Cape Cod Market Update | Q3 2015

WEB: 0841002

Cape Cod Market Update Third Quarter 2015 Sotheby’s International Realty Cape Cod Brokerages Osterville | West Falmouth oldCape Sotheby’s International Realty Brewster | 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

oldCape

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

oldcape.com

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.

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

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

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

Provincetown.

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: 0840809

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 - SEPTEMBER 2015

2015

2014

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

100

200

300

400

500

600

700

800

TOTAL UNITS SOLD UPPER CAPE

2014

2015

UNDER $250,000

229

252

$250,000 - $499,999

634

698

$500,000 -$ 749,999

126

154

$750,000 - $999,999

41

59

average sale price. Bourne’s Single Family unit sales are up 39%

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

46

35

and condominiums stayed flat.

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

19

10

Falmouth Single Family units are up 4% and condominium sales

$4,000,000 AND UP

3

2

The number of units sold on the Upper Cape has increased by 10% in 2015 as compared to 2014.

Bourne has experienced a 21% decrease in the average selling price of a single family unit and a 9% decrease in condominium

have also increased by 4%. Falmouth has seen an 8% decrease in the average selling price of a single family home while there has been a reduction of 2% in condominiums.

Sandwich’s Single Family unit sales have increased by 11% and condominiums have declined by 39%. Sandwich’s average selling price of a single family has increased by 8% while condominiums have increased by 13%.

Single Family sales in Mashpee have increased by 5% and condominiums by 18%. There has been a 10% decrease in the average selling price of single family homes and a 2% reduction in condominiums.

