Cape Cod Market Update | Q3 2017

Q3 | 2017

Cape Cod

Market Update

WIANNO HEAD WATERFRONT ESTATE

sothebyshomes.com/0403172 Offered at $8,975,000

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

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 1,084 1,260 648

Lower Cape

Lower Cape

Mid Cape

Upper Cape

Upper Cape

Mid 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 $2M and Above

$600,000

Below $250K

$500,000

$1M-$2M

$400,000

$250K-$500K

$300,000

$200,000

$500K - $1M $100,000

Median Selling Price 395k $ 345k $ 478k $

Lower Cape

Upper Cape

Mid Cape

$Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 3% 41 % 29 % 24 % 3%

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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Market Snapshot Q3

Active by Price - Upper Cape

Upper Cape

Units by area - Market Snapshot 300 250

Bourne Mashpee

200

150

100

Sandwich

Falmouth 50

Total Units Sold 169 428 259 228

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

Upper Cape - Median

Bourne Farlmouth Mashpee Sandwich

Sold Volume by Price point - Market Snapshot $430,000

$2M and Above

$420,000

Below $250K

$410,000 $400,000

$1M-$2M

$390,000 $380,000

$250K-$500K

$370,000 $360,000

$500K - $1M

$350,000 $340,000

Median Selling Price 373k $ 417k $ 412k $ 362k $

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% 21 % 0%

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 | 2017}

bourne

10

%

Change in Median Selling Price {2017 v 2016}

-1

%

Change in Units Sold {2017 v 2016}

169 Units Sold

373k

$

Median Selling Price

|

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

180

$370,000

160

$360,000

140

$350,000

120

$340,000

100

$330,000

80

$320,000

60

$310,000 $300,000

40

$290,000

20

$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

Q3

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

{2017 v 2016}

Change

11%

10%

-

-1%

-11%

2017

$479,131

$373,000

4%

102

169

136

2016

$430,433

$340,000

5%

130

171

154

2015

$368,809

$320,750

2%

153

166

146

2014

$466,084

$315,250

3%

131

122

188

11

/ Bourne / Cape Cod Q3 Market Update

|

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

440

$410,000

430

$400,000

420

$390,000

410

$380,000

400

$370,000

390

$360,000

380

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

Q3

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

{2017 v 2016}

Change

1%

6%

-

2017

$534,785

$416,750

3%

2016

$528,693

$395,000

2015

$483,955

2014

$524,263

Cape Cod Q3 Market Update / Falmouth / 12

-1%

-27%

253

428

125

1%

284

431

172

$380,000

5%

365

418

181

$385,000

4%

334

398

168

at a glance {Q3 | 2017}

falmouth

6

%

Change in Median Selling Price {2017 v 2016}

-1

%

Change in Units Sold {2017 v 2016}

428 Units Sold

417k

$

Median Selling Price

at a glance {Q3 | 2017}

mashpee

9

%

Change in Median Selling Price {2017 v 2016}

6

%

Change in Units Sold {2017 v 2016}

228 Units Sold

421k

$

Median Selling Price

|

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

250

$420,000

200

$400,000 150 $380,000 100 $360,000 50

$340,000 $320,000

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

Q3

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

{2017 v 2016}

Change

10%

9%

-

6%

-18%

2017

$573,339

$421,000

2%

239

228

146

2016

$523,067

$385,000

4%

224

216

179

2015

$512,399

$355,000

1%

256

179

170

2014

$570,904

$364,500

3%

180

171

213

15

/ Mashpee / Cape Cod Q3 Market Update

|

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

350

$360,000

300

$350,000

250

$340,000

200

$330,000

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

Q3

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

{2017 v 2016}

Change

6%

1%

-

2017

$431,989

$362,000

2%

2016

$406,685

$359,000

2015

$404,898

2014

$372,403

Cape Cod Q3 Market Update / Sandwich / 16

-17%

-22%

179

259

123

3%

184

313

158

$345,000

1%

259

227

152

$325,000

1%

198

201

167

at a glance {Q3 | 2017}

sandwich

1

%

Change in Median Selling Price {2017 v 2016}

-17

%

Change in Units Sold {2017 v 2016}

259 Units Sold

362k

$

Median Selling Price

Market Snapshot

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

