WEB: 0403269
Cape Cod Market Update First Quarter 2016 Sotheby’s International Realty Cape Cod Brokerages Osterville | West Falmouth oldCape Sotheby’s International Realty Brewster | Chatham | North Chatham | Dennis | Harwich Port | Orleans Atlantic Bay Sotheby’s International Realty Provincetown sothebysrealty.com
TABLE OF CONTENTS THE UPPER CAPE
3
THE MID CAPE
11
THE LOWER CAPE
19
THE OUTER CAPE
27
Statistical information contained in this report is from the Cape Cod and Islands MLS,
Osterville 851 Main Street | Osterville, MA 02655 508.428.9115 | 800.851.9115
West Falmouth 550 West Falmouth Hwy | West Falmouth, MA 02574 508.548.2522 | 866.508.2522
The arm-shaped peninsula known as Cape Cod rests in the southeast corner of Massachusetts, extending east into the Atlantic Ocean. Its 559.6 miles of coastal shoreline are accented by bays, harbors, beaches and marshland settings of breath-taking natural beauty. Cape
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Cod incorporates all of Barnstable County, which comprises 15 towns:
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Bourne, Sandwich, Falmouth, Mashpee, Barnstable, Yarmouth, Dennis, Harwich, Brewster, Chatham, Orleans, Eastham, Wellfleet, Truro, and
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With waterfront to please all tastes, Cape Cod’s northern shoreline
2404 Main Street | Brewster, MA 02631 | 508.896.5000
is formed by the tidal waters of Cape Cod Bay; south lies the warm
623 Route 6A | Dennis, MA 02638 508-385-4944
Ocean and across its landscape are over 365 kettle ponds formed by
587 Route 28 | Harwich Port, MA 02646 508.432.6100
waters of Nantucket Sound; easterly is the raw power of the Atlantic the glaciers thousands of years ago. Cape Cod’s location provides access to many activities both on the
6 Route 6A | Orleans, MA 02653 508.255.6000
water and land, and its temperate climate, thanks to the nearby Gulf
1455 Main St | Chatham, MA 02633 508.945.9100
ple, located just off the shore of Provincetown to the northwest is the
210 Orleans Rd | North Chatham 508.945.8800
whale watching. And, many of the towns’ harbors provide deep-water
Stream, allows enjoyment for many months out of the year. For examStellwagen Bank National Marine Sanctuary, a renowned location for access to sportfishing and world-class sailing. Additionally, Cape Cod
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has become a premier golf destination, with over 35 public and private
Each Office is Independently Owned and Operated.
golf courses; many designed by today’s biggest golf course architects
Atlantic Bay
including Reese Jones, Geoffrey Cornish, Skip Wogan and Brian Silva.
Provincetown
performing arts.
168 Commercial Street | Provincetown, MA 02657 508.487.2430 | atlanticbaysir.com
When describing a location on Cape Cod, locals refer to four distinct re-
Each Office is Independently Owned and Operated.
gions: the Upper Cape is the region located closest to the mainland, the
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. 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.
2
Provincetown.
Let’s not forget the rich arts and cultural heritage on Cape Cod providing activities from orchestras and opera to galleries, museums and
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.
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THE UPPER CAPE
WEB: 0403318
BOURNE, FALMOUTH SANDWICH, MASHPEE Comprised of the towns of Bourne, Falmouth, Sandwich and Mashpee, the Upper Cape is the portion of the peninsula that is closest to the mainland. Like the rest of Cape Cod each town has its own character and a rich and diverse history.
CAPE COD | THE UPPER CAPE
3
UPPER CAPE SALES JANUARY - MARCH 2016
2016
2015
UNDER $250,000 $250,000 - $499,999 $500,000 -$ 749,999 $750,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 - $3,999,999 $4,000,000 AND UP 0 # UNITS SOLD
20
40
60
80
100
120
140
160
180
The Cape Cod and Islands Multiple Listing Service reported the
TOTAL UNITS SOLD UPPER CAPE
January - March
following year over year statistics, Q1 2016 versus Q1 2015: •
The number of units sold on the Upper Cape increased 24%
•
Bourne experienced a 46% increase in the average
2015
2016
UNDER $250,000
57
64
$250,000 - $499,999
135
171
$500,000 -$ 749,999
26
41
sales were up 3% and condominiums were up 700% from
$750,000 - $999,999
15
13
one unit to eight units
$1,000,000 - $1,999,999
5
6
$2,000,000 - $3,999,999
3
4
$4,000,000 AND UP
0
0
selling price of a single-family unit and a 104% increase in condominium average sale price. Bourne’s single-family unit
•
Falmouth single-family units were down 8% and condominium sales increased by 117% from six to 13 units. Falmouth average selling price of a single-family home remained flat while there was a reduction of 7% in condominiums.
•
Sandwich’s single-family unit sales increased 90% from 39 to 74 units. Sandwich’s average selling price of a singlefamily increased by 4%.