4

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WEB: 0840905

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-SEPT 2014

SOLD JAN-SEPT 2015

SF

CONDO

2014

$462,742

$279,229

2015

$364,674

$254,348

% CHANGE

-21%

-9%

2014

158

139

2015

118

111

% CHANGE

-25%

-20%

2014

94%

96%

2015

95%

98%

% CHANGE

1%

2%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

31

14

39

18

26%

29%

14

11

3

6

$250,000 - $499,999

68

14

108

9

59%

-36%

70

8

6

8

$500,000 -$ 749,999

12

0

13

1

8%

100%

32

0

22

-

$750,000 - $999,999

1

0

6

0

500%

0%

13

6

20

-

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

4

0

1

0

-75%

0%

14

0

126

-

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

5

0

1

0

-80%

0%

8

0

72

-

$4,000,000 AND UP

0

0

0

0

0%

0%

2

0

-

-

121

28

168

28

39%

0%

153

25

8

8

TOTALS

CAPE COD | THE UPPER CAPE

5

WEB: 0403148

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-SEPT 2014

CONDO

$527,418

$386,523

2015

$485,965

$377,760

% CHANGE

-8%

-2%

2014

137

195

2015

147

106

% CHANGE

7%

-46%

2014

94%

96%

2015

94%

96%

% CHANGE

0%

0%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

68

11

75

11

10%

0%

31

3

4

2

$250,000 - $499,999

205

26

204

25

0%

-4%

131

21

6

8

$500,000 -$ 749,999

66

8

79

11

20%

38%

84

12

10

10

$750,000 - $999,999

27

0

25

1

-7%

100%

46

3

17

27

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

15

1

19

0

27%

-100%

35

1

17

-

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

10

0

6

0

-40%

0%

27

0

41

-

$4,000,000 AND UP

2

0

1

0

-50%

0%

11

0

99

-

393

46

409

48

4%

4%

365

40

8

8

TOTALS

6

SOLD JAN-SEPT 2015

SF

2014

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WEB: 0402852

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-SEPT 2014

SOLD JAN-SEPT 2015

SF

CONDO

2014

$372,247

$189,194

2015

$403,368

$214,636

% CHANGE

8%

13%

2014

139

93

2015

124

141

% CHANGE

-11%

52%

2014

96%

95%

2015

96%

95%

% CHANGE

0%

1%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

25

17

29

9

16%

-47%

8

8

2

8

$250,000 - $499,999

150

1

159

2

6%

100%

140

5

8

23

$500,000 -$ 749,999

19

0

20

0

5%

0%

72

0

32

-

$750,000 - $999,999

5

0

13

0

160%

0%

21

0

15

-

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

2

0

2

0

0%

0%

14

0

63

-

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

0

0

1

0

100%

0%

3

0

27

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

201

18

224

11

11%

-39%

259

13

10

11

TOTALS

CAPE COD | THE UPPER CAPE

7

WEB: 0840999

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-SEPT 2014

CONDO

$581,554

$327,353

2015

$524,224

$321,543

% CHANGE

-10%

-2%

2014

178

128

2015

149

143

% CHANGE

-16%

12%

2014

94%

97%

2015

94%

98%

% CHANGE

0%

0%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

32

31

21

50

-34%

61%

17

16

7

3

$250,000 - $499,999

80

90

107

84

34%

-7%

70

34

6

4

$500,000 -$ 749,999

20

1

20

10

0%

900%

59

15

27

14

$750,000 - $999,999

8

0

13

1

63%

100%

34

5

24

45

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

23

1

13

0

-43%

-100%

54

2

37

-

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

4

0

2

0

-50%

0%

17

0

77

-

$4,000,000 AND UP

1

0

1

0

0%

0%

5

0

45

-

168

123

177

145

5%

18%

256

72

13

4

TOTALS

8

SOLD JAN-SEPT 2015

SF

2014

sothebysrealty.com

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 00110341 | $1,700,000 SAN FRANCISCO, CA | Web: 0087579 | $1,525,000 HOUSTON, TX | Web: 1233394 | $1,595,000 RESORT MARKETS PALM BEACH, FL | Web: 0076755 | $1,700,000 CAPE COD, MA | Web: 0403249 | $1,695,000 SANTA BARBARA, CA | Web: 0113946 | $1,800,000 FOREIGN MARKETS COSTA RICA | Web: S349HB | $1,350,000 ITALY | Web: JM3MBW | $1,792,115 GREECE | Web: DNJSXS | $1,792,115 sothebysrealty.com

9

SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015

Visit us in-store or online everyday.

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

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10

+1 212 894 1990 | wine@sothebys.com

THE MID CAPE

WEB: 0403097

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 - SEPTEMBER 2015 2015

2014

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

100

200

300

400

500

600

700

800

# UNITS SOLD

TOTAL UNITS SOLD MID CAPE

2014

2015

UNDER $250,000

461

396

$250,000 - $499,999

660

685

$500,000 -$ 749,999

122

128

$750,000 - $999,999

42

45

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

33

37

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

12

13

$4,000,000 AND UP

5

6

The number of units sold on the Mid Cape has decreased by 2% in 2015 as compared to 2014.

Barnstable’s average selling price in single family homes has increased 1%, while the average selling price of condominiums has decreased 15%.

Over the same time frame in Barnstable, single family unit sales are down. 5% while condominum units are down 10%.

Yarmouth single family units are up 8%, however condominiums are down 12%.

Dennis single family units decreased 5% for 2015 vs 2014.

12

sothebysrealty.com

WEB: 0403247

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

2014

$523,331

$239,926

2015

$530,754

$203,400

% CHANGE

1%

-15%

2014

124

181

2015

128

194

% CHANGE

3%

7%

2014

94%

95%

2015

93%

96%

% CHANGE

0%

1%

ferry service to Nantucket and Martha’s Vineyard.

