Cape Cod Market Update | Q2 2016

WEB: 0401801

Cape Cod Market Update Second 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

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.

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.

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: 0840922

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 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

100

200

300

400

500

600

Marketwide, the Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q2 2016 versus January - June

Q2 2015:

TOTAL UNITS SOLD UPPER CAPE

2015

2016

UNDER $250,000

147

149

$250,000 - $499,999

426

491

$500,000 -$ 749,999

96

129

condominium average sale price. Bourne single family unit

$750,000 - $999,999

32

36

sales were up 7% and condominiums were up 20% from 15

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

19

37

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

7

8

$4,000,000 AND UP

1

1

•

The number of units sold in the Upper Cape has increased by 17% in 2016 as compared to 2015.

•

Bourne has experienced a 32% increase in the average selling price of a single family unit and a 10% decrease in

units to 18 units •

Falmouth single family units were up 11% and condominium sales have increased 31%, from 26 units to 34 units.

Falmouth has seen a 7% increase in the average sales price of single family homes while there has been a reduction of 4% in the average sales price of condominiums.

•

Sandwich single family unit sales have increased by 58%.

Sandwich’s average sales price of a single family home has decreased by 1%.

•

Single family sales in Mashpee have increased by 11% and condominiums declined by 16%. There has been a 2% increase in the average sales price of single family homes and a 7% increase in the average sales price of condominiums.

4

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WEB: 0403357

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

Bourne straddles the Cape Cod Canal, and is considered the gateway to Cape Cod. Bourne includes the villages of Buzzards Bay, Sagamore, Pocasset, Cataumet and a portion of the Massachusetts Military Reservation. Positioned as it is, Bourne provides an ideal spot for anyone who needs to commute to Boston, but also enjoys the relaxed lifestyle of Cape Cod. The miles of trails along the Cape Cod Canal are wonderful for bike riding, or just watching the boats as the travel through the canal.

Bourne is also the home to the Massachusetts Maritime Academy.

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2015

SOLD JAN-JUN 2016

SF

CONDO

2015

$352,999

$261,900

2016

$464,881

$235,444

% CHANGE

32%

-10%

2015

139

140

2016

122

98

% CHANGE

-12%

-30%

2015

96%

98%

2016

95%

95%

% CHANGE

-1%

-3%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

19

9

18

12

-5%

33%

5

7

2

4

$250,000 - $499,999

63

5

62

5

-2%

0%

54

13

5

16

$500,000 -$ 749,999

8

1

12

1

50%

0%

34

0

17

0

$750,000 - $999,999

4

0

3

0

-25%

0%

15

8

30

-

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

0

0

4

0

100%

0%

11

1

17

-

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

0

0

1

0

100%

0%

9

0

54

-

$4,000,000 AND UP

0

0

1

0

100%

0%

1

0

6

-

TOTALS

94

15

101

18

7%

20%

129

29

8

10

CAPE COD | THE UPPER CAPE

5

WEB: 0841020

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

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2015

CONDO

$476,413

$388,846

2016

$510,833

$372,013

% CHANGE

7%

-4%

2015

150

116

2016

139

167

% CHANGE

-7%

44%

2015

93%

96%

2016

94%

97%

% CHANGE

1%

1%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

45

3

51

6

13%

100%

7

6

1

6

$250,000 - $499,999

131

17

139

23

6%

35%

96

24

4

6

$500,000 -$ 749,999

51

6

50

5

-2%

-17%

67

5

8

6

$750,000 - $999,999

10

0

22

0

120%

0%

32

1

9

-

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

12

0

16

0

33%

0%

41

1

15

-

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

5

0

5

0

0%

0%

22

0

26

-

$4,000,000 AND UP

0

0

0

0

0%

0%

11

0

-

-

254

26

283

34

11%

31%

276

37

6

7

TOTALS

6

SOLD JAN-JUN 2016

SF

2015

sothebysrealty.com

WEB: 0403337

SANDWICH The oldest town on Cape Cod, Sandwich reflects its colonial heritage to this day. Within the village, many historic homes have been restored and repurposed as quaint B&Bs, restaurants or shops. There is also a wealth of historic sites and museums sprinkled throughout town. For the

