Cape Cod | 2022 Second Quarter Market Insights by Gibson Sotheby's International Realty

2022 SECOND QUARTER

Market Insights CA PE COD

Move beyond your expectations.

A L ET T ER FROM OU R

Chief Executive Officer We are honored to share with you the current real estate market report for the second quarter of 2022 in Cape Cod. Real estate has been in the news a lot lately and many of the headlines are quite dramatic. Let me share what is REALLY happening. As you know from our last report, the real estate market has been very hot over the last two and a half years ? particularly in the suburbs and on Cape Cod. The forecast of rising interest rates had the market moving at a feverish pace in early spring, with buyers trying to make their purchases before the rates rose. As predicted, interest rates have risen, as a result of the Fed?s attempts to temper inflation. While the feverish pace has cooled for several segments of the market, it has not created a ?slow market? or a ?buyer?s market?. We would consider this to be more of a ?normalizing? market. For instance, rather than 20 offers on one home, we see a few offers. Instead of selling within hours of a home?s market launch, it sells within days or weeks. Have the higher rates affected buyers? The short answer is yes. Some buyers have opted to step away and are renting a home. This has put pressure on the rental market in some areas, with rental prices having risen as a result. Other buyers have, instead, reassessed their price ranges and have continued their purchase searches. These people have the benefit of a cooler market. A few of the ?click-bait? headlines suggested that the bubble was bursting. However, real estate experts don?t see the conditions that led to the bubble that burst in 2008. Stringent lending policies have led to more responsible and sustainable mortgages. Buyers have equity in homes where they put down substantial down payments. And we don?t have an abundance of supply ? in fact, we could all benefit from additional supply. So, we don?t have a pre-bubble scenario. It is just more of a balanced market, with buyers gaining a bit more bargaining power in the marketplace. If we can help you create a strategy to make your real estate dreams happen, please feel free to contact us. We would be honored to help you.

Colleen Barry, CEO Gibson Sotheby's International Realty

Relationships are at the very heart of our business. They always have been, and they always will be. Nicole Rideout Hart wick Chief Strategy Officer Gibson Sotheby?s International Realty

Family values and a cult ure of support are essent ial t o our company et hos.

REA D M ORE I N T H E J U N E I S SU E OF RI S M ED I A

2 0 2 2 | 2 N D QUA RT ER M A RK ET I N S I GH T S

99 Reflect ion Drive, Sandwich Source: CCIMLS. For the purpose of this report , Upper Cape includes Bourne, Falmouth, Mashpee, Sandwich.

Upper Cape S I N G L E FA M I LY N EW L I ST I N GS Q2 20 22 454 (-4% YOY) Q2 2021 477 AV ERA GE DAYS O N M A RK ET Q2 20 22 17 (-45% YOY) Q2 2021 31 M ED I A N SA L E P RI C E Q2 20 22 $710,0 0 0 (+19% YOY) Q2 2021 $592,000 SOL D L I ST I N GS Q2 20 22 311 (-15% YOY) Q2 2021 370

Bourne S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

73 (-7% YOY)

13 (-57% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 646,0 0 0 (+20 % YOY)

40 (-31% YOY)

Q2 2021

$535,000

Falmouth S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

178 (0 % YOY)

11 (-70 % YOY)

Q2 2021

178

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$763,0 0 0 (+17% YOY)

121 (-6% YOY)

Q2 2021

$646,750

130

Mashpee S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

82(-23% YOY)

34 (0 % YOY)

Q2 2021

107

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$752,50 0 (-17% YOY)

78 (-14% YOY)

Q2 2021

$640,000

Sandwich S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

121 (7% YOY)

13 (-28% YOY)

Q2 2021

113

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 655,0 0 0 (+18% YOY)

72 (-20 % YOY)

Q2 2021

$552,000

91 Source: CCIMLS.

Upper Cape CON DOM IN IUM S N EW L I ST I N GS Q2 20 22 98 (+10 % YOY) Q2 2021 89 AV ERA GE DAYS O N M A RK ET Q2 20 22 16 (-64% YOY) Q2 2021 45 M ED I A N SA L E P RI C E Q2 20 22 $ 50 2,50 0 (+18% YOY) Q2 2021 $425,000 SOL D L I ST I N GS Q2 20 22 86 (+22% YOY) Q2 2021 70

2 0 2 2 | 2 N D QUA RT ER M A RK ET I N S I GH T S

5 Truro Road, Mashpee Source: CCIMLS. For the purpose of this report , Upper Cape includes Bourne, Falmouth, Mashpee, Sandwich.

