2008: A Look Back ... So Far

This week, we take a look back with a year to date recap through July 6, 2008 and comparison of year to date 2007 of the real estate activity in Provincetown, Truro, Wellfleet and Eastham.

This includes all categories of real estate, Single family homes, multi family homes, condominiums, lots of land, hotels and commercial.

In Provincetown, 93 properties sold in 2008 year to date. In 2007 77 properties sold during this time. Provincetown activity is up 16 sales compared to last year.

In Truro, 33 properties sold in 2008 year to date. In 2007 30 properties sold during this time. Truro is up 3 sales compared to last year.

In Wellfleet 26 properties sold in 2008 year to date. In 2007 48 properties sold during this time. Wellfleet saw a decrease in activity by 22 sales.

In Eastham 62 properties sold year to date 2008. In 2007 65 properties sold during this period. Eastham saw a decrease in activity by 3 sales.

In 2008 the majority of sales in Provincetown have been condominiums, 68 in total, in Truro 20 single family homes, In Wellfleet 17 single family homes and Eastham 48 single family homes. 

Provincetown appears to be performing slightly better than the past few years. This could be due to the low interest rates in the first two quarters of 2008 combined with low prices. Buyers are taking advantage of this opportunity.

Truro has seen a slight increase in sales. This could be due to price adjustments and buyers seeking opportunity.

Wellfleet has seen a dramatic decrease in sales this year compared to the same period last year. This could be due to pricing and buyer demographics for Wellfleet.

Eastham has seen a negligible decrease in sales.

We’ll keep monitoring the activity and bring it to you weekly.