Provincetown Real Estate: May Statistics and a Bargain!
Welcome to the Provincetown Real Estate Newsletter! Stay up to date with the latest news, trends, and developments in the vibrant real estate market of Provincetown, Massachusetts. Whether you’re a prospective buyer, seller, or simply interested in the local real estate scene, we’ve got you covered. Let’s dive into this edition’s highlights.
Does it still make sense to invest in Real Estate in Provincetown?
Remember, real estate ownership should be considered a long-term investment, and it’s essential to assess your personal financial situation and goals before making a purchase.
Appreciation?: Provincetown has experienced a steady increase in property values over the years. Limited supply, coupled with high demand, has contributed to appreciation in real estate prices. By owning property in Provincetown, you have the potential to build equity and benefit from property value appreciation over time.
Here are the May 2023 statistics to help you navigate and understand this complex market:
Seashore Point? Yes, Seashore Point. 100 Alden Street Provincetown.
There are currently 3 units for sale at Seashore Point, an over 55 community. Seashore Point has been the running joke when talking about getting old in Provincetown. That has changed a bit the last few years. Locals you never would have thought would consider it an option have moved in. These units offer some of the best values in Provincetown for a very central location. And, over 55 doesn’t seem that old anymore. The HOA fees are high but when you factor in the cost to total cost of ownership it is not that bad.
So, if you are looking to retire in Provincetown on a budget or have thought it was unattainable, check out Seashore Point as an option.
Seashore Point Listings:
View listings for 100 Alden Street
Mortgage Rates Just Shot Up Again—but the News Gets Worse From There
Mortgage rates soared even higher this week, averaging 6.79% for a 30-year fixed-rate home loan as of Thursday, according to Freddie Mac. That’s a significant jump from last week’s rate of 6.57%.
The Housing Market Has a ‘Chicken and Egg’ Problem—but Buyers Have Finally Hatched the Perfect Workaround
Anyone who’s tried to buy or sell a home lately is no doubt painfully aware that today’s real estate market has slowed down considerably—but why?