Market Report | Outer Cape YTD November 2021 PREPARED BY M ARK LYNETT
PHOTO BY MARK LYNETT
Mark Lynett
Office: (518) 879-9838 Cell: (518) 879-9838 mark.lynett@gibsonsir.com
Gibson Sotheby's International Realty
November Average Sales Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$2.5M
$2.0M $1,823,871
$1.5M
$1,455,320
$1,231,197
$1,188,329
$1.0M
$987,659
$940,993
$924,353 $758,677
$725,506
$0.5M
$0
+22.5% 2019
-6.4%
+4.6%
+25.3%
+33.2%
+24.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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
November Average Sales Price | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$1.0M
$0.8M $730,233 $671,881
$0.6M
$0.4M
$596,705
$366,086
$388,929
$394,500
+6.2%
+18.9%
$366,133 $331,833 $300,433
$0.2M
$0
+12.6% 2019
0.0%
+10.5%
+8.7%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 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
November Median Sales Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$1.75M
$1,525,000
$1.50M
$1,300,000
$1.25M $1,136,500 $1,049,500
$1.00M $827,500
$805,000 $755,000
$0.75M
$610,000 $562,500
$0.50M
$0.25M
$0
+14.4% 2019
-8.8%
+8.4%
+17.3%
+39.0%
+32.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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
November Median Sales Price | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$800K
$682,500
$614,500
$600K
$516,250
$391,450
$400K
$334,500
$327,000
$311,500
$299,000
$277,000
$200K
$0
+19.0% 2019
-4.7%
+7.9%
+11.1%
+25.7%
+11.9%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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
November New Listings | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120
100
100
97 91 86
80
64
64
61 60
54
54
40
20
0
+13.0% 2019
-14.0%
-6.2%
+4.9%
-37.2%
-29.7%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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
November New Listings | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
250
226 214 200
158 150
100
50
49
48
47 22
19
9 0
-5.3% 2019
-2.0%
+15.8%
-26.2%
-2.1%
-59.1%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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
November Homes for Sale | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
80
64 60
49
39
40
33 26 22 20
12 9 6 0
-33.3% 2019
-39.1%
-46.9%
-45.5%
-76.9%
-76.9%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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
November Homes for Sale | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
140
120
117
100
82 80
60
40
26
26
24
20
10
8
8
1 0
-29.9% 2019
0.0%
0.0%
-70.7%
-61.5%
-87.5%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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
November Pending Sales | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
100
85
84 80
70
60
67
57
55 51
50
40
34
20
0
+50.0% 2019
+47.4%
+21.4%
-2.0%
-34.5%
-21.2%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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
November Pending Sales | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
250
200
190
161 150
150
100
50
44
41 28 19
11
10 0
+26.7%
2019
+115.8%
+180.0%
-15.3%
+7.3%
-60.7%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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
November Closed Sales | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
100
78
80
73
71
66 60
57
56 50 46
40
29 20
0
+72.4% 2019
+30.4%
+18.2%
-8.0%
-21.9%
-9.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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
November Closed Sales | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
200
176
150
144
138
100
46
50
36 24
21
12
9 0
+22.2%
2019
+71.4%
+166.7%
-21.6%
+27.8%
-50.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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
November Average Days on Market | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
200
169 157 150
138
132
134 115
100
68 50
50
38
0
-20.7% 2019
+13.8%
-12.9%
-62.7%
-56.7%
-67.0%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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
November Average Days on Market | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
175
150
139 127 125
126
124
119
114 100
90 76 75
60 50
25
0
+10.5% 2019
+9.4%
+4.2%
-28.6%
-45.3%
-51.6%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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
November Median Days on Market | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
175
150
147
125
100
120
92
75
89 70
50
44
25
17
21 10
0
-52.4% 2019
-3.3%
-63.3%
-75.7%
-76.4%
-77.3%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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
November Median Days on Market | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120
98
100
87 78
80
72
69 64
60
40
32 26 20
16
0
-20.7% 2019
+36.1%
+21.9%
-62.3%
-67.3%
-79.5%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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
November Months Supply of Homes for Sale | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
15.0
12.8 12.5
11.8
10.0
8.7 7.3
7.5
6.1 5.0
4.0 2.7 2.5
1.3 0.0
-48.3% 2019
-43.0%
-54.0%
-55.7%
-82.2%
0.9 -77.5%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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
November Months Supply of Homes for Sale | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
14.0
12.0
12.0
11.0 10.0
9.2 8.0
6.1 6.0
5.6 5.1
4.0
2.5 2.0
1.4 0.4
0.0
-33.7% 2019
+9.1%
-8.9%
-77.0%
-79.2%
-92.2%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 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
November Average Percent of Last List Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120.0%
100.0%
94.3%
92.9%
94.9%
98.1%
94.2%
95.3%
-0.1%
+2.6% +3.4%
100.6% 100.0%
103.1%
80.0%
60.0%
40.0%
20.0%
0.0% 2019
+6.8% +4.9% +5.1%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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
November Average Percent of Last List Price | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120.0%
100.0%
96.4%
96.4%
94.9%
100.8%
97.6%
96.4%
97.0%
+1.2%
0.0%
+2.2%
102.3% 98.8%
80.0%
60.0%
40.0%
20.0%
0.0% 2019
+3.3% +2.5% +5.5%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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
November Median Percent of Last List Price | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120.0%
100.0%
94.0%
94.5%
95.9%
94.2%
95.6%
98.3%
99.3%
100.0% 100.5%
80.0%
60.0%
40.0%
20.0%
0.0%
+0.2% +1.2% +2.5% 2019
+5.4% +4.6% +2.2%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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
November Median Percent of Last List Price | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
120.0%
100.0%
96.8%
96.5%
97.6%
96.3%
97.5%
100.0% 98.7% 100.0%
+0.8%
-0.2% +3.6%
+2.5% +2.5% +2.6%
94.1%
80.0%
60.0%
40.0%
20.0%
0.0% 2019
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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
November Dollar V olume of Closed Sales | Single Family Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$100M
$83,898,053
$80M $72,766,002 $70,178,207 $67,477,738
$66,810,500
$59,176,829
$60M $55,308,900
$47,883,418
$40M $34,461,547
$20M
$0
+111.2%
2019
+22.0%
+23.6%
+15.3%
+4.0%
+12.9%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Single-Family Detached Each data point represents year-to-date activity. Data is from December 8, 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
November Dollar V olume of Closed Sales | Condominium Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$140M
$118,251,133
$120M
$100,772,135
$100M
$85,925,495
$80M
$60M
$40M
$20M
$17,890,726 $13,180,805 $7,964,000
$7,687,803
$4,733,999
$2,703,900
$0
+37.6%
2019
+71.5%
+194.5%
-14.8%
+35.7%
-40.6%
2020 2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town): Condo/Townhouse Each data point represents year-to-date activity. Data is from December 8, 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
November Dollar V olume of Closed Sales | All Property Types Provincetown (Town)
Truro (Town)
Wellfleet (Town)
$250M
$200M $191,017,135 $184,670,188
$150M
$120,387,042
$100M $88,068,933 $80,658,543 $71,544,499
$67,140,829
$62,996,703 $50,587,318
$50M
$0
+58.7% 2019
+28.0% 2020
+32.7%
-3.3%
+9.2%
+6.6%
2021 Provincetown (Town) & Truro (Town) & Wellfleet (Town)
Each data point represents year-to-date activity. Data is from December 8, 2021. All data from data provided by Cape Cod and Islands Association of REALTORS®. InfoSparks © 2021 ShowingTime.