Cape Cod Market Update | Q1 2018

Q1 | 2018

Cape Cod

Market Update

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All Cape Cod

Upper Cape

04 Market Snapshot

08 Market Snapshot

06 Featured Properties

10 Bourne 12 Falmouth 14 Mashpee 16 Sandwich

Cape Cod Brokerages falmouth brokerage

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osterville brokerage

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All data within this document is pulled from the Cape Cod & Islands MLS. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal housing opportunity.

Mid Cape

Lower Cape

18 Market Snapshot

28 Market Snapshot

20 Banstable

30 Brewster

24 Yarmouth

32 Harwich

26 Dennis

34 Orleans 36 Chatham 38 Eastham

Greg Kiely / Vice President/ Brokerage Manager

sothebyshomes.com/capecod

Market Snapshot Q1

Active Inventory by price points

All Cape Cod

600

Units by Region 500

400

Lower Cape Upper Cape

300

200

100

Mid Cape

Total Units Sold 224 290 153

Lower Cape

Lower Cape

Mid Cape

Mid Cape

Upper Cape

Upper Cape

-

Active Inventory by Price Point & Area

Upper Cape

Under $250k

Mid Cape

$250-$500k

Lower Cape

$500k - $1M $1 - $2M $2M+

Q1 Highlights

Median by Region

All Cape Cod

$600,000

Sales volume by price points Below $250K

$500,000

$2M and Above $400,000

$1M-$2M $300,000

$250K-$500K

$200,000

$500K - $1M $100,000

Median Selling Price

$

400k $ 351k $ 527k

Lower Cape

Mid Cape

Upper Cape

$Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 3% 39 % 34 % 14 % 10 %

Upper Cape Mid Cape Lower Cape

5

Under $250k $250-$500k $500k - $1M $1 - $2M $2M+

/ Q1 Highlights / Cape Cod Q1 Market Update

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/ Cape Cod Featured Properties / Cape Cod Q1 Market Update

Market Snapshot Q1

Active by Price - Upper Cape

Upper Cape

200 Units by area - Market Snapshot 180 160

Bourne Mashpee

140 120 100 80

Falmouth

Sandwich

60 40 20

Total Units Sold 31 90 47 56

Mashpee

Mashpee

Sandwich

Sandwich

Falmouth

Falmouth

Bourne

Bourne

0

Active Inventory by Price Point & Area

Bourne

Under $250k

Falmouth

$250-$500k

Mashpee

$500k - $1M

Sandwich

$1 - $2M $2M+

upper cape

Upper Cape - Median

Bourne Falmouth Mashpee Sandwich Sold Volume by Price point - Market Snapshot

$430,000 $420,000

Below $250K

$2M and Above

$410,000 $400,000

$1M-$2M

$390,000

$250K-$500K

$380,000 $370,000

$500K - $1M

$360,000 $350,000

Median Selling Price 370k $ 415k $ 420k $ 370k $

Sandwich

Mashpee

Falmouth

Bourne

$340,000 Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 3% 40% 33% 16 % 8%

Bourne Falmouth Mashpee Sandwich

9

Under $250k $250-$500k $500k - $1M $1 - $2M $2M+

/ Upper Cape / Cape Cod Q1 Market Update

at a glance {Q1 | 2018}

bourne

8

%

Change in Median Selling Price {2018 v 2017}

-38

%

Change in Units Sold {2018 v 2017}

31 Units Sold

370k

$

Median Selling Price

|

Median Selling Price Total Units Sold Units vs Median - Area

$380,000

60

$370,000

50

$360,000 $350,000

40

$340,000

30

$330,000 $320,000

20

$310,000

10

$300,000 $290,000

0

2015

2016

2017

2018

Median Selling Price

Total Units Sold

About

Bourne Home to the first trading center in America, the Aptucxet Trading Post, Bourne straddles the Cape Cod Canal and is considered the gateway to Cape Cod. Positioned as it is, Bourne provides an ideal spot for anyone who needs to commute to Boston, but also enjoys the relaxed lifestyle of Cape Cod. sothebyshomes.com/capecod

Q1

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2018 v 2017}

Change

8%

8%

-

-38%

-20%

2018

$481,998

$370,000

-1%

61

31

121

2017

$445,900

$343,500

-2%

93

50

151

2016

$489,623

$366,500

-3%

122

39

132

2015

$351,023

$320,000

-2%

47

35

133

11

/ Bourne / Cape Cod Q1 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area $420,000

