Cape Cod Market Update | Q1 2017

Cape Cod Market Update First 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

sothebyshomes.com

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.

sothebysrealty.com

THE UPPER CAPE

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

CAPE COD | THE UPPER CAPE

3

UPPER CAPE SALES JANUARY - MARCH 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

TOTAL UNITS SOLD UPPER CAPE

January - March

2016

2017

Under $250,000

69

48

$250,000 - $499,999

180

225

$500,000 - $749,999

40

52

$750,000 - $999,999

13

15

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

6

9

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

4

3

$4,000,000 and UP

0

1

150

250

2016

+32 % 114

days

+2 % 55

units 4

200

the number of single family homes sold in Bourne has increased to 50 average number of days single family homes in Sandwich were on the market decreased by 26% the average sale price of a single family home in Falmouth grew to $473,317 the number of single family homes sold in Mashpee rose 38%

sothebysrealty.com

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-MARCH 2016

SOLD JAN-MARCH 2017

SF

CONDO

2016

$492,771

$250,889

2017

$445,900

$349,954

% CHANGE

-10%

39%

2016

135

80

2017

151

97

% CHANGE

11%

21%

2016

95%

94%

2017

95%

97%

% CHANGE

1%

3%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY (3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

6

5

5

2

-17%

-60%

9

4

5

6

$250,000 - $499,999

22

3

35

6

59%

100%

32

13

3

7

$500,000 -$ 749,999

6

1

7

0

17%

-100%

24

0

10

-

$750,000 - $999,999

1

0

1

0

0%

-

13

2

39

-

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

2

0

1

0

-50%

-

7

1

21

-

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

1

0

1

0

0%

-

7

0

21

-

$4,000,000 AND UP

0

0

0

0

-

-

1

0

-

-

TOTALS

38

9

50

8

32%

-11%

93

20

6

8

CAPE COD | THE UPPER CAPE

5

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-MARCH 2016

6

SOLD JAN-MARCH 2017

SF

CONDO

2016

$462,438

$337,308

2017

$473,317

$342,346

% CHANGE

2%

1%

2016

156

184

2017

130

150

% CHANGE

-17%

-19%

2016

94%

96%

2017

95%

91%

% CHANGE

2%

-5%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY (3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

24

3

10

2

-58%

-33%

14

1

4

2

$250,000 - $499,999

45

8

75

10

67%

25%

78

12

3

4

$500,000 -$ 749,999

10

2

18

1

80%

-50%

60

5

10

15

$750,000 - $999,999

7

0

5

0

-29%

-

29

1

17

-

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

3

0

6

0

100%

-

28

0

14

-

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

2

0

1

0

-50%

-

23

0

69

-

$4,000,000 AND UP

0

0

0

0

-

-

6

0

-

-

TOTALS

91

13

115

13

26%

0%

238

19

6

4

sothebysrealty.com

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-MARCH 2016

SOLD JAN-MARCH 2017

SF

CONDO

2016

$393,043

$179,444

2017

$388,849

$215,221

% CHANGE

-1%

20%

2016

154

127

2017

114

168

% CHANGE

-26%

32%

2016

96%

96%

2017

96%

98%

% CHANGE

0%

1%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY(3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

7

6

4

6

-43%

0%

4

7

3

4

$250,000 - $499,999

55

0

53

1

-4%

-

59

1

3

3

$500,000 -$ 749,999

16

0

11

0

-31%

-

36

0

10

-

$750,000 - $999,999

3

0

1

0

-67%

-

20

0

60

-

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

0

0

0

0

-

-

13

0

-

-

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

0

0

0

0

-

-

4

0

-

-

$4,000,000 AND UP

0

0

0

0

-

-

0

0

-

-

TOTALS

81

6

69

7

-15%

17%

136

8

6

3

UNDER $250,000

CAPE COD | THE UPPER CAPE

7

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-MARCH 2016

CONDO

$440,570

$320,603

2017

$590,739

$342,335

% CHANGE

34%

7%

2016

192

113

2017

142

88

% CHANGE

-26%

-22%

2016

96%

98%

2017

93%

97%

% CHANGE

-2%

-1%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY(3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

