Q1 | 2018
Cape Cod
Market Update
OYSTER HARBORS ESTATE
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All Cape Cod
Upper Cape
04 Market Snapshot
08 Market Snapshot
06 Featured Properties
10 Bourne 12 Falmouth 14 Mashpee 16 Sandwich
Cape Cod Brokerages falmouth brokerage
508.548.2522
osterville brokerage
508.428.9115
All data within this document is pulled from the Cape Cod & Islands MLS. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. 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. Equal housing opportunity.
Mid Cape
Lower Cape
18 Market Snapshot
28 Market Snapshot
20 Banstable
30 Brewster
24 Yarmouth
32 Harwich
26 Dennis
34 Orleans 36 Chatham 38 Eastham
Greg Kiely / Vice President/ Brokerage Manager
sothebyshomes.com/capecod
Market Snapshot Q1
Active Inventory by price points
All Cape Cod
600
Units by Region 500
400
Lower Cape Upper Cape
300
200
100
Mid Cape
Total Units Sold 224 290 153
Lower Cape
Lower Cape
Mid Cape
Mid Cape
Upper Cape
Upper Cape
-
Active Inventory by Price Point & Area
Upper Cape
Under $250k
Mid Cape
$250-$500k
Lower Cape
$500k - $1M $1 - $2M $2M+
Q1 Highlights
Median by Region
All Cape Cod
$600,000
Sales volume by price points Below $250K
$500,000
$2M and Above $400,000
$1M-$2M $300,000
$250K-$500K
$200,000
$500K - $1M $100,000
Median Selling Price
$
400k $ 351k $ 527k
Lower Cape
Mid Cape
Upper Cape
$Below $250K
$250K-$500K
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 3% 39 % 34 % 14 % 10 %
Upper Cape Mid Cape Lower Cape
5
Under $250k $250-$500k $500k - $1M $1 - $2M $2M+
/ Q1 Highlights / Cape Cod Q1 Market Update
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/ Cape Cod Featured Properties / Cape Cod Q1 Market Update
Market Snapshot Q1
Active by Price - Upper Cape
Upper Cape
200 Units by area - Market Snapshot 180 160
Bourne Mashpee
140 120 100 80
Falmouth
Sandwich
60 40 20
Total Units Sold 31 90 47 56
Mashpee
Mashpee
Sandwich
Sandwich
Falmouth
Falmouth
Bourne
Bourne
0
Active Inventory by Price Point & Area
Bourne
Under $250k
Falmouth
$250-$500k
Mashpee
$500k - $1M
Sandwich
$1 - $2M $2M+
upper cape
Upper Cape - Median
Bourne Falmouth Mashpee Sandwich Sold Volume by Price point - Market Snapshot
$430,000 $420,000
Below $250K
$2M and Above
$410,000 $400,000
$1M-$2M
$390,000
$250K-$500K
$380,000 $370,000
$500K - $1M
$360,000 $350,000
Median Selling Price 370k $ 415k $ 420k $ 370k $
Sandwich
Mashpee
Falmouth
Bourne
$340,000 Below $250K
$250K-$500K
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 3% 40% 33% 16 % 8%
Bourne Falmouth Mashpee Sandwich
9
Under $250k $250-$500k $500k - $1M $1 - $2M $2M+
/ Upper Cape / Cape Cod Q1 Market Update
at a glance {Q1 | 2018}
bourne
8
%
Change in Median Selling Price {2018 v 2017}
-38
%
Change in Units Sold {2018 v 2017}
31 Units Sold
370k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area
$380,000
60
$370,000
50
$360,000 $350,000
40
$340,000
30
$330,000 $320,000
20
$310,000
10
$300,000 $290,000
0
2015
2016
2017
2018
Median Selling Price
Total Units Sold
About
Bourne Home to the first trading center in America, the Aptucxet Trading Post, Bourne straddles the Cape Cod Canal and is considered the gateway to Cape Cod. 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. sothebyshomes.com/capecod
