Q4 | 2018
Cape Cod
Market Update
POINT O’ VIEW
pointoviewosterville.com Offered at $11,900,000
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 Q4
Active Inventory by price points
All Cape Cod
700
Units by Region
600
500
Lower Cape
Upper Cape
400
300
200
100
Mid Cape
Total Units Sold 333 411 268
Lower Cape
Active Inventory by Price Point & Area
Upper Cape
Under $250k
Mid Cape
$250-$500k
Lower Cape
$500k - $1M $1 - $2M $2M+
Lower Cape
Mid Cape
Mid Cape
Upper Cape
Upper Cape
-
Q4 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
$300,000
$1M-$2M
$200,000
$100,000
$500K - $1M
Median Selling Price 430k $ 364k $ 520k
$
Lower Cape
Mid Cape
Upper Cape
$-
Below $250K
$250K-$500K
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 2% 36 % 32 % 12 % 18 %
Upper Cape Mid Cape Lower Cape
5
Under $250k $250-$500k $500k - $1M $1 - $2M $2M+
/ Q4 Highlights / Cape Cod Q4 Market Update
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7
/ Cape Cod Featured Properties / Cape Cod Q4 Market Update
Market Snapshot Upper Cape
Units by area - Market Snapshot
Active by Price - Upper Cape 200 180 160
Bourne Mashpee
140 120 100 80
Falmouth Sandwich
60 40 20
Total Units Sold 29 142 64 98
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 $500,000
Below $250K
$2M and Above
$450,000 $400,000 $350,000
$1M-$2M
$300,000
$250K-$500K
$250,000 $200,000 $150,000
$500K - $1M
$100,000 $50,000
Median Selling Price 370k $ 473k $ 453k $ 403k $
Sandwich
Mashpee
Falmouth
Bourne
$-
Below $250K
$250K-$500K
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 1.6 % 39.6 % 37.6 % 12.2 % 9%
Bourne Falmouth Mashpee Sandwich
9
Under $250k $250-$500k $500k - $1M $1 - $2M $2M+
/ Upper Cape / Cape Cod Q4 Market Update
at a glance {Q4 | 2018}
bourne
-7
%
Change in Median Selling Price {2018 v 2017}
-43
%
Change in Units Sold {2018 v 2017}
29 Units Sold
370k
$
Median Selling Price
|
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
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
Q4
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
26%
-7%
-
-32%
-43%
-15%
2018
$560,560
$370,000
94%
60
29
86
2017
$445,692
$399,900
92%
88
51
101
2016
$538,750
$432,500
94%
77
52
112
2015
$384,107
$335,000
95%
96
53
140
11
/ Bourne / Cape Cod Q4 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $500,000
155
$450,000
150
$400,000
145
$350,000 $300,000
140
$250,000
135
$200,000
130
$150,000
125
$100,000
120
$50,000 $-
115
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
Q4
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
3%
12%
-
-30%
11%
-9%
2018
$587,910
$472,500
95%
183
142
81
2017
$573,423
$422,500
95%
260
128
89
2016
$509,688
$380,000
94%
176
151
121
2015
$516,289
$375,000
93%
265
127
128
Cape Cod Q4 Market Update / Falmouth / 12
at a glance {Q4 | 2018}
falmouth
12
%
Change in Median Selling Price {2018 v 2017}
11
%
Change in Units Sold {2018 v 2017}
142 Units Sold
473k
$
Median Selling Price
at a glance {Q4 | 2018}
mashpee
-1
%
Change in Median Selling Price {2018 v 2017}
-16
%
Change in Units Sold {2018 v 2017}
64 Units Sold
453k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area $500,000
78
$450,000
76
$400,000
74
$350,000
72
$300,000
70
$250,000
68
$200,000
66
$150,000
64
$100,000
62
$50,000
60
$-
58
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
Q4
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
10%
-1%
-
-53%
-16%
-12%
2018
$622,354
$452,500
93%
112
64
122
2017
$566,865
$456,000
96%
238
76
139
2016
$644,868
$434,500
96%
147
76
115
2015
$608,719
$353,250
98%
223
64
143
15
/ Mashpee / Cape Cod Q4 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
Q4
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
0%
5%
-
-35%
27%
3%
2018
$449,617
$402,500
97%
117
98
79
2017
$449,375
$382,500
96%
179
77
76
2016
$379,017
$350,000
97%
121
79
108
2015
$397,034
$330,000
97%
195
87
101
Cape Cod Q4 Market Update / Sandwich / 16
at a glance {Q4 | 2018}
