CAPECODmarket update YEAR TO DATE, Q3 2013
OSTERVILLE BROKERAGE 851 Main Street | Osterville, MA 02655 508.428.9115 | 800.851.9115 FALMOUTH BROKERAGE 550 West Falmouth Hwy | West Falmouth, MA 02574 508.548.2522 | 866.508.2522 sothebyshomes.com Operated by Sotheby’s International Realty, Inc.
oldCape
The arm-shaped peninsula known as Cape Cod rests in the southeast corner
BREWSTER BROKERAGE 2404 Main Street | Brewster, MA 02631 508.896.5000 | 800.896.9008
of Massachusetts, extending east into the Atlantic Ocean. Its 559.6 miles of
HARWICH BROKERAGE 587 Route 28 | Harwich Port, MA 02646 508.432.6100 | 888.432.9220
Barnstable County, which comprises 15 towns: Bourne, Sandwich, Falmouth,
coastal shoreline are accented by bays, harbors, beaches and marshland settings of breath-taking natural beauty. Cape Cod incorporates all of Mashpee, Barnstable, Yarmouth, Dennis, Harwich, Brewster, Chatham, Orleans, Eastham, Wellfleet, Truro, and Provincetown.
ORLEANS BROKERAGE 6 Route 6A | Orleans, MA 02653 508.255.6000 | 800.255.0173
With waterfront to please all tastes, Cape Cod’s northern shoreline is formed
oldcape.com
Sound; easterly is the raw power of the Atlantic Ocean and across its land-
Independently Owned & Operated.
scape are over 365 kettle ponds formed by the glaciers thousands of years ago.
by the tidal waters of Cape Cod Bay; south lies the warm waters of Nantucket
Cape Cod’s location provides access to many activities both on the water
Atlantic Bay PROVINCETOWN BROKERAGE 168 Commercial Street | Provincetown, MA 02657 508.487.2430 | atlanticbaysir.com Independently Owned & Operated.
and land, and its temperate climate, thanks to the nearby Gulf Stream, allows enjoyment for many months out of the year. For example, located just off the shore of Provincetown to the northwest is the Stellwagen Bank National Marine Sanctuary, a renowned location for whale watching. And, many of the towns’ harbors provide deep-water access to sportfishing and world-class sailing. Additionally, Cape Cod has become a premier golf destination, with over 35 public and private golf courses; many designed by today’s biggest golf course architects including Reese Jones, Geoffrey Cornish, Skip Wogan and Brian Silva. Let’s not forget the rich arts and cultural heritage on Cape Cod providing activities from orchestras and opera to galleries, museums and performing arts. When describing a location on Cape Cod, locals refer to four distinct regions: the Upper Cape is the region located closest to the mainland, the Mid Cape is located in the middle as you move east. Next comes the Lower Cape, located at the elbow of the arm and then as you progress further out into the Atlantic toward the tip of Cape Cod you have the Outer Cape.
CRANBERRY HARVEST, HARWICH Sotheby’s International Realty® is a registered trademark.
2
Statistical information contained in this report is from the Cape Cod and Islands MLS, Current inventory as of May 8, 2013.. FROM THE COVER: Property Web ID: 0402773
sothebysrealty.com
The Upper Cape
BOURNE | FALMOUTH | SANDWICH | MASHPEE
The number of units sold in the Upper Cape has increased by 2% in 2013 as compared to 2012. Bourne has experienced a 2% decrease in the average selling price of a single family unit and a 1% decrease in condominium units. Bourne’s Single Family unit sales are down 6% and condominiums are up 5%.
Single Family sales in Mashpee have increased by 15% and condominiums by 8%. There has been a 9% increase in the average selling price of single family homes and a 4% increase in condominiums.
Falmouth Single Family units are down 1% and condominium sales have decreased by 21%. Falmouth has seen a 15% increase in the average selling price of a single family home while there has been an increase of 12% in condominiums.
TOTAL UNITS SOLD UPPER CAPE
Sandwich’s Single Family unit sales have increased by 2% and condominiums have declined by 21%. Sandwich’s average selling price of a single family has increased by 15% while condominiums have decreased by 30%.
