WEB: 0401801
Cape Cod Market Update Second 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:
Operated by Sotheby’s International Realty, Inc.
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.
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: 0840922
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 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
100
200
300
400
500
600
Marketwide, the Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q2 2016 versus January - June
Q2 2015:
TOTAL UNITS SOLD UPPER CAPE
2015
2016
UNDER $250,000
147
149
$250,000 - $499,999
426
491
$500,000 -$ 749,999
96
129
condominium average sale price. Bourne single family unit
$750,000 - $999,999
32
36
sales were up 7% and condominiums were up 20% from 15
$1,000,000 - $1,999,999
19
37
$2,000,000 - $3,999,999
7
8
$4,000,000 AND UP
1
1
•
The number of units sold in the Upper Cape has increased by 17% in 2016 as compared to 2015.
•
Bourne has experienced a 32% increase in the average selling price of a single family unit and a 10% decrease in
units to 18 units •
Falmouth single family units were up 11% and condominium sales have increased 31%, from 26 units to 34 units. Falmouth has seen a 7% increase in the average sales price of single family homes while there has been a reduction of 4% in the average sales price of condominiums.
•
Sandwich single family unit sales have increased by 58%. Sandwich’s average sales price of a single family home has decreased by 1%.
•
Single family sales in Mashpee have increased by 11% and condominiums declined by 16%. There has been a 2% increase in the average sales price of single family homes and a 7% increase in the average sales price of condominiums.
4
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WEB: 0403357
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-JUN 2015
SOLD JAN-JUN 2016
SF
CONDO
2015
$352,999
$261,900
2016
$464,881
$235,444
% CHANGE
32%
-10%
2015
139
140
2016
122
98
% CHANGE
-12%
-30%
2015
96%
98%
2016
95%
95%
% CHANGE
-1%
-3%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
19
9
18
12
-5%
33%
5
7
2
4
$250,000 - $499,999
63
5
62
5
-2%
0%
54
13
5
16
$500,000 -$ 749,999
8
1
12
1
50%
0%
34
0
17
0
$750,000 - $999,999
4
0
3
0
-25%
0%
15
8
30
-
$1,000,000 - $1,999,999
0
0
4
0
100%
0%
11
1
17
-
$2,000,000 - $3,999,999
0
0
1
0
100%
0%
9
0
54
-
$4,000,000 AND UP
0
0
1
0
100%
0%
1
0
6
-
TOTALS
94
15
101
18
7%
20%
129
29
8
10
CAPE COD | THE UPPER CAPE
5
WEB: 0841020
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-JUN 2015
CONDO
$476,413
$388,846
2016
$510,833
$372,013
% CHANGE
7%
-4%
2015
150
116
2016
139
167
% CHANGE
-7%
44%
2015
93%
96%
2016
94%
97%
% CHANGE
1%
1%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
45
3
51
6
13%
100%
7
6
1
6
$250,000 - $499,999
131
17
139
23
6%
35%
96
24
4
6
$500,000 -$ 749,999
51
6
50
5
-2%
-17%
67
5
8
6
$750,000 - $999,999
10
0
22
0
120%
0%
32
1
9
-
$1,000,000 - $1,999,999
12
0
16
0
33%
0%
41
1
15
-
$2,000,000 - $3,999,999
5
0
5
0
0%
0%
22
0
26
-
$4,000,000 AND UP
0
0
0
0
0%
0%
11
0
-
-
254
26
283
34
11%
31%
276
37
6
7
TOTALS
6
SOLD JAN-JUN 2016
SF
2015
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WEB: 0403337
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-JUN 2015
SOLD JAN-JUN 2016
SF
CONDO
2015
$406,235
$218,857
2016
$400,859
$194,129