•
Single-family sales in Mashpee increased 14% and condominiums by 19%. There was a 5% decrease in the average selling price of single-family homes and a 2% reduction in condominiums.
4
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WEB: 0841002
BOURNE Home to the first trading center in America, the Aptucxet Trading Post, AVERAGE SALES PRICE
Bourne straddles the Cape Cod Canal, and is considered the gateway to Cape Cod. Bourne includes the villages of Buzzards Bay, Sagamore, Pocasset, Cataumet and a portion of the Massachusetts Military Reservation. 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. The miles of trails along the Cape Cod Canal are wonderful for bike riding, or just watching the boats as the travel through the canal. Bourne is also the home to the Massachusetts Maritime Academy.
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD SOLD JAN-MAR 2015
SOLD JAN-MAR 2016
SF
CONDO
2015
$348,337
$131,000
2016
$507,133
$267,875
% CHANGE
46%
104%
2015
138
183
2016
142
83
% CHANGE
3%
-55%
2015
96%
92%
2016
95%
94%
% CHANGE
-1%
3%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
9
1
5
4
-44%
300%
5
8
3
6
$250,000 - $499,999
22
0
21
3
-5%
100%
56
12
8
12
$500,000 -$ 749,999
2
0
6
1
200%
100%
32
1
16
3
$750,000 - $999,999
2
0
1
0
-50%
0%
10
6
30
-
$1,000,000 - $1,999,999
0
0
2
0
100%
0%
10
0
15
-
$2,000,000 - $3,999,999
0
0
1
0
100%
0%
8
0
24
-
$4,000,000 AND UP
0
0
0
0
0%
0%
1
0
-
-
TOTALS
35
1
36
8
3%
700%
122
27
10
10
CAPE COD | THE UPPER CAPE
5
WEB: 0840922
FALMOUTH Falmouth, one of Cape Cod’s oldest resort communities, is accented by wonderful restaurants and shopping along Main Street, a vibrant art and cultural community and includes the seaside village of Woods Hole, home of the world-renowned Woods Hole Oceanographic Institution. Located just across the Sound from Martha’s Vineyard, it is easy to catch a ferry to the island for a day trip.
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD SOLD JAN-MAR 2015
6
SOLD JAN-MAR 2016
SF
CONDO
2015
$476,801
$362,833
2016
$478,304
$337,308
% CHANGE
0%
-7%
2015
168
78
2016
159
184
% CHANGE
-5%
136%
2015
91%
94%
2016
94%
96%
% CHANGE
3%
2%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
25
1
21
3
-16%
200%
11
6
2
6
$250,000 - $499,999
47
3
45
8
-4%
167%
92
22
6
8
$500,000 -$ 749,999
14
2
12
2
-14%
0%
57
11
14
17
$750,000 - $999,999
5
0
7
0
40%
0%
33
2
14
-
$1,000,000 - $1,999,999
4
0
3
0
-25%
0%
35
1
35
-
$2,000,000 - $3,999,999
3
0
2
0
-33%
0%
20
0
30
-
$4,000,000 AND UP
0
0
0
0
0%
0%
9
0
-
-
TOTALS
98
6
90
13
-8%
117%
257
42
9
10
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WEB: 0841026
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 and museums sprinkled throughout town. For the
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET
outdoor enthusiast, Sandwich is home to beautiful nature trails and north-side beaches, great for long strolls.
AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD SOLD JAN-MAR 2015
SOLD JAN-MAR 2016
SF
CONDO
2015
$379,495
n/a
2016
$395,703
$179,444
% CHANGE
4%
n/a
2015
162
0
2016
156
127
% CHANGE
-4%
n/a
2015
96%
n/a
2016
95%
96%
% CHANGE
-1%
n/a
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
7
0
6
6
-14%
100%
2
7
1
4
$250,000 - $499,999
27
0
50
0
85%
0%
68
9
4
-
$500,000 -$ 749,999
3
0
15
0
400%
0%
47
0
9
-
$750,000 - $999,999
2
0
3
0
50%
0%
17
0
17
-
$1,000,000 - $1,999,999
0
0
0
0
0%
0%
12
0
-
-
$2,000,000 - $3,999,999
0
0
0
0
0%
0%
3
0
-
-
$4,000,000 AND UP
0
0
0
0
0%
0%
0
0
-
-
TOTALS
39
0
74
6
90%
n/a
149
16
6
8
CAPE COD | THE UPPER CAPE
7
WEB: 0403378
MASHPEE The town of Mashpee maintains a strong connection to its Native American heritage. Purchased in 1660, by Richard Bourne, to be set aside for Native Americans, Mashpee Plantation was the first reservation in the United States. A large population of Wampanoag people still reside in
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET
Mashpee today. In addition to Wampanoag culture and history, Mashpee is know for its shopping, restaurants, golfing and the New Seabury Resort. Mashpee includes the villages of New Seabury and Popponesset.
AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD
8
SOLD JAN-MAR 2015
SOLD JAN-MAR 2016
SF
CONDO
2015
$463,817
$315,554
2016
$440,320
$308,803
% CHANGE
-5%
-2%
2015
171
130
2016
192
115
% CHANGE
12%
-12%
2015
94%
96%
2016
96%
97%
% CHANGE
1%
1%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
3
11
9
10
200%
-9%
6
18
2
5
$250,000 - $499,999
22
14
24
20
9%
43%
48
35
6
5
$500,000 -$ 749,999
4
1
3
2
-25%
100%
59
24
59
36
$750,000 - $999,999
5
1
2
0
-60%
-100%
34
3
51
-
$1,000,000 - $1,999,999
1
0
1
0
0%
0%
52
4
156
-
$2,000,000 - $3,999,999
0
0
1
0
100%
0%
16
0
48
-
$4,000,000 AND UP
0
0
0
0
0%
0%
5
0
-
-
TOTALS
35
27
40
32
14%
19%
220
84
17
8
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ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 1340028 | $1,400,000 LOS ANGELES, CA | Web: 0027250 | $1,495,000 HOUSTON, TX | Web: 1232615 | $1,395,000 RESORT MARKETS MALIBU, CA | Web: 1300163 | $1,395,000 EAST HAMPTON, NY | Web: 0046977 | $1,599,000 SANTA BARBARA, CA | Web: 0113999 | $1,349,000 FOREIGN MARKETS COSTA RICA | Web: 25TT62 | $1,500,000 INDIA | Web: 6NGQH2 | $1,495,998 MEXICO | Web: 4MZRYV | $1,495,000 sothebysrealty.com
9
Visit us in-store or online everyday. Our wine specialists will help you shop for the best wines for all occasions.
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10
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THE MID CAPE
WEB: 0401801
BARNSTABLE, YARMOUTH, DENNIS Located in the middle of Cape Cod, along the bicep to continue the arm analogy, the mid Cape consists of the towns of Barnstable, Yarmouth and Dennis. Each of these towns is unique in that it extends the full way across Cape Cod from north to south, bisected only by the Cape’s three main highways of Route 6A, Route 6 and Route 28.
CAPE COD | THE MID CAPE
11
MID CAPE SALES JANUARY - MARCH 2016 2016
2015
UNDER $250,000
$250,000 - $499,999
$500,000 -$749,999
$750,000 - $999,999
$1,000,000 - $1,999,999
$2,000,000 - $3,999,999
$4,000,000 AND UP 0
20
40
60
80
100
120
140
160
180
200
# UNITS SOLD
January - March
TOTAL UNITS SOLD MID CAPE
The Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q1 2016 versus Q1 2015: •
The number of units sold on the Mid Cape increased 21% in
2015
2016
UNDER $250,000
84
104
$250,000 - $499,999
143
173
$500,000 -$ 749,999
27
22
homes increased 6%, while the average selling price of
$750,000 - $999,999
9
8
condominiums decreased 29%.
$1,000,000 - $1,999,999
2
12
$2,000,000 - $3,999,999
5
7
sales were up - 29% for single-family units and 7% for
$4,000,000 AND UP
1
1
condominiums.
Q1 2016 compared to Q1 2015. •
•
•
Barnstable’s average selling price for single-family
Over the same time period, in Barnstable, both closed unit
Yarmouth single-family units were up 30% and condominiums were up 13%.
•
Dennis single-family units increased 24% in Q1 2016 versus Q1 2015.
12
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WEB: 0403365
BARNSTABLE The town of Barnstable consists of seven villages and is the largest community both in land area and population on Cape Cod. Beaches are plentiful along both Cape Cod Bay to the north and Nantucket Sound to the south. It is also the center of county institutions such as the court system and Registry of Deeds as well as the the economic and commercial center of the Cape. Hyannis, Cape Cod’s most populous city, is often referred to as the Hub of the Cape, and is known for its shopping districts, many fine restaurants, and performing arts center. As the center of activity, it is also home to the Barnstable Municipal Airport and a port for
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
SF
CONDO
2015
$521,694
$228,642
2016
$550,424
$163,400
% CHANGE
6%
-29%
2015
139
266
2016
167
103
% CHANGE
20%
-61%
2015
92%
95%
2016
91%
95%
% CHANGE
-2%
0%
ferry service to Nantucket and Martha’s Vineyard. UNITS SOLD SOLD JAN-MAR 2015
SOLD JAN-MAR 2016
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
27
9
26
15
-4%
67%
15
11
2
2
$250,000 - $499,999
60
6
82
1
37%
-83%
130
14
5
42
$500,000 -$ 749,999
11
0
15
0
36%
0%
78
11
16
-
$750,000 - $999,999
3
0
4
0
33%
0%
49
2
37
-
$1,000,000 - $1,999,999
2
0
7
0
250%
0%
79
2
34
-
$2,000,000 - $3,999,999
5
0
6
0
20%
0%
41
0
21
-
$4,000,000 AND UP
1
0
1
0
0%
0%
23
0
69
-
109
15
141
16
29%
7%
415
40
9
8
TOTALS
CAPE COD | THE MID CAPE
13
WEB: 0403340
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. In Yarmouth Port on the north side, along historic Route 6A the quaint meandering road is highlighted by antique sea captains’ homes, antique shops, fine restaurants and historic spots. While, along the south shore the warm waters of Nantucket Sound lap at the shores of sandy beaches just minutes from Route 28 and its many attractions and restaurants.
