Cape Cod Market Report | 2Q 2015

Cape Cod Market Update Second Quarter 2015 Sotheby’s International Realty Cape Cod Brokerages Osterville | West Falmouth oldCape Sotheby’s International Realty Brewster | Chatham | Dennis | Harwich Port | Orleans Atlantic Bay Sotheby’s International Realty Provincetown sothebysrealty.com

TABLE OF CONTENTS THE UPPER CAPE

3

THE MID CAPE

11

THE LOWER CAPE

19

THE OUTER CAPE

27

Statistical information contained in this report is from the Cape Cod and Islands MLS, FROM THE COVER: Property Web ID: 0403047

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 Brewster

2404 Main Street | Brewster, MA 02631 508.896.5000 | 800.896.9008

Harwich Port

587 Route 28 | Harwich Port, MA 02646 508.432.6100 | 888.432.9220

Orleans

With waterfront to please all tastes, Cape Cod’s northern shoreline is formed by the tidal waters of Cape Cod Bay; south lies the warm waters of Nantucket Sound; easterly is the raw power of the Atlantic Ocean and across its landscape are over 365 kettle ponds formed by the glaciers thousands of years ago.

Cape Cod’s location provides access to many activities both on the water and land, and its temperate climate, thanks to the nearby Gulf

6 Route 6A | Orleans, MA 02653 508.255.6000 | 800.255.0173

Stream, allows enjoyment for many months out of the year. For exam-

North Chatham

Stellwagen Bank National Marine Sanctuary, a renowned location for

210 Orleans Rd | North Chatham, MA 02650 508.945.8800

ple, located just off the shore of Provincetown to the northwest is the whale watching. And, many of the towns’ harbors provide deep-water access to sportfishing and world-class sailing. Additionally, Cape Cod

oldcape.com

has become a premier golf destination, with over 35 public and private

Each Office is Independently Owned and Operated.

golf courses; many designed by today’s biggest golf course architects

Atlantic Bay

including Reese Jones, Geoffrey Cornish, Skip Wogan and Brian Silva.

Provincetown

performing arts.

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

168 Commercial Street | Provincetown, MA 02657 508.487.2430 | atlanticbaysir.com

When describing a location on Cape Cod, locals refer to four distinct re-

Each Office is Independently Owned and Operated.

gions: the Upper Cape is the region located closest to the mainland, the

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. If your property is listed with a real estate broker, please disregard.

It is not our intention to solicit the offerings of other real estate brokers.

We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.

2

Provincetown.

Mid Cape is located in the middle as you move east. Next comes the Lower Cape, located at the elbow of the arm and then as you progress further out into the Atlantic toward the tip of Cape Cod you have the Outer Cape.

sothebysrealty.com

THE UPPER CAPE

WEB: 0840716

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 2015

2015

2014

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

50

100

150

200

250

300

350

400

450

# UNITS SOLD

TOTAL UNITS SOLD UPPER CAPE

2014

2015

UNDER $250,000

143

147

$250,000 - $499,999

360

426

$500,000 -$ 749,999

63

96

$750,000 - $999,999

22

32

price of condominium units. Bourne’s Single Family unit sales

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

32

19

are up 36% and condominiums are down 12%.

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

9

7

Falmouth Single Family units are up 12% and condominium sales

$4,000,000 AND UP

3

1

The number of units sold in the Upper Cape has increased by 15% in 2015 as compared to 2014.

Bourne has experienced a 30% decrease in the average selling price of a single family unit and a 5% increase in average sale

have decreased by 4%. Falmouth has seen an 8% decrease in the average selling price of a single family home while there has been an increase of 10% in condominiums.

Sandwich’s Single Family unit sales have increased by 10% and condominiums have declined by 22%. Sandwich’s average selling price of a single family has increased by 12% while condominiums have increased by 35%.

Single Family sales in Mashpee have increased by 11% and condominiums by 40%. There has been a 15% decrease in the average selling price of single family homes and a 2% reduction in condominiums.

