Cape Cod Market Update | Q1 2016

WEB: 0403269

Cape Cod Market Update First Quarter 2016 Sotheby’s International Realty Cape Cod Brokerages Osterville | West Falmouth oldCape Sotheby’s International Realty Brewster | Chatham | North Chatham | Dennis | 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

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

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

2404 Main Street | Brewster, MA 02631 | 508.896.5000

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

623 Route 6A | Dennis, MA 02638 508-385-4944

Ocean and across its landscape are over 365 kettle ponds formed by

587 Route 28 | Harwich Port, MA 02646 508.432.6100

waters of Nantucket Sound; easterly is the raw power of the Atlantic the glaciers thousands of years ago.

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

6 Route 6A | Orleans, MA 02653 508.255.6000

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

1455 Main St | Chatham, MA 02633 508.945.9100

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

210 Orleans Rd | North Chatham 508.945.8800

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

Stream, allows enjoyment for many months out of the year. For examStellwagen Bank National Marine Sanctuary, a renowned location for access to sportfishing and world-class sailing. Additionally, Cape Cod

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

Each Office is Independently Owned and Operated.

golf courses; many designed by today’s biggest golf course architects

Atlantic Bay

including Reese Jones, Geoffrey Cornish, Skip Wogan and Brian Silva.

Provincetown

performing arts.

168 Commercial Street | Provincetown, MA 02657 508.487.2430 | atlanticbaysir.com

When describing a location on Cape Cod, locals refer to four distinct re-

Each Office is Independently Owned and Operated.

gions: the Upper Cape is the region located closest to the mainland, the

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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

Provincetown.

Let’s not forget the rich arts and cultural heritage on Cape Cod providing activities from orchestras and opera to galleries, museums and

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.

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THE UPPER CAPE

WEB: 0403318

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 - MARCH 2016

2016

2015

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 # UNITS SOLD

20

40

60

80

100

120

140

160

180

The Cape Cod and Islands Multiple Listing Service reported the

TOTAL UNITS SOLD UPPER CAPE

January - March

following year over year statistics, Q1 2016 versus Q1 2015: •

The number of units sold on the Upper Cape increased 24%

•

Bourne experienced a 46% increase in the average

2015

2016

UNDER $250,000

57

64

$250,000 - $499,999

135

171

$500,000 -$ 749,999

26

41

sales were up 3% and condominiums were up 700% from

$750,000 - $999,999

15

13

one unit to eight units

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

5

6

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

3

4

$4,000,000 AND UP

0

0

selling price of a single-family unit and a 104% increase in condominium average sale price. Bourne’s single-family unit

•

Falmouth single-family units were down 8% and condominium sales increased by 117% from six to 13 units. Falmouth average selling price of a single-family home remained flat while there was a reduction of 7% in condominiums.

•

Sandwich’s single-family unit sales increased 90% from 39 to 74 units. Sandwich’s average selling price of a singlefamily increased by 4%.

•

Single-family sales in Mashpee increased 14% and condominiums by 19%. There was a 5% decrease in the average selling price of single-family homes and a 2% reduction in condominiums.

