Cape Cod Market Update | Q2 2020

Q2 | 2020

Cape Cod

Market Update

WIANNO BEACHFRONT 191SEAVIEWAVENUE.com

Offered at $5,600,000

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

sothebysrealty.com

Market Snapshot Q2

All Cape Cod

Active Inventory by price points Units by Region 600

500

400

Lower Cape

Upper Cape 300

200

100

Mid Cape

Total Units Sold 307 331 229

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+

Q2 Highlights

Median by Region

All Cape Cod

Sales volume by price points $600,000

Below $250K

$500,000

$2M and Above

$400,000

$250K-$500K $1M-$2M

$300,000

$200,000

$100,000

$500K - $1M

Median Selling Price 455k $ 380k $ 570k $

Lower Cape

Mid Cape

Upper Cape

$-

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 1% 33 % 35 % 16 % 15 %

Upper Cape Mid Cape Lower Cape

5

Under $250k $250-$500k $500k - $1m $1 - $2m $2m+

/ Q2 Highlights / Cape Cod Q2 Market Update

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/ Cape Cod Featured Properties / Cape Cod Q2 Market Update

Market Snapshot Upper Cape

Q2

Units by area - Market Snapshot

Active by Price - Upper Cape 160

140

Bourne

120

Mashpee 100

80

60

Falmouth

Sandwich

40

20

Total Units Sold 40 118 68 81

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

Bourne Falmouth Mashpee Sandwich

Upper Cape - Median

Sold Volume by Price point - Market Snapshot $600,000

Below $250K

$2M and Above

$500,000

$400,000

$1M-$2M $250K-$500K

$300,000

$200,000

$500K - $1M $100,000

Median Selling Price 408k $ 529k $447k $ 434k

$

Sandwich

Mashpee

Falmouth

Bourne

$-

Below $250K

$250K-$500K

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 1% 34% 42% 15% 8%

Bourne Falmouth Mashpee Sandwich

9

Under $250k $250-$500k $500k - $1m $1 - $2m $2m+

/ Upper Cape / Cape Cod Q2 Market Update

at a glance {Q2 | 2020}

bourne

40 -32 Units Sold

%

Change in Units Sold {2020 v 2019}

409k 6 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

Median Selling Price Total Units Sold Units vs Median - Area

$420,000

100

$410,000

90

$400,000

80 70

$390,000

60

$380,000

50

$370,000

40

$360,000

30

$350,000

20

$340,000

10

$330,000

0

2017

2018

2019

2020

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. sothebysrealty.com

Q2

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2020 v 2019}

Change

-3%

6%

-

-40%

-32%

28%

2020

$501,180

$408,500

98%

49

40

83

2019

$514,738

$387,000

99%

81

59

65

2018

$446,031

$357,500

95%

81

78

61

2017

$440,621

$367,000

98%

107

88

103

11

/ Bourne / Cape Cod Q2 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area $600,000

250

$500,000

200

$400,000 150 $300,000 100 $200,000 50

$100,000 $-

0

2017

2018

2019

Median Selling Price

2020

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. sothebysrealty.com

Q2

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2020 v 2019}

Change

17%

19%

-

-33%

-33%

4%

2020

$639,451

$529,000

97%

140

118

85

2019

$548,270

$445,000

99%

210

177

82

2018

$573,410

$415,875

97%

210

182

83

2017

$542,116

$437,000

99%

238

197

96

Cape Cod Q2 Market Update / Falmouth / 12

at a glance {Q2 | 2020}

falmouth

118 -13 Units Sold

%

Change in Units Sold {2020 v 2019}

529k 17 $

Median Selling Price

%

Change in Average Selling Price {2020 v 2019}

at a glance {Q2 | 2020}

mashpee

68 -30 Units Sold

%

Change in Units Sold {2020 v 2019}

448k -7 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

Median Selling Price Total Units Sold Units vs Median - Area $600,000

180 160

$500,000

140 120

$400,000

100

$300,000

80

$200,000

60 40

$100,000

20

$-

0

2017

2018

2019

2020

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. sothebysrealty.com

Q2

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2020 v 2019}

Change

-15%

-7%

-

-26%

-30%

-9%

2020

$574,368

$447,500

95%

124

68

93

2019

$675,805

$480,000

96%

167

97

102

2018

$518,816

$416,250

97%

170

142

104

2017

$473,501

$382,500

98%

232

155

109

15

/ Mashpee / Cape Cod Q2 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area $500,000

