Cape Cod Market Update | Q4 2017

Q4 | 2017

Cape Cod

Market Update

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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

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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

900

Units by Region

800 700 600

Lower Cape Upper Cape

500 400 300 200

Mid Cape

100

Total Units Sold 1,406 1,671 907

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

$2M and Above

$500,000

Below $250K

$400,000

$1M-$2M $300,000

$250K-$500K

$200,000

$500K - $1M

$100,000

Median Selling Price 399k $ 348k $ 485k

$

Lower Cape

Mid Cape

Upper Cape

$Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 3% 41 % 29 % 25 % 2%

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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/ Cape Cod Featured Properties / Cape Cod Q4 Market Update

Market Snapshot Q4

Active by Price - Upper Cape

Upper Cape

300 Units by area - Market Snapshot

250

Bourne

200

Sandwich 150

Mashpee

Falmouth

100

50

Total Units Sold 217 552 301 336

Sandwich

Mashpee

Falmouth

Sandwich

Mashpee

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

Upper Cape - Median

Bourne Falmouth Mashpee Sandwich

Sold Volume by Price point - Market Snapshot

$430,000 $420,000

Below $250K

$2M and Above

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

$1M-$2M

$380,000

$250K-$500K

$370,000 $360,000

$500K - $1M

$350,000 $340,000

Median Selling Price 375k $ 419k $ 425k $ 365k $

Sandwich

Mashpee

Falmouth

Bourne

$330,000

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 3% 43% 33% 12 % 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 | 2017}

bourne

4

%

Change in Median Selling Price {2017 v 2016}

-3

%

Change in Units Sold {2017 v 2016}

217 Units Sold

375k

$

Median Selling Price

|

Units vs MedianTotal - AreaUnits Sold Median Selling Price $380,000

250

$370,000 $360,000

200

$350,000 $340,000

150

$330,000 $320,000

100

$310,000 $300,000

50

$290,000 $280,000

0

2014

2015

2016

2017

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 Discount Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2017 v 2016}

Change

3%

4%

-

-3%

-16%

2017

$470,456

$375,000

4%

88

217

128

2016

$455,691

$360,000

3%

77

223

153

2015

$372,511

$323,500

3%

96

219

152

2014

$438,340

$314,000

3%

92

161

185

11

/ Bourne / Cape Cod Q4Market Update

|

Units vs MedianTotal - AreaUnits Sold Median Selling Price $430,000

590

$420,000

580 570

$410,000

560

$400,000

550

$390,000

540

$380,000

530

$370,000

520

$360,000

510

$350,000

500

2014

2015

2016

Median Selling Price

2017 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 Discount Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2017 v 2016}

Change

4%

7%

-

2017

$545,165

$419,000

3%

2016

$523,762

$393,250

2015

$491,490

2014

$536,368

Cape Cod Q4 Market Update / Falmouth / 12

-5%

-30%

260

552

117

2%

176

582

167

$379,500

4%

265

545

176

$393,000

4%

242

533

172

at a glance {Q4 | 2017}

falmouth

7

%

Change in Median Selling Price {2017 v 2016}

-5

%

Change in Units Sold {2017 v 2016}

552 Units Sold

419k

$

Median Selling Price

at a glance {Q4 | 2017}

mashpee

10

%

Change in Median Selling Price {2017 v 2016}

3

%

Change in Units Sold {2017 v 2016}

301 Units Sold

425k

$

Median Selling Price

|

Units vsPrice MedianTotal - AreaUnits Sold Median Selling $450,000

350

$400,000

300

$350,000 250

$300,000 $250,000

200

$200,000

150

$150,000

100

$100,000 50

$50,000 $-

0

2014

2015

2016

2017

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 Discount Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2017 v 2016}

Change

3%

10%

-

3%

-15%

2017

$571,194

$425,000

3%

238

301

144

2016

$555,828

$387,000

5%

147

291

169

2015

$537,767

$354,000

2%

223

243

177

2014

$566,334

$357,000

5%

161

233

210

15

/ Mashpee / Cape Cod Q4 Market Update

|

Units vsPrice MedianTotal - AreaUnits Sold Median Selling $370,000

450 400

$360,000

350 $350,000

300

$340,000

250

$330,000

200 150

$320,000

100 $310,000

50

$300,000

0

2014

2015

2016

Median Selling Price

2017 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 Discount Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2017 v 2016}