4

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WEB: 0841002

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-MAR 2015

SOLD JAN-MAR 2016

SF

CONDO

2015

$348,337

$131,000

2016

$507,133

$267,875

% CHANGE

46%

104%

2015

138

183

2016

142

83

% CHANGE

3%

-55%

2015

96%

92%

2016

95%

94%

% CHANGE

-1%

3%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

9

1

5

4

-44%

300%

5

8

3

6

$250,000 - $499,999

22

0

21

3

-5%

100%

56

12

8

12

$500,000 -$ 749,999

2

0

6

1

200%

100%

32

1

16

3

$750,000 - $999,999

2

0

1

0

-50%

0%

10

6

30

-

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

0

0

2

0

100%

0%

10

0

15

-

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

0

0

1

0

100%

0%

8

0

24

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

35

1

36

8

3%

700%

122

27

10

10

CAPE COD | THE UPPER CAPE

5

WEB: 0840922

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-MAR 2015

6

SOLD JAN-MAR 2016

SF

CONDO

2015

$476,801

$362,833

2016

$478,304

$337,308

% CHANGE

0%

-7%

2015

168

78

2016

159

184

% CHANGE

-5%

136%

2015

91%

94%

2016

94%

96%

% CHANGE

3%

2%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

25

1

21

3

-16%

200%

11

6

2

6

$250,000 - $499,999

47

3

45

8

-4%

167%

92

22

6

8

$500,000 -$ 749,999

14

2

12

2

-14%

0%

57

11

14

17

$750,000 - $999,999

5

0

7

0

40%

0%

33

2

14

-

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

4

0

3

0

-25%

0%

35

1

35

-

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

3

0

2

0

-33%

0%

20

0

30

-

$4,000,000 AND UP

0

0

0

0

0%

0%

9

0

-

-

TOTALS

98

6

90

13

-8%

117%

257

42

9

10

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WEB: 0841026

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-MAR 2015

SOLD JAN-MAR 2016

SF

CONDO

2015

$379,495

n/a

2016

$395,703

$179,444

% CHANGE

4%

n/a

2015

162

0

2016

156

127

% CHANGE

-4%

n/a

2015

96%

n/a

2016

95%

96%

% CHANGE

-1%

n/a

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

7

0

6

6

-14%

100%

2

7

1

4

$250,000 - $499,999

27

0

50

0

85%

0%

68

9

4

-

$500,000 -$ 749,999

3

0

15

0

400%

0%

47

0

9

-

$750,000 - $999,999

2

0

3

0

50%

0%

17

0

17

-

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

0

0

0

0

0%

0%

12

0

-

-

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

0

0

0

0

0%

0%

3

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

39

0

74

6

90%

n/a

149

16

6

8

CAPE COD | THE UPPER CAPE

7

WEB: 0403378

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

8

SOLD JAN-MAR 2015

SOLD JAN-MAR 2016

SF

CONDO

2015

$463,817

$315,554

2016

$440,320

$308,803

% CHANGE

-5%

-2%

2015

171

130

2016

192

115

% CHANGE

12%

-12%

2015

94%

96%

2016

96%

97%

% CHANGE

1%

1%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

3

11

9

10

200%

-9%

6

18

2

5

$250,000 - $499,999

22

14

24

20

9%

43%

48

35

6

5

$500,000 -$ 749,999

4

1

3

2

-25%

100%

59

24

59

36

$750,000 - $999,999

5

1

2

0

-60%

-100%

34

3

51

-

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

1

0

1

0

0%

0%

52

4

156

-

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

0

0

1

0

100%

0%

16

0

48

-

$4,000,000 AND UP

0

0

0

0

0%

0%

5

0

-

-

TOTALS

35

27

40

32

14%

19%

220

84

17

8

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ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 1340028 | $1,400,000 LOS ANGELES, CA | Web: 0027250 | $1,495,000 HOUSTON, TX | Web: 1232615 | $1,395,000 RESORT MARKETS MALIBU, CA | Web: 1300163 | $1,395,000 EAST HAMPTON, NY | Web: 0046977 | $1,599,000 SANTA BARBARA, CA | Web: 0113999 | $1,349,000 FOREIGN MARKETS COSTA RICA | Web: 25TT62 | $1,500,000 INDIA | Web: 6NGQH2 | $1,495,998 MEXICO | Web: 4MZRYV | $1,495,000 sothebysrealty.com

9

Visit us in-store or online everyday.

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

sothebysWINE.com New York |

10

+1 212 894 1990 | wine@sothebys.com

THE MID CAPE

WEB: 0401801

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 - MARCH 2016 2016

2015

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

20

40

60

80

100

120

140

160

180

200

# UNITS SOLD

January - March

TOTAL UNITS SOLD MID CAPE

The Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q1 2016 versus Q1 2015: •

The number of units sold on the Mid Cape increased 21% in

2015

2016

UNDER $250,000

84

104

$250,000 - $499,999

143

173

$500,000 -$ 749,999

27

22

homes increased 6%, while the average selling price of

$750,000 - $999,999

9

8

condominiums decreased 29%.

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

2

12

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

5

7

sales were up - 29% for single-family units and 7% for

$4,000,000 AND UP

1

1

condominiums.

Q1 2016 compared to Q1 2015.

•

•

•

Barnstable’s average selling price for single-family

Over the same time period, in Barnstable, both closed unit

Yarmouth single-family units were up 30% and condominiums were up 13%.

•

Dennis single-family units increased 24% in Q1 2016 versus Q1 2015.

