Cape Cod Market Update - 3rd Quarter 2014

Cape Cod Market Update Third Quarter 2014 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,

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:

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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

Provincetown.

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.

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

Cape Cod’s location provides access to many activities both on the

Orleans

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

water and land, and its temperate climate, thanks to the nearby Gulf

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

ple, located just off the shore of Provincetown to the northwest is the

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whale watching. And, many of the towns’ harbors provide deep-water

Each Office is Independently Owned and Operated.

access to sportfishing and world-class sailing. Additionally, Cape Cod

Stellwagen Bank National Marine Sanctuary, a renowned location for

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

Atlantic Bay Provincetown

168 Commercial Street | Provincetown, MA 02657 508.487.2430 | atlanticbaysir.com Each Office is Independently Owned and Operated.

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

golf courses; many designed by today’s biggest golf course architects including Reese Jones, Geoffrey Cornish, Skip Wogan and Brian Silva.

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

When describing a location on Cape Cod, locals refer to four distinct regions: the Upper Cape is the region located closest to the mainland, the 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 - SEPTEMBER 2014 2014

2013

UNDER $250,000

$250,000 - $499,999

$500,000 -$ 749,999

$750,000 - $999,999

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

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

$4,000,000 AND UP

0

100

200

300

400

500

600

700

# UNITS SOLD

TOTAL UNITS SOLD UPPER CAPE

2013

2014

UNDER $250,000

283

229

$250,000 - $499,999

612

634

$500,000 -$ 749,999

134

126

$750,000 - $999,999

47

41

units. Bourne’s Single Family unit sales are down 10% and

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

40

46

condominiums are down 30%.

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

10

19

Falmouth Single Family units are flat and condominium sales

$4,000,000 AND UP

3

3

The number of units sold in the Upper Cape has decreased by 3% in 2014 as compared to 2013.

Bourne has experienced a 16% increase in the average selling price of a single family unit and a 16% increase in condominium

have increased by 12%. Falmouth has seen a 2% decrease in the average selling price of a single family home while there has been an increase of 3% in condominiums.

Sandwich’s Single Family unit sales have decreased by 11% and condominiums have increased by 64%. Sandwich’s average selling price of a single family has decreased by 4% while condominiums have increased by 36%.

Single Family sales in Mashpee have increased by 2% and condominiums by 4%. There has been a 27% increase in the average selling price of single family homes and a 15% increase in condominiums.

