Q3 | 2018
Cape Cod
Market Update
SALEM WITCH HOUSE
sothebyshomes.com/0403994 Offered at $725,000
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
sothebyshomes.com/capecod
Market Snapshot Q3
Active Inventory by price points
All Cape Cod
900
Units by Region
800 700 600
Lower Cape Upper Cape
500 400 300 200
Mid Cape 100
Total Units Sold 360 443 226
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+
Q3 Highlights
Median by Region
All Cape Cod
Sales volume by price points
$600,000
Below $250K $500,000
$2M and Above
$400,000
$300,000
$250K-$500K
$1M-$2M
$200,000
$100,000
$500K - $1M
Median Selling Price 449k $ 369k $ 555k
$
Lower Cape
Mid Cape
Upper Cape
$Below $250K
$250K-$500K
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 1.5 % 35.3 % 30.5 % 14.8 % 17.9 %
Upper Cape Mid Cape Lower Cape
5
Under $250k $250-$500k $500k - $1M $1 - $2M $2M+
/ Q3 Highlights / Cape Cod Q3 Market Update
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7
/ Cape Cod Featured Properties / Cape Cod Q3 Market Update
Market Snapshot Q3
Upper Cape
Units by area - Market Snapshot
Active by Price - Upper Cape 300
250
Bourne Mashpee
200
150
100
Sandwich
Falmouth 50
Total Units Sold 61 140 59 100
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 380k $ 518k $ 432k $ 428k
$
Sandwich
Mashpee
Falmouth
Bourne
$-
Below $250K
$250K-$500K
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 1.1 % 40.9 % 31 % 10 % 12 %
Bourne Falmouth Mashpee Sandwich
9
Under $250k $250-$500k $500k - $1M $1 - $2M $2M+
/ Upper Cape / Cape Cod Q3 Market Update
at a glance {Q3 | 2018}
bourne
-7
%
Change in Median Selling Price {2018 v 2017}
2
%
Change in Units Sold {2018 v 2017}
61 Units Sold
380k
$
Median Selling Price
| Units vs Median - Area
Median Selling Price Total Units Sold $450,000
80
$400,000
70
$350,000
60
$300,000
50
$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
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
-16%
-7%
-
-16%
2%
-26%
2018
$431,959
$380,000
-1%
86
61
61
2017
$513,691
$410,000
-2%
102
60
83
2016
$372,501
$335,000
-5%
130
64
112
2015
$381,897
$311,750
-4%
153
74
89
11
/ Bourne / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $600,000
154 152
$500,000
150 148
$400,000
146 $300,000
144 142
$200,000
140 138
$100,000
136 $-
134
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
30%
28%
-
6%
-6%
11%
2018
$711,860
$517,500
-4%
268
140
96
2017
$548,653
$405,500
-2%
253
149
86
2016
$561,123
$385,000
-3%
284
147
125
2015
$512,851
$396,500
-5%
365
152
144
Cape Cod Q3 Market Update / Falmouth / 12
at a glance {Q3 | 2018}
falmouth
28
%
Change in Median Selling Price {2018 v 2017}
-6
%
Change in Units Sold {2018 v 2017}
140 Units Sold
518k
$
Median Selling Price
at a glance {Q3 | 2018}
mashpee
0
%
Change in Median Selling Price {2018 v 2017}
-24
%
Change in Units Sold {2018 v 2017}
59 Units Sold
432k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area $500,000
90
$450,000
80
$400,000
70
$350,000
60
$300,000
50
$250,000
40
$200,000
30
$150,000 $100,000
20
$50,000
10
$-
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
-5%
0%
-
-19%
-24%
9%
2018
$551,012
$432,100
-2%
193
59
114
2017
$579,198
$430,000
-2%
239
78
105
2016
$506,934
$415,000
-5%
224
85
124
2015
$471,082
$350,000
-3%
256
67
118
15
/ Mashpee / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $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
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
4%
17%
-
2%
22%
-21%
2018
$462,210
$428,000
-1%
182
100
65
2017
$443,305
$367,000
-2%
179
82
83
2016
$428,621
$382,000
-2%
184
94
107
2015
$404,753
$346,000
-1%
259
97
108
Cape Cod Q3 Market Update / Sandwich / 16
at a glance {Q3 | 2018}
sandwich
17
%
Change in Median Selling Price {2018 v 2017}
22
%
Change in Units Sold {2018 v 2017}
100 Units Sold
428k
$