% CHANGE
-1%
-11%
2015
136
174
2016
143
123
% CHANGE
5%
-29%
2015
96%
95%
2016
96%
96%
% CHANGE
0%
0%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
19
5
12
9
-37%
80%
4
6
2
4
$250,000 - $499,999
92
2
152
0
65%
-100%
78
5
3
-
$500,000 -$ 749,999
10
0
36
0
260%
0%
46
0
8
-
$750,000 - $999,999
8
0
4
0
-50%
0%
21
0
32
-
$1,000,000 - $1,999,999
1
0
3
0
200%
0%
13
0
26
-
$2,000,000 - $3,999,999
1
0
0
0
-100%
0%
5
0
-
-
$4,000,000 AND UP
0
0
0
0
0%
0%
0
0
-
-
131
7
207
9
58%
29%
167
11
5
7
TOTALS
CAPE COD | THE UPPER CAPE
7
WEB: 0841116
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-JUN 2015
CONDO
$524,088
$315,197
2016
$536,859
$335,694
% CHANGE
2%
7%
2015
160
143
2016
161
124
% CHANGE
1%
-13%
2015
94%
97%
2016
95%
97%
% CHANGE
2%
0%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
14
33
18
23
29%
-30%
4
14
1
4
$250,000 - $499,999
68
48
65
45
-4%
-6%
59
28
5
4
$500,000 -$ 749,999
14
6
20
5
43%
-17%
66
24
20
29
$750,000 - $999,999
9
1
7
0
-22%
-100%
35
6
30
-
$1,000,000 - $1,999,999
6
0
13
1
117%
100%
56
3
26
18
$2,000,000 - $3,999,999
1
0
2
0
100%
0%
15
0
45
-
$4,000,000 AND UP
1
0
0
0
-100%
0%
3
0
-
-
113
88
125
74
11%
-16%
238
75
11
6
TOTALS
8
SOLD JAN-JUN 2016
SF
2015
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ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 00110466 | $3,999,000 SAN FRANCISCO, CA | Web: 0088050 | $3,595,000 LOS ANGELES, CA | Web: 0027432 | $3,295,000 RESORT MARKETS SOUTHAMPTON, NY | Web: 0057018 | $3,595,000 SANTA BARBARA, CA | Web: 0593031 | $3,495,000 PALM BEACH | Web: 0076791 | $3,120,000 FOREIGN MARKETS ITALY | Web: G8QJ7C | $3,894,948 FRANCE | Web: BR6KFJ | $3,883,819 ENGLAND | Web: HTTEJ6 | $3,852,285 sothebysrealty.com
9
AUCTION CALENDAR JUL | AUG | SEPT 2016
Old Master and British Works on Paper Including drawings from the Oppé Collection London 05-06 July Celebration of the English Watch Part II: John Harrison’s Enduring Discovery London 07 July Victorian, Pre-Raphaelite & British Impressionist Art London 14 July Contemporary Living New York 28 July RM Sotheby’s: Motor City Michigan 30 July
We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2016
10
RM Sotheby’s: Monterey Monterey 19 August A Unique Crystal Magnum Decanter of Special Louis XIII Cognac Engraved with a Map of the Americas & Finest & Rarest Wines New York 09-10 September Asia Week New York 13-17 September Important Jewels New York 22 September Contemporary Curated New York 29 September
CRYSTAL MAGNUM DECANTER OF UNIQUE LOUIS XIII COGNAC AMERICAS EDITION Estimate $100,000+ New York 10 September An Asia and Europe edition were also commissioned and will be offered in Hong Kong on 1 October and in London on 16 November, respectively
THE MID CAPE
WEB: 0402942
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 - JUNE 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
100
200
300
400
500
600
# UNITS SOLD
January - June
TOTAL UNITS SOLD MID CAPE
2015
2016
UNDER $250,000
244
264
$250,000 - $499,999
412
535
$500,000 -$ 749,999
73
68
$750,000 - $999,999
24
28
$1,000,000 - $1,999,999
15
31
$2,000,000 - $3,999,999
11
11
$4,000,000 AND UP
3
2
Marketwide, the Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q2 2016 versus Q2 2015: •
The number of units sold in the Mid Cape has increased by 20% in 2016 as compared to 2015.
