WEB: 0841002
Cape Cod Market Update Third Quarter 2015 Sotheby’s International Realty Cape Cod Brokerages Osterville | West Falmouth oldCape Sotheby’s International Realty Brewster | 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
oldCape
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
oldcape.com
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.
Let’s not forget the rich arts and cultural heritage on Cape Cod providing activities from orchestras and opera to galleries, museums and
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
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2
Provincetown.
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: 0840809
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 - SEPTEMBER 2015
2015
2014
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
100
200
300
400
500
600
700
800
TOTAL UNITS SOLD UPPER CAPE
2014
2015
UNDER $250,000
229
252
$250,000 - $499,999
634
698
$500,000 -$ 749,999
126
154
$750,000 - $999,999
41
59
average sale price. Bourne’s Single Family unit sales are up 39%
$1,000,000 - $1,999,999
46
35
and condominiums stayed flat.
$2,000,000 - $3,999,999
19
10
Falmouth Single Family units are up 4% and condominium sales
$4,000,000 AND UP
3
2
The number of units sold on the Upper Cape has increased by 10% in 2015 as compared to 2014. Bourne has experienced a 21% decrease in the average selling price of a single family unit and a 9% decrease in condominium
have also increased by 4%. Falmouth has seen an 8% decrease in the average selling price of a single family home while there has been a reduction of 2% in condominiums. Sandwich’s Single Family unit sales have increased by 11% and condominiums have declined by 39%. Sandwich’s average selling price of a single family has increased by 8% while condominiums have increased by 13%. Single Family sales in Mashpee have increased by 5% and condominiums by 18%. There has been a 10% decrease in the average selling price of single family homes and a 2% reduction in condominiums.
4
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WEB: 0840905
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-SEPT 2014
SOLD JAN-SEPT 2015
SF
CONDO
2014
$462,742
$279,229
2015
$364,674
$254,348
% CHANGE
-21%
-9%
2014
158
139
2015
118
111
% CHANGE
-25%
-20%
2014
94%
96%
2015
95%
98%
% CHANGE
1%
2%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
31
14
39
18
26%
29%
14
11
3
6
$250,000 - $499,999
68
14
108
9
59%
-36%
70
8
6
8
$500,000 -$ 749,999
12
0
13
1
8%
100%
32
0
22
-
$750,000 - $999,999
1
0
6
0
500%
0%
13
6
20
-
$1,000,000 - $1,999,999
4
0
1
0
-75%
0%
14
0
126
-
$2,000,000 - $3,999,999
5
0
1
0
-80%
0%
8
0
72
-
$4,000,000 AND UP
0
0
0
0
0%
0%
2
0
-
-
121
28
168
28
39%
0%
153
25
8
8
TOTALS
CAPE COD | THE UPPER CAPE
5
WEB: 0403148
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-SEPT 2014
CONDO
$527,418
$386,523
2015
$485,965
$377,760
% CHANGE
-8%
-2%
2014
137
195
2015
147
106
% CHANGE
7%
-46%
2014
94%
96%
2015
94%
96%
% CHANGE
0%
0%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
68
11
75
11
10%
0%
31
3
4
2
$250,000 - $499,999
205
26
204
25
0%
-4%
131
21
6
8
$500,000 -$ 749,999
66
8
79
11
20%
38%
84
12
10
10
$750,000 - $999,999
