Cape Cod Market Update | Q2 2019

Q2 | 2019

Cape Cod

Market Update

FALMOUTH VILLAGE ESTATE

5settlerspath.com Offered at $2,599,000

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 Q2

Active Inventory by price points

All Cape Cod

800

Units by Region

700 600

Lower Cape

500

Upper Cape

400 300 200

Mid Cape 100

Total Units Sold 435 478 235

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

$600,000

Below $250K $500,000

$2M and Above

$400,000

$250K-$500K

$300,000

$1M-$2M $200,000

$100,000

$500K - $1M

Median Selling Price 433k $ 395k $ 520k $

Lower Cape

Mid Cape

Upper Cape

$-

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 1% 37 % 30 % 16 % 16 %

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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7

/ Cape Cod Featured Properties / Cape Cod Q2 Market Update

Market Snapshot Upper Cape

Q2

Active by Price - Upper Cape

Units by area - Market Snapshot250 200

Bourne Mashpee

150

100

Sandwich

Falmouth 50

Total Units Sold 59 177 97 102

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

Bourne Falmouth Mashpee Sandwich

Upper Cape - Median

Sold Volume by Price point - Market Snapshot $600,000

Below $250K

$2M and Above $500,000

$400,000

$1M-$2M $300,000

$250K-$500K

$200,000

$500K - $1M $100,000

Median Selling Price 387k $ 445k $ 480k $ 415k $

Sandwich

Mashpee

Falmouth

Bourne

$-

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 2% 42 % 31 % 15 % 10 %

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 | 2019}

bourne

59 -24 Units Sold

%

Change in Units Sold {2019 v 2018}

387k 8 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

| Units vs Median - Area

Median Selling Price Total Units Sold $400,000

100

$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

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

Q2

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

{2019 v 2018}

Change

15%

8%

-

0%

-24%

6%

2019

$514,738

$387,000

95%

81

59

65

2018

$446,031

$357,500

94%

81

78

61

2017

$440,621

$367,000

97%

107

88

103

2016

$449,837

$340,000

94%

129

69

113

11

/ Bourne / Cape Cod Q2 Market Update

|

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

200

$445,000

195

$440,000

190

$435,000 $430,000

185

$425,000 180

$420,000 $415,000

175

$410,000

170

$405,000 $400,000

165

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

Q2

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

{2019 v 2018}

Change

-4%

7%

-

0%

-3%

-1%

2019

$548,270

$445,000

96%

210

177

82

2018

$573,410

$415,875

95%

210

182

83

2017

$542,116

$437,000

96%

238

197

96

2016

$533,713

$427,400

94%

276

194

131

Cape Cod Q2 Market Update / Falmouth / 12

at a glance {Q2 | 2019}

falmouth

117 -3 Units Sold

%

Change in Units Sold {2019 v 2018}

445k 7 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q2 | 2019}

mashpee

97 -32 Units Sold

%

Change in Units Sold {2019 v 2018}

480k 15 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

180 160

$500,000

140

$400,000

120 100

$300,000

80

$200,000

60 40

$100,000

20

$-

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

Q2

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

{2019 v 2018}

Change

30%

15%

-

-2%

-32%

-2%

2019

$675,805

$480,000

96%

167

97

102

2018

$518,816

$416,250

97%

170

142

104

2017

$473,501

$382,500

96%

232

155

109

2016

$574,400

$420,000

96%

238

91

142

15

/ Mashpee / Cape Cod Q2 Market Update

|

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

160 140

$400,000

120 $380,000

100

$360,000

80 60

$340,000

40 $320,000

20

$300,000

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

Q2

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

{2019 v 2018}

Change

11%

4%

-

0%

-3%

4%

2019

$499,819

$414,638

96%

165

102

92

2018

$449,346

$399,000

97%

165

105

88

2017

$428,070

$355,000

97%

177

119

104

2016

$400,851

$350,000

96%

167

138

133

Cape Cod Q2 Market Update / Sandwich / 16

at a glance {Q2 | 2019}

sandwich

102 -3 Units Sold

%

Change in Units Sold {2019 v 2018}

415k 4 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

Market Snapshot Q2

Mid Cape

Active by Price - Mid Cape

Units by area - Market Snapshot400 350 300

Dennis

250 200

Barnstable Yarmouth

150 100 50

Total Units Sold 244 128 106

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

$430,000

$2M and Above

$420,000 $410,000 $400,000 $390,000

$250K-$500K

$380,000 $370,000

$1M-$2M

$360,000 $350,000 $340,000

$500K - $1M

$330,000

Dennis

Yarmouth

Barnstable

$320,000

Below $250K

$250K-$500K

Median Selling Price 416k $ 355k $ 416k $

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 2% 39 % 23 % 17 % 19 %

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 | 2019}

barnstable

224 3 Units Sold

%

Change in Units Sold {2019 v 2018}

415k 2 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

260

$400,000

255

$350,000 250

$300,000 $250,000

245

$200,000

240

$150,000

235

$100,000 230

$50,000 $-

225

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

Q2

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

{2019 v 2018}

Change

13%

9%

-

0%

3%

8%

2019

$653,904

$414,500

94%

353

244

99

2018

$580,638

$381,000

94%

353

237

92

2017

$514,215

$355,000

94%

413

255

118

2016

$463,966

$330,000

95%

459

256

111

21

/ Barnstable / Cape Cod Q2 Market Update

barnstable

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

9

1,600,000 1,400,000

Units Sold

81

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

Average DOM

93

600,000

%

400,000 200,000

List/Sale Ratio

-

2016

2017

2018

2019

Centerville {Average Selling Price | Over Four Years}