4

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WEB: 0840775

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 2013

SOLD JAN-SEPT 2014

SF

CONDO

2013

$399,610

$240,650

2014

$462,742

$279,229

% CHANGE

16%

16%

2013

145

142

2014

158

139

% CHANGE

9%

-2%

2013

92%

97%

2014

94%

96%

% CHANGE

2%

0%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

30

25

31

14

3%

-44%

22

17

6

11

$250,000 - $499,999

77

15

68

14

-12%

-7%

71

4

9

3

$500,000 -$ 749,999

17

0

12

0

-29%

0%

18

0

14

-

$750,000 - $999,999

4

0

1

0

-75%

0%

8

0

72

-

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

5

0

4

0

-20%

0%

9

0

20

-

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

1

0

5

0

400%

0%

3

0

5

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

134

40

121

28

-10%

-30%

131

21

10

7

TOTALS

CAPE COD | THE UPPER CAPE

5

WEB: 0840676

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 2013

CONDO

$536,434

$375,555

2014

$527,418

$386,523

% CHANGE

-2%

3%

2013

143

201

2014

137

195

% CHANGE

-4%

-3%

2013

94%

96%

2014

94%

96%

% CHANGE

0%

-1%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

86

8

68

11

-21%

38%

27

4

4

3

$250,000 - $499,999

175

30

205

26

17%

-13%

140

12

6

4

$500,000 -$ 749,999

80

1

66

8

-18%

700%

58

10

8

11

$750,000 - $999,999

22

1

27

0

23%

-100%

46

1

15

-

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

23

1

15

1

-35%

0%

37

0

22

0

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

5

0

10

0

100%

0%

18

0

16

-

$4,000,000 AND UP

3

0

2

0

-33%

0%

8

0

36

-

394

41

393

46

0%

12%

334

27

8

5

TOTALS

6

SOLD JAN-SEPT 2014

SF

2013

sothebysrealty.com

WEB: 0403076

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 2013

SOLD JAN-SEPT 2014

SF

CONDO

2013

$386,549

$138,682

2014

$372,247

$189,194

% CHANGE

-4%

36%

2013

140

274

2014

139

93

% CHANGE

-1%

-66%

2013

96%

95%

2014

96%

95%

% CHANGE

1%

0%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

43

11

25

17

-42%

55%

19

11

7

6

$250,000 - $499,999

151

0

150

1

-1%

100%

110

0

7

0

$500,000 -$ 749,999

19

0

19

0

0%

0%

33

0

16

-

$750,000 - $999,999

10

0

5

0

-50%

0%

25

0

45

-

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

4

0

2

0

-50%

0%

10

0

45

-

$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

-

-

227

11

201

18

-11%

64%

198

11

9

6

TOTALS

CAPE COD | THE UPPER CAPE

7

WEB: 0840821

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 2013

CONDO

$458,295

$283,506

2014

$581,554

$327,353

% CHANGE

27%

15%

2013

143

159

2014

178

128

% CHANGE

24%

-19%

2013

93%

97%

2014

94%

97%

% CHANGE

1%

1%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

44

36

32

31

-27%

-14%

10

16

3

5

$250,000 - $499,999

84

80

80

90

-5%

13%

64

43

7

4

$500,000 -$ 749,999

15

2

20

1

33%

-50%

39

6

18

54

$750,000 - $999,999

10

0

8

0

-20%

0%

20

2

23

-

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

7

0

23

1

229%

100%

35

0

14

0

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

4

0

4

0

0%

0%

8

0

18

-

$4,000,000 AND UP

0

0

1

0

100%

0%

4

0

36

-

164

118

168

123

2%

4%

180

67

10

5

TOTALS

8

SOLD JAN-SEPT 2014

SF

2013

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ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 0019670 | $4,750,000 HOUSTON, TX | Web: 1250117 | $5,999,900 HILLSBOROUGH, CA | Web: 0086933 | $6,985,000 RESORT MARKETS AGOURA, CA | Web: 1290006 | $5,399,000 MONTECITO, CA | Web: 0113855 | $4,995,000 PALM BEACH, FL | Web: 0076361 | $6,80,000 FOREIGN MARKETS HONG KONG | Web: S7RFQ8 | $4,902,403 ITALY | Web: RVVKQ4 | $5,426,357 FRANCE | Web: NM2GG7 | $5,361,757 sothebysrealty.com

9

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THE MID CAPE

WEB: 0402773

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 2014 2014

2013

UNDER $250,000

$250,000 - $499,999

$500,000 -$749,999

$750,000 - $999,999

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

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

$4,000,000 AND UP

0

100

200

300

400

500

600

700

# UNITS SOLD

TOTAL UNITS SOLD MID CAPE

2013

2014

UNDER $250,000

533

461

$250,000 - $499,999

602

660

$500,000 -$ 749,999

127

122

$750,000 - $999,999

32

42

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

43

33

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

16

12

$4,000,000 AND UP

5

5

The number of units sold in the Mid Cape has decreased by 2% in 2014 as compared to 2013.

Barnstable’s average selling price in single family homes has increased 2%, while the average selling price of condominiums has also increased to 8%.

Over the same time frame in Barnstable, single family units have decreased 5%, however condominums have increased 6%.

Yarmouth single family units are down 5% however condominiums are up 25%.

Dennis single family units are up a nominal 1%, however condominums are down 4% for 2014 vs 2013.

