Cape Cod Market Update | Q2 2014

Cape Cod Market Update Second Quarter 2014 Sotheby’s International Realty Cape Cod Brokerages Osterville | West Falmouth oldCape Sotheby’s International Realty Brewster | Harwich Port | Orleans Atlantic Bay Sotheby’s International Realty Provincetown sothebysrealty.com

TABLE OF CONTENTS THE UPPER CAPE

3

THE MID CAPE

11

THE LOWER CAPE

19

THE OUTER CAPE

27

FROM THE COVER | Web: 0402942 Statistical information contained in this report is from the Cape Cod and Islands MLS,

Osterville

851 Main Street | Osterville, MA 02655 508.428.9115 | 800.851.9115

West Falmouth

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

The arm-shaped peninsula known as Cape Cod rests in the southeast corner of Massachusetts, extending east into the Atlantic Ocean. Its 559.6 miles of coastal shoreline are accented by bays, harbors, beaches and marshland settings of breath-taking natural beauty. Cape

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Cod incorporates all of Barnstable County, which comprises 15 towns:

Operated by Sotheby’s International Realty, Inc.

Bourne, Sandwich, Falmouth, Mashpee, Barnstable, Yarmouth, Dennis, Harwich, Brewster, Chatham, Orleans, Eastham, Wellfleet, Truro, and

oldCape Brewster

2404 Main Street | Brewster, MA 02631 508.896.5000 | 800.896.9008

Harwich Port

Provincetown.

With waterfront to please all tastes, Cape Cod’s northern shoreline is formed by the tidal waters of Cape Cod Bay; south lies the warm waters of Nantucket Sound; easterly is the raw power of the Atlantic Ocean and across its landscape are over 365 kettle ponds formed by the glaciers thousands of years ago.

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

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

Orleans

Stream, allows enjoyment for many months out of the year. For exam-

water and land, and its temperate climate, thanks to the nearby Gulf

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

ple, located just off the shore of Provincetown to the northwest is the

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whale watching. And, many of the towns’ harbors provide deep-water

Each Office is Independently Owned and Operated.

access to sportfishing and world-class sailing. Additionally, Cape Cod

Stellwagen Bank National Marine Sanctuary, a renowned location for

has become a premier golf destination, with over 35 public and private

Atlantic Bay Provincetown

168 Commercial Street | Provincetown, MA 02657 508.487.2430 | atlanticbaysir.com Each Office is Independently Owned and Operated.

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. If your property is listed with a real estate broker, please disregard.

It is not our intention to solicit the offerings of other real estate brokers.

We are happy to work with them and cooperate fully. 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.

2

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.

sothebysrealty.com

THE UPPER CAPE

WEB: 0840716

BOURNE, FALMOUTH SANDWICH, MASHPEE Comprised of the towns of Bourne, Falmouth, Sandwich and Mashpee, the Upper Cape is the portion of the peninsula that is closest to the mainland. Like the rest of Cape Cod each town has its own character and a rich and diverse history.

CAPE COD | THE UPPER CAPE

3

UPPER CAPE SALES JANUARY - JUNE 2014 2014

2013

UNDER $250,000

$250,000 - $499,999

$500,000 -$ 749,999

$750,000 - $999,999

$1,000,000 - $1,999,999

$2,000,000 - $3,999,999

$4,000,000 AND UP

0

50

100

150

200

250

300

350

400

# UNITS SOLD

TOTAL UNITS SOLD UPPER CAPE

2013

2014

UNDER $250,000

189

143

$250,000 - $499,999

374

360

$500,000 -$ 749,999

82

63

$750,000 - $999,999

27

22

units. Bourne’s Single Family unit sales are down 9% and

$1,000,000 - $1,999,999

20

32

condominiums are down 19%.

$2,000,000 - $3,999,999

6

9

Falmouth Single Family units are down 5% and condominium

$4,000,000 AND UP

2

3

The number of units sold in the Upper Cape has decreased by 10% in 2014 as compared to 2013.

Bourne has experienced a 36% increase in the average selling price of a single family unit and a 12% increase in condominium

sales have increased by 8%. Falmouth has seen a 3% decrease in the average selling price of a single family home while there has been a reduction of 10% in condominiums.

Sandwich’s Single Family unit sales have decreased by 17% and condominiums have stayed flat. Sandwich’s average selling price of a single family has decreased by 5% while condominiums have increased by 12%.

Single Family sales in Mashpee have declined by 6% and condominiums by 20%. There has been a 47% increase in the average selling price of single family homes and a 19% increase in condominiums.

