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CAPECODmarket update YEAR TO DATE, Q3 2013


OSTERVILLE BROKERAGE 851 Main Street | Osterville, MA 02655 508.428.9115 | 800.851.9115 FALMOUTH BROKERAGE 550 West Falmouth Hwy | West Falmouth, MA 02574 508.548.2522 | 866.508.2522 sothebyshomes.com Operated by Sotheby’s International Realty, Inc.

oldCape

The arm-shaped peninsula known as Cape Cod rests in the southeast corner

BREWSTER BROKERAGE 2404 Main Street | Brewster, MA 02631 508.896.5000 | 800.896.9008

of Massachusetts, extending east into the Atlantic Ocean. Its 559.6 miles of

HARWICH BROKERAGE 587 Route 28 | Harwich Port, MA 02646 508.432.6100 | 888.432.9220

Barnstable County, which comprises 15 towns: Bourne, Sandwich, Falmouth,

coastal shoreline are accented by bays, harbors, beaches and marshland settings of breath-taking natural beauty. Cape Cod incorporates all of Mashpee, Barnstable, Yarmouth, Dennis, Harwich, Brewster, Chatham, Orleans, Eastham, Wellfleet, Truro, and Provincetown.

ORLEANS BROKERAGE 6 Route 6A | Orleans, MA 02653 508.255.6000 | 800.255.0173

With waterfront to please all tastes, Cape Cod’s northern shoreline is formed

oldcape.com

Sound; easterly is the raw power of the Atlantic Ocean and across its land-

Independently Owned & Operated.

scape are over 365 kettle ponds formed by the glaciers thousands of years ago.

by the tidal waters of Cape Cod Bay; south lies the warm waters of Nantucket

Cape Cod’s location provides access to many activities both on the water

Atlantic Bay PROVINCETOWN BROKERAGE 168 Commercial Street | Provincetown, MA 02657 508.487.2430 | atlanticbaysir.com Independently Owned & Operated.

and land, and its temperate climate, thanks to the nearby Gulf Stream, allows enjoyment for many months out of the year. For example, located just off the shore of Provincetown to the northwest is the Stellwagen Bank National Marine Sanctuary, a renowned location for whale watching. And, many of the towns’ harbors provide deep-water access to sportfishing and world-class sailing. Additionally, Cape Cod has become a premier golf destination, with over 35 public and private golf courses; many designed by today’s biggest golf course architects including Reese Jones, Geoffrey Cornish, Skip Wogan and Brian Silva. Let’s not forget the rich arts and cultural heritage on Cape Cod providing activities from orchestras and opera to galleries, museums and performing arts. When describing a location on Cape Cod, locals refer to four distinct regions: the Upper Cape is the region located closest to the mainland, the Mid Cape is located in the middle as you move east. Next comes the Lower Cape, located at the elbow of the arm and then as you progress further out into the Atlantic toward the tip of Cape Cod you have the Outer Cape.

CRANBERRY HARVEST, HARWICH Sotheby’s International Realty® is a registered trademark.

2

Statistical information contained in this report is from the Cape Cod and Islands MLS, Current inventory as of May 8, 2013.. FROM THE COVER: Property Web ID: 0402773

sothebysrealty.com


The Upper Cape

BOURNE | FALMOUTH | SANDWICH | MASHPEE

The number of units sold in the Upper Cape has increased by 2% in 2013 as compared to 2012. Bourne has experienced a 2% decrease in the average selling price of a single family unit and a 1% decrease in condominium units. Bourne’s Single Family unit sales are down 6% and condominiums are up 5%.

Single Family sales in Mashpee have increased by 15% and condominiums by 8%. There has been a 9% increase in the average selling price of single family homes and a 4% increase in condominiums.

Falmouth Single Family units are down 1% and condominium sales have decreased by 21%. Falmouth has seen a 15% increase in the average selling price of a single family home while there has been an increase of 12% in condominiums.

TOTAL UNITS SOLD UPPER CAPE

Sandwich’s Single Family unit sales have increased by 2% and condominiums have declined by 21%. Sandwich’s average selling price of a single family has increased by 15% while condominiums have decreased by 30%.