12

sothebysrealty.com

WEB: 0403068

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

2013

$513,500

$222,761

2014

$523,331

$239,926

% CHANGE

2%

8%

2013

152

202

2014

124

181

% CHANGE

-18%

-10%

2013

93%

95%

2014

94%

95%

% CHANGE

1%

-1%

ferry service to Nantucket and Martha’s Vineyard.

UNITS SOLD SOLD JAN-SEPT 2013

SOLD JAN-SEPT 2014

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

170

39

111

39

-35%

0%

40

13

3

3

$250,000 - $499,999

277

22

316

26

14%

18%

188

7

5

2

$500,000 -$ 749,999

55

4

51

4

-7%

0%

78

7

14

16

$750,000 - $999,999

19

0

25

0

32%

0%

46

0

17

-

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

33

0

26

0

-21%

0%

54

1

19

-

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

13

0

9

0

-31%

0%

29

0

29

-

$4,000,000 AND UP

5

0

4

0

-20%

0%

13

0

29

-

572

65

542

69

-5%

6%

448

28

7

4

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-SEPT 2013

CONDO

$311,757

$200,762

2014

$316,537

$240,628

% CHANGE

2%

20%

2013

136

135

2014

126

165

% CHANGE

-7%

22%

2013

95%

96%

2014

95%

96%

% CHANGE

0%

0%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

137

59

130

63

-5%

7%

48

24

3

3

$250,000 - $499,999

165

16

156

28

-5%

75%

140

15

8

5

$500,000 -$ 749,999

24

1

24

4

0%

300%

29

0

11

0

$750,000 - $999,999

4

0

4

0

0%

0%

16

0

36

-

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

3

0

4

0

33%

0%

5

0

11

-

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

0

0

0

0

0%

0%

5

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

333

76

318

95

-5%

25%

244

39

7

4

TOTALS

14

SOLD JAN-SEPT 2014

SF

2013

sothebysrealty.com

WEB: 21406629

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 2013

SOLD JAN-SEPT 2014

SF

CONDO

2013

$409,052

$146,365

2014

$400,496

$261,553

% CHANGE

-2%

79%

2013

115

163

2014

141

149

% CHANGE

23%

-9%

2013

94%

94%

2014

94%

100%

% CHANGE

-1%

6%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

68

60

72

46

6%

-23%

32

49

4

10

$250,000 - $499,999

114

8

126

8

11%

0%

78

9

6

10

$500,000 -$ 749,999

43

0

30

9

-30%

100%

36

6

11

6

$750,000 - $999,999

9

0

11

2

22%

100%

27

0

22

0

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

7

0

3

0

-57%

0%

17

1

51

-

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

3

0

3

0

0%

0%

3

0

9

-

$4,000,000 AND UP

0

0

1

0

100%

0%

2

0

18

-

244

68

246

65

1%

-4%

195

65

7

9

TOTALS

CAPE COD | THE MID CAPE

15

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 0137370 | $2,895,000 HOUSTON, TX | Web: 1231558 | $3,649,000 SAN FRANCISCO, CA | Web: 0086965 | $3,995,000 RESORT MARKETS MALIBU, CA | Web: 1300004 | $2,495,000 WEST PALM BEACH, FL | Web: 0074827 | $3,795,000 SUMMERLAND, CA | Web: 0632268 | $3,750,000 FOREIGN MARKETS HONG KONG | Web: DDH648 | $2,838,234 ITALY | Web: ZV27TP | $3,165,375 FRANCE | Web: BMWKQP | Price Upon Request 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 - SEPTEMBER 2014 2014

2013

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

2013

2014

UNDER $250,000

141

113

$250,000 - $499,999

402

359

$500,000 -$ 749,999

127

109

$750,000 - $999,999

51

65

Brewster has seen a 5% increase in single family unit sales

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

54

53

year over year, and condominiums are flat at 53 units. Although

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

12

24

Brewster increased single family units,

1

2

Harwich saw a decrease. Harwich performed with a 27%

$4,000,000 AND UP

The five Towns comprising the Lower Cape have experienced a decrease in 2014 when compared to 2013.