12

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WEB: 0403365

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

2015

$521,694

$228,642

2016

$550,424

$163,400

% CHANGE

6%

-29%

2015

139

266

2016

167

103

% CHANGE

20%

-61%

2015

92%

95%

2016

91%

95%

% CHANGE

-2%

0%

ferry service to Nantucket and Martha’s Vineyard.

UNITS SOLD SOLD JAN-MAR 2015

SOLD JAN-MAR 2016

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

27

9

26

15

-4%

67%

15

11

2

2

$250,000 - $499,999

60

6

82

1

37%

-83%

130

14

5

42

$500,000 -$ 749,999

11

0

15

0

36%

0%

78

11

16

-

$750,000 - $999,999

3

0

4

0

33%

0%

49

2

37

-

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

2

0

7

0

250%

0%

79

2

34

-

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

5

0

6

0

20%

0%

41

0

21

-

$4,000,000 AND UP

1

0

1

0

0%

0%

23

0

69

-

109

15

141

16

29%

7%

415

40

9

8

TOTALS

CAPE COD | THE MID CAPE

13

WEB: 0403340

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-MAR 2015

14

SOLD JAN-MAR 2016

SF

CONDO

2015

$333,237

$222,094

2016

$340,681

$213,667

% CHANGE

2%

-4%

2015

140

121

2016

133

186

% CHANGE

-5%

54%

2015

95%

94%

2016

96%

95%

% CHANGE

1%

1%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

23

10

34

14

48%

40%

17

26

2

6

$250,000 - $499,999

39

6

49

4

26%

-33%

84

7

5

5

$500,000 -$ 749,999

5

0

4

0

-20%

0%

28

2

21

-

$750,000 - $999,999

3

0

1

0

-67%

0%

9

1

27

-

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

0

0

2

0

100%

0%

16

0

24

-

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

0

0

1

0

100%

0%

3

0

9

-

$4,000,000 AND UP

0

0

0

0

0%

0%

4

0

-

-

TOTALS

70

16

91

18

30%

13%

161

36

5

6

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MLS ID: 21510051

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-MAR 2015

SOLD JAN-MAR 2016

SF

CONDO

2015

$429,100

$260,730

2016

$393,484

$168,980

% CHANGE

-8%

-35%

2015

183

133

2016

122

158

% CHANGE

-33%

19%

2015

94%

100%

2016

94%

97%

% CHANGE

0%

-4%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

6

9

11

4

83%

-56%

13

29

4

22

$250,000 - $499,999

27

5

36

1

33%

-80%

51

15

4

45

$500,000 -$ 749,999

9

2

3

0

-67%

-100%

26

2

26

-

$750,000 - $999,999

3

0

3

0

0%

0%

23

2

23

-

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

0

0

3

0

100%

0%

17

1

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%

1

0

-

-

TOTALS

45

16

56

5

24%

-69%

138

49

7

29

CAPE COD | THE MID CAPE

15

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 00110660 | $3,000,000 SAN FRANCISCO, CA | Web: 0087754 | $3,298,000 LOS ANGELES, CA | Web: 0308615 | $3,195,000 RESORT MARKETS SAINT HELENA, CA | Web: 0243934 | $3,550,000 EAST HAMPTON, NY | Web: 0043063 | $3,500,000 MONTECITO, CA | Web: 0632458 | $3,195,000 FOREIGN MARKETS GERMANY | Web: VHZHL2 | $3,853,027 CANADA | Web: X3PBBL | $3,727,410 THAILAND | Web: SMRD4M | $3,828,158 sothebysrealty.com

16

THE LOWER CAPE

MLS ID: 21506743

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 - MARCH 2016 2016

2015

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

20

40

60

80

100

120

# UNITS SOLD

January - March

TOTAL UNITS SOLD LOWER CAPE

2015

2016

UNDER $250,000

32

31

$250,000 - $499,999

96

88

$500,000 -$749,999

35

28

$750,000 - $999,999

13

15

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

18

16

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

5

4

$4,000,000 AND UP

0

1

The Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q1 2016 versus Q1 2015: •

The five towns comprising the Lower Cape experienced a decrease in Q1 2016 when compared to Q1 2015.

•

The number of units sold in the Lower Cape was down about 8% in Q1 2016 when compared to 2015.

•

Brewster had a 21% decrease in single-family unit sales year over year, while condominiums were up 24%.