UPPER CAPE SALES |

January - September 2013

2012

2013

under $250k

2013

under $250,000

365

283

$250k - $499,999

2012

$250,000 - $499,999

546

612

$500,000 -$ 749,999

106

134

$1M - $1,999,999

$750,000 - $999,999

42

47

$2M - $3,999,999

$1M - $1,999,999

31

40

$4M +

$2M - $3,999,999

12

10

$4M +

1

3

BOURNE

$500k -$ 749,999 $750k - $999,999

0

SF

CONDO

Average Sales Price 2012

$405,978

$242,150

Average Sales Price 2013

$399,610

$240,650

% Change

-2%

-1%

Average Days on Market 2012

175

151

Average Days on Market 2013

145

142

% Change

-17%

-6%

Avg Sold/List Price Difference 2012

91%

95%

Avg Sold/List Price Difference 2013

92%

97%

% Change

1%

2%

SOLD Jan-Sep 2012

UNITS SOLD

200

400 # Units Sold

600

800

Property Web ID: 0840136

SOLD Jan-Sep 2013

% Change 2012 to 2013

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

57

22

30

25

-47%

14%

18

8

5

3

$250,000 - $499,999

61

16

77

15

26%

-6%

67

11

8

7

$500,000 -$ 749,999

8

0

17

0

113%

0%

24

0

13

0

$750,000 - $999,999

7

0

4

0

-43%

0%

11

0

25

0

$1M - $1,999,999

7

0

5

0

-29%

0%

11

0

20

0

$2M - $3,999,999

2

0

1

0

-50%

0%

6

0

54

0

$4M +

0

0

0

0

0%

0%

2

0

0

0

142

38

134

40

-6%

5%

139

19

6

3

TOTALS

CAPE COD | The Upper Cape

3


FALMOUTH

SF

CONDO

Average Sales Price 2012

$465,884

$335,228

Average Sales Price 2013

$536,434

$375,555

% Change

15%

12%

Average Days on Market 2012

155

162

Average Days on Market 2013

143

201

% Change

-8%

24%

Avg Sold/List Price Difference 2012

93%

95%

Avg Sold/List Price Difference 2013

94%

96%

% Change

1%

1%

SOLD Jan-Sep 2012

SOLD Jan-Sep 2013

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

97

15

86

8

-11%

-47%

35

11

4

12

$250,000 - $499,999

195

32

175

30

-10%

-6%

165

26

8

8

$500,000 -$ 749,999

59

5

80

1

36%

-80%

78

6

9

54

$750,000 - $999,999

23

0

22

1

-4%

100%

54

0

22

0

$1M - $1,999,999

16

0

23

1

44%

100%

46

4

18

36

$2M - $3,999,999

6

0

5

0

-17%

0%

27

0

49

0

$4M +

1

0

3

0

200%

0%

5

0

15

0

397

52

394

41

-1%

-21%

410

47

6

7

SF

CONDO

Average Sales Price 2012

$336,899

$197,621

Average Sales Price 2013

$386,549

$138,682

% Change

15%

-30%

Average Days on Market 2012

164

202

UNITS SOLD

TOTALS

SANDWICH

Average Days on Market 2013

140

274

% Change

-15%

36%

Avg Sold/List Price Difference 2012

95%

95%

Avg Sold/List Price Difference 2013

96%

95%

% Change

1%

0%

% Change 2012 to 2013

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

Property Web ID: 0402733

SOLD Jan-Sep 2012

SOLD Jan-Sep 2013

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

72

12

43

11

-40%

-8%

15

6

3

5

$250,000 - $499,999

123

2

151

0

23%

-100%

110

8

7

-

$500,000 -$ 749,999

20

0

19

0

-5%

0%

48

0

23

0

$750,000 - $999,999

7

0

10

0

43%

0%

20

0

18

0

$1M - $1,999,999

1

0

4

0

300%

0%

10

0

23

0

$2M - $3,999,999

0

0

0

0

0%

0%

3

0

0

0

$4M +

0

0

0

0

0%

0%

0

0

0

0

223

14

227

11

2%

-21%

206

14

5

8

UNITS SOLD

TOTALS 4

Property Web ID: 0840684

% Change 2012 to 2013

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

sothebysrealty.com


MASHPEE

SF

CONDO

Average Sales Price 2012

$420,124

$272,459

Average Sales Price 2013

$458,295

$283,506

% Change

9%

4%

Average Days on Market 2012

153

198

Average Days on Market 2013

143

159

% Change

-7%

-20%

Avg Sold/List Price Difference 2012

95%

96%

Avg Sold/List Price Difference 2013

93%

97%

% Change

-2%

1%

Property Web ID: 0402771

SOLD Jan-Sep 2012

SOLD Jan-Sep 2013

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

55

50

44

36

-20%

-28%

15

20

3

5

$250,000 - $499,999

61

56

84

80

38%

43%

80

60

9

7

$500,000 -$ 749,999

14

0

15

2

7%

100%

25

2

15

9

$750,000 - $999,999

3

2

10

0

233%

-100%

24

1

22

-

$1M - $1,999,999

6

1

7

0

17%

-100%

43

0

55

0

$2M - $3,999,999

4

0

4

0

0%

0%

17

0

38

0

$4M +

0

0

0

0

0%

0%

2

0

-

0

143

109

164

118

15%

8%

206

83

8

4

UNITS SOLD

TOTALS

% Change 2012 to 2013

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

Watch for whales and tour Cape Cod’s affluent island communities content from sothebyshomes.com As the easternmost land masses in the commonwealth of Massachusetts, Cape Cod and its neighboring islands have long been premier destinations for international travelers and wealthy homebuyers. In addition to breathtaking scenery and optimal weather patterns, these affluent coastal communities regularly provide both residents and visitors with numerous options for supreme relaxation and stylish recreation. Individuals exploring this region can not only spend time viewing the grandiose properties of celebrities and luxury real estate owned by business leaders, but also watching for a variety of whale species while visiting the different islands. read more