4

sothebysrealty.com

WEB: 0840946

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 2014

SOLD JAN-JUN 2015

SF

CONDO

2014

$503,972

$248,765

2015

$352,999

$261,900

% CHANGE

-30%

5%

2014

166

188

2015

139

140

% CHANGE

-16%

-26%

2014

94%

97%

2015

96%

98%

% CHANGE

2%

2%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

18

10

19

9

6%

-10%

14

10

4

7

$250,000 - $499,999

41

7

63

5

54%

-29%

71

8

7

10

$500,000 -$ 749,999

3

0

8

1

167%

100%

29

0

22

0

$750,000 - $999,999

1

0

4

0

300%

0%

17

4

26

-

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

2

0

0

0

-100%

0%

12

0

-

-

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

4

0

0

0

-100%

0%

6

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

2

0

-

-

TOTALS

69

17

94

15

36%

-12%

151

22

10

9

CAPE COD | THE UPPER CAPE

5

WEB: 0840899

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 2014

CONDO

$515,759

$355,076

2015

$476,413

$388,846

% CHANGE

-8%

10%

2014

145

210

2015

150

116

% CHANGE

3%

-45%

2014

94%

96%

2015

93%

96%

% CHANGE

-1%

0%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

43

8

45

3

5%

-63%

32

4

4

8

$250,000 - $499,999

116

17

131

17

13%

0%

127

29

6

10

$500,000 -$ 749,999

35

1

51

6

46%

500%

90

17

11

17

$750,000 - $999,999

16

0

10

0

-38%

0%

51

3

31

-

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

11

1

12

0

9%

-100%

34

1

17

-

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

3

0

5

0

67%

0%

27

0

32

-

$4,000,000 AND UP

2

0

0

0

-100%

0%

12

0

-

-

226

27

254

26

12%

-4%

373

54

9

12

TOTALS

6

SOLD JAN-JUN 2015

SF

2014

sothebysrealty.com

WEB: 0403232

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 2014

SOLD JAN-JUN 2015

SF

CONDO

2014

$363,468

$162,111

2015

$406,235

$218,857

% CHANGE

12%

35%

2014

141

41

2015

136

174

% CHANGE

-4%

324%

2014

96%

95%

2015

96%

95%

% CHANGE

0%

-1%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

15

9

19

5

27%

-44%

16

6

5

7

$250,000 - $499,999

89

0

92

2

3%

100%

120

4

8

12

$500,000 -$ 749,999

12

0

10

0

-17%

0%

60

0

36

-

$750,000 - $999,999

3

0

8

0

167%

0%

28

0

21

-

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

0

0

1

0

100%

0%

18

0

108

-

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

0

0

1

0

100%

0%

2

0

12

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

119

9

131

7

10%

-22%

244

10

11

9

TOTALS

CAPE COD | THE UPPER CAPE

7

WEB: 0840963

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 2014

CONDO

$614,565

$321,378

2015

$524,088

$315,197

% CHANGE

-15%

-2%

2014

195

152

2015

160

143

% CHANGE

-18%

-6%

2014

93%

97%

2015

94%

97%

% CHANGE

0%

0%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

19

21

14

33

-26%

57%

8

19

3

3

$250,000 - $499,999

50

40

68

48

36%

20%

56

32

5

4

$500,000 -$ 749,999

11

1

14

6

27%

500%

64

13

27

13

$750,000 - $999,999

2

0

9

1

350%

100%

35

4

23

24

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

17

1

6

0

-65%

-100%

51

0

51

-

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

2

0

1

0

-50%

0%

18

0

108

-

$4,000,000 AND UP

1

0

1

0

0%

0%

5

0

30

-

102

63

113

88

11%

40%

237

68

13

5

TOTALS

8

SOLD JAN-JUN 2015

SF

2014

sothebysrealty.com

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 0019842 | $5,500,000 SAN FRANCISCO, CA | Web: 0087388 | $4,995,000 HOUSTON, TX | Web: 1240556 | $5,250,000 RESORT MARKETS PEBBLE BEACH, CA | Web: 0474143 | $5,750,000 BRIDGEHAMPTON, NY | Web: 0037843 | $5,250,000 SANTA BARBARA, CA | Web: 0632345 | $5,000,000 FOREIGN MARKETS FRANCE | Web: LTFSNM | $5,778,077 ISRAEL | Web: 9ZWTEE | $5,726,482 PUERTO RICO | Web: ENWEJT | $4,200,000 sothebysrealty.com