sandwich
5
%
Change in Median Selling Price {2018 v 2017}
27
%
Change in Units Sold {2018 v 2017}
98 Units Sold
403k
$
Median Selling Price
Market Snapshot Mid Cape
Active by Price - Mid Cape Units by area - Market Snapshot 300
250
Dennis 200
Barnstable
150
100
Yarmouth 50
Total Units Sold 182 141 88
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
$1M-$2M
$360,000
$250K-$500K
$350,000
$500K - $1M $340,000 $330,000
Dennis
Yarmouth
Barnstable
$320,000
Below $250K
$250K-$500K
Median Selling Price 390k $ 345k $ 370k
$
$500K - $1M
$1M-$2M
$2M and Above
Sold Volume by Price Point 3.6 % 48.3 % 25.5 % 8.7 % 13.8 %
Barnstable Yarmouth Dennis
19
Under $250k $250-$500k $500k - $1M $1 - $2M $2M+
/ Mid Cape Highlights / Cape Cod Q4 Market Update
at a glance {Q4 | 2018}
barnstable
4
%
Change in Median Selling Price {2018 v 2017}
-8
%
Change in Units Sold {2018 v 2017}
180 Units Sold
390k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area $400,000
300
$390,000
250
$380,000 200
$370,000 $360,000
150
$350,000
100
$340,000 50
$330,000 $320,000
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
Q4
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
12%
4%
-
-29%
-8%
-10%
2018
$582,952
$389,950
95%
284
182
100
2017
$519,988
$375,000
94%
400
198
110
2016
$499,361
$345,500
94%
313
240
106
2015
$521,077
$365,000
94%
426
201
137
21
/ Barnstable / Cape Cod Q4 Market Update
barnstable
Town Highlights Barnstable {Average Selling Price | Over Four Years}
8
$1,000,000 $900,000
Units Sold
$800,000
93
$700,000 $600,000 $500,000
Average DOM
$400,000
96
$300,000
%
$200,000 $100,000
Discount Ratio
$-
2015
2016
2017
2018
Centerville {Average Selling Price | Over Four Years} $500,000 $450,000 $400,000 $350,000
56
Units Sold
85
$300,000 $250,000 $200,000 $150,000
Average DOM
$100,000 $50,000 $-
2015
2016
2017
2018
97
%
Discount Ratio
barnstable town highlights
Cotuit {Average Selling Price | Over Four Years} $900,000
17
$800,000 $700,000
Units Sold
$600,000
130
$500,000 $400,000 $300,000
Average DOM
92
$200,000
%
$100,000 $-
2015
2016
2017
2018
Discount Ratio
Hyannisport/West Hyannisport {Average Selling Price | Over Four Years} $1,600,000
6
$1,400,000 $1,200,000
Units Sold
$1,000,000
272
$800,000 $600,000
Average DOM
$400,000 $200,000
94
%
$-
2015
2016
2017
2018
Osterville {Average Selling Price | Over Four Years} $1,400,000
Discount Ratio
24
$1,200,000 $1,000,000
Units Sold
138
$800,000 $600,000 $400,000
Average DOM
92
%
$200,000 $-
2015
2016
2017
2018
23
Discount Ratio
/ Barnstable Town Highlights / Cape Cod Q4 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $350,000
145
$340,000
140
$330,000
135
$320,000
130
$310,000 125
$300,000
120
$290,000 $280,000
115
$270,000
110
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
Q4
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
-4%
1%
-
-33%
15%
-3%
2018
$391,810
$345,000
97%
161
141
80
2017
$408,718
$340,000
95%
240
123
82
2016
$347,287
$310,000
96%
134
132
91
2015
$342,892
$298,750
96%
168
140
105
Cape Cod Q4 Market Update / Yarmouth / 24
at a glance {Q4 | 2018}
yarmouth
1
%
Change in Median Selling Price {2018 v 2017}
15
%
Change in Units Sold {2018 v 2017}
141 Units Sold
345k
$
Median Selling Price
at a glance {Q4 | 2018}
dennis
6
%
Change in Median Selling Price {2018 v 2017}
-13
%
Change in Units Sold {2018 v 2017}
88 Units Sold
370k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area $380,000
140
$370,000
120
$360,000
100
$350,000
80
$340,000
60
$330,000
40
$320,000
20
$310,000
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
Q4
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
4%
6%
-
-11%
-13%
-21%
2018
$474,526
$370,000
94%
141
88
73
2017
$458,024
$348,000
94%
158
101
92
2016
$496,305
$350,000
96%
105
124
104
2015
$513,562
$335,000
94%
141
103
115
27
/ Dennis / Cape Cod Q4 Market Update
Market Snapshot Q4
Active by Price - Lower Cape
Lower Cape
Units by area - Market Snapshot 140