Mid Cape

450 400 350

Dennis

300 250

Barnstable

200 150

Yarmouth

100 50

Yarmouth

Total Units Sold 609 390 261

Dennis

Dennis

Yarmouth

Barnstable

Barnstable

0

Active Inventory by Price Point & Area

Barnstable

Under $250k

Yarmouth

$250-$500k

Dennis

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

mid cape

Mid Cape - Median

Barnstable Yarmouth Dennis

Sold Volume by Price point - Market Snapshot $380,000

$2M and Above

$370,000

Below $250K

$360,000 $350,000 $340,000

$1M-$2M

$330,000 $320,000

$250K-$500K

$310,000

$500K - $1M

$300,000 $290,000

Dennis

Yarmouth

Barnstable

$280,000

Below $250K

$250K-$500K

Median Selling Price 360k $ 314k $ 374k

$

$500K - $1M

$1M-$2M

$2M and Abov

Sold Volume

by Price Point 6% 46 % 21 % 21 % 6%

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 | 2017}

barnstable

9

%

Change in Median Selling Price {2017 v 2016}

-2

%

Change in Units Sold {2017 v 2016}

609 Units Sold

360k

$

Median Selling Price

|

Median Selling Price Units vs MedianTotal - AreaUnits Sold $370,000

640 620

$360,000

600

$350,000

580 560

$340,000

540

$330,000

520 500

$320,000

480

$310,000

460

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

Q3

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

{2017 v 2016}

Change

10%

9%

-

-2%

-10%

2017

$555,566

$359,900

2%

410

609

143

2016

$506,925

$330,000

5%

446

624

158

2015

$528,979

$330,000

6%

551

524

156

2014

$522,397

$331,500

5%

448

542

150

21

/ Barnstable / Cape Cod Q3 Market Update

barnstable

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

42

$600,000 $500,000

Units Sold $400,000

151

$300,000 $200,000

Average DOM

-3.7

$100,000 $-

2014

2015

2016

2017

%

Discount Ratio

Centerville {Median Selling Price | Over Four Years}

158

$350,000 $340,000

Units Sold

$330,000

116

$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}

49

$500,000 $450,000 $400,000

Units Sold

$350,000

119

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

Average DOM

$150,000 $100,000 $50,000 $-

2014

2015

2016

2017

-7.7

%

Discount Ratio

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

25

$600,000 $500,000

Units Sold

198

$400,000 $300,000

Average DOM

$200,000 $100,000 $-

2014

2015

2016

2017

Osterville {Median Selling Price | Over Four Years}

-6.2

%

Discount Ratio

82

$800,000 $700,000

Units Sold

$600,000

248

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

Average DOM

$200,000

-4.2

%

$100,000 $-

2014

2015

2016

2017

23

Discount Ratio

/ Barnstable Town Highlights / Cape Cod Q3 Market Update

|

Units vs Median - AreaUnits Sold Median Selling Price Total $320,000

450

$310,000

400 350

$300,000

300

$290,000

250

$280,000

200

$270,000

150

$260,000

100

$250,000

50

$240,000

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

Q3

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

{2017 v 2016}

Change

15%

11%

-

2017

$377,743

$313,750

3%

2016

$327,884

$282,500

2015

$347,389

2014

$317,053

Cape Cod Q3 Market Update / Yarmouth / 24

-5%

-20%

214

390

107

3%

183

409

134

$285,000

5%

274

341

148

$265,500

5%

244

315

159

at a glance {Q3 | 2017}

yarmouth

11

%

Change in Median Selling Price {2017 v 2016}

-5

%

Change in Units Sold {2017 v 2016}

390 Units Sold

314k

$

Median Selling Price

at a glance {Q3 | 2017}

dennis

15

%

Change in Median Selling Price {2017 v 2016}

0

%

Change in Units Sold {2017 v 2016}

261 Units Sold

374k

$

Median Selling Price

|

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

265

$350,000

260 255

$300,000

250

$250,000

245

$200,000

240

$150,000

235 230

$100,000

225

$50,000

220

$-

215

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

Q3

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

{2017 v 2016}

Change

10%

15%

-

0%

-12%

2017

$477,042

$374,000

1%

165

261

123

2016

$432,850

$326,500

3%

178

262

140

2015

$429,045

$350,000

4%

209

231

156

2014

$405,772

$300,000

4%

195

243

171

27

/ Dennis / Cape Cod Q3 Market Update

Market Snapshot Q3

Active by Price - Lower Cape

Lower Cape

Units by area - Market Snapshot 200 180 160

Eastham

Brewster

140 120 100

Chatham

80

Harwich