•
Barnstable’s average sales price in single family homes has decreased 3%, while the average sales price of condominiums has increased 10%.
•
Over the same time frame, in Barnstable, single family units were up 27%, however condominiums were down 13%
•
Yarmouth’s single family units were up 23% and condominiums were up 23%.
•
12
Dennis’ single family units increased 34% for 2016 vs 2015.
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WEB: 0403099
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
$515,792
$203,013
2016
$499,866
$222,549
% CHANGE
-3%
10%
2015
137
166
2016
134
171
% CHANGE
-2%
3%
2015
93%
96%
2016
93%
96%
% CHANGE
0%
0%
ferry service to Nantucket and Martha’s Vineyard. UNITS SOLD SOLD JAN-JUN 2015
SOLD JAN-JUN 2016
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
59
31
75
28
27%
-10%
17
13
1
3
$250,000 - $499,999
184
13
227
9
23%
-31%
147
14
4
9
$500,000 -$ 749,999
30
1
38
2
27%
100%
106
7
17
21
$750,000 - $999,999
8
0
13
0
63%
0%
52
1
24
-
$1,000,000 - $1,999,999
10
0
22
0
120%
0%
79
1
22
-
$2,000,000 - $3,999,999
9
0
9
0
0%
0%
34
0
23
-
$4,000,000 AND UP
3
0
2
0
-33%
0%
24
0
72
-
303
45
386
39
27%
-13%
459
36
7
6
TOTALS
CAPE COD | THE MID CAPE
13
WEB: 0403359
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-JUN 2015
CONDO
$346,721
$229,425
2016
$320,468
$238,000
% CHANGE
-8%
4%
2015
132
94
2016
108
186
% CHANGE
-18%
98%
2015
96%
96%
2016
96%
96%
% CHANGE
0%
0%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
65
26
84
34
29%
31%
17
26
1
5
$250,000 - $499,999
120
14
156
15
30%
7%
88
9
3
4
$500,000 -$ 749,999
13
0
8
0
-38%
0%
37
1
28
-
$750,000 - $999,999
6
0
4
0
-33%
0%
12
1
18
-
$1,000,000 - $1,999,999
2
0
2
0
0%
0%
19
0
57
-
$2,000,000 - $3,999,999
1
0
1
0
0%
0%
6
0
36
-
$4,000,000 AND UP
0
0
0
0
0%
0%
3
0
-
-
207
40
255
49
23%
23%
182
37
4
5
TOTALS
14
SOLD JAN-JUN 2016
SF
2015
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MLS ID: 21605141
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-JUN 2015
SOLD JAN-JUN 2016
SF
CONDO
2015
$440,864
$220,896
2016
$424,046
$196,013
% CHANGE
-4%
-11%
2015
143
141
2016
116
98
% CHANGE
-19%
-30%
2015
95%
100%
2016
95%
99%
% CHANGE
0%
-1%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
26
37
23
20
-12%
-46%
15
36
4
11
$250,000 - $499,999
71
10
122
6
72%
-40%
67
19
3
19
$500,000 -$ 749,999
25
4
19
1
-24%
-75%
36
1
11
6
$750,000 - $999,999
10
0
10
1
0%
100%
17
1
10
6
$1,000,000 - $1,999,999
3
0
7
0
133%
0%
20
1
17
-
$2,000,000 - $3,999,999
1
0
1
0
0%
0%
10
0
60
-
$4,000,000 AND UP
0
0
0
0
0%
0%
1
0
-
-
136
51
182
28
34%
-45%
166
58
5
12
TOTALS
CAPE COD | THE MID CAPE
15
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 0138486 | $5,600,000 LOS ANGELES, CA | Web: 0308644 | $5,555,000 HOUSTON, TX | Web: 1233885 | $5,495,000 RESORT MARKETS MONTECITO, CA | Web: 0113991 | $5,950,000 SONOMA, CA | Web: 0244108 | $5,850,000 EAST HAMPTON, NY | Web: 0047323 | $4,995,000 FOREIGN MARKETS ISRAEL | Web: WPKBBF | $5,973,871 THAILAND | Web: 3WLKEC | $5,700,000 IBIZA | Web: RCQ57V | $5,508,569 sothebysrealty.com
