Q3 | 2020
Cape Cod
Market Update
PARADISE FOUND TRITONWAYESTATE.com
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 Q3
All Cape Cod
Active Inventory by price points
Units by Region 450 400 350 300
Lower Cape
Upper Cape 250 200 150 100
Mid Cape 50
Total Units Sold 641 786 494
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
$700,000
$600,000
$2M and Above
$500,000
$250K-$500K $400,000
$300,000
$1M-$2M
$200,000
$500K - $1M
$100,000
Median Selling Price 510k $ 425k $ 575k $
Lower Cape
Mid Cape
Upper Cape
$-
Below $250K
$250K-$500K
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 2% 25 % 35 % 17 % 21 %
Upper Cape Mid Cape Lower Cape
5
Under $250k $250-$500k $500k - $1m $1 - $2m $2m+
/ Q3 Highlights / Cape Cod Q3 Market Update
COVID-19 Market Impact 250
Number of New Listings *
200
150
100
50
26-Aug
9-Sep
23-Sep
12-Aug
26-Aug
9-Sep
12-Aug
29-Jul
15-Jul
1-Jul
17-Jun
3-Jun
20-May
6-May
22-Apr
8-Apr
25-Mar
11-Mar
26-Feb
12-Feb
29-Jan
15-Jan
1-Jan
0
*Shelter-In-Place Started March 23 rd, 2020 *Shelter-In-Place Started March 23rd, 2020
$160,000,000
Total New Listing Volume $140,000,000
*
$120,000,000
$100,000,000
$80,000,000
$60,000,000
$40,000,000
$20,000,000
*Shelter-In-Place Started March 23 rd, 2020 *Shelter-In-Place Started March 23rd, 2020
2019 2020
23-Sep
29-Jul
15-Jul
1-Jul
17-Jun
3-Jun
20-May
6-May
22-Apr
8-Apr
25-Mar
11-Mar
26-Feb
12-Feb
29-Jan
15-Jan
1-Jan
$0
All Cape Cod First Half of 2020 vs. 2019
250
Number of Sold Properties
200
*
150
100
50
23-Sep
9-Sep
26-Aug
12-Aug
29-Jul
15-Jul
1-Jul
17-Jun
3-Jun
20-May
6-May
22-Apr
8-Apr
25-Mar
11-Mar
26-Feb
12-Feb
29-Jan
15-Jan
1-Jan
0
*Shelter-In-Place Started March 23 rd, 2020
*Shelter-In-Place Started March 23rd, 2020
$160,000,000
Total Sold Volume
$140,000,000
$120,000,000
*
$100,000,000
$80,000,000
$60,000,000
$40,000,000
$20,000,000
23-Sep
9-Sep
26-Aug
12-Aug
29-Jul
15-Jul
1-Jul
17-Jun
3-Jun
20-May
6-May
22-Apr
8-Apr
25-Mar
11-Mar
26-Feb
12-Feb
29-Jan
15-Jan
1-Jan
$0
*Shelter-In-Place Started March 23 rd, 2020 *Shelter-In-Place Started March 23rd, 2020
2019 2020
COVID-19 Market Impact
/ Cape Cod Q3 2020 Market Update
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sothebysrealty.com
9
/ Cape Cod Featured Properties / Cape Cod Q3 Market Update
Market Snapshot Upper Cape
Q3
Active by Price - Upper Cape Units by area - Market Snapshot
120
100
Bourne Mashpee
80
60
Falmouth Sandwich
40
20
Total Units Sold 88 226 152 175
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 $700,000
Below $250K
$2M and Above
$600,000 $500,000
$250K-$500K $400,000
$1M-$2M
$300,000 $200,000
$500K - $1M
$100,000
Median Selling Price 408k $ 529k $447k $ 434k
$
Sandwich
Mashpee
Bourne
Falmouth
$Below $250K
$250K-$500K
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 2% 25% 43% 13% 17%
Bourne Falmouth Mashpee Sandwich
11
Under $250k $250-$500k $500k - $1m $1 - $2m $2m+
/ Upper Cape / Cape Cod Q3 Market Update
at a glance {Q3 | 2020}
bourne
88 47 Units Sold
%
Change in Units Sold {2020 v 2019}
455k 14 $
Median Selling Price
%
Change in Median Selling Price {2020 v 2019}
|
Median Selling Price Total Units Sold Units vs Median - Area $500,000
100
$450,000
90
$400,000
80
$350,000
70
$300,000
60
$250,000
50
$200,000
40
$150,000