CAPE COD | The Upper Cape

5


On The Market FEATURED PROPERTY

LISTINGS AROUND THE WORLD IN THIS PRICE RANGE

FALMOUTH, MA

IN METROPOLITAN MARKETS

6 br, 4 ba, 2 hf ba | $2,495,000 Web ID: 0840666

NEW YORK

LOS ANGELES

SAN FRANCISCO

3 br, 4 ba | $3,495,000

2 br, 3 ba | $3,995,000

2 br, 2 ba, 1 hf ba | $1,700,000

PALM BEACH

WATER MILL

SANTA BARBARA

4 br, 5 ba | $3,400,000

4 br, 4 ba, 1 hf ba | $2,995,000

8 br, 3 ba, 3 hf ba | $3,450,000

MEXICO

ST. LUCIA

MALTA

4 br, 4 ba | $2,980,000

3 br, 3 ba, 1 hf ba | $2,500,000

3 br, 3 ba | $2,996,867

Sotheby’s International Realty | Cape Cod

IN RESORT MARKETS Enjoy stunning clear vistas of Nantucket Sound and Martha’s Vineyard from this iconic home at 2 Wyoming Avenue. This spectacular ocean view home marries the ambiance of Falmouth Heights with close proximity to beaches, restaurants, the Harbor, and more. Newly built in 2006, this large, gracious home embraces the classic Cape Cod style and offers amazing views from nearly every room with an inviting, open floor plan designed for today’s hospitality. The outstanding chef’s kitchen/dining room welcomes all comers, who can then retire to the breezy verandah or the well-equipped home theater. Five en-suite bedrooms include a Master Suite with a private balcony overlooking the Sound. A family room, home office and two laundries offer more convenience. This is an unparalleled opportunity in a unique location.

6

IN FOREIGN MARKETS

UPCOMING AUCTION ITEMS

THE GOSSIPS, 1848 BY NORMAN ROCKWELL FOR THE SATURDAY EVENING POST American Art Sale; Dec. 4, 2013 Estimate: $6 - 9 Million

sothebysrealty.com


The Mid Cape

BARNSTABLE | YARMOUTH | DENNIS

The number of units sold in the Mid Cape has increased by 2% in 2013 as compared to 2012.

Yarmouth single family units are down 3% and condominums are down 21%.

Barnstable’s average selling price in single family homes has increased 9%, while the average selling price of condominiums has remained flat . Over the same time frame in Barnstable, both closed unit sales are up. 6% for single family units and 8% for condominums.

Dennis single family units are up 11% and condominums are up 1% for 2013 vs 2012.