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD SOLD JAN-MAR 2015
14
SOLD JAN-MAR 2016
SF
CONDO
2015
$333,237
$222,094
2016
$340,681
$213,667
% CHANGE
2%
-4%
2015
140
121
2016
133
186
% CHANGE
-5%
54%
2015
95%
94%
2016
96%
95%
% CHANGE
1%
1%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
23
10
34
14
48%
40%
17
26
2
6
$250,000 - $499,999
39
6
49
4
26%
-33%
84
7
5
5
$500,000 -$ 749,999
5
0
4
0
-20%
0%
28
2
21
-
$750,000 - $999,999
3
0
1
0
-67%
0%
9
1
27
-
$1,000,000 - $1,999,999
0
0
2
0
100%
0%
16
0
24
-
$2,000,000 - $3,999,999
0
0
1
0
100%
0%
3
0
9
-
$4,000,000 AND UP
0
0
0
0
0%
0%
4
0
-
-
TOTALS
70
16
91
18
30%
13%
161
36
5
6
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MLS ID: 21510051
DENNIS Another of Cape Cod’s historic treasures, Dennis offers a bit of everything for everyone. Along its north side, Dennis exudes historic charm, from living history museums such as the Josiah Dennis Manse to a landscape that meanders along Route 6A dotted with antique shops, historic homes and B&Bs. Its southern coastline features one of Cape Cod’s most visited sandy shores, West Dennis Beach, punctuated by cottage colonies and salt-air breezes as well as the lovely estates that reside along the fingers of Bass River, with deep water access to Nantucket Sound.
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD SOLD JAN-MAR 2015
SOLD JAN-MAR 2016
SF
CONDO
2015
$429,100
$260,730
2016
$393,484
$168,980
% CHANGE
-8%
-35%
2015
183
133
2016
122
158
% CHANGE
-33%
19%
2015
94%
100%
2016
94%
97%
% CHANGE
0%
-4%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
6
9
11
4
83%
-56%
13
29
4
22
$250,000 - $499,999
27
5
36
1
33%
-80%
51
15
4
45
$500,000 -$ 749,999
9
2
3
0
-67%
-100%
26
2
26
-
$750,000 - $999,999
3
0
3
0
0%
0%
23
2
23
-
$1,000,000 - $1,999,999
0
0
3
0
100%
0%
17
1
17
-
$2,000,000 - $3,999,999
0
0
0
0
0%
0%
7
0
-
-
$4,000,000 AND UP
0
0
0
0
0%
0%
1
0
-
-
TOTALS
45
16
56
5
24%
-69%
138
49
7
29
CAPE COD | THE MID CAPE
15
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 00110660 | $3,000,000 SAN FRANCISCO, CA | Web: 0087754 | $3,298,000 LOS ANGELES, CA | Web: 0308615 | $3,195,000 RESORT MARKETS SAINT HELENA, CA | Web: 0243934 | $3,550,000 EAST HAMPTON, NY | Web: 0043063 | $3,500,000 MONTECITO, CA | Web: 0632458 | $3,195,000 FOREIGN MARKETS GERMANY | Web: VHZHL2 | $3,853,027 CANADA | Web: X3PBBL | $3,727,410 THAILAND | Web: SMRD4M | $3,828,158 sothebysrealty.com
16
THE LOWER CAPE
MLS ID: 21506743
BREWSTER, HARWICH, CHATHAM, ORLEANS, EASTHAM Quaint and quiet, the lower Cape is made up by the towns of Brewster, Harwich, Chatham, Orleans and Eastham. The Lower Cape also holds the distinction of being the gateway to the Cape Cod National Seashore, with miles of some of the best beaches in the world, including Coast Guard Beach in Eastham, which is consistently ranked as one of the top ten beaches worldwide.
CAPE COD | THE LOWER CAPE
17
LOWER CAPE SALES JANUARY - MARCH 2016 2016
2015
UNDER $250,000
$250,000 - $499,999
$500,000 - $749,999
$750,000 - $999,999
$1,000,000 - $1,999,999
$2,000,000 - $3,999,999
$4,000,000 AND UP 0
20
40
60
80
100
120
# UNITS SOLD
January - March
TOTAL UNITS SOLD LOWER CAPE
2015
2016
UNDER $250,000
32
31
$250,000 - $499,999
96
88
$500,000 -$749,999
35
28
$750,000 - $999,999
13
15
$1,000,000 - $1,999,999
18
16
$2,000,000 - $3,999,999
5
4
$4,000,000 AND UP
0
1
The Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q1 2016 versus Q1 2015: •
The five towns comprising the Lower Cape experienced a decrease in Q1 2016 when compared to Q1 2015.
