Cape Cod Market Update | Q1 2015

Cape Cod Market Update First Quarter 2015 Sotheby’s International Realty Cape Cod Brokerages Osterville | West Falmouth oldCape Sotheby’s International Realty Brewster | 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

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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 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.

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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 - MARCH 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

20

40

60

80

100

120

140

160

# UNITS SOLD

TOTAL UNITS SOLD UPPER CAPE

2014

2015

UNDER $250,000

53

57

$250,000 - $499,999

117

135

$500,000 -$ 749,999

18

26

$750,000 - $999,999

5

15

units. Bourne’s Single Family unit sales are up 67% and

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

9

5

condominiums are down 80%.

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

5

3

Falmouth Single Family units are up 27% and condominium sales

$4,000,000 AND UP

1

0

The number of units sold in the Upper Cape has increased by 16% in 2015 as compared to 2014.

Bourne has experienced a 42% decrease in the average selling price of a single family unit and a 38% decrease in condominium

have decreased by 33%. Falmouth has seen a 3% increase in the average selling price of a single family home while there has been an increase of 22% in condominiums.

Sandwich’s Single Family unit sales have decreased by 5% while average selling price of a single family has increased by 16%. No condominiums were sold in 2015 first quarter.

Single Family sales in Mashpee have increased by 3% and condominiums by 42%. There has been a 32% decrease in the average selling price of single family homes and a 3% reduction in condominiums.