UPPER CAPE SALES |
January - September 2013
2012
2013
under $250k
2013
under $250,000
365
283
$250k - $499,999
2012
$250,000 - $499,999
546
612
$500,000 -$ 749,999
106
134
$1M - $1,999,999
$750,000 - $999,999
42
47
$2M - $3,999,999
$1M - $1,999,999
31
40
$4M +
$2M - $3,999,999
12
10
$4M +
1
3
BOURNE
$500k -$ 749,999 $750k - $999,999
0
SF
CONDO
Average Sales Price 2012
$405,978
$242,150
Average Sales Price 2013
$399,610
$240,650
% Change
-2%
-1%
Average Days on Market 2012
175
151
Average Days on Market 2013
145
142
% Change
-17%
-6%
Avg Sold/List Price Difference 2012
91%
95%
Avg Sold/List Price Difference 2013
92%
97%
% Change
1%
2%
SOLD Jan-Sep 2012
UNITS SOLD
200
400 # Units Sold
600
800
Property Web ID: 0840136
SOLD Jan-Sep 2013
% Change 2012 to 2013
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
57
22
30
25
-47%
14%
18
8
5
3
$250,000 - $499,999
61
16
77
15
26%
-6%
67
11
8
7
$500,000 -$ 749,999
8
0
17
0
113%
0%
24
0
13
0
$750,000 - $999,999
7
0
4
0
-43%
0%
11
0
25
0
$1M - $1,999,999
7
0
5
0
-29%
0%
11
0
20
0
$2M - $3,999,999
2
0
1
0
-50%
0%
6
0
54
0
$4M +
0
0
0
0
0%
0%
2
0
0
0
142
38
134
40
-6%
5%
139
19
6
3
TOTALS
CAPE COD | The Upper Cape
3
FALMOUTH
SF
CONDO
Average Sales Price 2012
$465,884
$335,228
Average Sales Price 2013
$536,434
$375,555
% Change
15%
12%
Average Days on Market 2012
155
162
Average Days on Market 2013
143
201
% Change
-8%
24%
Avg Sold/List Price Difference 2012
93%
95%
Avg Sold/List Price Difference 2013
94%
96%
% Change
1%
1%
SOLD Jan-Sep 2012
SOLD Jan-Sep 2013
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
97
15
86
8
-11%
-47%
35
11
4
12
$250,000 - $499,999
195
32
175
30
-10%
-6%
165
26
8
8
$500,000 -$ 749,999
59
5
80
1
36%
-80%
78
6
9
54
$750,000 - $999,999
23
0
22
1
-4%
100%
54
0
22
0
$1M - $1,999,999
16
0
23
1
44%
100%
46
4
18
36
$2M - $3,999,999
6
0
5
0
-17%
0%
27
0
49
0
$4M +
1
0
3
0
200%
0%
5
0
15
0
397
52
394
41
-1%
-21%
410
47
6
7
SF
CONDO
Average Sales Price 2012
$336,899
$197,621
Average Sales Price 2013
$386,549
$138,682
% Change
15%
-30%
Average Days on Market 2012
164
202
UNITS SOLD
TOTALS
SANDWICH
Average Days on Market 2013
140
274
% Change
-15%
36%
Avg Sold/List Price Difference 2012
95%
95%
Avg Sold/List Price Difference 2013
96%
95%
% Change
1%
0%
% Change 2012 to 2013
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
Property Web ID: 0402733
SOLD Jan-Sep 2012
SOLD Jan-Sep 2013
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
72
12
43
11
-40%
-8%
15
6
3
5
$250,000 - $499,999
123
2
151
0
23%
-100%
110
8
7
-
$500,000 -$ 749,999
20
0
19
0
-5%
0%
48
0
23
0
$750,000 - $999,999
7
0
10
0
43%
0%
20
0
18
0
$1M - $1,999,999
1
0
4
0
300%
0%
10
0
23
0
$2M - $3,999,999
0
0
0
0
0%
0%
3
0
0
0
$4M +
0
0
0
0
0%
0%
0
0
0
0
223
14
227
11
2%
-21%
206
14
5
8
UNITS SOLD
TOTALS 4
Property Web ID: 0840684
% Change 2012 to 2013
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
sothebysrealty.com
MASHPEE
SF
CONDO
Average Sales Price 2012
$420,124
$272,459
Average Sales Price 2013
$458,295
$283,506
% Change
9%
4%
Average Days on Market 2012
153
198
Average Days on Market 2013
143
159
% Change
-7%
-20%
Avg Sold/List Price Difference 2012
95%
96%
Avg Sold/List Price Difference 2013
93%
97%
% Change
-2%
1%
Property Web ID: 0402771
SOLD Jan-Sep 2012
SOLD Jan-Sep 2013
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
55
50
44
36
-20%
-28%
15
20
3
5
$250,000 - $499,999
61
56
84
80
38%
43%
80
60
9
7
$500,000 -$ 749,999
14
0
15
2
7%
100%
25
2
15
9
$750,000 - $999,999
3
2
10
0
233%
-100%
24
1
22
-
$1M - $1,999,999
6
1
7
0
17%
-100%
43
0
55
0
$2M - $3,999,999
4
0
4
0
0%
0%
17
0
38
0
$4M +
0
0
0
0
0%
0%
2
0
-
0
143
109
164
118
15%
8%
206
83
8
4
UNITS SOLD
TOTALS
% Change 2012 to 2013
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
