Q1 2019 | Cape Cod Market Update

Q1 | 2019

Cape Cod

Market Update

WOODS HOLE WATERVIEWS

188gansett.com Offered at $6,900,000

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

508.548.2522

osterville brokerage

508.428.9115

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

700

Units by Region

600

500

Lower Cape Upper Cape

400

300

200

Mid Cape

100

Total Units Sold 229 308 153

Lower Cape

Active Inventory by Price Point & Area

Upper Cape

Under $250k

Mid Cape

$250-$500k

Lower Cape

$500k - $1m $1 - $2m $2m+

Lower Cape

Mid Cape

Mid Cape

Upper Cape

Upper Cape

-

Q1 Highlights

Median by Region

All Cape Cod

Sales volume by price points Below $250k

$600,000

$2m and Above

$500,000

$400,000

$250k-$500k $1m-$2m

$300,000

$200,000

$100,000

$500k-$1m

Median Selling Price 412k $ 365k $ 493k $

Lower Cape

Mid Cape

Upper Cape

$-

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 2% 32 % 28 % 14 % 18 %

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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sothebyshomes.com/capecod

7

/ Cape Cod Featured Properties / Cape Cod Q1 Market Update

Market Snapshot

Active by Price - Upper Cape

Upper Cape

Q1

250

Units by area - Market Snapshot 200

Bourne Mashpee 150

100

Sandwich

Falmouth 50

Total Units Sold 28 96 48 57

Mashpee

Active Inventory by Price Point & Area

Bourne

Under $250k

Falmouth

$250-$500k

Mashpee

$500k - $1m

Sandwich

$1 - $2m $2m+

Mashpee

Sandwich

Sandwich

Falmouth

Falmouth

Bourne

Bourne

0

upper cape

Bourne Falmouth Mashpee Sandwich

Upper Cape - Median

Sales volume by price points

$500,000

Below $250k

$450,000 $400,000

$2m and Above

$350,000 $300,000

$250k-$500k

$250,000

$1m-$2m

$200,000 $150,000 $100,000

$500k-$1m

$50,000

Median Selling Price 351k $ 472k $ 411k $ 385k $

Sandwich

Mashpee

Falmouth

Bourne

$-

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 2.5 % 40.2 % 32.6 % 6.1 % 18.7 %

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 | 2019}

bourne

28 -10 Units Sold

%

Change in Units Sold {2019 v 2018}

351k -5 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

Median Selling Price Total Units Sold Units vs Median - Area

$375,000

60

$370,000

50

$365,000 $360,000

40

$355,000

30

$350,000 $345,000

20

$340,000

10

$335,000 $330,000

0

2016

2017

2018

2019

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

{2019 v 2018}

Change

-25%

-5%

-

-28%

-10%

-36%

2019

$362,968

$350,750

96%

67

28

78

2018

$481,998

$370,000

95%

93

31

121

2017

$445,900

$343,500

95%

122

50

151

2016

$489,623

$366,500

95%

47

39

132

11

/ Bourne / Cape Cod Q1 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area $500,000

140

$450,000

120

$400,000

100

$350,000 $300,000

80

$250,000 60

$200,000 $150,000

40

$100,000

20

$50,000 $-

0

2016

2017

2018

Median Selling Price

2019

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

{2019 v 2018}

Change

8%

14%

-

-17%

7%

5%

2019

$662,866

$472,000

96%

198

96

102

2018

$615,644

$415,000

94%

238

90

97

2017

$474,129

$392,000

96%

257

120

125

2016

$473,716

$349,500

91%

110

92

156

Cape Cod Q1 Market Update / Falmouth / 12

at a glance {Q1 | 2019}

falmouth

96 7 Units Sold

%

Change in Units Sold {2019 v 2018}

472k 14 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q1 | 2019}

mashpee

48 -14 Units Sold

%

Change in Units Sold {2019 v 2018}

411k -2 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

2016

2017

2018

2019

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

{2019 v 2018}

Change

15%

-2%

-

-23%

-14%

16%

2019

$586,281

$410,500

94%

156

48

142

2018

$508,324

$419,623

96%

202

56

122

2017

$590,073

$400,245

94%

220

58

140

2016

$440,570

$324,750

96%

71

40

192

15

/ Mashpee / Cape Cod Q1 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area $390,000

