Cape Cod Market Update | Q3 2016

WEB: 0403542

Cape Cod Market Update Third 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: 0841171

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

CAPE COD | THE UPPER CAPE

3

UPPER CAPE SALES JANUARY - SEPTEMBER 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 # UNITS SOLD

200

300

400

500

600

700

800

900

Marketwide, the Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q3 2016 versus

TOTAL UNITS SOLD UPPER CAPE

January - September

Q3 2015: •

The number of units sold in the Upper Cape has increased by

2015

2016

UNDER $250,000

252

229

$250,000 - $499,999

698

763

$500,000 -$ 749,999

154

199

condominium average sale price. Bourne’s single-family unit

$750,000 - $999,999

59

57

sales were down 3% and condominiums were up 11% from

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

35

57

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

10

12

$4,000,000 AND UP

2

1

9% in 2016 as compared to 2015.

•

Bourne has experienced a 19% increase in the average selling price of a single-family unit and a 6% decrease in

28 units to 31 units.

•

Falmouth single-family units were up 3% and condominium sales have increased by 13%. Falmouth has seen a 9% increase in the average selling price of a single-family home while there has been an increase of 1% in condominiums.

•

Sandwich’s single-family unit sales have increased by 34% while the average selling price of a single-family has remained flat.

•

Single-family sales in Mashpee have increased by 16% and condominiums declined by 14%. The average selling price of single-family homes remained flat while condominiums increased by 6%.

4

sothebysrealty.com

WEB: 0840982

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

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

Bourne is also the home to the Massachusetts Maritime Academy.