TOTAL UNITS SOLD MID CAPE

MID CAPE SALES |

January - September 2013

2012

2013

under $250k

2013

under $250,000

601

533

$250k - $499,999

2012

$250,000 - $499,999

544

602

$500k -$ 749,999

$500,000 -$ 749,999

99

127

$750,000 - $999,999

32

32

$2M - $3,999,999

$1M - $1,999,999

30

43

$4M +

$2M - $3,999,999

10

12

$4M +

7

4

$750k - $999,999 $1M - $1,999,999

0

BARNSTABLE

SF

CONDO

Average Sales Price 2012

$471,164

$223,407

Average Sales Price 2013

$513,500

$222,761

% Change

9%

0%

Average Days on Market 2012

166

216

Average Days on Market 2013

152

202

% Change

-8%

-6%

Avg Sold/List Price Difference 2012

93%

93%

Avg Sold/List Price Difference 2013

93%

95%

% Change

0%

3%

SOLD Jan-Sep 2012

UNITS SOLD

200

400 # Units Sold

600

800

Property Web ID: 0402721

SOLD Jan-Sep 2013

% Change 2012 to 2013

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

194

36

170

39

-12%

8%

52

33

3

8

$250,000 - $499,999

235

21

277

22

18%

5%

235

32

8

13

$500,000 -$ 749,999

53

3

55

4

4%

33%

72

6

12

14

$750,000 - $999,999

21

0

19

0

-10%

0%

52

0

25

0

$1M - $1,999,999

19

0

33

0

74%

0%

56

0

15

0

$2M - $3,999,999

9

0

9

0

0%

0%

36

0

36

0

$4M +

6

0

4

0

-33%

0%

28

0

63

0

537

60

572

65

6%

8%

531

71

6

7

TOTALS CAPE COD | The Mid Cape

7


YARMOUTH

SF

CONDO

Average Sales Price 2012

$310,570

$205,012

Average Sales Price 2013

$311,757

$200,762

% Change

0%

-2%

Average Days on Market 2012

132

159

Average Days on Market 2013

136

135

% Change

3%

-15%

Avg Sold/List Price Difference 2012

95%

95%

Avg Sold/List Price Difference 2013

95%

96%

% Change

1%

1%

SOLD Jan-Sep 2012

SOLD Jan-Sep 2013

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

171

64

137

59

-20%

-8%

55

40

4

6

$250,000 - $499,999

148

32

165

16

11%

-50%

142

26

8

15

$500,000 -$ 749,999

15

0

24

1

60%

100%

39

3

15

27

$750,000 - $999,999

1

0

4

0

300%

0%

12

2

27

-

$1M - $1,999,999

8

0

3

0

-63%

0%

11

0

33

0

$2M - $3,999,999

0

0

0

0

0%

0%

10

0

0

0

$4M +

1

0

0

0

-100%

0%

2

0

0

0

344

96

333

76

-3%

-21%

271

71

5

6

UNITS SOLD

TOTALS

DENNIS

SF

CONDO

Average Sales Price 2012

$372,481

$139,103

Average Sales Price 2013

$409,052

$146,365

% Change

10%

5%

Average Days on Market 2012

152

140

Average Days on Market 2013

115

149

% Change

-24%

6%

Avg Sold/List Price Difference 2012

93%

94%

Avg Sold/List Price Difference 2013

94%

94%

% Change

2%

0%

SOLD Jan-Sep 2012

UNITS SOLD

% Change 2012 to 2013

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

Property Web ID: 0402734

SOLD Jan-Sep 2013

% Change 2012 to 2013

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

74

62

68

60

-8%

-3%

41

42

5

6

$250,000 - $499,999

103

5

114

8

11%

60%

115

16

9

18

$500,000 -$ 749,999

28

0

43

0

54%

0%

46

2

10

-

$750,000 - $999,999

10

0

9

0

-10%

0%

24

1

24

-

$1M - $1,999,999

3

0

7

0

133%

0%

23

2

30

-

$2M - $3,999,999

1

0

3

0

200%

0%

5

0

15

0

$4M +

0

0

0

0

0%

0%

2

0

-

0

219

67

244

68

11%

1%

256

63

6

6

TOTALS 8

Property Web ID: 0402726

sothebysrealty.com


On The Market FEATURED PROPERTY

LISTINGS AROUND THE WORLD IN THIS PRICE RANGE

EASTHAM, MA

IN METROPOLITAN MARKETS

7 br, 5 ba, 1 hf ba | $4,200,000 Web ID: 20995320

NEW YORK

BEVERLY HILLS

STINSON BEACH

3 br, 3 ba | $6,295,000

5 br, 5 ba, 1 hf ba | $6,495,000

4 br, 3 ba | $6,450,000

PALM BEACH GARDENS

WAINSCOTT

SANTA BARBARA

6 br, 7 ba, 1 hf ba | $6,650,000

5 br, 5 ba, 2 hf ba | $4,750,000

4 br, 4 ba, 1 hf ba | $5,750,000

MEXICO

ST. LUCIA

MALTA

7 br, 9 ba, 2 hf ba | $6,250,000

8 br, 8 ba | $5,000,000

5 br, 7 ba | Price Upon Request

oldCape Sotheby’s International Realty

IN RESORT MARKETS Located on Cape Cod Bay at the end of a private road, this 5200 square foot Shingle Style home is well-sited on 4.5+ acres abutting conservation land. Built by Scott Sisson, the gracious and comfortable main house recalls the style of a bygone era. The warm patina of reclaimed flooring affords an appealing backdrop to an easy living first floor plan. Seven bedrooms fit out this expansive home, with water views from almost every room. The master suite offers a most inviting sitting area, glassed on three sides to monitor your ever changing vistas. Both the library and den adjoin the popular 30 ft. screened porch. Grounds are graced with welltended gardens, a lovely wisteria adorned pergola. 3 car garage w entertainment or bedroom quarters and deck above. Private beachfront/ waterfront, stunning sunsets, and enviable privacy can be yours.

CAPE COD | The Mid Cape

IN FOREIGN MARKETS

UPCOMING AUCTION ITEMS

AUTOMOBILE IN CORSA, 1913 BY GIACOMO BALLA Impressionist & Modern Art Evening Sale November 6, 2013 Estimate: $12 - 18 Million

9


The Lower Cape

BREWSTER | HARWICH | ORLEANS | CHATHAM | EASTHAM

The five Towns comprising the Lower Cape have experienced a relatively flat level of activity in 2013 when compared to 2012. The number of units sold in the Lower Cape are up by about 3% in 2013 as compared to 2012. Brewster has seen a 3% decrease in single family unit sales year over year, and condominiums are up by 2%.

