Cape Cod Market Update | Q3 2020

Q3 | 2020

Cape Cod

Market Update

PARADISE FOUND TRITONWAYESTATE.com

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

sothebysrealty.com

Market Snapshot Q3

All Cape Cod

Active Inventory by price points

Units by Region 450 400 350 300

Lower Cape

Upper Cape 250 200 150 100

Mid Cape 50

Total Units Sold 641 786 494

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

$700,000

$600,000

$2M and Above

$500,000

$250K-$500K $400,000

$300,000

$1M-$2M

$200,000

$500K - $1M

$100,000

Median Selling Price 510k $ 425k $ 575k $

Lower Cape

Mid Cape

Upper Cape

$-

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 2% 25 % 35 % 17 % 21 %

Upper Cape Mid Cape Lower Cape

5

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

/ Q3 Highlights / Cape Cod Q3 Market Update

COVID-19 Market Impact 250

Number of New Listings *

200

150

100

50

26-Aug

9-Sep

23-Sep

12-Aug

26-Aug

9-Sep

12-Aug

29-Jul

15-Jul

1-Jul

17-Jun

3-Jun

20-May

6-May

22-Apr

8-Apr

25-Mar

11-Mar

26-Feb

12-Feb

29-Jan

15-Jan

1-Jan

0

*Shelter-In-Place Started March 23 rd, 2020 *Shelter-In-Place Started March 23rd, 2020

$160,000,000

Total New Listing Volume $140,000,000

*

$120,000,000

$100,000,000

$80,000,000

$60,000,000

$40,000,000

$20,000,000

*Shelter-In-Place Started March 23 rd, 2020 *Shelter-In-Place Started March 23rd, 2020

2019 2020

23-Sep

29-Jul

15-Jul

1-Jul

17-Jun

3-Jun

20-May

6-May

22-Apr

8-Apr

25-Mar

11-Mar

26-Feb

12-Feb

29-Jan

15-Jan

1-Jan

$0

All Cape Cod First Half of 2020 vs. 2019

250

Number of Sold Properties

200

*

150

100

50

23-Sep

9-Sep

26-Aug

12-Aug

29-Jul

15-Jul

1-Jul

17-Jun

3-Jun

20-May

6-May

22-Apr

8-Apr

25-Mar

11-Mar

26-Feb

12-Feb

29-Jan

15-Jan

1-Jan

0

*Shelter-In-Place Started March 23 rd, 2020

*Shelter-In-Place Started March 23rd, 2020

$160,000,000

Total Sold Volume

$140,000,000

$120,000,000

*

$100,000,000

$80,000,000

$60,000,000

$40,000,000

$20,000,000

23-Sep

9-Sep

26-Aug

12-Aug

29-Jul

15-Jul

1-Jul

17-Jun

3-Jun

20-May

6-May

22-Apr

8-Apr

25-Mar

11-Mar

26-Feb

12-Feb

29-Jan

15-Jan

1-Jan

$0

*Shelter-In-Place Started March 23 rd, 2020 *Shelter-In-Place Started March 23rd, 2020