27
0
25
1
-7%
100%
46
3
17
27
$1,000,000 - $1,999,999
15
1
19
0
27%
-100%
35
1
17
-
$2,000,000 - $3,999,999
10
0
6
0
-40%
0%
27
0
41
-
$4,000,000 AND UP
2
0
1
0
-50%
0%
11
0
99
-
393
46
409
48
4%
4%
365
40
8
8
TOTALS
6
SOLD JAN-SEPT 2015
SF
2014
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WEB: 0402852
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-SEPT 2014
SOLD JAN-SEPT 2015
SF
CONDO
2014
$372,247
$189,194
2015
$403,368
$214,636
% CHANGE
8%
13%
2014
139
93
2015
124
141
% CHANGE
-11%
52%
2014
96%
95%
2015
96%
95%
% CHANGE
0%
1%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
25
17
29
9
16%
-47%
8
8
2
8
$250,000 - $499,999
150
1
159
2
6%
100%
140
5
8
23
$500,000 -$ 749,999
19
0
20
0
5%
0%
72
0
32
-
$750,000 - $999,999
5
0
13
0
160%
0%
21
0
15
-
$1,000,000 - $1,999,999
2
0
2
0
0%
0%
14
0
63
-
$2,000,000 - $3,999,999
0
0
1
0
100%
0%
3
0
27
-
$4,000,000 AND UP
0
0
0
0
0%
0%
1
0
-
-
201
18
224
11
11%
-39%
259
13
10
11
TOTALS
CAPE COD | THE UPPER CAPE
7
WEB: 0840999
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 SOLD JAN-SEPT 2014
CONDO
$581,554
$327,353
2015
$524,224
$321,543
% CHANGE
-10%
-2%
2014
178
128
2015
149
143
% CHANGE
-16%
12%
2014
94%
97%
2015
94%
98%
% CHANGE
0%
0%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
32
31
21
50
-34%
61%
17
16
7
3
$250,000 - $499,999
80
90
107
84
34%
-7%
70
34
6
4
$500,000 -$ 749,999
20
1
20
10
0%
900%
59
15
27
14
$750,000 - $999,999
8
0
13
1
63%
100%
34
5
24
45
$1,000,000 - $1,999,999
23
1
13
0
-43%
-100%
54
2
37
-
$2,000,000 - $3,999,999
4
0
2
0
-50%
0%
17
0
77
-
$4,000,000 AND UP
1
0
1
0
0%
0%
5
0
45
-
168
123
177
145
5%
18%
256
72
13
4
TOTALS
8
SOLD JAN-SEPT 2015
SF
2014
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ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 00110341 | $1,700,000 SAN FRANCISCO, CA | Web: 0087579 | $1,525,000 HOUSTON, TX | Web: 1233394 | $1,595,000 RESORT MARKETS PALM BEACH, FL | Web: 0076755 | $1,700,000 CAPE COD, MA | Web: 0403249 | $1,695,000 SANTA BARBARA, CA | Web: 0113946 | $1,800,000 FOREIGN MARKETS COSTA RICA | Web: S349HB | $1,350,000 ITALY | Web: JM3MBW | $1,792,115 GREECE | Web: DNJSXS | $1,792,115 sothebysrealty.com
9
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10
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THE MID CAPE
WEB: 0403097
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 - SEPTEMBER 2015 2015
2014
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
100
200
300
400
500
600
700
800
# UNITS SOLD
TOTAL UNITS SOLD MID CAPE
2014
2015
UNDER $250,000
461
396
$250,000 - $499,999
660
685
$500,000 -$ 749,999
122
128
$750,000 - $999,999
42
45
$1,000,000 - $1,999,999
33
37
$2,000,000 - $3,999,999
12
13
$4,000,000 AND UP
5
6
The number of units sold on the Mid Cape has decreased by 2% in 2015 as compared to 2014. Barnstable’s average selling price in single family homes has increased 1%, while the average selling price of condominiums has decreased 15%. Over the same time frame in Barnstable, single family unit sales are down. 5% while condominum units are down 10%. Yarmouth single family units are up 8%, however condominiums are down 12%. Dennis single family units decreased 5% for 2015 vs 2014.