4

sothebysrealty.com

WEB: 0840775

BOURNE Home to the first trading center in America, the Aptucxet Trading Post, AVERAGE SALES PRICE

Bourne straddles the Cape Cod Canal, and is considered the gateway to Cape Cod. Bourne includes the villages of Buzzards Bay, Sagamore, Pocasset, Cataumet and a portion of the Massachusetts Military Reservation. 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. The miles of trails along the Cape Cod Canal are wonderful for bike riding, or just watching the boats as the travel through the canal.

Bourne is also the home to the Massachusetts Maritime Academy.

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2013

SOLD JAN-JUN 2014

SF

CONDO

2013

$371,687

$222,167

2014

$503,972

$248,765

% CHANGE

36%

12%

2013

150

168

2014

166

188

% CHANGE

11%

12%

2013

91%

96%

2014

94%

97%

% CHANGE

3%

0%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

20

15

18

10

-10%

-33%

17

21

6

13

$250,000 - $499,999

42

6

41

7

-2%

17%

76

6

11

5

$500,000 -$ 749,999

10

0

3

0

-70%

0%

29

0

58

-

$750,000 - $999,999

1

0

1

0

0%

0%

9

0

54

-

$1,000,000 - $1,999,999

2

0

2

0

0%

0%

12

0

36

-

$2,000,000 - $3,999,999

1

0

4

0

300%

0%

6

0

9

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

76

21

69

17

-9%

-19%

150

27

13

10

CAPE COD | THE UPPER CAPE

5

WEB: 0840726

FALMOUTH Falmouth, one of Cape Cod’s oldest resort communities, is accented by wonderful restaurants and shopping along Main Street, a vibrant art and cultural community and includes the seaside village of Woods Hole, home of the world-renowned Woods Hole Oceanographic Institution. Located just across the Sound from Martha’s Vineyard, it is easy to catch a ferry to the island for a day trip.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2013

CONDO

$530,161

$393,333

2014

$515,759

$355,076

% CHANGE

-3%

-10%

2013

142

208

2014

145

210

% CHANGE

2%

1%

2013

93%

97%

2014

94%

96%

% CHANGE

1%

-1%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

55

4

43

8

-22%

100%

37

5

5

4

$250,000 - $499,999

107

19

116

17

8%

-11%

148

22

8

8

$500,000 -$ 749,999

48

1

35

1

-27%

0%

91

7

16

42

$750,000 - $999,999

13

0

16

0

23%

0%

50

0

19

-

$1,000,000 - $1,999,999

11

1

11

1

0%

0%

50

1

27

6

$2,000,000 - $3,999,999

3

0

3

0

0%

0%

30

0

60

-

$4,000,000 AND UP

2

0

2

0

0%

0%

8

0

24

-

239

25

226

27

-5%

8%

414

35

11

8

TOTALS

6

SOLD JAN-JUN 2014

SF

2013

sothebysrealty.com

WEB: 0402964

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 and museums sprinkled throughout town. For the

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

outdoor enthusiast, Sandwich is home to beautiful nature trails and north-side beaches, great for long strolls.

AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2013

SOLD JAN-JUN 2014

SF

CONDO

2013

$383,499

$145,167

2014

$363,468

$162,111

% CHANGE

-5%

12%

2013

144

236

2014

141

41

% CHANGE

-2%

-83%

2013

96%

95%

2014

96%

95%

% CHANGE

0%

0%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

29

9

15

9

-48%

0%

17

14

7

9

$250,000 - $499,999

94

0

89

0

-5%

0%

112

3

8

-

$500,000 -$ 749,999

10

0

12

0

20%

0%

49

0

25

-

$750,000 - $999,999

7

0

3

0

-57%

0%

25

0

50

-

$1,000,000 - $1,999,999

3

0

0

0

-100%

0%

15

0

-

-

$2,000,000 - $3,999,999

0

0

0

0

0%

0%

1

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

143

9

119

9

-17%

0%

219

17

11

11

TOTALS

CAPE COD | THE UPPER CAPE

7

WEB: 0402771

MASHPEE The town of Mashpee maintains a strong connection to its Native American heritage. Purchased in 1660, by Richard Bourne, to be set aside for Native Americans, Mashpee Plantation was the first reservation in the United States. A large population of Wampanoag people still reside in

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

Mashpee today. In addition to Wampanoag culture and history, Mashpee is know for its shopping, restaurants, golfing and the New Seabury Resort. Mashpee includes the villages of New Seabury and Popponesset.

AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2013

CONDO

$419,491

$269,545

2014

$614,565

$321,378

% CHANGE

47%

19%

2013

146

164

2014

195

152

% CHANGE

34%

-7%

2013

94%

96%

2014

93%

97%

% CHANGE

0%

1%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

29

28

19

21

-34%

-25%

10

26

3

7

$250,000 - $499,999

56

50

50

40

-11%

-20%

74

62

9

9

$500,000 -$ 749,999

12

1

11

1

-8%

0%

34

9

19

54

$750,000 - $999,999

6

0

2

0

-67%

0%

36

4

108

-

$1,000,000 - $1,999,999

3

0

17

1

467%

100%

45

0

16

0

$2,000,000 - $3,999,999

2

0

2

0

0%

0%

18

0

54

-

$4,000,000 AND UP

0

0

1

0

100%

0%

5

0

30

-

108

79

102

63

-6%

-20%

222

101

13

10

TOTALS

8

SOLD JAN-JUN 2014

SF

2013

sothebysrealty.com

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS THE WOODLANDS, TX | Web: 1250120 | $925,000 NEW YORK, NY | Web: 0019518 | $1,4000,000 LOS ANGELES, CA | Web: 0308015 | $1,469,900 RESORT MARKETS SAG HARBOR, NY | Web: 0056469 | $1,299,000 HYANNIS PORT, MA | Web: 0402947 | $1,450,000 SANTA FE, NM | Web: 0575054 | $1,200,000 FOREIGN MARKETS TURKS & CAICOS | Web: W3LJH5 | $1,900,000 SPAIN | Web: 87DEQ8 | $1,350,801 CANADA | Web: KXW3JP | $1,792,792 sothebysrealty.com

9

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Our specialists will help you shop for the best wines for all occasions.

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THE MID CAPE

WEB: 0402551

BARNSTABLE, YARMOUTH, DENNIS Located in the middle of Cape Cod, along the bicep to continue the arm analogy, the mid Cape consists of the towns of Barnstable, Yarmouth and Dennis. Each of these towns is unique in that it extends the full way across Cape Cod from north to south, bisected only by the Cape’s three main highways of Route 6A, Route 6 and Route 28.

CAPE COD | THE MID CAPE

11

MID CAPE SALES JANUARY - JUNE 2014 2014

2013

UNDER $250,000

$250,000 - $499,999

$500,000 -$749,999

$750,000 - $999,999

$1,000,000 - $1,999,999

$2,000,000 - $3,999,999

$4,000,000 AND UP

0

50

100

150

200

250

300

350

400

450

# UNITS SOLD

TOTAL UNITS SOLD MID CAPE

2013

2014

UNDER $250,000

336

293

$250,000 - $499,999

369

400

$500,000 -$ 749,999

74

69

$750,000 - $999,999

24

26

$1,000,000 - $1,999,999

23

24

$2,000,000 - $3,999,999

9

7

condominums have increased 14%.

$4,000,000 AND UP

4

3

Yarmouth single family units are down 5% however

The number of units sold in the Mid Cape has decreased by 2% in 2014 as compared to 2013.

Barnstable’s average selling price in single family homes has increased 25%, while the average selling price of condominiums has also increased to 7%. Over the same time frame in Barnstable, single family units have decreased 8%, however

condominiums are up 27%.

Dennis single family units are up 8%, however condominums are down 10% for 2014 vs 2013.

12

sothebysrealty.com

WEB: 0402843

BARNSTABLE The town of Barnstable consists of seven villages and is the largest community both in land area and population on Cape Cod. Beaches are plentiful along both Cape Cod Bay to the north and Nantucket Sound to the south. It is also the center of county institutions such as the court system and Registry of Deeds as well as the the economic and commercial center of the Cape. Hyannis, Cape Cod’s most populous city, is often referred to as the Hub of the Cape, and is known for its shopping districts, many fine restaurants, and performing arts center. As the center of activity, it is also home to the Barnstable Municipal Airport and a port for

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

SF

CONDO

2013

$433,665

$242,413

2014

$543,346

$258,833

% CHANGE

25%

7%

2013

160

269

2014

134

210

% CHANGE

-16%

-22%

2013

91%

93%

2014

93%

95%

% CHANGE

2%

2%

ferry service to Nantucket and Martha’s Vineyard.

