Q2 2022
CAPE COD
Market Report
P R E S E N T E D B Y PA U L E . G R O V E R
Welcome to the 2022 Second Quarter Cape Cod Market Report If there was one word to describe the
across the country, we can be certain
economic outlook as we move into the
that luxury property on Cape Cod is
third quarter of the year, it would most
extremely finite and the lifestyle that it
likely be uncertainty.
offers is as desirable as ever.
Afterall, we have all read the headlines.
More than ever, it is important to have
Like other markets, the real estate
a real estate broker with the knowledge
market is indeed changing and,
and expertise to advise you through
currently, we are seeing a needed
these changing conditions. It is my hope
return to more balanced conditions in
that this report helps to provide clarity
many areas.
and leaves you feeling more confident in your understanding of the current
What is certain is that the Cape Cod
market. Should you have any questions
market remained strong through the
about the market or wish to learn more,
end of the second quarter, as you will
I am always available as a resource to
see in this report. In particular, the
you and your family.
luxury sector (defined as $2 million and above) had an impressive showing with transactions up nearly 50% compared to the first quarter. Transactions above $5 million were up 67%.
Paul E. Grover, Principal Broker
While the uncertainty that we face today - one rooted in social and economic concerns - is very different from that of two years ago, perhaps it is one of the key forces that continues of Cape Cod. Like Palm Beach, the
$175M+
Hamptons, and other premier markets
2021 SALES VOLUME
to drive high-end buyers to the shores
PA U L E . G R O V E R P R I N I C I PA L B R O K E R
$4.06M+
$1.5B+
2 0 2 1 AV E R A G E S A L E P R I C E
CAREER SALES VOLUME
Cape Cod
Luxury Market Summary
835 Sea View Osterville, Massachusetts
RESIDENTIAL, $2M+ Q2 2022
% Δ (QTR)
Q1 2022
% Δ (YR)
Q2 2021
$2,000,000 - $2,999,999
46
CARET-UP 35.3%
34
CARET-DOWN 25.8%
62
$3,000,000 - $3,999,999
27
CARET-UP 68.8%
16
CARET-UP 42.1%
19
$4,000,000 - $4,999,999
12
CARET-UP 100%
6
CARET-UP 20%
10
$5,000,000+
29
CARET-UP 20.8%
24
CARET-UP 3.6%
28
114
CARET-UP 42.5%
80
CARET-DOWN 4.2%
119
Q2 2022
% Δ (QTR)
Q1 2022
% Δ (YR)
Q2 2021
$2,000,000 - $2,999,999
30
CARET-DOWN 3.2%
31
CARET-UP 3.4%
29
$3,000,000 - $3,999,999
17
CARET-UP 21.4%
14
CARET-UP 21.4%
14
$4,000,000 - $4,999,999
4
0%
4
CARET-DOWN 33.3%
6
$5,000,000+
10
CARET-UP 42.9%
7
CARET-UP 11.1%
9
Total
61
CARET-UP 8.9%
56
CARET-UP 5.2%
58
Sold
Q2 2022
% Δ (QTR)
Q1 2022
% Δ (YR)
Q2 2021
$2,000,000 - $2,999,999
37
CARET-UP 60.9%
23
CARET-UP 8.8%
34
$3,000,000 - $3,999,999
18
CARET-UP 38.5%
13
CARET-UP 20%
15
$4,000,000 - $4,999,999
2
CARET-DOWN 33.3%
3
CARET-DOWN 60%
5
$5,000,000+
10
CARET-UP 67%
6
CARET-UP 42.9%
7
Total
67
CARET-UP 48.9%
45
CARET-UP 9.8%
61
Active
Total
Pending
All data from the Cape Cod and Islands Association of REALTORS ®
78 Triton Way New Seabury, Massachusetts
Upper Cape | Mid Cape | Lower Cape | Outer Cape
Cape Cod K E Y TA K E A W AY S
CARET-UP18.1% Median Sale Price YOY
867
$13.75M
# of Homes Sold Q2
Highest Sale
S I N G L E FA M I LY H O M E S
Q2 2022
% Δ (QTR)
Q1 2022
% Δ (YR)
Q2 2021
New Listings
1284
CARET-UP 67.6%
766
CARET-DOWN 12.3%
1464
Pending Sales
1006