12
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WEB: 0403247
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
2014
$523,331
$239,926
2015
$530,754
$203,400
% CHANGE
1%
-15%
2014
124
181
2015
128
194
% CHANGE
3%
7%
2014
94%
95%
2015
93%
96%
% CHANGE
0%
1%
ferry service to Nantucket and Martha’s Vineyard. UNITS SOLD SOLD JAN-SEPT 2014
SOLD JAN-SEPT 2015
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
111
39
93
42
-16%
8%
48
17
5
4
$250,000 - $499,999
316
26
305
19
-3%
-27%
231
16
7
8
$500,000 -$ 749,999
51
4
55
1
8%
-75%
83
10
14
90
$750,000 - $999,999
25
0
19
0
-24%
0%
52
2
25
-
$1,000,000 - $1,999,999
26
0
27
0
4%
0%
73
1
24
-
$2,000,000 - $3,999,999
9
0
11
0
22%
0%
40
0
33
-
$4,000,000 AND UP
4
0
6
0
50%
0%
24
0
36
-
542
69
516
62
-5%
-10%
551
46
10
7
TOTALS
CAPE COD | THE MID CAPE
13
WEB: 0403272
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-SEPT 2014
CONDO
$316,537
$240,628
2015
$349,336
$232,851
% CHANGE
10%
-3%
2014
126
165
2015
121
89
% CHANGE
-4%
-46%
2014
95%
96%
2015
96%
97%
% CHANGE
0%
1%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
130
63
105
55
-19%
-13%
35
45
3
7
$250,000 - $499,999
156
28
196
29
26%
4%
166
12
8
4
$500,000 -$ 749,999
24
4
25
0
4%
-100%
35
1
13
-
$750,000 - $999,999
4
0
11
0
175%
0%
14
1
11
-
$1,000,000 - $1,999,999
4
0
4
0
0%
0%
14
1
32
-
$2,000,000 - $3,999,999
0
0
1
0
100%
0%
6
0
54
-
$4,000,000 AND UP
0
0
0
0
0%
0%
4
0
-
-
318
95
342
84
8%
-12%
274
60
7
6
TOTALS
14
SOLD JAN-SEPT 2015
SF
2014
sothebysrealty.com
WEB: 0403222
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-SEPT 2014
SOLD JAN-SEPT 2015
SF
CONDO
2014
$400,496
$261,553
2015
$422,254
$216,575
% CHANGE
5%
-17%
2014
141
149
2015
128
138
% CHANGE
-9%
-7%
2014
94%
100%
2015
95%
99%
% CHANGE
2%
-1%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
72
46
47
54
-35%
17%
24
50
5
8
$250,000 - $499,999
126
8
123
13
-2%
63%
95
8
7
6
$500,000 -$ 749,999
30
9
42
5
40%
-44%
32
1
7
2
$750,000 - $999,999
11
2
15
0
36%
-100%
29
1
17
-
$1,000,000 - $1,999,999
3
0
6
0
100%
0%
21
1
32
-
$2,000,000 - $3,999,999
3
0
1
0
-67%
0%
6
0
54
-
$4,000,000 AND UP
1
0
0
0
-100%
0%
2
0
-
-
246
65
234
72
-5%
11%
209
61
8
8
TOTALS
CAPE COD | THE MID CAPE
15
AUCTION CALENDAR OCTOBER | NOVEMBER 2015 American Paintings, Drawings and Sculpture New York 02 Oct Modern and Contemporary Asian Art Evening Sale Hong Kong 04 Oct Photographs New York 07 Oct RM Sotheby’s: Hershey Hershey 08 – 09 Oct Property from a Distinguished Private Asian Collection New York 15 Oct Château Margaux 1900–2010 Direct From The Cellars: A Celebration of the Mentzelopoulos Era New York 17 Oct Collections: European Decorative Arts New York 17 Oct The Creative Genius of Sam Simon: A Lifetime of Memorabilia New York 22 Oct Impressionist & Modern Art Evening Sale New York 05 Nov Contemporary Art Evening Auction New York 11 Nov
American Art New York 18 Nov Latin America: Modern Art Latin America: Contemporary Art New York 19 – 20 Nov Prints & Multiples New York 23 – 24 Nov
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© 2015 Andy Warhol Foundation for the Visual Arts / Artists Rights Society (ARS), New York
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THE LOWER CAPE
WEB: 21508521
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 - SEPTEMBER 2015 2015
2014
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
50
100
150
200
250
300
350
400
450
# UNITS SOLD
TOTAL UNITS SOLD LOWER CAPE
2014
2015
UNDER $250,000
113
115
$250,000 - $499,999
359
399
$500,000 -$749,999
109
158
compared to 2014.
$750,000 - $999,999
65
55
Brewster has seen a 6% increase in single family unit sales year
$1,000,000 - $1,999,999
53
66
over year, and condominiums are up by 13%.
$2,000,000 - $3,999,999
24
18
Harwich single family units, like Brewster, saw an increase
2
4
$4,000,000 AND UP
The five towns comprising the Lower Cape have experienced an increase in 2015 when compared to 2014. The number of units sold on the Lower Cape are up by about 12% in 2015 as
compared to last year. Harwich performed with a 36% increase in single family sales and a 13% increase in sales of condominium units. Orleans experienced a 6% increase in average sales price for single family homes, while condomium prices increased 42%. Chatham experienced a decline in unit sales year over year of 3% while Eastham posted an increase of 16%.