UNITS SOLD SOLD JAN-JUN 2013

SOLD JAN-JUN 2014

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

116

21

75

21

-35%

0%

34

23

3

7

$250,000 - $499,999

171

11

189

16

11%

45%

227

26

7

10

$500,000 -$ 749,999

39

3

33

3

-15%

0%

97

9

18

18

$750,000 - $999,999

15

0

15

0

0%

0%

56

0

22

-

$1,000,000 - $1,999,999

17

0

18

0

6%

0%

65

1

22

-

$2,000,000 - $3,999,999

7

0

5

0

-29%

0%

37

0

44

-

$4,000,000 AND UP

4

0

3

0

-25%

0%

29

0

58

-

369

35

338

40

-8%

14%

545

59

10

9

TOTALS

CAPE COD | THE MID CAPE

13

WEB: 0402981

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. In Yarmouth Port on the north side, along historic Route 6A the quaint meandering road is highlighted by antique sea captains’ homes, antique shops, fine restaurants and historic spots. While, along the south shore the warm waters of Nantucket Sound lap at the shores of sandy beaches just minutes from Route 28 and its many attractions and restaurants.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2013

CONDO

$281,245

$131,571

2014

$321,046

$229,752

% CHANGE

14%

75%

2013

151

236

2014

125

137

% CHANGE

-17%

-42%

2013

95%

93%

2014

95%

96%

% CHANGE

0%

3%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

86

38

82

42

-5%

11%

50

38

4

5

$250,000 - $499,999

104

10

94

18

-10%

80%

134

19

9

6

$500,000 -$ 749,999

12

0

15

1

25%

100%

27

0

11

0

$750,000 - $999,999

4

0

2

0

-50%

0%

25

2

75

-

$1,000,000 - $1,999,999

2

0

4

0

100%

0%

11

0

17

-

$2,000,000 - $3,999,999

0

0

0

0

0%

0%

7

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

4

0

-

-

208

48

197

61

-5%

27%

258

59

8

6

TOTALS

14

SOLD JAN-JUN 2014

SF

2013

sothebysrealty.com

WEB: 0840746

DENNIS Another of Cape Cod’s historic treasures, Dennis offers a bit of everything for everyone. Along its north side, Dennis exudes historic charm, from living history museums such as the Josiah Dennis Manse to a landscape that meanders along Route 6A dotted with antique shops, historic homes and B&Bs. Its southern coastline features one of Cape Cod’s most visited sandy shores, West Dennis Beach, punctuated by cottage colonies and salt-air breezes as well as the lovely estates that reside along the fingers of Bass River, with deep water access to Nantucket Sound.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2013

SOLD JAN-JUN 2014

SF

CONDO

2013

$388,005

$109,697

2014

$388,559

$204,696

% CHANGE

0%

87%

2013

126

163

2014

145

159

% CHANGE

15%

-2%

2013

92%

95%

2014

94%

98%

% CHANGE

2%

3%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

38

37

45

28

18%

-24%

23

47

3

10

$250,000 - $499,999

70

3

77

6

10%

100%

102

18

8

18

$500,000 -$ 749,999

20

0

16

1

-20%

100%

46

7

17

42

$750,000 - $999,999

5

0

8

1

60%

100%

26

0

20

0

$1,000,000 - $1,999,999

4

0

2

0

-50%

0%

28

4

84

-

$2,000,000 - $3,999,999

2

0

2

0

0%

0%

1

0

3

-

$4,000,000 AND UP

0

0

0

0

0%

0%

2

0

-

-

139

40

150

36

8%

-10%

228

76

9

13

TOTALS

CAPE COD | THE MID CAPE

15

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS HOUSTON, TX | Web: 1240193 | $3,349,000 NEW YORK, NY | Web: 0137209 | $3,300,000 LOS ANGELES, CA | Web: 0355159 | $3,695,000 RESORT MARKETS EAST HAMPTON, NY | Web: 0046319 | $3,185,000 OSTERVILLE, MA | Web: 0402843 | $2,395,000 SANTA FE, NM | Web: 0574992 | $3,995,000 FOREIGN MARKETS TURKS & CAICOS | Web: RH2HZL | $3,850,000 SPAIN | Web: VWMSEG | $3,651,914 CANADA | Web: KJPXGZ | $2,947,737 sothebysrealty.com

16

THE LOWER CAPE

WEB: 0402895

BREWSTER, HARWICH, CHATHAM, ORLEANS, EASTHAM Quaint and quiet, the lower Cape is made up by the towns of Brewster, Harwich, Chatham, Orleans and Eastham. The Lower Cape also holds the distinction of being the gateway to the Cape Cod National Seashore, with miles of some of the best beaches in the world, including Coast Guard Beach in Eastham, which is consistently ranked as one of the top ten beaches worldwide.