4

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WEB: 0840862

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-MAR 2014

SOLD JAN-MAR 2015

SF

CONDO

2014

$597,043

$211,000

2015

$348,337

$131,000

% CHANGE

-42%

-38%

2014

165

109

2015

138

183

% CHANGE

-16%

68%

2014

93%

98%

2015

96%

92%

% CHANGE

4%

-6%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

6

4

9

1

50%

-75%

4

3

1

9

$250,000 - $499,999

12

1

22

0

83%

-100%

32

2

4

-

$500,000 -$ 749,999

0

0

2

0

100%

0%

6

0

9

-

$750,000 - $999,999

0

0

2

0

100%

0%

1

0

2

-

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

1

0

0

0

-100%

0%

4

0

-

-

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

2

0

0

0

-100%

0%

0

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

181

50

161

36

-11%

-28%

47

5

4

15

TOTALS

CAPE COD | THE UPPER CAPE

5

WEB: 0403058

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-MAR 2014

6

SOLD JAN-MAR 2015

SF

CONDO

2014

$463,889

$298,167

2015

$476,801

$362,833

% CHANGE

3%

22%

2014

134

211

2015

168

78

% CHANGE

25%

-63%

2014

93%

94%

2015

91%

94%

% CHANGE

-2%

0%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

16

3

25

1

56%

-67%

10

1

1

3

$250,000 - $499,999

42

5

47

3

12%

-40%

44

7

3

7

$500,000 -$ 749,999

10

1

14

2

40%

100%

22

8

5

12

$750,000 - $999,999

4

0

5

0

25%

0%

19

2

11

-

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

3

0

4

0

33%

0%

8

0

6

-

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

2

0

3

0

50%

0%

6

0

6

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

77

9

98

6

27%

-33%

110

18

3

9

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WEB: 0402852

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-MAR 2014

SOLD JAN-MAR 2015

SF

CONDO

2014

$326,171

$179,000

2015

$379,495

$0

% CHANGE

16%

-100%

2014

177

14

2015

162

0

% CHANGE

-8%

-100%

2014

96%

95%

2015

96%

0%

% CHANGE

0%

-100%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

8

2

7

0

-13%

-100%

8

1

3

-

$250,000 - $499,999

29

0

27

0

-7%

0%

38

0

4

-

$500,000 -$ 749,999

4

0

3

0

-25%

0%

10

0

10

-

$750,000 - $999,999

0

0

2

0

100%

0%

6

0

9

-

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

0

0

0

0

0%

0%

5

0

-

-

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

0

0

0

0

0%

0%

0

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

41

2

39

0

-5%

-100%

67

1

5

-

CAPE COD | THE UPPER CAPE

7

WEB: 0840849

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-MAR 2015

CONDO

$686,737

$326,505

2015

$463,817

$315,554

% CHANGE

-32%

-3%

2014

245

181

2015

171

130

% CHANGE

-30%

-28%

2014

88%

98%

2015

94%

96%

% CHANGE

8%

-2%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

7

7

3

11

-57%

57%

4

10

4

3

$250,000 - $499,999

16

12

22

14

38%

17%

23

20

3

4

$500,000 -$ 749,999

3

0

4

1

33%

100%

20

2

15

6

$750,000 - $999,999

1

0

5

1

400%

100%

9

0

5

0

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

5

0

1

0

-80%

0%

10

0

30

-

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

1

0

0

0

-100%

0%

5

0

-

-

$4,000,000 AND UP

1

0

0

0

-100%

0%

0

0

-

-

34

19

35

27

3%

42%

71

32

6

4

TOTALS

8

SOLD JAN-MAR 2014

SF

2014

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ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 0019997 | $1,095,000 LOS ANGELES, CA | Web: 0027163 | $1,550,000 HOUSTON, TX | Web: 1240040 | $1,099,000 RESORT MARKETS TOPANGA, CA | Web: 1310038 | $1,395,000 PALM BEACH, FL | Web: 0076342 | $1,399,000 SANTA BARBARA, CA | Web: 0592885 | $1,499,000 FOREIGN MARKETS MUMBAI | Web: 7SWJ7M | $1,759,493 SOUTH AFRICA | Web: VXMN9L | $823,291 COSTA RICA | Web: MJJYKH | $1,650,000 sothebysrealty.com

9

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10

THE MID CAPE

WEB: 0402832

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 - MARCH 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

20

40

60

80

100

120

140

160

# UNITS SOLD

TOTAL UNITS SOLD MID CAPE

2014

2015

UNDER $250,000

115

84

$250,000 - $499,999

133

143

$500,000 -$ 749,999

19

27

$750,000 - $999,999

5

9

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

11

2

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

2

5

$4,000,000 AND UP

2

1

The number of units sold in the Mid Cape has decreased by 6% in 2015 as compared to 2014.

Barnstable’s average selling price in single family homes has decreased 14%, while the average selling price of condominiums has decreased 1%.

Over the same time frame in Barnstable, single family units have decreased 13%, however condominums have increased 15%.

Yarmouth single family units are up 4%, however condominiums are down 33%.

Dennis single family units increased 4% 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

$607,621

$231,581

2015

$521,694

$228,642

% CHANGE

-14%

-1%

2014

135

377

2015

139

266

% CHANGE

3%

-29%

2014

93%

95%

2015

92%

95%

% CHANGE

-1%

0%

ferry service to Nantucket and Martha’s Vineyard.