18
sothebysrealty.com
WEB: 21507776
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 SOLD JAN-SEPT 2014
SOLD JAN-SEPT 2015
SF
CONDO
2014
$460,438
$232,078
2015
$518,916
$244,127
% CHANGE
13%
5%
2014
111
111
2015
114
116
% CHANGE
3%
5%
2014
95%
95%
2015
95%
97%
% CHANGE
0%
1%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
5
36
4
45
-20%
25%
0
17
0
3
$250,000 - $499,999
80
13
78
11
-3%
-15%
43
12
5
10
$500,000 -$ 749,999
23
3
29
3
26%
0%
34
1
11
3
$750,000 - $999,999
5
0
2
1
-60%
100%
22
2
99
18
$1,000,000 - $1,999,999
5
1
11
0
120%
-100%
9
3
7
-
$2,000,000 - $3,999,999
0
0
1
0
100%
0%
5
0
45
-
$4,000,000 AND UP
0
0
0
0
0%
0%
0
0
-
-
118
53
125
60
6%
13%
113
35
8
5
UNDER $250,000
TOTALS
CAPE COD | THE LOWER CAPE
19
WEB: 21506477
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 SOLD JAN-SEPT 2014
CONDO
$464,262
$367,679
2015
$474,324
$265,511
% CHANGE
2%
-28%
2014
115
149
2015
150
201
% CHANGE
30%
35%
2014
94%
94%
2015
95%
95%
% CHANGE
1%
1%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
18
20
16
24
-11%
20%
5
6
3
2
$250,000 - $499,999
107
7
148
6
38%
-14%
84
11
5
17
$500,000 -$ 749,999
17
2
35
5
106%
150%
38
9
10
16
$750,000 - $999,999
11
1
9
0
-18%
-100%
24
0
24
-
$1,000,000 - $1,999,999
6
0
8
0
33%
0%
12
0
14
-
$2,000,000 - $3,999,999
2
1
3
0
50%
-100%
6
0
18
-
$4,000,000 AND UP
0
0
0
0
0%
0%
2
0
-
-
161
31
219
35
36%
13%
171
26
7
7
TOTALS
20
SOLD JAN-SEPT 2015
SF
2014
sothebysrealty.com
WEB: 21506743
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-SEPT 2014
SOLD JAN-SEPT 2015
SF
CONDO
2014
$760,032
$195,012
2015
$808,675
$277,875
% CHANGE
6%
42%
2014
171
122
2015
163
131
% CHANGE
-5%
7%
2014
94%
95%
2015
95%
96%
% CHANGE
1%
1%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
21
1
10
100%
-52%
1
12
9
11
$250,000 - $499,999
25
3
25
5
0%
67%
28
3
10
5
$500,000 -$ 749,999
20
1
26
1
30%
0%
32
2
11
18
$750,000 - $999,999
22
0
18
0
-18%
0%
18
0
9
-
$1,000,000 - $1,999,999
11
0
12
0
9%
0%
26
0
20
-
$2,000,000 - $3,999,999
2
0
5
0
150%
0%
13
0
23
-
$4,000,000 AND UP
0
0
0
0
0%
0%
2
0
-
-
80
25
87
16
9%
-36%
120
17
12
10
TOTALS
CAPE COD | THE LOWER CAPE
21
WEB: 21509375
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-SEPT 2014
CONDO
$980,850
$347,300
2015
$1,011,569
$361,027
% CHANGE
3%
4%
2014
237
172
2015
159
235
% CHANGE
-33%
37%
2014
92%
95%
2015
95%
95%
% CHANGE
3%
0%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
2
5
1
5
-50%
0%
2
7
18
13
$250,000 - $499,999
53
6
44
8
-17%
33%
22
13
5
15
$500,000 -$ 749,999
27
4
35
2
30%
-50%
35
8
9
36
$750,000 - $999,999
23
0
21
0
-9%
0%
25
5
11
-
$1,000,000 - $1,999,999
28
0
33
0
18%
0%
46
1
13
-
$2,000,000 - $3,999,999
16
0
9
0
-44%
0%
38
0
38
-
$4,000,000 AND UP
2
0
4
0
100%
0%
12
0
27
-
151
15
147
15
-3%
0%
180
34
11
20
TOTALS
22
SOLD JAN-SEPT 2015
SF
2014
sothebysrealty.com
WEB: 21507697
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
2014
$530,343
$288,333
2015
$452,331
$240,583
% CHANGE
-15%
-17%
2014
147
182
2015
143
166
% CHANGE
-3%
-9%
2014
95%
96%
2015
95%
94%
% CHANGE
0%
-2%
