Q3 | 2019
Cape Cod
Market Update
HISTORICAL COTUIT BEAUTY
886mainstreet.com Offered at $1,285,000
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
All Cape Cod
Active Inventory by price points
Units by Region
800 700 600
Lower Cape
500
Upper Cape 400 300 200
Mid Cape 100
Total Units Sold 373 392 243
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 Below $250K
$600,000
$2M and Above
$500,000
$400,000
$250K-$500K $1M-$2M
$300,000
$200,000
$100,000
$500K - $1M
Median Selling Price 436k $ 390k $ 530k $
Lower Cape
Mid Cape
Upper Cape
$-
Below $250K
$250K-$500K
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 1% 35 % 31 % 18 % 15 %
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 Upper Cape
Q3
Units by area - Market Snapshot
Active by Price - Upper Cape 250
200
Bourne
Mashpee
150
100
Sandwich
Falmouth 50
Total Units Sold 60 133 111 69
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 400k $ 515k $ 436k $ 401k
$
Sandwich
Mashpee
Falmouth
Bourne
$Below $250K
$250K-$500K
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 1% 38 % 34 % 15 % 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 | 2019}
bourne
60 -2 Units Sold
%
Change in Units Sold {2019 v 2018}
400k 5 $
Median Selling Price
%
Change in Median Selling Price {2019 v 2018}
|
Median Selling Price Total Units Sold Units vs Median - Area $450,000
65
$400,000
64
$350,000 63
$300,000 $250,000
62
$200,000
61
$150,000
60
$100,000 59
$50,000 $-
58
2016
2017
2018
2019
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
{2019 v 2018}
Change
21%
5%
-1%
-23%
-2%
13%
2019
$520,693
$399,500
96%
79
60
69
2018
$431,959
$380,000
97%
102
61
61
2017
$513,691
$410,000
96%
130
60
83
2016
$372,501
$335,000
95%
153
64
112
11
/ Bourne / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $600,000
155
$500,000
150
$400,000
145
$300,000
140
$200,000
135
$100,000
130
$-
125
2016
2017
2018
Median Selling Price
2019
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
{2019 v 2018}
Change
-2%
0%
1%
-16%
-5%
-22%
2019
$694,847
$515,000
96%
213
133
74
2018
$711,860
$517,500
95%
253
140
96
2017
$548,653
$405,500
94%
284
149
86
2016
$561,123
$385,000
94%
365
147
125
Cape Cod Q3 Market Update / Falmouth / 12
at a glance {Q3 | 2019}
falmouth
138 -5 Units Sold
%
Change in Units Sold {2019 v 2018}
515k 0 $
Median Selling Price
%
Change in Median Selling Price {2019 v 2018}
at a glance {Q3 | 2019}
mashpee
69 17 Units Sold
%
Change in Units Sold {2019 v 2018}
436k 1 $
Median Selling Price
%
Change in Median Selling Price {2019 v 2018}
|
Median Selling Price Total Units Sold Units vs Median - Area $440,000
90
$435,000
80 70
$430,000
60
$425,000
50
$420,000
40
$415,000
30
$410,000
20
$405,000
10
$400,000
0
2016
2017
2018
2019
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
{2019 v 2018}
Change
4%
1%
-1%
-33%
17%
-18%
2019
$574,582
$436,000
96%
160
69
94
2018
$551,012
$432,100
97%
239
59
114
2017
$579,198
$430,000
96%
224
78
105
2016
$506,934
$415,000
95%
256
85
124
15
/ Mashpee / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $440,000
120
$430,000 100
$420,000 $410,000
80
$400,000 $390,000
60
$380,000 $370,000
40
$360,000 $350,000
20
$340,000 $330,000
0
2016
2017
2018
Median Selling Price
2019
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
{2019 v 2018}
Change
3%
-6%
-1%
-20%
11%
24%
2019
$474,756
$401,000
97%
144
111
81
2018
$462,210
$428,000
98%
179
100
65
2017
$443,305
$367,000
97%
184
82
83
2016
$428,621
$382,000
96%
259
94
107
Cape Cod Q3 Market Update / Sandwich / 16
at a glance {Q3 | 2019}
sandwich
111 11 Units Sold
%
Change in Units Sold {2019 v 2018}
401k -6 $
Median Selling Price
%
Change in Median Selling Price {2019 v 2018}
Market Snapshot Mid Cape
Q3
Active by Price - Mid Cape