Watch for whales and tour Cape Cod’s affluent island communities content from sothebyshomes.com As the easternmost land masses in the commonwealth of Massachusetts, Cape Cod and its neighboring islands have long been premier destinations for international travelers and wealthy homebuyers. In addition to breathtaking scenery and optimal weather patterns, these affluent coastal communities regularly provide both residents and visitors with numerous options for supreme relaxation and stylish recreation. Individuals exploring this region can not only spend time viewing the grandiose properties of celebrities and luxury real estate owned by business leaders, but also watching for a variety of whale species while visiting the different islands. read more
CAPE COD | The Upper Cape
5
On The Market FEATURED PROPERTY
LISTINGS AROUND THE WORLD IN THIS PRICE RANGE
FALMOUTH, MA
IN METROPOLITAN MARKETS
6 br, 4 ba, 2 hf ba | $2,495,000 Web ID: 0840666
NEW YORK
LOS ANGELES
SAN FRANCISCO
3 br, 4 ba | $3,495,000
2 br, 3 ba | $3,995,000
2 br, 2 ba, 1 hf ba | $1,700,000
PALM BEACH
WATER MILL
SANTA BARBARA
4 br, 5 ba | $3,400,000
4 br, 4 ba, 1 hf ba | $2,995,000
8 br, 3 ba, 3 hf ba | $3,450,000
MEXICO
ST. LUCIA
MALTA
4 br, 4 ba | $2,980,000
3 br, 3 ba, 1 hf ba | $2,500,000
3 br, 3 ba | $2,996,867
Sotheby’s International Realty | Cape Cod
IN RESORT MARKETS Enjoy stunning clear vistas of Nantucket Sound and Martha’s Vineyard from this iconic home at 2 Wyoming Avenue. This spectacular ocean view home marries the ambiance of Falmouth Heights with close proximity to beaches, restaurants, the Harbor, and more. Newly built in 2006, this large, gracious home embraces the classic Cape Cod style and offers amazing views from nearly every room with an inviting, open floor plan designed for today’s hospitality. The outstanding chef’s kitchen/dining room welcomes all comers, who can then retire to the breezy verandah or the well-equipped home theater. Five en-suite bedrooms include a Master Suite with a private balcony overlooking the Sound. A family room, home office and two laundries offer more convenience. This is an unparalleled opportunity in a unique location.
6
IN FOREIGN MARKETS
UPCOMING AUCTION ITEMS
THE GOSSIPS, 1848 BY NORMAN ROCKWELL FOR THE SATURDAY EVENING POST American Art Sale; Dec. 4, 2013 Estimate: $6 - 9 Million
sothebysrealty.com
The Mid Cape
BARNSTABLE | YARMOUTH | DENNIS
The number of units sold in the Mid Cape has increased by 2% in 2013 as compared to 2012.
Yarmouth single family units are down 3% and condominums are down 21%.
Barnstable’s average selling price in single family homes has increased 9%, while the average selling price of condominiums has remained flat . Over the same time frame in Barnstable, both closed unit sales are up. 6% for single family units and 8% for condominums.
Dennis single family units are up 11% and condominums are up 1% for 2013 vs 2012.
TOTAL UNITS SOLD MID CAPE
MID CAPE SALES |
January - September 2013
2012
2013
under $250k
2013
under $250,000
601
533
$250k - $499,999
2012
$250,000 - $499,999
544
602
$500k -$ 749,999
$500,000 -$ 749,999
99
127
$750,000 - $999,999
32
32
$2M - $3,999,999
$1M - $1,999,999
30
43
$4M +
$2M - $3,999,999
10
12
$4M +
7
4
$750k - $999,999 $1M - $1,999,999
0
BARNSTABLE
SF
CONDO
Average Sales Price 2012
$471,164
$223,407
Average Sales Price 2013
$513,500
$222,761
% Change
9%
0%
Average Days on Market 2012
166
216
Average Days on Market 2013
152
202
% Change
-8%
-6%
Avg Sold/List Price Difference 2012
93%
93%
Avg Sold/List Price Difference 2013
93%
95%
% Change
0%
3%
SOLD Jan-Sep 2012
UNITS SOLD
200
400 # Units Sold
600
800
Property Web ID: 0402721
SOLD Jan-Sep 2013
% Change 2012 to 2013
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
194
36
170
39
-12%
8%
52
33
3
8
$250,000 - $499,999
235
21
277
22
18%
5%
235
32
8
13
$500,000 -$ 749,999
53
3
55
4
4%
33%
72
6
12
14
$750,000 - $999,999
21
0
19
0
-10%
0%
52
0
25
0
$1M - $1,999,999