UNITS SOLD SOLD JAN-MAR 2014

SOLD JAN-MAR 2015

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

28

7

27

9

-4%

29%

14

5

2

2

$250,000 - $499,999

70

5

60

6

-14%

20%

81

12

4

6

$500,000 -$ 749,999

11

1

11

0

0%

-100%

32

1

9

-

$750,000 - $999,999

4

0

3

0

-25%

0%

11

0

11

-

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

8

0

2

0

-75%

0%

19

0

29

-

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

2

0

5

0

150%

0%

12

0

7

-

$4,000,000 AND UP

2

0

1

0

-50%

0%

4

0

12

-

125

13

109

15

-13%

15%

173

18

5

4

TOTALS

CAPE COD | THE MID CAPE

13

WEB: 21407893

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-MAR 2014

14

SOLD JAN-MAR 2015

SF

CONDO

2014

$288,584

$185,813

2015

$333,237

$222,094

% CHANGE

15%

20%

2014

121

151

2015

140

121

% CHANGE

16%

-20%

2014

96%

95%

2015

95%

94%

% CHANGE

-1%

0%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

32

21

23

10

-28%

-52%

18

6

2

2

$250,000 - $499,999

31

3

39

6

26%

100%

53

10

4

5

$500,000 -$ 749,999

3

0

5

0

67%

0%

11

0

7

-

$750,000 - $999,999

0

0

3

0

100%

0%

6

0

6

-

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

1

0

0

0

-100%

0%

3

0

-

-

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

0

0

0

0

0%

0%

0

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

67

24

70

16

4%

-33%

92

16

4

3

sothebysrealty.com

WEB: 21500560

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-MAR 2014

SOLD JAN-MAR 2015

SF

CONDO

2014

$358,010

$148,491

2015

$429,100

$260,730

% CHANGE

20%

76%

2014

167

130

2015

183

133

% CHANGE

10%

2%

2014

94%

94%

2015

94%

100%

% CHANGE

0%

6%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

18

9

6

9

-67%

0%

9

14

5

5

$250,000 - $499,999

22

2

27

5

23%

150%

34

5

4

3

$500,000 -$ 749,999

4

0

9

2

125%

100%

12

2

4

3

$750,000 - $999,999

1

0

3

0

200%

0%

9

0

9

-

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

2

0

0

0

-100%

0%

6

0

-

-

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

0

0

0

0

0%

0%

4

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

3

0

-

-

TOTALS

47

11

45

16

-4%

45%

77

21

5

4

CAPE COD | THE MID CAPE

15

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS BROOKLYN, NY | Web: 0137422 | $3,000,000 HOUSTON, TX | Web: 1240193 | $3,125,000 SAN FRANCISCO, CA | Web: 0087107 | $3,000,000 RESORT MARKETS MALIBU, CA | Web: 0343640 | $3,450,000 PALM BEACH, FL | Web: 0076552 | $2,995,000 SANTA BARBARA, CA | Web: 0632331 | $3,495,000 FOREIGN MARKETS ARGENTINA | Web: YMBRP8 | $3,700,000 ITALY | Web: T9LLLE | $3,006,550 ISRAEL | Web: VW4J7F | $3,534,996 sothebysrealty.com

16

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

17

LOWER CAPE SALES JANUARY - MARCH 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

20

40

60

80

100

120

# UNITS SOLD

TOTAL UNITS SOLD LOWER CAPE

2014

2015

UNDER $250,000

25

32

$250,000 - $499,999

84

96

$500,000 -$749,999

23

35

$750,000 - $999,999

14

13

Brewster has seen a 3% increase in single family unit sales year

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

16

18

over year, and condominiums are up by 325%.

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

5

5

Harwich single family units, like Brewster, saw an increase

$4,000,000 AND UP

1

0

compared to last year. Harwich performed with a 25% increase

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 18% in 2015 as compared to 2014.

in single family sales and a 13% increase in sales of condominium units.

Orleans experienced a 4% increase in average sales price for single family homes, while condomium prices increased 70%.

Chatham and Eastham both experienced increases in unit sales year over year, posting 8% and 6% increases in units respectively.