Orleans experienced a 7% decrease in average sales price for single family homes, while condomium prices increased 8%. Chatham experienced an increase in single family sales year over year of 27% while Eastham posted a decline of 1%.

Unlike Brewsters decline in single family units, Harwich saw an increase. Harwich performed with a 15% increase in single family sales and a 3% increase in sales of condominium units.

LOWER CAPE SALES | TOTAL UNITS SOLD LOWER CAPE

2012

2013

under $250k

2013

under $250,000

146

141

$250k - $499,999

2012

$250,000 - $499,999

356

402

$500,000 -$ 749,999

153

127

$750,000 - $999,999

53

51

$2M - $3,999,999

$1M - $1,999,999

41

54

$4M +

$2M - $3,999,999

15

12

$4M +

3

1

BREWSTER

$500k -$ 749,999 $750k - $999,999 $1M - $1,999,999

0

SF

CONDO

Average Sales Price 2012

$497,825

$289,550

Average Sales Price 2013

$479,260

$232,078

% Change

-4%

-20%

Average Days on Market 2012

177

184

Average Days on Market 2013

132

162

% Change

-25%

-12%

Avg Sold/List Price Difference 2012

94%

93%

Avg Sold/List Price Difference 2013

95%

95%

% Change

1%

2%

UNITS SOLD

200 400 # Units Sold

600

Property Web ID: 20707800

SOLD Jan-Sep 2012

SOLD Jan-Sep 2013

% Change 2012 to 2013

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

6

38

8

39

33%

3%

2

20

2

5

$250,000 - $499,999

67

8

71

12

6%

50%

44

10

6

8

$500,000 -$ 749,999

27

1

21

1

-22%

0%

24

7

10

63

$750,000 - $999,999

10

4

6

1

-40%

-75%

10

1

15

9

$1M - $1,999,999

5

1

6

0

20%

-100%

14

2

21

-

$2M - $3,999,999

1

0

0

0

-100%

0%

4

0

-

0

$4M +

0

0

0

0

0%

0%

0

0

0

0

116

52

112

53

-3%

2%

98

40

5

5

TOTALS 10

January - September 2013

sothebysrealty.com


HARWICH

SF

CONDO

Average Sales Price 2012

$483,075

$365,969

Average Sales Price 2013

$442,655

$248,480

% Change

-8%

-32%

Average Days on Market 2012

194

257

Average Days on Market 2013

131

181

% Change

-32%

-30%

Avg Sold/List Price Difference 2012

92%

94%

Avg Sold/List Price Difference 2013

95%

95%

% Change

3%

1%

Property Web ID: 20426367

SOLD Jan-Sep 2012

SOLD Jan-Sep 2013

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

29

21

31

21

7%

0%

11

11

3

5

$250,000 - $499,999

118

3

138

6

17%

100%

57

16

4

24

$500,000 -$ 749,999

29

4

32

3

10%

-25%

32

6

9

18

$750,000 - $999,999

6

0

12

0

100%

0%

16

0

12

0

$1M - $1,999,999

5

0

6

0

20%

0%

19

2

29

-

$2M - $3,999,999

6

0

2

0

-67%

0%

7

1

32

-

$4M +

0

1

0

0

0%

-100%

2

0

-

0

193

29

221

30

15%

3%

144

36

4

7

UNITS SOLD

TOTALS

ORLEANS

SF

CONDO

Average Sales Price 2012

$791,584

$249,621

Average Sales Price 2013

$738,471

$270,065

% Change

-7%

8%

Average Days on Market 2012

177

247

Average Days on Market 2013

154

205

% Change

-13%

-17%

Avg Sold/List Price Difference 2012

94%

96%

Avg Sold/List Price Difference 2013

93%

96%

% Change

-1%

0%

UNITS SOLD

% Change 2012 to 2013

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

Property Web ID: 20792694

SOLD Jan-Sep 2012

SOLD Jan-Sep 2013

% Change 2012 to 2013

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

3

17

3

15

0%

-12%

1

5

3

3

$250,000 - $499,999

39

8

29

9

-26%

13%

26

8

8

8

$500,000 -$ 749,999

32

3

25

1

-22%

-67%

14

2

5

18

$750,000 - $999,999

14

0

16

1

14%

100%

19

0

11

0

$1M - $1,999,999

15

0

15

0

0%

0%

29

0

17

0

$2M - $3,999,999

4

0

0

0

-100%

0%

17

0

-

0

$4M +

1

0

1

0

0%

0%

1

0

9

0

108

28

89

26

-18%

-7%

107

15

7

3

TOTALS

CAPE COD | The Lower Cape

11


CHATHAM

SF

CONDO

Average Sales Price 2012

$791,584

$249,621