Q1
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
8%
8%
-
-38%
-20%
2018
$481,998
$370,000
-1%
61
31
121
2017
$445,900
$343,500
-2%
93
50
151
2016
$489,623
$366,500
-3%
122
39
132
2015
$351,023
$320,000
-2%
47
35
133
11
/ Bourne / Cape Cod Q1 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $420,000
140
$400,000
120 100
$380,000
80 $360,000 60 $340,000
40
$320,000
20
$300,000
0
2015
2016
2017
Median Selling Price
2018
Total Units Sold
About
Falmouth Falmouth, one of Cape Cod’s oldest resort communities, is accented by wonderful restaurants and shopping along Main Street and a vibrant art and cultural center. Located just across the Sound from Martha’s Vineyard, it is easy to catch a ferry to the island for a day trip. sothebyshomes.com/capecod
Q1
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
30%
6%
-
2018
$615,644
$415,000
-5%
2017
$474,129
$392,000
2016
$473,716
2015
$479,055
Cape Cod Q1 Market Update / Falmouth / 12
-25%
-23%
176
90
97
-2%
238
120
125
$349,500
-6%
257
92
156
$364,000
-4%
110
99
164
at a glance {Q1 | 2018}
falmouth
6
%
Change in Median Selling Price {2018 v 2017}
-25
%
Change in Units Sold {2018 v 2017}
90 Units Sold
415k
$
Median Selling Price
at a glance {Q1 | 2018}
mashpee
5
%
Change in Median Selling Price {2018 v 2017}
-3
%
Change in Units Sold {2018 v 2017}
56 Units Sold
420k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area
$450,000
70
$400,000
60
$350,000 50
$300,000 $250,000
40
$200,000
30
$150,000
20
$100,000 10
$50,000 $-
0
2015
2016
2017
2018
Median Selling Price
Total Units Sold
About
Mashpee Purchased in 1660 to be set aside for Native Americans, Mashpee Plantation was the first reservation in the United States and still has a strong Wampanoag culture and history. Mashpee includes the villages of New Seabury and Popponesset. sothebyshomes.com/capecod
Q1
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
-14%
5%
-
-3%
-13%
2018
$508,324
$419,623
-2%
166
56
122
2017
$590,073
$400,245
-4%
202
58
140
2016
$440,570
$324,750
-2%
220
40
192
2015
$478,174
$405,000
-4%
71
35
177
15
/ Mashpee / Cape Cod Q1 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area
$375,000
90
$370,000
80
$365,000
70
$360,000
60
$355,000 $350,000
50
$345,000
40
$340,000
30
$335,000
20
$330,000 $325,000
10
$320,000
0
2015
2016
2017
Median Selling Price
2018
Total Units Sold
About
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, museums, beautiful nature trails and north-side beaches. sothebyshomes.com/capecod
Q1
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
11%
3%
-
2018
$431,228
$370,000
-3%
2017
$388,401
$359,000
2016
$392,909
2015
$373,426
Cape Cod Q1 Market Update / Sandwich / 16
-34%
8%
108
47
122
0%
136
71
113
$341,500
-3%
149
82
154
$340,000
-1%
67
43
156
at a glance {Q1 | 2018}
sandwich
3
%
Change in Median Selling Price {2018 v 2017}
-34
%
Change in Units Sold {2018 v 2017}
47 Units Sold
370k
$
Median Selling Price
Market Snapshot Mid Cape
Active by Price - Mid Cape Units by area - Market Snapshot
350
300
Dennis
250
Barnstable
200
150
100
Yarmouth 50
Total Units Sold 129 99 62
Dennis
Dennis
Yarmouth
Barnstable
Barnstable
Yarmouth
0
Active Inventory by Price Point & Area
Barnstable
Under $250k
Yarmouth
$250-$500k
Dennis