and walks on the flats at low tide. UNITS SOLD SOLD JAN-SEPT 2014
SOLD JAN-SEPT 2015
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
5
1
3
6
-40%
500%
3
9
9
14
$250,000 - $499,999
63
2
71
3
13%
50%
63
5
8
15
$500,000 -$ 749,999
12
0
22
0
83%
0%
22
0
9
-
$750,000 - $999,999
3
0
4
0
33%
0%
6
0
14
-
$1,000,000 - $1,999,999
2
0
2
0
0%
0%
5
0
23
-
$2,000,000 - $3,999,999
3
0
0
0
-100%
0%
1
0
-
-
$4,000,000 AND UP
0
0
0
0
0%
0%
0
0
-
-
TOTALS
88
3
102
9
16%
200%
100
14
9
14
UNDER $250,000
CAPE COD | THE LOWER CAPE
23
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 0137863 | $3,595,000 HOUSTON, TX | Web: 1250373 | $3,495,000 LOS ANGELES, CA | Web: 0308403 | $3,495,000 RESORT MARKETS MALIBU, CA | Web: 0355397 | $3,795,000 SAG HARBOR, NY | Web: 0044470 | $3,750,000 CARMEL, CA | Web: 0474004 | $3,395,000 FOREIGN MARKETS GREECE | Web: WWKHD2 | $3,584,229 SOUTH AFRICA | Web: JGDBB6 | $3,526,931 SPAIN | Web: SJ836H | $3,640,233 sothebysrealty.com
24
THE OUTER CAPE
Photo courtesy of Elyssa Cohen Photography
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 - SEPTEMBER 2015
2015
2014
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
TOTAL UNITS SOLD OUTER CAPE
2014
2015
UNDER $250,000
25
39
$250,000 - $499,999
98
107
$500,000 -$ 749,999
75
73
$750,000 - $999,999
26
18
$1,000,000 - $1,999,999
13
14
$2,000,000 - $3,999,999
4
4
$4,000,000 AND UP
0
2
The Outer Cape experienced a 7% increase in unit sales year over year. Wellfleet sales of single family units declined 39% while pricing increased by 33%. Condominiums are down by 44% in average selling price with an 11% reduction in unit sales. Truro performed with a 17% increase in single family sales and a 183% increase in sales of condominium units. Provincetown saw a 7% decrease in the average sales price of single family homes and a 3% increase in the sales price of condominium units. Unit sales were up 13% for single family homes and condominiums were also up 10%.
26
sothebysrealty.com
WEB: 21508461
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-SEPT 2014
SOLD JAN-SEPT 2015
SF
CONDO
2014
$548,189
$329,694
2015
$730,938
$183,563
% CHANGE
33%
-44%
2014
173
290
2015
118
91
% CHANGE
-32%
-69%
2014
95%
97%
2015
95%
96%
% CHANGE
0%
-1%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
2
3
3
7
50%
133%
8
6
24
8
$250,000 - $499,999
30
4
18
1
-40%
-75%
26
4
13
36
$500,000 -$ 749,999
20
2
12
0
-40%
-100%
22
2
17
-
$750,000 - $999,999
6
0
0
0
-100%
0%
8
0
-
-
$1,000,000 - $1,999,999
4
0
3
0
-25%
0%
11
0
33
-
$2,000,000 - $3,999,999
0
0
0
0
0%
0%
1
0
-
-
$4,000,000 AND UP
0
0
2
0
100%
0%
1
0
5
-
TOTALS
62
9
38
8
-39%
-11%
77
12
18
14
UNDER $250,000
CAPE COD | THE OUTER CAPE
27
Photo courtesy of Elyssa Cohen Photography
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 SOLD JAN-SEPT 2014
28
SOLD JAN-SEPT 2015
SF
CONDO
2014
$789,340
$257,500
2015
$806,072
$295,385
% CHANGE
2%
15%
2014
194
207
2015
176
153
% CHANGE
-9%
-26%
2014
93%
92%
2015
94%
97%
% CHANGE
1%
5%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
7
0
13
0%
86%
0
9
-
6
$250,000 - $499,999
