Cape Cod Market Update | Q3 2019

Q3 | 2019

Cape Cod

Market Update

HISTORICAL COTUIT BEAUTY

886mainstreet.com Offered at $1,285,000

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 Q3

All Cape Cod

Active Inventory by price points

Units by Region

800 700 600

Lower Cape

500

Upper Cape 400 300 200

Mid Cape 100

Total Units Sold 373 392 243

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+

Q3 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 436k $ 390k $ 530k $

Lower Cape

Mid Cape

Upper Cape

$-

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 1% 35 % 31 % 18 % 15 %

Upper Cape Mid Cape Lower Cape

5

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

/ Q3 Highlights / Cape Cod Q3 Market Update

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7

/ Cape Cod Featured Properties / Cape Cod Q3 Market Update

Market Snapshot Upper Cape

Q3

Units by area - Market Snapshot

Active by Price - Upper Cape 250

200

Bourne

Mashpee

150

100

Sandwich

Falmouth 50

Total Units Sold 60 133 111 69

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

$250K-$500K

$300,000

$200,000

$500K - $1M

$100,000

Median Selling Price 400k $ 515k $ 436k $ 401k

$

Sandwich

Mashpee

Falmouth

Bourne

$Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 1% 38 % 34 % 15 % 12 %

Bourne Falmouth Mashpee Sandwich

9

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

/ Upper Cape / Cape Cod Q3 Market Update

at a glance {Q3 | 2019}

bourne

60 -2 Units Sold

%

Change in Units Sold {2019 v 2018}

400k 5 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

65

$400,000

64

$350,000 63

$300,000 $250,000

62

$200,000

61

$150,000

60

$100,000 59

$50,000 $-

58

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

Q3

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

{2019 v 2018}

Change

21%

5%

-1%

-23%

-2%

13%

2019

$520,693

$399,500

96%

79

60

69

2018

$431,959

$380,000

97%

102

61

61

2017

$513,691

$410,000

96%

130

60

83

2016

$372,501

$335,000

95%

153

64

112

11

/ Bourne / Cape Cod Q3 Market Update

|

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

155

$500,000

150

$400,000

145

$300,000

140

$200,000

135

$100,000

130

$-

125

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

Q3

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

{2019 v 2018}

Change

-2%

0%

1%

-16%

-5%

-22%

2019

$694,847

$515,000

96%

213

133

74

2018

$711,860

$517,500

95%

253

140

96

2017

$548,653

$405,500

94%

284

149

86

2016

$561,123

$385,000

94%

365

147

125

Cape Cod Q3 Market Update / Falmouth / 12

at a glance {Q3 | 2019}

falmouth

138 -5 Units Sold

%

Change in Units Sold {2019 v 2018}

515k 0 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q3 | 2019}

mashpee

69 17 Units Sold

%

Change in Units Sold {2019 v 2018}

436k 1 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

Median Selling Price Total Units Sold Units vs Median - Area $440,000

90

$435,000

80 70

$430,000

60

$425,000

50

$420,000

40

$415,000

30

$410,000

20

$405,000

10

$400,000

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

Q3

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

{2019 v 2018}

Change

4%

1%

-1%

-33%

17%

-18%

2019

$574,582

$436,000

96%

160

69

94

2018

$551,012

$432,100

97%

239

59

114

2017

$579,198

$430,000

96%

224

78

105

2016

$506,934

$415,000

95%

256

85

124

15

/ Mashpee / Cape Cod Q3 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area $440,000