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-SEPT 2015

SOLD JAN-SEPT 2016

SF

CONDO

2015

$364,674

$254,348

2016

$435,384

$240,029

% CHANGE

19%

-6%

2015

118

111

2016

115

81

% CHANGE

-3%

-27%

2015

95%

98%

2016

95%

96%

% CHANGE

0%

-2%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

39

18

28

21

-28%

17%

3

10

1

4

$250,000 - $499,999

108

9

101

9

-6%

0%

58

13

5

13

$500,000 -$ 749,999

13

1

23

1

77%

0%

33

0

13

0

$750,000 - $999,999

6

0

5

0

-17%

0%

12

8

22

-

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

1

0

4

0

300%

0%

14

1

32

-

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

1

0

1

0

0%

0%

9

0

81

-

$4,000,000 AND UP

0

0

1

0

100%

0%

1

0

9

-

168

28

163

31

-3%

11%

130

32

7

9

TOTALS

CAPE COD | THE UPPER CAPE

5

WEB: 0841157

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

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-SEPT 2015

CONDO

$485,965

$377,760

2016

$531,291

$382,744

% CHANGE

9%

1%

2015

147

106

2016

135

163

% CHANGE

-8%

54%

2015

94%

96%

2016

94%

96%

% CHANGE

1%

0%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

75

11

67

10

-11%

-9%

9

3

1

3

$250,000 - $499,999

204

25

212

34

4%

36%

110

16

5

4

$500,000 -$ 749,999

79

11

73

8

-8%

-27%

68

10

8

11

$750,000 - $999,999

25

1

30

2

20%

100%

30

0

9

0

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

19

0

29

0

53%

0%

35

1

11

-

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

6

0

9

0

50%

0%

23

0

23

-

$4,000,000 AND UP

1

0

0

0

-100%

0%

9

0

-

-

409

48

420

54

3%

13%

284

30

6

5

UNDER $250,000

TOTALS

6

SOLD JAN-SEPT 2016

SF

2015

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WEB: 0403549

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

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

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

AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-SEPT 2015

SOLD JAN-SEPT 2016

SF

CONDO

2015

$403,368

$214,636

2016

$404,835

$229,509

% CHANGE

0%

7%

2015

124

141

2016

130

164

% CHANGE

5%

16%

2015

96%

95%

2016

96%

97%

% CHANGE

0%

1%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

29

9

21

15

-28%

67%

4

9

2

5

$250,000 - $499,999

159

2

221

2

39%

0%

85

4

3

18

$500,000 -$ 749,999

20

0

50

1

150%

100%

53

1

10

9

$750,000 - $999,999

13

0

4

0

-69%

0%

24

0

54

-

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

2

0

5

0

150%

0%

13

0

23

-

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

1

0

0

0

-100%

0%

4

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

224

11

301

18

34%

64%

184

14

6

7

TOTALS

CAPE COD | THE UPPER CAPE

7

WEB: 0403517

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

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

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

AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-SEPT 2015

CONDO

$524,224

$321,543

2016

$523,648

$342,424

% CHANGE

0%

6%

2015

149

143

2016

147

131

% CHANGE

-1%

-8%

2015

94%

98%

2016

95%

97%

% CHANGE

2%

-1%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

21

50

28

39

33%

-22%

4

15

1

3

$250,000 - $499,999

107

84

109

75

2%

-11%

50

36

4

4

$500,000 -$ 749,999

20

10

35

8

75%

-20%

60

34

15

38

$750,000 - $999,999

13

1

15

1

15%

0%

41

6

25

54

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

13

0

17

2

31%

100%

53

2

28

9

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

2

0

2

0

0%

0%

16

0

72

-

$4,000,000 AND UP

1

0

0

0

-100%

0%

0

0

-

-

177

145

206

125

16%

-14%

224

93

10

7

TOTALS

8

SOLD JAN-SEPT 2016

SF

2015

sothebysrealty.com

The Personal Art Collection of David Bowie Auctions in London 10 & 11 November 2016, Viewing 1 – 10 November Enquiries +44 (0)20 7293 5519 bowie@sothebys.com 34–35 New Bond Street, London W1A 2AA sothebys.com/BowieCollector

© GAVIN EVANS

9

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

10

THE MID CAPE

WEB: 0403276

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

CAPE COD | THE MID CAPE

11

MID CAPE SALES JANUARY - SEPTEMBER 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

500

400

600

700

800

900

# UNITS SOLD

January - September

Marketwide, the Cape Cod and Islands Multiple Listing Service

TOTAL UNITS SOLD MID CAPE

2015

2016

UNDER $250,000

396

392

$250,000 - $499,999

685

818

$500,000 -$ 749,999

128

121

$750,000 - $999,999

45

43

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

37

52

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

13

19

in Barnstable, single-family units were up 17%, however

$4,000,000 AND UP

6

3

condominiums were down by 6%.

reported the following year over year statistics, Q3 2016 versus Q3 2015: •

The number of units sold in the Mid Cape has increased by 11% in 2016 as compared to 2015.

•

Barnstable’s average selling price in single-family homes has decreased 4% while the average selling price of condominiums has increased 8%. Over the same time frame

•

Yarmouth’s single-family units were up 16%, however condominiums were down 2%.

•

Dennis’ single-family units increased 8% in Q3 2016 vs Q3 2015.

12

sothebysrealty.com

WEB: 0403529

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

$530,754

$203,400

2016

$510,749

$219,117

% CHANGE

-4%

8%

2015

128

194

2016

128

147

% CHANGE

0%

-24%

2015

93%

96%

2016

94%

97%

% CHANGE

0%

1%

ferry service to Nantucket and Martha’s Vineyard.