9

9

5

14

-44%

56%

4

17

2

4

$250,000 - $499,999

24

23

32

13

33%

-43%

51

39

5

9

$500,000 -$ 749,999

3

2

6

9

100%

350%

57

27

29

9

$750,000 - $999,999

2

0

8

0

300%

-

36

5

14

-

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

1

0

2

0

100%

-

38

4

57

-

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

1

0

1

0

0%

-

10

0

30

-

$4,000,000 AND UP

0

0

1

0

-

-

6

0

18

-

40

34

55

36

38%

6%

202

92

11

8

TOTALS

8

SOLD JAN-MARCH 2017

SF

2016

sothebysrealty.com

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS SAN FRANCISCO, CA | Web: 0088455 | $999,000 NEW YORK, NY | Web: 00111183 | $999,000 HOUSTON, TX | Web: 1235348 | $997,000 RESORT MARKETS HAMPTONS, NY | Web: 0047503 | $999,000 SANTA FE, NM | Web: 0565485 | $995,000 CAPE COD, MA | Web: 0841245 | $839,000 FOREIGN MARKETS GREECE | Web: FRSRHJ | 930.000 € EUR FRANCE | Web: 2NH833 | 930.000 € EUR PORTUGAL | Web: 3L9ZJT | 910.000 € EUR 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 - MARCH 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

TOTAL UNITS SOLD MID CAPE

11

2016

2017

Under $250,000

105

83

$250,000 - $499,999

185

220

$500,000 - $749,999

23

28

$750,000 - $999,999

8

8

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

12

14

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

7

4

$4,000,000 and UP

1

1

200

250

2016

166

January - March

150

units

the number of single family homes in Barnstable rose by 12%

23%

the average sale price of a single family home in Dennis increased to $475,152

100

the average number of days a condominium spent on the market in Yarmouth decreased by 63%

days

sothebysrealty.com

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

$541,614

$163,400

2017

$512,566

$192,722

% CHANGE

-5%

18%

2016

168

103

2017

153

109

% CHANGE

-9%

6%

2016

91%

95%

2017

94%

97%

% CHANGE

4%

1%

ferry service to Nantucket and Martha’s Vineyard.

UNITS SOLD SOLD JAN-MARCH 2016

SOLD JAN-MARCH 2017

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY(3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

26

15

27

6

4%

-60%

20

21

2

11

$250,000 - $499,999

88

1

109

3

24%

200%

112

17

3

17

$500,000 -$ 749,999

16

0

13

0

-19%

-

71

9

16

-

$750,000 - $999,999

4

0

3

0

-25%

-

29

1

29

-

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

7

0

10

0

43%

-

67

1

20

-

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

6

0

3

0

-50%

-

31

0

31

-

$4,000,000 AND UP

1

0

1

0

0%

-

25

0

75

-

148

16

166

9

12%

-44%

355

49

6

16

TOTALS

CAPE COD | THE MID CAPE

12

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-MARCH 2016

13

SOLD JAN-MARCH 2017

SF

CONDO

2016

$338,149

$217,118

2017

$347,695

$206,189

% CHANGE

3%

-5%

2016

133

273

2017

104

100

% CHANGE

-21%

-63%

2016

96%

97%

2017

95%

99%

% CHANGE

-1%

2%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY(3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

35

13

19

16

-46%

23%

19

26

3

5

$250,000 - $499,999

51

4

70

2

37%

-50%

86

11

4

17

$500,000 -$ 749,999

4

0

5

0

25%

-

25

0

15

-

$750,000 - $999,999

1

0

1

0

0%

-

16

1

48

-

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

2

0

1

0

-50%

-

16

0

48

-

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

1

0

1

0

0%

-

8

0

24

-

$4,000,000 AND UP

0

0

0

0

-

-

1

0

-

-

TOTALS

94

17

97

18

3%

6%

171

38

5

6

sothebysrealty.com

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-MARCH 2016

SOLD JAN-MARCH 2017

SF

CONDO

2016

$386,135

$149,300

2017

$475,152

$168,752

% CHANGE

23%

13%

2016

121

135

2017

109

118

% CHANGE

-10%

-12%

2016

95%

97%

2017

95%

99%

% CHANGE

1%

2%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY(3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

11

5

3

12

-73%

140%

11

26

11

7

$250,000 - $499,999

40

1

33

3

-18%

200%

70

19

6

19

$500,000 -$ 749,999

3

0

9

1

200%

-

38

2

13

6

$750,000 - $999,999

3

0

4

0

33%

-

11

3

8

-

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

3

0

3

0

0%

-

26

1

26

-

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

0

0

0

0

-

-

7

0

-

-

$4,000,000 AND UP

0

0

0

0

-

-

1

0

-

-

60

6

52

16

-13%

167%

164

51

9

10

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 - DECEMBER 2016

$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

20

40 2017

TOTAL UNITS SOLD LOWER CAPE

January - March

2016

2017

Under $250,000

31

26

$250,000 - $499,999

90

90

$500,000 - $749,999

30

38

$750,000 - $999,999

15

15

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

15

17

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

4

2

$4,000,000 and UP

1

0

60

100

2016

-42%

the number of single family homes sold in Orleans decreased to 14

+31%

the average sale price of a single family home in Eastham rose to $591,867

172

the average number of days a condominium spent on the market in Harwich decreased by 62%