19
0
33
0
74%
0%
56
0
15
0
$2M - $3,999,999
9
0
9
0
0%
0%
36
0
36
0
$4M +
6
0
4
0
-33%
0%
28
0
63
0
537
60
572
65
6%
8%
531
71
6
7
TOTALS CAPE COD | The Mid Cape
7
YARMOUTH
SF
CONDO
Average Sales Price 2012
$310,570
$205,012
Average Sales Price 2013
$311,757
$200,762
% Change
0%
-2%
Average Days on Market 2012
132
159
Average Days on Market 2013
136
135
% Change
3%
-15%
Avg Sold/List Price Difference 2012
95%
95%
Avg Sold/List Price Difference 2013
95%
96%
% Change
1%
1%
SOLD Jan-Sep 2012
SOLD Jan-Sep 2013
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
171
64
137
59
-20%
-8%
55
40
4
6
$250,000 - $499,999
148
32
165
16
11%
-50%
142
26
8
15
$500,000 -$ 749,999
15
0
24
1
60%
100%
39
3
15
27
$750,000 - $999,999
1
0
4
0
300%
0%
12
2
27
-
$1M - $1,999,999
8
0
3
0
-63%
0%
11
0
33
0
$2M - $3,999,999
0
0
0
0
0%
0%
10
0
0
0
$4M +
1
0
0
0
-100%
0%
2
0
0
0
344
96
333
76
-3%
-21%
271
71
5
6
UNITS SOLD
TOTALS
DENNIS
SF
CONDO
Average Sales Price 2012
$372,481
$139,103
Average Sales Price 2013
$409,052
$146,365
% Change
10%
5%
Average Days on Market 2012
152
140
Average Days on Market 2013
115
149
% Change
-24%
6%
Avg Sold/List Price Difference 2012
93%
94%
Avg Sold/List Price Difference 2013
94%
94%
% Change
2%
0%
SOLD Jan-Sep 2012
UNITS SOLD
% Change 2012 to 2013
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
Property Web ID: 0402734
SOLD Jan-Sep 2013
% Change 2012 to 2013
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
74
62
68
60
-8%
-3%
41
42
5
6
$250,000 - $499,999
103
5
114
8
11%
60%
115
16
9
18
$500,000 -$ 749,999
28
0
43
0
54%
0%
46
2
10
-
$750,000 - $999,999
10
0
9
0
-10%
0%
24
1
24
-
$1M - $1,999,999
3
0
7
0
133%
0%
23
2
30
-
$2M - $3,999,999
1
0
3
0
200%
0%
5
0
15
0
$4M +
0
0
0
0
0%
0%
2
0
-
0
219
67
244
68
11%
1%
256
63
6
6
TOTALS 8
Property Web ID: 0402726
sothebysrealty.com
On The Market FEATURED PROPERTY
LISTINGS AROUND THE WORLD IN THIS PRICE RANGE
EASTHAM, MA
IN METROPOLITAN MARKETS
7 br, 5 ba, 1 hf ba | $4,200,000 Web ID: 20995320
NEW YORK
BEVERLY HILLS
STINSON BEACH
3 br, 3 ba | $6,295,000
5 br, 5 ba, 1 hf ba | $6,495,000
4 br, 3 ba | $6,450,000
PALM BEACH GARDENS
WAINSCOTT
SANTA BARBARA
6 br, 7 ba, 1 hf ba | $6,650,000
5 br, 5 ba, 2 hf ba | $4,750,000
4 br, 4 ba, 1 hf ba | $5,750,000
MEXICO
ST. LUCIA
MALTA
7 br, 9 ba, 2 hf ba | $6,250,000
8 br, 8 ba | $5,000,000
5 br, 7 ba | Price Upon Request
oldCape Sotheby’s International Realty
IN RESORT MARKETS Located on Cape Cod Bay at the end of a private road, this 5200 square foot Shingle Style home is well-sited on 4.5+ acres abutting conservation land. Built by Scott Sisson, the gracious and comfortable main house recalls the style of a bygone era. The warm patina of reclaimed flooring affords an appealing backdrop to an easy living first floor plan. Seven bedrooms fit out this expansive home, with water views from almost every room. The master suite offers a most inviting sitting area, glassed on three sides to monitor your ever changing vistas. Both the library and den adjoin the popular 30 ft. screened porch. Grounds are graced with welltended gardens, a lovely wisteria adorned pergola. 3 car garage w entertainment or bedroom quarters and deck above. Private beachfront/ waterfront, stunning sunsets, and enviable privacy can be yours.
CAPE COD | The Mid Cape
IN FOREIGN MARKETS
UPCOMING AUCTION ITEMS
AUTOMOBILE IN CORSA, 1913 BY GIACOMO BALLA Impressionist & Modern Art Evening Sale November 6, 2013 Estimate: $12 - 18 Million
9
The Lower Cape
BREWSTER | HARWICH | ORLEANS | CHATHAM | EASTHAM
The five Towns comprising the Lower Cape have experienced a relatively flat level of activity in 2013 when compared to 2012. The number of units sold in the Lower Cape are up by about 3% in 2013 as compared to 2012. Brewster has seen a 3% decrease in single family unit sales year over year, and condominiums are up by 2%.
