Cape Cod Market Update | Q2 2017

Cape Cod Market Update Second Quarter 2017 Sotheby’s International Realty Cape Cod Brokerages Osterville | West Falmouth oldCape Sotheby’s International Realty Brewster | Chatham | North Chatham | Dennis Harwich Port | Orleans 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

Provincetown.

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 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

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

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: 0403357

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 2017

$4,000,000 and UP $2,000,000 - $3,999,999 $1,000,000 - $1,999,999 $750,000 - $999,999 $500,000 - $749,999 $250,000 - $499,999 Under $250,000 0

100

200 2017

TOTAL UNITS SOLD UPPER CAPE 2016

2017

Under $250,000

156

116

$250,000 - $499,999

508

539

$500,000 - $749,999

134

143

$750,000 - $999,999

40

47

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

36

35

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

8

11

$4,000,000 and UP

1

1

883

892

Total

300

500

600

2016

+8% 107

days

+31% 177

units 4

400

the average sale price of a single family home in Mashpee grew to $575,893 average number of days single family homes in Falmouth were on the market decreased by 23% the average sale price of a condominium in Bourne grew to $308,625 the number of single family homes sold in Sandwich fell by 19%

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WEB: 0403579

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-JUNE 2016

SOLD JAN-JUNE 2017

SF

CONDO

2016

$465,084

$235,444

2017

$469,178

$308,625

% CHANGE

1%

31%

2016

121

98

2017

124

102

% CHANGE

3%

4%

2016

95%

95%

2017

97%

97%

% CHANGE

2%

2%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY (6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

18

12

8

9

-56%

-25%

6

7

5

5

$250,000 - $499,999

66

5

78

14

18%

180%

44

13

3

6

$500,000 -$ 749,999

13

1

17

0

31%

-100%

27

0

10

-

$750,000 - $999,999

4

0

3

0

-25%

-

12

1

24

-

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

4

0

4

0

0%

-

7

1

11

-

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

1

0

2

0

100%

-

10

0

30

-

$4,000,000 AND UP

1

0

0

0

-100%

-

1

0

-

-

107

18

112

23

5%

28%

107

22

6

6

TOTALS

CAPE COD | THE UPPER CAPE

5

WEB: 0841294

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-JUNE 2016

CONDO

$510,955

$395,433

2017

$525,537

$374,155

% CHANGE

3%

-5%

2016

139

187

2017

107

147

% CHANGE

-23%

-21%

2016

94%

96%

2017

95%

96%

% CHANGE

1%

0%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY (6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

51

7

29

6

-43%

-14%

11

2

2

2

$250,000 - $499,999

140

23

158

20

13%

-13%

84

18

3

5

$500,000 -$ 749,999

51

6

56

5

10%

-17%

51

10

5

12

$750,000 - $999,999

22

2

20

0

-9%

-100%

35

1

11

-

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

16

0

18

1

13%

-

32

2

11

12

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

5

0

5

0

0%

-

20

0

24

-

$4,000,000 AND UP

0

0

0

0

-

-

5

0

-

-

285

38

286

32

0%

-16%

238

33

5

6

UNDER $250,000

TOTALS

6

SOLD JAN-JUNE 2017

SF

2016

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WEB: 0403694

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-JUNE 2016

SOLD JAN-JUNE 2017

SF

CONDO

2016

$397,963

$192,716

2017

$426,747

$229,968

% CHANGE

7%

19%

2016

141

133

2017

110

153

% CHANGE

-22%

15%

2016

96%

96%

2017

96%

98%

% CHANGE

0%

2%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY(6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

13

10

7

11

-46%

10%

3

6

3

3

$250,000 - $499,999

163

0

134

3

-18%

-

80

5

4

10

$500,000 -$ 749,999

36

0

26

0

-28%

-

46

1

11

-

$750,000 - $999,999

4

0

7

0

75%

-

27

0

23

-

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

3

0

2

0

-33%

-

17

0

51

-

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

0

0

1

0

-

-

4

0

24

-

$4,000,000 AND UP

0

0

0

0

-

-

0

0

-

-

219

10

177

14

-19%

40%

177

12

6

5

UNDER $250,000

TOTALS

CAPE COD | THE UPPER CAPE

7

WEB: 0841294

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-JUNE 2016

CONDO

$533,536

$320,861

2017

$575,893

$324,901

% CHANGE

8%

1%

2016

158

123

2017

124

94

% CHANGE

-21%

-24%

2016

96%

97%

2017

94%

97%

% CHANGE

-2%

0%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY(6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