Average Sales Price 2013

$821,477

$289,618

% Change

4%

16%

Average Days on Market 2012

177

247

Average Days on Market 2013

215

301

% Change

21%

22%

Avg Sold/List Price Difference 2012

94%

96%

Avg Sold/List Price Difference 2013

94%

95%

% Change

0%

-1%

SOLD Jan-Sep 2012

SOLD Jan-Sep 2013

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

3

17

1

13

-67%

-24%

2

5

18

3

$250,000 - $499,999

39

8

61

2

56%

-75%

34

14

5

63

$500,000 -$ 749,999

32

3

28

4

-13%

33%

42

7

14

16

$750,000 - $999,999

14

0

14

0

0%

0%

36

2

23

-

$1M - $1,999,999

15

0

24

0

60%

0%

59

1

22

-

$2M - $3,999,999

4

0

9

0

125%

0%

32

0

32

0

$4M +

1

0

0

0

-100%

0%

6

0

-

0

108

28

137

19

27%

-32%

211

29

9

9

UNITS SOLD

TOTALS

EASTHAM

SF

CONDO

Average Sales Price 2012

$436,185

$206,292

Average Sales Price 2013

$472,909

$229,389

% Change

8%

11%

Average Days on Market 2012

150

391

Average Days on Market 2013

175

195

% Change

17%

-50%

Avg Sold/List Price Difference 2012

94%

93%

Avg Sold/List Price Difference 2013

95%

94%

% Change

1%

1%

UNITS SOLD

12

Property Web ID: 20750429

% Change 2012 to 2013

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

Property Web ID: 20994289

SOLD Jan-Sep 2012

SOLD Jan-Sep 2013

% Change 2012 to 2013

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

4

8

5

5

25%

-38%

6

10

11

18

$250,000 - $499,999

62

4

70

4

13%

0%

57

6

7

14

$500,000 -$ 749,999

22

0

12

0

-45%

0%

25

0

19

0

$750,000 - $999,999

5

0

1

0

-80%

0%

15

0

135

0

$1M - $1,999,999

0

0

3

0

100%

0%

8

0

24

0

$2M - $3,999,999

0

0

1

0

100%

0%

4

0

36

0

$4M +

0

0

0

0

0%

0%

0

0

0

0

TOTALS

93

12

92

9

-1%

-25%

115

16

8

11

sothebysrealty.com


ON MARKET OnTHE The Market FEATURED PROPERTY

LISTINGS AROUND THE WORLD IN THIS PRICE RANGE

TRURO, MA

IN METROPOLITAN MARKETS

1.08 acres | $1,599,000 Web ID: 21256291

NEW YORK

BEL AIR

SAN FRANCISCO

1 br, 1 ba | $1,795,000

2 br, 2 ba | $1,350,000

3 br, 3 ba | $1,780,000

PALM BEACH

EAST HAMPTON

SANTA BARBARA

2 br, 2 ba, 1 hf ba | $1,695,000

3 br, 2 ba | $1,325,000

5 br, 4 ba, 2 hf ba | $1,850,000

MEXICO

ST. LUCIA

MALTA

$1,495,000

3 br, 3 ba, 1 hf ba | $1,200,000

4 br, 5 ba | $1,430,323

Atlantic Bay Sotheby’s International Realty

IN RESORT MARKETS Stunning views will take your breath away from atop this North Truro bluff. Build your dream home and enjoy sweeping views of the bay toward Provincetown, and private stairs down to your own private beach. Seascape Heights is a new coveted enclave of three home sites located above a very stable coastal bank with sweeping views of Cape Cod Bay. Build a four-bedroom house with a swimming pool and a detached garage or a cabana. Each lot is amply sized, at least an acre, and comes with its own mooring. All utilities will be underground. This is a truly unique opportunity.

IN FOREIGN MARKETS

UPCOMING AUCTION ITEMS

LIZ #1, 1963 BY ANDY WARHOL Contemporary Art Sale November 13, 2013 Estimate: $20 - 30 Million

CAPE COD | The Lower Cape

13


The Outer Cape

The Outer Cape experienced a 15% decrease in unit sales year over year.

Truro performed with a 3% increase in single family sales and an 11% decrease in sales of condominium units.

Wellfleet sales of single family units declined 14% while pricing decreased by 0%. Condominiums are down by 5% in average selling price with a 0% increase in unit sales.

Provincetown saw a 31% increase in the average sales price of single family homes and a 5% increase in the sales price of condominium units. Unit sales were down 16% for single family homes and condominiums were also down 22%.