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

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

AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2015

SOLD JAN-JUN 2016

SF

CONDO

2015

$406,235

$218,857

2016

$400,859

$194,129

% CHANGE

-1%

-11%

2015

136

174

2016

143

123

% CHANGE

5%

-29%

2015

96%

95%

2016

96%

96%

% CHANGE

0%

0%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

19

5

12

9

-37%

80%

4

6

2

4

$250,000 - $499,999

92

2

152

0

65%

-100%

78

5

3

-

$500,000 -$ 749,999

10

0

36

0

260%

0%

46

0

8

-

$750,000 - $999,999

8

0

4

0

-50%

0%

21

0

32

-

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

1

0

3

0

200%

0%

13

0

26

-

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

1

0

0

0

-100%

0%

5

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

131

7

207

9

58%

29%

167

11

5

7

TOTALS

CAPE COD | THE UPPER CAPE

7

WEB: 0841116

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

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

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

AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2015

CONDO

$524,088

$315,197

2016

$536,859

$335,694

% CHANGE

2%

7%

2015

160

143

2016

161

124

% CHANGE

1%

-13%

2015

94%

97%

2016

95%

97%

% CHANGE

2%

0%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

14

33

18

23

29%

-30%

4

14

1

4

$250,000 - $499,999

68

48

65

45

-4%

-6%

59

28

5

4

$500,000 -$ 749,999

14

6

20

5

43%

-17%

66

24

20

29

$750,000 - $999,999

9

1

7

0

-22%

-100%

35

6

30

-

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

6

0

13

1

117%

100%

56

3

26

18

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

1

0

2

0

100%

0%

15

0

45

-

$4,000,000 AND UP

1

0

0

0

-100%

0%

3

0

-

-

113

88

125

74

11%

-16%

238

75

11

6

TOTALS

8

SOLD JAN-JUN 2016

SF

2015

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ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 00110466 | $3,999,000 SAN FRANCISCO, CA | Web: 0088050 | $3,595,000 LOS ANGELES, CA | Web: 0027432 | $3,295,000 RESORT MARKETS SOUTHAMPTON, NY | Web: 0057018 | $3,595,000 SANTA BARBARA, CA | Web: 0593031 | $3,495,000 PALM BEACH | Web: 0076791 | $3,120,000 FOREIGN MARKETS ITALY | Web: G8QJ7C | $3,894,948 FRANCE | Web: BR6KFJ | $3,883,819 ENGLAND | Web: HTTEJ6 | $3,852,285 sothebysrealty.com

9

AUCTION CALENDAR JUL | AUG | SEPT 2016

Old Master and British Works on Paper Including drawings from the Oppé Collection London 05-06 July Celebration of the English Watch Part II: John Harrison’s Enduring Discovery London 07 July Victorian, Pre-Raphaelite & British Impressionist Art London 14 July Contemporary Living New York 28 July RM Sotheby’s: Motor City Michigan 30 July

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. 2016

10

RM Sotheby’s: Monterey Monterey 19 August A Unique Crystal Magnum Decanter of Special Louis XIII Cognac Engraved with a Map of the Americas & Finest & Rarest Wines New York 09-10 September Asia Week New York 13-17 September Important Jewels New York 22 September Contemporary Curated New York 29 September

CRYSTAL MAGNUM DECANTER OF UNIQUE LOUIS XIII COGNAC AMERICAS EDITION Estimate $100,000+ New York 10 September An Asia and Europe edition were also commissioned and will be offered in Hong Kong on 1 October and in London on 16 November, respectively

THE MID CAPE

WEB: 0402942

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

CAPE COD | THE MID CAPE

11

MID CAPE SALES JANUARY - JUNE 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

100

200

300

400

500

600

# UNITS SOLD

January - June

TOTAL UNITS SOLD MID CAPE

2015

2016

UNDER $250,000

244

264

$250,000 - $499,999

412

535

$500,000 -$ 749,999

73

68

$750,000 - $999,999

24

28

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

15

31

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

11

11

$4,000,000 AND UP

3

2

Marketwide, the Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q2 2016 versus Q2 2015: •

The number of units sold in the Mid Cape has increased by 20% in 2016 as compared to 2015.