•
The number of units sold in the Lower Cape was down about 8% in Q1 2016 when compared to 2015.
•
Brewster had a 21% decrease in single-family unit sales year over year, while condominiums were up 24%.
•
Similar to Brewster, Harwich single-family units were down as well verses the same time last year. Harwich experienced an 11% decrease in single-family sales and a 67% decrease in sales of condominium units.
•
Orleans experienced a 5% increase in average sales price for Single-family homes, while condominium prices decreased 40%.
18
sothebysrealty.com
MLS ID: 21509032
BREWSTER Known as the “sea captain’s town,” Brewster is located on the north side of Cape Cod. All of its saltwater beaches are located on Cape Cod Bay, known as the famous Brewster flats, where when the tide is “out,” you can walk out into the bay for at least a mile. 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. Brewster is also home to Nickerson State Park and the Punkhorn Parklands, providing miles of nature trails for the outdoor enthusiast.
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD
SF
CONDO
2015
$514,134
$230,432
2016
$463,909
$318,608
% CHANGE
-10%
38%
2015
150
194
2016
140
142
% CHANGE
-7%
-27%
2015
93%
96%
2016
96%
96%
% CHANGE
3%
0%
INVENTORY
SOLD JAN-MAR 2015
SOLD JAN-MAR 2016
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
1
14
0
12
-100%
-14%
0
6
-
2
$250,000 - $499,999
22
2
18
6
-18%
200%
21
14
4
7
$500,000 -$ 749,999
7
0
7
1
0%
100%
28
3
12
9
$750,000 - $999,999
0
1
2
1
100%
0%
7
2
11
6
$1,000,000 - $1,999,999
4
0
0
1
-100%
100%
10
1
-
3
$2,000,000 - $3,999,999
0
0
0
0
0%
0%
6
0
-
-
$4,000,000 AND UP
0
0
0
0
0%
0%
0
0
-
-
TOTALS
34
17
27
21
-21%
24%
72
26
8
4
UNDER $250,000
CAPE COD | THE LOWER CAPE
% CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
19
MLS ID: 21510657
HARWICH Famous for its Cranberry Festival, Harwich is located to the south of
AVERAGE SALES PRICE
Brewster and all of its saltwater beaches are located along Nantucket Sound. Harwich is also home to some of the most beautiful harbors on Cape Cod, from Wychmere to Allen to Saquatucket, there are many
AVERAGE DAYS ON MARKET
deep-water ports to provide shelter from a storm in Harwich. There is even a ferry which leaves from Saquatucket Harbor to take visitors to Nantucket.
AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD
20
SOLD JAN-MAR 2015
SOLD JAN-MAR 2016
SF
CONDO
2015
$497,732
$294,444
2016
$387,993
$208,667
% CHANGE
-22%
-29%
2015
122
252
2016
134
451
% CHANGE
10%
79%
2015
94%
93%
2016
96%
96%
% CHANGE
2%
3%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
4
7
7
2
75%
-71%
1
10
0
15
$250,000 - $499,999
32
0
26
1
-19%
100%
54
13
6
39
$500,000 -$ 749,999
7
2
5
0
-29%
-100%
36
10
22
-
$750,000 - $999,999
0
0
1
0
100%
0%
17
0
51
-
$1,000,000 - $1,999,999
1
0
1
0
0%
0%
13
0
39
-
$2,000,000 - $3,999,999
1
0
0
0
-100%
0%
2
0
-
-
$4,000,000 AND UP
0
0
0
0
0%
0%
6
0
-
-
TOTALS
45
9
40
3
-11%
-67%
129
33
10
33
sothebysrealty.com
MLS ID: 21600680
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. Take in a free Cape Cod Baseball League game and cheer on the Orleans Firebirds in Eldredge Park, or bring a blanket or beach chair to sit on the lawn and enjoy the Pops in the Park during the summer. Spend the day at world-famous Nauset Beach relaxing on the sand, or bring your kite to Skaket Beach along Cape Cod Bay. There is never a shortage of things to do in Orleans.