18

sothebysrealty.com

WEB: 21409508

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-MAR 2014

SOLD JAN-MAR 2015

SF

CONDO

2014

$444,241

$172,725

2015

$514,134

$230,432

% CHANGE

16%

33%

2014

124

113

2015

150

194

% CHANGE

21%

72%

2014

94%

95%

2015

93%

96%

% CHANGE

-1%

1%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

3

4

1

14

-67%

250%

0

8

0

2

$250,000 - $499,999

21

0

22

2

5%

100%

14

1

2

2

$500,000 -$ 749,999

8

0

7

0

-13%

0%

13

0

6

-

$750,000 - $999,999

0

0

0

1

0%

100%

2

0

-

0

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

1

0

4

0

300%

0%

5

0

4

-

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

0

0

0

0

0%

0%

1

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

33

4

34

17

3%

325%

35

9

3

2

CAPE COD | THE LOWER CAPE

19

WEB: 21204819

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-MAR 2014

SOLD JAN-MAR 2015

SF

CONDO

2014

$450,478

$272,313

2015

$497,732

$294,444

% CHANGE

10%

8%

2014

119

122

2015

122

252

% CHANGE

3%

107%

2014

94%

97%

2015

94%

93%

% CHANGE

0%

-4%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

6

5

4

7

-33%

40%

0

4

0

2

$250,000 - $499,999

23

2

32

0

39%

-100%

24

8

2

-

$500,000 -$ 749,999

4

1

7

2

75%

100%

10

2

4

3

$750,000 - $999,999

1

0

0

0

-100%

0%

4

0

-

-

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

2

0

1

0

-50%

0%

5

0

15

-

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

0

0

1

0

100%

0%

0

0

0

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

36

8

45

9

25%

13%

44

14

3

5

sothebysrealty.com

WEB: 21500149

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-MAR 2014

SOLD JAN-MAR 2015

SF

CONDO

2014

$737,176

$223,625

2015

$769,096

$380,500

% CHANGE

4%

70%

2014

192

129

2015

193

200

% CHANGE

1%

55%

2014

91%

95%

2015

95%

93%

% CHANGE

5%

-2%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

3

0

1

0%

-67%

0

3

-

9

$250,000 - $499,999

11

1

10

1

-9%

0%

2

2

1

6

$500,000 -$ 749,999

3

0

6

1

100%

100%

8

0

4

0

$750,000 - $999,999

4

0

4

0

0%

0%

7

0

5

-

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

4

0

5

0

25%

0%

2

0

1

-

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

1

0

1

0

0%

0%

3

0

9

-

$4,000,000 AND UP

0

0

0

0

0%

0%

3

0

-

-

TOTALS

23

4

26

3

13%

-25%

25

5

3

5

CAPE COD | THE LOWER CAPE

21

WEB: 0402851

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-MAR 2015

CONDO

$1,026,916

$281,250

2015

$820,968

$383,750

% CHANGE

-20%

36%

2014

300

198

2015

204

140

% CHANGE

-32%

-29%

2014

91%

97%

2015

95%

92%

% CHANGE

4%

-5%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

1

2

1

2

0%

0%

0

3

0

5

$250,000 - $499,999

12

1

15

1

25%

0%

5

2

1

6

$500,000 -$ 749,999

5

1

6

1

20%

0%

12

3

6

9

$750,000 - $999,999

7

0

7

0

0%

0%

8

0

3

-

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

8

0

8

0

0%

0%

9

1

3

-

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

3

0

3

0

0%

0%

14

0

14

-

$4,000,000 AND UP

1

0

0

0

-100%

0%

2

0

-

-

37

4

40

4

8%

0%

50

9

4

7

TOTALS

22

SOLD JAN-MAR 2014

SF

2014

sothebysrealty.com

WEB: 21500419

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

$607,861

$424,000

2015

$443,553

$161,000

% CHANGE

-27%

-62%

2014

206

139

2015

184

52

% CHANGE

-11%

-63%

2014

93%

97%

2015

94%

92%

% CHANGE

0%

-6%

and walks on the flats at low tide.

UNITS SOLD SOLD JAN-MAR 2014

SOLD JAN-MAR 2015

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

1

0

0

2

-100%

100%

1

1

-

2

$250,000 - $499,999

12

1

13

0

8%

-100%

16

1

4

-

$500,000 -$ 749,999

1

0

5

0

400%

0%

6

0

4

-

$750,000 - $999,999

2

0

1

0

-50%

0%

1

0

3

-

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

1

0

0

0

-100%

0%

3

0

-

-

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

1

0

0

0

-100%

0%

0

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

18

1

19

2

6%

100%

27

2

4

3

CAPE COD | THE LOWER CAPE

23

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 0019622 | $5,900,000 SAN FRANCISCO, CA | Web: 0087215 | $4,995,000 HOUSTON, TX | Web: 1231794 | $5,800,000 RESORT MARKETS MALIBU, CA | Web: 1300058 | $4,000,000 PALM BEACH, FL | Web: 0076497 | $4,400,000 SANTA BARBARA, CA | Web: 0113858 | $6,295,000 FOREIGN MARKETS GERMANY | Web: J7RDRQ | $5,207,774 ISRAEL | Web: VT8DZ5 | $5,049,995 PEURTO RICO | Web: CE6F6K | $4,750,000 sothebysrealty.com

24

THE OUTER CAPE

WEB: 21409191

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 - MARCH 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

5

10

15

20

25

30

# UNITS SOLD

TOTAL UNITS SOLD OUTER CAPE

2014

2015

UNDER $250,000

4

4

$250,000 - $499,999

27

21

$500,000 -$ 749,999

16

17

$750,000 - $999,999

8

4

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

2

4

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

1

2

$4,000,000 AND UP

0

1

The Outer Cape experienced a 9% decrease in unit sales year over year.