•

Barnstable’s average sales price in single family homes has decreased 3%, while the average sales price of condominiums has increased 10%.

•

Over the same time frame, in Barnstable, single family units were up 27%, however condominiums were down 13%

•

Yarmouth’s single family units were up 23% and condominiums were up 23%.

•

12

Dennis’ single family units increased 34% for 2016 vs 2015.

sothebysrealty.com

WEB: 0403099

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

$515,792

$203,013

2016

$499,866

$222,549

% CHANGE

-3%

10%

2015

137

166

2016

134

171

% CHANGE

-2%

3%

2015

93%

96%

2016

93%

96%

% CHANGE

0%

0%

ferry service to Nantucket and Martha’s Vineyard.

UNITS SOLD SOLD JAN-JUN 2015

SOLD JAN-JUN 2016

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

59

31

75

28

27%

-10%

17

13

1

3

$250,000 - $499,999

184

13

227

9

23%

-31%

147

14

4

9

$500,000 -$ 749,999

30

1

38

2

27%

100%

106

7

17

21

$750,000 - $999,999

8

0

13

0

63%

0%

52

1

24

-

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

10

0

22

0

120%

0%

79

1

22

-

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

9

0

9

0

0%

0%

34

0

23

-

$4,000,000 AND UP

3

0

2

0

-33%

0%

24

0

72

-

303

45

386

39

27%

-13%

459

36

7

6

TOTALS

CAPE COD | THE MID CAPE

13

WEB: 0403359

YARMOUTH Yarmouth consists of the villages of Yarmouth Port, Bass River, Great Island, South Yarmouth, West Yarmouth and Yarmouth. With shorelines along both the north and the south side of the Cape, each of Yarmouth’s villages has its own distinct character. In Yarmouth Port on the north side, along historic Route 6A the quaint meandering road is highlighted by antique sea captains’ homes, antique shops, fine restaurants and historic spots. While, along the south shore the warm waters of Nantucket Sound lap at the shores of sandy beaches just minutes from Route 28 and its many attractions and restaurants.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2015