CAPE COD | THE LOWER CAPE

17

LOWER CAPE SALES JANUARY - JUNE 2014 2014

2013

UNDER $250,000

$250,000 - $499,999

$500,000 - $749,999

$750,000 - $999,999

$1,000,000 - $1,999,999

$2,000,000 - $3,999,999

$4,000,000 AND UP

0

50

100

150

200

250

300

# UNITS SOLD

TOTAL UNITS SOLD LOWER CAPE

2013

2014

89

73

$250,000 - $499,999

239

233

$500,000 -$ 749,999

74

56

compared to 2013.

$750,000 - $999,999

29

38

Brewster has seen a 19% increase in single family unit sales

$1,000,000 - $1,999,999

35

35

year over year, and condominiums are flat at 32 units. Although

$2,000,000 - $3,999,999

9

15

$4,000,000 AND UP

0

1

UNDER $250,000

The five Towns comprising the Lower Cape have experienced a decrease in 2014 when compared to 2013. The number of units sold in the Lower Cape are down by about 5% in 2014 as

Brewster increased single family units, Harwich saw a decrease.

Harwich performed with a 24% decrease in single family sales and a 5% decrease in sales of condominium units.

Orleans experienced a 1% decrease in average sales price for single family homes, while condomium prices increased 58%.

Chatham and Eastham both experienced increases in unit sales year over year, posting 8% and 18% increases in units respectively.

18

sothebysrealty.com

WEB: 21304918

BREWSTER Known as the “sea captain’s town,” Brewster is located on the north side of Cape Cod. All of its saltwater beaches are located on Cape Cod Bay, known as the famous Brewster flats, where when the tide is “out,” you can walk out into the bay for at least a mile. 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. Brewster is also home to Nickerson State Park and the Punkhorn Parklands, providing miles of nature trails for the outdoor enthusiast.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD

SF

CONDO

2013

$390,566

$203,208

2014

$451,135

$226,447

% CHANGE

16%

11%

2013

138

137

2014

122

118

% CHANGE

-12%

-14%

2013

96%

95%

2014

95%

95%

% CHANGE

-1%

0%

INVENTORY

SOLD JAN-JUN 2013

SOLD JAN-JUN 2014

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

5

25

4

24

-20%

-4%

1

21

2

5

$250,000 - $499,999

46

6

56

7

22%

17%

38

7

4

6

$500,000 -$ 749,999

13

0

17

1

31%

100%

24

1

8

6

$750,000 - $999,999

3

1

2

0

-33%

-100%

17

2

51

-

$1,000,000 - $1,999,999

2

0

3

0

50%

0%

12

1

24

-

$2,000,000 - $3,999,999

0

0

0

0

0%

0%

4

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

69

32

82

32

19%

0%

97

32

7

6

UNDER $250,000

CAPE COD | THE LOWER CAPE

% CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

19

WEB: 21402959

HARWICH Famous for its Cranberry Festival, Harwich is located to the south of

AVERAGE SALES PRICE

Brewster and all of its saltwater beaches are located along Nantucket Sound. Harwich is also home to some of the most beautiful harbors on Cape Cod, from Wychmere to Allen to Saquatucket, there are many

AVERAGE DAYS ON MARKET

deep-water ports to provide shelter from a storm in Harwich. There is even a ferry which leaves from Saquatucket Harbor to take visitors to Nantucket.

AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2014

CONDO

$470,208

$208,938

2014

$462,290

$463,213

% CHANGE

-2%

122%

2013

145

154

2014

115

136

% CHANGE

-21%

-12%

2013

92%

94%

2014

95%

94%

% CHANGE

3%

0%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

18

13

11

9

-39%

-31%

9

15

5

10

$250,000 - $499,999

76

4

65

7

-14%

75%

93

7

9

6

$500,000 -$ 749,999

21

3

7

2

-67%

-33%

34

4

29

12

$750,000 - $999,999

4

0

6

0

50%

0%

24

1

24

-

$1,000,000 - $1,999,999

4

0

4

0

0%

0%

21

2

32

-

$2,000,000 - $3,999,999

1

0

1

1

0%

100%

5

0

30

0

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

124

20

94

19

-24%

-5%

187

29

12

9

TOTALS

20

SOLD JAN-JUN 2013

SF

2013

sothebysrealty.com

WEB: 21307978

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. Take in a free Cape Cod Baseball League game and cheer on the Orleans Firebirds in Eldredge Park, or bring a blanket or beach chair to sit on the lawn and enjoy the Pops in the Park during the summer. Spend the day at world-famous Nauset Beach relaxing on the sand, or bring your kite to Skaket Beach along Cape Cod Bay. There is never a shortage of things to do in Orleans.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD

SF

CONDO

2013

$758,653

$378,750

2014

$753,808

$159,222

% CHANGE

-1%

-58%

2013

221

336

2014

191

108

% CHANGE

-14%

-68%

2013

93%

91%

2014

93%

96%

% CHANGE

0%

5%

INVENTORY

SOLD JAN-JUN 2013

SOLD JAN-JUN 2014

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

2

10

0

15

-100%

50%

1

6

-

2

$250,000 - $499,999

20

4

17

1

-15%

-75%

18

5

6

30

$500,000 -$ 749,999

13

0

6

0

-54%

0%

23

2

23

-

$750,000 - $999,999

12

1

12

0

0%

-100%

25

0

13

-

$1,000,000 - $1,999,999

13

0

8

0

-38%

0%

20

0

15

-

$2,000,000 - $3,999,999

0

0

1

0

100%

0%

14

0

84

-

$4,000,000 AND UP

0

0

0

0

0%

0%

2

0

-

-

60

15

44

16

-27%

7%

103

13

14

5

UNDER $250,000

TOTALS

CAPE COD | THE LOWER CAPE

% CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

21

WEB: 0402851

CHATHAM The National Trust for Historic Preservation chose Chatham as a Distinctive Destination in 2007. Few places encompass the historic charm of this quaint “fishing village” by the sea. Chatham has shorelines along both Nantucket Sound and the Atlantic Ocean and is well-known for its Fish Pier from which commercial and recreational fishermen ply their trade.

Chatham is home to a picture-perfect Main Street with village shops, world-class inns and wonderful restaurants which provide the perfect

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

vantage point to enjoy Chatham’s festive small-town parades on Independence Day and New Year’s Eve.

UNITS SOLD

CONDO

$701,973

$362,083

2014

$958,493

$368,750

% CHANGE

37%

2%

2013

151

557

2014

247

149

% CHANGE

64%

-73%

2013

94%

94%

2014

92%

96%

% CHANGE

-2%

2%

INVENTORY

SOLD JAN-JUN 2013

SOLD JAN-JUN 2014

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

1

8

2

3

100%

-63%

0

4

0

8

$250,000 - $499,999

41

1

33

2

-20%

100%

31

13

6

39

$500,000 -$ 749,999

16

3

15

3

-6%

0%

42

11

17

22

$750,000 - $999,999

8

0

15

0

88%

0%

31

1

12

-

$1,000,000 - $1,999,999

14

0

18

0

29%

0%

51

4

17

-

$2,000,000 - $3,999,999

7

0

10

0

43%

0%

24

0

14

-

$4,000,000 AND UP

0

0

1

0

100%

0%

7

0

42

-

TOTALS

87

12

94

8

8%

-33%

186

33

12

25

UNDER $250,000

22

SF

2013

% CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

sothebysrealty.com

WEB: 21306612

EASTHAM Site of the first meeting between the Pilgrims and Nauset Indians at First Encounter Beach in 1620, Eastham also is home to the Salt Pond Visitor Center and gateway to the Cape Cod National Seashore. From the often photographed iconic Nauset Lighthouse with its bold red and white bands to the Colonial Windmill which still sits on the village green and plays host to many arts and craft shows throughout the summer season, Eastham is always ready with picture-perfect locations. Eastham’s Coast Guard Beach is one of the top ten beaches in the world according to Dr. Beach, and its Bay beaches are a favorite of those seeking warmer waters

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

SF

CONDO

2013

$392,803

$189,000

2014

$539,437

$288,333

% CHANGE

37%

53%

2013

160

78

2014

146

182

% CHANGE

-9%

133%

2013

95%

90%

2014

94%

96%

% CHANGE

-1%

6%

and walks on the flats at low tide.

UNITS SOLD SOLD JAN-JUN 2013

SOLD JAN-JUN 2014

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

4

3

4

1

0%

-67%

5

8

8

48

$250,000 - $499,999

38

3

43

2

13%

-33%

70

5

10

15

$500,000 -$ 749,999

5

0

5

0

0%

0%

35

0

42

-

$750,000 - $999,999

0

0

3

0

100%

0%

11

0

22

-

$1,000,000 - $1,999,999

2

0

2

0

0%

0%

8

0

24

-

$2,000,000 - $3,999,999

1

0

2

0

100%

0%

4

0

12

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

50

6

59

3

18%

-50%

133

13

14

26

CAPE COD | THE LOWER CAPE

23

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS HOUSTON, TX | Web: 1231048 | $5,895,000 NEW YORK, NY | Web: 0019491 | $5,750,000 LOS ANGELES, CA | Web: 0027025 | $5,450,000 RESORT MARKETS WATER MILL, NY | Web: 0037482 | $4,475,000 FALMOUTH, MA | Web: 0840716 | $5,600,000 LAS CAMPANAS, NM | Web: 0564064 | $5,190,000 FOREIGN MARKETS TURKS & CAICOS | Web: SJFK3E | $4,950,000 SPAIN | Web: P2334R | $4,989,139 CANADA | Web: 37TFKW | $5,392,202 sothebysrealty.com