30
$100,000
20
$50,000
10
$-
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2020 v 2019}
Change
6%
14%
-
-30%
47%
-16%
2020
$551,023
$454,950
98%
60
88
58
2019
$520,693
$399,500
98%
86
60
69
2018
$398,787
$374,250
99%
102
88
59
2017
$453,665
$388,000
97%
130
82
80
13
/ Bourne / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $700,000
250
$600,000
200
$500,000 150
$400,000 $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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2020 v 2019}
Change
7%
12%
-
-63%
69%
-10%
2020
$753,517
$582,050
98%
98
226
74
2019
$700,967
$517,500
99%
268
134
82
2018
$672,210
$496,000
99%
253
161
90
2017
$540,513
$405,000
101%
284
165
84
Cape Cod Q3 Market Update / Falmouth / 14
at a glance {Q3 | 2020}
falmouth
226 69 Units Sold
%
Change in Units Sold {2020 v 2019}
582k 12 $
Median Selling Price
%
Change in Median Selling Price {2020 v 2019}
at a glance {Q3 | 2020}
mashpee
175 154 Units Sold
%
Change in Units Sold {2020 v 2019}
500k 15 $
Median Selling Price
%
Change in Median Selling Price {2020 v 2019}
|
Median Selling Price Total Units Sold Units vs Median - Area $600,000
200 180
$500,000
160 140
$400,000
120 $300,000
100 80
$200,000
60 40
$100,000
20 $-
0
2017
2018
2020
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. sothebysrealty.com
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2020 v 2019}
Change
13%
15%
-
-45%
154%
1%
2020
$646,450
$500,000
98%
106
175
95
2019
$574,582
$436,000
97%
193
69
94
2018
$464,785
$395,000
99%
239
107
99
2017
$490,204
$390,000
98%
224
137
118
17
/ Mashpee / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $600,000
160 140
$500,000
120 $400,000
100
$300,000
80 60
$200,000
40 $100,000
20
$-
0
2017
2018
2020
2019
Median Selling Price
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2020 v 2019}
Change
19%
22%
-
-66%
37%
-14%
2020
$565,204
$488,500
99%
62
152
70
2019
$474,756
$401,000
98%
182
111
81
2018
$445,761
$419,500
99%
179
110
64
2017
$427,147
$362,500
98%
184
89
81
Cape Cod Q3 Market Update / Sandwich / 18
at a glance {Q3 | 2020}
sandwich
152 37 Units Sold
%
Change in Units Sold {2020 v 2019}
488k 22 $
Median Selling Price
%
Change in Median Selling Price {2020 v 2019}
Market Snapshot Q3
Mid Cape
Active by Price - Mid Cape
Units by area - Market Snapshot 250
200
Dennis Barnstable
150
100
Yarmouth
50
Total Units Sold 335 250 201
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 $2M and Above
$600,000
$500,000
$400,000
$250K-$500K
$300,000
$1M-$2M $200,000
$100,000
$500K - $1M Dennis
Yarmouth
Barnstable
$-
Below $250K
$250K-$500K
Median Selling Price 490k $ 394k $ 375k
$
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 3% 32% 27% 15% 24%
Barnstable Yarmouth Dennis
21
Under $250k $250-$500k $500k - $1m $1 - $2m $2m+
/ Mid Cape Highlights / Cape Cod Q3 Market Update
at a glance {Q3 | 2020}
barnstable
335 78 Units Sold
%
Change in Units Sold {2020 v 2019}
490k 15 $
Median Selling Price
%
Change in Median Selling Price {2020 v 2019}
|
Median Selling Price Total Units Sold Units vs Median - Area $600,000
400 350
$500,000
300 $400,000
250
$300,000
200 150
$200,000
100 $100,000
50
$-
0
2017
2018
2019
Median Selling Price
2020
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2020 v 2019}
