Summer, Start Your Engines

Happy Memorial Day week and thus another tourist season is kicked off here on Cape Cod. Since the summer has unofficially started, lets kick it off with a repeat favorite silly closing table from last year.

The real estate market has continued its correction since last Memorial Day when we explored the value of the Pilgrim Monument. I still wonder, how a potential listing price has been impacted in the past year. 

With the market showing a 28% increase in sales in Provincetown for the first quarter 2008, this excitement could be used to market the monument and get it sold. Use the wow factor of the view and privacy. What an opportunity. However, not to be a gloomy gus, with projections of a flat real estate market through the presidential election, how will this impact the value?

Who knows, perhaps some eager real estate developer will see fit to convert it to condos. That could drive a nice price….Can you imagine Monument Heights Condo Asssociation. Hmm. Weirder things have happened.

What about its marketing qualities...well lets see...it does have an incredible view from its yard, of which green grass of any size is a rarity here. There are also stellar views from the top floor, However, the walk up is a killer, deduct for no elevator. It is made of stone, so the structure is solid. However, it can't be demised into condominiums so deduct more from its value. There is ample parking, however you need to climb more stairs to the door. Imagine carrying groceries and perhaps a baby. And lets not even mention the title V. But, owning Provincetown’s own skyscraper? Priceless. 

Of course I jest, and on this Memorial Day week, lets take time to think about those who have passed on before us, both family and friends, soldiers and civilians in wars past and present and the unknown especially those for whom the Pilgrim monument is dedicated.

To all of us who live here year round...have a great season on Cape Cod.... and I’d like to extend a special closing table welcome to tourists and seasonal residents. Have a good summer and remember to be patient and smile.