63

470,000 460,000

Units Sold

450,000

63

440,000 430,000 420,000

Average DOM

410,000

97

400,000

%

390,000 380,000

List/Sale Ratio

370,000

2016

2017

2018

2019

barnstable town highlights

Cotuit {Average Selling Price | Over Four Years}

31

900,000 800,000

Units Sold

700,000

101

600,000 500,000 400,000

Average DOM

300,000

95

200,000

%

100,000 -

2016

2017

2018

2019

List/Sale Ratio

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

5

3,000,000

2,500,000

Units Sold

163

2,000,000

1,500,000

Average DOM

1,000,000

500,000

90

%

-

2016

2017

2018

2019

Osterville {Average Selling Price | Over Four Years} 1,600,000 1,400,000

List/Sale Ratio

33

Units Sold

1,200,000

224

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 Q2 Market Update

|

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

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

Q2

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

{2019 v 2018}

Change

20%

5%

-

-1%

-20%

42%

2019

$447,587

$355,000

97%

194

128

105

2018

$372,693

$337,000

98%

195

161

74

2017

$339,373

$307,500

97%

215

161

80

2016

$309,817

$280,000

97%

182

166

93

Cape Cod Q2 Market Update / Yarmouth / 24

at a glance {Q2 | 2019}

yarmouth

128 -20 Units Sold

%

Change in Units Sold {2019 v 2018}

355k 5 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q2 | 2019}

dennis

106 -20 Units Sold

%

Change in Units Sold {2019 v 2018}

416k 24 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

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

Q2

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

{2019 v 2018}

Change

54%

24%

-

0%

-20%

28%

2019

$598,649

$416,000

95%

140

106

90

2018

$389,712

$336,250

97%

140

132

71

2017

$434,942

$330,000

95%

174

157

101

2016

$442,443

$342,000

96%

166

125

112

27

/ Dennis / Cape Cod Q2 Market Update

Market Snapshot Q2

Active by Price - Lower Cape

Lower Cape

Units by area - Market Snapshot 160 140

Eastham

Brewster

120 100 80

Chatham 60

Harwich

40 20

Orleans

Total Units Sold 46 73 29 49 38

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

$900,000 $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 498k $ 440k $ 730k $ 830k $ 459k $

$500K - $1M

$1M-$2M

$2M and Above

Total Volume

by Price Point 0% 26% 40% 17% 17%

Brewster Harwich Orleans Chatham Eastham

29

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

/ Lower Cape Highlights / Cape Cod Q2 Market Update

at a glance {Q2 | 2019}

brewster

46 -36 Units Sold

%

Change in Units Sold {2019 v 2018}

498k 22 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

80 70

$500,000

60 $400,000

50

$300,000

40 30

$200,000

20 $100,000

10

$-

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

Q2

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

{2019 v 2018}

Change

14%

22%

-

0%

-36%

30%

2019

$547,978

$497,500

96%

85

46

111

2018

$480,023

$407,250

97%

85

72

85

2017

$467,185

$390,500

97%

78

76

92

2016

$524,667

$394,500

97%

92

50

140

31

/ Brewster / Cape Cod Q2 Market Update

|

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

120

$440,000 100

$430,000 $420,000

80

$410,000 $400,000

60

$390,000 40

$380,000 $370,000

20

$360,000 $350,000

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

Q2

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

{2019 v 2018}

Change

9%

1%

-

0%

-28%

-14%

2019

$519,752

$440,000

97%

98

73

89

2018

$474,942

$435,000

98%

98

102

104

2017

$480,204

$415,000

96%

128

92

113

2016

$538,167

$380,000

91%

140

79

136

Cape Cod Q2 Market Update / Harwich / 32

at a glance {Q2 | 2019}

harwich

73 -28 Units Sold

%

Change in Units Sold {2019 v 2018}

440k 1 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q2 | 2019}

orleans

29 -33 Units Sold

%

Change in Units Sold {2019 v 2018}

730k 42 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

60

$700,000

50

$600,000 40

$500,000 $400,000

30

$300,000

20

$200,000 10

$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

Q2

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

{2019 v 2018}

Change

45%

42%

-

0%

-33%

-18%

2019

$1,023,828

$730,000

95%

85

29

135

2018

$704,623

$515,000

95%

85

43

166

2017

$576,244

$445,000

96%

100

48

130

2016

$662,640

$572,500

96%

88

45

213

35

/ Orleans / Cape Cod Q2 Market Update

|

Units vs Median - AreaUnits Sold Median Selling Price Total $900,000

80

$800,000

70

$700,000

60

$600,000

50

$500,000

40

$400,000

30

$300,000

20

$200,000

10

$100,000 $-

0

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

Q2

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

{2019 v 2018}

Change

6%

11%

-

-1%

-31%

-22%

2019

$1,061,853

$830,000

97%

144

49

152

2018

$1,005,373

$750,000

95%

145

71

196

2017

$877,811

$617,000

95%

176

62

235

2016

$1,004,451

$715,000

92%

201

57

185

Cape Cod Q2 Market Update / Chatham / 36

at a glance {Q2 | 2019}

chatham

49 -31 Units Sold

%

Change in Units Sold {2019 v 2018}

830k 11 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q2 | 2019}

eastham

38 -5 Units Sold

%

Change in Units Sold {2019 v 2018}

459k 1 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

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

Q2

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

{2019 v 2018}

Change

-10%

1%

-

0%

-5%

-16%

2019

$516,314

$458,500

98%

81

38

91

2018

$575,633

$454,250

95%

81

40

108

2017

$504,437

$475,000

95%

68

45

130

2016

$426,299

$368,875

95%

73

36

135

39

/ Eastham / Cape Cod Q2 Market Update

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