Change
21%
15%
-
-51%
78%
14%
2020
$853,105
$490,000
98%
198
335
108
2019
$704,920
$425,000
97%
403
188
95
2018
$555,380
$381,000
98%
410
253
110
2017
$528,835
$355,000
96%
446
255
105
23
/ Barnstable / Cape Cod Q3 Market Update
barnstable
Town Highlights Barnstable {Median Selling Price | Over Four Years}
21
$700,000 $600,000
Units Sold
74
$500,000 $400,000
Average DOM
$300,000
98
%
$200,000 $100,000
List/Sale Ratio
$-
2017
2018
2019
2020
Centerville {Median Selling Price | Over Four Years}
77
$500,000 $450,000
Units Sold
$400,000
86
$350,000 $300,000 $250,000
Average DOM
$200,000
100
$150,000
%
$100,000 $50,000
List/Sale Ratio
$-
2017
2018
2019
2020
barnstable town highlights
Cotuit {Median Selling Price | Over Four Years }
29
$600,000 $500,000
Units Sold
107
$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}
6
$2,500,000
$2,000,000
Units Sold
162
$1,500,000
$1,000,000
Average DOM $500,000
95
%
$-
2017
2018
2019
2020
Osterville {Median Selling Price | Over Four Years} $1,200,000 $1,000,000
List/Sale Ratio
70
Units Sold
223
$800,000 $600,000
Average DOM
$400,000 $200,000 $-
2017
2018
2019
2020
25
91
%
List/Sale Ratio
/ Barnstable Town Highlights / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $450,000
300
$400,000
250
$350,000 $300,000
200
$250,000
150
$200,000
100
$150,000 $100,000
50
$50,000 $-
0
2017
2018
2019
Median Selling Price
2020
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2020 v 2019}
Change
9%
16%
-
-60%
119%
-21%
2020
$466,845
$393,700
99%
92
250
64
2019
$428,479
$338,500
97%
228
114
82
2018
$367,258
$330,000
97%
214
171
64
2017
$376,453
$310,000
97%
183
192
79
Cape Cod Q3 Market Update / Yarmouth / 26
at a glance {Q3 | 2020}
yarmouth
250 119 Units Sold
%
Change in Units Sold {2020 v 2019}
394k 16 $
Median Selling Price
%
Change in Median Selling Price {2020 v 2019}
at a glance {Q3 | 2020}
dennis
201 118 Units Sold
%
Change in Units Sold {2020 v 2019}
375k -5 $
Median Selling Price
%
Change in Median Selling Price {2020 v 2019}
|
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
2017
2018
2020
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. sothebysrealty.com
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2020 v 2019}
Change
-3%
-5%
-
-42%
118%
2%
2020
$478,811
$375,000
100%
92
201
61
2019
$493,887
$396,500
99%
159
92
60
2018
$462,524
$333,000
97%
165
133
77
2017
$387,934
$326,425
98%
178
117
94
29
/ Dennis / Cape Cod Q3 Market Update
Market Snapshot Q3
Active by Price - Lower Cape
Lower Cape
Units by area - Market Snapshot 120
100
Eastham Brewster
80
60
Chatham Harwich
40
20
Orleans
Total Units Sold 115 103 93 106 77
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 $900,000
$2M and Above
$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 481k $ 485k $ 785k $ 809k $ 543k $
$500K - $1M
$1M-$2M
$2M and Above
Total Volume by Price Point 1% 17% 35% 25% 21%
Brewster Harwich Orleans Chatham Eastham
31
Under $250k $250-$500k $500k - $1m $1 - $2m $2+
/ Lower Cape Highlights / Cape Cod Q3 Market Update
at a glance {Q3 | 2020}
brewster
115 Units Sold
130
%
Change in Units Sold {2020 v 2019}
481k -11 $
Median Selling Price
%
Change in Median Selling Price {2020 v 2019}
|