The number of units sold in the Lower Cape are down by about 8% in 2014 as compared to 2013.

decrease in single family sales and a 3% increase in sales of condominium units.

Orleans experienced a 3% increase in average sales price for single family homes, while condomium prices increased 28%.

Chatham experienced an increase in single family sales year over year of 10% while Eastham posted a decline of 4%.

18

sothebysrealty.com

WEB: 21400376

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 2013

SOLD JAN-SEPT 2014

SF

CONDO

2013

$479,260

$203,208

2014

$460,438

$232,078

% CHANGE

-4%

14%

2013

132

162

2014

111

111

% CHANGE

-16%

-31%

2013

95%

95%

2014

95%

95%

% CHANGE

1%

0%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

8

39

5

36

-38%

-8%

0

15

0

4

$250,000 - $499,999

71

12

80

13

13%

8%

39

4

4

3

$500,000 -$ 749,999

21

1

23

3

10%

200%

32

0

13

0

$750,000 - $999,999

6

1

5

0

-17%

-100%

17

0

31

-

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

6

0

5

1

-17%

100%

10

2

18

18

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

0

0

0

0

0%

0%

3

0

-

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

112

53

118

53

5%

0%

102

21

8

4

TOTALS

CAPE COD | THE LOWER CAPE

19

WEB: 21402269

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 2013

CONDO

$442,655

$248,480

2014

$464,262

$367,679

% CHANGE

5%

48%

2013

131

181

2014

115

149

% CHANGE

-12%

-18%

2013

95%

95%

2014

94%

94%

% CHANGE

0%

-2%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

31

21

18

20

-42%

-5%

7

16

4

7

$250,000 - $499,999

138

6

107

7

-22%

17%

86

4

7

5

$500,000 -$ 749,999

32

3

17

2

-47%

-33%

38

4

20

18

$750,000 - $999,999

12

0

11

1

-8%

100%

16

0

13

0

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

6

0

6

0

0%

0%

10

0

15

-

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

2

0

2

1

0%

100%

5

0

23

0

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

221

30

161

31

-27%

3%

162

24

9

7

TOTALS

20

SOLD JAN-SEPT 2014

SF

2013

sothebysrealty.com

WEB: 21406296

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 2013

SOLD JAN-SEPT 2014

SF

CONDO

2013

$738,471

$270,065

2014

$760,032

$195,012

% CHANGE

3%

-28%

2013

154

205

2014

171

122

% CHANGE

11%

-40%

2013

93%

96%

2014

94%

95%

% CHANGE

1%

-1%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

3

15

0

21

-100%

40%

0

6

-

3

$250,000 - $499,999

29

9

25

3

-14%

-67%

27

6

10

18

$500,000 -$ 749,999

25

1

20

1

-20%

0%

20

0

9

0

$750,000 - $999,999

16

1

22

0

38%

-100%

17

0

7

-

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

15

0

11

0

-27%

0%

17

0

14

-

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

0

0

2

0

100%

0%

10

0

45

-

$4,000,000 AND UP

1

0

0

0

-100%

0%

1

0

-

-

89

26

80

25

-10%

-4%

92

12

10

4

UNDER $250,000

TOTALS

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-SEPT 2013

CONDO

$821,477

$289,618

2014

