Cape Cod Market Update Second Quarter 2017 Sotheby’s International Realty Cape Cod Brokerages Osterville | West Falmouth oldCape Sotheby’s International Realty Brewster | Chatham | North Chatham | Dennis Harwich Port | Orleans 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
sothebyshomes.com
Cod incorporates all of Barnstable County, which comprises 15 towns:
Operated by Sotheby’s International Realty, Inc.
Bourne, Sandwich, Falmouth, Mashpee, Barnstable, Yarmouth, Dennis, Harwich, Brewster, Chatham, Orleans, Eastham, Wellfleet, Truro, and
oldCape
Provincetown. 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 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
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
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.
sothebysrealty.com
THE UPPER CAPE
WEB: 0403357
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 - JUNE 2017
$4,000,000 and UP $2,000,000 - $3,999,999 $1,000,000 - $1,999,999 $750,000 - $999,999 $500,000 - $749,999 $250,000 - $499,999 Under $250,000 0
100
200 2017
TOTAL UNITS SOLD UPPER CAPE 2016
2017
Under $250,000
156
116
$250,000 - $499,999
508
539
$500,000 - $749,999
134
143
$750,000 - $999,999
40
47
$1,000,000 - $1,999,999
36
35
$2,000,000 - $3,999,999
8
11
$4,000,000 and UP
1
1
883
892
Total
300
500
600
2016
+8% 107
days
+31% 177
units 4
400
the average sale price of a single family home in Mashpee grew to $575,893 average number of days single family homes in Falmouth were on the market decreased by 23% the average sale price of a condominium in Bourne grew to $308,625 the number of single family homes sold in Sandwich fell by 19%
sothebysrealty.com
WEB: 0403579
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-JUNE 2016
SOLD JAN-JUNE 2017
SF
CONDO
2016
$465,084
$235,444
2017
$469,178
$308,625
% CHANGE
1%
31%
2016
121
98
2017
124
102
% CHANGE
3%
4%
2016
95%
95%
2017
97%
97%
% CHANGE
2%
2%
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY (6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
18
12
8
9
-56%
-25%
6
7
5
5
$250,000 - $499,999
66
5
78
14
18%
180%
44
13
3
6
$500,000 -$ 749,999
13
1
17
0
31%
-100%
27
0
10
-
$750,000 - $999,999
4
0
3
0
-25%
-
12
1
24
-
$1,000,000 - $1,999,999
4
0
4
0
0%
-
7
1
11
-
$2,000,000 - $3,999,999
1
0
2
0
100%
-
10
0
30
-
$4,000,000 AND UP
1
0
0
0
-100%
-
1
0
-
-
107
18
112
23
5%
28%
107
22
6
6
TOTALS
CAPE COD | THE UPPER CAPE
5
WEB: 0841294
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-JUNE 2016
CONDO
$510,955
$395,433
2017
$525,537
$374,155
% CHANGE
3%
-5%
2016
139
187
2017
107
147
% CHANGE
-23%
-21%
2016
94%
96%
2017
95%
96%
% CHANGE
1%
0%
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY (6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
51
7
29
6
-43%
-14%
11
2
2
2
$250,000 - $499,999
140
23
158
20
13%
-13%
84
18
3
5
$500,000 -$ 749,999
51
6
56
5
10%
-17%
51
10
5
12
$750,000 - $999,999
22
2
20
0
-9%
-100%
35
1
11
-
$1,000,000 - $1,999,999
16
0
18
1
13%
-
32
2
11
12
$2,000,000 - $3,999,999
5
0
5
0
0%
-
20
0
24
-
$4,000,000 AND UP
0
0
0
0
-
-
5
0
-
-
285
38
286
32
0%
-16%
238
33
5
6
UNDER $250,000
TOTALS
6
SOLD JAN-JUNE 2017
SF
2016
sothebysrealty.com
WEB: 0403694
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-JUNE 2016