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD SOLD JAN-MAR 2015
SOLD JAN-MAR 2016
SF
CONDO
2015
$769,096
$380,500
2016
$811,342
$226,495
% CHANGE
5%
-40%
2015
193
200
2016
248
83
% CHANGE
28%
-59%
2015
95%
93%
2016
94%
99%
% CHANGE
-2%
7%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
1
0
7
0%
600%
0
0
-
-
$250,000 - $499,999
10
1
8
4
-20%
300%
11
4
4
3
$500,000 -$ 749,999
6
1
4
0
-33%
-100%
21
1
16
-
$750,000 - $999,999
4
0
5
0
25%
0%
11
0
7
-
$1,000,000 - $1,999,999
5
0
7
0
40%
0%
19
0
8
-
$2,000,000 - $3,999,999
1
0
0
0
-100%
0%
10
0
-
-
$4,000,000 AND UP
0
0
0
0
0%
0%
5
0
-
-
TOTALS
26
3
24
11
-8%
267%
77
5
10
1
CAPE COD | THE LOWER CAPE
21
MLS ID: 21602282
CHATHAM The National Trust for Historic Preservation chose Chatham as a Distinctive Destination in 2007. Few places encompass the historic charm of this quaint “fishing village” by the sea. Chatham has shorelines along both Nantucket Sound and the Atlantic Ocean and is well-known for its Fish Pier from which commercial and recreational fishermen ply their trade. Chatham is home to a picture-perfect Main Street with village shops, world-class inns and wonderful restaurants which provide the perfect
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
vantage point to enjoy Chatham’s festive small-town parades on Independence Day and New Year’s Eve.
UNITS SOLD SOLD JAN-MAR 2016
CONDO
$820,968
$383,750
2016
$1,268,591
$669,833
% CHANGE
55%
75%
2015
204
140
2016
216
582
% CHANGE
6%
316%
2015
95%
92%
2016
91%
98%
% CHANGE
-5%
6%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
1
2
0
0
-100%
-100%
0
3
-
-
$250,000 - $499,999
15
1
10
0
-33%
-100%
23
6
7
-
$500,000 -$ 749,999
6
1
5
3
-17%
200%
37
3
22
3
$750,000 - $999,999
7
0
6
0
-14%
0%
17
5
9
-
$1,000,000 - $1,999,999
8
0
6
0
-25%
0%
53
5
27
-
$2,000,000 - $3,999,999
3
0
4
0
33%
0%
34
0
26
-
$4,000,000 AND UP
0
0
1
0
100%
0%
11
0
33
-
40
4
32
3
-20%
-25%
175
22
16
22
TOTALS
22
SOLD JAN-MAR 2015
SF
2015
sothebysrealty.com
MLS ID: 21600876
EASTHAM Site of the first meeting between the Pilgrims and Nauset Indians at First Encounter Beach in 1620, Eastham also is home to the Salt Pond Visitor Center and gateway to the Cape Cod National Seashore. From the often photographed iconic Nauset Lighthouse with its bold red and white bands to the Colonial Windmill which still sits on the village green and plays host to many arts and craft shows throughout the summer season, Eastham is always ready with picture-perfect locations. Eastham’s Coast Guard Beach is one of the top ten beaches in the world according to Dr. Beach, and its Bay beaches are a favorite of those seeking warmer waters
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
SF
CONDO
2015
$443,553
$161,000
2016
$452,658
$222,500
% CHANGE
2%
38%
2015
184
52
2016
198
220
% CHANGE
8%
323%
2015
94%
92%
2016
92%
93%
% CHANGE
-1%
1%
and walks on the flats at low tide. UNITS SOLD SOLD JAN-MAR 2015
SOLD JAN-MAR 2016
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
2
1
2
100%
0%
1
7
3
11
$250,000 - $499,999
13
0
14
1
8%
100%
50
4
11
12
$500,000 -$ 749,999
5
0
3
0
-40%
0%
16
0
16
-
$750,000 - $999,999
1
0
0
0
-100%
0%
9
0
-
-
$1,000,000 - $1,999,999
0
0
1
0
100%
0%
7
0
21
-
$2,000,000 - $3,999,999
0
0
0
0
0%
0%
1
0
-
-
$4,000,000 AND UP
0
0
0
0
0%
0%
0
0
-
-
TOTALS
19
2
19
3
0%
50%
84
11
13
11
CAPE COD | THE LOWER CAPE
23
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 0138268 | $5,650,000 SAN FRANCISCO, CA | Web: 0087780 | $5,395,000 HOUSTON, TX | Web: 1240556 | $5,250,000 RESORT MARKETS SONOMA, CA | Web: 0243927 | $5,275,000 AMAGANSETT, NY | Web: 1050627 | $5,250,000 MONTECITO, CA | Web: 0113951 | $5,950,000 FOREIGN MARKETS INDIA | Web: G6ZBKG | $5,684,793 SPAIN | Web: B858KK | $5,528,256 HONG KONG | Web: QGJQX9 | $5,671,492 sothebysrealty.com
24
THE OUTER CAPE
MLS ID: 21602081
WELLFLEET, TRURO, PROVINCETOWN What some consider to be the “True Cape Cod” the Outer Cape is home to some of the most picturesque dunescapes and marshlands on this sandy peninsula. The Cape Cod National Seashore encompasses many of the lands on the Outer Cape including the entire eastern facing shoreline along the Atlantic Ocean. The least populated and most rural part of Cape Cod, many seek the peaceful solitude and beauty that this region provides.