2019 2020

COVID-19 Market Impact

/ Cape Cod Q3 2020 Market Update

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sothebysrealty.com

9

/ Cape Cod Featured Properties / Cape Cod Q3 Market Update

Market Snapshot Upper Cape

Q3

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

120

100

Bourne Mashpee

80

60

Falmouth Sandwich

40

20

Total Units Sold 88 226 152 175

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 $700,000

Below $250K

$2M and Above

$600,000 $500,000

$250K-$500K $400,000

$1M-$2M

$300,000 $200,000

$500K - $1M

$100,000

Median Selling Price 408k $ 529k $447k $ 434k

$

Sandwich

Mashpee

Bourne

Falmouth

$Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 2% 25% 43% 13% 17%

Bourne Falmouth Mashpee Sandwich

11

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

/ Upper Cape / Cape Cod Q3 Market Update

at a glance {Q3 | 2020}

bourne

88 47 Units Sold

%

Change in Units Sold {2020 v 2019}

455k 14 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

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

100

$450,000

90

$400,000

80

$350,000

70

$300,000

60

$250,000

50

$200,000

40

$150,000

30

$100,000

20

$50,000

10

$-

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. sothebysrealty.com

Q3

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

{2020 v 2019}

Change

6%

14%

-

-30%

47%

-16%

2020

$551,023

$454,950

98%

60

88

58

2019

$520,693

$399,500

98%

86

60

69

2018

$398,787

$374,250

99%

102

88

59

2017

$453,665

$388,000

97%

130

82

80

13

/ Bourne / Cape Cod Q3 Market Update

|

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

250

$600,000

200

$500,000 150

$400,000 $300,000

100

$200,000 50

$100,000 $-

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. sothebysrealty.com

Q3

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

{2020 v 2019}

Change

7%

12%

-

-63%

69%

-10%

2020

$753,517

$582,050

98%

98

226

74

2019

$700,967

$517,500

99%

268

134

82

2018

$672,210

$496,000

99%

253

161

90

2017

$540,513

$405,000

101%

284

165

84

Cape Cod Q3 Market Update / Falmouth / 14

at a glance {Q3 | 2020}

falmouth

226 69 Units Sold

%

Change in Units Sold {2020 v 2019}

582k 12 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

at a glance {Q3 | 2020}

mashpee

175 154 Units Sold

%

Change in Units Sold {2020 v 2019}

500k 15 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

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

200 180

$500,000

160 140

$400,000

120 $300,000

100 80

$200,000

60 40

$100,000

20 $-

0

2017

2018

2020

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. sothebysrealty.com

Q3

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

{2020 v 2019}

Change

13%

15%

-

-45%

154%

1%

2020

$646,450

$500,000

98%

106

175

95

2019

$574,582

$436,000

97%

193

69

94

2018

$464,785

$395,000

99%

239

107

99

2017

$490,204

$390,000

98%

224

137

118

17

/ Mashpee / Cape Cod Q3 Market Update

|

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

160 140

$500,000

120 $400,000

100

$300,000

80 60

$200,000

40 $100,000

20

$-

0

2017

2018

2020

2019

Median Selling Price

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. sothebysrealty.com

Q3

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

{2020 v 2019}

Change

19%

22%

-

-66%

37%

-14%

2020

$565,204

$488,500

99%

62

152

70

2019

$474,756

$401,000

98%

182

111

81

2018

$445,761

$419,500

99%

179

110

64

2017

$427,147

$362,500

98%

184

89

81

Cape Cod Q3 Market Update / Sandwich / 18

at a glance {Q3 | 2020}

sandwich

152 37 Units Sold

%

Change in Units Sold {2020 v 2019}

488k 22 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

Market Snapshot Q3

Mid Cape

Active by Price - Mid Cape

Units by area - Market Snapshot 250

200

Dennis Barnstable

150

100

Yarmouth

50

Total Units Sold 335 250 201

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

$600,000

$500,000

$400,000

$250K-$500K

$300,000

$1M-$2M $200,000

$100,000

$500K - $1M Dennis

Yarmouth

Barnstable

$-

Below $250K

$250K-$500K

Median Selling Price 490k $ 394k $ 375k

$

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 3% 32% 27% 15% 24%

Barnstable Yarmouth Dennis

21

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

/ Mid Cape Highlights / Cape Cod Q3 Market Update

at a glance {Q3 | 2020}

barnstable

335 78 Units Sold

%

Change in Units Sold {2020 v 2019}

490k 15 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

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

400 350

$500,000

300 $400,000

250

$300,000

200 150

$200,000

100 $100,000

50

$-

0

2017

2018

2019

Median Selling Price

2020

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. sothebysrealty.com

Q3

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

{2020 v 2019}

Change

21%

15%

-

-51%

78%

14%

2020

$853,105

$490,000

98%

198

335

108

2019

$704,920

$425,000

97%

403

188

95

2018

$555,380

$381,000

98%

410

253

110

2017

$528,835

$355,000

96%

446

255

105

23

/ Barnstable / Cape Cod Q3 Market Update

barnstable

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

21

$700,000 $600,000

Units Sold

74

$500,000 $400,000

Average DOM

$300,000

98

%

$200,000 $100,000

List/Sale Ratio

$-

2017

2018

2019

2020

Centerville {Median Selling Price | Over Four Years}

77

$500,000 $450,000

Units Sold

$400,000

86

$350,000 $300,000 $250,000

Average DOM

$200,000

100

$150,000

%

$100,000 $50,000

List/Sale Ratio

$-

2017

2018

2019

2020

barnstable town highlights

Cotuit {Median Selling Price | Over Four Years }

29

$600,000 $500,000

Units Sold

107

$400,000 $300,000

Average DOM

$200,000

99

%

$100,000 $-

2017

2018

2019

2020

List/Sale Ratio

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

6

$2,500,000

$2,000,000

Units Sold

162

$1,500,000

$1,000,000

Average DOM $500,000

95

%

$-

2017

2018

2019

2020

Osterville {Median Selling Price | Over Four Years} $1,200,000 $1,000,000