9

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Our Wine Specialists Will Help You Shop For The Best Wines For All Occasions

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SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2014

10

THE MID CAPE

WEB: 0403238

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 2015 2015

2014

UNDER $250,000

$250,000 - $499,999

$500,000 -$749,999

$750,000 - $999,999 $1,000,000 $1,999,999 $2,000,000 $3,999,999 $4,000,000 AND UP 0

50

100

150

200

250

300

350

400

450

# UNITS SOLD

TOTAL UNITS SOLD MID CAPE

2014

2015

UNDER $250,000

293

244

$250,000 - $499,999

400

412

$500,000 -$ 749,999

69

73

$750,000 - $999,999

26

24

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

24

15

single family units have decreased 10%, however condominums

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

7

11

have increased 13%.

$4,000,000 AND UP

3

3

Yarmouth’s single family units are up 5%, however

The number of units sold in the Mid Cape has decreased by 5% in 2015 as compared to 2014.

Barnstable’s average selling price in single family homes has decreased 5%, while the average selling price of condominiums has decreased 22%. Over the same time frame in Barnstable,

condominiums are down 34%.

Dennis’ single family units decreased 9% for 2015 vs 2014.

12

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

2014

$543,346

$258,833

2015

$515,792

$203,013

% CHANGE

-5%

-22%

2014

134

210

2015

137

166

% CHANGE

2%

-21%

2014

93%

95%

2015

93%

96%

% CHANGE

0%

1%

ferry service to Nantucket and Martha’s Vineyard.

