Cape Cod Market Update | Q2 2018

Q2 | 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

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 Q2

Active Inventory by price points

All Cape Cod

800

Units by Region 700 600 500

Lower Cape Upper Cape

400 300 200

Mid Cape

100

Total Units Sold 507 530 328

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+

Q2 Highlights

Median by Region

All Cape Cod

Sales volume by price points

$500,000

Below $250K

$450,000 $400,000

$2M and Above

$350,000 $300,000

$1M-$2M

$250,000

$250K-$500K

$200,000 $150,000

$500K - $1M

$100,000 $50,000

Median Selling Price 400k $ 360k $ 467k

$

Lower Cape

Mid Cape

Upper Cape

$-

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 4% 41 % 29 % 13 % 13 %

Upper Cape Mid Cape Lower Cape

5

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

/ Q2 Highlights / Cape Cod Q2 Market Update

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Market Snapshot Q2

Active by Price - Upper Cape

Upper Cape

250

Units by area - Market Snapshot

200

Bourne Mashpee

150

100

Falmouth 50

Sandwich

Total Units Sold 78 182 105 142

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 $390,000

$1M-$2M

$380,000 $370,000

$250K-$500K

$360,000

$500K - $1M

$350,000 $340,000 $330,000

Median Selling Price 358k $ 416k $ 416k $ 399k $

Sandwich

Mashpee

Falmouth

Bourne

$320,000 Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 5% 42 % 31 % 10 % 12 %