90

$380,000

80 70

$370,000

60

$360,000

50

$350,000

40

$340,000

30

$330,000

20

$320,000

10

$310,000

0

2016

2017

2018

Median Selling Price

2019

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

{2019 v 2018}

Change

-1%

4%

-

-1%

21%

-35%

2019

$426,302

$385,000

96%

135

57

79

2018

$431,228

$370,000

96%

136

47

122

2017

$388,401

$359,000

96%

1449

71

113

2016

$392,909

$341,500

96%

67

82

154

Cape Cod Q1 Market Update / Sandwich / 16

at a glance {Q1 | 2019}

sandwich

57 21 Units Sold

%

Change in Units Sold {2019 v 2018}

385k 4 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

Market Snapshot Mid Cape

Q1

Active by Price - Mid Cape

Units by area - Market Snapshot400 350 300

Dennis

250

Barnstable

200 150 100

Yarmouth

50

Total Units Sold 140 100 68

Dennis

Dennis

Yarmouth

Yarmouth

Barnstable

Barnstable

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 $410,000

Below $250k

$2m and Above

$400,000 $390,000 $380,000 $370,000

$1m-$2m

$360,000

$250k-$500k

$350,000 $340,000

$500k-$1m

$330,000 $320,000

Dennis

Yarmouth

Barnstable

$310,000

Below $250K

$250K-$500K

Median Selling Price 381k $ 343k $ 405k $

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 3.6 % 47 % 24.3 % 13 % 12.1 %

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 | 2019}

barnstable

140 9 Units Sold

%

Change in Units Sold {2019 v 2018}

381k 2 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

Median Selling Price Total Units Sold Units vs Median - Area $450,000

200

$400,000

180

$350,000

160 140

$300,000

120

$250,000

100

$200,000

80

$150,000

60

$100,000

40

$50,000

20

$-

0

2016

2017

2018

2019

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

{2019 v 2018}

Change

-8%

2%

-

-6%

9%

-14%

2019

$564,568

$381,250

93%

334

140

92

2018

$614,555

$374,000

91%

355

129

107

2017

$513,005

$349,500

94%

415

172

152

2016

$541,614

$317,000

91%

173

148

168

21

/ Barnstable / Cape Cod Q1 Market Update

barnstable

Town Highlights Barnstable {Average Selling Price | Over Four Years}

7

$900,000 $800,000

Units Sold

$700,000

106

$600,000 $500,000 $400,000

Average DOM

90

$300,000

%

$200,000 $100,000

List/Sale Ratio

$-

2016

2017

2018

2019

Centerville {Average Selling Price | Over Four Years} $600,000 $500,000 $400,000

35

Units Sold

79

$300,000 $200,000

Average DOM $100,000 $-

2016

2017

2018

2019

93

%

List/Sale Ratio

barnstable town highlights

Cotuit {Average Selling Price | Over Four Years}

10

$800,000 $700,000

Units Sold

$600,000

84

$500,000 $400,000 $300,000

Average DOM

98

$200,000

%

$100,000 $-

2016

2017

2018

2019

List/Sale Ratio

Hyannisport/West Hyannisport {Average Selling Price | Over Four Years} $1,800,000