•

Similar to Brewster, Harwich single-family units were down as well verses the same time last year. Harwich experienced an 11% decrease in single-family sales and a 67% decrease in sales of condominium units.

•

Orleans experienced a 5% increase in average sales price for Single-family homes, while condominium prices decreased 40%.

18

sothebysrealty.com

MLS ID: 21509032

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

2015

$514,134

$230,432

2016

$463,909

$318,608

% CHANGE

-10%

38%

2015

150

194

2016

140

142

% CHANGE

-7%

-27%

2015

93%

96%

2016

96%

96%

% CHANGE

3%

0%

INVENTORY

SOLD JAN-MAR 2015

SOLD JAN-MAR 2016

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

1

14

0

12

-100%

-14%

0

6

-

2

$250,000 - $499,999

22

2

18

6

-18%

200%

21

14

4

7

$500,000 -$ 749,999

7

0

7

1

0%

100%

28

3

12

9

$750,000 - $999,999

0

1

2

1

100%

0%

7

2

11

6

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

4

0

0

1

-100%

100%

10

1

-

3

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

0

0

0

0

0%

0%

6

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

34

17

27

21

-21%

24%

72

26

8

4

UNDER $250,000

CAPE COD | THE LOWER CAPE

% CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

19

MLS ID: 21510657

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

20

SOLD JAN-MAR 2015

SOLD JAN-MAR 2016

SF

CONDO

2015

$497,732

$294,444

2016

$387,993

$208,667

% CHANGE

-22%

-29%

2015

122

252

2016

134

451

% CHANGE

10%

79%

2015

94%

93%

2016

96%

96%

% CHANGE

2%

3%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

4

7

7

2

75%

-71%

1

10

0

15

$250,000 - $499,999

32

0

26

1

-19%

100%

54

13

6

39

$500,000 -$ 749,999

7

2

5

0

-29%

-100%

36

10

22

-

$750,000 - $999,999

0

0

1

0

100%

0%

17

0

51

-

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

1

0

1

0

0%

0%

13

0

39

-

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

1

0

0

0

-100%

0%

2

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

6

0

-

-

TOTALS

45

9

40

3

-11%

-67%

129

33

10

33

sothebysrealty.com

MLS ID: 21600680

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 SOLD JAN-MAR 2015

SOLD JAN-MAR 2016

SF

CONDO

2015

$769,096

$380,500

2016

$811,342

$226,495

% CHANGE

5%

-40%

2015

193

200

2016

248

83

% CHANGE

28%

-59%

2015

95%

93%

2016

94%

99%

% CHANGE

-2%

7%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

1

0

7

0%

600%

0

0

-

-

$250,000 - $499,999

10

1

8

4

-20%

300%

11

4

4

3

$500,000 -$ 749,999

6

1

4

0

-33%

-100%

21

1

16

-

$750,000 - $999,999

4

0

5

0

25%

0%

11

0

7

-

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

5

0

7

0

40%

0%

19

0

8

-

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

1

0

0

0

-100%

0%

10

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

5

0

-

-

TOTALS

26

3

24

11

-8%

267%

77

5

10

1

CAPE COD | THE LOWER CAPE

21

MLS ID: 21602282

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 SOLD JAN-MAR 2016

CONDO

$820,968

$383,750

2016

$1,268,591

$669,833

% CHANGE

55%

75%

2015

204

140

2016

216

582

% CHANGE

6%

316%

2015

95%

92%

2016

91%

98%

% CHANGE

-5%

6%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

1

2

0

0

-100%

-100%

0

3

-

-

$250,000 - $499,999

15

1

10

0

-33%

-100%

23

6

7

-

$500,000 -$ 749,999

6

1

5

3

-17%

200%

37

3

22

3

$750,000 - $999,999

7

0

6

0

-14%

0%

17

5

9

-

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

8

0

6

0

-25%

0%

53

5

27

-

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

3

0

4

0

33%

0%

34

0

26

-

$4,000,000 AND UP

0

0

1

0

100%

0%

11

0

33

-

40

4

32

3

-20%

-25%

175

22

16

22

TOTALS

22

SOLD JAN-MAR 2015

SF

2015

sothebysrealty.com

MLS ID: 21600876

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

2015

$443,553

$161,000

2016

$452,658

$222,500

% CHANGE

2%

38%

2015

184

52

2016

198

220

% CHANGE

8%

323%

2015

94%

92%

2016

92%

93%

% CHANGE

-1%

1%

and walks on the flats at low tide.