Orleans experienced a 7% decrease in average sales price for single family homes, while condomium prices increased 8%. Chatham experienced an increase in single family sales year over year of 27% while Eastham posted a decline of 1%.
Unlike Brewsters decline in single family units, Harwich saw an increase. Harwich performed with a 15% increase in single family sales and a 3% increase in sales of condominium units.
LOWER CAPE SALES | TOTAL UNITS SOLD LOWER CAPE
2012
2013
under $250k
2013
under $250,000
146
141
$250k - $499,999
2012
$250,000 - $499,999
356
402
$500,000 -$ 749,999
153
127
$750,000 - $999,999
53
51
$2M - $3,999,999
$1M - $1,999,999
41
54
$4M +
$2M - $3,999,999
15
12
$4M +
3
1
BREWSTER
$500k -$ 749,999 $750k - $999,999 $1M - $1,999,999
0
SF
CONDO
Average Sales Price 2012
$497,825
$289,550
Average Sales Price 2013
$479,260
$232,078
% Change
-4%
-20%
Average Days on Market 2012
177
184
Average Days on Market 2013
132
162
% Change
-25%
-12%
Avg Sold/List Price Difference 2012
94%
93%
Avg Sold/List Price Difference 2013
95%
95%
% Change
1%
2%
UNITS SOLD
200 400 # Units Sold
600
Property Web ID: 20707800
SOLD Jan-Sep 2012
SOLD Jan-Sep 2013
% Change 2012 to 2013
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
6
38
8
39
33%
3%
2
20
2
5
$250,000 - $499,999
67
8
71
12
6%
50%
44
10
6
8
$500,000 -$ 749,999
27
1
21
1
-22%
0%
24
7
10
63
$750,000 - $999,999
10
4
6
1
-40%
-75%
10
1
15
9
$1M - $1,999,999
5
1
6
0
20%
-100%
14
2
21
-
$2M - $3,999,999
1
0
0
0
-100%
0%
4
0
-
0
$4M +
0
0
0
0
0%
0%
0
0
0
0
116
52
112
53
-3%
2%
98
40
5
5
TOTALS 10
January - September 2013
sothebysrealty.com
HARWICH
SF
CONDO
Average Sales Price 2012
$483,075
$365,969
Average Sales Price 2013
$442,655
$248,480
% Change
-8%
-32%
Average Days on Market 2012
194
257
Average Days on Market 2013
131
181
% Change
-32%
-30%
Avg Sold/List Price Difference 2012
92%
94%
Avg Sold/List Price Difference 2013
95%
95%
% Change
3%
1%
Property Web ID: 20426367
SOLD Jan-Sep 2012
SOLD Jan-Sep 2013
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
29
21
31
21
7%
0%
11
11
3
5
$250,000 - $499,999
118
3
138
6
17%
100%
57
16
4
24
$500,000 -$ 749,999
29
4
32
3
10%
-25%
32
6
9
18
$750,000 - $999,999
6
0
12
0
100%
0%
16
0
12
0
$1M - $1,999,999
5
0
6
0
20%
0%
19
2
29
-
$2M - $3,999,999
6
0
2
0
-67%
0%
7
1
32
-
$4M +
0
1
0
0
0%
-100%
2
0
-
0
193
29
221
30
15%
3%
144
36
4
7
UNITS SOLD
TOTALS
ORLEANS
SF
CONDO
Average Sales Price 2012
$791,584
$249,621
Average Sales Price 2013
$738,471
$270,065
% Change
-7%
8%
Average Days on Market 2012
177
247
Average Days on Market 2013
154
205
% Change
-13%
-17%
Avg Sold/List Price Difference 2012
94%
96%
Avg Sold/List Price Difference 2013
93%
96%
% Change
-1%
0%
UNITS SOLD
% Change 2012 to 2013
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
Property Web ID: 20792694
SOLD Jan-Sep 2012
SOLD Jan-Sep 2013
% Change 2012 to 2013
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
3
17
3
15
0%
-12%
1
5
3
3
$250,000 - $499,999
39
8
29
9
-26%
13%
26
8
8
8
$500,000 -$ 749,999
32
3
25
1
-22%
-67%
14
2
5
18
$750,000 - $999,999
14
0
16
1
14%
100%
19
0
11
0
$1M - $1,999,999
15
0
15
0
0%
0%
29
0
17
0
$2M - $3,999,999
4
0
0
0
-100%
0%
17
0
-
0
$4M +
1
0
1
0
0%
0%
1
0
9
0
108
28
89
26
-18%
-7%
107
15
7
3
TOTALS
CAPE COD | The Lower Cape
11
CHATHAM
SF
CONDO
Average Sales Price 2012
$791,584
$249,621
Average Sales Price 2013
$821,477
$289,618
% Change
4%
16%