List/Sale Ratio

70

Units Sold

223

$800,000 $600,000

Average DOM

$400,000 $200,000 $-

2017

2018

2019

2020

25

91

%

List/Sale Ratio

/ Barnstable Town Highlights / Cape Cod Q3 Market Update

|

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

300

$400,000

250

$350,000 $300,000

200

$250,000

150

$200,000

100

$150,000 $100,000

50

$50,000 $-

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. sothebysrealty.com

Q3

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

{2020 v 2019}

Change

9%

16%

-

-60%

119%

-21%

2020

$466,845

$393,700

99%

92

250

64

2019

$428,479

$338,500

97%

228

114

82

2018

$367,258

$330,000

97%

214

171

64

2017

$376,453

$310,000

97%

183

192

79

Cape Cod Q3 Market Update / Yarmouth / 26

at a glance {Q3 | 2020}

yarmouth

250 119 Units Sold

%

Change in Units Sold {2020 v 2019}

394k 16 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

at a glance {Q3 | 2020}

dennis

201 118 Units Sold

%

Change in Units Sold {2020 v 2019}

375k -5 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

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

2017

2018

2020

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. sothebysrealty.com

Q3

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

{2020 v 2019}

Change

-3%

-5%

-

-42%

118%

2%

2020

$478,811

$375,000

100%

92

201

61

2019

$493,887

$396,500

99%

159

92

60

2018

$462,524

$333,000

97%

165

133

77

2017

$387,934

$326,425

98%

178

117

94

29

/ Dennis / Cape Cod Q3 Market Update

Market Snapshot Q3

Active by Price - Lower Cape

Lower Cape

Units by area - Market Snapshot 120

100

Eastham Brewster

80

60

Chatham Harwich

40

20

Orleans

Total Units Sold 115 103 93 106 77

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 $900,000

$2M and Above

$800,000

$250K-$500K

$700,000 $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 481k $ 485k $ 785k $ 809k $ 543k $

$500K - $1M

$1M-$2M

$2M and Above

Total Volume

by Price Point 1% 17% 35% 25% 21%

Brewster Harwich Orleans Chatham Eastham

31

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

/ Lower Cape Highlights / Cape Cod Q3 Market Update

at a glance {Q3 | 2020}

brewster

115 Units Sold

130

%

Change in Units Sold {2020 v 2019}

481k -11 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

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

140

$500,000

120 100

$400,000

80 $300,000 60 $200,000

40

$100,000

20

$-

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. sothebysrealty.com

Q3

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

{2020 v 2019}

Change

-10%

-11%

-

-52%

130%

-2%

2020

$565,976

$481,000

99%

44

115

69

2019

$631,300

$539,950

98%

91

50

71

2018

$574,398

$450,500

100%

82

80

68

2017

$435,209

$380,000

100%

89

53

93

33

/ Brewster / Cape Cod Q3 Market Update

|

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

120

$500,000

100

$400,000

80

$300,000

60

$200,000

40

$100,000

20

$-

0

2017

2018

2020

2019

Median Selling Price

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. sothebysrealty.com

Q3

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

{2020 v 2019}

Change

-20%

-6%

-

-59%

23%

2%

2020

$577,074

$485,000

97%

58

103

87

2019

$719,230

$517,500

96%

140

84

86

2018

$517,930

$404,500

98%

112

74

81

2017

$583,331

$388,500

97%

126

94

81

Cape Cod Q3 Market Update / Harwich / 34

at a glance {Q3 | 2020}

harwich

103 23 Units Sold

%

Change in Units Sold {2020 v 2019}

485k -6 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

at a glance {Q3 | 2020}

orleans

93 272 Units Sold

%

Change in Units Sold {2020 v 2019}

785k 0 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

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

100

$800,000

90

$700,000

80 70

$600,000

60

$500,000

50

$400,000

40

$300,000

30

$200,000

20

$100,000

10

$-

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. sothebysrealty.com

Q3

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

{2020 v 2019}

Change

24%

0%

-

-42%

272%

18%

2020

$1,078,703

$785,000

99%

61

93

137

2019

$866,700

$785,000

98%

105

25

116

2018

$1,104,433

$661,000

95%

90

40

149

2017

$808,728

$531,000

98%

82

49

127

37

/ Orleans / Cape Cod Q3 Market Update

|

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

120

$800,000

100

$700,000 $600,000

80

$500,000

60

$400,000 $300,000

40

$200,000

20

$100,000 $-

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. sothebysrealty.com

Q3

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

{2020 v 2019}

Change

13%

12%

-

-39%

96%

-15%

2020

$1,152,716

$808,750

93%

99

106

147

2019

$1,016,365

$724,500

99%

162

54

173

2018

$1,133,323

$690,000

99%

180

51

128

2017

$791,309

$559,950

97%

197

64

122

Cape Cod Q3 Market Update / Chatham / 38

at a glance {Q3 | 2020}

chatham

106 96 Units Sold

%

Change in Units Sold {2020 v 2019}

809k 12 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

at a glance {Q3 | 2020}

eastham

77 141 Units Sold

%

Change in Units Sold {2020 v 2019}

543k 20 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

Median Selling Price Total Units Sold Units vs Median - Area 90

$600,000

80

$500,000

70

$400,000

60 50

$300,000

40

$200,000

30 20

$100,000

10

$-

0

2017

2018

2020

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. sothebysrealty.com

Q3

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

{2020 v 2019}

Change

9%

20%

-

-56%

141%

38%

2020

$592,622

$542,500

95%

41

77

105

2019

$543,758

$452,500

96%

93

32

76

2018

$524,300

$470,000

99%

83

35

78

2017

$518,750

$425,000

89%

80

27

87

41

/ Eastham / Cape Cod Q3 Market Update

PHOTO BY GIAMMARCO BOSCARO ON UNSPLASH

w i n e i s a n e v e r- e n d i n g j o u r n e y. sothebyswine.com

AUCTION • RETAIL • ADVISORY New York Hong Kong London

AUCTION • RETAIL • ADVISORY New York Hong Kong London