OUTER CAPE SALES |

TOTAL UNITS SOLD OUTER CAPE

January - September 2013

under $250k

2013

35

$250k - $499,999

2012

112

99

$500k -$ 749,999

$500,000 -$ 749,999

73

49

$750,000 - $999,999

30

28

$1M - $1,999,999

14

16

$2M - $3,999,999

1

4

$4M +

0

0

2012

2013

under $250,000

41

$250,000 - $499,999

WELLFLEET

$750k - $999,999 $1M - $1,999,999 $2M - $3,999,999 $4M + 0

SF

CONDO

Average Sales Price 2012

$527,541

$250,289

Average Sales Price 2013

$526,103

$236,629

% Change

0%

-5%

Average Days on Market 2012

198

260

Average Days on Market 2013

215

212

% Change

9%

-18%

Avg Sold/List Price Difference 2012

95%

95%

Avg Sold/List Price Difference 2013

94%

95%

% Change

-1%

0%

UNITS SOLD

14

WELLFLEET | TRURO | PROVINCETOWN

50 100 # Units Sold

150

Property Web ID: 21382850

SOLD Jan-Sep 2012

SOLD Jan-Sep 2013

% Change 2012 to 2013

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

4

4

5

5

25%

25%

9

12

16

22

$250,000 - $499,999

20

3

23

2

15%

-33%

25

9

10

41

$500,000 -$ 749,999

23

0

12

0

-48%

0%

31

2

23

-

$750,000 - $999,999

8

0

4

0

-50%

0%

11

0

25

0

$1M - $1,999,999

1

0

4

0

300%

0%

10

0

23

0

$2M - $3,999,999

0

0

0

0

0%

0%

1

0

-

0

$4M +

0

0

0

0

0%

0%

1

0

-

0

TOTALS

56

7

48

7

-14%

0%

88

23

11

20

sothebysrealty.com


TRURO

SF

CONDO

Average Sales Price 2012

$716,241

$241,747

Average Sales Price 2013

$597,654

$270,000

% Change

-17%

12%

Average Days on Market 2012

248

230

Average Days on Market 2013

239

223

% Change

-4%

-3%

Avg Sold/List Price Difference 2012

90%

88%

Avg Sold/List Price Difference 2013

94%

93%

% Change

5%

5%

Property Web ID: 4457329

SOLD Jan-Sep 2012

SOLD Jan-Sep 2013

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

0

10

2

10

100%

0%

0

13

0

12

$250,000 - $499,999

9

9

14

6

56%

-33%

9

24

6

36

$500,000 -$ 749,999

17

0

11

0

-35%

0%

19

5

16

-

$750,000 - $999,999

6

0

9

1

50%

100%

17

0

17

0

$1M - $1,999,999

3

0

1

0

-67%

0%

17

0

153

0

$2M - $3,999,999

1

0

0

0

-100%

0%

10

0

-

0

$4M +

0

0

0

0

0%

0%

0

0

0

0

TOTALS

36

19

37

17

3%

-11%

72

42

12

15

UNITS SOLD

PROVINCETOWN Average Sales Price 2012 Average Sales Price 2013

SF

CONDO

$795,053

$412,068

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

Property Web ID: 20511209

$1,037,924 $432,219

% Change

31%

5%

Average Days on Market 2012

178

194

Average Days on Market 2013

206

166

% Change

16%

-14%

Avg Sold/List Price Difference 2012

88%

95%

Avg Sold/List Price Difference 2013

92%

96%

% Change

5%

1%

UNITS SOLD

% Change 2012 to 2013

SOLD Jan-Sep 2012

SOLD Jan-Sep 2013

% Change 2012 to 2013

Current Inventory (10/1/13)

# Months of Inventory (10/1/13)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

under $250,000

2

21

0

13

-100%

-38%

1

14

-

10

$250,000 - $499,999

8

63

6

48

-25%

-24%

3

65

5

12

$500,000 -$ 749,999

9

24

5

21

-44%

-13%

7

26

13

11

$750,000 - $999,999

9

7

8

6

-11%

-14%

9

12

10

18

$1M - $1,999,999

10

0

9

2

-10%

100%

18

5

18

23

$2M - $3,999,999

0

0

4

0

100%

0%

6

0

14

0

$4M +

0

0

0

0

0%

0%

1

0

-

0

TOTALS

38

115

32

90

-16%

-22%

45

122

8

8

CAPE COD | The Outer Cape

15


Vacation Rentals Cape Cod, truly one of the world’s most beautiful places, is known for its hundreds of miles of pristine beaches, dozens of spectacular golf courses, whale watching trips, top notch summer theatre and musical entertainment and fine dining. Come spend a weekend or the entire summer. You may decide you never want to leave. From cottages for one or two to estates for more than twenty and everything in between. We offer flexibility with stays ranging from a weekend to properties available for the whole season. We are sure to have the right property to meet your needs.

Our Sotheby’s International Realty rental teams are dedicated to assisting renters to optimize their vacation experience and help vacation rental property owners maximize their rental opportunities on Cape Cod. Whether you’re a new visitor or a Cape Cod devotee, let our experienced rental agents find you the perfect Cape Cod beach house, condo, or getaway for your vacation.

For owners of Cape Cod property, we can list, manage and secure qualified guests for your rental, helping safeguard and enhance your valued home or condominium. Please visit our rental websites to view our current offerings, or contact one of our rental departments to discuss how we can help you with your rental needs.