Bourne CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

14 (-6% YOY)

58 (-67% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 549,90 0 (+78% YOY)

9 (-10 % YOY)

Q2 2021

$308,750

Falmouth CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

23 (+43% YOY)

13 (-81% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 530,50 0 (+27% YOY)

24 (+84% YOY)

Q2 2021

$415,000

Mashpee CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

48 (-7% YOY)

12 (-75% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 520,0 0 0 (+4% YOY)

40 (-2% YOY)

Q2 2021

$499,000

Sandwich CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

13 (116% YOY)

6 (+50 % YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 40 6,50 0 (+22% YOY)

13 (+116% YOY)

Q2 2021

$332,500

6 Source: CCIMLS.

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2 0 2 2 | 2 N D QUA RT ER M A RK ET I N S I GH T S

180 Pinquickset Cove Circle, Barnst able Source: CCIMLS. For the purpose of this report , Mid Cape includes Barnstable, Dennis, Yarmouth.

Mid Cape S I N G L E FA M I LY N EW L I ST I N GS Q2 20 22 525 (-14% YOY) Q2 2021 615 AV ERA GE DAYS O N M A RK ET Q2 20 22 24 (+26% YOY) Q2 2021 19 M ED I A N SA L E P RI C E Q2 20 22 $ 630,0 0 0 (+14% YOY) Q2 2021 $550,000 SOL D L I ST I N GS Q2 20 22 376 (-11% YOY) Q2 2021 425

Barnstable S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

255 (-17% YOY)

26 (+24% YOY)

Q2 2021

310

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 690,0 0 0 (+20 % YOY)

179 (-16% YOY)

Q2 2021

$575,000

214

Dennis S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

129 (-4% YOY)

31 (+72% YOY)

Q2 2021

135

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 635,0 0 0 (+3% YOY)

86 (-5% YOY)

Q2 2021

$611,000

Yarmouth S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

141 (-17% YOY)

15 (-17% YOY)

Q2 2021

170

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 535,0 0 0 (+8% YOY)

111 (-7% YOY)

Q2 2021

$491,250

120

Source: CCIMLS.

Mid Cape CON DOM IN IUM S N EW L I ST I N GS Q2 20 22 82 (-32% YOY) Q2 2021 121 AV ERA GE DAYS O N M A RK ET Q2 20 22 28 (-26% YOY) Q2 2021 38 M ED I A N SA L E P RI C E Q2 20 22 $ 346,0 0 0 (+42% YOY) Q2 2021 $242,500 SOL D L I ST I N GS Q2 20 22 94 (-16% YOY) Q2 2021 113

2 0 2 2 | 2 N D QUA RT ER M A RK ET I N S I GH T S

21 Grandview Drive, Sout h Yarmout h Source: CCIMLS. For the purpose of this report , Mid Cape includes Barnstable, Dennis, Yarmouth.

Barnstable CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

26 (-18% YOY)

14 (-58% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 307,950 (+22% YOY)

30 (-6% YOY)

Q2 2021

$251,250

Dennis CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

27 (-41% YOY)

54 (+86% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 375,0 0 0 (+86% YOY)

27 (+41% YOY)

Q2 2021

$200,750

Yarmouth CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

29 (-34% YOY)

21 (-60 % YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 360,0 0 0 (+32% YOY)

37 (+5% YOY)

Q2 2021

$271,500

Source: CCIMLS.

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Lower Cape S I N G L E FA M I LY N EW L I ST I N GS Q2 20 22 228 (-14% YOY) Q2 2021 268 AV ERA GE DAYS O N M A RK ET Q2 20 22 28 (-43% YOY) Q2 2021 49 M ED I A N SA L E P RI C E Q2 20 22 $ 925,0 0 0 (+16% YOY) Q2 2021 $795,000 SOL D L I ST I N GS Q2 20 22 145 (-19% YOY) Q2 2021 181

2 0 2 2 | 2 N D QUA RT ER M A RK ET I N S I GH T S

87 Beach Road, Orleans Source: CCIMLS. For the purpose of this report , Lower Cape includes Brewster, Chatham, Harwich, Orleans

Brewster S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

60 (+7% YOY)

18 (-47% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$795,0 0 0 (+22% YOY)

31 (+3% YOY)

Q2 2021

$650,000

Chatham S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

64 (-12% YOY)

37 (-51% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 1,499,50 0 (-3% YOY)

44 (-10 % YOY)

Q2 2021

$1,550,000

Harwich S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

66 (-19% YOY)

20 (-17% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$739,250 (+17% YOY)

42 (-28% YOY)

Q2 2021

$630,000

Orleans S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

38 (-33% YOY)

40 (-38% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 1,465,0 0 0 (+46% YOY)

27 (-35% YOY)

Q2 2021

$997,500

42 Source: CCIMLS.

2 0 2 2 | 2 N D QUA RT ER M A RK ET I N S I GH T S

145 Chapman Lane, Brewst er Source: CCIMLS. For the purpose of this report , Lower Cape includes Brewster, Chatham, Harwich, Orleans

Lower Cape CON DOM IN IUM S N EW L I ST I N GS Q2 20 22 42 (-32% YOY) Q2 2021 62 AV ERA GE DAYS O N M A RK ET Q2 20 22 49 (+158% YOY) Q2 2021 19 M ED I A N SA L E P RI C E Q2 20 22 $ 370,0 0 0 (-12% YOY) Q2 2021 $422,000 SOL D L I ST I N GS Q2 20 22 38 (-25% YOY) Q2 2021 51