140

$450,000

120

$400,000 100

$350,000 $300,000

80

$250,000 60

$200,000 $150,000

40

$100,000 20

$50,000 $-

0

2017

2018

2019

Median Selling Price

2020

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. sothebysrealty.com

Q2

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2020 v 2019}

Change

10%

5%

-

-29%

-21%

-26%

2020

$548,843

$434,500

97%

117

81

68

2019

$499,819

$414,638

98%

165

102

92

2018

$449,346

$399,000

97%

165

105

88

2017

$428,070

$355,000

96%

177

119

104

Cape Cod Q2 Market Update / Sandwich / 16

at a glance {Q2 | 2020}

sandwich

81 -21 Units Sold

%

Change in Units Sold {2020 v 2019}

435k 5 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

Market Snapshot Q2

Mid Cape

Units by area - Market Snapshot

Active by Price - Mid Cape

300

250

Dennis 200

Barnstable 150

100

Yarmouth 50

Total Units Sold 141 114 76

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

$450,000 $400,000 $350,000 $300,000

$1M-$2M

$250,000

$250K-$500K

$200,000 $150,000

$500K - $1M

$100,000 $50,000

Dennis

Yarmouth

Barnstable

$-

Below $250K

$250K-$500K

Median Selling Price 420k $ 351k $ 382k

$

$500K - $1M

$1M-$2M

$2M and Above

Sold Volume

by Price Point 2% 47% 25% 13% 13%

Barnstable Yarmouth Dennis

19

Under $250k $250-$500k $500k - $1m $1 - $2m $2m+

/ Mid Cape Highlights / Cape Cod Q2 Market Update

at a glance {Q2 | 2020}

barnstable

141 -42 Units Sold

%

Change in Units Sold {2020 v 2019}

425k 3 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

Median Selling Price Total Units Sold Units vs Median - Area $440,000

300

$420,000

250

$400,000

200

$380,000

150

$360,000

100

$340,000

50

$320,000

0

2017

2018

2019

2020

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. sothebysrealty.com

Q2

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2020 v 2019}

Change

-5%

3%

-

-27%

-42%

-36%

2020

$621,928

$425,000

99%

256

141

64

2019

$653,904

$414,500

97%

353

244

99

2018

$580,638

$381,000

98%

353

237

92

2017

$514,215

$355,000

97%

413

255

118

21

/ Barnstable / Cape Cod Q2 Market Update

barnstable

Town Highlights Barnstable {Median Selling Price | Over Four Years}

4

$600,000 $500,000

Units Sold

134

$400,000 $300,000

Average DOM

$200,000

97

%

$100,000 $-

2017

2018

2019

2020

Centerville {Median Selling Price | Over Four Years} $400,000

List/Sale Ratio

41

Units Sold

$390,000

55

$380,000 $370,000 $360,000

Average DOM

99

$350,000

%

$340,000 $330,000

2017

2018

2019

2020

List/Sale Ratio

barnstable town highlights

Cotuit {Median Selling Price | Over Four Years }

13

$600,000 $500,000

Units Sold

62

$400,000 $300,000

Average DOM

$200,000

99

%

$100,000 $-

2017

2018

2019

2020

List/Sale Ratio

Hyannisport/West Hyannisport {Median Selling Price | Over Four Years}

5

$3,000,000 $2,500,000

Units Sold

90

$2,000,000 $1,500,000

Average DOM

$1,000,000 $500,000

97

%

$-

2017

2018

2019

2020

Osterville {Median Selling Price | Over Four Years}

List/Sale Ratio

22

$1,200,000 $1,000,000

Units Sold

67

$800,000 $600,000

Average DOM

$400,000 $200,000

93

%

$-

2017

2018

2019

23

2020

List/Sale Ratio

/ Barnstable Town Highlights / Cape Cod Q2 Market Update

| Units vs Median - Area

Median Selling Price Total Units Sold $360,000

180

$350,000

160 140

$340,000

120

$330,000

100

$320,000

80

$310,000

60

$300,000

40

$290,000

20

$280,000

0

2017

2018

2020

2019

Median Selling Price

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. sothebysrealty.com

Q2

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2020 v 2019}

Change

-3%

-1%

-

-29%

-11%

-44%

2020

$436,200

$351,000

98%

138

114

58

2019

$447,587

$355,000

96%

194

128

105

2018

$372,693

$337,000

96%

195

161

74

2017

$339,373

$307,500

99%

215

161

80

Cape Cod Q2 Market Update / Yarmouth / 24

at a glance {Q2 | 2020}

yarmouth

114 -11 Units Sold

%

Change in Units Sold {2020 v 2019}

351k -1 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

at a glance {Q2 | 2020}

dennis

76 -28 Units Sold

%

Change in Units Sold {2020 v 2019}

383k -8 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

Median Selling Price Total Units Sold Units vs Median - Area $450,000

180

$400,000

160

$350,000

140

$300,000

120

$250,000

100

$200,000

80

$150,000

60

$100,000

40

$50,000

20

$-

0

2017

2018

2019

2020

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. sothebysrealty.com

Q2

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2020 v 2019}

Change

-17%

-8%

-

-36%

-28%

-37%

2020

$495,243

$382,500

97%

90

76

57

2019

$598,649

$416,000

98%

140

106

90

2018

$389,712

$336,250

96%

140

132

71

2017

$434,942

$330,000

97%