CONDO

$346,721

$229,425

2016

$320,468

$238,000

% CHANGE

-8%

4%

2015

132

94

2016

108

186

% CHANGE

-18%

98%

2015

96%

96%

2016

96%

96%

% CHANGE

0%

0%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

65

26

84

34

29%

31%

17

26

1

5

$250,000 - $499,999

120

14

156

15

30%

7%

88

9

3

4

$500,000 -$ 749,999

13

0

8

0

-38%

0%

37

1

28

-

$750,000 - $999,999

6

0

4

0

-33%

0%

12

1

18

-

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

2

0

2

0

0%

0%

19

0

57

-

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

1

0

1

0

0%

0%

6

0

36

-

$4,000,000 AND UP

0

0

0

0

0%

0%

3

0

-

-

207

40

255

49

23%

23%

182

37

4

5

TOTALS

14

SOLD JAN-JUN 2016

SF

2015

sothebysrealty.com

MLS ID: 21605141

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

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2015

SOLD JAN-JUN 2016

SF

CONDO

2015

$440,864

$220,896

2016

$424,046

$196,013

% CHANGE

-4%

-11%

2015

143

141

2016

116

98

% CHANGE

-19%

-30%

2015

95%

100%

2016

95%

99%

% CHANGE

0%

-1%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

26

37

23

20

-12%

-46%

15

36

4

11

$250,000 - $499,999

71

10

122

6

72%

-40%

67

19

3

19

$500,000 -$ 749,999

25

4

19

1

-24%

-75%

36

1

11

6

$750,000 - $999,999

10

0

10

1

0%

100%

17

1

10

6

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

3

0

7

0

133%

0%

20

1

17

-

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

1

0

1

0

0%

0%

10

0

60

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

136

51

182

28

34%

-45%

166

58

5

12

TOTALS

CAPE COD | THE MID CAPE

15

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 0138486 | $5,600,000 LOS ANGELES, CA | Web: 0308644 | $5,555,000 HOUSTON, TX | Web: 1233885 | $5,495,000 RESORT MARKETS MONTECITO, CA | Web: 0113991 | $5,950,000 SONOMA, CA | Web: 0244108 | $5,850,000 EAST HAMPTON, NY | Web: 0047323 | $4,995,000 FOREIGN MARKETS ISRAEL | Web: WPKBBF | $5,973,871 THAILAND | Web: 3WLKEC | $5,700,000 IBIZA | Web: RCQ57V | $5,508,569 sothebysrealty.com

16

THE LOWER CAPE

MLS ID: 21606072

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

CAPE COD | THE LOWER CAPE

17

LOWER CAPE SALES JANUARY - JUNE 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

50

100

150

200

250

300

# UNITS SOLD

January - June

TOTAL UNITS SOLD LOWER CAPE

Marketwide, the Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q2 2016 versus Q2 2015:

2015

2016

UNDER $250,000

72

72

$250,000 - $499,999

251

253

$500,000 -$749,999

91

90

$750,000 - $999,999

31

36

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

42

39

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

11

11

$4,000,000 AND UP

0

3

•

The five towns comprising the Lower Cape have experienced a relatively flat level of activity in 2016 when compared to 2015. The number of units sold in the Lower Cape was up by about 1% in 2016 as compared to 2015.

•

Brewster saw a 6% decrease in single family unit sales year over year, and condominiums were up by 31%.

•

Similar to Brewster, Harwich single family units were down as well versus last year. Harwich performed with an 11% decrease in single family sales and a 26% decrease in sales of condominium units.

•

Orleans experienced a 9% decrease in average sales price for single family homes, while condominium prices increased 9%.

•

Chatham experienced an increase in average sales price for single family homes year over year of 27% while Eastham posted a decline of 7%.