140

$400,000

120 100

$380,000

80 $360,000 60 $340,000

40

$320,000

20

$300,000

0

2015

2016

2017

Median Selling Price

2018

Total Units Sold

About

Falmouth Falmouth, one of Cape Cod’s oldest resort communities, is accented by wonderful restaurants and shopping along Main Street and a vibrant art and cultural center. Located just across the Sound from Martha’s Vineyard, it is easy to catch a ferry to the island for a day trip. sothebyshomes.com/capecod

Q1

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2018 v 2017}

Change

30%

6%

-

2018

$615,644

$415,000

-5%

2017

$474,129

$392,000

2016

$473,716

2015

$479,055

Cape Cod Q1 Market Update / Falmouth / 12

-25%

-23%

176

90

97

-2%

238

120

125

$349,500

-6%

257

92

156

$364,000

-4%

110

99

164

at a glance {Q1 | 2018}

falmouth

6

%

Change in Median Selling Price {2018 v 2017}

-25

%

Change in Units Sold {2018 v 2017}

90 Units Sold

415k

$

Median Selling Price

at a glance {Q1 | 2018}

mashpee

5

%

Change in Median Selling Price {2018 v 2017}

-3

%

Change in Units Sold {2018 v 2017}

56 Units Sold

420k

$

Median Selling Price

|

Median Selling Price Total Units Sold Units vs Median - Area

$450,000

70

$400,000

60

$350,000 50

$300,000 $250,000

40

$200,000

30

$150,000

20

$100,000 10

$50,000 $-

0

2015

2016

2017

2018

Median Selling Price

Total Units Sold

About

Mashpee Purchased in 1660 to be set aside for Native Americans, Mashpee Plantation was the first reservation in the United States and still has a strong Wampanoag culture and history. Mashpee includes the villages of New Seabury and Popponesset. sothebyshomes.com/capecod

Q1

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2018 v 2017}

Change

-14%

5%

-

-3%

-13%

2018

$508,324

$419,623

-2%

166

56

122

2017

$590,073

$400,245

-4%

202

58

140

2016

$440,570

$324,750

-2%

220

40

192

2015

$478,174

$405,000

-4%

71

35

177

15

/ Mashpee / Cape Cod Q1 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area

$375,000

90

$370,000

80

$365,000

70

$360,000

60

$355,000 $350,000

50

$345,000

40

$340,000

30

$335,000

20

$330,000 $325,000

10

$320,000

0

2015

2016

2017

Median Selling Price

2018

Total Units Sold

About

Sandwich The oldest town on Cape Cod, Sandwich reflects its colonial heritage to this day. Within the village, many historic homes have been restored and repurposed as quaint B&Bs, restaurants or shops. There is also a wealth of historic sites, museums, beautiful nature trails and north-side beaches. sothebyshomes.com/capecod