Median Selling Price
Market Snapshot Mid Cape
Active by Price - Mid Cape
Units by area - Market Snapshot 450 400 350
Dennis 300 250
Barnstable
200 150
Yarmouth
100 50
Total Units Sold 216 136 91
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 $400,000
Below $250K
$2M and Above
$390,000 $380,000 $370,000 $360,000
$1M-$2M
$250K-$500K
$350,000 $340,000 $330,000
$500K - $1M
$320,000
Dennis
Yarmouth
Barnstable
$310,000
Below $250K
$250K-$500K
Median Selling Price 395k $ 338k $ 375k
$
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 2.9 % 43.2 % 26.1 % 12.7 % 15.2 %
Barnstable Yarmouth Dennis
19
Under $250k $250-$500k $500k - $1M $1 - $2M $2M+
/ Mid Cape Highlights / Cape Cod Q3 Market Update
at a glance {Q3 | 2018}
barnstable
9
%
Change in Median Selling Price {2018 v 2017}
-5
%
Change in Units Sold {2018 v 2017}
216 Units Sold
395k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area $400,000
228
$390,000
226
$380,000
224
$370,000
222
$360,000
220
$350,000
218
$340,000
216
$330,000
214
$320,000
212
$310,000
210
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
7%
9%
-
-2%
-5%
-18%
2018
$594,808
$395,000
-1%
403
216
84
2017
$557,416
$363,000
-2%
410
227
102
2016
$532,393
$350,000
-3%
446
221
116
2015
$555,930
$341,500
-5%
551
221
117
21
/ Barnstable / Cape Cod Q3 Market Update
barnstable
Town Highlights Barnstable {Median Selling Price | Over Four Years}
15
$700,000 $600,000
Units Sold
95
$500,000 $400,000
Average DOM
$300,000
-3.4
$200,000 $100,000
%
Discount Ratio
$-
2015
2016
2017
2018
Centerville {Median Selling Price | Over Four Years} $370,000
$360,000 $350,000
62
Units Sold
$340,000
62
$330,000 $320,000 $310,000
Average DOM
$300,000 $290,000 $280,000
2015
2016
2017
2018
-4.5
%
Discount Ratio
barnstable town highlights
Cotuit {Median Selling Price | Over Four Years} $600,000
12
$500,000
Units Sold
$400,000
108
$300,000 $200,000
Average DOM
-2.7
$100,000 $-
2015
2016
2017
2018
%
Discount Ratio
Hyannisport/West Hyannisport {Median Selling Price | Over Four Years} $800,000
5
$700,000 $600,000
Units Sold
$500,000
105
$400,000 $300,000
Average DOM
$200,000 $100,000
-1.1
%
$-
2015
2016
2017
2018
Osterville {Median Selling Price | Over Four Years} $900,000
Discount Ratio
30
$800,000 $700,000
Units Sold
$600,000
192
$500,000 $400,000 $300,000
Average DOM
$200,000
-8.3
%
$100,000 $-
2015
2016
2017
2018
23
Discount Ratio
/ Barnstable Town Highlights / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $350,000
160
$340,000
155
$330,000
150
$320,000
145
$310,000
140
$300,000
135
$290,000
130
$280,000 $270,000
125
$260,000
120
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
-5%
6%
-
7%
-12%
-24%
2018
$389,679
$338,450
-3%
228
136
62
2017
$410,506
$319,500
-2%
214
154
81
2016
$341,536
$295,000
-2%
183
149
96
2015
$350,792
$289,000
-4%
274
134
105
Cape Cod Q3 Market Update / Yarmouth / 24
at a glance {Q3 | 2018}
yarmouth
6
%
Change in Median Selling Price {2018 v 2017}
-12
%
Change in Units Sold {2018 v 2017}
136 Units Sold
338k
$
Median Selling Price
at a glance {Q3 | 2018}
dennis
0
%
Change in Median Selling Price {2018 v 2017}
2
%
Change in Units Sold {2018 v 2017}
91 Units Sold
375k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area $390,000
120
$380,000 100
$370,000 $360,000
80
$350,000 $340,000
60
$330,000 40
$320,000 $310,000
20
$300,000 $290,000
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
29%
0%
-
-4%
2%
-7%
2018
$571,401
$375,000
-4%
159
91
81
2017
$441,892
$375,000
-1%
165
89
87
2016
$453,679
$325,000
-1%
178
77
92
2015
$406,240
$341,500
-2%
209
96
105
27
/ Dennis / Cape Cod Q3 Market Update
Market Snapshot Q3
Active by Price - Lower Cape
Lower Cape
Units by area - Market Snapshot
180 160 140
Eastham Brewster
120 100
Chatham
80 60 40
Orleans
Harwich 20
Total Units Sold 61 63 28 44 30
Eastham