UNITS SOLD SOLD JAN-SEPT 2015

SOLD JAN-SEPT 2016

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

93

42

105

42

13%

0%

21

17

2

4

$250,000 - $499,999

305

19

353

13

16%

-32%

141

17

4

12

$500,000 -$ 749,999

55

1

66

3

20%

200%

105

8

14

24

$750,000 - $999,999

19

0

25

0

32%

0%

48

1

17

-

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

27

0

39

0

44%

0%

80

1

18

-

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

11

0

15

0

36%

0%

27

0

16

-

$4,000,000 AND UP

6

0

3

0

-50%

0%

24

0

72

-

516

62

606

58

17%

-6%

446

44

7

7

UNDER $250,000

TOTALS

CAPE COD | THE MID CAPE

13

MLS ID: 21607607

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

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-SEPT 2015

CONDO

$349,336

$232,851

2016

$329,442

$243,673

% CHANGE

-6%

5%

2015

121

89

2016

103

143

% CHANGE

-15%

61%

2015

96%

97%

2016

97%

97%

% CHANGE

1%

0%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

105

55

118

52

12%

-5%

20

27

2

5

$250,000 - $499,999

196

29

251

28

28%

-3%

95

10

3

3

$500,000 -$ 749,999

25

0

20

2

-20%

100%

29

1

13

5

$750,000 - $999,999

11

0

4

0

-64%

0%

11

1

25

-

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

4

0

4

0

0%

0%

18

0

41

-

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

1

0

1

0

0%

0%

7

0

63

-

$4,000,000 AND UP

0

0

0

0

0%

0%

3

0

-

-

342

84

398

82

16%

-2%

183

39

4

4

TOTALS

14

SOLD JAN-SEPT 2016

SF

2015

sothebysrealty.com

MLS ID: 21608350

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

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-SEPT 2015

SOLD JAN-SEPT 2016

SF

CONDO

2015

$422,254

$216,575

2016

$435,986

$179,292

% CHANGE

3%

-17%

2015

128

138

2016

110

102

% CHANGE

-14%

-26%

2015

95%

99%

2016

95%

97%

% CHANGE

0%

-2%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

47

54

35

40

-26%

-26%

8

40

2

9

$250,000 - $499,999

123

13

164

9

33%

-31%

76

19

4

19

$500,000 -$ 749,999

42

5

29

1

-31%

-80%

44

1

14

9

$750,000 - $999,999

15

0

13

1

-13%

100%

20

1

14

9

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

6

0

9

0

50%

0%

21

1

21

-

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

1

0

3

0

200%

0%

8

0

24

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

234

72

253

51

8%

-29%

178

62

6

11

TOTALS

CAPE COD | THE MID CAPE

15

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 00110341 | $1,499,000 HOUSTON, TX | Web: 1234994 | $1,199,999 PASADENA, CA | Web: 0278049 | $1,150,000 RESORT MARKETS GLEN ELLEN, CA | Web: 0244201 | $1,495,000 EAST HAMPTON, NY | Web: 0038372 | $1,495,000 SANTA FE, NM | Web: 0575641 | $1,297,000 FOREIGN MARKETS COSTA RICA | Web: S34T2S | $1,200,000 ITALY | Web: LV25XV | 1.100.000 € EUR TURKS AND CAICOS | Web: 2SZDM9 | $975,000 sothebysrealty.com

16

THE LOWER CAPE

MLS ID: 21607467

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

CAPE COD | THE LOWER CAPE

17

LOWER CAPE SALES JANUARY - SEPTEMBER 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

350

400

450

# UNITS SOLD

TOTAL UNITS SOLD LOWER CAPE

January - September

Marketwide, the Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q3 2016 versus Q3 2015:

2015

2016

UNDER $250,000

115

114

$250,000 - $499,999

399

408

a relatively flat level of activity in 2016 when compared to

$500,000 -$749,999

158

156

2015.

$750,000 - $999,999

55

52

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

66

61

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

18

18

$4,000,000 AND UP

4

7

•

•

The five towns comprising the Lower Cape have experienced

Brewster has seen a 1% increase in single-family unit sales year over year and condominiums were up by 23%.

•

Although Brewster increased singl- family units, Harwich saw a decrease. Harwich performed with a 10% decrease in single-family sales and a 20% decrease in sales of condominium units.

•

Orleans experienced a 3% increase in average sales price for single-family homes while condominium average sales prices increased by 11%.

•

Chatham and Eastham both experienced decreases in unit sales year over year, posting 7% and 7% decreases in units respectively.

18

sothebysrealty.com

MLS ID: 21607649

BREWSTER Known as the “sea captain’s town,” Brewster is located on the north side of Cape Cod. All of its saltwater beaches are located on Cape Cod Bay, known as the famous Brewster flats, where when the tide is “out,” you can walk out into the bay for at least a mile. Along Route 6A, the main thoroughfare, one can find remnants of its historic past from stately sea captain’s homes now converted to B&Bs or private residences. Brewster is also home to Nickerson State Park and the Punkhorn Parklands, providing miles of nature trails for the outdoor enthusiast.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-SEPT 2015