CARET-UP 40.7%
715
CARET-DOWN 13.2%
1159
867
CARET-UP 30.8%
663
CARET-DOWN 18.7%
1067
$727,869
CARET-UP 12%
$650,000
CARET-UP 18.1%
$616,233
Inventory of Homes for Sale
504
CARET-UP 83.9%
274
CARET-DOWN 9.4%
556
Months Supply of Inventory
1.6
CARET-UP 100%
0.8
CARET-UP 23.1%
1.3
Cape Cod
Closed Sales
Median Sales Price
All data from the Cape Cod and Islands Association of REALTORS ®
Sandwich | Bourne | Mashpee | Falmouth
Upper Cape K E Y TA K E A W AY S
CARET-UP18.9% Median Sale Price YOY
267
$9.3M
# of Homes Sold Q2
Highest Sale
S I N G L E FA M I LY H O M E S
Q2 2022
% Δ (QTR)
Q1 2022
% Δ (YR)
Q2 2021
New Listings
384
CARET-UP 26.7%
303
CARET-DOWN 19.3%
476
Pending Sales
300
CARET-UP 14.1%
263
CARET-DOWN 18.7%
369
Closed Sales
267
CARET-UP 23.6%
216
CARET-DOWN 27.8%
370
$733,775
CARET-UP 16.4%
$630,567
CARET-UP 18.9%
$617,119
Inventory of Homes for Sale
190
CARET-UP 79.2%
106
CARET-UP 1.1%
188
Months Supply of Inventory
1.9
CARET-UP 72.7%
1.1
CARET-UP 26.7%
1.5
Upper Cape
Median Sales Price
All data from the Cape Cod and Islands Association of REALTORS ®
Barnstable | Dennis | Yarmouth
Mid Cape K E Y TA K E A W AY S
CARET-DOWN 35.8%
$650K
$13.75M
New Listings YOY
Median Sales Price
Highest Sale
S I N G L E FA M I LY H O M E S
Q2 2022
% Δ (QTR)
Q1 2022
% Δ (YR)
Q2 2021
New Listings
393
CARET-UP 24.8%
315
CARET-DOWN 35.8%
612
Pending Sales
341
CARET-UP 13.7%
300
CARET-DOWN 31.3%
496
Closed Sales
305
CARET-UP 7%
285
CARET-DOWN 28.2%
425
$650,200
CARET-UP 12.2%
$579,635
CARET-UP 15.8%
$561,573
Inventory of Homes for Sale
183
CARET-UP 71%
107
CARET-DOWN 16.1%
218
Months Supply of Inventory
1.4
CARET-UP 75%
0.8
CARET-UP 7.7%
1.3
Mid Cape
Median Sales Price
All data from the Cape Cod and Islands Association of REALTORS ®
Chatham | Orleans | Brewster | Harwich
Lower Cape K E Y TA K E A W AY S
CARET-UP 88.9%
$1.12M
Inventory for Sale QOQ
Median Sales Price
$7.28M Highest Sale
S I N G L E FA M I LY H O M E S
Q2 2022
% Δ (QTR)
Q1 2022
% Δ (YR)
Q2 2021
New Listings
217
CARET-UP 106.7%
105
CARET-DOWN 18.7%
267
Pending Sales
174
CARET-UP 59.6%
109
CARET-DOWN 16.7%
209
Closed Sales
141
CARET-UP 24.8%
113
CARET-DOWN 22.1%
181
$1,115,991
CARET-UP 23.7%
$901,814
CARET-UP 16.1%
$961,207
Inventory of Homes for Sale
85
CARET-UP 88.9%
45
CARET-DOWN 19.8%
106
Months Supply of Inventory
1.6
CARET-UP 77.8%
0.9
CARET-UP 33.3%
1.2
Lower Cape
Median Sales Price
All data from the Cape Cod and Islands Association of REALTORS ®
Provincetown | Truro | Wellfleet | Eastham
Outer Cape K E Y TA K E A W AY S
CARET-UP109.3% New Listings QOQ
$1.16M
$3.98M
Median Sales Price
Highest Sale
S I N G L E FA M I LY H O M E S
Q2 2022
% Δ (QTR)
Q1 2022
% Δ (YR)
Q2 2021
New Listings
90
CARET-UP 109.3%
43
CARET-DOWN 13.5%
104
Pending Sales
60
CARET-UP 39.5%
43
CARET-DOWN 27.7%
83
Closed Sales
50
CARET-UP 2%
49
CARET-DOWN 45.1%
91
$1,159,505
CARET-UP 9%
$1,063,752
CARET-UP 19.5%
$970,143
Inventory of Homes for Sale
46
CARET-UP 187.5%
16
CARET-UP 4.5%
44
Months Supply of Inventory
2.2
CARET-UP 214.3%
0.7
CARET-UP 46.7%
1.5
Outer Cape
Median Sales Price
All data from the Cape Cod and Islands Association of REALTORS ®
An Elevated Real Estate Experience 867 Main Street
140 Newbury Street
(508) 364-3500
Osterville, MA 02655
Boston, MA 02116
pgrover@robertpaul.com
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