Cape Cod Market Update | Q4 2019

Q4 | 2019

Cape Cod

Market Update

WOODS HOLE ESTATE

penzanceroad.com Offered at $25,000,000

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

All Cape Cod

Units by Region

Active Inventory by price points 500 450 400 350

Lower Cape Upper Cape

300 250 200 150 100

Mid Cape

50

Total Units Sold 347 426 253

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+

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

$

460k $ 373k $ 535k

Lower Cape

Mid Cape

Upper Cape

$-

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 1% 36 % 31 % 15 % 17 %

Upper Cape Mid Cape Lower Cape

5

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

/ Q4 Highlights / Cape Cod Q4 Market Update

CAPE COD

Featured Properties MARSTONS MILLS

We invite you to explore our exclusive offerings at S OT HE BYSH O MES.COM/ CAP E C O D

sothebyshomes.com/0404243 Offered at $2,950,000

OSTERVILLE

Offered at $1,895,000 158parkerroad.com CENTERVILLE

Offered at $1,595,000 454mainstreet.com FALMOUTH

Offered at $1,200,000 308shorestreet.com FALMOUTH

Offered at $659,000 sothebyshomes.com/0841873 *in order from left to right, top to bottom

sothebyshomes.com/capecod

7

/ Cape Cod Featured Properties / Cape Cod Q4 Market Update

Market Snapshot Upper Cape

Q4

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

140

120

Bourne

Mashpee

100

80

60

Sandwich Falmouth

40

20

Total Units Sold 53 142 83 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

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

$300,000

$200,000

$100,000

$500k-$1m

Median Selling Price 418k $ 476k $540k $ 412k $

Sandwich

Mashpee

Falmouth

Bourne

$-

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 1% 35 % 35 % 12 % 17 %

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 | 2019}

bourne

53 61 Units Sold

%

Change in Units Sold {2019 v 2018}

418k 14 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

120

$420,000

100

$400,000

80

$380,000

60

$360,000

40

$340,000

20

$320,000

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

Q4

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

{2019 v 2018}

Change

10%

14%

-

-51%

61%

22%

2019

$582,679

$417,500

114%

43

53

105

2018

$528,902

$365,000

94%

88

33

86

2017

$445,692

$399,900

92%

77

51

101

2016

$538,750

$432,500

94%

96

104

112

11

/ Bourne / Cape Cod Q4 Market Update

|

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

350

$450,000

300

$400,000

250

$350,000 $300,000

200

$250,000 150

$200,000 $150,000

100

$100,000

50

$50,000 $-

0

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

Q4

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

{2019 v 2018}

Change

5%

2%

-

-50%

-3%

26%

2019

$609,629

$476,000

96%

131

142

102

2018

$580,591

$464,500

95%

260

146

81

2017

$573,423

$422,500

95%

176

128

89

2016

$509,688

$380,000

94%

265

302

121

Cape Cod Q4 Market Update / Falmouth / 12

at a glance {Q4 | 2019}

falmouth

142 -3 Units Sold

%

Change in Units Sold {2019 v 2018}

476k 2 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q4 | 2019}

mashpee

69 -1 Units Sold

%

Change in Units Sold {2019 v 2018}

540k 19 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

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

Q4

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

{2019 v 2018}

Change

21%

19%

-

-63%

-1%

-9%

2019

$763,023

$539,900

96%

88

69

116

2018

$628,500

$452,500

94%

238

70

127

2017

$566,865

$456,000

96%

147

76

139

2016

$644,868

$434,500

96%

223

152

115

15

/ Mashpee / Cape Cod Q4 Market Update

|

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

180

$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

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

Q4

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

{2019 v 2018}

Change

5%

1%

-

-47%

-16%

13%

2019

$477,172

$412,000

97%

94

83

90

2018

$452,753

$408,000

97%

179

99

80

2017

$447,524

$381,250

96%

121

78

75

2016

$379,017

$350,000

97%

195

158

108

Cape Cod Q4 Market Update / Sandwich / 16

at a glance {Q4 | 2019}

sandwich

83 -16 Units Sold