$980,850

$347,300

% CHANGE

19%

20%

2013

215

301

2014

237

172

% CHANGE

10%

-43%

2013

94%

95%

2014

92%

95%

% CHANGE

-2%

0%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

1

13

2

5

100%

-62%

0

1

0

2

$250,000 - $499,999

61

2

53

6

-13%

200%

39

12

7

18

$500,000 -$ 749,999

28

4

27

4

-4%

0%

42

8

14

18

$750,000 - $999,999

14

0

23

0

64%

0%

19

3

7

-

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

24

0

28

0

17%

0%

49

0

16

-

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

9

0

16

0

78%

0%

15

0

8

-

$4,000,000 AND UP

0

0

2

0

100%

0%

4

0

18

-

137

19

151

15

10%

-21%

168

24

10

14

UNDER $250,000

TOTALS

22

SOLD JAN-SEPT 2014

SF

2013

sothebysrealty.com

WEB: 21406710

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

2013

$472,909

$229,389

2014

$530,343

$288,333

% CHANGE

12%

26%

2013

175

195

2014

147

182

% CHANGE

-16%

-7%

2013

95%

94%

2014

95%

96%

% CHANGE

0%

2%

and walks on the flats at low tide.

UNITS SOLD SOLD JAN-SEPT 2013

SOLD JAN-SEPT 2014

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

5

5

5

1

0%

-80%

5

5

9

45

$250,000 - $499,999

70

4

63

2

-10%

-50%

63

8

9

36

$500,000 -$ 749,999

12

0

12

0

0%

0%

32

0

24

-

$750,000 - $999,999

1

0

3

0

200%

0%

7

0

21

-

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

3

0

2

0

-33%

0%

6

0

27

-

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

1

0

3

0

200%

0%

1

0

3

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

92

9

88

3

-4%

-67%

114

13

12

39

CAPE COD | THE LOWER CAPE

23

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 0137363 | $1,395,000 SAN FRANCISCO, CA | Web: 0086970 | $1,150,000 HOUSTON, TX | Web: 1231623 | $1,135,000 RESORT MARKETS MALIBU, CA | Web: 0172715 | $1,395,000 PALM BEACH, FL | Web: 0076041 | $1,300,000 SANTA BARBARA, CA | Web: 0592855 | $1,495,000 FOREIGN MARKETS ITALY | Web: X9KSXW | $1,421,189 FRANCE | Web: VNKDFW | $1,614,987 BRITISH VIRGIN ISLANDS | Web: GET2NC | $1,250,000 sothebysrealty.com

24

THE OUTER CAPE

WEB: 21209097

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 2014 2014

2013

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 OUTER CAPE

2013

2014

UNDER $250,000

35

25

$250,000 - $499,999

99

98

$500,000 -$ 749,999

49

75

$750,000 - $999,999

28

26

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

16

13

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

4

4

$4,000,000 AND UP

0

0

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

Wellfleet sales of single family units increased 29% while pricing increased by 4%. Condominiums are up by 39% in average selling price with a 29% increase in unit sales.

Truro performed with a 22% decrease in single family sales and a 29% decrease in sales of condominium units.

Provincetown saw a 1% decrease in the average sales price of single family homes and a 4% increase in the sales price of condominium units. Unit sales were down 25% for single family homes and condominiums were up 17%.

