Market Report | YTD August 2021 | Outer Cape Presented by Mark Lynett
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Average Sales Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$2.0M
$1,705,228
$1.5M $1,302,580
$1,291,241 $1,189,807
$1.0M
$936,683 $875,780 $779,961 $698,731
$673,973
$0.5M
$0
-0.9% 2019
-16.7%
-3.5%
+32.1%
+52.5%
+29.9%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Average Sales Price | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$800K
$698,383
$600K
$604,645 $571,752
$400K
$382,778
$367,575 $337,598
$273,625
$324,156
$285,421
$200K
$0
+5.8% 2019
+34.3%
+18.3%
+15.5%
+4.1%
-4.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Median Sales Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$1.75M
$1.50M $1,402,500
$1.25M
$1,230,000
$1,210,000
$1.00M
$0.75M
$957,500
$759,000
$746,012 $690,000 $583,500 $549,500
$0.50M
$0.25M
$0
+1.7% 2019
-7.5%
+6.2%
+14.0%
+38.8%
+30.1%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Median Sales Price | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$800K
$648,456
$600K
$580,000
$504,500
$400K $325,000
$310,000
$305,750 $288,500
$299,500
$227,250
$200K
$0
+15.0% 2019
+43.0%
+6.0%
+11.8%
-4.6%
-2.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Average Days on Market | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
175
150
143
144
149
149
136 129 123
125
100
75
70 56
50
25
0
+9.6% 2019
+4.2%
-10.4%
-53.0%
-17.4%
-56.6%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Average Days on Market | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
175
155 150
140 132 125
132
118
116
115 96
100
100
75
50
25
0
+11.9% 2019
-9.7%
-12.1%
-12.9%
-31.4%
-13.8%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Median Days on Market | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
150
134 125
116
114
101 100
93
75
54 48
50
33 25
20
0
+12.9% 2019
+44.1%
-53.4%
-71.1%
-64.2%
-63.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Median Days on Market | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120
105 100
94 85
82
78
80
61 60
49 41
40
-61.0%
-48.7%
40
20
0
+14.6% 2019
+72.1%
-8.2%
-47.9%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August New Listings | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
140
120
114 106
100
83 77
80
77 67
60
69
57
55
40
20
0
+3.6% 2019
-32.5%
-21.7%
+17.5%
-10.4%
-7.2%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August New Listings | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
300
250
239
195
200
185
150
100
50
57
48
46 24
19 0
11 -18.4%
2019
+18.8%
+26.3%
-5.1%
-19.3%
-54.2%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Homes for Sale | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
80
66 60
51 48
40
33
32 27
20
14
15 10
0
-18.2% 2019
-27.3%
-37.3%
-48.1%
-68.8%
-68.8%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Homes for Sale | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
140
120
113
100
94
80
60
38
40
28 22 20
13
10
7
1 0
-16.8% 2019
+27.3%
+42.9%
-59.6%
-53.6%
-90.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Pending Sales | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
100
84
85
+37.7%
+6.3%
80
80
71 66 61 60
53
50
40
32
20
0
+56.3% 2019
-7.6%
+12.7%
+6.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Pending Sales | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
250
221 200
163 152 150
100
49
50
32
25
23 14
0
13 -6.7%
2019
+28.0%
+64.3%
+45.4%
+53.1%
-43.5%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Closed Sales | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
100
84 80
87
77
65
66 60
60
52 43 40
38
20
0
+13.2% 2019
-7.7%
+16.7%
+20.9%
+40.0%
+13.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Closed Sales | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
250
216 200
155 150
143
100
44
50
35 24
20
14 0
-7.7% 2019
+45.8%
+42.9%
16 +51.0%
+25.7%
-20.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Median Percent of Last List Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120.0%
100.0%
95.2%
94.5%
96.0%
96.4%
94.2%
94.8%
-1.1%
+0.3% +0.4%
98.3%
97.1%
100.0%
80.0%
60.0%
40.0%
20.0%
0.0% 2019
+4.4% +2.4% +3.7%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Median Percent of Last List Price | Condominiums Barnstable County
Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120.0%
100.0%
97.1%
96.7%
97.8%
96.1%
96.9%
96.3% 97.7%
100.0%
98.3%
97.9%
100.0%
92.6%
80.0%
60.0%
40.0%
20.0%
0.0%
+0.7% +0.2% +0.2% +5.5%
2019
+2.2% +1.4% +1.7% +2.4%
2020 2021 Barnstable County & Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Dollar V olume of Closed Sales | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$120M
$99,943,788
$100M $88,671,878
$80M
$76,192,829
$60,884,413
$60M $55,523,377 $51,895,918 $49,498,047 $46,797,650
$46,116,250
$40M
$20M
$0
+12.2%
2019
-23.1%
+12.5%
+59.7%
+113.6%
+46.8%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Dollar V olume of Closed Sales | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$175M
$150,850,798
$150M
$125M
$100M $88,621,570
$86,464,195
$75M
$50M
$25M $16,842,226 $12,865,108 $6,567,000
$0
$6,751,950
$3,995,900
-2.4% 2019
+95.9%
+69.0%
$5,186,499
+74.5%
+30.9%
-23.2%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Months Supply of Homes for Sale | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
17.5
15.0
14.0 12.8 12.5
10.0
9.5
9.5 8.4
7.5
5.2 5.0
3.1 2.1
2.5
1.3 0.0
-34.4% 2019
-32.1%
-45.3%
-63.1%
-77.9%
-75.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
August Months Supply of Homes for Sale | Condominiums Provincetown (Town)
Truro (Town)
Wellfleet (Town)
17.5
15.0
14.4
12.5
10.0
8.9
8.5 7.3
7.5
5.0
7.1
4.4 3.6 2.3
2.5
0.3 0.0
-18.0% 2019
+69.4%
+61.4%
-68.5%
-75.0%
-95.8%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point is 12 months of activity. Data is from September 9, 2021.
All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.