Brewster CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

16 (-23% YOY)

16 (+220 % YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 370,0 0 0 (-7% YOY)

25 (+25% YOY)

Q2 2021

$400,000

Chatham CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

9 (-40 % YOY)

83 (+196% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 451,0 0 0 (-23% YOY)

5 (-61% YOY)

Q2 2021

$590,000

Harwich CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

8 (+27% YOY)

118 (+521% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 30 5,0 0 0 (-35% YOY)

6 (-57% YOY)

Q2 2021

$472,500

Orleans CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

9 (-40 % YOY)

62 (+72% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 390,0 0 0 (+17% YOY)

7 (-12% YOY)

Q2 2021

$332,000

8 Source: CCIMLS.

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Outer Cape S I N G L E FA M I LY N EW L I ST I N GS Q2 20 22 91 (-12% YOY) Q2 2021 104 AV ERA GE DAYS O N M A RK ET Q2 20 22 30 (-47% YOY) Q2 2021 57 M ED I A N SA L E P RI C E Q2 20 22 $ 941,0 0 0 (+6% YOY) Q2 2021 $880,000 SOL D L I ST I N GS Q2 20 22 51 (-43% YOY) Q2 2021 91

2 0 2 2 | 2 N D QUA RT ER M A RK ET I N S I GH T S

345 Robbins Hill Road, Brewst er Source: CCIMLS. For the purpose of this report , Outer Cape includes Eastham, Wellfleet , Truro, Provincetown.

Eastham S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

40 (-13% YOY)

8 (-78% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 825,0 0 0 (+7% YOY)

23 (-51% YOY)

Q2 2021

$765,000

Wellfleet S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

28 (+55% YOY)

17 (-75% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 890,0 0 0 (+11% YOY)

10 (-41% YOY)

Q2 2021

$800,000

Truro S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

10 (-44% YOY)

61 (-47% YOY)

Q2 2021

115

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 1,150,0 0 0 (+14% YOY)

11 (-21% YOY)

Q2 2021

$1,005,000

Provincetown S I N G L E FA M I LY N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

13 (-40 % YOY)

68 (+36% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 1,855,0 0 0 (+12% YOY)

7 (-46% YOY)

Q2 2021

$1,647,000

13 Source: CCIMLS.

2 0 2 2 | 2 N D QUA RT ER M A RK ET I N S I GH T S

385 Commercial St reet , Provincet own Source: CCIMLS. For the purpose of this report , Outer Cape includes Eastham, Wellfleet , Truro, Provincetown.

Outer Cape CON DOM IN IUM S N EW L I ST I N GS Q2 20 22 62 (110 % YOY) Q2 2021 69 AV ERA GE DAYS O N M A RK ET Q2 20 22 48 (-43% YOY) Q2 2021 84 M ED I A N SA L E P RI C E Q2 20 22 $ 639,0 0 0 (-1% YOY) Q2 2021 $650,000 SOL D L I ST I N GS Q2 20 22 47 (-18% YOY) Q2 2021 58

Eastham CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

8 (0 % YOY)

54 (+59% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 55,90 6 (+14% YOY)

10 (+40 0 % YOY)

Q2 2021

$486,000

Wellfleet CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

7 (+250 % YOY)

4 (-20 % YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 615,0 0 0 (+120 % YOY)

3 (+20 0 % YOY)

Q2 2021

$279,000

Truro CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

12 (-33% YOY)

20 (-67% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$ 431,50 0 (+15% YOY)

8 (-38% YOY)

Q2 2021

$375,000

Provincetown CON DOM IN IUM S N EW L I ST I N GS

AV ERA GE DAYS O N M A RK ET

Q2 20 22

35 (-14% YOY)

61 (-36% YOY)

Q2 2021

M ED I A N SA L E P RI C E

SOL D L I ST I N GS

Q2 20 22

$792,50 0 (+2% YOY)

26 (-38% YOY)

Q2 2021

$775,000

42 Source: CCIMLS.

Looking for more insights?Contact our Cape Cod team. Brewster

Chatham

Dennis

2404 Main Street

409 Main Street

563 Route 6A

Brewster, MA 02631

Chatham, MA 02633

Dennis, MA 02638

Main Office: 508.896.5000

Main Office: 508.945.0000

Main Office: 508.385.4944

Rental Office: 508.255.7100

Rental Office: 508.385.6100

Harwich Port

Orleans

Provincetown

587 Route 28

6 Route 6A

168 Commercial Street

Harwich Port, MA 02646

Orleans, MA 02653

Provincetown, MA 02657

Main Office: 508.432.6100

Main Office: 508.255.6000

Main Office: 508.487.2430

Rental Office: 508.255.7100

Rental Office: 508.487.2430

Whether you?re moving on or moving forward, nothing compares.

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