A condominium at 168 Bradford Street in Provincetown, Massachusetts, recently sold for $3.9 million, establishing a new record for the most expensive condo ever sold in the town. This sale surpassed the previous record of $3.6 million set in 2022. The 2,796-square-foot unit, featuring three bedrooms, 3.5 bathrooms, two home offices, a den, and a private stone terrace, found a buyer in just 24 hours. The price per square foot was $1,395, significantly higher than the national median of $226.
The property was developed by local restaurateur and developer Victor DePoalo, who also resided in the unit before moving to another in the same four-unit association. Thomas Andrews of Gibson Sotheby’s International Realty, the listing agent, highlighted the strong demand for "turnkey" properties among wealthy buyers in Provincetown. The town's real estate market is characterized by limited inventory, with housing stock having decreased by 44.4% and prices climbing by 87.7% over the past seven years.
Provincetown's appeal as a vibrant artistic community and an idyllic vacation destination contributes to its high demand. Senior economist Hannah Jones of Realtor.com notes that the town's geographic constraints at the tip of Cape Cod limit new construction, leading to a fixed housing supply and intense competition. Wealthy seasonal buyers and short-term rental investors further exacerbate the demand, pushing prices up.
The new record for condo sales in Provincetown may be short-lived, as an adjacent unit at 170 Bradford Street, also developed by Victor DePoalo, is currently listed for $5.3 million with a contract pending. This indicates continued upward pressure on prices in the exclusive Cape Cod market. The town's current median list price is $1.5 million, with a median sale price of $1.2 million, both considerably lower than the recent record-breaking transaction.
Market data from July 2026 shows a robust real estate environment in Provincetown, with 11 homes sold (8 condos, 3 single-family homes). The median sale price increased by 41% to $1,625,000 compared to July 2025, and the average price per square foot rose by 25% to $1,506. Properties sold quickly, with an average of 37 days on the market, a 34% reduction from the previous year, and achieved 98% of their list price, demonstrating strong buyer willingness to compete for desirable properties.