Average Days on Market 2012
177
247
Average Days on Market 2013
215
301
% Change
21%
22%
Avg Sold/List Price Difference 2012
94%
96%
Avg Sold/List Price Difference 2013
94%
95%
% Change
0%
-1%
SOLD Jan-Sep 2012
SOLD Jan-Sep 2013
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
3
17
1
13
-67%
-24%
2
5
18
3
$250,000 - $499,999
39
8
61
2
56%
-75%
34
14
5
63
$500,000 -$ 749,999
32
3
28
4
-13%
33%
42
7
14
16
$750,000 - $999,999
14
0
14
0
0%
0%
36
2
23
-
$1M - $1,999,999
15
0
24
0
60%
0%
59
1
22
-
$2M - $3,999,999
4
0
9
0
125%
0%
32
0
32
0
$4M +
1
0
0
0
-100%
0%
6
0
-
0
108
28
137
19
27%
-32%
211
29
9
9
UNITS SOLD
TOTALS
EASTHAM
SF
CONDO
Average Sales Price 2012
$436,185
$206,292
Average Sales Price 2013
$472,909
$229,389
% Change
8%
11%
Average Days on Market 2012
150
391
Average Days on Market 2013
175
195
% Change
17%
-50%
Avg Sold/List Price Difference 2012
94%
93%
Avg Sold/List Price Difference 2013
95%
94%
% Change
1%
1%
UNITS SOLD
12
Property Web ID: 20750429
% Change 2012 to 2013
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
Property Web ID: 20994289
SOLD Jan-Sep 2012
SOLD Jan-Sep 2013
% Change 2012 to 2013
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
4
8
5
5
25%
-38%
6
10
11
18
$250,000 - $499,999
62
4
70
4
13%
0%
57
6
7
14
$500,000 -$ 749,999
22
0
12
0
-45%
0%
25
0
19
0
$750,000 - $999,999
5
0
1
0
-80%
0%
15
0
135
0
$1M - $1,999,999
0
0
3
0
100%
0%
8
0
24
0
$2M - $3,999,999
0
0
1
0
100%
0%
4
0
36
0
$4M +
0
0
0
0
0%
0%
0
0
0
0
TOTALS
93
12
92
9
-1%
-25%
115
16
8
11
sothebysrealty.com
ON MARKET OnTHE The Market FEATURED PROPERTY
LISTINGS AROUND THE WORLD IN THIS PRICE RANGE
TRURO, MA
IN METROPOLITAN MARKETS
1.08 acres | $1,599,000 Web ID: 21256291
NEW YORK
BEL AIR
SAN FRANCISCO
1 br, 1 ba | $1,795,000
2 br, 2 ba | $1,350,000
3 br, 3 ba | $1,780,000
PALM BEACH
EAST HAMPTON
SANTA BARBARA
2 br, 2 ba, 1 hf ba | $1,695,000
3 br, 2 ba | $1,325,000
5 br, 4 ba, 2 hf ba | $1,850,000
MEXICO
ST. LUCIA
MALTA
$1,495,000
3 br, 3 ba, 1 hf ba | $1,200,000
4 br, 5 ba | $1,430,323
Atlantic Bay Sotheby’s International Realty
IN RESORT MARKETS Stunning views will take your breath away from atop this North Truro bluff. Build your dream home and enjoy sweeping views of the bay toward Provincetown, and private stairs down to your own private beach. Seascape Heights is a new coveted enclave of three home sites located above a very stable coastal bank with sweeping views of Cape Cod Bay. Build a four-bedroom house with a swimming pool and a detached garage or a cabana. Each lot is amply sized, at least an acre, and comes with its own mooring. All utilities will be underground. This is a truly unique opportunity.
IN FOREIGN MARKETS
UPCOMING AUCTION ITEMS
LIZ #1, 1963 BY ANDY WARHOL Contemporary Art Sale November 13, 2013 Estimate: $20 - 30 Million
CAPE COD | The Lower Cape
13
The Outer Cape
The Outer Cape experienced a 15% decrease in unit sales year over year.
Truro performed with a 3% increase in single family sales and an 11% decrease in sales of condominium units.
Wellfleet sales of single family units declined 14% while pricing decreased by 0%. Condominiums are down by 5% in average selling price with a 0% increase in unit sales.
Provincetown saw a 31% increase in the average sales price of single family homes and a 5% increase in the sales price of condominium units. Unit sales were down 16% for single family homes and condominiums were also down 22%.