Units by area - Market Snapshot 400 350
Dennis
300 250
Barnstable
200 150
Yarmouth
100 50
Total Units Sold 186 114 92
Dennis
Dennis
Yarmouth
Yarmouth
Barnstable
Barnstable
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
$450,000
$2M and Above
$400,000 $350,000 $300,000
$1M-$2M
$250,000
$250K-$500K
$200,000 $150,000 $100,000
$500K - $1M
$50,000
Dennis
Yarmouth
Barnstable
$-
Below $250K
$250K-$500K
Median Selling Price 422k $ 338k $ 396k $
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 3% 40% 27 % 15 % 15 %
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 | 2019}
barnstable
186 -14 Units Sold
%
Change in Units Sold {2019 v 2018}
422k 7 $
Median Selling Price
%
Change in Median Selling Price {2019 v 2018}
|
Median Selling Price Total Units Sold Units vs Median - Area $450,000
250
$400,000 200
$350,000 $300,000
150
$250,000 $200,000
100
$150,000 $100,000
50
$50,000 $-
0
2016
2017
2018
2019
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
{2019 v 2018}
Change
10%
7%
0%
-12%
-14%
3%
2019
$656,532
$422,500
96%
361
186
86
2018
$594,808
$395,000
96%
410
216
84
2017
$557,416
$363,000
95%
446
227
102
2016
$532,393
$350,000
94%
551
221
116
21
/ Barnstable / Cape Cod Q3 Market Update
barnstable
Town Highlights Barnstable {Average Selling Price | Over Four Years}
12
$700,000 $600,000
Units Sold
97
$500,000 $400,000
Average DOM
$300,000
96
%
$200,000 $100,000
List/Sale Ratio
$-
2016
2017
2018
2019
Centerville {Average Selling Price | Over Four Years}
55
$450,000
$400,000 $350,000
Units Sold
$300,000
70
$250,000 $200,000
Average DOM
$150,000
99
$100,000
%
$50,000
List/Sale Ratio
$-
2016
2017
2018
2019
barnstable town highlights
Cotuit {Average Selling Price | Over Four Years}
22
$600,000 $500,000
Units Sold
53
$400,000 $300,000
Average DOM
$200,000
99
%
$100,000 $-
2016
2017
2018
2019
List/Sale Ratio
Hyannisport/West Hyannisport {Average Selling Price | Over Four Years}
1
$800,000 $700,000
Units Sold
$600,000
48
$500,000 $400,000 $300,000
Average DOM
$200,000
97
%
$100,000 $-
2016
2017
2018
2019
List/Sale Ratio
Osterville {Average Selling Price | Over Four Years} $900,000
$800,000 $700,000
26
Units Sold
$600,000
156
$500,000 $400,000 $300,000
Average DOM
$200,000
99
%
$100,000 $-
2016
2017
2018
2019
23
List/Sale Ratio
/ Barnstable Town Highlights / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $350,000
180
$340,000
160 140
$330,000
120
$320,000
100
$310,000
80
$300,000
60
$290,000
40
$280,000
20
$270,000
0
2016
2017
2018
Median Selling Price
2019
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
{2019 v 2018}
Change
10%
0%
-3%
-10%
-16%
32%
2019
$428,479
$338,500
94%
193
114
82
2018
$389,679
$338,450
97%
214
136
62
2017
$410,506
$319,500
96%
183
154
81
2016
$341,536
$295,000
97%
274
149
96
Cape Cod Q3 Market Update / Yarmouth / 24
at a glance {Q3 | 2019}
yarmouth
114 -16 Units Sold
%
Change in Units Sold {2019 v 2018}
339k 0 $
Median Selling Price
%
Change in Median Selling Price {2019 v 2018}
at a glance {Q3 | 2019}
dennis
92 1 Units Sold
%
Change in Units Sold {2019 v 2018}
396k 6 $
Median Selling Price
%
Change in Median Selling Price {2019 v 2018}
|
Median Selling Price Total Units Sold Units vs Median - Area $450,000
95
$400,000
90
$350,000 $300,000
85
$250,000
80
$200,000 $150,000
75
$100,000
70
$50,000 $-
65
2016
2017
2018
2019
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
{2019 v 2018}
Change
-14%
6%
1%
-9%
1%
-26%
2019
$493,887
$396,500
96%
150
92
60
2018
$571,401
$375,000
95%
165
91
81
2017
$441,892
$375,000
96%
178
89
87
2016
$453,679
$325,000
95%
209
77
92
27
/ Dennis / Cape Cod Q3 Market Update
Market Snapshot Q3
Active by Price - Lower Cape
Lower Cape
Units by area - Market Snapshot
200 180
Eastham
160
