Great news regarding Provincetown real estate as well as real estate here on Cape Cod!  See the article below from the Cape Cod Times online newspaper-

The Cape’s real estate market continued to show signs of stability during January, with sales volume and median price increasing year-over-year, according to numbers released yesterday by the Barnstable County Registry of Deeds.

Sales volume for the month was 20.8 percent higher than in January 2009, with 343 deeds recorded, Register John F. Meade reported. The registry compiles its data based on all sales above $50,000.

The median sale price for January was $294,000, an increase of 6.9 percent from the same month a year ago. January 2009’s median sale price was $275,000.

Both sales volume and median value trail the figures for January 2008, when the registry reported 392 sales with a median value of $323,000.

And while the median price dropped 6.7 percent from December’s $315,000 — the high for 2009 — it was higher than six of the preceding 12 months’ midpoint values.

Meanwhile, mortgage activity showed a steep year-over-year decline. The registry logged 1,097 mortgages with values above $50,000 last month, a drop of 23 percent from the January 2009 total of 1,424. The median mortgage amount also fell, from $248,600 a year ago to $235,000 last month.

Provincetown Carnival theme for 2010 is Jungle Fantasy! Mark the week in your calendar: August 15-21, come to Provincetown! It will be a blast!

As I stated in an earlier post, I am thrilled to announce really good news for Buyers and Sellers of Provincetown real estate!  Activity of Buyers signing contracts has surged dramatically not only during the 3rd quarter- but, it is continuing well into the 4th quarter!

To demonstrate how active the market has been, YTD according to our Cape Cod & Islands MLS service, there have been 128 sales/closings of all properties across all price ranges.  However, as of today, December 3 there are 37 properties that now have a signed contract!  Most of these properties should close within the next 4-6 weeks or so.  To see what has actually closed in Provincetown in 2009, visit my recent sales page.

Since Provincetown is primarily a second home market, the first time home buyer tax credit has no bearing on the reason for the growth in sales.  However, mortgage rates are at an all time low, Buyers have been holding off and now there is pent up demand…………and without question- Provincetown offers a life style like no other resort area and has a limited supply of properties.

Inventory is till plentiful- but, dwindling as premier properties are selling.  Many people earlier have put their buying decisions hold to “see what happens”.  I am highly advising my Buyers to not wait any longer if there are ready, willing and able to purchase a condo or home here in Provincetown.

Please visit my website to see a sampling of available properties.  Please feel free to call me at 508-237-4632 should you wish to discuss your personal goals and objectives of buying a second home here on Cape Cod.

25 Winthrop Street # 3

Provincetown, MA  02657

This terrific light & bright one bedroom, one bath condo located in a desirable West-end of Provincetown location just sold on October 16, 2009 for $280,000.  This condo has 474 square feet, sunny exclusive use deck, parking and a terrific rental history!

Clients ask me, “what properties have sold and what prices did they sell for in 2009?”.

Oh, by the way, my business thrives on referrals.  If you know anybody looking to buy or sell anywhere on Cape Cod, I would be honored to have the referral from you.

I am thrilled to announce really good news for Buyers and Sellers of Provincetown real estate!  Activity of Buyers signing contracts has surged dramatically within the last couple of months!

To demonstrate how active the market has been, YTD according to our Cape Cod & Islands MLS service, there have been 57 sales/closings of all properties across all price ranges.  However, as of today, September 8 there are 47 properties that now have a signed contract!  Most of these properties should close within the next 4-6 weeks or so.

Provincetown offers a life style like no other resort area and has a limited supply of properties.

Mortgage rates are terrific and inventory is till plentiful- but, dwindling as premier properties are selling.  Many people earlier have put their buying decisions hold to “see what happens”.  I am highly advising my Buyers to not wait any longer if there are ready, willing and able to purchase a condo or home here in Provincetown.

Please visit my website to see a sampling of available properties.  Please feel free to call me at 508-237-4632 should you wish to discuss your personal goals and objectives of buying a second home here on Cape Cod.

NEWS RELEASE

PARSIPPANY, N.J.  (July 09, 2009) – Century 21 Real Estate LLC, the franchisor of the world’s largest residential real estate sales organization, is proud to announce that

it received a 2009 Stevie^® Award at the 7^th Annual American Business Awards^SM.