$500k - $1M $1 - $2M $2M+
mid cape
Barnstable Yarmouth Dennis
Mid Cape - Median
Sold Volume by Price point - Market Snapshot Below $250K
$2M and Above
$380,000 $370,000 $360,000
$1M-$2M
$350,000 $340,000
$250K-$500K
$330,000
$500K - $1M
$320,000 $310,000
Dennis
Yarmouth
Barnstable
$300,000
Below $250K
$250K-$500K
Median Selling Price 374k $ 325k $ 360k $
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 4% 48 % 28 % 7% 13 %
Barnstable Yarmouth Dennis
19
Under $250k $250-$500k $500k - $1M $1 - $2M $2M+
/ Mid Cape Highlights / Cape Cod Q1 Market Update
at a glance {Q1 | 2018}
barnstable
7
%
Change in Median Selling Price {2018 v 2017}
-25
%
Change in Units Sold {2018 v 2017}
129 Units Sold
374k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area $400,000
200
$350,000
180 160
$300,000
140
$250,000
120
$200,000
100
$150,000
80 60
$100,000
40
$50,000
20
$-
0
2015
2016
2017
2018
Median Selling Price
Total Units Sold
About
Barnstable The town of Barnstable consists of seven villages and is the largest community both in land area and population on Cape Cod. It is also the center of county institutions as well as the economic and commercial center of the Cape. sothebyshomes.com/capecod
Q1
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
20%
7%
-
-25%
-30%
2018
$614,555
$374,000
-4%
298
129
107
2017
$513,005
$349,500
-3%
355
172
152
2016
$541,614
$317,000
-4%
415
148
168
2015
$519,560
$305,000
-4%
173
110
139
21
/ Barnstable / Cape Cod Q1 Market Update
barnstable
Town Highlights Barnstable {Median Selling Price | Over Four Years} $460,000
11
$440,000 $420,000
Units Sold
110
$400,000 $380,000
Average DOM $360,000 $340,000
2015
2016
2017
2018
Centerville {Median Selling Price | Over Four Years} $400,000 $350,000 $300,000
-3.2
%
Discount Ratio
32
Units Sold
$250,000
115
$200,000 $150,000
Average DOM
$100,000 $50,000 $-
2015
2016
2017
2018
-3.7
%
Discount Ratio
barnstable town highlights
Cotuit {Median Selling Price | Over Four Years} $600,000
10
$500,000 $400,000
Units Sold
93
$300,000 $200,000
Average DOM
$100,000 $-
2015
2016
2017
2018
-5.5
%
Discount Ratio
Hyannisport/West Hyannisport {Median Selling Price | Over Four Years} $1,200,000
5
$1,000,000
Units Sold
$800,000
108
$600,000 $400,000
Average DOM
$200,000 $-
2015
2016
2017
2018
Osterville {Median Selling Price | Over Four Years} $1,800,000
$1,600,000 $1,400,000
0
%
Discount Ratio
15
Units Sold
$1,200,000
154
$1,000,000 $800,000 $600,000
Average DOM
$400,000
-3.4
%
$200,000 $-
2015
2016
2017
2018
23
Discount Ratio
/ Barnstable Town Highlights / Cape Cod Q1 Market Update
| Units vs Median - Area
Median Selling Price Total Units Sold $330,000
120
$320,000
100
$310,000 $300,000
80
$290,000
60
$280,000 $270,000
40
$260,000
20
$250,000 $240,000
0
2015
2016
2017
Median Selling Price
2018
Total Units Sold
About
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. sothebyshomes.com/capecod
Q1
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
19%
12%
-
2018
$415,413
$325,000
-1%
2017
$350,287
$289,000
2016
$338,149
2015
$326,907
Cape Cod Q1 Market Update / Yarmouth / 24
0%
-8%
143
99
97
-4%
171
99
106
$274,200
-4%
161
94
133
$272,000
-6%
92
74
150
at a glance {Q1 | 2018}
yarmouth
12
%
Change in Median Selling Price {2018 v 2017}