CAPE COD | THE OUTER CAPE
25
OUTER CAPE SALES JANUARY - MARCH 2016
2016
2015
UNDER $250,000 $250,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999 $1,000,000 - $1,999,999 $2,000,000 - $3,999,999 $4,000,000 AND UP 0 # UNITS SOLD
5
10
January - March
TOTAL UNITS SOLD OUTER CAPE
15
20
25
30
The Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q1 2016 versus Q1 2015: •
The Outer Cape experienced a 25% increase in unit sales
2015
2016
UNDER $250,000
4
5
$250,000 - $499,999
21
23
$500,000 -$ 749,999
17
28
from five units to 14 units, while pricing decreased by 58%.
$750,000 - $999,999
4
6
Condominiums were down by 45% in average sales price
$1,000,000 - $1,999,999
4
3
$2,000,000 - $3,999,999
2
1
$4,000,000 AND UP
1
0
year over year. •
Sales of single-family units in Wellfleet increased 180%
with a 50% reduction in unit sales. •
Truro had a 10% decrease in single-family sales and a 40% decrease in sales of condominium units.
•
Provincetown saw a 1% decrease in the average sales price of single-family homes and a 5% increase in the sales price of condominium units. Unit sales were down 78% for singlefamily homes while condominiums were up 68%.
26
sothebysrealty.com
MLS ID: 21601734
WELLFLEET The town of Wellfleet is home to amazing dunes along its eastern shores that provide miles of breathtaking views. The Marconi Site, within the Cape Cod National Seashore is where the first Trans Atlantic radio message was sent from America to England by Guglielmo Marconi in 1903. Along its northern shores of Cape Cod Bay resides the beauty of Wellfleet Harbor where one can enjoy the coming and going of boats and people throughout the day. Along its Main Street are wonderful shops, restau-
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
rants and galleries, ripe for exploring.
UNITS SOLD SOLD JAN-MAR 2015
SOLD JAN-MAR 2016
SF
CONDO
2015
$1,318,500
$255,000
2016
$559,618
$139,000
% CHANGE
-58%
-45%
2015
198
232
2016
157
442
% CHANGE
-21%
91%
2015
91%
97%
2016
96%
100%
% CHANGE
5%
3%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
1
0
1
0%
0%
2
10
-
30
$250,000 - $499,999
4
1
5
0
25%
-100%
14
4
8
-
$500,000 -$ 749,999
0
0
9
0
100%
0%
23
3
8
-
$750,000 - $999,999
0
0
0
0
0%
0%
6
0
-
-
$1,000,000 - $1,999,999
0
0
0
0
0%
0%
9
0
-
-
$2,000,000 - $3,999,999
0
0
0
0
0%
0%
1
0
-
-
$4,000,000 AND UP
1
0
0
0
-100%
0%
1
0
-
-
TOTALS
5
2
14
1
180%
-50%
56
17
12
51
CAPE COD | THE OUTER CAPE
27
TRURO Truro is the smallest and least populated town on Cape Cod. Home to dramatic sandy cliffs from Atlantic to Bay, Truro is unsurpassed in its natural beauty. Built in 1797, Highland Lighthouse, located on a cliff 183 feet above sea level, is the oldest lighthouse on Cape Cod. Truro resides close enough to Provincetown to enjoy its activities, but far enough removed to bask in peaceful seclusion.
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD
28
SOLD JAN-MAR 2015
SOLD JAN-MAR 2016
SF
CONDO
2015
$951,850
$335,400
2016
$680,056
$347,333
% CHANGE
-29%
4%
2015
205
92
2016
355
256
% CHANGE
73%
178%
2015
91%
98%
2016
90%
98%
% CHANGE
-1%
1%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
1
1
1
100%
0%
0
5
-
15
$250,000 - $499,999
1
4
1
2
0%
-50%
4
28
12
42
$500,000 -$ 749,999
5
0
6
0
20%
0%
16
2
8
-
$750,000 - $999,999
2
0
0
0
-100%
0%
17
1
-
-
$1,000,000 - $1,999,999
1
0
0
0
-100%
0%
12
0
-
-
$2,000,000 - $3,999,999
1
0
1
0
0%
0%
7
0
21
-
$4,000,000 AND UP
0
0
0
0
0%
0%
1
0
-
-
TOTALS
10
5
9
3
-10%
-40%
57
36
19
36
sothebysrealty.com
MLS ID: 21505328
PROVINCETOWN Provincetown is the bustling, eclectic community at the very tip of Cape Cod. An arts and cultural hub, the Cape Cod School of Art was founded in 1899 by Charles W. Hawthorne and a vibrant arts community still exists today. Home to 3 lighthouses all located within the Cape Cod National Seashore, Provincetown boasts a rich fishing heritage and beautiful harbor. Its vibrant Commercial Street hosts a wonderful collection of shops, galleries, B&Bs and restaurants. The Pilgrim Monument affords the most spectacular view across all of Cape Cod. An outdoor enthusiast’s dream, Provincetown features many beautiful nature trails, a harbor bustling with