%

Change in Units Sold {2019 v 2018}

412k 1 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

Market Snapshot Mid Cape

Q4

Active by Price - Mid Cape

Units by area - Market Snapshot 250

200

Dennis

Barnstable

150

100

Yarmouth 50

Total Units Sold 199 124 103

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

$400,000

$2m and Above

$390,000

$380,000

$1m-$2m

$370,000

$250k-$500k

$360,000

$500k-$1m

$350,000

Dennis

Yarmouth

Barnstable

$340,000

Below $250K

$250K-$500K

Median Selling Price 390k $ 358k $ 375k

$

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 2% 47% 23 % 8% 7%

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 | 2019}

barnstable

199 6 Units Sold

%

Change in Units Sold {2019 v 2018}

390k 0 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

600

$390,000

500

$380,000 400

$370,000 $360,000

300

$350,000

200

$340,000 100

$330,000 $320,000

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

Q4

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

{2019 v 2018}

Change

-2%

0%

-

-41%

6%

-16%

2019

$572,252

$390,000

95%

237

199

84

2018

$582,125

$390,000

95%

400

187

99

2017

$519,988

$375,000

94%

313

198

110

2016

$499,361

$345,500

94%

426

480

106

21

/ Barnstable / Cape Cod Q4 Market Update

barnstable

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

10

$900,000 $800,000

Units Sold

$700,000

129

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

Average DOM

95

$300,000

%

$200,000 $100,000

List/Sale Ratio

$-

2016

2017

2018

2019

Centerville {Average Selling Price | Over Four Years}

49

$470,000

$460,000 $450,000

Units Sold

$440,000

64

$430,000 $420,000 $410,000

Average DOM

$400,000

97

%

$390,000 $380,000

List/Sale Ratio

$370,000

2016

2017

2018

2019

barnstable town highlights

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

15

$800,000 $700,000

Units Sold

$600,000

63

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

Average DOM

97

$200,000

%

$100,000 $-

2016

2017

2018

2019

List/Sale Ratio

Hyannisport/West Hyannisport {Average Selling Price | Over Four Years} $1,200,000

3

$1,000,000 $800,000

Units Sold

366

$600,000 $400,000

Average DOM $200,000

85

%

$-

2016

2017

2018

2019

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

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

List/Sale Ratio

27

Units Sold

140

$800,000 $600,000

Average DOM

$400,000 $200,000 $-

2016

2017

2018

2019

23

91

%

List/Sale Ratio

/ Barnstable Town Highlights / Cape Cod Q4 Market Update

|

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

300

$360,000

250

$350,000 $340,000

200

$330,000

150

$320,000 $310,000

100

$300,000

50

$290,000 $280,000

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

Q4

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

{2019 v 2018}

Change

0%

4%

-

-50%

-13%

-3%

2019

$394,737

$358,200

97%

120

124

79

2018

$393,470

$345,000

97%

240

143

81

2017

$408,718

$340,000

95%

134

123

82

2016

$347,287

$310,000

96%

168

264

91

Cape Cod Q4 Market Update / Yarmouth / 24

at a glance {Q4 | 2019}

yarmouth

124 -13 Units Sold

%

Change in Units Sold {2019 v 2018}

358k 4 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q4 | 2019}

dennis

103 16 Units Sold

%

Change in Units Sold {2019 v 2018}

375k 1 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

300

$375,000 250

$370,000 $365,000

200

$360,000 $355,000

150

$350,000 100

$345,000 $340,000

50

$335,000 $330,000

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

Q4

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

{2019 v 2018}

Change

39%

1%

-

-49%

16%

-15%

2019

$658,141

$375,000

97%

80

103

62

2018

$473,014

$370,000

95%

158

89

73

2017

$458,024

$348,000

94%

105

101

92

2016

$496,305

$350,000

96%

141

248

104

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

Harwich

Chatham

40

20

Orleans

Total Units Sold 34 79 34 53 53

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

$800,000 $700,000 $600,000

$250k-$500k

$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 448k $ 509k $ 696k $ 727k $ 519k $