Change

9%

2%

-

2017

$436,375

$365,250

3%

2016

$401,109

$357,500

2015

$403,730

2014

$370,319

Cape Cod Q4 Market Update / Sandwich / 16

-14%

-27%

179

336

112

3%

121

392

153

$343,500

2%

195

312

145

$325,000

1%

134

264

164

at a glance {Q4 | 2017}

sandwich

2

%

Change in Median Selling Price {2017 v 2016}

-14

%

Change in Units Sold {2017 v 2016}

336 Units Sold

365k

$

Median Selling Price

Market Snapshot Mid Cape

Units by area - Market SnapshotActive by Price - Mid Cape 450 400 350

Dennis

300

Barnstable

250 200 150

Yarmouth

100 50

Yarmouth

Total Units Sold 801 512 358

Dennis

Dennis

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 $2M and Above

$380,000

Below $250K

$370,000 $360,000 $350,000

$1M-$2M

$340,000 $330,000

$250K-$500K

$320,000

$500K - $1M

$310,000 $300,000

Dennis

Yarmouth

Barnstable

$290,000

Below $250K

$250K-$500K

Median Selling Price 360k $ 320k $ 370k

$

$500K - $1M

$1M-$2M

$2M and Abo

Sold Volume

by Price Point 5% 46 % 22 % 22 % 5%

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 | 2017}

barnstable

6

%

Change in Median Selling Price {2017 v 2016}

-7

%

Change in Units Sold {2017 v 2016}

801 Units Sold

360k

$

Median Selling Price

|

Units vsPrice MedianTotal - AreaUnits Sold Median Selling $365,000

900

$360,000 $355,000

850

$350,000 $345,000

800

$340,000 $335,000

750

$330,000 $325,000

700

$320,000 $315,000 $310,000

650

2014

2015

2016

2017

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 Discount Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2017 v 2016}

Change

9%

6%

-

-7%

-11%

2017

$547,864

$360,000

3%

400

801

135

2016

$504,824

$340,000

3%

313

864

152

2015

$527,136

$340,000

3%

426

724

159

2014

$534,590

$329,900

4%

372

723

157

21

/ Barnstable / Cape Cod Q4 Market Update

barnstable

Town Highlights Barnstable {Median Selling Price | Over Four Years} $500,000

$480,000

59

Units Sold

$460,000

143

$440,000 $420,000

Average DOM

$400,000 $380,000

2014

2015

2016

2017

Centerville {Median Selling Price | Over Four Years} $360,000 $350,000 $340,000

-4.5

%

Discount Ratio

215

Units Sold

$330,000

110

$320,000 $310,000

Average DOM

$300,000 $290,000 $280,000

2014

2015

2016

2017

-2.8

%

Discount Ratio

barnstable town highlights

Cotuit {Median Selling Price | Over Four Years}

67

$460,000 $450,000

$440,000 $430,000

Units Sold

114

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

Average DOM

$390,000 $380,000 $370,000 $360,000

2014

2015

2016

2017

-6.1

%

Discount Ratio

Hyannisport/West Hyannisport {Median Selling Price | Over Four Years} $460,000

25

$440,000

Units Sold

$420,000

198

$400,000 $380,000

Average DOM

$360,000 $340,000

2014

2015

2016

2017

Osterville {Median Selling Price | Over Four Years} $800,000

$700,000 $600,000

-6.2

%

Discount Ratio

113

Units Sold

$500,000

232

$400,000 $300,000

Average DOM

$200,000 $100,000

0.0

%

$-

2014

2015

2016

2017

23

Discount Ratio

/ Barnstable Town Highlights / Cape Cod Q4 Market Update

|

Units vs MedianTotal - AreaUnits Sold Median Selling Price $350,000

600

$300,000

500

$250,000

400

$200,000 300 $150,000 200

$100,000

100

$50,000 $-

0

2014

2015

2016

Median Selling Price

2017 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 Discount Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2017 v 2016}

Change

16%

10%

-

2017

$385,531

$320,000

3%

2016

$332,815

$292,000

2015

$346,080

2014

$328,320

Cape Cod Q4 Market Update / Yarmouth / 24

-5%

-23%

240

512

101

2%

134

540

131

$290,000

3%

168

481

144

$265,000

4%

171

443

151

at a glance {Q4 | 2017}

yarmouth

10

%

Change in Median Selling Price {2017 v 2016}

-5

%

Change in Units Sold {2017 v 2016}

512 Units Sold

320k

$

Median Selling Price

at a glance {Q4 | 2017}

dennis

10

%

Change in Median Selling Price {2017 v 2016}

-7

%

Change in Units Sold {2017 v 2016}

358 Units Sold

370k

$

Median Selling Price

|

- AreaUnits Sold Units vs MedianTotal Median Selling Price $400,000

400 390

$350,000

380

$300,000

370

$250,000

360 350

$200,000

340

$150,000

330

$100,000

320 310

$50,000

300

$-

290

2014

2015

2016

2017

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 Discount Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2017 v 2016}

Change

4%

10%

-

-7%

-17%

2017

$472,569

$370,000

1%

158

358

114

2016

$453,234

$334,950

4%

105

386

138

2015

$455,827

$350,000

5%

141

333

156

2014

$417,231

$303,000

4%

149

325

166

27

/ Dennis / Cape Cod Q4 Market Update

Market Snapshot Q4

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 175 289 108 199 136

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

Lower Cape - Median

Brewster Harwich Orleans Chatham Eastham Sold Volume by Price point - Market Snapshot