OUTER CAPE SALES |
TOTAL UNITS SOLD OUTER CAPE
January - September 2013
under $250k
2013
35
$250k - $499,999
2012
112
99
$500k -$ 749,999
$500,000 -$ 749,999
73
49
$750,000 - $999,999
30
28
$1M - $1,999,999
14
16
$2M - $3,999,999
1
4
$4M +
0
0
2012
2013
under $250,000
41
$250,000 - $499,999
WELLFLEET
$750k - $999,999 $1M - $1,999,999 $2M - $3,999,999 $4M + 0
SF
CONDO
Average Sales Price 2012
$527,541
$250,289
Average Sales Price 2013
$526,103
$236,629
% Change
0%
-5%
Average Days on Market 2012
198
260
Average Days on Market 2013
215
212
% Change
9%
-18%
Avg Sold/List Price Difference 2012
95%
95%
Avg Sold/List Price Difference 2013
94%
95%
% Change
-1%
0%
UNITS SOLD
14
WELLFLEET | TRURO | PROVINCETOWN
50 100 # Units Sold
150
Property Web ID: 21382850
SOLD Jan-Sep 2012
SOLD Jan-Sep 2013
% Change 2012 to 2013
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
4
4
5
5
25%
25%
9
12
16
22
$250,000 - $499,999
20
3
23
2
15%
-33%
25
9
10
41
$500,000 -$ 749,999
23
0
12
0
-48%
0%
31
2
23
-
$750,000 - $999,999
8
0
4
0
-50%
0%
11
0
25
0
$1M - $1,999,999
1
0
4
0
300%
0%
10
0
23
0
$2M - $3,999,999
0
0
0
0
0%
0%
1
0
-
0
$4M +
0
0
0
0
0%
0%
1
0
-
0
TOTALS
56
7
48
7
-14%
0%
88
23
11
20
sothebysrealty.com
TRURO
SF
CONDO
Average Sales Price 2012
$716,241
$241,747
Average Sales Price 2013
$597,654
$270,000
% Change
-17%
12%
Average Days on Market 2012
248
230
Average Days on Market 2013
239
223
% Change
-4%
-3%
Avg Sold/List Price Difference 2012
90%
88%
Avg Sold/List Price Difference 2013
94%
93%
% Change
5%
5%
Property Web ID: 4457329
SOLD Jan-Sep 2012
SOLD Jan-Sep 2013
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
0
10
2
10
100%
0%
0
13
0
12
$250,000 - $499,999
9
9
14
6
56%
-33%
9
24
6
36
$500,000 -$ 749,999
17
0
11
0
-35%
0%
19
5
16
-
$750,000 - $999,999
6
0
9
1
50%
100%
17
0
17
0
$1M - $1,999,999
3
0
1
0
-67%
0%
17
0
153
0
$2M - $3,999,999
1
0
0
0
-100%
0%
10
0
-
0
$4M +
0
0
0
0
0%
0%
0
0
0
0
TOTALS
36
19
37
17
3%
-11%
72
42
12
15
UNITS SOLD
PROVINCETOWN Average Sales Price 2012 Average Sales Price 2013
SF
CONDO
$795,053
$412,068
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
Property Web ID: 20511209
$1,037,924 $432,219
% Change
31%
5%
Average Days on Market 2012
178
194
Average Days on Market 2013
206
166
% Change
16%
-14%
Avg Sold/List Price Difference 2012
88%
95%
Avg Sold/List Price Difference 2013
92%
96%
% Change
5%
1%
UNITS SOLD
% Change 2012 to 2013
SOLD Jan-Sep 2012
SOLD Jan-Sep 2013
% Change 2012 to 2013
Current Inventory (10/1/13)
# Months of Inventory (10/1/13)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
under $250,000
2
21
0
13
-100%
-38%
1
14
-
10
$250,000 - $499,999
8
63
6
48
-25%
-24%
3
65
5
12
$500,000 -$ 749,999
9
24
5
21
-44%
-13%
7
26
13
11
$750,000 - $999,999
9
7
8
6
-11%
-14%
9
12
10
18
$1M - $1,999,999
10
0
9
2
-10%
100%
18
5
18
23
$2M - $3,999,999
0
0
4
0
100%
0%
6
0
14
0
$4M +
0
0
0
0
0%
0%
1
0
-
0
TOTALS
38
115
32
90
-16%
-22%
45
122
8
8
CAPE COD | The Outer Cape
15
Vacation Rentals Cape Cod, truly one of the world’s most beautiful places, is known for its hundreds of miles of pristine beaches, dozens of spectacular golf courses, whale watching trips, top notch summer theatre and musical entertainment and fine dining. Come spend a weekend or the entire summer. You may decide you never want to leave. From cottages for one or two to estates for more than twenty and everything in between. We offer flexibility with stays ranging from a weekend to properties available for the whole season. We are sure to have the right property to meet your needs.
Our Sotheby’s International Realty rental teams are dedicated to assisting renters to optimize their vacation experience and help vacation rental property owners maximize their rental opportunities on Cape Cod. Whether you’re a new visitor or a Cape Cod devotee, let our experienced rental agents find you the perfect Cape Cod beach house, condo, or getaway for your vacation.