16
THE LOWER CAPE
MLS ID: 21606072
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 - JUNE 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
50
100
150
200
250
300
# UNITS SOLD
January - June
TOTAL UNITS SOLD LOWER CAPE
Marketwide, the Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q2 2016 versus Q2 2015:
2015
2016
UNDER $250,000
72
72
$250,000 - $499,999
251
253
$500,000 -$749,999
91
90
$750,000 - $999,999
31
36
$1,000,000 - $1,999,999
42
39
$2,000,000 - $3,999,999
11
11
$4,000,000 AND UP
0
3
•
The five towns comprising the Lower Cape have experienced a relatively flat level of activity in 2016 when compared to 2015. The number of units sold in the Lower Cape was up by about 1% in 2016 as compared to 2015.
•
Brewster saw a 6% decrease in single family unit sales year over year, and condominiums were up by 31%.
•
Similar to Brewster, Harwich single family units were down as well versus last year. Harwich performed with an 11% decrease in single family sales and a 26% decrease in sales of condominium units.
•
Orleans experienced a 9% decrease in average sales price for single family homes, while condominium prices increased 9%.
•
Chatham experienced an increase in average sales price for single family homes year over year of 27% while Eastham posted a decline of 7%.
18
sothebysrealty.com
MLS ID: 21603248
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-JUN 2015
SOLD JAN-JUN 2016
SF
CONDO
2015
$500,407
$236,321
2016
$509,888
$319,860
% CHANGE
2%
35%
2015
122
138
2016
146
135
% CHANGE
20%
-2%
2015
95%
96%
2016
96%
97%
% CHANGE
1%
1%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
3
27
1
27
-67%
0%
0
10
0
2
$250,000 - $499,999
53
6
50
11
-6%
83%
32
13
4
7
$500,000 -$ 749,999
16
1
19
3
19%
200%
28
3
9
6
$750,000 - $999,999
1
1
4
4
300%
300%
15
3
23
5
$1,000,000 - $1,999,999
7
0
1
1
-86%
100%
9
2
54
12
$2,000,000 - $3,999,999
1
0
1
0
0%
0%
8
0
48
-
$4,000,000 AND UP
0
0
0
0
0%
0%
0
0
-
-
TOTALS
81
35
76
46
-6%
31%
92
31
7
4
CAPE COD | THE LOWER CAPE
19
MLS ID: 21604798
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-JUN 2015
CONDO
$459,338
$274,263
2016
$487,919
$229,982
% CHANGE
6%
-16%
2015
167
225
2016
132
263
% CHANGE
-21%
17%
2015
95%
93%
2016
92%
95%
% CHANGE
-3%
2%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
11
13
13
11
18%
-15%
2
14
1
8
$250,000 - $499,999
90
3
77
2
-14%
-33%
65
13
5
39
$500,000 -$ 749,999
22
3
18
1
-18%
-67%
34
9
11
54
$750,000 - $999,999
3
0
5
0
67%
0%
21
0
25
-
$1,000,000 - $1,999,999
4
0
4
0
0%
0%
12
0
18
-
$2,000,000 - $3,999,999
2
0
0
0
-100%
0%
3
0
-
-
$4,000,000 AND UP
0
0
1
0
100%
0%
3
0
18
-
132
19
118
14
-11%
-26%
140
36
7
15
TOTALS
20
SOLD JAN-JUN 2016
SF
2015
sothebysrealty.com
MLS ID: 21605456
