Increased activity in the Provincetown market
Had a moment to check out a couple statistics this morning concerning activity and sales regarding the Provincetown market. While the first part of the year started off slow with little market activity due to the issues with the global economy, we have seen high levels of activity over the past several weeks in our local markets. Not only are more people looking, but they are actually following through with their market watch, and buying condos or homes they have been watching for the past several months. Their feeling is that the market has hit bottom, and because our unique market of enjoying the local natural surroundings, as well as lifestyle, buyers are not going to loose the specific property they have been watching closely. As an FYI…our sales for all property types in Provincetown totaled YTD 72 transactions. Currently, we have 50 property types pending to close which is a dramatic upturn considering most of these properties have gone to pending over the past several weeks. Fall remains an active season for buyers to position themselves for the 2010 rental season, so we are optimistic about our local market at this time based on the recent activity and the continued improvement in the economy