SOLD JAN-SEPT 2016

SF

CONDO

2015

$518,916

$244,127

2016

$518,962

$310,933

% CHANGE

0%

27%

2015

114

116

2016

133

110

% CHANGE

17%

-5%

2015

95%

97%

2016

96%

97%

% CHANGE

1%

0%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

4

45

6

44

50%

-2%

0

10

0

2

$250,000 - $499,999

78

11

78

18

0%

64%

36

7

4

4

$500,000 -$ 749,999

29

3

29

6

0%

100%

27

1

8

2

$750,000 - $999,999

2

1

7

4

250%

300%

11

0

14

0

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

11

0

4

2

-64%

100%

9

1

20

5

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

1

0

2

0

100%

0%

5

0

23

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

125

60

126

74

1%

23%

89

19

6

2

TOTALS

CAPE COD | THE LOWER CAPE

19

MLS ID: 21606467

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

AVERAGE SALES PRICE

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

AVERAGE DAYS ON MARKET

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

AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-SEPT 2015

CONDO

$474,324

$265,511

2016

$523,737

$265,720

% CHANGE

10%

0%

2015

150

201

2016

120

211

% CHANGE

-20%

5%

2015

95%

95%

2016

94%

95%

% CHANGE

-1%

1%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

16

24

15

19

-6%

-21%

3

9

2

4

$250,000 - $499,999

148

6

133

6

-10%

0%

59

10

4

15

$500,000 -$ 749,999

35

5

32

3

-9%

-40%

39

6

11

18

$750,000 - $999,999

9

0

8

0

-11%

0%

13

0

15

-

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

8

0

6

0

-25%

0%

5

0

8

-

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

3

0

0

0

-100%

0%

2

0

-

-

$4,000,000 AND UP

0

0

3

0

100%

0%

5

0

15

-

219

35

197

28

-10%

-20%

126

25

6

8

TOTALS

20

SOLD JAN-SEPT 2016

SF

2015

sothebysrealty.com

MLS ID: 21603432

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

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-SEPT 2015

SOLD JAN-SEPT 2016

SF

CONDO

2015

$808,675

$277,875

2016

$835,193

$309,750

% CHANGE

3%

11%

2015

163

131

2016

197

91

% CHANGE

21%

-31%

2015

95%

96%

2016

94%

99%

% CHANGE

-2%

2%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

1

10

1

11

0%

10%

0

5

0

4

$250,000 - $499,999

25

5

35

15

40%

200%

15

5

4

3

$500,000 -$ 749,999

26

1

31

3

19%

200%

18

0

5

0

$750,000 - $999,999

18

0

11

0

-39%

0%

16

0

13

-

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

12

0

18

0

50%

0%

14

0

7

-

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

5

0

4

0

-20%

0%

17

0

38

-

$4,000,000 AND UP

0

0

1

0

100%

0%

2

0

18

-

TOTALS

87

16

101

29

16%

81%

82

10

7

3

UNDER $250,000

CAPE COD | THE LOWER CAPE

21

MLS ID: 21510790

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

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

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

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

UNITS SOLD SOLD JAN-SEPT 2015

CONDO

$1,011,569

$361,027

2016

$1,063,971

$481,528

% CHANGE

5%

33%

2015

159

235

2016

181

404

% CHANGE

14%

72%

2015

95%

95%

2016

93%

97%

% CHANGE

-2%

2%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

1

5

0

4

-100%

-20%

0

7

-

16

$250,000 - $499,999

44

8

45

5

2%

-38%

20

7

4

13

$500,000 -$ 749,999

35

2

32

7

-9%

250%

44

5

12

6

$750,000 - $999,999

21

0

17

2

-19%

100%

23

3

12

14

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

33

0

28

0

-15%

0%

70

2

23

-

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

9

0

12

0

33%

0%

26

0

20

-

$4,000,000 AND UP

4

0

3

0

-25%

0%

14

0

42

-

147

15

137

18

-7%

20%

197

24

13

12

UNDER $250,000

TOTALS

22

SOLD JAN-SEPT 2016

SF

2015

sothebysrealty.com

MLS ID: 21606228

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

$452,331

$240,583

2016

$439,015

$221,855

% CHANGE

-3%

-8%

2015

143

166

2016

141

163

% CHANGE

-1%

-2%

2015

95%

94%

2016

94%

95%

% CHANGE

-1%

1%

and walks on the flats at low tide.

UNITS SOLD SOLD JAN-SEPT 2015

SOLD JAN-SEPT 2016

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

3

6

6

8

100%

33%

0

3

0

3

$250,000 - $499,999

71

3

70

3

-1%

0%

37

4

5

12

$500,000 -$ 749,999

22

0

13

0

-41%

0%

22

0

15

-

$750,000 - $999,999

4

0

3

0

-25%

0%

9

0

27

-

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

2

0

3

0

50%

0%

10

0

30

-

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

0

0

0

0

0%

0%

2

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

102

9

95

11

-7%

22%

80

7

8

6

TOTALS

CAPE COD | THE LOWER CAPE

23

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 00110917 | $2,950,000 LOS ANGELES, CA | Web: 0355714 | $3,275,000 SAN FRANCISCO, CA | Web: 0088173 | $3,200,000 RESORT MARKETS SANTA ROSA, CA | Web: 0244056 | $3,350,000 SANTA FE, NM | Web: 0564837 | $3,400,000 AMAGANSETT, NY | Web: 0038243 | $3,350,000 FOREIGN MARKETS FRANCE | Web: SJ8DBY | Price Upon Request BRAZIL | Web: 76CWX6 | R$ 8.400.000 BRL ISRAEL | Web: QW2598 | 3,660,000 ILS sothebysrealty.com

24

THE OUTER CAPE

MLS ID: 21601734

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

CAPE COD | THE OUTER CAPE

25

OUTER CAPE SALES JANUARY - SEPTEMBER 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

TOTAL UNITS SOLD OUTER CAPE

20

40

January - September

60

80

100

120

140

Marketwide, the Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q3 2016 versus

2015

2016

UNDER $250,000

39

30

$250,000 - $499,999

107

119

$500,000 -$ 749,999

73

89

$750,000 - $999,999

18

25

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

14

28

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

4

5

$4,000,000 AND UP

2

0

Q3 2015: •

The Outer Cape experienced a 15% increase in unit sales year over year.

