Cape Cod Market Update | Q1 2020

Q1 | 2020

Cape Cod

Market Update

CHAPOQUOIT ISLAND WATERFRONT

26associatesroad.com Offered at $6,675,000

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

All Cape Cod

Active Inventory by price points

Units by Region 500 450 400

Lower Cape

350

Upper Cape

300 250 200 150 100

Mid Cape

50

Total Units Sold 241 315 176

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

$500,000

$2m and Above

$400,000

$1m-$2m

$250k-$500k

$300,000

$200,000

$100,000

$500k-$1m

Median Selling Price 405k $ 353k $ 536k

$

Lower Cape

Mid Cape

Upper Cape

$-

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 3% 36 % 32 % 15 % 14 %

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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7

/ Cape Cod Featured Properties / Cape Cod Q1 Market Update

Market Snapshot Upper Cape

Q1

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

140

120

Bourne 100

Mashpee

80

60

Sandwich

Falmouth

40

20

Total Units Sold 33 99 58 51

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

Sold Volume by Price point - Market Snapshot $2m and Above

$430,000

Below $250k

$420,000 $410,000

$1m-$2m

$400,000 $390,000

$250k-$500k

$380,000 $370,000

$500k-$1m

$360,000 $350,000

Median Selling Price 380k $ 420k $420k $ 369k $

Sandwich

Mashpee

Falmouth

Bourne

$340,000

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 4% 38 % 33 % 16 % 9%

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 | 2020}

bourne

33 -21 Units Sold

%

Change in Units Sold {2020 v 2019}

380k 16 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

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

50

$380,000

45

$370,000

40 35

$360,000

30

$350,000

25

$340,000

20

$330,000

15

$320,000

10

$310,000

5

$300,000

0

2017

2018

2019

2020

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

{2020 v 2019}

Change

29%

16%

-

-23%

-21%

-3%

2020

$481,256

$380,000

95%

47

33

143

2019

$373,936

$327,500

95%

61

42

147

2018

$503,911

$355,000

94%

93

36

160

2017

$433,789

$335,000

97%

122

45

103

11

/ Bourne / Cape Cod Q1 Market Update

|

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

140

$400,000

120

$350,000 100

$300,000 $250,000

80

$200,000

60

$150,000

40

$100,000 20

$50,000 $-

0

2017

2018

2019

Median Selling Price

2020

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

{2020 v 2019}

Change

31%

15%

-

-25%

-7%

-14%

2020

$627,934

$420,000

94%

132

99

142

2019

$479,875

$364,000

91%

176

107

166

2018

$445,699

$349,500

93%

238

84

125

2017

$500,677

$395,000

95%

257

126

129

Cape Cod Q1 Market Update / Falmouth / 12

at a glance {Q1 | 2020}

falmouth

99 -7 Units Sold

%

Change in Units Sold {2020 v 2019}

420k 15 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

at a glance {Q1 | 2020}

mashpee

58 45 Units Sold

%

Change in Units Sold {2020 v 2019}

420k 11 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

Median Selling Price Total Units Sold Units vs Median - Area 70

$500,000 $450,000

60

$400,000

50

$350,000 $300,000

40

$250,000 30

$200,000 $150,000

20

$100,000

10

$50,000

0

$-

2017

2018

2019

2020

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

{2020 v 2019}

Change

0%

11%

-

-32%

45%

-34%

2020

$512,692

$419,623

96%

113

58

141

2019

$510,295

$379,500

94%

166

40

215

2018

$435,300

$345,000

95%

202

42

164

2017

$682,797

$435,000

92%

220

58

145

15

/ Mashpee / Cape Cod Q1 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area $380,000