120
Brewster
Eastham
100
80
60
Chatham
Harwich
40
20
Orleans
Total Units Sold 48 74 38 52 56
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 $900,000
$2M and Above
$800,000 $700,000
$250K-$500K
$600,000 $500,000 $400,000 $300,000
$500K - $1M
$1M-$2M
$200,000 $100,000
Eastham
Chatham
Orleans
Brewster
Harwich
$-
Below $250K
$250K-$500K
Median Selling Price 473k $ 445k $ 761k $ 802k $ 482k $
$500K - $1M
$1M-$2M
$2M and Above
Total Volume by Price Point 0.3% 22.5 % 33% 15.4% 28.9%
Brewster Harwich Orleans Chatham Eastham
29
Under $250k $250-$500k $500k - $1M $1 - $2M $2M+
/ Lower Cape Highlights / Cape Cod Q4 Market Update
at a glance {Q4 | 2018}
brewster
8
%
Change in Median Selling Price {2018 v 2017}
-20
%
Change in Units Sold {2018 v 2017}
48 Units Sold
473k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area $480,000
70
$460,000
60 50
$440,000
40 $420,000 30 $400,000
20
$380,000
10
$360,000
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
Q4
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
13%
8%
-
-27%
-20%
1%
2018
$594,039
$473,000
97%
63
48
79
2017
$526,783
$438,250
97%
86
60
78
2016
$591,729
$443,250
96%
55
40
80
2015
$461,598
$407,500
95%
75
44
114
31
/ Brewster / Cape Cod Q4 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $460,000
120
$440,000
100
$420,000
80
$400,000 60 $380,000 40
$360,000 $340,000
20
$320,000
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
Q4
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
12%
-4%
-
-9%
-5%
-26%
2018
$619,415
$425,000
94%
107
74
74
2017
$552,336
$442,750
96%
117
78
101
2016
$525,079
$410,000
95%
71
97
136
2015
$512,086
$370,000
95%
128
65
136
Cape Cod Q4 Market Update / Harwich / 32
at a glance {Q4 | 2018}
harwich
-4
%
Change in Median Selling Price {2018 v 2017}
-5
%
Change in Units Sold {2018 v 2017}
74 Units Sold
425k
$
Median Selling Price
at a glance {Q4 | 2018}
orleans
-10
%
Change in Median Selling Price {2018 v 2017}
52
%
Change in Units Sold {2018 v 2017}
38 Units Sold
761k
$
Median Selling Price
|
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
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
Q4
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
-9%
-10%
-
-23%
52%
-55%
2018
$884,226
$761,000
97%
63
38
105
2017
$976,343
$849,001
92%
82
25
234
2016
$847,072
$632,500
94%
65
36
174
2015
$1,068,619
$738,500
94%
87
42
180
35
/ Orleans / Cape Cod Q4 Market Update
|
Median Selling Price Total Units Sold Units vs Median - Area $840,000
80
$820,000
70
$800,000
60
$780,000 $760,000
50
$740,000
40
$720,000
30
$700,000
20
$680,000 $660,000
10
$640,000
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
Q4
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
57%
-1%
-
-39%
-7%
10%
2018
$1,608,168
$801,500
95%
116
52
188
2017
$1,027,144
$807,500
93%
189
56
170
2016
$1,090,510
$710,000
95%
144
69
199
2015
$1,099,197
$787,500
95%
158
60
204
Cape Cod Q4 Market Update / Chatham / 36
at a glance {Q4 | 2018}
chatham
-1
%
Change in Median Selling Price {2018 v 2017}
-7
%
Change in Units Sold {2018 v 2017}
52 Units Sold
802k
$
Median Selling Price
at a glance {Q4 | 2018}
eastham
3
%
Change in Median Selling Price {2018 v 2017}
27
%
Change in Units Sold {2018 v 2017}
56 Units Sold
482k
$
Median Selling Price
|
Median Selling Price Total Units Sold Units vs Median - Area $500,000
60
$480,000
50
$460,000
40
$440,000 30 $420,000 20
$400,000 $380,000
10
$360,000
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
Q4
Average Median List/Sale Active Total Days on Selling Price Selling Price Ratio Inventory Units Sold Market
{2018 v 2017}
Change
-4%
3%
-
-21%
27%
10%
2018
$530,829
$482,000
96%
64
56
99
2017
$555,818
$469,000
98%
81
44
90
2016
$496,242
$405,000
94%
50
43
110
2015
$501,493
$447,500
95%
69
56
135
39
/ Eastham / Cape Cod Q4 Market Update
PHOTO BY PAUL VAN COTTHEM ON UNSPLASH
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