For owners of Cape Cod property, we can list, manage and secure qualified guests for your rental, helping safeguard and enhance your valued home or condominium. Please visit our rental websites to view our current offerings, or contact one of our rental departments to discuss how we can help you with your rental needs.
Atlantic Bay
oldCape 508.428.9115 |
16
sothebyshomes.com
508.255.7100 |
oldcaperentals.com
508.487.2430 |
atlanticbaysir.com
CAPE COD | Rentals
Atlantic Bay
atlanticbaysir.com
Emily Flax Broker/Owner
David Nicolau Broker/Owner
Lincoln Sharpless Broker/Owner
PROVINCETOWN BROKERAGE 168 Commercial Street Provincetown, MA 02657 508.487.2430 Independently Owned & Operated.
Sue Buerkel Broker Associate
Mary Cabral Broker Associate
Ruth Gilbert Broker Associate
PROVINCETOWN HARBOR,, Property Web ID: 20682436
CAPE COD | Atlantic Bay Sotheby’s International Realty
17
Howard Hayes
Ken Hager
owner/broker
brokerage manager
oldCape
oldcape.com
Dolores Alberti
John Allen
Karen Arnold
Susan Baker-Outslay
Len Coakley
Debbie Cody
Karin Daffinee
Eric Ehnstrom
Jo-Ellen Erickson
Peggy Farber
Tracie Griffith Vincent
Chris Hardman
Joseph Hartung
Deidre Hedmark
Dee Higgins
Marion Kaiser
Daneen Law
Joanne Liberles
Diane Miller
Dianne Mongeau
Mary O’Donnell
Pam Roberts
Ann Rush
Brandy Salvador
Eva Scott
Gayle Tambolleo
Jim Trainor
Natalia Weiner
Carla Hemmings
Barbara O’Brien
RENTAL DEPARTMENT
Susan Winslow
BREWSTER BROKERAGE 2404 Main Street, Brewster, MA 02631 508.896.5000 | 800.896.9008
HARWICH BROKERAGE 587 Route 28, Harwich Port, MA 02646 508.432.6100 | 888.432.9220
ORLEANS BROKERAGE 6 Route 6A, Orleans, MA 02653 508.255.6000 | 800.255.0173
Independently Owned & Operated.
18
oldCape Sotheby’s International Realty | CAPE COD
Jack Cotton brokerage manager cape cod brokerages
sothebyshomes.com/capecod
Hugh Barnes
Jackie Bartolomei
Laura Blair
Jane Bodrie
Bonnie Zappala Britt
Melinda Chapin
Pam Chmielinski
Donna Christopher
Stephen Cobb
Theodore Cooper
Cindy Crawford
Bob Foley
Gail Germain Martis
Margaret Gifford
Susan Gill
Ginny Guimond
Annie Hart Cool
Nancy Komenda
Jack Largay
Jan Macallister
Gene Marchand
Jennifer McCartin
Terri Monroe
Oliver Muldoon
Pamela Mullin
Joanne Murphy
Gene Orloff
Debbie Reed
Colleen Riley
Peggy Rowland
Donna Sawyer
Peter Sivco
Steven Strojny
Nancy Sullivan
Pat Thatcher
Laura Thomson
Ellen Valentgas
Beverly Wall-Cedrone
John Weyand
Samuel Wilson
Joan Witter
OSTERVILLE BROKERAGE 851 Main Street, Osterville, MA 02655 508.428.9115 | 800.851.9115 Operated by Sotheby’s International Realty, Inc.
FALMOUTH BROKERAGE 550 West Falmouth Hwy West Falmouth, MA 02574 508.548.2522 | 866.508.2522
CAPE COD | Sotheby’s International Realty Cape Cod Brokerages
19
Marketing Cape Cod Worldwide BREWSTER
HARWICH
PROVINCETOWN
ORLEANS
oldCape OSTERVILLE BROKERAGE 851 Main Street Osterville, MA 02655 508.428.9115 | 800.851.9115 FALMOUTH BROKERAGE 550 West Falmouth Hwy West Falmouth, MA 02574 508.548.2522 | 866.508.2522 sothebyshomes.com Operated by Sotheby’s International Realty, Inc.
OSTERVILLE
BREWSTER BROKERAGE 2404 Main Street, Brewster, MA 02631 508.896.5000 | 800.896.9008 HARWICH BROKERAGE 587 Route 28, Harwich Port, MA 02646 508.432.6100 | 888.432.9220 ORLEANS BROKERAGE 6 Route 6A, Orleans, MA 02653 508.255.6000 | 800.255.0173 oldcape.com
| Independently Owned & Operated.
FALMOUTH
Atlantic Bay PROVINCETOWN BROKERAGE 168 Commercial Street Provincetown, MA 02657 508.487.2430 | atlanticbaysir.com Independently Owned & Operated.
Please contact one of our offices today for additional information about any of the properties featured in this magazine or on our websites, or to receive a complimentary fair market evaluation of your home.
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