18

sothebysrealty.com

MLS ID: 21603248

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-JUN 2015

SOLD JAN-JUN 2016

SF

CONDO

2015

$500,407

$236,321

2016

$509,888

$319,860

% CHANGE

2%

35%

2015

122

138

2016

146

135

% CHANGE

20%

-2%

2015

95%

96%

2016

96%

97%

% CHANGE

1%

1%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

3

27

1

27

-67%

0%

0

10

0

2

$250,000 - $499,999

53

6

50

11

-6%

83%

32

13

4

7

$500,000 -$ 749,999

16

1

19

3

19%

200%

28

3

9

6

$750,000 - $999,999

1

1

4

4

300%

300%

15

3

23

5

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

7

0

1

1

-86%

100%

9

2

54

12

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

1

0

1

0

0%

0%

8

0

48

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

81

35

76

46

-6%

31%

92

31

7

4

CAPE COD | THE LOWER CAPE

19

MLS ID: 21604798

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

AVERAGE SALES PRICE

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

AVERAGE DAYS ON MARKET

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

AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2015

CONDO

$459,338

$274,263

2016

$487,919

$229,982

% CHANGE

6%

-16%

2015

167

225

2016

132

263

% CHANGE

-21%

17%

2015

95%

93%

2016

92%

95%

% CHANGE

-3%

2%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

11

13

13

11

18%

-15%

2

14

1

8

$250,000 - $499,999

90

3

77

2

-14%

-33%

65

13

5

39

$500,000 -$ 749,999

22

3

18

1

-18%

-67%

34

9

11

54

$750,000 - $999,999

3

0

5

0

67%

0%

21

0

25

-

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

4

0

4

0

0%

0%

12

0

18

-

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

2

0

0

0

-100%

0%

3

0

-

-

$4,000,000 AND UP

0

0

1

0

100%

0%

3

0

18

-

132

19

118

14

-11%

-26%

140

36

7

15

TOTALS

20

SOLD JAN-JUN 2016

SF

2015

sothebysrealty.com

MLS ID: 21605456

ORLEANS Orleans is the hub of the Lower Cape, with a large downtown which hosts many fine restaurants, shops and services. From picturesque Rock Harbor on its north side to the peaceful shelter of Town Cove off the Atlantic on the south, Orleans has something for everyone. Take in a free Cape Cod Baseball League game and cheer on the Orleans Firebirds in Eldredge Park, or bring a blanket or beach chair to sit on the lawn and enjoy the Pops in the Park during the summer. Spend the day at world-famous Nauset Beach relaxing on the sand, or bring your kite to Skaket Beach along Cape Cod Bay. There is never a shortage of things to do in Orleans.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD

SF

CONDO

2015

$793,164

$257,400

2016

$724,015

$281,670

% CHANGE

-9%

9%

2015

182

110

2016

215

100

% CHANGE

18%

-9%

2015

95%

95%

2016

95%

99%

% CHANGE

0%

4%

INVENTORY

SOLD JAN-JUN 2015

SOLD JAN-JUN 2016

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

1

8

0

10

-100%

25%

1

2

-

1

$250,000 - $499,999

18

1

25

11

39%

1000%

14

1

3

1

$500,000 -$ 749,999

17

1

19

1

12%

0%

18

1

6

6

$750,000 - $999,999

9

0

8

0

-11%

0%

14

0

11

-

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

9

0

12

0

33%

0%

23

0

12

-

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

3

0

1

0

-67%

0%

15

0

90

-

$4,000,000 AND UP

0

0

0

0

0%

0%

3

0

-

-

TOTALS

57

10

65

22

14%

120%

88

4

8

1

UNDER $250,000

CAPE COD | THE LOWER CAPE

% CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

21

MLS ID: 21511289

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

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

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

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

UNITS SOLD

CONDO

$867,720

$354,611

2016

$1,103,317

$520,433

% CHANGE

27%

47%

2015

163

145

2016

193

478

% CHANGE

18%

230%

2015

95%

94%

2016

92%

97%

% CHANGE

-4%

4%

INVENTORY

SOLD JAN-JUN 2015

SOLD JAN-JUN 2016

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

1

3

0

3

-100%

0%

0

5

-

10

$250,000 - $499,999

29

5

29

3

0%

-40%

29

7

6

14

$500,000 -$ 749,999

17

1

16

7

-6%

600%

46

4

17

3

$750,000 - $999,999

15

0

13

2

-13%

100%

15

6

7

18

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

20

0

18

0

-10%

0%

66

3

22

-

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

5

0

9

0

80%

0%

33

0

22

-

$4,000,000 AND UP

0

0

2

0

100%

0%

12

0

36

-

TOTALS

87

9

87

15

0%

67%

201

25

14

10

UNDER $250,000

22

SF

2015

% CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

sothebysrealty.com

MLS ID: 21605265

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

$462,360

$251,050

2016

$430,219

$249,700

% CHANGE

-7%

-1%

2015

162

192

2016

156

221

% CHANGE

-4%

15%

2015

94%

93%

2016

93%

94%

% CHANGE

-1%

1%

and walks on the flats at low tide.

UNITS SOLD

INVENTORY

SOLD JAN-JUN 2015

SOLD JAN-JUN 2016

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

2

3

4

3

100%

0%

1

6

2

12

$250,000 - $499,999

44

2

43

2

-2%

0%

35

3

5

9

$500,000 -$ 749,999

13

0

6

0

-54%

0%

19

0

19

-

$750,000 - $999,999

2

0

0

0

-100%

0%

9

0

-

-

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

2

0

3

0

50%

0%

8

0

16

-

$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

63

5

56

5

-11%

0%

73

9

8

11

UNDER $250,000

CAPE COD | THE LOWER CAPE

% CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

23

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

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24

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THE OUTER CAPE

MLS ID: 21604269

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

CAPE COD | THE OUTER CAPE

25

OUTER CAPE SALES JANUARY - JUNE 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

10

20

30

January - June

TOTAL UNITS SOLD OUTER CAPE

40

50

60

70

80

Marketwide, the Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q2 2016 versus

2015

2016

UNDER $250,000

26

21

$250,000 - $499,999

64

69

$500,000 -$ 749,999

43

60

$750,000 - $999,999

9

21

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

8

15

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

3

2

$4,000,000 AND UP

2

0

Q2 2015: •

The Outer Cape experienced a 21% increase in unit sales year over year.