UNITS SOLD SOLD JAN-SEPT 2014

SOLD JAN-SEPT 2015

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

111

39

93

42

-16%

8%

48

17

5

4

$250,000 - $499,999

316

26

305

19

-3%

-27%

231

16

7

8

$500,000 -$ 749,999

51

4

55

1

8%

-75%

83

10

14

90

$750,000 - $999,999

25

0

19

0

-24%

0%

52

2

25

-

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

26

0

27

0

4%

0%

73

1

24

-

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

9

0

11

0

22%

0%

40

0

33

-

$4,000,000 AND UP

4

0

6

0

50%

0%

24

0

36

-

542

69

516

62

-5%

-10%

551

46

10

7

TOTALS

CAPE COD | THE MID CAPE

13

WEB: 0403272

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-SEPT 2014

CONDO

$316,537

$240,628

2015

$349,336

$232,851

% CHANGE

10%

-3%

2014

126

165

2015

121

89

% CHANGE

-4%

-46%

2014

95%

96%

2015

96%

97%

% CHANGE

0%

1%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

130

63

105

55

-19%

-13%

35

45

3

7

$250,000 - $499,999

156

28

196

29

26%

4%

166

12

8

4

$500,000 -$ 749,999

24

4

25

0

4%

-100%

35

1

13

-

$750,000 - $999,999

4

0

11

0

175%

0%

14

1

11

-

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

4

0

4

0

0%

0%

14

1

32

-

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

0

0

1

0

100%

0%

6

0

54

-

$4,000,000 AND UP

0

0

0

0

0%

0%

4

0

-

-

318

95

342

84

8%

-12%

274

60

7

6

TOTALS

14

SOLD JAN-SEPT 2015

SF

2014

sothebysrealty.com

WEB: 0403222

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-SEPT 2014

SOLD JAN-SEPT 2015

SF

CONDO

2014

$400,496

$261,553

2015

$422,254

$216,575

% CHANGE

5%

-17%

2014

141

149

2015

128

138

% CHANGE

-9%

-7%

2014

94%

100%

2015

95%

99%

% CHANGE

2%

-1%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

72

46

47

54

-35%

17%

24

50

5

8

$250,000 - $499,999

126

8

123

13

-2%

63%

95

8

7

6

$500,000 -$ 749,999

30

9

42

5

40%

-44%

32

1

7

2

$750,000 - $999,999

11

2

15

0

36%

-100%

29

1

17

-

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

3

0

6

0

100%

0%

21

1

32

-

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

3

0

1

0

-67%

0%

6

0

54

-

$4,000,000 AND UP

1

0

0

0

-100%

0%

2

0

-

-

246

65

234

72

-5%

11%

209

61

8

8

TOTALS

CAPE COD | THE MID CAPE

15

AUCTION CALENDAR OCTOBER | NOVEMBER 2015 American Paintings, Drawings and Sculpture New York 02 Oct Modern and Contemporary Asian Art Evening Sale Hong Kong 04 Oct Photographs New York 07 Oct RM Sotheby’s: Hershey Hershey 08 – 09 Oct Property from a Distinguished Private Asian Collection New York 15 Oct Château Margaux 1900–2010 Direct From The Cellars: A Celebration of the Mentzelopoulos Era New York 17 Oct Collections: European Decorative Arts New York 17 Oct The Creative Genius of Sam Simon: A Lifetime of Memorabilia New York 22 Oct Impressionist & Modern Art Evening Sale New York 05 Nov Contemporary Art Evening Auction New York 11 Nov

American Art New York 18 Nov Latin America: Modern Art Latin America: Contemporary Art New York 19 – 20 Nov Prints & Multiples New York 23 – 24 Nov

We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015

16

© 2015 Andy Warhol Foundation for the Visual Arts / Artists Rights Society (ARS), New York

Finest and Rarest Wines New York 14 Nov

THE LOWER CAPE

WEB: 21508521

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 - SEPTEMBER 2015 2015

2014

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 LOWER CAPE

2014

2015

UNDER $250,000

113

115

$250,000 - $499,999

359

399

$500,000 -$749,999

109

158

compared to 2014.

$750,000 - $999,999

65

55

Brewster has seen a 6% increase in single family unit sales year

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

53

66

over year, and condominiums are up by 13%.