20

25

7

39

-65%

56%

5

13

4

2

$250,000 - $499,999

66

45

88

44

33%

-2%

58

45

4

6

$500,000 -$ 749,999

22

5

25

14

14%

180%

63

26

15

11

$750,000 - $999,999

8

0

17

0

113%

-

40

5

14

-

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

13

0

10

0

-23%

-

47

6

28

-

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

2

0

3

0

50%

-

12

0

24

-

$4,000,000 AND UP

0

0

1

0

-

-

7

0

42

-

131

75

151

97

15%

29%

232

95

9

6

TOTALS

8

SOLD JAN-JUNE 2017

SF

2016

sothebysrealty.com

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS PASADENA, CA | Web: 0287126 | $998,000 HOUSTON, TX | Web: 1236350 | $1,249,999 SAN FRANCISCO, CA | Web: 0088308 | $1,495,000 RESORT MARKETS PALM BEACH, FL | Web: 0076674 | $847,000 SANTA FE, NM | Web: 0565485 | $995,000 CAPE COD, MA | Web: 0403579 | $975,000 FOREIGN MARKETS CANADA | Web: GL2MVV | 1 600 000 $ CAD SPAIN | Web: YZB6YR | 1.100.000 € EUR SOUTH AFRICA | Web: HRLGFH | R 16 000 000 ZAR sothebysrealty.com

THE MID CAPE

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

10

MID CAPE SALES JANUARY - JUNE 2017

$4,000,000 and UP $2,000,000 - $3,999,999 $1,000,000 - $1,999,999 $750,000 - $999,999 $500,000 - $749,999 $250,000 - $499,999 Under $250,000 0

100

200 2017

TOTAL UNITS SOLD MID CAPE

11

January - June

2017

Under $250,000

273

207

$250,000 - $499,999

555

545

$500,000 - $749,999

71

91

$750,000 - $999,999

28

26

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

31

37

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

11

10

$4,000,000 and UP

2

4

971

920

400

500

600

2016

387

2016

Total

300

units

the number of single family homes sold in Barnstable fell by 4%

16%

the average sale price of a single family home in Dennis increased to $491,695

83

the average number of days a condominium spent on the market in Yarmouth decreased by 61%

days

sothebysrealty.com

WEB: 0403710

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

2016

$492,958

$216,888

2017

$538,172

$216,059

% CHANGE

9%

0%

2016

132

169

2017

132

121

% CHANGE

0%

-28%

2016

94%

97%

2017

94%

96%

% CHANGE

0%

-1%

ferry service to Nantucket and Martha’s Vineyard.

UNITS SOLD SOLD JAN-JUNE 2016

SOLD JAN-JUNE 2017

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY(6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

77

30

53

28

-31%

-7%

12

15

1

3

$250,000 - $499,999

240

9

244

12

2%

33%

139

20

3

10

$500,000 -$ 749,999

40

2

46

1

15%

-50%

93

11

12

66

$750,000 - $999,999

13

0

11

0

-15%

-

41

1

22

-

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

22

0

22

0

0%

-

75

0

20

-

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

9

0

7

0

-22%

-

30

0

26

-

$4,000,000 AND UP

2

0

4

0

100%

-

23

0

35

-

403

41

387

41

-4%

0%

413

47

6

7

UNDER $250,000

TOTALS

CAPE COD | THE MID CAPE

12

PROPERTY ID: 22RJN2

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-JUNE 2016

CONDO

$320,060

$239,746

2017

$356,646

$214,393

% CHANGE

11%

-11%

2016

107

212

2017

90

83

% CHANGE

-16%

-61%

2016

97%

97%

2017

96%

98%

% CHANGE

-1%

1%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY(6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