•

Wellfleet sales of single family units increased 139%, from 18 units to 43 units, while pricing decreased by 42%.

Condominiums are down by 15% in average sales price with a 43% reduction in unit sales.

•

Truro performed with a 25% increase in single family sales and a 60% decrease in sales of condominium units.

•

Provincetown saw a 26% increase in the average sales price of single family homes and an 8% increase in the sales price of condominium units. Unit sales were down 11% for single family homes and condominiums were up 34%.

26

sothebysrealty.com

MLS ID: 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-JUN 2015

SOLD JAN-JUN 2016

SF

CONDO

2015

$1,011,089

$182,643

2016

$582,628

$155,875

% CHANGE

-42%

-15%

2015

155

96

2016

150

242

% CHANGE

-3%

152%

2015

94%

96%

2016

97%

96%

% CHANGE

3%

0%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

2

6

1

4

-50%

-33%

0

5

0

8

$250,000 - $499,999

6

1

19

0

217%

-100%

18

3

6

-

$500,000 -$ 749,999

6

0

17

0

183%

0%

24

3

8

-

$750,000 - $999,999

0

0

2

0

100%

0%

10

0

30

-

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

2

0

4

0

100%

0%

11

0

17

-

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

0

0

0

0

0%

0%

4

0

-

-

$4,000,000 AND UP

2

0

0

0

-100%

0%

0

0

-

-

TOTALS

18

7

43

4

139%

-43%

67

11

9

17

CAPE COD | THE OUTER CAPE

27

MLS ID: 21605005

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

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD

28

SOLD JAN-JUN 2015

SOLD JAN-JUN 2016

SF

CONDO

2015

$885,760

$318,164

2016

$714,036

$330,250

% CHANGE

-19%

4%

2015

191

145

2016

249

348

% CHANGE

30%

140%

2015

93%

97%

2016

93%

97%

% CHANGE

0%

0%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

7

1

3

100%

-57%

0

8

0

16

$250,000 - $499,999

3

18

2

7

-33%

-61%

1

25

3

21

$500,000 -$ 749,999

10

0

16

0

60%

0%

22

3

8

-

$750,000 - $999,999

3

0

3

0

0%

0%

19

0

38

-

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

2

0

2

0

0%

0%

18

0

54

-

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

2

0

1

0

-50%

0%

8

0

48

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

20

25

25

10

25%

-60%

69

36

17

22

sothebysrealty.com

MLS ID: 21605693

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

$867,139

$452,435

2016

$1,089,448

$489,054

% CHANGE

26%

8%

2015

200

141

2016

296

147

% CHANGE

48%

4%

2015

91%

96%

2016

93%

95%

% CHANGE

3%

-1%

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

UNITS SOLD SOLD JAN-JUN 2015

SOLD JAN-JUN 2016

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (7-1-16)

# MONTHS OF INVENTORY (7-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

1

10

0

12

-100%

20%

0

4

-

2

$250,000 - $499,999

5

31

2

39

-60%

26%

0

46

0

7

$500,000 -$ 749,999

5

22

3

24

-40%

9%

2

33

4

8

$750,000 - $999,999

3

3

4

12

33%

300%

7

11

11

6

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

3

1

6

3

100%

200%

16

9

16

18

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

1

0

1

0

0%

0%

9

2

54

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

18

67

16

90

-11%

34%

35

105

13

7

CAPE COD | THE OUTER CAPE

29

AN EXQUISITE DIAMOND DESERVES AN EXCLUSIVE SETTING.

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