Sight-seekers Extend Their Stays

In conversations I’ve had throughout the years with various individuals who decide to move here, the natural beauty of Cape Cod always comes up as one of the reasons.

This past week, we’ve been treated to a spectacular show of Right Whales feeding off Race Point and at times Herring Cove Beach. If you live here or hear this broadcast and have not witnessed this magical happening, try and see this before it ends. A whale watch from the beach is rare.

With that being said, the wonders experienced on the outer cape are breathtaking. From our sunsets and world’s most beautiful beaches to the manic culture of summer and isolation of winter, there is nowhere like the outer cape.

Why do I bring this up? Well, it seems that folks are buying on the outer cape now for the absolute love of the area, not for a quick buck to be made on a flip. This is good news for us year round residents as it means more concern and care from homeowners who vacation here.

Since 2005 the median real estate price for a single family home in Provincetown dropped 12.6% to $594,500. In Truro, a drop of 8.7% to $582,500 and Wellfleet a 10.7% drop to $500,000.

This means that a second homebuyer who missed out on opportunities before the radical appreciation of the early 2000’s can come back and make that dream of owning a vacation home on Cape Cod come true.