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
SF
CONDO
2015
$1,029,139
$528,057
2016
$1,015,000
$554,203
% CHANGE
-1%
5%
2015
230
163
2016
106
170
% CHANGE
-54%
4%
2015
89%
95%
2016
95%
95%
% CHANGE
7%
0%
fishing and whale watching, bike trails and miles of beautiful beaches. UNITS SOLD SOLD JAN-MAR 2015
SOLD JAN-MAR 2016
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (4-22-16)
# MONTHS OF INVENTORY (4-22-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
1
1
0
2
-100%
100%
0
2
-
3
$250,000 - $499,999
2
9
0
15
-100%
67%
2
50
-
10
$500,000 -$ 749,999
2
10
0
13
-100%
30%
4
34
-
8
$750,000 - $999,999
1
1
1
5
0%
400%
5
11
15
7
$1,000,000 - $1,999,999
2
1
1
2
-50%
100%
18
8
54
12
$2,000,000 - $3,999,999
1
0
0
0
-100%
0%
8
2
-
-
$4,000,000 AND UP
0
0
0
0
0%
0%
0
0
-
-
TOTALS
9
22
2
37
-78%
68%
37
107
56
9
CAPE COD | THE OUTER CAPE
29
oldCape Howard Hayes owner/broker
Ken Hager brokerage mgr
Dolores Alberti
Gisella Alexander
John Allen
Karin Daffinee
Karen Arnold
Susan Baker-Outslay Anthony Bartolini
Andrea Besse
Jack D. Bohman
Jennifer Bryant
Nicole Catalano
Debbie Cody
Karen Dysart
Eric Ehnstrom
Kristi Eldredge
Jo-Ellen Erickson
Peggy Farber
Tom Ferguson
Susie Furman
Hardman/Liberles Joseph Hartung
Deidre Hedmark
Dee Higgins
Daneen Law
Peter/Elaine Lomenzo Thomas Lomenzo
Christopher Martin
Laurie McCann
Christine McGrath
Christopher McGrath
Dianne Mongeau Diane Miller
Mac Noks
Mary O’Donnell
Carolyn O’Neill
Hillary Peck
Pam Roberts
Brandy Salvador
Eva Scott
Darci Sequin
Anne Somerby
Gayle Tambolleo
Robin Thayer
Jim Trainor
Natalia Weiner
Susan Winslow
Christa Zevitas
Carla Hemmings
Mary Jane Ryan
Jeff Smith
2404 Main Street | Brewster, MA 02631 | 508.896.5000 623 Route 6A | Dennis, MA 02638 | 508-385-4944 587 Route 28 | Harwich Port, MA 02646 | 508.432.6100 6 Route 6A | Orleans, MA 02653 | 508.255.6000 1455 Main St | Chatham, MA 02633 | 508.945.9100 210 Orleans Rd | North Chatham | 508.945.8800
oldcape.com | Each Office is Independently Owned and Operated.
Provincetown
Atlantic Bay
Emily Flax
broker/owner
David Nicolau
Sue Buerkel
broker/owner
Each Office is Independently Owned and Operated.
30
atlanticbaysir.com
168 Commercial Street Provincetown, MA 02657 508.487.2430
Mary Cabral
Ruth Gilbert
Reven Oliver
Greg Kiely brokerage manager
Steven Asmond
Jackie Bartolomei
Jane Bodrie
Bonnie Britt
Karen Burton
Melinda Chapin
Carol Childs
Pamela Chmielinski
Donna Christopher
Stephen Cobb
Marc Coriaty
Jack Cotton
Sally Duffy
Cynthia Eisen
Robert Foley
Gail Germain-Martis
Margaret Gifford
Susan Gill
Beth Gilmore
Tori Harrison
Annie Hart Cool
Bryan Jesienski
Nancy Komenda
Madeline LaCroix
Jack Largay
Diana Lucivero
Jan Macallister
Gene Marchand
Jennifer McCartin
Terri Monroe
Oliver Muldoon
Pamela Mullin
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Gene Orloff
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Matt Shakin
Jodi Steek
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Pat Thatcher
Ellen Valentgas
Nicole Vautrain
John Weyand
Joan Witter
Lisa Worthen
sothebyshomes.com/capecod
Osterville
West Falmouth
851 Main Street, Osterville, MA 02655 508.428.9115 | 800.851.9115
550 West Falmouth Hwy West Falmouth, MA 02574 508.548.2522 | 866.508.2522
Operated by Sotheby’s International Realty, Inc.
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AN EXQUISITE DIAMOND DESERVES AN EXCLUSIVE SETTING.
Collection available for purchase at Sotheby’s Diamonds salons and exclusive exhibitions worldwide. New York +1 212 894 1400 | London +44 20 7293 6430 | Hong Kong +852 2822 8179 | sothebysdiamonds.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015