Cape Cod Market Update | Q4 2018

Q4 | 2018

Cape Cod

Market Update

POINT O’ VIEW

pointoviewosterville.com Offered at $11,900,000

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 Q4

Active Inventory by price points

All Cape Cod

700

Units by Region

600

500

Lower Cape

Upper Cape

400

300

200

100

Mid Cape

Total Units Sold 333 411 268

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

-

Q4 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 430k $ 364k $ 520k

$

Lower Cape

Mid Cape

Upper Cape

$-

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 2% 36 % 32 % 12 % 18 %

Upper Cape Mid Cape Lower Cape

5

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

/ Q4 Highlights / Cape Cod Q4 Market Update

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7

/ Cape Cod Featured Properties / Cape Cod Q4 Market Update

Market Snapshot Upper Cape

Units by area - Market Snapshot

Active by Price - Upper Cape 200 180 160

Bourne Mashpee

140 120 100 80

Falmouth Sandwich

60 40 20

Total Units Sold 29 142 64 98

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 $500,000

Below $250K

$2M and Above

$450,000 $400,000 $350,000

$1M-$2M

$300,000

$250K-$500K

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

$500K - $1M

$100,000 $50,000

Median Selling Price 370k $ 473k $ 453k $ 403k $

Sandwich

Mashpee

Falmouth

Bourne

$-

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 1.6 % 39.6 % 37.6 % 12.2 % 9%