80

$370,000

70

$360,000

60

$350,000

50

$340,000

40

$330,000

30

$320,000

20

$310,000

10

$300,000

0

2017

2018

2019

Median Selling Price

2020

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

{2020 v 2019}

Change

8%

1%

-

3%

-7%

-22%

2020

$426,132

$369,177

96%

111

51

149

2019

$394,715

$365,000

96%

108

55

190

2018

$388,056

$328,000

96%

136

72

122

2017

$398,132

$357,000

97%

1449

68

104

Cape Cod Q1 Market Update / Sandwich / 16

at a glance {Q1 | 2020}

sandwich

51 -7

Units Sold

%

Change in Units Sold {2020 v 2019}

369k 1 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

Market Snapshot Mid Cape

Q1

Units by area - Market Snapshot

Active by Price - Mid Cape

250

Dennis

200

Barnstable

150

100

Yarmouth

50

Total Units Sold 138 107 70

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 Below $250k

$2m and Above

$380,000 $370,000 $360,000 $350,000

$1m-$2m

$340,000

$250k-$500k

$330,000 $320,000

$500k-$1m

$310,000 $300,000

Dennis

Yarmouth

Barnstable

$290,000

Below $250K

$250K-$500K

Median Selling Price 375k $ 320k $ 370k $

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 4% 43% 26% 7% 19%

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 | 2020}

barnstable

138 6 Units Sold

%

Change in Units Sold {2020 v 2019}

375k 21 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

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

$-

2017

2018

2019

2020

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

{2020 v 2019}

Change

7%

21%

-

-25%

6%

-28%

2020

$623,480

$374,500

91%

223

138

130

2019

$581,411

$308,500

92%

298

130

181

2018

$578,681

$320,600

91%

355

143

176

2017

$442,487

$340,000

95%

415

158

104

21

/ Barnstable / Cape Cod Q1 Market Update

barnstable

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

11

$1,000,000 $900,000

Units Sold

$800,000

110

$700,000 $600,000 $500,000

Average DOM

$400,000

96

%

$300,000 $200,000 $100,000

List/Sale Ratio

$-

2017

2018

2019

2020

Centerville {Average Selling Price | Over Four Years} $420,000 $410,000

32

Units Sold

$400,000

115

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

Average DOM

95

$360,000

%

$350,000 $340,000

List/Sale Ratio

$330,000

2017

2018

2019

2020

barnstable town highlights

Cotuit {Average Selling Price | Over Four Years}

11

$800,000 $700,000

Units Sold

$600,000

188

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

Average DOM

11

$200,000

%

$100,000 $-

2017

2018

2019

2020

List/Sale Ratio

Hyannisport/West Hyannisport {Average Selling Price | Over Four Years}

5

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

Units Sold

$1,200,000

103

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

Average DOM

$400,000

89

%

$200,000 $-

2017

2018

2019

2020

Osterville {Average Selling Price | Over Four Years} $2,000,000 $1,800,000 $1,600,000