86

35

42

33

-51%

-6%

19

29

3

5

$250,000 - $499,999

159

17

170

8

7%

-53%

113

12

4

9

$500,000 -$ 749,999

8

0

14

0

75%

-

34

1

15

-

$750,000 - $999,999

4

0

5

0

25%

-

22

1

26

-

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

2

0

3

0

50%

-

16

0

32

-

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

1

0

1

0

0%

-

8

0

48

-

$4,000,000 AND UP

0

0

0

0

-

-

3

0

-

-

260

52

235

41

-10%

-21%

215

43

5

6

TOTALS

13

SOLD JAN-JUNE 2017

SF

2016

sothebysrealty.com

PROPERTY ID: NQMZS3

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-JUNE 2016

SOLD JAN-JUNE 2017

SF

CONDO

2016

$424,181

$188,092

2017

$491,695

$196,080

% CHANGE

16%

4%

2016

115

100

2017

102

127

% CHANGE

-11%

27%

2016

95%

98%

2017

95%

94%

% CHANGE

0%

-4%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY(6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

23

22

17

34

-26%

55%

12

28

4

5

$250,000 - $499,999

124

6

103

8

-17%

33%

73

23

4

17

$500,000 -$ 749,999

20

1

29

1

45%

0%

41

2

8

12

$750,000 - $999,999

10

1

10

0

0%

-100%

16

4

10

-

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

7

0

11

1

57%

-

25

1

14

6

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

1

0

2

0

100%

-

6

0

18

-

$4,000,000 AND UP

0

0

0

0

-

-

1

0

-

-

185

30

172

44

-7%

47%

174

58

6

8

TOTALS

CAPE COD | THE MID CAPE

14

THE LOWER CAPE

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

15

LOWER CAPE SALES JANUARY - JUNE 2017

$4,000,000 and UP $2,000,000 - $3,999,999 $1,000,000 - $1,999,999 $750,000 - $999,999 $500,000 - $749,999 $250,000 - $499,999 Under $250,000 0

50

100 2017

150

200

January - March

2016

2017

74

60

$250,000 - $499,999

258

252

$500,000 - $749,999

94

116

$750,000 - $999,999

36

41

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

39

35

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

11

11

$4,000,000 and UP

3

0

Under $250,000

+23%

29

units -18%

149

days 16

300

2016

-30% TOTAL UNITS SOLD LOWER CAPE

250

the number of condominiums sold in Brewster decreased to 33 the average sale price of a single family home in Eastham rose to $533,950 the number of condominiums sold in Harwich increased 107%, from 14 units in Q2 2016 the average sale price of a single family home in Chatham decreased to $893,797 the average number of days a single family home was on the market in Orleans decreased 34%

sothebysrealty.com

WEB: 0403699

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-JUNE 2016

SOLD JAN-JUNE 2017

SF

CONDO

2016

$505,274

$311,278

2017

$525,517

$257,203

% CHANGE

4%

-17%

2016

141

133

2017

129

66

% CHANGE

-8%

-50%

2016

96%

97%

2017

97%

97%

% CHANGE

1%

0%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY(6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

2

29

0

23

-100%

-21%

0

10

-

3

$250,000 - $499,999

51

10

53

7

4%

-30%

29

11

3

9

$500,000 -$ 749,999

19

3

22

3

16%

0%

26

1

7

2

$750,000 - $999,999

4

4

6

0

50%

-100%

10

1

10

-

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

1

1

4

0

300%

-100%

8

1

12

-

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

1

0

1

0

0%

-

4

0

24

-

$4,000,000 AND UP

0

0

0

0

-

-

1

0

-

-

TOTALS

78

47

86

33

10%

-30%

78

24

5

4

CAPE COD | THE LOWER CAPE

17

PROPERTY ID: JCSDLH

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-JUNE 2016

CONDO

$485,950

$229,982

2017

$485,798

$300,500

% CHANGE

0%

31%

2016

135

263

2017

119

187

% CHANGE

-12%

-29%

2016

92%

95%

2017

96%

95%

% CHANGE

4%

0%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY(6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