Bourne Falmouth Mashpee Sandwich

9

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

/ Upper Cape / Cape Cod Q4 Market Update

at a glance {Q4 | 2018}

bourne

-7

%

Change in Median Selling Price {2018 v 2017}

-43

%

Change in Units Sold {2018 v 2017}

29 Units Sold

370k

$

Median Selling Price

|

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

60

$450,000 50

$400,000 $350,000

40

$300,000 $250,000

30

$200,000 20

$150,000 $100,000

10

$50,000 $-

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

Q4

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

{2018 v 2017}

Change

26%

-7%

-

-32%

-43%

-15%

2018

$560,560

$370,000

94%

60

29

86

2017

$445,692

$399,900

92%

88

51

101

2016

$538,750

$432,500

94%

77

52

112

2015

$384,107

$335,000

95%

96

53

140

11

/ Bourne / Cape Cod Q4 Market Update

|

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

155

$450,000

150

$400,000

145

$350,000 $300,000

140

$250,000

135

$200,000

130

$150,000

125

$100,000

120

$50,000 $-

115

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

Q4

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

{2018 v 2017}

Change

3%

12%

-

-30%

11%

-9%

2018

$587,910

$472,500

95%

183

142

81

2017

$573,423

$422,500

95%

260

128

89

2016

$509,688

$380,000

94%

176

151

121

2015

$516,289

$375,000

93%

265

127

128

Cape Cod Q4 Market Update / Falmouth / 12

at a glance {Q4 | 2018}

falmouth

12

%

Change in Median Selling Price {2018 v 2017}

11

%

Change in Units Sold {2018 v 2017}

142 Units Sold

473k

$

Median Selling Price

at a glance {Q4 | 2018}

mashpee

-1

%

Change in Median Selling Price {2018 v 2017}

-16

%

Change in Units Sold {2018 v 2017}

64 Units Sold

453k

$

Median Selling Price

|

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

78

$450,000

76

$400,000

74

$350,000

72

$300,000

70

$250,000

68

$200,000

66

$150,000

64

$100,000

62

$50,000

60

$-

58

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

Q4

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

{2018 v 2017}

Change

10%

-1%

-

-53%

-16%

-12%

2018

$622,354

$452,500

93%

112

64

122

2017

$566,865

$456,000

96%

238

76

139

2016

$644,868

$434,500

96%

147

76

115

2015

$608,719

$353,250

98%

223

64

143

15

/ Mashpee / Cape Cod Q4 Market Update

|

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

120

$400,000

100

$350,000 $300,000

80

$250,000

60

$200,000 $150,000

40

$100,000

20

$50,000 $-

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

Q4

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

{2018 v 2017}

Change

0%

5%

-

-35%

27%

3%

2018

$449,617

$402,500

97%

117

98

79

2017

$449,375

$382,500

96%

179

77

76

2016

$379,017

$350,000

97%

121

79

108

2015

$397,034

$330,000

97%

195

87

101

Cape Cod Q4 Market Update / Sandwich / 16

at a glance {Q4 | 2018}

sandwich

5

%

Change in Median Selling Price {2018 v 2017}

27

%

Change in Units Sold {2018 v 2017}

98 Units Sold

403k

$

Median Selling Price

Market Snapshot Mid Cape

Active by Price - Mid Cape Units by area - Market Snapshot 300

250

Dennis 200

Barnstable

150

100

Yarmouth 50

Total Units Sold 182 141 88

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 $400,000

Below $250K

$2M and Above

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

$1M-$2M

$360,000

$250K-$500K

$350,000

$500K - $1M $340,000 $330,000

Dennis

Yarmouth

Barnstable

$320,000

Below $250K

$250K-$500K

Median Selling Price 390k $ 345k $ 370k

$

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 3.6 % 48.3 % 25.5 % 8.7 % 13.8 %

Barnstable Yarmouth Dennis

19

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

/ Mid Cape Highlights / Cape Cod Q4 Market Update

at a glance {Q4 | 2018}

barnstable

4

%

Change in Median Selling Price {2018 v 2017}

-8

%

Change in Units Sold {2018 v 2017}

180 Units Sold

390k

$

Median Selling Price

|

Median Selling Price Total Units Sold Units vs Median - Area $400,000

300

$390,000

250

$380,000 200

$370,000 $360,000

150

$350,000

100

$340,000 50

$330,000 $320,000

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

Q4

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

{2018 v 2017}

Change

12%

4%

-

-29%

-8%

-10%

2018

$582,952

$389,950

95%

284

182

100

2017

$519,988

$375,000

94%

400

198

110

2016

$499,361

$345,500

94%

313

240

106

2015

$521,077

$365,000

94%

426

201

137

21

/ Barnstable / Cape Cod Q4 Market Update

barnstable

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

8

$1,000,000 $900,000

Units Sold

$800,000

93

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

Average DOM

$400,000

96

$300,000

%

$200,000 $100,000

Discount Ratio

$-

2015

2016

2017

2018

Centerville {Average Selling Price | Over Four Years} $500,000 $450,000 $400,000 $350,000

56

Units Sold

85

$300,000 $250,000 $200,000 $150,000

Average DOM

$100,000 $50,000 $-

2015

2016

2017

2018

97

%

Discount Ratio

barnstable town highlights

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

17

$800,000 $700,000

Units Sold

$600,000

130

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

Average DOM

92

$200,000

%

$100,000 $-

2015

2016

2017

2018

Discount Ratio

Hyannisport/West Hyannisport {Average Selling Price | Over Four Years} $1,600,000