Bourne Falmouth Mashpee Sandwich

9

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

/ Upper Cape / Cape Cod Q2 Market Update

at a glance {Q2 | 2018}

bourne

-3

%

Change in Median Selling Price {2018 v 2017}

-11

%

Change in Units Sold {2018 v 2017}

78 Units Sold

358k

$

Median Selling Price

|

Median Selling Price Total Units Sold Units vs Median - Area $370,000

100 90

$360,000

80 70

$350,000

60 $340,000

50 40

$330,000

30 20

$320,000

10 $310,000

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

Q2

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

{2018 v 2017}

Change

1%

-3%

-

-11%

-40%

2018

$446,031

$357,500

95%

81

78

61

2017

$440,621

$367,000

98%

107

88

103

2016

$449,837

$340,000

95%

129

69

113

2015

$362,739

$330,000

97%

151

57

138

11

/ Bourne / Cape Cod Q2 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area

$450,000

200

$440,000

195

$430,000

190

$420,000

185

$410,000

180

$400,000

175

$390,000

170

$380,000 $370,000

165

$360,000

160

$350,000

155

$340,000

150

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

Q2

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

{2018 v 2017}

Change

6%

-5%

-

2018

$573,410

$415,875

97%

2017

$542,116

$437,000

2016

$533,713

2015

$460,559

Cape Cod Q2 Market Update / Falmouth / 12

-8%

-14%

210

182

83

99%

238

197

96

$427,400

98%

276

194

131

$377,000

97%

373

167

136

at a glance {Q2 | 2018}

falmouth

-5

%

Change in Median Selling Price {2018 v 2017}

-8

%

Change in Units Sold {2018 v 2017}

182 Units Sold

416k

$

Median Selling Price

at a glance {Q2 | 2018}

mashpee

9

%

Change in Median Selling Price {2018 v 2017}

-8

%

Change in Units Sold {2018 v 2017}

142 Units Sold

416k

$

Median Selling Price

|

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

180

$400,000

160

$350,000

140

$300,000

120

$250,000

100

$200,000

80

$150,000

60

$100,000

40

$50,000

20

$-

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

Q2

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

{2018 v 2017}

Change

10%

9%

-

-8%

-5%

2018

$518,816

$416,250

97%

170

142

104

2017

$473,501

$382,500

98%

232

155

109

2016

$574,400

$420,000

99%

238

91

142

2015

$563,906

$349,700

100%

237

77

149

15

/ Mashpee / Cape Cod Q2 Market Update

|

Units vs Median - AreaUnits Sold Median Selling Price Total $410,000

160

$400,000

140

$390,000

120

$380,000 $370,000

100

$360,000

80

$350,000

60

$340,000

40

$330,000 $320,000

20

$310,000

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

Q2

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

{2018 v 2017}

Change

5%

12%

-

2018

$449,346

$399,000

97%

2017

$428,070

$355,000

2016

$400,851

2015

$420,615

Cape Cod Q2 Market Update / Sandwich / 16

-12%

-16%

165

105

88

96%

177

119

104

$350,000

97%

167

138

133

$345,000

99%

244

87

123

at a glance {Q2 | 2018}

sandwich

12

%

Change in Median Selling Price {2018 v 2017}

-12

%

Change in Units Sold {2018 v 2017}

105 Units Sold

399k

$

Median Selling Price

Market Snapshot Mid Cape

Units by area - Market Snapshot

Active by Price - Mid Cape

400 350 300

Dennis

250

Barnstable

200 150 100

Yarmouth 50

Total Units Sold 237 161 132

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

$390,000 $380,000 $370,000 $360,000

$1M-$2M

$350,000

$250K-$500K

$340,000

$500K - $1M

$330,000 $320,000

Dennis

Yarmouth

Barnstable

$310,000

Below $250K

$250K-$500K

Median Selling Price 381k $ 337k $ 336k $

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 6% 47 % 22 % 12 % 13 %

Barnstable Yarmouth Dennis

19

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

/ Mid Cape Highlights / Cape Cod Q2 Market Update

at a glance {Q2 | 2018}

barnstable

7

%

Change in Median Selling Price {2018 v 2017}

-7

%

Change in Units Sold {2018 v 2017}

237 Units Sold

381k

$

Median Selling Price

|

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

300

$380,000

250

$370,000 $360,000

200

$350,000

150

$340,000 $330,000

100

$320,000

50

$310,000 $300,000

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

Q2

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

{2018 v 2017}

Change

13%

7%

-

-7%

-22%

2018

$580,638

$381,000

98%

353

237

92

2017

$514,215

$355,000

97%

413

255

118

2016

$463,966

$330,000

97%

459

256

111

2015

$503,753

$329,950

97%

530

194

133

21

/ Barnstable / Cape Cod Q2 Market Update

barnstable

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

17

$600,000 $500,000

Units Sold

$400,000

104

$300,000 $200,000

Average DOM

$100,000 $-

2015

2016

2017

2018

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

-9.1

%

Discount Ratio

64

Units Sold

77

$250,000 $200,000 $150,000

Average DOM

$100,000 $50,000 $-

2015

2016

2017

2018

-1.6

%

Discount Ratio

barnstable town highlights

Cotuit {Median Selling Price | Over Four Years}

18

$600,000 $500,000

Units Sold

$400,000

87

$300,000 $200,000

Average DOM

$100,000 $-

2015

2016

2017

2018

-3.9

%

Discount Ratio

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

7

$3,000,000 $2,500,000

Units Sold

$2,000,000

106

$1,500,000 $1,000,000

Average DOM

$500,000 $-

2015

2016

2017

2018

Osterville {Median Selling Price | Over Four Years}

-6.2

%

Discount Ratio

42

$600,000 $500,000

Units Sold

$400,000

130

$300,000 $200,000

Average DOM

$100,000

-4.5

%

$-

2015

2016

2017

2018 23

Discount Ratio

/ Barnstable Town Highlights / Cape Cod Q2 Market Update

|

Median Selling Units Price vs MedianTotal - Area Units Sold $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

