2012/average sale price of $249,000)

The analysis from 3Harbors: The Wellfleet real estate market continues to improve, with prices only adjusting slightly for condos, land parcels and single family homes over the past two years.  Note that there were only 47 home sales in Wellfleet in 2011. 

What's the Outlook for 2014? The inventory of homes for sale in Wellfleet is tight, with only 59 homes on the market.  If Truro real estate prices improve as we believe they will, Wellfleet home prices should follow suit in short order.

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