6

$1,400,000 $1,200,000

Units Sold

$1,000,000

272

$800,000 $600,000

Average DOM

$400,000 $200,000

94

%

$-

2015

2016

2017

2018

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

Discount Ratio

24

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

Units Sold

138

$800,000 $600,000 $400,000

Average DOM

92

%

$200,000 $-

2015

2016

2017

2018

23

Discount Ratio

/ Barnstable Town Highlights / Cape Cod Q4 Market Update

|

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

145

$340,000

140

$330,000

135

$320,000

130

$310,000 125

$300,000

120

$290,000 $280,000

115

$270,000

110

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

Q4

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

{2018 v 2017}

Change

-4%

1%

-

-33%

15%

-3%

2018

$391,810

$345,000

97%

161

141

80

2017

$408,718

$340,000

95%

240

123

82

2016

$347,287

$310,000

96%

134

132

91

2015

$342,892

$298,750

96%

168

140

105

Cape Cod Q4 Market Update / Yarmouth / 24

at a glance {Q4 | 2018}

yarmouth

1

%

Change in Median Selling Price {2018 v 2017}

15

%

Change in Units Sold {2018 v 2017}

141 Units Sold

345k

$

Median Selling Price

at a glance {Q4 | 2018}

dennis

6

%

Change in Median Selling Price {2018 v 2017}

-13

%

Change in Units Sold {2018 v 2017}

88 Units Sold

370k

$

Median Selling Price

|

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

140

$370,000

120

$360,000

100

$350,000

80

$340,000

60

$330,000

40

$320,000

20

$310,000

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

Q4

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

{2018 v 2017}

Change

4%

6%

-

-11%

-13%

-21%

2018

$474,526

$370,000

94%

141

88

73

2017

$458,024

$348,000

94%

158

101

92

2016

$496,305

$350,000

96%

105

124

104

2015

$513,562

$335,000

94%

141

103

115

27

/ Dennis / Cape Cod Q4 Market Update

Market Snapshot Q4

Active by Price - Lower Cape

Lower Cape

Units by area - Market Snapshot 140

120

Brewster

Eastham

100

80

60

Chatham

Harwich

40

20

Orleans

Total Units Sold 48 74 38 52 56

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 $900,000

$2M and Above

$800,000 $700,000

$250K-$500K

$600,000 $500,000 $400,000 $300,000

$500K - $1M

$1M-$2M

$200,000 $100,000

Eastham

Chatham

Orleans

Brewster

Harwich

$-

Below $250K

$250K-$500K

Median Selling Price 473k $ 445k $ 761k $ 802k $ 482k $

$500K - $1M

$1M-$2M

$2M and Above

Total Volume

by Price Point 0.3% 22.5 % 33% 15.4% 28.9%

Brewster Harwich Orleans Chatham Eastham

29

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

/ Lower Cape Highlights / Cape Cod Q4 Market Update

at a glance {Q4 | 2018}

brewster

8

%

Change in Median Selling Price {2018 v 2017}

-20

%

Change in Units Sold {2018 v 2017}

48 Units Sold

473k

$

Median Selling Price

|

Median Selling Price Total Units Sold Units vs Median - Area $480,000

70

$460,000

60 50

$440,000

40 $420,000 30 $400,000

20

$380,000

10

$360,000

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

Q4

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

{2018 v 2017}

Change

13%

8%

-

-27%

-20%

1%

2018

$594,039

$473,000

97%

63

48

79

2017

$526,783

$438,250

97%

86

60

78

2016

$591,729

$443,250

96%

55

40

80

2015

$461,598

$407,500

95%

75

44

114

31

/ Brewster / Cape Cod Q4 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area $460,000

120

$440,000

100

$420,000

80

$400,000 60 $380,000 40

$360,000 $340,000

20

$320,000

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

Q4

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

{2018 v 2017}

Change

12%

-4%

-

-9%

-5%

-26%

2018

$619,415

$425,000

94%

107

74

74

2017

$552,336

$442,750

96%

117

78

101

2016

$525,079

$410,000

95%

71

97

136

2015

$512,086

$370,000

95%

128

65

136

Cape Cod Q4 Market Update / Harwich / 32

at a glance {Q4 | 2018}

harwich

-4

%

Change in Median Selling Price {2018 v 2017}

-5

%

Change in Units Sold {2018 v 2017}

74 Units Sold

425k

$

Median Selling Price

at a glance {Q4 | 2018}

orleans

-10

%

Change in Median Selling Price {2018 v 2017}

52

%

Change in Units Sold {2018 v 2017}

38 Units Sold

761k

$

Median Selling Price

|

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

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

Q4

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

{2018 v 2017}

Change

-9%

-10%

-

-23%

52%

-55%

2018

$884,226

$761,000

97%

63

38

105

2017

$976,343

$849,001

92%

82

25

234

2016

$847,072

$632,500

94%

65

36

174

2015

$1,068,619

$738,500

94%

87

42

180

35

/ Orleans / Cape Cod Q4 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area $840,000

80

$820,000

70

$800,000

60

$780,000 $760,000

50

$740,000

40

$720,000

30

$700,000

20

$680,000 $660,000

10

$640,000

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

Q4

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

{2018 v 2017}

Change

57%

-1%

-

-39%

-7%

10%

2018

$1,608,168

$801,500

95%

116

52

188

2017

$1,027,144

$807,500

93%

189

56

170

2016

$1,090,510

$710,000

95%

144

69

199

2015

$1,099,197

$787,500

95%

158

60

204

Cape Cod Q4 Market Update / Chatham / 36

at a glance {Q4 | 2018}

chatham

-1

%

Change in Median Selling Price {2018 v 2017}

-7

%

Change in Units Sold {2018 v 2017}

52 Units Sold

802k

$

Median Selling Price

at a glance {Q4 | 2018}

eastham

3

%

Change in Median Selling Price {2018 v 2017}

27

%

Change in Units Sold {2018 v 2017}

56 Units Sold

482k

$

Median Selling Price

|

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

60

$480,000

50

$460,000

40

$440,000 30 $420,000 20

$400,000 $380,000

10

$360,000

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

Q4

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

{2018 v 2017}

Change

-4%

3%

-

-21%

27%

10%

2018

$530,829

$482,000

96%

64

56

99

2017

$555,818

$469,000

98%

81

44

90

2016

$496,242

$405,000

94%

50

43

110

2015

$501,493

$447,500

95%

69

56

135

39

/ Eastham / Cape Cod Q4 Market Update

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