Q1

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2018 v 2017}

Change

11%

3%

-

2018

$431,228

$370,000

-3%

2017

$388,401

$359,000

2016

$392,909

2015

$373,426

Cape Cod Q1 Market Update / Sandwich / 16

-34%

8%

108

47

122

0%

136

71

113

$341,500

-3%

149

82

154

$340,000

-1%

67

43

156

at a glance {Q1 | 2018}

sandwich

3

%

Change in Median Selling Price {2018 v 2017}

-34

%

Change in Units Sold {2018 v 2017}

47 Units Sold

370k

$

Median Selling Price

Market Snapshot Mid Cape

Active by Price - Mid Cape Units by area - Market Snapshot

350

300

Dennis

250

Barnstable

200

150

100

Yarmouth 50

Total Units Sold 129 99 62

Dennis

Dennis

Yarmouth

Barnstable

Barnstable

Yarmouth

0

Active Inventory by Price Point & Area

Barnstable

Under $250k

Yarmouth

$250-$500k

Dennis

$500k - $1M $1 - $2M $2M+

mid cape

Barnstable Yarmouth Dennis

Mid Cape - Median

Sold Volume by Price point - Market Snapshot Below $250K

$2M and Above

$380,000 $370,000 $360,000

$1M-$2M

$350,000 $340,000

$250K-$500K

$330,000

$500K - $1M

$320,000 $310,000

Dennis

Yarmouth

Barnstable

$300,000

Below $250K

$250K-$500K

Median Selling Price 374k $ 325k $ 360k $

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 4% 48 % 28 % 7% 13 %

Barnstable Yarmouth Dennis

19

Under $250k $250-$500k $500k - $1M $1 - $2M $2M+

/ Mid Cape Highlights / Cape Cod Q1 Market Update

at a glance {Q1 | 2018}

barnstable

7

%

Change in Median Selling Price {2018 v 2017}

-25

%

Change in Units Sold {2018 v 2017}

129 Units Sold

374k

$

Median Selling Price

|

Median Selling Price Total Units Sold Units vs Median - Area $400,000

200

$350,000

180 160

$300,000

140

$250,000

120

$200,000

100

$150,000

80 60

$100,000

40

$50,000

20

$-

0

2015

2016

2017

2018

Median Selling Price

Total Units Sold

About

Barnstable The town of Barnstable consists of seven villages and is the largest community both in land area and population on Cape Cod. It is also the center of county institutions as well as the economic and commercial center of the Cape. sothebyshomes.com/capecod

Q1

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2018 v 2017}

Change

20%

7%

-

-25%

-30%

2018

$614,555

$374,000

-4%

298

129

107

2017

$513,005

$349,500

-3%

355

172

152

2016

$541,614

$317,000

-4%

415

148

168

2015

$519,560

$305,000

-4%

173

110

139

21

/ Barnstable / Cape Cod Q1 Market Update

barnstable

Town Highlights Barnstable {Median Selling Price | Over Four Years} $460,000

11

$440,000 $420,000

Units Sold

110

$400,000 $380,000

Average DOM $360,000 $340,000

2015

2016

2017

2018

Centerville {Median Selling Price | Over Four Years} $400,000 $350,000 $300,000

-3.2

%

Discount Ratio

32

Units Sold

$250,000

115

$200,000 $150,000

Average DOM

$100,000 $50,000 $-

2015

2016

2017

2018

-3.7

%

Discount Ratio

barnstable town highlights

Cotuit {Median Selling Price | Over Four Years} $600,000

10

$500,000 $400,000

Units Sold

93

$300,000 $200,000

Average DOM

$100,000 $-

2015

2016

2017

2018

-5.5

%

Discount Ratio

Hyannisport/West Hyannisport {Median Selling Price | Over Four Years} $1,200,000

5

$1,000,000

Units Sold

$800,000

108

$600,000 $400,000

Average DOM

$200,000 $-

2015

2016

2017

2018

Osterville {Median Selling Price | Over Four Years} $1,800,000

$1,600,000 $1,400,000

0

%

Discount Ratio

15

Units Sold

$1,200,000

154

$1,000,000 $800,000 $600,000

Average DOM

$400,000

-3.4

%

$200,000 $-

2015

2016

2017

2018

23

Discount Ratio

/ Barnstable Town Highlights / Cape Cod Q1 Market Update

| Units vs Median - Area

Median Selling Price Total Units Sold $330,000

120

$320,000

100

$310,000 $300,000

80

$290,000

60

$280,000 $270,000

40

$260,000

20

$250,000 $240,000

0

2015

2016

2017

Median Selling Price

2018

Total Units Sold

About

Yarmouth Yarmouth consists of the villages of Yarmouth Port, Bass River, Great Island, South Yarmouth, West Yarmouth and Yarmouth. With shorelines along both the north and the south side of the Cape, each of Yarmouth’s villages has its own distinct character. sothebyshomes.com/capecod