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

Q2

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

{2018 v 2017}

Change

10%

10%

-

2018

$372,693

$337,000

96%

2017

$339,373

$307,500

2016

$309,817

2015

$355,578

Cape Cod Q2 Market Update / Yarmouth / 24

0%

-8%

195

161

74

99%

215

161

80

$280,000

97%

182

166

93

$290,000

95%

256

134

119

at a glance {Q2 | 2018}

yarmouth

10

%

Change in Median Selling Price {2018 v 2017}

0

%

Change in Units Sold {2018 v 2017}

161 Units Sold

337k

$

Median Selling Price

at a glance {Q2 | 2018}

dennis

2

%

Change in Median Selling Price {2018 v 2017}

-16

%

Change in Units Sold {2018 v 2017}

132 Units Sold

336k

$

Median Selling Price

|

Median Selling Price Total Units Sold Units vs Median - Area $355,000

180 160

$350,000

140 $345,000

120

$340,000

100

$335,000

80 60

$330,000

40 $325,000

20

$320,000

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

Q2

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

{2018 v 2017}

Change

-10%

2%

-

-16%

-30%

2018

$389,712

$336,250

96%

140

132

71

2017

$434,942

$330,000

97%

174

157

101

2016

$442,443

$342,000

95%

166

125

112

2015

$455,703

$349,000

98%

234

88

121

27

/ Dennis / Cape Cod Q2 Market Update

Market Snapshot Q2

Active by Price - Lower Cape

Lower Cape

Units by area - Market Snapshot160 140

Eastham

120

Brewster 100 80

Chatham

60

Harwich Orleans

40 20

Total Units Sold 72 102 43 71 40

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 $600,000

$250K-$500K

$500,000

$1M-$2M

$400,000 $300,000 $200,000 $100,000

$500K - $1M Eastham

Chatham

Orleans

Brewster

Harwich

$-

Below $250K

$250K-$500K

Median Selling Price 407k $ 435k $ 515k $ 750k $ 454k

$

$500K - $1M

$1M-$2M

$2M and Above

Total Volume

by Price Point 3% 30 % 35 % 19 % 15%

Brewster Harwich Orleans Chatham Eastham

29

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

/ Lower Cape Highlights / Cape Cod Q2 Market Update

at a glance {Q2 | 2018}

brewster

4

%

Change in Median Selling Price {2018 v 2017}

-5

%

Change in Units Sold {2018 v 2017}

72 Units Sold

407k

$

Median Selling Price

|

Median Selling Price Total Units Sold Units vs Median - Area $415,000

80

$410,000

70

$405,000

60

$400,000

50

$395,000

40

$390,000

30

$385,000

20

$380,000

10

$375,000

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

Q2

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

{2018 v 2017}

Change

3%

4%

-

-5%

-7%

2018

$480,023

$407,250

97%

85

72

85

2017

$467,185

$390,500

98%

78

76

92

2016

$524,667

$394,500

99%

92

50

140

2015

$492,770

$411,000

99%

109

46

94

31

/ Brewster / Cape Cod Q2 Market Update

|

Units vs Median - Area

Median Selling Price Total Units Sold $440,000

120

$430,000 100

$420,000 $410,000

80

$400,000 $390,000

60

$380,000 40

$370,000 $360,000

20

$350,000 $340,000

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

Q2

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

{2018 v 2017}

Change

-1%

5%

-

2018

$474,942

$435,000

99%

2017

$480,204

$415,000

2016

$538,167

2015

$432,379

Cape Cod Q2 Market Update / Harwich / 32

11%

-8%

98

102

104

97%

128

92

113

$380,000

96%

140

79

136

$375,000

97%

173

87

183

at a glance {Q2 | 2018}

harwich

5

%

Change in Median Selling Price {2018 v 2017}

11

%

Change in Units Sold {2018 v 2017}

102 Units Sold

435k

$

Median Selling Price

at a glance {Q2 | 2018}

orleans

16

%

Change in Median Selling Price {2018 v 2017}

-10

%

Change in Units Sold {2018 v 2017}

43 Units Sold

515k

$

Median Selling Price

|

Median Selling Price Total Units Sold Units vs Median - Area $700,000

60

$600,000

50

$500,000

40

$400,000 30 $300,000 20

$200,000

10

$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

Q2

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

{2018 v 2017}

Change

22%

16%

-

-10%

28%

2018

$704,623

$515,000

95%

85

43

166

2017

$576,244

$445,000

98%

100

48

130

2016

$662,640

$572,500

96%

88

45

213

2015

$813,350

$660,000

98%

111

31

174

35

/ Orleans / Cape Cod Q2 Market Update

|

Units Price vs MedianTotal - Area Units Sold Median Selling $800,000

80

$700,000

70

$600,000

60

$500,000

50

$400,000

40

$300,000

30

$200,000

20

$100,000

10

$-

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

Q2

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

{2018 v 2017}

Change

15%

22%

-

2018

$1,005,373

$750,000

98%

2017

$877,811

$617,000

2016

$1,004,451

2015

$907,509

Cape Cod Q2Market Update / Chatham / 36

15%

-17%

145

71

196

96%

176

62

235

$715,000

95%

201

57

185

$710,000

95%

191

47

128

at a glance {Q2 | 2018}

chatham

22

%

Change in Median Selling Price {2018 v 2017}

15

%

Change in Units Sold {2018 v 2017}

71 Units Sold

750k

$

Median Selling Price

at a glance {Q2 | 2018}

eastham

-4

%

Change in Median Selling Price {2018 v 2017}

-11

%

Change in Units Sold {2018 v 2017}

40 Units Sold

454k

$

Median Selling Price

|

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

50 45

$500,000

40 35

$400,000

30 $300,000

25 20

$200,000

15 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

Q2

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

{2018 v 2017}

Change

14%

-4%

-

-11%

-16%

2018

$575,633

$454,250

101%

81

40

108

2017

$504,437

$475,000

97%

68

45

130

2016

$426,299

$368,875

98%

73

36

135

2015

$443,549

$400,000

94%

102

44

150

39

/ Eastham / Cape Cod Q2 Market Update

UPCOMING AUCTIONS MONTEREY 24-25 AUGUST AUBURN FALL 30 AUGUST-2 SEPTEMBER HERSHEY 11-12 OCTOBER THE PORSCHE 70TH ANNIVERSARY SALE 27 OCTOBER LOS ANGELES 8 DECEMBER

1956 Maserati A6G/2000 Berlinetta Coachwork by Zagato Chassis no. 2124

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