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

24

18

Harwich single family units, like Brewster, saw an increase

2

4

$4,000,000 AND UP

The five towns comprising the Lower Cape have experienced an increase in 2015 when compared to 2014. The number of units sold on the Lower Cape are up by about 12% in 2015 as

compared to last year. Harwich performed with a 36% increase in single family sales and a 13% increase in sales of condominium units.

Orleans experienced a 6% increase in average sales price for single family homes, while condomium prices increased 42%.

Chatham experienced a decline in unit sales year over year of 3% while Eastham posted an increase of 16%.

18

sothebysrealty.com

WEB: 21507776

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 SOLD JAN-SEPT 2014

SOLD JAN-SEPT 2015

SF

CONDO

2014

$460,438

$232,078

2015

$518,916

$244,127

% CHANGE

13%

5%

2014

111

111

2015

114

116

% CHANGE

3%

5%

2014

95%

95%

2015

95%

97%

% CHANGE

0%

1%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

5

36

4

45

-20%

25%

0

17

0

3

$250,000 - $499,999

80

13

78

11

-3%

-15%

43

12

5

10

$500,000 -$ 749,999

23

3

29

3

26%

0%

34

1

11

3

$750,000 - $999,999

5

0

2

1

-60%

100%

22

2

99

18

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

5

1

11

0

120%

-100%

9

3

7

-

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

0

0

1

0

100%

0%

5

0

45

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

118

53

125

60

6%

13%

113

35

8

5

UNDER $250,000

TOTALS

CAPE COD | THE LOWER CAPE

19

WEB: 21506477

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-SEPT 2014

CONDO

$464,262

$367,679

2015

$474,324

$265,511

% CHANGE

2%

-28%

2014

115

149

2015

150

201

% CHANGE

30%

35%

2014

94%

94%

2015

95%

95%

% CHANGE

1%

1%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

18

20

16

24

-11%

20%

5

6

3

2

$250,000 - $499,999

107

7

148

6

38%

-14%

84

11

5

17

$500,000 -$ 749,999

17

2

35

5

106%

150%

38

9

10

16

$750,000 - $999,999

11

1

9

0

-18%

-100%

24

0

24

-

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

6

0

8

0

33%

0%

12

0

14

-

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

2

1

3

0

50%

-100%

6

0

18

-

$4,000,000 AND UP

0

0

0

0

0%

0%

2

0

-

-

161

31

219

35

36%

13%

171

26

7

7

TOTALS

20

SOLD JAN-SEPT 2015

SF

2014

sothebysrealty.com

WEB: 21506743

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-SEPT 2014

SOLD JAN-SEPT 2015

SF

CONDO

2014

$760,032

$195,012

2015

$808,675

$277,875

% CHANGE

6%

42%

2014

171

122

2015

163

131

% CHANGE

-5%

7%

2014

94%

95%

2015

95%

96%

% CHANGE

1%

1%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

21

1

10

100%

-52%

1

12

9

11

$250,000 - $499,999

25

3

25

5

0%

67%

28

3

10

5

$500,000 -$ 749,999

20

1

26

1

30%

0%

32

2

11

18

$750,000 - $999,999

22

0

18

0

-18%

0%

18

0

9

-

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

11

0

12

0

9%

0%

26

0

20

-

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

2

0

5

0

150%

0%

13

0

23

-

$4,000,000 AND UP

0

0

0

0

0%

0%

2

0

-

-

80

25

87

16

9%

-36%

120

17

12

10

TOTALS