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
SF
CONDO
2015
$793,164
$257,400
2016
$724,015
$281,670
% CHANGE
-9%
9%
2015
182
110
2016
215
100
% CHANGE
18%
-9%
2015
95%
95%
2016
95%
99%
% CHANGE
0%
4%
INVENTORY
SOLD JAN-JUN 2015
SOLD JAN-JUN 2016
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
1
8
0
10
-100%
25%
1
2
-
1
$250,000 - $499,999
18
1
25
11
39%
1000%
14
1
3
1
$500,000 -$ 749,999
17
1
19
1
12%
0%
18
1
6
6
$750,000 - $999,999
9
0
8
0
-11%
0%
14
0
11
-
$1,000,000 - $1,999,999
9
0
12
0
33%
0%
23
0
12
-
$2,000,000 - $3,999,999
3
0
1
0
-67%
0%
15
0
90
-
$4,000,000 AND UP
0
0
0
0
0%
0%
3
0
-
-
TOTALS
57
10
65
22
14%
120%
88
4
8
1
UNDER $250,000
CAPE COD | THE LOWER CAPE
% CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
21
MLS ID: 21511289
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
CONDO
$867,720
$354,611
2016
$1,103,317
$520,433
% CHANGE
27%
47%
2015
163
145
2016
193
478
% CHANGE
18%
230%
2015
95%
94%
2016
92%
97%
% CHANGE
-4%
4%
INVENTORY
SOLD JAN-JUN 2015
SOLD JAN-JUN 2016
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
1
3
0
3
-100%
0%
0
5
-
10
$250,000 - $499,999
29
5
29
3
0%
-40%
29
7
6
14
$500,000 -$ 749,999
17
1
16
7
-6%
600%
46
4
17
3
$750,000 - $999,999
15
0
13
2
-13%
100%
15
6
7
18
$1,000,000 - $1,999,999
20
0
18
0
-10%
0%
66
3
22
-
$2,000,000 - $3,999,999
5
0
9
0
80%
0%
33
0
22
-
$4,000,000 AND UP
0
0
2
0
100%
0%
12
0
36
-
TOTALS
87
9
87
15
0%
67%
201
25
14
10
UNDER $250,000
22
SF
2015
% CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
sothebysrealty.com
MLS ID: 21605265
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
$462,360
$251,050
2016
$430,219
$249,700
% CHANGE
-7%
-1%
2015
162
192
2016
156
221
% CHANGE
-4%
15%
2015
94%
93%
2016
93%
94%
% CHANGE
-1%
1%
and walks on the flats at low tide. UNITS SOLD
INVENTORY
SOLD JAN-JUN 2015
SOLD JAN-JUN 2016
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
2
3
4
3
100%
0%
1
6
2
12
$250,000 - $499,999
44
2
43
2
-2%
0%
35
3
5
9
$500,000 -$ 749,999
13
0
6
0
-54%
0%
19
0
19
-
$750,000 - $999,999
2
0
0
0
-100%
0%
9
0
-
-
$1,000,000 - $1,999,999
2
0
3
0
50%
0%
8
0
16
-
$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
63
5
56
5
-11%
0%
73
9
8
11
UNDER $250,000
CAPE COD | THE LOWER CAPE
% CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
23
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THE OUTER CAPE
MLS ID: 21604269
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 - JUNE 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
10
20
30
January - June
TOTAL UNITS SOLD OUTER CAPE
40
50
60
70
80
Marketwide, the Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q2 2016 versus
2015
2016
UNDER $250,000
26
21
$250,000 - $499,999
64
69
$500,000 -$ 749,999
43
60
$750,000 - $999,999
9
21
$1,000,000 - $1,999,999
8
15
$2,000,000 - $3,999,999
3
2
$4,000,000 AND UP
2
0
Q2 2015: •
The Outer Cape experienced a 21% increase in unit sales year over year.