120

$430,000 100

$420,000 $410,000

80

$400,000 $390,000

60

$380,000 $370,000

40

$360,000 $350,000

20

$340,000 $330,000

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

Q3

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

{2019 v 2018}

Change

3%

-6%

-1%

-20%

11%

24%

2019

$474,756

$401,000

97%

144

111

81

2018

$462,210

$428,000

98%

179

100

65

2017

$443,305

$367,000

97%

184

82

83

2016

$428,621

$382,000

96%

259

94

107

Cape Cod Q3 Market Update / Sandwich / 16

at a glance {Q3 | 2019}

sandwich

111 11 Units Sold

%

Change in Units Sold {2019 v 2018}

401k -6 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

Market Snapshot Mid Cape

Q3

Active by Price - Mid Cape

Units by area - Market Snapshot 400 350

Dennis

300 250

Barnstable

200 150

Yarmouth

100 50

Total Units Sold 186 114 92

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

$450,000

$2M and Above

$400,000 $350,000 $300,000

$1M-$2M

$250,000

$250K-$500K

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

$500K - $1M

$50,000

Dennis

Yarmouth

Barnstable

$-

Below $250K

$250K-$500K

Median Selling Price 422k $ 338k $ 396k $

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 3% 40% 27 % 15 % 15 %

Barnstable Yarmouth Dennis

19

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

/ Mid Cape Highlights / Cape Cod Q3 Market Update

at a glance {Q3 | 2019}

barnstable

186 -14 Units Sold

%

Change in Units Sold {2019 v 2018}

422k 7 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

250

$400,000 200

$350,000 $300,000

150

$250,000 $200,000

100

$150,000 $100,000

50

$50,000 $-

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

Q3

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

{2019 v 2018}

Change

10%

7%

0%

-12%

-14%

3%

2019

$656,532

$422,500

96%

361

186

86

2018

$594,808

$395,000

96%

410

216

84

2017

$557,416

$363,000

95%

446

227

102

2016

$532,393

$350,000

94%

551

221

116

21

/ Barnstable / Cape Cod Q3 Market Update

barnstable

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

12

$700,000 $600,000

Units Sold

97

$500,000 $400,000

Average DOM

$300,000

96

%

$200,000 $100,000

List/Sale Ratio

$-

2016

2017

2018

2019

Centerville {Average Selling Price | Over Four Years}

55

$450,000

$400,000 $350,000

Units Sold

$300,000

70

$250,000 $200,000

Average DOM

$150,000

99

$100,000

%

$50,000

List/Sale Ratio

$-

2016

2017

2018

2019

barnstable town highlights

Cotuit {Average Selling Price | Over Four Years}

22

$600,000 $500,000

Units Sold

53

$400,000 $300,000

Average DOM

$200,000

99

%

$100,000 $-

2016

2017

2018

2019

List/Sale Ratio

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

1

$800,000 $700,000

Units Sold

$600,000

48

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

Average DOM

$200,000

97

%

$100,000 $-

2016

2017

2018

2019

List/Sale Ratio

Osterville {Average Selling Price | Over Four Years} $900,000

$800,000 $700,000

26

Units Sold

$600,000

156

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

Average DOM

$200,000

99

%

$100,000 $-

2016

2017

2018

2019

23

List/Sale Ratio

/ Barnstable Town Highlights / Cape Cod Q3 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area $350,000