UNITS SOLD SOLD JAN-MAR 2015

SOLD JAN-MAR 2016

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

2

1

2

100%

0%

1

7

3

11

$250,000 - $499,999

13

0

14

1

8%

100%

50

4

11

12

$500,000 -$ 749,999

5

0

3

0

-40%

0%

16

0

16

-

$750,000 - $999,999

1

0

0

0

-100%

0%

9

0

-

-

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

0

0

1

0

100%

0%

7

0

21

-

$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

-

-

TOTALS

19

2

19

3

0%

50%

84

11

13

11

CAPE COD | THE LOWER CAPE

23

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 0138268 | $5,650,000 SAN FRANCISCO, CA | Web: 0087780 | $5,395,000 HOUSTON, TX | Web: 1240556 | $5,250,000 RESORT MARKETS SONOMA, CA | Web: 0243927 | $5,275,000 AMAGANSETT, NY | Web: 1050627 | $5,250,000 MONTECITO, CA | Web: 0113951 | $5,950,000 FOREIGN MARKETS INDIA | Web: G6ZBKG | $5,684,793 SPAIN | Web: B858KK | $5,528,256 HONG KONG | Web: QGJQX9 | $5,671,492 sothebysrealty.com

24

THE OUTER CAPE

MLS ID: 21602081

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 - MARCH 2016

2016

2015

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 # UNITS SOLD

5

10

January - March

TOTAL UNITS SOLD OUTER CAPE

15

20

25

30

The Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q1 2016 versus Q1 2015: •

The Outer Cape experienced a 25% increase in unit sales

2015

2016

UNDER $250,000

4

5

$250,000 - $499,999

21

23

$500,000 -$ 749,999

17

28

from five units to 14 units, while pricing decreased by 58%.

$750,000 - $999,999

4

6

Condominiums were down by 45% in average sales price

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

4

3

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

2

1

$4,000,000 AND UP

1

0

year over year.

•

Sales of single-family units in Wellfleet increased 180%

with a 50% reduction in unit sales.

•

Truro had a 10% decrease in single-family sales and a 40% decrease in sales of condominium units.

•

Provincetown saw a 1% decrease in the average sales price of single-family homes and a 5% increase in the sales price of condominium units. Unit sales were down 78% for singlefamily homes while condominiums were up 68%.

26

sothebysrealty.com

MLS ID: 21601734

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-MAR 2015

SOLD JAN-MAR 2016

SF

CONDO

2015

$1,318,500

$255,000

2016

$559,618

$139,000

% CHANGE

-58%

-45%

2015

198

232

2016

157

442

% CHANGE

-21%

91%

2015

91%

97%

2016

96%

100%

% CHANGE

5%

3%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

1

0

1

0%

0%

2

10

-

30

$250,000 - $499,999

4

1

5

0

25%

-100%

14

4

8

-

$500,000 -$ 749,999

0

0

9

0

100%

0%

23

3

8

-

$750,000 - $999,999

0

0

0

0

0%

0%

6

0

-

-

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

0

0

0

0

0%

0%

9

0

-

-

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

0

0

0

0

0%

0%

1

0

-

-

$4,000,000 AND UP

1

0

0

0

-100%

0%

1

0

-

-

TOTALS

5

2

14

1

180%

-50%

56

17

12

51

CAPE COD | THE OUTER CAPE

27

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-MAR 2015

SOLD JAN-MAR 2016

SF

CONDO

2015

$951,850

$335,400

2016

$680,056

$347,333

% CHANGE

-29%

4%

2015

205

92

2016

355

256

% CHANGE

73%

178%

2015

91%

98%

2016

90%

98%

% CHANGE

-1%

1%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

1

1

1

100%

0%

0

5

-

15

$250,000 - $499,999

1

4

1

2

0%

-50%

4

28

12

42

$500,000 -$ 749,999

5

0

6

0

20%

0%

16

2

8

-

$750,000 - $999,999

2

0

0

0

-100%

0%

17

1

-

-

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

1

0

0

0

-100%

0%

12

0

-

-

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

1

0

1

0

0%

0%

7

0

21

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

10

5

9

3

-10%

-40%

57

36

19

36

sothebysrealty.com

MLS ID: 21505328

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

2015

$1,029,139

$528,057

2016

$1,015,000

$554,203

% CHANGE

-1%

5%

2015

230

163

2016

106

170

% CHANGE

-54%

4%

2015

89%

95%

2016

95%

95%

% CHANGE

7%

0%

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

UNITS SOLD SOLD JAN-MAR 2015

SOLD JAN-MAR 2016

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (4-22-16)