days

10

units -29%

16

80

the total number of condominums sold in Brewster decreased by 50% the average sale price of a single family home in Chatham decreased to $898,573

sothebysrealty.com

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-MARCH 2016

SOLD JAN-MARCH 2017

SF

CONDO

2016

$470,645

$315,614

2017

$493,048

$190,550

% CHANGE

5%

-40%

2016

142

138

2017

161

100

% CHANGE

14%

-28%

2016

96%

96%

2017

96%

97%

% CHANGE

1%

1%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY(3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

12

0

9

-

-25%

0

8

-

3

$250,000 - $499,999

18

5

20

1

11%

-80%

28

10

4

30

$500,000 -$ 749,999

8

1

11

0

38%

-100%

22

1

6

-

$750,000 - $999,999

2

1

0

0

-100%

-100%

10

0

-

-

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

0

1

2

0

-

-100%

6

1

9

-

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

0

0

0

0

-

-

3

0

-

-

$4,000,000 AND UP

0

0

0

0

-

-

1

0

-

-

TOTALS

28

20

33

10

18%

-50%

70

20

6

6

CAPE COD | THE LOWER CAPE

17

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-MARCH 2016

CONDO

$387,731

$208,667

2017

$442,010

$277,542

% CHANGE

14%

33%

2016

131

451

2017

159

172

% CHANGE

22%

-62%

2016

96%

96%

2017

94%

95%

% CHANGE

-2%

0%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY(3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

7

2

1

6

-86%

200%

1

10

3

5

$250,000 - $499,999

28

1

37

4

32%

300%

48

5

4

4

$500,000 -$ 749,999

5

0

8

2

60%

-

23

4

9

6

$750,000 - $999,999

1

0

2

0

100%

-

14

0

21

-

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

1

0

1

0

0%

-

9

0

27

-

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

0

0

0

0

-

-

1

0

-

-

$4,000,000 AND UP

0

0

0

0

-

-

4

0

-

-

TOTALS

42

3

49

12

17%

300%

100

19

6

5

UNDER $250,000

18

SOLD JAN-MARCH 2017

SF

2016

sothebysrealty.com

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-MARCH 2016

SOLD JAN-MARCH 2017

SF

CONDO

2016

$811,342

$231,871

2017

$851,500

$214,650

% CHANGE

5%

-7%

2016

248

78

2017

138

111

% CHANGE

-45%

43%

2016

94%

100%

2017

93%

97%

% CHANGE

0%

-2%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY(3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

7

0

5

-

-29%

0

3

-

2

$250,000 - $499,999

8

5

2

1

-75%

-80%

15

9

23

27

$500,000 -$ 749,999

4

0

5

0

25%

-

16

2

10

-

$750,000 - $999,999

5

0

5

0

0%

-

13

0

8

-

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

7

0

1

0

-86%

-

18

0

54

-

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

0

0

1

0

-

-

14

0

42

-

$4,000,000 AND UP

0

0

0

0

-

-

1

0

-

-

TOTALS

24

12

14

6

-42%

-50%

77

14

17

7

CAPE COD | THE LOWER CAPE

19

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-MARCH 2016

20

SOLD JAN-MARCH 2017

SF

CONDO

2016

$1,261,771

$638,625

2017

$898,573

$276,343

% CHANGE

-29%

-57%

2016

220

440

2017

176

288

% CHANGE

-20%

-34%

2016

90%

98%

2017

93%

96%

% CHANGE

3%

-2%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY(3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

0

0

4

-

-

0

5

-

4

$250,000 - $499,999

10

0

8

2

-20%

-

20

6

8

9

$500,000 -$ 749,999

5

4

8

1

60%

-75%

38

2

14

6

$750,000 - $999,999

6

0

6

0

0%

-

17

4

9

-

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

5

0

9

0

80%

-

58

1

19

-

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

4

0

1

0

-75%

-

31

0

93

-

$4,000,000 AND UP

1

0

0

0

-100%

-

8

0

-

-

TOTALS

31

4

32

7

3%

75%

172

18

16

8

sothebysrealty.com

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

$452,658

$222,500

2017

$591,867

$282,250

% CHANGE

31%

27%

2016

198

220

2017

145

83

% CHANGE

-27%

-62%

2016

92%

93%

2017

95%

103%

% CHANGE

2%

11%

and walks on the flats at low tide.