24

THE OUTER CAPE

WEB: 21302460

WELLFLEET, TRURO, PROVINCETOWN What some consider to be the “True Cape Cod� the Outer Cape is home to some of the most picturesque dunescapes and marshlands on this sandy peninsula. The Cape Cod National Seashore encompasses many of the lands on the Outer Cape including the entire eastern facing shoreline along the Atlantic Ocean. The least populated and most rural part of Cape Cod, many seek the peaceful solitude and beauty that this region provides.

CAPE COD | THE OUTER CAPE

25

OUTER CAPE SALES JANUARY - JUNE 2014 2014

2013

UNDER $250,000

$250,000 - $499,999

$500,000 - $749,999

$750,000 - $999,999

$1,000,000 - $1,999,999

$2,000,000 - $3,999,999

$4,000,000 AND UP

0

10

20

30

40

50

60

70

# UNITS SOLD

TOTAL UNITS SOLD OUTER CAPE

2013

2014

UNDER $250,000

24

16

$250,000 - $499,999

66

57

$500,000 -$ 749,999

26

46

$750,000 - $999,999

20

19

$1,000,000 - $1,999,999

11

9

$2,000,000 - $3,999,999

1

2

$4,000,000 AND UP

0

0

The Outer Cape experienced a 1% increase in unit sales year over year.

Wellfleet sales of single family units increased 25% while pricing increased by 10%. Condominiums are up by 25% in average selling price with a 17% increase in unit sales.

Truro performed with a 27% decrease in single family sales and a 33% decrease in sales of condominium units.

Provincetown saw a 12% decrease in the average sales price of single family homes and a 25% increase in the sales price of condominium units. Unit sales were down 27% for single family homes and condominiums were up 18%.

26

sothebysrealty.com

WEB: 0840782

WELLFLEET The town of Wellfleet is home to amazing dunes along its eastern shores that provide miles of breathtaking views. The Marconi Site, within the Cape Cod National Seashore is where the first Trans Atlantic radio message was sent from America to England by Guglielmo Marconi in 1903.

Along its northern shores of Cape Cod Bay resides the beauty of Wellfleet Harbor where one can enjoy the coming and going of boats and people throughout the day. Along its Main Street are wonderful shops, restau-

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

rants and galleries, ripe for exploring.

UNITS SOLD SOLD JAN-JUN 2013

SOLD JAN-JUN 2014

SF

CONDO

2013

$510,140

$271,000

2014

$559,588

$338,893

% CHANGE

10%

25%

2013

318

449

2014

142

232

% CHANGE

-55%

-48%

2013

94%

92%

2014

94%

97%

% CHANGE

0%

5%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

2

4

2

2

0%

-50%

2

8

6

24

$250,000 - $499,999

16

2

18

3

13%

50%

20

5

7

10

$500,000 -$ 749,999

8

0

13

2

63%

100%

24

0

11

0

$750,000 - $999,999

4

0

4

0

0%

0%

8

0

12

-

$1,000,000 - $1,999,999

2

0

3

0

50%

0%

6

0

12

-

$2,000,000 - $3,999,999

0

0

0

0

0%

0%

2

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

32

6

40

7

25%

17%

63

13

9

11

CAPE COD | THE OUTER CAPE

27

WEB: 21405386

TRURO Truro is the smallest and least populated town on Cape Cod. Home to dramatic sandy cliffs from Atlantic to Bay, Truro is unsurpassed in its natural beauty. Built in 1797, Highland Lighthouse, located on a cliff 183 feet above sea level, is the oldest lighthouse on Cape Cod. Truro resides close enough to Provincetown to enjoy its activities, but far enough removed to bask in peaceful seclusion.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD

28

SOLD JAN-JUN 2013

SOLD JAN-JUN 2014

SF

CONDO

2013

$617,429

$241,250

2014

$866,835

$229,500

% CHANGE

40%

-5%

2013

309

371

2014

248

227

% CHANGE

-20%

-39%

2013

92%

94%

2014

93%

91%

% CHANGE

2%

-3%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

2

8

0

6

-100%

-25%

0

13

-

13

$250,000 - $499,999

9

3

4

1

-56%

-67%

11

29

17

174

$500,000 -$ 749,999

6

0

6

1

0%

100%

25

3

25

18

$750,000 - $999,999

8

1

5

0

-38%

-100%

14

0

17

-

$1,000,000 - $1,999,999

1

0

3

0

200%

0%

16

0

32

-

$2,000,000 - $3,999,999

0

0

1

0

100%

0%

11

0

66

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

26

12

19

8

-27%

-33%

77

45

24

34

sothebysrealty.com

WEB: 21309959

PROVINCETOWN Provincetown is the bustling, eclectic community at the very tip of Cape Cod. An arts and cultural hub, the Cape Cod School of Art was founded in 1899 by Charles W. Hawthorne and a vibrant arts community still exists today. Home to 3 lighthouses all located within the Cape Cod National Seashore, Provincetown boasts a rich fishing heritage and beautiful harbor. Its vibrant Commercial Street hosts a wonderful collection of shops, galleries, B&Bs and restaurants. The Pilgrim Monument affords the most spectacular view across all of Cape Cod. An outdoor enthusiast’s dream, Provincetown features many beautiful nature trails, a harbor bustling with

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

SF

CONDO

2013

$1,021,813

$367,638

2014

$903,719

$459,436

% CHANGE

-12%

25%

2013

189

222

2014

249

183

% CHANGE

32%

-18%

2013

93%

99%

2014

93%

96%

% CHANGE

0%

-3%

fishing and whale watching, bike trails and miles of beautiful beaches.

UNITS SOLD SOLD JAN-JUN 2013

SOLD JAN-JUN 2014

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (07/01/14)

# MONTHS OF INVENTORY (07/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

8

0

6

0%

-25%

1

17

-

17

$250,000 - $499,999

5

31

1

30

-80%

-3%

5

55

30

11

$500,000 -$ 749,999

3

9

5

19

67%

111%

6

29

7

9

$750,000 - $999,999

6

1

7

3

17%

200%

9

8

8

16

$1,000,000 - $1,999,999

7

1

2

1

-71%

0%

24

4

72

24

$2,000,000 - $3,999,999

1

0

1

0

0%

0%

4

0

24

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

22

50

16

59

-27%

18%

50

113

19

11

CAPE COD | THE OUTER CAPE

29

Howard Hayes owner/ broker

oldCape

Ken Hager brokerage manager

Dolores Alberti

John Allen

Karen Arnold

Susan BakerOutslay

Len Coakley

Debbie Cody

Karin Daffinee

Eric Ehnstrom

Jo-Ellen Erickson

Peggy Farber

Tracie Griffith Vincent

Hardman/Liberles

Joseph Hartung

Deidre Hedmark

Dee Higgins

Andrea Jalbert

Daneen Law

Diane Miller

Dianne Mongeau

Mary O’Donnell

Pam Roberts

Brandy Salvador

Jeff Smith

Eva Scott

Susan Winslow

Carla Hemmings

Barbara O’Brien

Mary Jane Ryan

rental department

Gayle Tambolleo

Jim Trainor

Natalia Weiner

oldcape.com

Brewster

2404 Main Street, Brewster, MA 02631 508.896.5000 | 800.896.9008

Harwich Port

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

Orleans

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

Each Office is Independently Owned and Operated.

Atlantic Bay atlanticbaysir.com

Provincetown

168 Commercial Street Provincetown, MA 02657 508.487.2430 Emily Flax

broker/owner

David Nicolau broker/owner

Lincoln Sharpless broker/owner

Each Office is Independently Owned and Operated.

30

Sue Buerkel

Mary Cabral

Ruth Gilbert

Sharon Craig vice president, brokerage manager

Steve Asmond

Hugh Barnes

Jackie Bartolomei

Laura Blair

Jane Bodrie

Courtney Bottcher

Bonnie Britt

Melinda Chapin

Pam Chmielinski

Donna Christopher

Stephen Cobb

Jack Cotton

Patrick Ehart

Bob Foley

Gail Germain Martis

Margaret Gifford

Susan Gill

Ginny Guimond

Annie Hart Cool

Nancy Komenda

Jack Largay

Diana Lucivero

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

Nicole Vautrain

Beverly Wall-Cedrone

John Weyand

Samuel Wilson

Joan Witter

sothebyshomes.com/capecod

Osterville

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

West Falmouth

550 West Falmouth Hwy West Falmouth, MA 02574 508.548.2522 | 866.508.2522 31

Masterpieces in the Making

tM

new York +1 212 894 1400 | London +44 20 7293 6430 | hong kong +852 2822 8113 | sothebYsdiaMonds.coM