# MONTHS OF INVENTORY (4-22-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

1

1

0

2

-100%

100%

0

2

-

3

$250,000 - $499,999

2

9

0

15

-100%

67%

2

50

-

10

$500,000 -$ 749,999

2

10

0

13

-100%

30%

4

34

-

8

$750,000 - $999,999

1

1

1

5

0%

400%

5

11

15

7

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

2

1

1

2

-50%

100%

18

8

54

12

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

1

0

0

0

-100%

0%

8

2

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

9

22

2

37

-78%

68%

37

107

56

9

CAPE COD | THE OUTER CAPE

29

oldCape Howard Hayes owner/broker

Ken Hager brokerage mgr

Dolores Alberti

Gisella Alexander

John Allen

Karin Daffinee

Karen Arnold

Susan Baker-Outslay Anthony Bartolini

Andrea Besse

Jack D. Bohman

Jennifer Bryant

Nicole Catalano

Debbie Cody

Karen Dysart

Eric Ehnstrom

Kristi Eldredge

Jo-Ellen Erickson

Peggy Farber

Tom Ferguson

Susie Furman

Hardman/Liberles Joseph Hartung

Deidre Hedmark

Dee Higgins

Daneen Law

Peter/Elaine Lomenzo Thomas Lomenzo

Christopher Martin

Laurie McCann

Christine McGrath

Christopher McGrath

Dianne Mongeau Diane Miller

Mac Noks

Mary O’Donnell

Carolyn O’Neill

Hillary Peck

Pam Roberts

Brandy Salvador

Eva Scott

Darci Sequin

Anne Somerby

Gayle Tambolleo

Robin Thayer

Jim Trainor

Natalia Weiner

Susan Winslow

Christa Zevitas

Carla Hemmings

Mary Jane Ryan

Jeff Smith

2404 Main Street | Brewster, MA 02631 | 508.896.5000 623 Route 6A | Dennis, MA 02638 | 508-385-4944 587 Route 28 | Harwich Port, MA 02646 | 508.432.6100 6 Route 6A | Orleans, MA 02653 | 508.255.6000 1455 Main St | Chatham, MA 02633 | 508.945.9100 210 Orleans Rd | North Chatham | 508.945.8800

oldcape.com | Each Office is Independently Owned and Operated.

Provincetown

Atlantic Bay

Emily Flax

broker/owner

David Nicolau

Sue Buerkel

broker/owner

Each Office is Independently Owned and Operated.

30

atlanticbaysir.com

168 Commercial Street Provincetown, MA 02657 508.487.2430

Mary Cabral

Ruth Gilbert

Reven Oliver

Greg Kiely brokerage manager

Steven Asmond

Jackie Bartolomei

Jane Bodrie

Bonnie Britt

Karen Burton

Melinda Chapin

Carol Childs

Pamela Chmielinski

Donna Christopher

Stephen Cobb

Marc Coriaty

Jack Cotton

Sally Duffy

Cynthia Eisen

Robert Foley

Gail Germain-Martis

Margaret Gifford

Susan Gill

Beth Gilmore

Tori Harrison

Annie Hart Cool

Bryan Jesienski

Nancy Komenda

Madeline LaCroix

Jack Largay

Diana Lucivero

Jan Macallister

Gene Marchand

Jennifer McCartin

Terri Monroe

Oliver Muldoon

Pamela Mullin

Joanne Murphy

Gene Orloff

Colleen Riley

Peggy Rowland

Donna Sawyer

Matt Shakin

Jodi Steek

Steven Strojny

Pat Thatcher

Ellen Valentgas

Nicole Vautrain

John Weyand

Joan Witter

Lisa Worthen

sothebyshomes.com/capecod

Osterville

West Falmouth

851 Main Street, Osterville, MA 02655 508.428.9115 | 800.851.9115

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

Operated by Sotheby’s International Realty, Inc.

31

AN EXQUISITE DIAMOND DESERVES AN EXCLUSIVE SETTING.

Collection available for purchase at Sotheby’s Diamonds salons and exclusive exhibitions worldwide.

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