UNITS SOLD SOLD JAN-MARCH 2016

SOLD JAN-MARCH 2017

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY(3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

1

2

1

0

0%

-100%

1

2

3

-

$250,000 - $499,999

14

1

13

2

-7%

100%

31

2

7

3

$500,000 -$ 749,999

3

0

3

0

0%

-

23

3

23

-

$750,000 - $999,999

0

0

2

0

-

-

7

0

11

-

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

1

0

4

0

300%

-

4

0

3

-

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

0

0

0

0

-

-

3

0

-

-

$4,000,000 AND UP

0

0

0

0

-

-

0

0

-

-

TOTALS

19

3

23

2

21%

-33%

69

7

9

11

CAPE COD | THE LOWER CAPE

21

THE OUTER CAPE

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 - SEPTEMBER 2016

$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

5

10 2017

TOTAL UNITS SOLD OUTER CAPE

23

January - March

2016

2017

Under $250,000

10

4

$250,000 - $499,999

23

20

$500,000 - $749,999

28

9

$750,000 - $999,999

6

14

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

3

10

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

1

1

$4,000,000 and UP

0

0

15

20

25

30

2016

-36%

the number of single family homes sold in Wellfleet decreased to 9 units

311

the average number of days a single family home in Truro spent on the market decreased by 13%

days +17%

the average sale price of a condominium in Provincetown rose to $572,470

sothebysrealty.com

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-MARCH 2016

SOLD JAN-MARCH 2017

SF

CONDO

2016

$559,618

$139,000

2017

$822,111

$380,000

% CHANGE

47%

173%

2016

157

443

2017

158

127

% CHANGE

1%

-71%

2016

96%

100%

2017

92%

95%

% CHANGE

-5%

-5%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY(3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

1

0

0

-

-100%

0

7

-

-

$250,000 - $499,999

5

0

4

1

-20%

-

8

2

6

6

$500,000 - $749,999

9

0

2

0

-78%

-

13

4

20

-

$750,000 - $999,999

0

0

2

0

-

-

9

0

14

-

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

0

0

0

0

-

-

5

0

-

-

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

0

0

1

0

-

-

0

0

0

-

$4,000,000 AND UP

0

0

0

0

-

-

0

0

-

-

Total

14

1

9

1

-36%

0%

35

13

12

39

CAPE COD | THE OUTER CAPE

24

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-MARCH 2016

25

SOLD JAN-MARCH 2017

SF

CONDO

2016

$680,056

$347,333

2017

$830,556

$333,500

% CHANGE

22%

-4%

2016

355

258

2017

311

260

% CHANGE

-13%

0%

2016

90%

98%

2017

93%

92%

% CHANGE

3%

-6%

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY(3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

1

1

0

2

-100%

100%

0

8

-

12

$250,000 - $499,999

1

2

2

5

100%

150%

4

16

6

10

$500,000 - $749,999

6

0

0

0

-100%

-

20

1

-

-

$750,000 - $999,999

0

0

5

0

-

-

12

1

7

-

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

0

0

2

0

-

-

12

0

18

-

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

1

0

0

0

-100%

-

6

0

-

-

$4,000,000 AND UP

0

0

0

0

-

-

0

0

-

-

Total

9

3

9

7

0%

133%

54

26

18

11

sothebysrealty.com

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

$1,015,000

$491,202

2017

$1,057,708

$572,470

% CHANGE

4%

17%

2016

106

153

2017

91

126

% CHANGE

-14%

-18%

2016

95%

95%

2017

97%

97%

% CHANGE

2%

2%

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

UNITS SOLD SOLD JAN-MARCH 2016

SOLD JAN-MARCH 2017

INVENTORY % CHANGE 2016 TO 2017

CURRENT INVENTORY (3-31-17)

# MONTHS OF INVENTORY(3-31-17)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

7

0

2

-

-71%

0

0

-

0

$250,000 - $499,999

0

15

0

8

-

-47%

0

39

-

15

$500,000 - $749,999

0

13

2

5

-

-62%

2

27

3

16

$750,000 - $999,999

1

5

4

3

300%

-40%

10

21

8

21

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

1

2

6

2

500%

0%

10

4

5

6

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

0

0

0

0

-

-

8

1

-

-

$4,000,000 AND UP

0

0

0

0

-

-

1

0

-

-

Total

2

42

12

20

500%

-52%

31

92

8

14

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