CAPE COD | THE LOWER CAPE

21

WEB: 21509375

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-SEPT 2014

CONDO

$980,850

$347,300

2015

$1,011,569

$361,027

% CHANGE

3%

4%

2014

237

172

2015

159

235

% CHANGE

-33%

37%

2014

92%

95%

2015

95%

95%

% CHANGE

3%

0%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

2

5

1

5

-50%

0%

2

7

18

13

$250,000 - $499,999

53

6

44

8

-17%

33%

22

13

5

15

$500,000 -$ 749,999

27

4

35

2

30%

-50%

35

8

9

36

$750,000 - $999,999

23

0

21

0

-9%

0%

25

5

11

-

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

28

0

33

0

18%

0%

46

1

13

-

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

16

0

9

0

-44%

0%

38

0

38

-

$4,000,000 AND UP

2

0

4

0

100%

0%

12

0

27

-

151

15

147

15

-3%

0%

180

34

11

20

TOTALS

22

SOLD JAN-SEPT 2015

SF

2014

sothebysrealty.com

WEB: 21507697

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

2014

$530,343

$288,333

2015

$452,331

$240,583

% CHANGE

-15%

-17%

2014

147

182

2015

143

166

% CHANGE

-3%

-9%

2014

95%

96%

2015

95%

94%

% CHANGE

0%

-2%

and walks on the flats at low tide.

UNITS SOLD SOLD JAN-SEPT 2014

SOLD JAN-SEPT 2015

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

5

1

3

6

-40%

500%

3

9

9

14

$250,000 - $499,999

63

2

71

3

13%

50%

63

5

8

15

$500,000 -$ 749,999

12

0

22

0

83%

0%

22

0

9

-

$750,000 - $999,999

3

0

4

0

33%

0%

6

0

14

-

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

2

0

2

0

0%

0%

5

0

23

-

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

3

0

0

0

-100%

0%

1

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

88

3

102

9

16%

200%

100

14

9

14

UNDER $250,000

CAPE COD | THE LOWER CAPE

23

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 0137863 | $3,595,000 HOUSTON, TX | Web: 1250373 | $3,495,000 LOS ANGELES, CA | Web: 0308403 | $3,495,000 RESORT MARKETS MALIBU, CA | Web: 0355397 | $3,795,000 SAG HARBOR, NY | Web: 0044470 | $3,750,000 CARMEL, CA | Web: 0474004 | $3,395,000 FOREIGN MARKETS GREECE | Web: WWKHD2 | $3,584,229 SOUTH AFRICA | Web: JGDBB6 | $3,526,931 SPAIN | Web: SJ836H | $3,640,233 sothebysrealty.com

24

THE OUTER CAPE

Photo courtesy of Elyssa Cohen Photography

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 - SEPTEMBER 2015

2015

2014

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

TOTAL UNITS SOLD OUTER CAPE

2014

2015

UNDER $250,000

25

39

$250,000 - $499,999

98

107

$500,000 -$ 749,999

75

73

$750,000 - $999,999

26

18

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

13

14

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

4

4

$4,000,000 AND UP

0

2

The Outer Cape experienced a 7% increase in unit sales year over year.

Wellfleet sales of single family units declined 39% while pricing increased by 33%. Condominiums are down by 44% in average selling price with an 11% reduction in unit sales.

Truro performed with a 17% increase in single family sales and a 183% increase in sales of condominium units.

Provincetown saw a 7% decrease in the average sales price of single family homes and a 3% increase in the sales price of condominium units. Unit sales were up 13% for single family homes and condominiums were also up 10%.