60 40

Orleans

20

Total Units Sold 115 211 83 144 95

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 - Median lower cape

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

$700,000

$2M and Above

$600,000

Below $250K

$500,000

$400,000

$250K-$500K

$1M-$2M $300,000

$200,000

$100,000

$500K - $1M

Orleans

Harwich

Eastham

Chatham

Brewster

$-

Below $250K

$250K-$500K

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

$500K - $1M

$1M-$2M

$2M and Above

Total Volume

by Price Point 1% 31 % 35 % 30 % 3%

Brewster Harwich Orleans Chatham Eastham

29

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

/ Lower Cape Highlights / Cape Cod Q3 Market Update

at a glance {Q3 | 2017}

brewster

3

%

Change in Median Selling Price {2017 v 2016}

-10

%

Change in Units Sold {2017 v 2016}

115 Units Sold

429k

$

Median Selling Price

|

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

130

$430,000 125

$420,000 $410,000

120

$400,000 $390,000

115

$380,000 $370,000

110

$360,000 $350,000

105

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

Q3

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

{2017 v 2016}

Change

1%

3%

-

-10%

-14%

2017

$525,389

$429,000

2%

82

115

151

2016

$517,650

$415,000

4%

89

128

176

2015

$517,603

$411,000

3%

113

126

144

2014

$460,438

$381,225

3%

102

118

145

31

/ Brewster / Cape Cod Q3 Market Update

|

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

250

$410,000 200

$400,000 $390,000

150

$380,000 100

$370,000 $360,000

50

$350,000 $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

Q3

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

{2017 v 2016}

Change

1%

11%

-

2017

$540,521

$410,000

1%

2016

$534,815

$369,950

2015

$472,315

2014

$463,244

Cape Cod Q3 Market Update / Harwich / 32

3%

-19%

112

211

124

3%

126

204

153

$375,000

4%

171

219

179

$370,000

4%

162

160

147

at a glance {Q3 | 2017}

harwich

11

%

Change in Median Selling Price {2017 v 2016}

3

%

Change in Units Sold {2017 v 2016}

211 Units Sold

410k

$

Median Selling Price

at a glance {Q3 | 2017}

orleans

1

%

Change in Median Selling Price {2017 v 2016}

-18

%

Change in Units Sold {2017 v 2016}

83 Units Sold

630k

$

Median Selling Price

|

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

120

$680,000

100

$660,000

80

$640,000

60

$620,000

40

$600,000

20

$580,000

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

Q3

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

{2017 v 2016}

Change

2%

1%

-

-18%

-26%

2017

$854,840

$630,000

6%

90

83

172

2016

$835,193

$622,000

1%

82

101

232

2015

$810,138

$686,500

2%

120

88

185

2014

$764,759

$670,000

4%

92

79

204

35

/ Orleans / Cape Cod Q3 Market Update

|

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

152 150

$680,000

148 $660,000

146

$640,000

144

$620,000

142 140

$600,000

138 $580,000

136

$560,000

134

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

Q3

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

{2017 v 2016}

Change

-22%

-10%

-

2017

$873,298

$608,750

4%

2016

$1,125,736

$680,000

2015

$1,004,971

2014

$987,876

Cape Cod Q3 Market Update / Chatham / 36

3%

-8%

180

144

197

7%

197

140

215

$683,300

2%

180

149

188

$654,000

6%

168

150

274

at a glance {Q3 | 2017}

chatham

-10

%

Change in Median Selling Price {2017 v 2016}

3

%

Change in Units Sold {2017 v 2016}

144 Units Sold

609k

$

Median Selling Price

at a glance {Q3 | 2017}

eastham

13

%

Change in Median Selling Price {2017 v 2016}

-4

%

Change in Units Sold {2017 v 2016}

95 Units Sold

460k

$

Median Selling Price

|

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

105

$460,000

100

$440,000

95

$420,000

90

$400,000

85

$380,000

80

$360,000

75

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

Q3

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

{2017 v 2016}

Change

21%

13%

-

-4%

-14%

2017

$529,630

$460,000

3%

83

95

147

2016

$438,448

$407,500

4%

80

99

170

2015

$452,331

$396,000

6%

100

102

173

2014

$531,278

$399,000

5%

114

87

180

39

/ Eastham / Cape Cod Q3 Market Update

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