List/Sale Ratio

18

Units Sold

$1,400,000

188

$1,200,000 $1,000,000 $800,000

Average DOM

$600,000 $400,000

84

%

$200,000 $-

2017

2018

2019

2020

23

List/Sale Ratio

/ Barnstable Town Highlights / Cape Cod Q1 Market Update

|

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

2017

2018

2019

Median Selling Price

2020

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

{2020 v 2019}

Change

13%

17%

-

-8%

32%

-9%

2020

$408,854

$320,000

97%

131

107

128

2019

$361,119

$274,000

95%

143

81

140

2018

$315,391

$271,000

97%

171

87

125

2017

$355,042

$297,000

95%

161

99

100

Cape Cod Q1 Market Update / Yarmouth / 24

at a glance {Q1 | 2020}

yarmouth

107 32 Units Sold

%

Change in Units Sold {2020 v 2019}

320k 17 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

at a glance {Q1 | 2020}

dennis

70 49 Units Sold

%

Change in Units Sold {2020 v 2019}

370k 3 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

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

2017

2018

2019

2020

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

{2020 v 2019}

Change

4%

3%

-

-29%

49%

-5%

2020

$452,525

$369,600

96%

85

70

141

2019

$435,715

$360,000

94%

120

47

150

2018

$374,793

$289,000

95%

164

55

120

2017

$493,170

$389,500

94%

138

54

102

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 31 46 27 47 25

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

Lower Cape - Median

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

$2m and Above

$800,000 $700,000

$250k-$500k

$600,000 $500,000

$1m-$2m

$400,000 $300,000

$500k-$1m

$200,000 $100,000

Eastham

Chatham

Orleans

Brewster

Harwich

$-

Below $250K

$250K-$500K

Median Selling Price 515k $ 437k $ 640k $ 719k $ 490k $

$500K - $1M

$1M-$2M

$2M and Above

Total Volume

by Price Point 1% 23% 38% 25% 14%

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 | 2020}

brewster

31 -14 Units Sold

%

Change in Units Sold {2020 v 2019}

515k 27 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

Median Selling Price Total Units Sold Units vs Median - Area 40

$600,000

35

$500,000

30 $400,000

25

$300,000

20 15

$200,000

10 $100,000

5

$-

0

2017

2018

2019

2020

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

{2020 v 2019}

Change

14%

27%

-

-21%

-14%

27%

2020

$572,452

$515,000

96%

52

31

170

2019

$504,195

$404,000

94%

66

36

134

2018

$486,791

$440,000

96%

70

29

182

2017

$471,222

$422,050

97%

72

29

108

31

/ Brewster / Cape Cod Q1 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area 60

$500,000 $450,000

50

$400,000 $350,000

40

$300,000 30

$250,000 $200,000

20

$150,000 $100,000

10

$50,000 0

$-

2017

2018

2019

Median Selling Price

2020

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

{2020 v 2019}

Change

13%

7%

-

-11%

-10%

-22%

2020

$576,786

$437,000

97%

75

46

108

2019

$510,385

$407,000

95%

84

51

139

2018

$363,736

$330,000

96%

100

39

158

2017

$511,769

$402,500

95%

129

54

138

Cape Cod Q1 Market Update / Harwich / 32

at a glance {Q1 | 2020}

harwich

46 -10 Units Sold

%

Change in Units Sold {2020 v 2019}

437k 7 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

at a glance {Q1 | 2020}

orleans

27 -18 Units Sold

%

Change in Units Sold {2020 v 2019}

640k -17 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

Median Selling Price Total Units Sold Units vs Median - Area 35

$900,000 $800,000

30

$700,000 25

$600,000 $500,000

20

$400,000

15

$300,000

10

$200,000 5

$100,000 $-

0

2017

2018

2019

2020

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

{2020 v 2019}

Change

4%

-17%

-

37%

-18%

12%

2020

$822,931

$640,000

95%

81

27

232

2019

$792,348

$771,500

95%

59

33

208

2018

$662,977

$515,000

94%

77

13

182

2017

$772,356

$674,700

93%

77

18

172

35

/ Orleans / Cape Cod Q1 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area $1,000,000

50

$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

2017

2018

2019

Median Selling Price

2020

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

{2020 v 2019}

Change

3%

15%

-

0%

24%

4%

2020

$937,389

$719,000

94%

142

47

213

2019

$914,449

$626,750

94%

142

38

204

2018

$1,094,774

$680,000

90%

172

27

164

2017

$1,100,008

$880,000

95%

175

43

328

Cape Cod Q1 Market Update / Chatham / 36

at a glance {Q1 | 2020}

chatham

47 24 Units Sold

%

Change in Units Sold {2020 v 2019}

719k 15 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

at a glance {Q1 | 2020}

eastham

25 4 Units Sold

%

Change in Units Sold {2020 v 2019}

490k 26 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

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

2017

2018

2019

2020

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

{2020 v 2019}

Change

-3%

26%

-

-4%

4%

-48%

2020

$525,096

$490,000

97%

55

25

116

2019

$539,979

$387,500

92%

57

24

221

2018

$400,124

$405,000

95%

69

17

147

2017

$575,413

$420,000

95%

84

25

154

39

/ Eastham / Cape Cod Q1 Market Update

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