$800,000

$2M and Above

$700,000

Below $250K

$600,000 $500,000

$250K-$500K

$1M-$2M

$400,000 $300,000 $200,000

$500K - $1M

$100,000

Eastham

Chatham

Orleans

Brewster

Harwich

$-

Below $250K

$250K-$500K

Median Selling Price 429k $ 410k $ 630k $ 609k $ 460k $

$500K - $1M

$1M-$2M

$2M and Above

Total Volume

by Price Point 0% 30 % 34 % 33 % 2%

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 | 2017}

brewster

1

%

Change in Median Selling Price {2017 v 2016}

4

%

Change in Units Sold {2017 v 2016}

175 Units Sold

430k

$

Median Selling Price

|

Units vsPrice MedianTotal - AreaUnits Sold Median Selling $440,000

180

$430,000

175

$420,000

170

$410,000

165

$400,000 160

$390,000

155

$380,000 $370,000

150

$360,000

145

2014

2015

2016

2017

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 Discount Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2017 v 2016}

Change

-2%

1%

-

4%

-21%

2017

$525,867

$430,000

3%

86

175

126

2016

$535,288

$423,750

3%

55

168

160

2015

$503,107

$411,000

2%

75

170

142

2014

$483,214

$383,725

4%

73

156

143

31

/ Brewster / Cape Cod Q4 Market Update

|

Units vs MedianTotal - AreaUnits Sold Median Selling Price $420,000

350

$410,000

300

$400,000

250

$390,000

200

$380,000 150

$370,000

100

$360,000 $350,000

50

$340,000

0

2014

2015

2016

Median Selling Price

2017 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 Discount Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2017 v 2016}

Change

2%

9%

-

2017

$543,710

$415,000

2%

2016

$531,678

$380,000

2015

$482,500

2014

$491,415

Cape Cod Q4 Market Update / Harwich / 32

-4%

-25%

117

289

117

4%

71

301

155

$375,000

4%

128

283

176

$371,000

5%

124

214

149

at a glance {Q4 | 2017}

harwich

9

%

Change in Median Selling Price {2017 v 2016}

-4

%

Change in Units Sold {2017 v 2016}

289 Units Sold

415k

$

Median Selling Price

at a glance {Q4 | 2017}

orleans

7

%

Change in Median Selling Price {2017 v 2016}

-21

%

Change in Units Sold {2017 v 2016}

108 Units Sold

669k

$

Median Selling Price

|

Units vsPrice MedianTotal - AreaUnits Sold Median Selling $740,000

160

$720,000

140

$700,000

120

$680,000

100

$660,000

80

$640,000

60

$620,000

40

$600,000 $580,000

20

$560,000

0

2014

2015

2016

2017

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 Discount Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2017 v 2016}

Change

5%

7%

-

-21%

-17%

2017

$882,966

$669,283

4%

82

108

187

2016

$838,314

$623,000

4%

65

137

225

2015

$893,647

$702,500

2%

87

130

192

2014

$854,244

$725,000

4%

62

115

196

35

/ Orleans / Cape Cod Q4 Market Update

|

- AreaUnits Sold Units vs MedianTotal Median Selling Price $720,000

210

$700,000

208 206

$680,000

204

$660,000

202 $640,000

200

$620,000

198

$600,000

196

$580,000

194

2014

2015

2016

Median Selling Price

2017 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 Discount Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2017 v 2016}

Change

-18%

-8%

-

2017

$917,487

$625,000

5%

2016

$1,114,106

$680,000

2015

$1,032,022

2014

$966,177

Cape Cod Q4 Market Update / Chatham / 36

-5%

-15%

189

199

190

8%

144

209

223

$699,500

4%

158

209

202

$660,000

6%

120

199

266

at a glance {Q4 | 2017}

chatham

-8

%

Change in Median Selling Price {2017 v 2016}

-5

%

Change in Units Sold {2017 v 2016}

100 Units Sold

625k

$

Median Selling Price

at a glance {Q4 | 2017}

eastham

15

%

Change in Median Selling Price {2017 v 2016}

-4

%

Change in Units Sold {2017 v 2016}

136 Units Sold

465k

$

Median Selling Price

|

- AreaUnits Sold Units vsPrice MedianTotal Median Selling $480,000

180 160

$460,000

140

$440,000

120 100

$420,000

80

$400,000

60 40

$380,000

20

$360,000

0

2014

2015

2016

2017

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 Discount Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2017 v 2016}

Change

18%

15%

-

-4%

-19%

2017

$539,425

$465,000

3%

81

136

131

2016

$455,949

$405,000

5%

50

142

161

2015

$469,756

$415,000

5%

69

158

170

2014

$521,905

$399,000

5%

88

127

190

39

/ Eastham / Cape Cod Q4 Market Update

UPCOMING AUCTIONS ARIZONA 18-19 JAN PARIS 7 FEB AMELIA ISLAND 10 MARCH FORT LAUDERDALE 6-7 APRIL AUBURN SPRING 10-12 MAY MONACO 12 MAY CALIFORNIA LATE JUNE MONTEREY 24-25 AUG AUBURN FALL 30 AUG - 2 SEPT HERSHEY 11-12 OCT LONDON LATE OCTOBER

INQUIRIES: 1 800 211 4371