Provincetown Condo Sells for Record $3.9 Million in 24 Hours

A condominium in Provincetown, Massachusetts, has set a new price record for the town, selling for $3.9 million and going under contract within a mere 24 hours. This sale significantly surpasses the previous record of $3.6 million, which was established in 2022 for a condo sale in the same Massachusetts enclave. The property in question is a three-bedroom, 2,796-square-foot unit located at 168 Bradford Street. The sale price of $3.9 million represents a price per square foot of $1,395, which is more than six times the national median price per square foot of $226. This figure highlights the exceptional demand and valuation within Provincetown's luxury real estate market. The town's median list price, according to Realtor.com® data, stands at $1.5 million, with a median sale price of $1.2 million, making the record-breaking sale substantially higher than the typical market transactions. The listing agent for the record-breaking unit was Thomas Andrews of Gibson Sotheby’s International Realty, who confirmed the previous record. The contemporary-style condominium is situated in a private garden within a historical neighborhood, offering a unique blend of modern design and classic charm. The dwelling features three bedrooms and 3.5 bathrooms, along with a den and an office, providing ample living and working space. Its location in the West End neighborhood of Provincetown places it conveniently near the Chelsea Earnest Memorial Playground, an area that has seen revitalization efforts, including a project funded by designer Marc Jacobs. Provincetown is recognized for its vibrant creative arts scene, contributing to its unique appeal as a destination, often compared to other notable Massachusetts islands like Martha's Vineyard and Nantucket. The property's contemporary finishes are described as bringing warmth to the sleek design, creating a refined yet inviting atmosphere. The sale underscores Provincetown's status as a distinctive market where high-value properties can transact with remarkable speed, indicating strong buyer interest and limited inventory for unique offerings. The speed of the sale, within 24 hours, is a testament to the property's desirability and the robust nature of the local luxury market, further cementing Provincetown's reputation for exceptional real estate values.