The prestigious award recognizes Century 21 Real Estate LLC for its work with MediaCom Search, a division of MediaCom Interaction, in exceeding expectations with relevant consumer segmentation in the real estate category.

“We took a leadership position this year by moving the majority of our advertising online,” said Bev Thorne, senior vice president, marketing, Century 21 Real Estate LLC. “The market data and this award clearly indicate that our strategic shift to online advertising is providing enhanced value to the CENTURY 21 System. Through an increasingly efficient and robust online advertising strategy, we have managed to increase monthly average lead volume and the potential customer base by 40% since last year, while decreasing monthly cost-per-lead by 32%.”

To accomplish its goal of driving more leads while maintaining greater cost efficiency, Century 21 Real Estate LLC developed a paid search campaign around the traditional purchase cycle, with a focus on current and potential customers’ needs and wants.

“The incorporation of relevant consumer segmentation and the integration of search into the overall marketing mix is what made this a winning strategy,” said Patrick Bonomo, managing director, MediaCom Search.  ”Positioning CENTURY 21 brokers and agents as a resource to consumers in their real estate transaction was key. Ultimately, the achieved goal was to move the customer through successive searches, thereby leading to increased purchase intent and brand loyalty.”

The Stevie^® Award honors and generates public recognition of the achievements and positive contributions of organizations and business people worldwide. The American Business Awards are governed by a Board of Distinguished Judges & Advisors that features many of the leading figures in American business.

I have been telling my Buyer Clients for many months now that this is a terrific time to buy.  However, I never want to come across sounding like a pushy salesman.  I am a respectable Real Estate Broker with a proven track record.  However, because this is the time to buy, I am looking to buy a second home myself!

Today, it was announced that sales of previously owned homes in the United States increased at a faster-than-expected annual pace in June-, in the third straight month of gains.

The National Association of Realtors said sales rose 3.6 percent to an annual rate of 4.89 million units from a downwardly revised 4.72 million pace in May. June’s reading compared with forecasts for a 4.84 million unit annual pace.

Sales in other areas are up significantly, such as Greater Fort Meyers, FL, sales are up 116% YTD.  Other areas are reporting increases as well, Las Vegas is seeing a nice increase, Phoenix is seeing a nice increase.  True, prices fell as much as 50% in these areas from the peak and the majority of the sales are of distressed properties.  But, a significant number Buyers are buying which is eliminating inventory and eliminating further price declines.

If you seriously considering buying a second home here on Cape Cod, especially in the Provincetown and surounding areas- please do not wait much longer…….mark my words!

Visit my Provincetown Real estate website to see a small sample of properties for sale here in Provincetown and surrounding areas.

132 Shore Road # 47
North Truro, MA
$135,000

Click here to visit the property website!

Terrific seasonal use condo located in Braemar condo association. Braemar, a 3 season Condominium Complex named for its lovely, hillside location reminiscent of the Scottish Moors. This first floor condo is very open, bright and spaciously comfortable to entertain with friends. Here you will enjoy gentle ocean breezes and breathtaking sunsets on Cape Cod Bay. Braemar is in a setting as relaxing or active as you desire. Bask in the sun at the outdoor pool, or simply relax on your private deck. Braemar offers visitors to Cape Cod a comfortable alternative… with ample parking and oversized living- quarters. Less than 1 mile down the road are beautiful beaches for swimming and sunning. Thirty miles of unspoiled ocean beaches in the National Seashore Park surround the area as well. Sorry not pets are allowed.

Many of my Clients ask me how business is in 2009 and how well properties are selling.  Actually, properties are selling as Buyer realize now is the time to buy and mortgage rates are all historic lows.

I have created a webpage called “Recent Sales” on my website which lists the real estate closings in Provincetown in 2009.  The Recent Sales page will give you the property address, the list price, the final closes sales price, how many days the property was on the market, and a brief description of the property.

My goal is to be a Trusted Real estate Adviser to Clients.  My website is a valuable tool to keep Clients up to date on the real estate market here on Cape Cod.  I would enjoy quality feedback from you about what you read on my website.  Feel free to phone me at 508-237-4632 or e-mail me at Rick.Tourgee@Century21.com.