Median Selling Price Total Units Sold Units vs Median - Area $600,000
140
$500,000
120 100
$400,000
80 $300,000 60 $200,000
40
$100,000
20
$-
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2020 v 2019}
Change
-10%
-11%
-
-52%
130%
-2%
2020
$565,976
$481,000
99%
44
115
69
2019
$631,300
$539,950
98%
91
50
71
2018
$574,398
$450,500
100%
82
80
68
2017
$435,209
$380,000
100%
89
53
93
33
/ Brewster / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $600,000
120
$500,000
100
$400,000
80
$300,000
60
$200,000
40
$100,000
20
$-
0
2017
2018
2020
2019
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2020 v 2019}
Change
-20%
-6%
-
-59%
23%
2%
2020
$577,074
$485,000
97%
58
103
87
2019
$719,230
$517,500
96%
140
84
86
2018
$517,930
$404,500
98%
112
74
81
2017
$583,331
$388,500
97%
126
94
81
Cape Cod Q3 Market Update / Harwich / 34
at a glance {Q3 | 2020}
harwich
103 23 Units Sold
%
Change in Units Sold {2020 v 2019}
485k -6 $
Median Selling Price
%
Change in Median Selling Price {2020 v 2019}
at a glance {Q3 | 2020}
orleans
93 272 Units Sold
%
Change in Units Sold {2020 v 2019}
785k 0 $
Median Selling Price
%
Change in Median Selling Price {2020 v 2019}
|
Median Selling Price Total Units Sold Units vs Median - Area $900,000
100
$800,000
90
$700,000
80 70
$600,000
60
$500,000
50
$400,000
40
$300,000
30
$200,000
20
$100,000
10
$-
0
2017
2018
2019
2020
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2020 v 2019}
Change
24%
0%
-
-42%
272%
18%
2020
$1,078,703
$785,000
99%
61
93
137
2019
$866,700
$785,000
98%
105
25
116
2018
$1,104,433
$661,000
95%
90
40
149
2017
$808,728
$531,000
98%
82
49
127
37
/ Orleans / Cape Cod Q3 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $900,000
120
$800,000
100
$700,000 $600,000
80
$500,000
60
$400,000 $300,000
40
$200,000
20
$100,000 $-
0
2017
2018
2019
Median Selling Price
2020
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
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2020 v 2019}
Change
13%
12%
-
-39%
96%
-15%
2020
$1,152,716
$808,750
93%
99
106
147
2019
$1,016,365
$724,500
99%
162
54
173
2018
$1,133,323
$690,000
99%
180
51
128
2017
$791,309
$559,950
97%
197
64
122
Cape Cod Q3 Market Update / Chatham / 38
at a glance {Q3 | 2020}
chatham
106 96 Units Sold
%
Change in Units Sold {2020 v 2019}
809k 12 $
Median Selling Price
%
Change in Median Selling Price {2020 v 2019}
at a glance {Q3 | 2020}
eastham
77 141 Units Sold
%
Change in Units Sold {2020 v 2019}
543k 20 $
Median Selling Price
%
Change in Median Selling Price {2020 v 2019}
|
Median Selling Price Total Units Sold Units vs Median - Area 90
$600,000
80
$500,000
70
$400,000
60 50
$300,000
40
$200,000
30 20
$100,000
10
$-
0
2017
2018
2020
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. sothebysrealty.com
Q3
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2020 v 2019}
Change
9%
20%
-
-56%
141%
38%
2020
$592,622
$542,500
95%
41
77
105
2019
$543,758
$452,500
96%
93
32
76
2018
$524,300
$470,000
99%
83
35
78
2017
$518,750
$425,000
89%
80
27
87
41
/ Eastham / Cape Cod Q3 Market Update
PHOTO BY GIAMMARCO BOSCARO ON UNSPLASH
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
AUCTION • RETAIL • ADVISORY New York Hong Kong London
AUCTION • RETAIL • ADVISORY New York Hong Kong London