Active Inventory by Price Point & Area
Brewster
Under $250k
Harwich
$250-$500k
Orleans
$500k - $1M
Chatham
$1 - $2M
Eastham
$2M+
Eastham
Chatham
Chatham
Orleans
Orleans
Harwich
Harwich
Brewster
Brewster
0
lower cape
Brewster Harwich Orleans Chatham Eastham Sold Volume by Price point - Market Snapshot
Lower Cape - Median
Below $250K $1,000,000 $900,000 $800,000
$250K-$500K
$2M and Above
$700,000 $600,000 $500,000 $400,000
$500K - $1M
$300,000
$1M-$2M
$200,000 $100,000
Eastham
Chatham
Orleans
Brewster
Harwich
$-
Below $250K
$250K-$500K
Median Selling Price 544k $ 410k $ 767k $ 863k $ 480k $
$500K - $1M
$1M-$2M
$2M and Above
Total Volume by Price Point .1% 19.4 % 31.7 % 21% 27.8%
Brewster Harwich Orleans Chatham Eastham
29
Under $250k $250-$500k $500k - $1M $1 - $2M $2M+
/ Lower Cape Highlights / Cape Cod Q3 Market Update
at a glance {Q3 | 2018}
brewster
27
%
Change in Median Selling Price {2018 v 2017}
110
%
Change in Units Sold {2018 v 2017}
61 Units Sold
544k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area $600,000
70
$500,000
60 50
$400,000
40 $300,000 30 $200,000
20
$100,000
10
$-
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
25%
27%
-
11%
110%
-19%
2018
$656,528
$544,000
-1%
91
61
74
2017
$525,011
$430,000
-2%
82
29
91
2016
$536,956
$431,000
-3%
89
50
114
2015
$547,444
$420,000
-2%
113
45
106
31
/ Brewster / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $420,000
100 90
$410,000
80
$400,000
70 60
$390,000
50 $380,000
40 30
$370,000
20
$360,000
10
$350,000
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
-10%
3%
-
25%
-27%
14%
2018
$550,243
$409,900
-4%
140
63
89
2017
$613,763
$397,750
-1%
112
86
78
2016
$606,053
$380,000
-3%
126
83
107
2015
$499,120
$373,500
-3%
171
86
132
Cape Cod Q3 Market Update / Harwich / 32
at a glance {Q3 | 2018}
harwich
3
%
Change in Median Selling Price {2018 v 2017}
-27
%
Change in Units Sold {2018 v 2017}
63 Units Sold
410k
$
Median Selling Price
at a glance {Q3 | 2018}
orleans
19
%
Change in Median Selling Price {2018 v 2017}
-24
%
Change in Units Sold {2018 v 2017}
28 Units Sold
767k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area $780,000
40
$760,000
35
$740,000 $720,000
30
$700,000
25
$680,000
20
$660,000 $640,000
15
$620,000
10
$600,000
5
$580,000 $560,000
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
48%
19%
-
17%
-24%
14%
2018
$1,455,229
$767,250
-4%
105
28
172
2017
$982,050
$645,000
-4%
90
37
151
2016
$1,095,734
$667,000
-7%
82
32
142
2015
$841,347
$705,000
-3%
120
31
115
35
/ Orleans / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area
$1,000,000
70
$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
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
47%
50%
-
-10%
-23%
-4%
2018
$1,242,943
$862,500
-4%
162
44
126
2017
$846,504
$574,900
-4%
180
57
131
2016
$1,177,585
$635,000
-2%
197
52
150
2015
$1,197,566
$677,500
-2%
180
62
150
Cape Cod Q3 Market Update / Chatham / 36
at a glance {Q3 | 2018}
chatham
50
%
Change in Median Selling Price {2018 v 2017}
-23
%
Change in Units Sold {2018 v 2017}
44 Units Sold
863k
$
Median Selling Price
at a glance {Q3 | 2018}
eastham
13
%
Change in Median Selling Price {2018 v 2017}
11
%
Change in Units Sold {2018 v 2017}
30 Units Sold
480k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area $600,000
50 45
$500,000
40 35
$400,000
30 $300,000
25 20
$200,000
15 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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
10%
13%
-
12%
11%
-15%
2018
$568,267
$479,500
-2%
93
30
74
2017
$518,750
$425,000
-11%
83
27
87
2016
$442,253
$411,000
-4%
80
44
117
2015
$426,935
$389,500
-7%
100
37
118
39
/ Eastham / Cape Cod Q3 Market Update
w i n e i s a n e v e r- e n d i n g j o u r n e y. sothebyswine.com
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