Q1

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2018 v 2017}

Change

19%

12%

-

2018

$415,413

$325,000

-1%

2017

$350,287

$289,000

2016

$338,149

2015

$326,907

Cape Cod Q1 Market Update / Yarmouth / 24

0%

-8%

143

99

97

-4%

171

99

106

$274,200

-4%

161

94

133

$272,000

-6%

92

74

150

at a glance {Q1 | 2018}

yarmouth

12

%

Change in Median Selling Price {2018 v 2017}

0

%

Change in Units Sold {2018 v 2017}

99 Units Sold

325k

$

Median Selling Price

at a glance {Q1 | 2018}

dennis

-7

%

Change in Median Selling Price {2018 v 2017}

17

%

Change in Units Sold {2018 v 2017}

62 Units Sold

360k

$

Median Selling Price

|

Median Selling Price Total Units Sold Units vs Median - Area

$450,000

70

$400,000

60

$350,000 50

$300,000 $250,000

40

$200,000

30

$150,000

20

$100,000 10

$50,000 $-

0

2015

2016

2017

2018

Median Selling Price

Total Units Sold

About

Dennis Another of Cape Cod’s historic treasures, Dennis offers a bit of everything for everyone. Its southern coastline features one of Cape Cod’s most visited sandy shores, West Dennis Beach, punctuated by cottage colonies and salt-air breezes. sothebyshomes.com/capecod

Q1

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2018 v 2017}

Change

-5%

-7%

-

17%

-10%

2018

$449,190

$360,500

-2%

120

62

96

2017

$471,579

$389,000

-1%

164

53

108

2016

$386,135

$288,250

-5%

138

60

121

2015

$425,715

$367,500

-8%

77

47

184

27

/ Dennis / Cape Cod Q1 Market Update

Market Snapshot Q1

Active by Price - Lower Cape

Lower Cape

Units by area - Market Snapshot 160 140

Eastham

Brewster

120 100 80

Chatham Harwich

60 40 20

Orleans

Total Units Sold 27 44 22 37 23

Eastham

Eastham

Chatham

Chatham

Orleans

Orleans

Harwich

Harwich

Brewster

Brewster

0

Active Inventory by Price Point & Area

Brewster

Under $250k

Harwich

$250-$500k

Orleans

$500k - $1M

Chatham

$1 - $2M

Eastham

$2M+

lower cape

Brewster Harwich Orleans Chatham Eastham Sold Volume by Price point - Market Snapshot

Lower Cape - Median

$2M and Above

$800,000

Below $250K

$700,000 $600,000

$250K-$500K

$500,000

$1M-$2M

$400,000 $300,000 $200,000

$500K - $1M

$100,000

Eastham

Chatham

Orleans

Brewster

Harwich

$-

Below $250K

$250K-$500K

Median Selling Price 500k $ 437k $ 675k $ 705k $ 490k $

$500K - $1M

$1M-$2M

$2M and Above

Total Volume

by Price Point 0.9% 25 % 41.7 % 22.7 % 9.7%

Brewster Harwich Orleans Chatham Eastham

29

Under $250k $250-$500k $500k - $1M $1 - $2M $2M+

/ Lower Cape Highlights / Cape Cod Q1 Market Update

at a glance {Q1 | 2018}

brewster

19

%

Change in Median Selling Price {2018 v 2017}

-18

%

Change in Units Sold {2018 v 2017}

27 Units Sold

500k

$

Median Selling Price

|

Median Selling Price Total Units Sold Units vs Median - Area $600,000

40 35

$500,000

30 $400,000

25

$300,000

20 15

$200,000

10 $100,000

5

$-

0

2015

2016

2017

2018

Median Selling Price

Total Units Sold

About

Brewster Known as the “sea captain’s town,” Brewster is located on the north side of Cape Cod. Along Route 6A, the main thoroughfare, one can find remnants of its historic past - from stately sea captain’s homes now converted to B&Bs or private residences. sothebyshomes.com/capecod

Q1

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2018 v 2017}

Change

13%

19%

-

-18%

-20%

2018

$557,415

$500,300

-6%

66

27

130

2017

$493,048

$422,050

-2%

70

33

161

2016

$470,645

$429,950

-5%

72

28

142

2015

$511,873

$408,000

-7%

35

35

150

31

/ Brewster / Cape Cod Q1 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area

$500,000

60

$450,000 50

$400,000 $350,000

40

$300,000 $250,000

30

$200,000 20

$150,000 $100,000

10

$50,000 $-

0

2015

2016

2017

Median Selling Price

2018

Total Units Sold

About

Harwich Harwich is located to the south of Brewster and is home to some of the most beautiful harbors on Cape Cod. There are many deep-water ports to provide shelter from a storm in Harwich. sothebyshomes.com/capecod