$500K - $1M

$1M-$2M

$2M and Above

Total Volume

by Price Point 0% 23% 34% 29% 14%

Brewster Harwich Orleans Chatham Eastham

29

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

/ Lower Cape Highlights / Cape Cod Q4 Market Update

at a glance {Q4 | 2019}

brewster

34 -29 Units Sold

%

Change in Units Sold {2019 v 2018}

448k -5 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

90 80

$470,000

70 $460,000

60

$450,000

50

$440,000

40 30

$430,000

20 $420,000

10

$410,000

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

Q4

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

{2019 v 2018}

Change

6%

-5%

-

-40%

-29%

9%

2019

$629,696

$448,250

97%

52

34

86

2018

$594,039

$473,000

97%

86

48

79

2017

$526,783

$438,250

97%

55

60

78

2016

$591,729

$443,250

96%

75

80

80

31

/ Brewster / Cape Cod Q4 Market Update

|

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

250

$500,000

200

$400,000 150 $300,000 100 $200,000 50

$100,000 $-

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

Q4

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

{2019 v 2018}

Change

1%

20%

-

-36%

1%

30%

2019

$611,085

$509,000

96%

75

79

101

2018

$604,893

$422,500

94%

117

78

77

2017

$552,336

$442,750

96%

71

78

101

2016

$525,079

$410,000

95%

128

194

136

Cape Cod Q4 Market Update / Harwich / 32

at a glance {Q4 | 2019}

harwich

79 1 Units Sold

%

Change in Units Sold {2019 v 2018}

509k 20 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q4 | 2019}

orleans

34 -13 Units Sold

%

Change in Units Sold {2019 v 2018}

696k -8 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

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

Q4

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

{2019 v 2018}

Change

-2%

-8%

-

-7%

-13%

15%

2019

$864,618

$696,450

92%

76

34

120

2018

$877,900

$760,000

97%

82

39

105

2017

$976,343

$849,001

92%

65

25

234

2016

$847,072

$632,500

94%

87

72

174

35

/ Orleans / Cape Cod Q4 Market Update

|

Median Selling UnitsPrice vs MedianTotal - Area Units Sold $820,000

160

$800,000

140

$780,000

120

$760,000

100

$740,000

80

$720,000

60

$700,000

40

$680,000

20

$660,000

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

Q4

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

{2019 v 2018}

Change

-34%

-5%

-

-35%

-2%

4%

2019

$1,024,930

$727,000

94%

122

53

192

2018

$1,564,364

$764,500

95%

189

54

185

2017

$1,027,144

$807,500

93%

144

56

170

2016

$1,090,510

$710,000

95%

158

138

199

Cape Cod Q4 Market Update / Chatham / 36

at a glance {Q4 | 2019}

chatham

53 -2 Units Sold

%

Change in Units Sold {2019 v 2018}

727k -5 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

at a glance {Q4 | 2019}

eastham

53 -5 Units Sold

%

Change in Units Sold {2019 v 2018}

519k 8 $

Median Selling Price

%

Change in Median Selling Price {2019 v 2018}

|

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

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

Q4

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

{2019 v 2018}

Change

19%

8%

-

-31%

-5%

0%

2019

$629,650

$519,000

96%

56

53

99

2018

$530,829

$482,000

96%

81

56

99

2017

$555,818

$469,000

98%

50

44

90

2016

$496,242

$405,000

94%

69

86

110

39

/ Eastham / Cape Cod Q4 Market Update

Exceptional Diamonds. Curated by Sotheby’s.

LONDON HONG KONG NEW YORK. SOTHEBYSDIAMONDS.COM