UNITS SOLD SOLD JAN-JUN 2014

SOLD JAN-JUN 2015

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

75

21

59

31

-21%

48%

35

20

4

4

$250,000 - $499,999

189

16

184

13

-3%

-19%

210

20

7

9

$500,000 -$ 749,999

33

3

30

1

-9%

-67%

83

9

17

54

$750,000 - $999,999

15

0

8

0

-47%

0%

59

1

44

-

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

18

0

10

0

-44%

0%

78

0

47

-

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

5

0

9

0

80%

0%

42

0

28

-

$4,000,000 AND UP

3

0

3

0

0%

0%

23

0

46

-

338

40

303

45

-10%

13%

530

50

10

7

TOTALS

CAPE COD | THE MID CAPE

13

WEB: 0402942

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 2014

CONDO

$321,046

$229,752

2015

$346,721

$229,425

% CHANGE

8%

0%

2014

125

137

2015

132

94

% CHANGE

6%

-31%

2014

95%

96%

2015

96%

96%

% CHANGE

0%

0%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

82

42

65

26

-21%

-38%

33

37

3

9

$250,000 - $499,999

94

18

120

14

28%

-22%

152

20

8

9

$500,000 -$ 749,999

15

1

13

0

-13%

-100%

36

1

17

-

$750,000 - $999,999

2

0

6

0

200%

0%

15

0

15

-

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

4

0

2

0

-50%

0%

13

1

39

-

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

0

0

1

0

100%

0%

4

0

24

-

$4,000,000 AND UP

0

0

0

0

0%

0%

3

0

-

-

197

61

207

40

5%

-34%

256

59

7

9

TOTALS

14

SOLD JAN-JUN 2015

SF

2014

sothebysrealty.com

WEB: 0403222

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

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

UNITS SOLD SOLD JAN-JUN 2014

SOLD JAN-JUN 2015

SF

CONDO

2014

$388,559

$204,696

2015

$440,864

$220,896

% CHANGE

13%

8%

2014

145

159

2015

143

141

% CHANGE

-1%

-11%

2014

94%

98%

2015

95%

100%

% CHANGE

1%

2%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

45

28

26

37

-42%

32%

25

45

6

7

$250,000 - $499,999

77

6

71

10

-8%

67%

94

13

8

8

$500,000 -$ 749,999

16

1

25

4

56%

300%

47

4

11

6

$750,000 - $999,999

8

1

10

0

25%

-100%

34

0

20

-

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

2

0

3

0

50%

0%

27

2

54

-

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

2

0

1

0

-50%

0%

3

0

18

-

$4,000,000 AND UP

0

0

0

0

0%

0%

4

0

-

-

150

36

136

51

-9%

42%

234

64

10

8

TOTALS

CAPE COD | THE MID CAPE

15

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 00110105 | $1,275,000 SAN FRANCISCO, CA | Web: 0087179 | $1,195,000 HOUSTON, TX | Web: 1270368 | $1,150,000 RESORT MARKETS MALIBU, CA | Web: 1290199 | $1,295,000 EAST HAMPTONS, NY | Web: 0046549 | $1,325,000 SANTA BARBARA, CA | Web: 0113909 | $1,795,000 FOREIGN MARKETS MUMBAI | Web: 95M3MN | $1,404,100 SOUTH AFRICA | Web: 6FQHMJ | $1,368,088 COSTA RICA | Web: ZGW4ZW | $1,350,000 sothebysrealty.com

16

THE LOWER CAPE

WEB: 0840952

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 2015 2015

2014

UNDER $250,000

$250,000 - $499,999

$500,000 - $749,999

$750,000 - $999,999

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

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

$4,000,000 AND UP

0

50

100

150

200

250

300

# UNITS SOLD

TOTAL UNITS SOLD LOWER CAPE

2014

2015

73

72

$250,000 - $499,999

233

251

$500,000 -$749,999

56

91

to 2014.

$750,000 - $999,999

38

31

Brewster has seen a 1% decrease in single family unit sales year

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

35

42

over year, and condominiums are up by 9%.

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

15

11

Unlike Brewsters decline in single family units, Harwich saw

1

0

UNDER $250,000

$4,000,000 AND UP

The five Towns comprising the Lower Cape have experienced an increase in 2015 when compared to 2014. The number of units sold in the Lower Cape are up by about 10% in 2015 as compared

an increase. Harwich performed with a 40% increase in single family sales and condominium units stayed flat at 19.

Orleans experienced a 5% increase in average sales price for single family homes, while condomium prices increased 62%.

Chatham experienced a decline in unit sales year over year of 7% while Eastham posted an increase of 7%.