•

Wellfleet sales of single-family units increased 74% from 38 to 66 while pricing decreased by 23%. Condominiums are up by 40% in average selling price with a 25% reduction in unit sales.

•

Truro performed with a 21% increase in single-family sales and a 53% decrease in sales from 34 to 16 of condominium units.

•

Provincetown saw a 14% increase in the average sales price of single-family homes and a 5% increase in the sales price of condominium units. Unit sales were down 4% for singlefamily homes and condominiums were up 22%.

26

sothebysrealty.com

MLS ID: 21510949

WELLFLEET The town of Wellfleet is home to amazing dunes along its eastern shores that provide miles of breathtaking views. The Marconi Site, within the Cape Cod National Seashore is where the first Trans Atlantic radio message was sent from America to England by Guglielmo Marconi in 1903.

Along its northern shores of Cape Cod Bay resides the beauty of Wellfleet Harbor where one can enjoy the coming and going of boats and people throughout the day. Along its Main Street are wonderful shops, restau-

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

rants and galleries, ripe for exploring.

UNITS SOLD SOLD JAN-SEPT 2015

SOLD JAN-SEPT 2016

SF

CONDO

2015

$730,938

$183,563

2016

$565,969

$256,417

% CHANGE

-23%

40%

2015

118

91

2016

161

186

% CHANGE

36%

104%

2015

95%

96%

2016

96%

97%

% CHANGE

2%

1%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

3

7

3

4

0%

-43%

0

5

0

11

$250,000 - $499,999

18

1

30

1

67%

0%

16

3

5

27

$500,000 -$ 749,999

12

0

23

1

92%

100%

21

3

8

27

$750,000 - $999,999

0

0

4

0

100%

0%

8

0

18

-

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

3

0

6

0

100%

0%

8

0

12

-

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

0

0

0

0

0%

0%

3

0

-

-

$4,000,000 AND UP

2

0

0

0

-100%

0%

0

0

-

-

38

8

66

6

74%

-25%

56

11

8

17

TOTALS

CAPE COD | THE OUTER CAPE

27

MLS ID: 21607204

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

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-SEPT 2015

28

SOLD JAN-SEPT 2016

SF

CONDO

2015

$806,072

$295,385

2016

$798,424

$298,594

% CHANGE

-1%

1%

2015

176

153

2016

236

324

% CHANGE

34%

112%

2015

94%

97%

2016

93%

97%

% CHANGE

-1%

0%

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

13

1

7

100%

-46%

0

5

0

6

$250,000 - $499,999

5

21

6

9

20%

-57%

3

23

5

23

$500,000 -$ 749,999

19

0

23

0

21%

0%

18

2

7

-

$750,000 - $999,999

5

0

3

0

-40%

0%

17

0

51

-

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

3

0

5

0

67%

0%

19

0

34

-

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

2

0

3

0

50%

0%

5

0

15

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

34

34

41

16

21%

-53%

63

30

14

17

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

$960,648

$464,069

2016

$1,092,554

$487,289

% CHANGE

14%

5%

2015

203

135

2016

249

152

% CHANGE

23%

13%

2015

92%

96%

2016

93%

95%

% CHANGE

2%

-1%

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

UNITS SOLD SOLD JAN-SEPT 2015

SOLD JAN-SEPT 2016

INVENTORY % CHANGE 2015 TO 2016

CURRENT INVENTORY (10-1-16)

# MONTHS OF INVENTORY (10-1-16)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

1

15

0

15

-100%

0%

0

4

-

2

$250,000 - $499,999

5

57

2

71

-60%

25%

1

30

5

4

$500,000 -$ 749,999

7

35

8

34

14%

-3%

3

29

3

8

$750,000 - $999,999

7

6

3

15

-57%

150%

9

16

27

10

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

5

3

11

6

120%

100%

11

6

9

9

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

2

0

2

0

0%

0%

6

1

27

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

27

116

26

141

-4%

22%

31

86

11

5

CAPE COD | THE OUTER CAPE

29

UNPARALLELED SELECTION OF WINES ALL YEAR ROUND. Sotheby’s Wine is more than an auctioneer, we are a global retailer with stores in New York and Hong Kong.

Visit us online at sothebyswine.com.

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