0
%
Change in Units Sold {2018 v 2017}
99 Units Sold
325k
$
Median Selling Price
at a glance {Q1 | 2018}
dennis
-7
%
Change in Median Selling Price {2018 v 2017}
17
%
Change in Units Sold {2018 v 2017}
62 Units Sold
360k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area
$450,000
70
$400,000
60
$350,000 50
$300,000 $250,000
40
$200,000
30
$150,000
20
$100,000 10
$50,000 $-
0
2015
2016
2017
2018
Median Selling Price
Total Units Sold
About
Dennis Another of Cape Cod’s historic treasures, Dennis offers a bit of everything for everyone. Its southern coastline features one of Cape Cod’s most visited sandy shores, West Dennis Beach, punctuated by cottage colonies and salt-air breezes. sothebyshomes.com/capecod
Q1
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
-5%
-7%
-
17%
-10%
2018
$449,190
$360,500
-2%
120
62
96
2017
$471,579
$389,000
-1%
164
53
108
2016
$386,135
$288,250
-5%
138
60
121
2015
$425,715
$367,500
-8%
77
47
184
27
/ Dennis / Cape Cod Q1 Market Update
Market Snapshot Q1
Active by Price - Lower Cape
Lower Cape
Units by area - Market Snapshot 160 140
Eastham
Brewster
120 100 80
Chatham Harwich
60 40 20
Orleans
Total Units Sold 27 44 22 37 23
Eastham
Eastham
Chatham
Chatham
Orleans
Orleans
Harwich
Harwich
Brewster
Brewster
0
Active Inventory by Price Point & Area
Brewster
Under $250k
Harwich
$250-$500k
Orleans
$500k - $1M
Chatham
$1 - $2M
Eastham
$2M+
lower cape
Brewster Harwich Orleans Chatham Eastham Sold Volume by Price point - Market Snapshot
Lower Cape - Median
$2M and Above
$800,000
Below $250K
$700,000 $600,000
$250K-$500K
$500,000
$1M-$2M
$400,000 $300,000 $200,000
$500K - $1M
$100,000
Eastham
Chatham
Orleans
Brewster
Harwich
$-
Below $250K
$250K-$500K
Median Selling Price 500k $ 437k $ 675k $ 705k $ 490k $
$500K - $1M
$1M-$2M
$2M and Above
Total Volume by Price Point 0.9% 25 % 41.7 % 22.7 % 9.7%
Brewster Harwich Orleans Chatham Eastham
29
Under $250k $250-$500k $500k - $1M $1 - $2M $2M+
/ Lower Cape Highlights / Cape Cod Q1 Market Update
at a glance {Q1 | 2018}
brewster
19
%
Change in Median Selling Price {2018 v 2017}
-18
%
Change in Units Sold {2018 v 2017}
27 Units Sold
500k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area $600,000
40 35
$500,000
30 $400,000
25
$300,000
20 15
$200,000
10 $100,000
5
$-
0
2015
2016
2017
2018
Median Selling Price
Total Units Sold
About
Brewster Known as the “sea captain’s town,” Brewster is located on the north side of Cape Cod. 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. sothebyshomes.com/capecod
Q1
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
13%
19%
-
-18%
-20%
2018
$557,415
$500,300
-6%
66
27
130
2017
$493,048
$422,050
-2%
70
33
161
2016
$470,645
$429,950
-5%
72
28
142
2015
$511,873
$408,000
-7%
35
35
150
31
/ Brewster / Cape Cod Q1 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area
$500,000
60
$450,000 50
$400,000 $350,000
40
$300,000 $250,000
30
$200,000 20
$150,000 $100,000
10
$50,000 $-
0
2015
2016
2017
Median Selling Price
2018
Total Units Sold
About
Harwich Harwich is located to the south of Brewster and is home to some of the most beautiful harbors on Cape Cod. There are many deep-water ports to provide shelter from a storm in Harwich. sothebyshomes.com/capecod
Q1