18

sothebysrealty.com

WEB: 21505351

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 2014

SOLD JAN-JUN 2015

SF

CONDO

2014

$451,135

$226,447

2015

$500,407

$236,321

% CHANGE

11%

4%

2014

122

118

2015

122

138

% CHANGE

0%

17%

2014

95%

95%

2015

95%

96%

% CHANGE

1%

1%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

4

24

3

27

-25%

13%

2

22

4

5

$250,000 - $499,999

56

7

53

6

-5%

-14%

43

5

5

5

$500,000 -$ 749,999

17

1

16

1

-6%

0%

31

1

12

6

$750,000 - $999,999

2

0

1

1

-50%

100%

17

1

102

6

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

3

0

7

0

133%

0%

12

1

10

-

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

0

0

1

0

100%

0%

4

0

24

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

82

32

81

35

-1%

9%

109

30

8

5

CAPE COD | THE LOWER CAPE

19

WEB: 21506421

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

20

SOLD JAN-JUN 2014

SOLD JAN-JUN 2015

SF

CONDO

2014

$462,290

$463,213

2015

$459,338

$274,263

% CHANGE

-1%

-41%

2014

115

136

2015

167

225

% CHANGE

45%

65%

2014

95%

94%

2015

95%

93%

% CHANGE

0%

-1%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

11

9

11

13

0%

44%

6

12

3

6

$250,000 - $499,999

65

7

90

3

38%

-57%

82

14

5

28

$500,000 -$ 749,999

7

2

22

3

214%

50%

38

10

10

20

$750,000 - $999,999

6

0

3

0

-50%

0%

25

0

50

-

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

4

0

4

0

0%

0%

16

0

24

-

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

1

1

2

0

100%

-100%

3

0

9

-

$4,000,000 AND UP

0

0

0

0

0%

0%

3

0

-

-

TOTALS

94

19

132

19

40%

0%

173

36

8

11

sothebysrealty.com

WEB: 21502697

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-JUN 2014

SOLD JAN-JUN 2015

SF

CONDO

2014

$753,808

$159,222

2015

$793,164

$257,400

% CHANGE

5%

62%

2014

191

108

2015

182

110

% CHANGE

-5%

2%

2014

93%

96%

2015

95%

95%

% CHANGE

2%

-1%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

15

1

8

100%

-47%

1

10

6

8

$250,000 - $499,999

17

1

18

1

6%

0%

24

4

8

24

$500,000 -$ 749,999

6

0

17

1

183%

100%

28

1

10

6

$750,000 - $999,999

12

0

9

0

-25%

0%

20

0

13

-

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

8

0

9

0

13%

0%

22

0

15

-

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

1

0

3

0

200%

0%

11

0

22

-

$4,000,000 AND UP

0

0

0

0

0%

0%

5

0

-

-

TOTALS

44

16

57

10

30%

-38%

111

15

12

9

CAPE COD | THE LOWER CAPE

21

WEB: 21408013

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-JUN 2015

CONDO

$958,493

$368,750

2015

$867,720

$354,611

% CHANGE

-9%

-4%

2014

247

149

2015

163

145

% CHANGE

-34%

-3%

2014

92%

96%

2015

95%

94%

% CHANGE

3%

-2%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

2

3

1

3

-50%

0%

2

4

12

8

$250,000 - $499,999

33

2

29

5

-12%

150%

28

12

6

14

$500,000 -$ 749,999

15

3

17

1

13%

-67%

31

10

11

60

$750,000 - $999,999

15

0

15

0

0%

0%

30

5

12

-

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

18

0

20

0

11%

0%

56

2

17

-

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

10

0

5

0

-50%

0%

33

0

40

-

1

0

0

0

-100%

0%

11

0

-

-

94

8

87

9

-7%

13%

191

33

13

22

$4,000,000 AND UP TOTALS

22

SOLD JAN-JUN 2014

SF

2014

sothebysrealty.com

WEB: 21407662

EASTHAM Site of the first meeting between the Pilgrims and Nauset Indians at First Encounter Beach in 1620, Eastham also is home to the Salt Pond Visitor Center and gateway to the Cape Cod National Seashore. From the often photographed iconic Nauset Lighthouse with its bold red and white bands to the Colonial Windmill which still sits on the village green and plays host to many arts and craft shows throughout the summer season, Eastham is always ready with picture-perfect locations. Eastham’s Coast Guard Beach is one of the top ten beaches in the world according to Dr. Beach, and its Bay beaches are a favorite of those seeking warmer waters

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

SF

CONDO

2014

$539,437

$288,333

2015

$462,360

$251,050

% CHANGE

-14%

-13%

2014

146

182

2015

162

192

% CHANGE

11%

5%

2014

94%

96%

2015

94%

93%

% CHANGE

0%

-3%

and walks on the flats at low tide.

UNITS SOLD SOLD JAN-JUN 2014

SOLD JAN-JUN 2015

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

4

1

2

3

-50%

200%

1

6

3

12

$250,000 - $499,999

43

2

44

2

2%

0%

59

4

8

12

$500,000 -$ 749,999

5

0

13

0

160%

0%

24

0

11

-

$750,000 - $999,999

3

0

2

0

-33%

0%

7

0

21

-

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

2

0

2

0

0%

0%

10

0

30

-

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

2

0

0

0

-100%

0%

1

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

59

3

63

5

7%

67%

102

10

10

12

CAPE COD | THE LOWER CAPE

23

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 00110206 | $3,250,000 HOUSTON, TX | Web: 1232987 | $2,999,000 LOS ANGELES, CA | Web: 0286222 | $3,298,000 RESORT MARKETS MALIBU, CA | Web: 0172733 | $3,200,000 EAST HAMPTON, NY | Web: 0046177 | $2,995,000 SANTA BARBARA, CA | Web: 0113898 | $3,195,000 FOREIGN MARKETS GERMANY | Web: S76NQ3 | $3,590,261 ITALY | Web: MEQC8Z | $3,926,848 ISRAEL | Web: 3DWFN3 | $3,904,420 sothebysrealty.com