180

$340,000

160 140

$330,000

120

$320,000

100

$310,000

80

$300,000

60

$290,000

40

$280,000

20

$270,000

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

Q3

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

{2019 v 2018}

Change

10%

0%

-3%

-10%

-16%

32%

2019

$428,479

$338,500

94%

193

114

82

2018

$389,679

$338,450

97%

214

136

62

2017

$410,506

$319,500

96%

183

154

81

2016

$341,536

$295,000

97%

274

149

96

Cape Cod Q3 Market Update / Yarmouth / 24

at a glance {Q3 | 2019}

yarmouth

114 -16 Units Sold

%

Change in Units Sold {2019 v 2018}

339k 0 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q3 | 2019}

dennis

92 1 Units Sold

%

Change in Units Sold {2019 v 2018}

396k 6 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

95

$400,000

90

$350,000 $300,000

85

$250,000

80

$200,000 $150,000

75

$100,000

70

$50,000 $-

65

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

Q3

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

{2019 v 2018}

Change

-14%

6%

1%

-9%

1%

-26%

2019

$493,887

$396,500

96%

150

92

60

2018

$571,401

$375,000

95%

165

91

81

2017

$441,892

$375,000

96%

178

89

87

2016

$453,679

$325,000

95%

209

77

92

27

/ Dennis / Cape Cod Q3 Market Update

Market Snapshot Q3

Active by Price - Lower Cape

Lower Cape

Units by area - Market Snapshot

200 180

Eastham

160

Brewster

140 120 100

Chatham

80 60

Harwich Orleans

40 20

Total Units Sold 50 84 25 52 32

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

Below $250K $2M and Above

$900,000 $800,000 $700,000

$250K-$500K

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

$1M-$2M

$300,000

$500K - $1M

$200,000 $100,000

Eastham

Chatham

Orleans

Brewster

Harwich

$-

Below $250K

$250K-$500K

Median Selling Price 540k $ 517k $ 785k $ 724k $ 452k

$

$500K - $1M

$1M-$2M

$2M and Above

Total Volume

by Price Point 0% 24% 33% 24% 19%

Brewster Harwich Orleans Chatham Eastham

29

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

/ Lower Cape Highlights / Cape Cod Q3 Market Update

at a glance {Q3 | 2019}

brewster

50 -18 Units Sold

%

Change in Units Sold {2019 v 2018}

540k -1 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

70

$500,000

60 50

$400,000

40 $300,000 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

Q3

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

{2019 v 2018}

Change

-4%

-1%

-2%

9%

-18%

-5%

2019

$631,300

$539,950

95%

89

50

71

2018

$656,528

$544,000

97%

82

61

74

2017

$525,011

$430,000

97%

89

29

91

2016

$536,956

$431,000

96%

113

50

114

31

/ Brewster / Cape Cod Q3 Market Update

|

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

100 90

$500,000

80 70

$400,000

60 $300,000

50 40

$200,000

30 20

$100,000

10 $-

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

Q3

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

{2019 v 2018}

Change

31%

26%

0%

19%

33%

-4%

2019

$719,230

$517,500

96%

133

84

86

2018

$550,243

$409,900

96%

112

63

89

2017

$613,763

$397,750

100%

126

86

78

2016

$606,053

$380,000

97%

171

83

107

Cape Cod Q3 Market Update / Harwich / 32

at a glance {Q3 | 2019}

harwich

84 33 Units Sold

%

Change in Units Sold {2019 v 2018}

517k 26 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q3 | 2019}

orleans

25 -11 Units Sold

%

Change in Units Sold {2019 v 2018}

785k 2 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

40

$800,000

35

$700,000

30

$600,000

25

$500,000

20

$400,000

15

$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

Q3

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

{2019 v 2018}

Change

-40%

2%

-1%

13%

-11%

-32%

2019

$866,700

$785,000

94%

102

25

116

2018

$1,455,229

$767,250

94%

90

28

172

2017

$982,050

$645,000

95%

82

37

151

2016

$1,095,734

$667,000

92%

120

32

142

35

/ Orleans / Cape Cod Q3 Market Update

|

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

60

$900,000 50

$800,000 $700,000

40

$600,000 $500,000

30

$400,000 20

$300,000 $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

Q3

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

{2019 v 2018}

Change

-19%

-16%

-1%

2%

18%

15%

2019

$1,000,648

$724,500

95%

184

52

145

2018

$1,242,943

$862,500

95%

180

44

126

2017

$846,504

$574,900

94%

197

57

131

2016

$1,177,585

$635,000

94%

180

52

150

Cape Cod Q3 Market Update / Chatham / 36

at a glance {Q3 | 2019}

chatham

52 18 Units Sold

%

Change in Units Sold {2019 v 2018}

724k -16 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q3 | 2019}

eastham

32 7 Units Sold

%

Change in Units Sold {2019 v 2018}

452k -6 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

50 45

$480,000

40

$460,000

35 30

$440,000

25 $420,000

20 15

$400,000

10

$380,000

5

$360,000

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

Q3

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

{2019 v 2018}

Change

-4%

-6%

0%

16%

7%

3%

2019

$543,758

$452,500

97%

96

32

76

2018

$568,267

$479,500

97%

83

30

74

2017

$518,750

$425,000

95%

80

27

87

2016

$442,253

$411,000

94%

100

44

117

39

/ Eastham / Cape Cod Q3 Market Update

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