26

sothebysrealty.com

WEB: 21508461

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-SEPT 2014

SOLD JAN-SEPT 2015

SF

CONDO

2014

$548,189

$329,694

2015

$730,938

$183,563

% CHANGE

33%

-44%

2014

173

290

2015

118

91

% CHANGE

-32%

-69%

2014

95%

97%

2015

95%

96%

% CHANGE

0%

-1%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

2

3

3

7

50%

133%

8

6

24

8

$250,000 - $499,999

30

4

18

1

-40%

-75%

26

4

13

36

$500,000 -$ 749,999

20

2

12

0

-40%

-100%

22

2

17

-

$750,000 - $999,999

6

0

0

0

-100%

0%

8

0

-

-

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

4

0

3

0

-25%

0%

11

0

33

-

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

0

0

0

0

0%

0%

1

0

-

-

$4,000,000 AND UP

0

0

2

0

100%

0%

1

0

5

-

TOTALS

62

9

38

8

-39%

-11%

77

12

18

14

UNDER $250,000

CAPE COD | THE OUTER CAPE

27

Photo courtesy of Elyssa Cohen Photography

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 SOLD JAN-SEPT 2014

28

SOLD JAN-SEPT 2015

SF

CONDO

2014

$789,340

$257,500

2015

$806,072

$295,385

% CHANGE

2%

15%

2014

194

207

2015

176

153

% CHANGE

-9%

-26%

2014

93%

92%

2015

94%

97%

% CHANGE

1%

5%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

7

0

13

0%

86%

0

9

-

6

$250,000 - $499,999

8

4

5

21

-38%

425%

5

32

9

14

$500,000 -$ 749,999

9

1

19

0

111%

-100%

27

3

13

-

$750,000 - $999,999

7

0

5

0

-29%

0%

14

0

25

-

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

4

0

3

0

-25%

0%

21

0

63

-

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

1

0

2

0

100%

0%

7

0

32

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

29

12

34

34

17%

183%

74

44

20

12

sothebysrealty.com

WEB: 21508957

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

2014

$1,028,063

$449,717

2015

$960,648

$464,069

% CHANGE

-7%

3%

2014

241

162

2015

203

135

% CHANGE

-16%

-17%

2014

93%

96%

2015

92%

96%

% CHANGE

-1%

0%

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

UNITS SOLD SOLD JAN-SEPT 2014

SOLD JAN-SEPT 2015

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (10-1-15)

# MONTHS OF INVENTORY (10-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

13

1

15

100%

15%

0

11

-

7

$250,000 - $499,999

2

50

5

57

150%

14%

2

53

4

8

$500,000 -$ 749,999

8

35

7

35

-13%

0%

4

42

5

11

$750,000 - $999,999

8

5

7

6

-13%

20%

4

17

5

26

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

3

2

5

3

67%

50%

29

5

52

15

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

3

0

2

0

-33%

0%

10

1

45

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

24

105

27

116

13%

10%

50

129

17

10

CAPE COD | THE OUTER CAPE

29

Howard Hayes owner/ broker

oldCape

Dolores Alberti

John Allen

Karen Arnold

Susan BakerOutslay

Anthony Bartolini

Andrea Besse

Len Coakley

Debbie Cody

Karin Daffinee

Eric Ehnstrom

Jo-Ellen Erickson

Peggy Farber

Hardman/Liberles

Joseph Hartung

Deidre Hedmark

Dee Higgins

Sarah Laird

Daneen Law

Peter/Elaine Lomenzo

David Marsh

Laurie McCann

Christine McGrath

Dianne Mongeau

Diane Miller

Pam Roberts

Brandy Salvador

Jeff Smith

Eva Scott

Gayle Tambolleo

Robin Thayer

Jim Trainor

Natalia Weiner

Susan Winslow

Lindsey Wright

Carla Hemmings

Mary Jane Ryan

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

atlanticbaysir.com

168 Commercial Street Provincetown, MA 02657 508.487.2430

David Nicolau

Sue Buerkel

broker/owner

Each Office is Independently Owned and Operated.

30

Ken Hager brokerage manager

Mary Cabral

Ruth Gilbert

Reven Oliver

Jack Cotton brokerage manager

Steve Asmond

Jackie Bartolomei

Jane Bodrie

Courtney Bottcher

Bonnie Britt

Karen Burton

Melinda Chapin

Carol Childs

Pam Chmielinski

Donna Christopher

Stephen Cobb

Marc Coriaty

Sally Duffy

Cynthia Eisen

Bob Foley

Gail Germain Martis

Margaret Gifford

Susan Gill

Tori Harrison

Annie Hart Cool

Bryan Jesienski

Nancy Komenda

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

Jodi Steek

Steven Strojny

Pat Thatcher

Ellen Valentgas

Nicole Vautrain

Beverly Wall-Cedrone

John Weyand

Joan Witter

Lisa Worthen

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

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