Brewster
140 120 100
Chatham
80 60
Harwich Orleans
40 20
Total Units Sold 50 84 25 52 32
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
Below $250K $2M and Above
$900,000 $800,000 $700,000
$250K-$500K
$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 540k $ 517k $ 785k $ 724k $ 452k
$
$500K - $1M
$1M-$2M
$2M and Above
Total Volume by Price Point 0% 24% 33% 24% 19%
Brewster Harwich Orleans Chatham Eastham
29
Under $250k $250-$500k $500k - $1m $1 - $2m $2+
/ Lower Cape Highlights / Cape Cod Q3 Market Update
at a glance {Q3 | 2019}
brewster
50 -18 Units Sold
%
Change in Units Sold {2019 v 2018}
540k -1 $
Median Selling Price
%
Change in Median Selling Price {2019 v 2018}
|
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
2016
2017
2018
2019
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
{2019 v 2018}
Change
-4%
-1%
-2%
9%
-18%
-5%
2019
$631,300
$539,950
95%
89
50
71
2018
$656,528
$544,000
97%
82
61
74
2017
$525,011
$430,000
97%
89
29
91
2016
$536,956
$431,000
96%
113
50
114
31
/ Brewster / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $600,000
100 90
$500,000
80 70
$400,000
60 $300,000
50 40
$200,000
30 20
$100,000
10 $-
0
2016
2017
2018
Median Selling Price
2019
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
{2019 v 2018}
Change
31%
26%
0%
19%
33%
-4%
2019
$719,230
$517,500
96%
133
84
86
2018
$550,243
$409,900
96%
112
63
89
2017
$613,763
$397,750
100%
126
86
78
2016
$606,053
$380,000
97%
171
83
107
Cape Cod Q3 Market Update / Harwich / 32
at a glance {Q3 | 2019}
harwich
84 33 Units Sold
%
Change in Units Sold {2019 v 2018}
517k 26 $
Median Selling Price
%
Change in Median Selling Price {2019 v 2018}
at a glance {Q3 | 2019}
orleans
25 -11 Units Sold
%
Change in Units Sold {2019 v 2018}
785k 2 $
Median Selling Price
%
Change in Median Selling Price {2019 v 2018}
|
Median Selling Price Total Units Sold Units vs Median - Area $900,000
40
$800,000
35
$700,000
30
$600,000
25
$500,000
20
$400,000
15
$300,000
10
$200,000
5
$100,000 $-
0
2016
2017
2018
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. sothebyshomes.com/capecod
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2019 v 2018}
Change
-40%
2%
-1%
13%
-11%
-32%
2019
$866,700
$785,000
94%
102
25
116
2018
$1,455,229
$767,250
94%
90
28
172
2017
$982,050
$645,000
95%
82
37
151
2016
$1,095,734
$667,000
92%
120
32
142
35
/ Orleans / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $1,000,000
60
$900,000 50
$800,000 $700,000
40
$600,000 $500,000
30
$400,000 20
$300,000 $200,000
10
$100,000 $-
0
2016
2017
2018
Median Selling Price
2019
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
{2019 v 2018}
Change
-19%
-16%
-1%
2%
18%
15%
2019
$1,000,648
$724,500
95%
184
52
145
2018
$1,242,943
$862,500
95%
180
44
126
2017
$846,504
$574,900
94%
197
57
131
2016
$1,177,585
$635,000
94%
180
52
150
Cape Cod Q3 Market Update / Chatham / 36
at a glance {Q3 | 2019}
chatham
52 18 Units Sold
%
Change in Units Sold {2019 v 2018}
724k -16 $
Median Selling Price
%
Change in Median Selling Price {2019 v 2018}
at a glance {Q3 | 2019}
eastham
32 7 Units Sold
%
Change in Units Sold {2019 v 2018}
452k -6 $
Median Selling Price
%
Change in Median Selling Price {2019 v 2018}
|
Median Selling Price Total Units Sold Units vs Median - Area $500,000
50 45
$480,000
40
$460,000
35 30
$440,000
25 $420,000
20 15
$400,000
10
$380,000
5
$360,000
0
2016
2017
2018
2019
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
{2019 v 2018}
Change
-4%
-6%
0%
16%
7%
3%
2019
$543,758
$452,500
97%
96
32
76
2018
$568,267
$479,500
97%
83
30
74
2017
$518,750
$425,000
95%
80
27
87
2016
$442,253
$411,000
94%
100
44
117
39
/ Eastham / Cape Cod Q3 Market Update
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