13

11

2

14

-85%

27%

1

5

3

2

$250,000 - $499,999

79

2

90

10

14%

400%

60

10

4

6

$500,000 -$ 749,999

19

1

22

4

16%

300%

40

3

11

5

$750,000 - $999,999

5

0

8

1

60%

-

13

0

10

0

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

4

0

4

0

0%

-

8

0

12

-

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

0

0

1

0

-

-

2

0

12

-

$4,000,000 AND UP

1

0

0

0

-100%

-

4

0

-

-

121

14

127

29

5%

107%

128

18

6

4

TOTALS

18

SOLD JAN-JUNE 2017

SF

2016

sothebysrealty.com

WEB: 0403716

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-JUNE 2016

SOLD JAN-JUNE 2017

SF

CONDO

2016

$714,362

$281,670

2017

$752,520

$284,214

% CHANGE

5%

1%

2016

225

100

2017

149

90

% CHANGE

-34%

-11%

2016

95%

99%

2017

95%

97%

% CHANGE

0%

-2%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY(6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

10

0

10

-

0%

0

3

-

2

$250,000 - $499,999

26

11

15

11

-42%

0%

12

12

5

7

$500,000 -$ 749,999

22

1

18

1

-18%

0%

18

2

6

12

$750,000 - $999,999

8

0

8

0

0%

-

21

0

16

-

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

12

0

2

0

-83%

-

35

0

105

-

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

1

0

3

0

200%

-

11

0

22

-

$4,000,000 AND UP

0

0

0

0

-

-

3

0

-

-

TOTALS

69

22

46

22

-33%

0%

100

17

13

5

CAPE COD | THE LOWER CAPE

19

PROPERTY ID: 8WJ5LG

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-JUNE 2016

CONDO

$1,095,098

$520,433

2017

$893,797

$499,146

% CHANGE

-18%

-4%

2016

197

478

2017

197

366

% CHANGE

0%

-23%

2016

91%

97%

2017

95%

92%

% CHANGE

3%

-5%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY(6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

3

0

7

-

133%

0

3

-

3

$250,000 - $499,999

30

3

24

3

-20%

0%

12

11

3

22

$500,000 -$ 749,999

16

7

30

1

88%

-86%

37

4

7

24

$750,000 - $999,999

13

2

9

0

-31%

-100%

19

5

13

-

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

18

0

20

1

11%

-

62

2

19

12

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

9

0

5

1

-44%

-

35

0

42

0

$4,000,000 AND UP

2

0

0

0

-100%

-

11

0

-

-

88

15

88

13

0%

-13%

176

25

12

12

TOTALS

20

SOLD JAN-JUNE 2017

SF

2016

sothebysrealty.com

PROPERTY ID: MDPYSP

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

2016

$435,405

$253,733

2017

$533,950

$258,167

% CHANGE

23%

2%

2016

157

199

2017

133

113

% CHANGE

-15%

-43%

2016

94%

95%

2017

95%

101%

% CHANGE

1%

6%

and walks on the flats at low tide.

UNITS SOLD SOLD JAN-JUNE 2016

SOLD JAN-JUNE 2017

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY(6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

3

3

3

1

0%

-67%

0

3

0

18

$250,000 - $499,999

43

3

37

2

-14%

-33%

28

4

5

12

$500,000 -$ 749,999

6

0

15

0

150%

-

25

3

10

-

$750,000 - $999,999

0

0

9

0

-

-

6

0

4

-

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

3

0

4

0

33%

-

6

0

9

-

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

0

0

0

0

-

-

3

0

-

-

$4,000,000 AND UP

0

0

0

0

-

-

0

0

-

-

TOTALS

55

6

68

3

24%

-50%

68

10

6

20

UNDER $250,000

CAPE COD | THE LOWER CAPE

21

THE OUTER CAPE

PROPERTY ID: XX48RN

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

22

OUTER CAPE SALES JANUARY - JUNE 2017

$4,000,000 and UP $2,000,000 - $3,999,999 $1,000,000 - $1,999,999 $750,000 - $999,999 $500,000 - $749,999 $250,000 - $499,999 Under $250,000 0