SOLD JAN-JUNE 2017
SF
CONDO
2016
$397,963
$192,716
2017
$426,747
$229,968
% CHANGE
7%
19%
2016
141
133
2017
110
153
% CHANGE
-22%
15%
2016
96%
96%
2017
96%
98%
% CHANGE
0%
2%
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY(6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
13
10
7
11
-46%
10%
3
6
3
3
$250,000 - $499,999
163
0
134
3
-18%
-
80
5
4
10
$500,000 -$ 749,999
36
0
26
0
-28%
-
46
1
11
-
$750,000 - $999,999
4
0
7
0
75%
-
27
0
23
-
$1,000,000 - $1,999,999
3
0
2
0
-33%
-
17
0
51
-
$2,000,000 - $3,999,999
0
0
1
0
-
-
4
0
24
-
$4,000,000 AND UP
0
0
0
0
-
-
0
0
-
-
219
10
177
14
-19%
40%
177
12
6
5
UNDER $250,000
TOTALS
CAPE COD | THE UPPER CAPE
7
WEB: 0841294
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-JUNE 2016
CONDO
$533,536
$320,861
2017
$575,893
$324,901
% CHANGE
8%
1%
2016
158
123
2017
124
94
% CHANGE
-21%
-24%
2016
96%
97%
2017
94%
97%
% CHANGE
-2%
0%
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY(6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
20
25
7
39
-65%
56%
5
13
4
2
$250,000 - $499,999
66
45
88
44
33%
-2%
58
45
4
6
$500,000 -$ 749,999
22
5
25
14
14%
180%
63
26
15
11
$750,000 - $999,999
8
0
17
0
113%
-
40
5
14
-
$1,000,000 - $1,999,999
13
0
10
0
-23%
-
47
6
28
-
$2,000,000 - $3,999,999
2
0
3
0
50%
-
12
0
24
-
$4,000,000 AND UP
0
0
1
0
-
-
7
0
42
-
131
75
151
97
15%
29%
232
95
9
6
TOTALS
8
SOLD JAN-JUNE 2017
SF
2016
sothebysrealty.com
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS PASADENA, CA | Web: 0287126 | $998,000 HOUSTON, TX | Web: 1236350 | $1,249,999 SAN FRANCISCO, CA | Web: 0088308 | $1,495,000 RESORT MARKETS PALM BEACH, FL | Web: 0076674 | $847,000 SANTA FE, NM | Web: 0565485 | $995,000 CAPE COD, MA | Web: 0403579 | $975,000 FOREIGN MARKETS CANADA | Web: GL2MVV | 1 600 000 $ CAD SPAIN | Web: YZB6YR | 1.100.000 € EUR SOUTH AFRICA | Web: HRLGFH | R 16 000 000 ZAR sothebysrealty.com
THE MID CAPE
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
10
MID CAPE SALES JANUARY - JUNE 2017
$4,000,000 and UP $2,000,000 - $3,999,999 $1,000,000 - $1,999,999 $750,000 - $999,999 $500,000 - $749,999 $250,000 - $499,999 Under $250,000 0
100
200 2017
TOTAL UNITS SOLD MID CAPE
11
January - June
2017
Under $250,000
273
207
$250,000 - $499,999
555
545
$500,000 - $749,999
71
91
$750,000 - $999,999
28
26
$1,000,000 - $1,999,999
31
37
$2,000,000 - $3,999,999
11
10
$4,000,000 and UP
2
4
971
920
400
500
600
2016
387
2016
Total
300
units
the number of single family homes sold in Barnstable fell by 4%
16%
the average sale price of a single family home in Dennis increased to $491,695
83
the average number of days a condominium spent on the market in Yarmouth decreased by 61%
days
sothebysrealty.com
WEB: 0403710
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
2016
$492,958
$216,888
2017
$538,172
$216,059
% CHANGE
9%
0%
2016
132
169
2017
132
121
% CHANGE
0%
-28%
2016
94%
97%
2017
94%
96%
% CHANGE
0%
-1%
ferry service to Nantucket and Martha’s Vineyard. UNITS SOLD SOLD JAN-JUNE 2016
SOLD JAN-JUNE 2017
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY(6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
77
30
53
28
-31%
-7%
12
15
1
3
$250,000 - $499,999
240
9
244
12
2%
33%
139
20
3
10
$500,000 -$ 749,999
40
2
46
1
15%
-50%
93
11
12
66