24

THE OUTER CAPE

WEB: 21500822

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 2015 2015

2014

UNDER $250,000

$250,000 - $499,999

$500,000 - $749,999

$750,000 - $999,999

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

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

$4,000,000 AND UP

0

10

20

30

40

50

60

# UNITS SOLD

TOTAL UNITS SOLD OUTER CAPE

2014

2015

UNDER $250,000

16

26

$250,000 - $499,999

57

64

$500,000 -$ 749,999

46

43

$750,000 - $999,999

19

9

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

9

8

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

2

3

$4,000,000 AND UP

0

2

The Outer Cape experienced a 4% increase in unit sales year over year.

Wellfleet sales of single family units declined 55% while pricing increased by 81%. Condominiums are down by 46% in average selling price with a 0% increase in unit sales.

Truro performed with a 5% increase in single family sales and a 213% increase in sales of condominium units.

Provincetown saw a 4% decrease in the average sales price of single family homes and a 2% decrease in the sales price of condominium units. Unit sales were up 13% for single family homes and condominiums were also up 14%.

26

sothebysrealty.com

7

WEB: 21506819

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 2014

SOLD JAN-JUN 2015

SF

CONDO

2014

$559,588

$338,893

2015

$1,011,089

$182,643

% CHANGE

81%

-46%

2014

142

232

2015

155

96

% CHANGE

9%

-59%

2014

94%

97%

2015

94%

96%

% CHANGE

0%

-1%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

2

2

2

6

0%

200%

4

4

12

4

$250,000 - $499,999

18

3

6

1

-67%

-67%

19

3

19

18

$500,000 -$ 749,999

13

2

6

0

-54%

-100%

19

0

19

-

$750,000 - $999,999

4

0

0

0

-100%

0%

5

0

-

-

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

3

0

2

0

-33%

0%

9

0

27

-

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

0

0

0

0

0%

0%

0

0

-

-

$4,000,000 AND UP

0

0

2

0

100%

0%

1

0

3

-

40

7

18

7

-55%

0%

57

7

19

6

TOTALS

CAPE COD | THE OUTER CAPE

27

WEB: 21408042

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 2014

SOLD JAN-JUN 2015

SF

CONDO

2014

$866,835

$229,500

2015

$885,760

$318,164

% CHANGE

2%

39%

2014

248

227

2015

191

145

% CHANGE

-23%

-36%

2014

93%

91%

2015

93%

97%

% CHANGE

-1%

7%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

6

0

7

0%

17%

0

15

-

13

$250,000 - $499,999

4

1

3

18

-25%

1700%

6

34

12

11

$500,000 -$ 749,999

6

1

10

0

67%

-100%

24

5

14

-

$750,000 - $999,999

5

0

3

0

-40%

0%

17

0

34

-

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

3

0

2

0

-33%

0%

22

0

66

-

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

1

0

2

0

100%

0%

10

0

30

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

19

8

20

25

5%

213%

79

54

24

13

sothebysrealty.com

WEB: 21505328

PROVINCETOWN Provincetown is the bustling, eclectic community at the very tip of Cape Cod. An arts and cultural hub, the Cape Cod School of Art was founded in 1899 by Charles W. Hawthorne and a vibrant arts community still exists today. Home to 3 lighthouses all located within the Cape Cod National Seashore, Provincetown boasts a rich fishing heritage and beautiful harbor. Its vibrant Commercial Street hosts a wonderful collection of shops, galleries, B&Bs and restaurants. The Pilgrim Monument affords the most spectacular view across all of Cape Cod. An outdoor enthusiast’s dream, Provincetown features many beautiful nature trails, a harbor bustling with