Wellfleet sales of single family units declined 62% while pricing increased by 153%. Condominiums are down by 28% in average selling price with a 50% reduction in unit sales.

Truro performed with a 25% increase in single family sales and a 67% increase in sales of condominium units.

Provincetown saw a 5% decrease in the average sales price of single family homes and a 15% increase in the sales price of condominium units. Unit sales were up 50% for single family homes and condominiums were down 8%.

26

sothebysrealty.com

WEB: 21408802

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-MAR 2014

SOLD JAN-MAR 2015

SF

CONDO

2014

$521,865

$352,688

2015

$1,318,500

$255,000

% CHANGE

153%

-28%

2014

169

240

2015

198

232

% CHANGE

17%

-3%

2014

93%

94%

2015

91%

97%

% CHANGE

-2%

4%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

2

0

0

1

-100%

100%

0

5

-

15

$250,000 - $499,999

5

3

4

1

-20%

-67%

3

0

2

0

$500,000 -$ 749,999

4

1

0

0

-100%

-100%

6

0

-

-

$750,000 - $999,999

1

0

0

0

-100%

0%

1

0

-

-

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

1

0

0

0

-100%

0%

4

0

-

-

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

0

0

0

0

0%

0%

0

0

-

-

$4,000,000 AND UP

0

0

1

0

100%

0%

2

0

6

-

TOTALS

13

4

5

2

-62%

-50%

16

5

10

8

CAPE COD | THE OUTER CAPE

27

WEB: 21405386

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-MAR 2014

SOLD JAN-MAR 2015

SF

CONDO

2014

$733,733

$333,333

2015

$951,850

$335,400

% CHANGE

30%

1%

2014

242

364

2015

205

92

% CHANGE

-15%

-75%

2014

93%

95%

2015

91%

98%

% CHANGE

-1%

2%

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

2

0

1

0%

-50%

0

3

-

9

$250,000 - $499,999

1

0

1

4

0%

100%

2

5

6

4

$500,000 -$ 749,999

3

1

5

0

67%

-100%

7

2

4

-

$750,000 - $999,999

3

0

2

0

-33%

0%

4

0

6

-

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

1

0

1

0

0%

0%

2

0

6

-

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

0

0

1

0

100%

0%

1

0

3

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

8

3

10

5

25%

67%

16

10

5

6

sothebysrealty.com

WEB: 21406636

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

$1,086,000

$459,854

2015

$1,029,139

$528,057

% CHANGE

-5%

15%

2014

191

197

2015

230

163

% CHANGE

20%

-17%

2014

92%

95%

2015

89%

95%

% CHANGE

-3%

0%

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

UNITS SOLD SOLD JAN-MAR 2014

SOLD JAN-MAR 2015

INVENTORY % CHANGE 2014 TO 2015

CURRENT INVENTORY (3-31-15)

# MONTHS OF INVENTORY (3-31-15)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

0

1

1

100%

100%

0

3

0

9

$250,000 - $499,999

1

17

2

9

100%

-47%

1

23

2

8

$500,000 -$ 749,999

1

6

2

10

100%

67%

2

12

3

4

$750,000 - $999,999

3

1

1

1

-67%

0%

4

4

12

12

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

0

0

2

1

100%

100%

6

2

9

6

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

1

0

1

0

0%

0%

0

0

0

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

6

24

9

22

50%

-8%

13

44

4

6

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

Dave Krohn

Reven Oliver

Sharon Craig vice president, 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

Jack Cotton

Sally Duffy

Patrick Ehart

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

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

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