10

20 2017

TOTAL UNITS SOLD OUTER CAPE

January - June

2016

2017

Under $250,000

21

9

$250,000 - $499,999

71

56

$500,000 - $749,999

60

34

$750,000 - $999,999

20

35

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

15

20

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

2

6

$4,000,000 and UP

0

0

30

40

60

70

80

2016

-34%

the number of single family homes sold in Wellfleet decreased to 29 units

+27%

the average sale price of a single family home in Truro rose to $906,607

138

days

23

50

the average number of days a single family home in Provincetown spent on the market decreased 55%, from 306 days in Q2 2016

sothebysrealty.com

PROPERTY ID: 5BGVD9

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-JUNE 2016

SOLD JAN-JUNE 2017

SF

CONDO

2016

$578,250

$161,625

2017

$640,241

$341,975

% CHANGE

11%

112%

2016

154

243

2017

180

244

% CHANGE

17%

1%

2016

97%

96%

2017

94%

98%

% CHANGE

-3%

2%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY(6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

1

4

0

2

-100%

-50%

0

6

-

18

$250,000 - $499,999

20

0

11

1

-45%

-

13

5

7

30

$500,000 - $749,999

17

0

12

1

-29%

-

17

3

9

18

$750,000 - $999,999

2

0

5

0

150%

-

8

0

10

-

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

4

0

0

0

-100%

-

8

0

-

-

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

0

0

1

0

-

-

3

0

18

-

$4,000,000 AND UP

0

0

0

0

-

-

0

0

-

-

Total

44

4

29

4

-34%

0%

49

14

10

21

UNDER $250,000

CAPE COD | THE OUTER CAPE

24

PROPERTY ID: WJE4F4

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-JUNE 2016

25

SOLD JAN-JUNE 2017

SF

CONDO

2016

$714,036

$330,250

2017

$906,607

$308,583

% CHANGE

27%

-7%

2016

250

349

2017

270

327

% CHANGE

8%

-6%

2016

93%

97%

2017

92%

94%

% CHANGE

-1%

-3%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY(6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

1

3

0

4

-100%

33%

0

16

-

24

$250,000 - $499,999

2

7

4

8

100%

14%

4

15

6

11

$500,000 - $749,999

16

0

5

0

-69%

-

20

2

24

-

$750,000 - $999,999

3

0

5

0

67%

-

17

1

20

-

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

2

0

6

0

200%

-

14

0

14

-

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

1

0

1

0

0%

-

7

0

42

-

$4,000,000 AND UP

0

0

0

0

-

-

0

0

-

-

Total

25

10

21

12

-16%

20%

62

34

18

17

sothebysrealty.com

PROPERTY ID: T532MJ

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

2016

$1,101,078

$488,790

2017

$1,321,957

$602,944

% CHANGE

20%

23%

2016

306

146

2017

138

130

% CHANGE

-55%

-11%

2016

93%

95%

2017

96%

96%

% CHANGE

3%

1%

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

UNITS SOLD SOLD JAN-JUNE 2016

SOLD JAN-JUNE 2017

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (6-30-17)

# MONTHS OF INVENTORY(6-30-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

12

0

3

-

-75%

0

5

-

10

$250,000 - $499,999

2

40

0

32

-100%

-20%

1

27

-

5

$500,000 - $749,999

3

24

3

13

0%

-46%

0

26

0

12

$750,000 - $999,999

3

12

6

19

100%

58%

9

16

9

5

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

6

3

10

4

67%

33%

14

3

8

5

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

1

0

4

0

300%

-

8

1

12

-

$4,000,000 AND UP

0

0

0

0

-

-

0

0

-

-

Total

15

91

23

71

53%

-22%

32

78

8

7

CAPE COD | THE OUTER CAPE

26

MASTERPIECES IN THE MAKING

TM

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

New York +1 212 894 1400 | London +44 20 7293 6430 | Hong Kong +852 2822 8179 | sothebysdiamonds.com SoTHEbY’S, INC. LICENSE No. 1216058. © SoTHEbY’S, INC. 2016