8
4
5
21
-38%
425%
5
32
9
14
$500,000 -$ 749,999
9
1
19
0
111%
-100%
27
3
13
-
$750,000 - $999,999
7
0
5
0
-29%
0%
14
0
25
-
$1,000,000 - $1,999,999
4
0
3
0
-25%
0%
21
0
63
-
$2,000,000 - $3,999,999
1
0
2
0
100%
0%
7
0
32
-
$4,000,000 AND UP
0
0
0
0
0%
0%
0
0
-
-
TOTALS
29
12
34
34
17%
183%
74
44
20
12
sothebysrealty.com
WEB: 21508957
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
2014
$1,028,063
$449,717
2015
$960,648
$464,069
% CHANGE
-7%
3%
2014
241
162
2015
203
135
% CHANGE
-16%
-17%
2014
93%
96%
2015
92%
96%
% CHANGE
-1%
0%
fishing and whale watching, bike trails and miles of beautiful beaches. UNITS SOLD SOLD JAN-SEPT 2014
SOLD JAN-SEPT 2015
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (10-1-15)
# MONTHS OF INVENTORY (10-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
13
1
15
100%
15%
0
11
-
7
$250,000 - $499,999
2
50
5
57
150%
14%
2
53
4
8
$500,000 -$ 749,999
8
35
7
35
-13%
0%
4
42
5
11
$750,000 - $999,999
8
5
7
6
-13%
20%
4
17
5
26
$1,000,000 - $1,999,999
3
2
5
3
67%
50%
29
5
52
15
$2,000,000 - $3,999,999
3
0
2
0
-33%
0%
10
1
45
-
$4,000,000 AND UP
0
0
0
0
0%
0%
1
0
-
-
TOTALS
24
105
27
116
13%
10%
50
129
17
10
CAPE COD | THE OUTER CAPE
29
Howard Hayes owner/ broker
oldCape
Dolores Alberti
John Allen
Karen Arnold
Susan BakerOutslay
Anthony Bartolini
Andrea Besse
Len Coakley
Debbie Cody
Karin Daffinee
Eric Ehnstrom
Jo-Ellen Erickson
Peggy Farber
Hardman/Liberles
Joseph Hartung
Deidre Hedmark
Dee Higgins
Sarah Laird
Daneen Law
Peter/Elaine Lomenzo
David Marsh
Laurie McCann
Christine McGrath
Dianne Mongeau
Diane Miller
Pam Roberts
Brandy Salvador
Jeff Smith
Eva Scott
Gayle Tambolleo
Robin Thayer
Jim Trainor
Natalia Weiner
Susan Winslow
Lindsey Wright
Carla Hemmings
Mary Jane Ryan
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
atlanticbaysir.com
168 Commercial Street Provincetown, MA 02657 508.487.2430
David Nicolau
Sue Buerkel
broker/owner
Each Office is Independently Owned and Operated.
30
Ken Hager brokerage manager
Mary Cabral
Ruth Gilbert
Reven Oliver
Jack Cotton brokerage manager
Steve Asmond
Jackie Bartolomei
Jane Bodrie
Courtney Bottcher
Bonnie Britt
Karen Burton
Melinda Chapin
Carol Childs
Pam Chmielinski
Donna Christopher
Stephen Cobb
Marc Coriaty
Sally Duffy
Cynthia Eisen
Bob Foley
Gail Germain Martis
Margaret Gifford
Susan Gill
Tori Harrison
Annie Hart Cool
Bryan Jesienski
Nancy Komenda
Jack Largay
Diana Lucivero
Jan Macallister
Gene Marchand
Jennifer McCartin
Terri Monroe
Oliver Muldoon
Pamela Mullin
Joanne Murphy
Gene Orloff
Colleen Riley
Peggy Rowland
Donna Sawyer
Jodi Steek
Steven Strojny
Pat Thatcher
Ellen Valentgas
Nicole Vautrain
Beverly Wall-Cedrone
John Weyand
Joan Witter
Lisa Worthen
sothebyshomes.com/capecod
Osterville
851 Main Street, Osterville, MA 02655 508.428.9115 | 800.851.9115 Operated by Sotheby’s International Realty, Inc.
West Falmouth
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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 8113 | sothebysdiamonds.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015