•
Wellfleet sales of single family units increased 139%, from 18 units to 43 units, while pricing decreased by 42%. Condominiums are down by 15% in average sales price with a 43% reduction in unit sales.
•
Truro performed with a 25% increase in single family sales and a 60% decrease in sales of condominium units.
•
Provincetown saw a 26% increase in the average sales price of single family homes and an 8% increase in the sales price of condominium units. Unit sales were down 11% for single family homes and condominiums were up 34%.
26
sothebysrealty.com
MLS ID: 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-JUN 2015
SOLD JAN-JUN 2016
SF
CONDO
2015
$1,011,089
$182,643
2016
$582,628
$155,875
% CHANGE
-42%
-15%
2015
155
96
2016
150
242
% CHANGE
-3%
152%
2015
94%
96%
2016
97%
96%
% CHANGE
3%
0%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
2
6
1
4
-50%
-33%
0
5
0
8
$250,000 - $499,999
6
1
19
0
217%
-100%
18
3
6
-
$500,000 -$ 749,999
6
0
17
0
183%
0%
24
3
8
-
$750,000 - $999,999
0
0
2
0
100%
0%
10
0
30
-
$1,000,000 - $1,999,999
2
0
4
0
100%
0%
11
0
17
-
$2,000,000 - $3,999,999
0
0
0
0
0%
0%
4
0
-
-
$4,000,000 AND UP
2
0
0
0
-100%
0%
0
0
-
-
TOTALS
18
7
43
4
139%
-43%
67
11
9
17
CAPE COD | THE OUTER CAPE
27
MLS ID: 21605005
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-JUN 2015
SOLD JAN-JUN 2016
SF
CONDO
2015
$885,760
$318,164
2016
$714,036
$330,250
% CHANGE
-19%
4%
2015
191
145
2016
249
348
% CHANGE
30%
140%
2015
93%
97%
2016
93%
97%
% CHANGE
0%
0%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
7
1
3
100%
-57%
0
8
0
16
$250,000 - $499,999
3
18
2
7
-33%
-61%
1
25
3
21
$500,000 -$ 749,999
10
0
16
0
60%
0%
22
3
8
-
$750,000 - $999,999
3
0
3
0
0%
0%
19
0
38
-
$1,000,000 - $1,999,999
2
0
2
0
0%
0%
18
0
54
-
$2,000,000 - $3,999,999
2
0
1
0
-50%
0%
8
0
48
-
$4,000,000 AND UP
0
0
0
0
0%
0%
1
0
-
-
TOTALS
20
25
25
10
25%
-60%
69
36
17
22
sothebysrealty.com
MLS ID: 21605693
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
$867,139
$452,435
2016
$1,089,448
$489,054
% CHANGE
26%
8%
2015
200
141
2016
296
147
% CHANGE
48%
4%
2015
91%
96%
2016
93%
95%
% CHANGE
3%
-1%
fishing and whale watching, bike trails and miles of beautiful beaches. UNITS SOLD SOLD JAN-JUN 2015
SOLD JAN-JUN 2016
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (7-1-16)
# MONTHS OF INVENTORY (7-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
1
10
0
12
-100%
20%
0
4
-
2
$250,000 - $499,999
5
31
2
39
-60%
26%
0
46
0
7
$500,000 -$ 749,999
5
22
3
24
-40%
9%
2
33
4
8
$750,000 - $999,999
3
3
4
12
33%
300%
7
11
11
6
$1,000,000 - $1,999,999
3
1
6
3
100%
200%
16
9
16
18
$2,000,000 - $3,999,999
1
0
1
0
0%
0%
9
2
54
-
$4,000,000 AND UP
0
0
0
0
0%
0%
1
0
-
-
TOTALS
18
67
16
90
-11%
34%
35
105
13
7
CAPE COD | THE OUTER CAPE
29
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