$750,000 - $999,999
13
0
11
0
-15%
-
41
1
22
-
$1,000,000 - $1,999,999
22
0
22
0
0%
-
75
0
20
-
$2,000,000 - $3,999,999
9
0
7
0
-22%
-
30
0
26
-
$4,000,000 AND UP
2
0
4
0
100%
-
23
0
35
-
403
41
387
41
-4%
0%
413
47
6
7
UNDER $250,000
TOTALS
CAPE COD | THE MID CAPE
12
PROPERTY ID: 22RJN2
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-JUNE 2016
CONDO
$320,060
$239,746
2017
$356,646
$214,393
% CHANGE
11%
-11%
2016
107
212
2017
90
83
% CHANGE
-16%
-61%
2016
97%
97%
2017
96%
98%
% CHANGE
-1%
1%
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY(6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
86
35
42
33
-51%
-6%
19
29
3
5
$250,000 - $499,999
159
17
170
8
7%
-53%
113
12
4
9
$500,000 -$ 749,999
8
0
14
0
75%
-
34
1
15
-
$750,000 - $999,999
4
0
5
0
25%
-
22
1
26
-
$1,000,000 - $1,999,999
2
0
3
0
50%
-
16
0
32
-
$2,000,000 - $3,999,999
1
0
1
0
0%
-
8
0
48
-
$4,000,000 AND UP
0
0
0
0
-
-
3
0
-
-
260
52
235
41
-10%
-21%
215
43
5
6
TOTALS
13
SOLD JAN-JUNE 2017
SF
2016
sothebysrealty.com
PROPERTY ID: NQMZS3
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-JUNE 2016
SOLD JAN-JUNE 2017
SF
CONDO
2016
$424,181
$188,092
2017
$491,695
$196,080
% CHANGE
16%
4%
2016
115
100
2017
102
127
% CHANGE
-11%
27%
2016
95%
98%
2017
95%
94%
% CHANGE
0%
-4%
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY(6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
23
22
17
34
-26%
55%
12
28
4
5
$250,000 - $499,999
124
6
103
8
-17%
33%
73
23
4
17
$500,000 -$ 749,999
20
1
29
1
45%
0%
41
2
8
12
$750,000 - $999,999
10
1
10
0
0%
-100%
16
4
10
-
$1,000,000 - $1,999,999
7
0
11
1
57%
-
25
1
14
6
$2,000,000 - $3,999,999
1
0
2
0
100%
-
6
0
18
-
$4,000,000 AND UP
0
0
0
0
-
-
1
0
-
-
185
30
172
44
-7%
47%
174
58
6
8
TOTALS
CAPE COD | THE MID CAPE
14
THE LOWER CAPE
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
15
LOWER CAPE SALES JANUARY - JUNE 2017
$4,000,000 and UP $2,000,000 - $3,999,999 $1,000,000 - $1,999,999 $750,000 - $999,999 $500,000 - $749,999 $250,000 - $499,999 Under $250,000 0
50
100 2017
150
200
January - March
2016
2017
74
60
$250,000 - $499,999
258
252
$500,000 - $749,999
94
116
$750,000 - $999,999
36
41
$1,000,000 - $1,999,999
39
35
$2,000,000 - $3,999,999
11
11
$4,000,000 and UP
3
0
Under $250,000
+23%
29
units -18%
149
days 16
300
2016
-30% TOTAL UNITS SOLD LOWER CAPE
250
the number of condominiums sold in Brewster decreased to 33 the average sale price of a single family home in Eastham rose to $533,950 the number of condominiums sold in Harwich increased 107%, from 14 units in Q2 2016 the average sale price of a single family home in Chatham decreased to $893,797 the average number of days a single family home was on the market in Orleans decreased 34%
sothebysrealty.com
WEB: 0403699
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-JUNE 2016
SOLD JAN-JUNE 2017
SF
CONDO
2016
$505,274
$311,278
2017
$525,517
$257,203
% CHANGE
4%
-17%
2016
141
133
2017
129
66
% CHANGE
-8%
-50%
2016
96%
97%
2017
97%
97%
% CHANGE
1%
0%
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY(6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
2
29
0
23
-100%
-21%
0
10
-
3
$250,000 - $499,999
51
10
53
7
4%
-30%
29
11
3
9
$500,000 -$ 749,999
19
3
22
3
16%
0%
26
1
7
2
$750,000 - $999,999
4
4
6
0
50%
-100%
10
