As I stated in an earlier post, I am thrilled to announce really good news for Buyers and Sellers of Provincetown real estate! Activity of Buyers signing contracts has surged dramatically not only during the 3rd quarter- but, it is continuing well into the 4th quarter!
To demonstrate how active the market has been, YTD according to our Cape Cod & Islands MLS service, there have been 128 sales/closings of all properties across all price ranges. However, as of today, December 3 there are 37 properties that now have a signed contract! Most of these properties should close within the next 4-6 weeks or so. To see what has actually closed in Provincetown in 2009, visit my recent sales page.
Since Provincetown is primarily a second home market, the first time home buyer tax credit has no bearing on the reason for the growth in sales. However, mortgage rates are at an all time low, Buyers have been holding off and now there is pent up demand…………and without question- Provincetown offers a life style like no other resort area and has a limited supply of properties.
Inventory is till plentiful- but, dwindling as premier properties are selling. Many people earlier have put their buying decisions hold to “see what happens”. I am highly advising my Buyers to not wait any longer if there are ready, willing and able to purchase a condo or home here in Provincetown.
Please visit my Provincetown real estate website to see a sampling of available properties. Please feel free to call me at 508-237-4632 should you wish to discuss your personal goals and objectives of buying a second home here on Cape Cod.