7

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

Units Sold

$1,200,000

106

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

Average DOM

$400,000

87

%

$200,000 $-

2016

2017

2018

2019

Osterville {Average Selling Price | Over Four Years} $2,000,000

$1,800,000 $1,600,000 $1,400,000

List/Sale Ratio

17

Units Sold

$1,200,000

131

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

Average DOM

$400,000 $200,000 $-

2016

2017

2018

2019

23

91

%

List/Sale Ratio

/ Barnstable Town Highlights / Cape Cod Q1 Market Update

|

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

101 100

$350,000

99

$300,000

98

$250,000

97

$200,000

96 95

$150,000

94

$100,000

93

$50,000

92

$-

91

2016

2017

2018

Median Selling Price

2019

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

{2019 v 2018}

Change

-6%

5%

-

0%

1%

-7%

2019

$389,967

$342,750

95%

171

100

89

2018

$415,413

$325,000

97%

171

99

97

2017

$350,287

$289,000

95%

161

99

106

2016

$338,149

$274,200

96%

92

94

133

Cape Cod Q1 Market Update / Yarmouth / 24

at a glance {Q1 | 2019}

yarmouth

100 1 Units Sold

%

Change in Units Sold {2019 v 2018}

343k 5 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q1 | 2019}

dennis

68 10 Units Sold

%

Change in Units Sold {2019 v 2018}

405k 12 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

Median Selling Price Total Units Sold Units vs Median - Area $450,000

80

$400,000

70

$350,000

60

$300,000

50

$250,000

40

$200,000

30

$150,000

20

$100,000

10

$50,000 $-

0

2016

2017

2018

2019

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

{2019 v 2018}

Change

16%

12%

-

-8%

10%

-3%

2019

$519,745

$405,000

94%

151

68

93

2018

$449,190

$360,500

96%

164

62

96

2017

$471,579

$389,000

95%

138

53

108

2016

$386,135

$288,250

95%

77

60

121

27

/ Dennis / Cape Cod Q1 Market Update

Market Snapshot Q1

Active by Price - Lower Cape

Lower Cape

Units by area - Market Snapshot 160

Eastham

Brewster

140 120 100 80

Chatham

60

Harwich

40 20

Orleans

Total Units Sold 27 65 16 31 24

Eastham

Active Inventory by Price Point & Area

Brewster

Under $250k

Harwich

$250-$500k

Orleans

$500k - $1m

Chatham

$1 - $2m

Eastham

$2m+

Eastham

Chatham

Chatham

Orleans

Orleans

Harwich

Harwich

Brewster

Brewster

0

lower cape

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

Lower Cape - Median

Below $250k $1,200,000

$2m and Above

$1,000,000

$250k-$500k

$800,000

$600,000

$400,000

$1m-$2m

$500k-$1m

$200,000

Eastham

Chatham

Orleans

Brewster

Harwich

$-

Below $250K

$250K-$500K

Median Selling Price 460k $ 430k $ 625k $ 1m $ 470k

$

$500K - $1M

$1M-$2M

$2M and Above

Total Volume

by Price Point 0.2% 25.6% 27% 22.2% 25.2%

Brewster Harwich Orleans Chatham Eastham

29

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

/ Lower Cape Highlights / Cape Cod Q1 Market Update

at a glance {Q1 | 2019}

brewster

27 0 Units Sold

%

Change in Units Sold {2019 v 2018}

460k -8 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

Median Selling Price Total Units Sold Units vs Median - Area $520,000

35

$500,000

30

$480,000

25

$460,000

20

$440,000 15

$420,000

10

$400,000 $380,000

5

$360,000

0

2016

2017

2018

2019

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

{2019 v 2018}

Change

-3%

-8%

-

17%

0%

-31%

2019

$541,033

$460,000

96%

82

27

89

2018

$557,415

$500,300

97%

70

27

130

2017

$493,048

$422,050

96%

72

33

161

2016

$470,645

$429,950

96%

35

28

142

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

2016

2017

2018

Median Selling Price

2019

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

{2019 v 2018}

Change

8%

-2%

-

15%

25%

14%

2019

$633,633

$430,000

96%

115

55

111

2018

$584,822

$437,000

97%

100

44

98

2017

$440,413

$393,000

95%

129

52

154

2016

$387,731

$330,000

96%

44

42

131

Cape Cod Q1 Market Update / Harwich / 32

at a glance {Q1 | 2019}

harwich

55 25 Units Sold

%

Change in Units Sold {2019 v 2018}

430k -2 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q1 | 2019}

orleans

16 -27 Units Sold

%

Change in Units Sold {2019 v 2018}

625k -7 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

Median Selling Price Total Units Sold Units vs Median - Area $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

2016

2017

2018

2019

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

{2019 v 2018}

Change

-10%

-7%

-

-1%

-27%

12%

2019

$684,088

$624,700

93%

76

16

198

2018

$757,575

$675,000

95%

77

22

177

2017

$851,500

$777,500

93%

77

14

138

2016

$811,342

$741,350

94%

25

24

248

35

/ Orleans / Cape Cod Q1 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area

$1,200,000

38 37

$1,000,000

36 35

$800,000

34 $600,000

33 32

$400,000

31 30

$200,000

29 $-

28

2016

2017

2018

Median Selling Price

2019

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

{2019 v 2018}

Change

75%

49%

-

-15%

-16%

145%

2019

$1,514,384

$1,050,000

95%

146

31

369

2018

$866,422

$705,000

94%

172

37

151

2017

$884,223

$615,000

93%

175

33

173

2016

$1,261,771

$772,000

90%

50

31

220

Cape Cod Q1 Market Update / Chatham / 36

at a glance {Q1 | 2019}

chatham

31 -16 Units Sold

%

Change in Units Sold {2019 v 2018}

1.05m 49 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q1 | 2019}

eastham

24 4 Units Sold

%

Change in Units Sold {2019 v 2018}

470k -4 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

2016

2017

2018

2019

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

{2019 v 2018}

Change

0%

-4%

-

9%

4%

32%

2019

$530,058

$469,950

96%

75

24

123

2018

$531,713

$490,000

97%

69

23

94

2017

$575,789

$420,000

95%

84

24

141

2016

$452,658

$405,000

92%

27

19

198

39

/ Eastham / Cape Cod Q1 Market Update

UNRIVALED

GLOBAL PERFORMANCE

$112 BILLION ANOTHER RECORD YEAR IN ANNUAL GLOBAL SALES IN 2018

990 22,500 72 OFFICES

AGENTS

COUNTRIES

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