1
10
-
$1,000,000 - $1,999,999
1
1
4
0
300%
-100%
8
1
12
-
$2,000,000 - $3,999,999
1
0
1
0
0%
-
4
0
24
-
$4,000,000 AND UP
0
0
0
0
-
-
1
0
-
-
TOTALS
78
47
86
33
10%
-30%
78
24
5
4
CAPE COD | THE LOWER CAPE
17
PROPERTY ID: JCSDLH
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-JUNE 2016
CONDO
$485,950
$229,982
2017
$485,798
$300,500
% CHANGE
0%
31%
2016
135
263
2017
119
187
% CHANGE
-12%
-29%
2016
92%
95%
2017
96%
95%
% CHANGE
4%
0%
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY(6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
13
11
2
14
-85%
27%
1
5
3
2
$250,000 - $499,999
79
2
90
10
14%
400%
60
10
4
6
$500,000 -$ 749,999
19
1
22
4
16%
300%
40
3
11
5
$750,000 - $999,999
5
0
8
1
60%
-
13
0
10
0
$1,000,000 - $1,999,999
4
0
4
0
0%
-
8
0
12
-
$2,000,000 - $3,999,999
0
0
1
0
-
-
2
0
12
-
$4,000,000 AND UP
1
0
0
0
-100%
-
4
0
-
-
121
14
127
29
5%
107%
128
18
6
4
TOTALS
18
SOLD JAN-JUNE 2017
SF
2016
sothebysrealty.com
WEB: 0403716
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-JUNE 2016
SOLD JAN-JUNE 2017
SF
CONDO
2016
$714,362
$281,670
2017
$752,520
$284,214
% CHANGE
5%
1%
2016
225
100
2017
149
90
% CHANGE
-34%
-11%
2016
95%
99%
2017
95%
97%
% CHANGE
0%
-2%
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY(6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
10
0
10
-
0%
0
3
-
2
$250,000 - $499,999
26
11
15
11
-42%
0%
12
12
5
7
$500,000 -$ 749,999
22
1
18
1
-18%
0%
18
2
6
12
$750,000 - $999,999
8
0
8
0
0%
-
21
0
16
-
$1,000,000 - $1,999,999
12
0
2
0
-83%
-
35
0
105
-
$2,000,000 - $3,999,999
1
0
3
0
200%
-
11
0
22
-
$4,000,000 AND UP
0
0
0
0
-
-
3
0
-
-
TOTALS
69
22
46
22
-33%
0%
100
17
13
5
CAPE COD | THE LOWER CAPE
19
PROPERTY ID: 8WJ5LG
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-JUNE 2016
CONDO
$1,095,098
$520,433
2017
$893,797
$499,146
% CHANGE
-18%
-4%
2016
197
478
2017
197
366
% CHANGE
0%
-23%
2016
91%
97%
2017
95%
92%
% CHANGE
3%
-5%
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY(6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
3
0
7
-
133%
0
3
-
3
$250,000 - $499,999
30
3
24
3
-20%
0%
12
11
3
22
$500,000 -$ 749,999
16
7
30
1
88%
-86%
37
4
7
24
$750,000 - $999,999
13
2
9
0
-31%
-100%
19
5
13
-
$1,000,000 - $1,999,999
18
0
20
1
11%
-
62
2
19
12
$2,000,000 - $3,999,999
9
0
5
1
-44%
-
35
0
42
0
$4,000,000 AND UP
2
0
0
0
-100%
-
11
0
-
-
88
15
88
13
0%
-13%
176
25
12
12
TOTALS
20
SOLD JAN-JUNE 2017
SF
2016
sothebysrealty.com
PROPERTY ID: MDPYSP
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
2016
$435,405
$253,733
2017
$533,950
$258,167
% CHANGE
23%
2%
2016
157
199
2017
133
113
% CHANGE
-15%
-43%
2016
94%
95%
2017
95%
101%
% CHANGE
1%
6%
and walks on the flats at low tide. UNITS SOLD SOLD JAN-JUNE 2016
SOLD JAN-JUNE 2017
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY(6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
3
3
3
1
0%
-67%
0
3
0
18
$250,000 - $499,999
43
3
37
2
-14%
-33%
28
4
5
12
$500,000 -$ 749,999
6
0
15
0
150%
-
25
3
10
-
$750,000 - $999,999
0
0
9
0
-
-
6
0
4
-
$1,000,000 - $1,999,999
3
0
4
0
33%
-
6
0
9
-
$2,000,000 - $3,999,999
0
0
0
0
-
-
3
0
-
-
$4,000,000 AND UP
0
0
0
0
-
-
0
0
-
-
TOTALS
55
6
68
3
24%
-50%
68
10
6
20
UNDER $250,000
CAPE COD | THE LOWER CAPE
21
THE OUTER CAPE
PROPERTY ID: XX48RN