Q1

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2018 v 2017}

Change

33%

11%

-

2018

$584,822

$437,000

-3%

2017

$440,413

$393,000

2016

$387,731

2015

$497,732

Cape Cod Q1 Market Update / Harwich / 32

-15%

-37%

84

44

98

-4%

100

52

154

$330,000

-3%

129

42

131

$389,500

-7%

44

46

122

at a glance {Q1 | 2018}

harwich

11

%

Change in Median Selling Price {2018 v 2017}

-15

%

Change in Units Sold {2018 v 2017}

44 Units Sold

437k

$

Median Selling Price

at a glance {Q1 | 2018}

orleans

-13

%

Change in Median Selling Price {2018 v 2017}

57

%

Change in Units Sold {2018 v 2017}

22 Units Sold

675k

$

Median Selling Price

| Units vs Median - Area

Median Selling Price Total Units Sold $900,000

30

$800,000

25

$700,000 $600,000

20

$500,000

15

$400,000 $300,000

10

$200,000

5

$100,000 $-

0

2015

2016

2017

2018

Median Selling Price

Total Units Sold

About

Orleans Orleans is the hub of the Lower Cape, with a large downtown which hosts many fine restaurants, shops and services. From picturesque Rock Harbor on its north side to the peaceful shelter of Town Cove off the Atlantic on the south, Orleans has something for everyone. sothebyshomes.com/capecod

Q1

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2018 v 2017}

Change

-11%

-13%

-

57%

28%

2018

$757,575

$675,000

-1%

59

22

177

2017

$851,500

$777,500

-5%

77

14

138

2016

$811,342

$741,350

-3%

77

24

248

2015

$769,096

$603,750

-10%

25

26

193

35

/ Orleans / Cape Cod Q1 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area

$900,000

45

$800,000

40

$700,000

35

$600,000

30

$500,000

25

$400,000

20

$300,000

15

$200,000

10

$100,000

5

$-

0

2015

2016

2017

Median Selling Price

2018

Total Units Sold

About

Chatham Few places encompass the historic charm of this quaint “fishing village� by the sea. Chatham is home to a picture-perfect Main Street with village shops, world-class inns and wonderful restaurants. sothebyshomes.com/capecod

Q1

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2018 v 2017}

Change

-2%

15%

-

2018

$866,422

$705,000

-6%

2017

$884,223

$615,000

2016

$1,261,771

2015

$820,968

Cape Cod Q1 Market Update / Chatham / 36

12%

-13%

142

37

151

-4%

172

33

173

$772,000

-3%

175

31

220

$626,750

-5%

50

40

203

at a glance {Q1 | 2018}

chatham

15

%

Change in Median Selling Price {2018 v 2017}

12

%

Change in Units Sold {2018 v 2017}

37 Units Sold

705k

$

Median Selling Price

at a glance {Q1 | 2018}

eastham

17

%

Change in Median Selling Price {2018 v 2017}

-4

%

Change in Units Sold {2018 v 2017}

23 Units Sold

490k

$

Median Selling Price

|

Median Selling Price Total Units Sold Units vs Median - Area

$600,000

30

$500,000

25

$400,000

20

$300,000

15

$200,000

10

$100,000

5

$-

0

2015

2016

2017

2018

Median Selling Price

Total Units Sold

About

Eastham Eastham was home to the site of the first meeting between the Pilgrims and Nauset Indians at First Encounter Beach in 1620 as well as Coast Guard Beach, which has been named one of the top ten beaches in the world. sothebyshomes.com/capecod

Q1

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2018 v 2017}

Change

-8%

17%

-

-4%

-33%

2018

$531,713

$490,000

-2%

57

23

94

2017

$575,789

$420,000

-3%

69

24

141

2016

$452,658

$405,000

-3%

84

19

198

2015

$515,476

$390,000

-7%

27

21

173

39

/ Eastham / Cape Cod Q1 Market Update

THOMAS MOLESWORTH Club Chair, Drum Table Lamp and Side Table, circa 1935-1950 Estimates $6,000–8,000, $8,000–12,000, $3,000–5,000 respectively

The Ruth and Jake Bloom Collection Auction New York 23 May 2018

Viewing 19–22 May 1334 YORK AVENUE, NEW YORK, NY 10021 ENQUIRIES +1 212 606 7170 20THCENTURYDESIGN@SOTHEBYS.COM SOTHEBYS.COM/MOLESWORTH