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-SEPT 2013

SOLD JAN-SEPT 2014

SF

CONDO

2013

$526,103

$236,629

2014

$548,189

$329,694

% CHANGE

4%

39%

2013

215

212

2014

173

290

% CHANGE

-20%

37%

2013

94%

95%

2014

95%

97%

% CHANGE

0%

1%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

5

5

2

3

-60%

-40%

3

4

14

12

$250,000 - $499,999

23

2

30

4

30%

100%

10

2

3

5

$500,000 -$ 749,999

12

0

20

2

67%

100%

18

0

8

0

$750,000 - $999,999

4

0

6

0

50%

0%

6

0

9

-

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

4

0

4

0

0%

0%

6

0

14

-

$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%

2

0

-

-

TOTALS

48

7

62

9

29%

29%

47

6

7

6

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 SOLD JAN-SEPT 2013

28

SOLD JAN-SEPT 2014

SF

CONDO

2013

$597,654

$270,000

2014

$789,340

$257,500

% CHANGE

32%

-5%

2013

239

223

2014

194

207

% CHANGE

-19%

-7%

2013

94%

93%

2014

93%

92%

% CHANGE

-1%

-1%

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

2

10

0

7

-100%

-30%

0

12

-

15

$250,000 - $499,999

14

6

8

4

-43%

-33%

8

30

9

68

$500,000 -$ 749,999

11

0

9

1

-18%

100%

26

4

26

36

$750,000 - $999,999

9

1

7

0

-22%

-100%

15

0

19

-

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

1

0

4

0

300%

0%

9

0

20

-

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

0

0

1

0

100%

0%

5

0

45

-

$4,000,000 AND UP

0

0

0

0

0%

0%

1

0

-

-

TOTALS

37

17

29

12

-22%

-29%

64

46

20

35

sothebysrealty.com

WEB: 21409615

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

2013

$1,037,924

$432,219

2014

$1,028,063

$449,717

% CHANGE

-1%

4%

2013

206

166

2014

241

162

% CHANGE

17%

-2%

2013

92%

96%

2014

93%

96%

% CHANGE

0%

0%

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

UNITS SOLD SOLD JAN-SEPT 2013

SOLD JAN-SEPT 2014

INVENTORY % CHANGE 2013 TO 2014

CURRENT INVENTORY (10/01/14)

# MONTHS OF INVENTORY (10/01/14)

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

SF

CONDO

UNDER $250,000

0

13

0

13

0%

0%

0

12

-

8

$250,000 - $499,999

6

48

2

50

-67%

4%

5

35

23

6

$500,000 -$ 749,999

5

21

8

35

60%

67%

2

20

2

5

$750,000 - $999,999

8

6

8

5

0%

-17%

6

9

7

16

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

9

2

3

2

-67%

0%

11

4

33

18

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

4

0

3

0

-25%

0%

3

1

9

-

$4,000,000 AND UP

0

0

0

0

0%

0%

0

0

-

-

TOTALS

32

90

24

105

-25%

17%

27

81

10

7

CAPE COD | THE OUTER CAPE

29

Howard Hayes owner/ broker

oldCape

Ken Hager brokerage manager

Dolores Alberti

John Allen

Karen Arnold

Susan BakerOutslay

Len Coakley

Debbie Cody

Karin Daffinee

Eric Ehnstrom

Jo-Ellen Erickson

Peggy Farber

Tracie Griffith Vincent

Hardman/Liberles

Joseph Hartung

Deidre Hedmark

Dee Higgins

Andrea Jalbert

Daneen Law

David Marsh

Laurie McCann

Diane Miller

Dianne Mongeau

Pam Roberts

Brandy Salvador

Jeff Smith

Eva Scott

Gayle Tambolleo

Jim Trainor

Natalia Weiner

Susan Winslow

Carla Hemmings

Barbara O’Brien

Mary Jane Ryan

oldcape.com

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

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

Each Office is Independently Owned and Operated.

Provincetown

Atlantic Bay

Emily Flax

broker/owner

168 Commercial Street Provincetown, MA 02657 508.487.2430

David Nicolau

Sue Buerkel

broker/owner

Each Office is Independently Owned and Operated.

30

Mary Cabral

Ruth Gilbert

atlanticbaysir.com

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

Jack Cotton

Sally Duffy

Patrick Ehart

Cynthia Eisen

Bob Foley

Gail Germain Martis

Margaret Gifford

Susan Gill

Ginny Guimond

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

Debbie Reed

Colleen Riley

Peggy Rowland

Donna Sawyer

Peter Sivco

Steven Strojny

Nancy Sullivan

Pat Thatcher

Laura Thomson

Ellen Valentgas

Nicole Vautrain

Beverly Wall-Cedrone

John Weyand

Samuel Wilson

Joan Witter

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

Masterpieces in the Making

tM

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