Atlantic Bay

oldCape 508.428.9115 |

16

sothebyshomes.com

508.255.7100 |

oldcaperentals.com

508.487.2430 |

atlanticbaysir.com

CAPE COD | Rentals


Atlantic Bay

atlanticbaysir.com

Emily Flax Broker/Owner

David Nicolau Broker/Owner

Lincoln Sharpless Broker/Owner

PROVINCETOWN BROKERAGE 168 Commercial Street Provincetown, MA 02657 508.487.2430 Independently Owned & Operated.

Sue Buerkel Broker Associate

Mary Cabral Broker Associate

Ruth Gilbert Broker Associate

PROVINCETOWN HARBOR,, Property Web ID: 20682436

CAPE COD | Atlantic Bay Sotheby’s International Realty

17


Howard Hayes

Ken Hager

owner/broker

brokerage manager

oldCape

oldcape.com

Dolores Alberti

John Allen

Karen Arnold

Susan Baker-Outslay

Len Coakley

Debbie Cody

Karin Daffinee

Eric Ehnstrom

Jo-Ellen Erickson

Peggy Farber

Tracie Griffith Vincent

Chris Hardman

Joseph Hartung

Deidre Hedmark

Dee Higgins

Marion Kaiser

Daneen Law

Joanne Liberles

Diane Miller

Dianne Mongeau

Mary O’Donnell

Pam Roberts

Ann Rush

Brandy Salvador

Eva Scott

Gayle Tambolleo

Jim Trainor

Natalia Weiner

Carla Hemmings

Barbara O’Brien

RENTAL DEPARTMENT

Susan Winslow

BREWSTER BROKERAGE 2404 Main Street, Brewster, MA 02631 508.896.5000 | 800.896.9008

HARWICH BROKERAGE 587 Route 28, Harwich Port, MA 02646 508.432.6100 | 888.432.9220

ORLEANS BROKERAGE 6 Route 6A, Orleans, MA 02653 508.255.6000 | 800.255.0173

Independently Owned & Operated.

18

oldCape Sotheby’s International Realty | CAPE COD


Jack Cotton brokerage manager cape cod brokerages

sothebyshomes.com/capecod

Hugh Barnes

Jackie Bartolomei

Laura Blair

Jane Bodrie

Bonnie Zappala Britt

Melinda Chapin

Pam Chmielinski

Donna Christopher

Stephen Cobb

Theodore Cooper

Cindy Crawford

Bob Foley

Gail Germain Martis

Margaret Gifford

Susan Gill

Ginny Guimond

Annie Hart Cool

Nancy Komenda

Jack Largay

Jan Macallister

Gene Marchand

Jennifer McCartin

Terri Monroe

Oliver Muldoon

Pamela Mullin

Joanne Murphy

Gene Orloff

Debbie Reed

Colleen Riley

Peggy Rowland

Donna Sawyer

Peter Sivco

Steven Strojny

Nancy Sullivan

Pat Thatcher

Laura Thomson

Ellen Valentgas

Beverly Wall-Cedrone

John Weyand

Samuel Wilson

Joan Witter

OSTERVILLE BROKERAGE 851 Main Street, Osterville, MA 02655 508.428.9115 | 800.851.9115 Operated by Sotheby’s International Realty, Inc.

FALMOUTH BROKERAGE 550 West Falmouth Hwy West Falmouth, MA 02574 508.548.2522 | 866.508.2522

CAPE COD | Sotheby’s International Realty Cape Cod Brokerages

19


Marketing Cape Cod Worldwide BREWSTER

HARWICH

PROVINCETOWN

ORLEANS

oldCape OSTERVILLE BROKERAGE 851 Main Street Osterville, MA 02655 508.428.9115 | 800.851.9115 FALMOUTH BROKERAGE 550 West Falmouth Hwy West Falmouth, MA 02574 508.548.2522 | 866.508.2522 sothebyshomes.com Operated by Sotheby’s International Realty, Inc.

OSTERVILLE

BREWSTER BROKERAGE 2404 Main Street, Brewster, MA 02631 508.896.5000 | 800.896.9008 HARWICH BROKERAGE 587 Route 28, Harwich Port, MA 02646 508.432.6100 | 888.432.9220 ORLEANS BROKERAGE 6 Route 6A, Orleans, MA 02653 508.255.6000 | 800.255.0173 oldcape.com

| Independently Owned & Operated.

FALMOUTH

Atlantic Bay PROVINCETOWN BROKERAGE 168 Commercial Street Provincetown, MA 02657 508.487.2430 | atlanticbaysir.com Independently Owned & Operated.

Please contact one of our offices today for additional information about any of the properties featured in this magazine or on our websites, or to receive a complimentary fair market evaluation of your home.

sothebysrealty.com


Cape Cod Market Update Year-To_Date Q3 2013