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE

SF

CONDO

2014

$903,719

$459,436

2015

$867,139

$452,435

% CHANGE

-4%

-2%

2014

249

183

2015

200

141

% CHANGE

-20%

-23%

2014

93%

96%

2015

91%

96%

% CHANGE

-3%

0%

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

UNITS SOLD SOLD JAN-JUN 2014

SOLD JAN-JUN 2015

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (7-1-15)

# MONTHS OF INVENTORY (7-1-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

6

1

10

100%

67%

0

7

-

4

$250,000 - $499,999

1

30

5

31

400%

3%

1

46

1

9

$500,000 -$ 749,999

5

19

5

22

0%

16%

6

29

7

8

$750,000 - $999,999

7

3

3

3

-57%

0%

5

12

10

24

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

2

1

3

1

50%

0%

27

5

54

30

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

1

0

1

0

0%

0%

8

1

48

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

16

59

18

67

13%

14%

48

100

16

9

CAPE COD | THE OUTER CAPE

29

Howard Hayes owner/ broker

oldCape

Ken Hager brokerage manager

Dolores Alberti

John Allen

Karen Arnold

Susan BakerOutslay

Anthony Bartolini

Andrea Besse

Len Coakley

Debbie Cody

Karin Daffinee

Eric Ehnstrom

Jo-Ellen Erickson

Peggy Farber

Hardman/Liberles

Joseph Hartung

Deidre Hedmark

Dee Higgins

Sarah Laird

Daneen Law

Peter/Elaine Lomenzo

David Marsh

Laurie McCann

Christine McGrath

Dianne Mongeau

Diane Miller

Pam Roberts

Brandy Salvador

Jeff Smith

Eva Scott

Gayle Tambolleo

Robin Thayer

Jim Trainor

Natalia Weiner

Susan Winslow

Lindsey Wright

Carla Hemmings

Mary Jane Ryan

oldCape Sotheby’s International Realty oldCape.com 2404 Main Street | Brewster, 6 Route 6A | Orleans, MA 02653 | 508.255.6000 MA 02631 | 508.896.5000 587 Route 28 | Harwich Port, 210 Orleans Rd | North Chatham | 508.945.8800 MA 02646 | 508.432.6100

Provincetown

Atlantic Bay

Emily Flax

broker/owner

David Nicolau

Sue Buerkel

broker/owner

Each Office is Independently Owned and Operated.

30

atlanticbaysir.com

168 Commercial Street Provincetown, MA 02657 508.487.2430

Mary Cabral

Ruth Gilbert

Reven Oliver

Jack Cotton brokerage manager

Steve Asmond

Hugh Barnes

Jackie Bartolomei

Jane Bodrie

Courtney Bottcher

Bonnie Britt

Karen Burton

Melinda Chapin

Carol Childs

Pam Chmielinski

Donna Christopher

Stephen Cobb

Marc Coriaty

Sally Duffy

Cynthia Eisen

Bob Foley

Gail Germain Martis

Margaret Gifford

Susan Gill

Tori Harrison

Annie Hart Cool

Bryan Jesienski

Nancy Komenda

Jack Largay

Diana Lucivero

Jan Macallister

Gene Marchand

Jennifer McCartin

Terri Monroe

Oliver Muldoon

Pamela Mullin

Joanne Murphy

Gene Orloff

Colleen Riley

Peggy Rowland

Donna Sawyer

Jodi Steek

Steven Strojny

Pat Thatcher

Ellen Valentgas

Nicole Vautrain

Beverly Wall-Cedrone

John Weyand

Samuel Wilson

Joan Witter

Lisa Worthen

sothebyshomes.com/capecod

Osterville

851 Main Street, Osterville, MA 02655 508.428.9115 | 800.851.9115 Operated by Sotheby’s International Realty, Inc.

West Falmouth

550 West Falmouth Hwy West Falmouth, MA 02574 508.548.2522 | 866.508.2522 31

AN EXQUISITE DIAMOND DESERVES AN EXCLUSIVE SETTING.

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

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