This month's episode features an update on real estate sales in Provincetown for the first half of the year.
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Provincetown News for July 2009
15 years ago
Friday, July 17, 2009
Friday, July 10, 2009
Provincetown real estate market report. Interest Rates Adjust.
Interest rates have adjusted in favor of the buyer this past week. The average 30 year product is in the low 5% range. 15 years products are even lower at an average 4.7%.
After reports of more job losses this past week and fears of inflations, the rates adjusted slightly down in order to try and create consumer activity.
After two months of historic lows, mortgage interest rates inched up over June. This created an increase in shopping activity but a stall in actual executions of contracts. Rates have not decreased to the levels they were a few months ago. The adjustment this week could motivate buyers to come back to the playing field and act before rates increase again.
Real estate brokers from primary markets are reporting strong first half sales volume in units, but selling prices are between $70,000-$130,000. In Provincetown, number of sales have not been as strong as previous periods during this slow down, however, the average selling price is $457,000.Please send your comments to Michael.dubour@century21.com.
After reports of more job losses this past week and fears of inflations, the rates adjusted slightly down in order to try and create consumer activity.
After two months of historic lows, mortgage interest rates inched up over June. This created an increase in shopping activity but a stall in actual executions of contracts. Rates have not decreased to the levels they were a few months ago. The adjustment this week could motivate buyers to come back to the playing field and act before rates increase again.
Real estate brokers from primary markets are reporting strong first half sales volume in units, but selling prices are between $70,000-$130,000. In Provincetown, number of sales have not been as strong as previous periods during this slow down, however, the average selling price is $457,000.Please send your comments to Michael.dubour@century21.com.
Friday, July 3, 2009
Provincetown real estate: Second Quarter Recap and Year to Date Comparison 2008/2009
The second quarter 2009 closed with sales in Provincetown moving sluggishly forward as the first half of the year comes to an end.
22 properties closed from April 1st through June 30th. Closed activity is up 8 transactions from 14 sales in the first quarter.
Year to date, 36 properties have closed in Provincetown. A further dissection of this activity shows that in the first half of 2008, last year, 94 condominiums sold versus 23 year to date this year. In 2008, 30 single family homes sold compared to 6 this year.
The average number of days it takes to sell an accurately priced property has increased from 207 to 270.
Check out this week's Provincetown Real Estate Blog for year to date sales figures in Provincetown, Truro and Wellfleet for 2008 and 2009 (click here).
For more information or if you would like a detailed itemization report of sold properties in Provincetown, please email me at michael.dubour@century21.com.
Have a safe and Happy Independence Day.
22 properties closed from April 1st through June 30th. Closed activity is up 8 transactions from 14 sales in the first quarter.
Year to date, 36 properties have closed in Provincetown. A further dissection of this activity shows that in the first half of 2008, last year, 94 condominiums sold versus 23 year to date this year. In 2008, 30 single family homes sold compared to 6 this year.
The average number of days it takes to sell an accurately priced property has increased from 207 to 270.
Check out this week's Provincetown Real Estate Blog for year to date sales figures in Provincetown, Truro and Wellfleet for 2008 and 2009 (click here).
For more information or if you would like a detailed itemization report of sold properties in Provincetown, please email me at michael.dubour@century21.com.
Have a safe and Happy Independence Day.
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