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
22
OUTER CAPE SALES JANUARY - JUNE 2017
$4,000,000 and UP $2,000,000 - $3,999,999 $1,000,000 - $1,999,999 $750,000 - $999,999 $500,000 - $749,999 $250,000 - $499,999 Under $250,000 0
10
20 2017
TOTAL UNITS SOLD OUTER CAPE
January - June
2016
2017
Under $250,000
21
9
$250,000 - $499,999
71
56
$500,000 - $749,999
60
34
$750,000 - $999,999
20
35
$1,000,000 - $1,999,999
15
20
$2,000,000 - $3,999,999
2
6
$4,000,000 and UP
0
0
30
40
60
70
80
2016
-34%
the number of single family homes sold in Wellfleet decreased to 29 units
+27%
the average sale price of a single family home in Truro rose to $906,607
138
days
23
50
the average number of days a single family home in Provincetown spent on the market decreased 55%, from 306 days in Q2 2016
sothebysrealty.com
PROPERTY ID: 5BGVD9
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-JUNE 2016
SOLD JAN-JUNE 2017
SF
CONDO
2016
$578,250
$161,625
2017
$640,241
$341,975
% CHANGE
11%
112%
2016
154
243
2017
180
244
% CHANGE
17%
1%
2016
97%
96%
2017
94%
98%
% CHANGE
-3%
2%
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY(6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
1
4
0
2
-100%
-50%
0
6
-
18
$250,000 - $499,999
20
0
11
1
-45%
-
13
5
7
30
$500,000 - $749,999
17
0
12
1
-29%
-
17
3
9
18
$750,000 - $999,999
2
0
5
0
150%
-
8
0
10
-
$1,000,000 - $1,999,999
4
0
0
0
-100%
-
8
0
-
-
$2,000,000 - $3,999,999
0
0
1
0
-
-
3
0
18
-
$4,000,000 AND UP
0
0
0
0
-
-
0
0
-
-
Total
44
4
29
4
-34%
0%
49
14
10
21
UNDER $250,000
CAPE COD | THE OUTER CAPE
24
PROPERTY ID: WJE4F4
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-JUNE 2016
25
SOLD JAN-JUNE 2017
SF
CONDO
2016
$714,036
$330,250
2017
$906,607
$308,583
% CHANGE
27%
-7%
2016
250
349
2017
270
327
% CHANGE
8%
-6%
2016
93%
97%
2017
92%
94%
% CHANGE
-1%
-3%
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY(6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
1
3
0
4
-100%
33%
0
16
-
24
$250,000 - $499,999
2
7
4
8
100%
14%
4
15
6
11
$500,000 - $749,999
16
0
5
0
-69%
-
20
2
24
-
$750,000 - $999,999
3
0
5
0
67%
-
17
1
20
-
$1,000,000 - $1,999,999
2
0
6
0
200%
-
14
0
14
-
$2,000,000 - $3,999,999
1
0
1
0
0%
-
7
0
42
-
$4,000,000 AND UP
0
0
0
0
-
-
0
0
-
-
Total
25
10
21
12
-16%
20%
62
34
18
17
sothebysrealty.com
PROPERTY ID: T532MJ
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
2016
$1,101,078
$488,790
2017
$1,321,957
$602,944
% CHANGE
20%
23%
2016
306
146
2017
138
130
% CHANGE
-55%
-11%
2016
93%
95%
2017
96%
96%
% CHANGE
3%
1%
fishing and whale watching, bike trails and miles of beautiful beaches. UNITS SOLD SOLD JAN-JUNE 2016
SOLD JAN-JUNE 2017
INVENTORY % CHANGE 2016 TO 2017
CURRENT INVENTORY (6-30-17)
# MONTHS OF INVENTORY(6-30-17)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
12
0
3
-
-75%
0
5
-
10
$250,000 - $499,999
2
40
0
32
-100%
-20%
1
27
-
5
$500,000 - $749,999
3
24
3
13
0%
-46%
0
26
0
12
$750,000 - $999,999
3
12
6
19
100%
58%
9
16
9
5
$1,000,000 - $1,999,999
6
3
10
4
67%
33%
14
3
8
5
$2,000,000 - $3,999,999
1
0
4
0
300%
-
8
1
12
-
$4,000,000 AND UP
0
0
0
0
-
-
0
0
-
-
Total
15
91
23
71
53%
-22%
32
78
8
7
CAPE COD | THE OUTER CAPE
26
MASTERPIECES IN THE MAKING
TM
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. 2016