174

157

101

27

/ Dennis / Cape Cod Q2 Market Update

Market Snapshot Q2

Active by Price - Lower Cape

Lower Cape

Units by area - Market Snapshot

180 160

Eastham

140

Brewster

120 100

Chatham

80 60

Harwich

40 20

Orleans

Total Units Sold 31 46 27 47 25

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

Lower Cape - Median

Sold Volume by Price point - Market Snapshot Below $250K $2M and Above

$900,000 $800,000

$250K-$500K

$700,000 $600,000 $500,000 $400,000

$1M-$2M

$300,000

$500K - $1M

$200,000 $100,000

Eastham

Chatham

Orleans

Brewster

Harwich

$-

Below $250K

$250K-$500K

Median Selling Price 480k $ 485k $ 852k $ 677k $ 485k

$

$500K - $1M

$1M-$2M

$2M and Above

Total Volume

by Price Point 0% 19% 37% 21% 23%

Brewster Harwich Orleans Chatham Eastham

29

Under $250k $250-$500k $500k - $1m $1 - $2m $2+

/ Lower Cape Highlights / Cape Cod Q2 Market Update

at a glance {Q2 | 2020}

brewster

49 7 %

Change in Units Sold {2020 v 2019}

480k -4 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

Median Selling Price Total Units Sold Units vs Median - Area $600,000

80 70

$500,000

60 $400,000

50

$300,000

40 30

$200,000

20 $100,000

10

$-

0

2017

2018

2019

2020

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. sothebysrealty.com

Q2

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2020 v 2019}

Change

1%

-4%

-

-32%

7%

-14%

2020

$552,872

$480,000

95%

58

49

95

2019

$547,978

$497,500

100%

85

46

111

2018

$480,023

$407,250

97%

85

72

85

2017

$467,185

$390,500

98%

78

76

92

31

/ Brewster / Cape Cod Q2 Market Update

|

Median Selling Price Total Units Sold Units vs Median - Area $500,000

120

$480,000

100

$460,000

80

$440,000

60

$420,000

40

$400,000

20

$380,000

0

2017

2018

2019

2020

Median Selling Price

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. sothebysrealty.com

Q2

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2020 v 2019}

Change

35%

10%

-

-19%

-11%

-23%

2020

$699,650

$485,000

99%

79

65

69

2019

$519,752

$440,000

98%

98

73

89

2018

$474,942

$435,000

99%

98

102

104

2017

$480,204

$415,000

97%

128

92

113

Cape Cod Q2 Market Update / Harwich / 32

at a glance {Q2 | 2020}

harwich

65 -11 Units Sold

%

Change in Units Sold {2020 v 2019}

485k 10 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

at a glance {Q2 | 2020}

orleans

27 -7 Units Sold

%

Change in Units Sold {2020 v 2019}

852k 17 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

Median Selling Price Total Units Sold Units vs Median - Area $900,000

60

$800,000

50

$700,000 $600,000

40

$500,000

30

$400,000 $300,000

20

$200,000

10

$100,000 $-

0

2017

2018

2020

2019

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. sothebysrealty.com

Q2

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2020 v 2019}

Change

24%

17%

-

4%

-7%

-32%

2020

$1,274,241

$852,000

95%

88

27

91

2019

$1,023,828

$730,000

96%

85

29

135

2018

$704,623

$515,000

95%

85

43

166

2017

$576,244

$445,000

98%

100

48

130

35

/ Orleans / Cape Cod Q2 Market Update

| Units vs Median - Area

Median Selling Price Total Units Sold $900,000

80

$800,000

70

$700,000

60

$600,000

50

$500,000

40

$400,000

30

$300,000

20

$200,000

10

$100,000 $-

0

2017

2018

2020

2019

Median Selling Price

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. sothebysrealty.com

Q2

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2020 v 2019}

Change

-12%

-18%

-

7%

33%

-35%

2020

$933,148

$677,500

97%

154

65

99

2019

$1,061,853

$830,000

98%

144

49

152

2018

$1,005,373

$750,000

98%

145

71

196

2017

$877,811

$617,000

96%

176

62

235

Cape Cod Q2 Market Update / Chatham / 36

at a glance {Q2 | 2020}

chatham

65 33 Units Sold

%

Change in Units Sold {2020 v 2019}

678k -18 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

at a glance {Q2 | 2020}

eastham

23 -39 Units Sold

%

Change in Units Sold {2020 v 2019}

485k 6 $

Median Selling Price

%

Change in Median Selling Price {2020 v 2019}

|

Median Selling Price Total Units Sold Units vs Median - Area $490,000

50 45

$480,000

40 35

$470,000

30 $460,000

25 20

$450,000

15 10

$440,000

5 $430,000

0

2017

2018

2019

2020

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. sothebysrealty.com

Q2

Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market

{2020 v 2019}

Change

25%

6%

-

-30%

-39%

-20%

2020

$644,630

$485,000

97%

57

23

73

2019

$516,314

$458,500

99%

81

38

91

2018

$575,633

$454,250

101%

81

40

108

2017

$504,437

$475,000

97%

68

45

130

39

/ Eastham / Cape Cod Q2 Market Update

PHOTO BY GIAMMARCO BOSCARO ON UNSPLASH

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