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
33%
11%
-
2018
$584,822
$437,000
-3%
2017
$440,413
$393,000
2016
$387,731
2015
$497,732
Cape Cod Q1 Market Update / Harwich / 32
-15%
-37%
84
44
98
-4%
100
52
154
$330,000
-3%
129
42
131
$389,500
-7%
44
46
122
at a glance {Q1 | 2018}
harwich
11
%
Change in Median Selling Price {2018 v 2017}
-15
%
Change in Units Sold {2018 v 2017}
44 Units Sold
437k
$
Median Selling Price
at a glance {Q1 | 2018}
orleans
-13
%
Change in Median Selling Price {2018 v 2017}
57
%
Change in Units Sold {2018 v 2017}
22 Units Sold
675k
$
Median Selling Price
| Units vs Median - Area
Median Selling Price Total Units Sold $900,000
30
$800,000
25
$700,000 $600,000
20
$500,000
15
$400,000 $300,000
10
$200,000
5
$100,000 $-
0
2015
2016
2017
2018
Median Selling Price
Total Units Sold
About
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. sothebyshomes.com/capecod
Q1
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
-11%
-13%
-
57%
28%
2018
$757,575
$675,000
-1%
59
22
177
2017
$851,500
$777,500
-5%
77
14
138
2016
$811,342
$741,350
-3%
77
24
248
2015
$769,096
$603,750
-10%
25
26
193
35
/ Orleans / Cape Cod Q1 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area
$900,000
45
$800,000
40
$700,000
35
$600,000
30
$500,000
25
$400,000
20
$300,000
15
$200,000
10
$100,000
5
$-
0
2015
2016
2017
Median Selling Price
2018
Total Units Sold
About
Chatham Few places encompass the historic charm of this quaint “fishing village� by the sea. Chatham is home to a picture-perfect Main Street with village shops, world-class inns and wonderful restaurants. sothebyshomes.com/capecod
Q1
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
-2%
15%
-
2018
$866,422
$705,000
-6%
2017
$884,223
$615,000
2016
$1,261,771
2015
$820,968
Cape Cod Q1 Market Update / Chatham / 36
12%
-13%
142
37
151
-4%
172
33
173
$772,000
-3%
175
31
220
$626,750
-5%
50
40
203
at a glance {Q1 | 2018}
chatham
15
%
Change in Median Selling Price {2018 v 2017}
12
%
Change in Units Sold {2018 v 2017}
37 Units Sold
705k
$
Median Selling Price
at a glance {Q1 | 2018}
eastham
17
%
Change in Median Selling Price {2018 v 2017}
-4
%
Change in Units Sold {2018 v 2017}
23 Units Sold
490k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area
$600,000
30
$500,000
25
$400,000
20
$300,000
15
$200,000
10
$100,000
5
$-
0
2015
2016
2017
2018
Median Selling Price
Total Units Sold
About
Eastham Eastham was home to the site of the first meeting between the Pilgrims and Nauset Indians at First Encounter Beach in 1620 as well as Coast Guard Beach, which has been named one of the top ten beaches in the world. sothebyshomes.com/capecod
Q1
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
-8%
17%
-
-4%
-33%
2018
$531,713
$490,000
-2%
57
23
94
2017
$575,789
$420,000
-3%
69
24
141
2016
$452,658
$405,000
-3%
84
19
198
2015
$515,476
$390,000
-7%
27
21
173
39
/ Eastham / Cape Cod Q1 Market Update
THOMAS MOLESWORTH Club Chair, Drum Table Lamp and Side Table, circa 1935-1950 Estimates $6,000–8,000, $8,000–12,000, $3,000–5,000 respectively
The Ruth and Jake Bloom Collection Auction New York 23 May 2018
Viewing 19–22 May 1334 YORK AVENUE, NEW YORK, NY 10021 ENQUIRIES +1 212 606 7170 20THCENTURYDESIGN@SOTHEBYS.COM SOTHEBYS.COM/MOLESWORTH