WEB: 0403542
Cape Cod Market Update Third 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: 0841171
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 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 # UNITS SOLD
200
300
400
500
600
700
800
900
Marketwide, the Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q3 2016 versus
TOTAL UNITS SOLD UPPER CAPE
January - September
Q3 2015: •
The number of units sold in the Upper Cape has increased by
2015
2016
UNDER $250,000
252
229
$250,000 - $499,999
698
763
$500,000 -$ 749,999
154
199
condominium average sale price. Bourne’s single-family unit
$750,000 - $999,999
59
57
sales were down 3% and condominiums were up 11% from
$1,000,000 - $1,999,999
35
57
$2,000,000 - $3,999,999
10
12
$4,000,000 AND UP
2
1
9% in 2016 as compared to 2015. •
Bourne has experienced a 19% increase in the average selling price of a single-family unit and a 6% decrease in
28 units to 31 units. •
Falmouth single-family units were up 3% and condominium sales have increased by 13%. Falmouth has seen a 9% increase in the average selling price of a single-family home while there has been an increase of 1% in condominiums.
•
Sandwich’s single-family unit sales have increased by 34% while the average selling price of a single-family has remained flat.
•
Single-family sales in Mashpee have increased by 16% and condominiums declined by 14%. The average selling price of single-family homes remained flat while condominiums increased by 6%.
4
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WEB: 0840982
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 2015
SOLD JAN-SEPT 2016
SF
CONDO
2015
$364,674
$254,348
2016
$435,384
$240,029
% CHANGE
19%
-6%
2015
118
111
2016
115
81
% CHANGE
-3%
-27%
2015
95%
98%
2016
95%
96%
% CHANGE
0%
-2%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
39
18
28
21
-28%
17%
3
10
1
4
$250,000 - $499,999
108
9
101
9
-6%
0%
58
13
5
13
$500,000 -$ 749,999
13
1
23
1
77%
0%
33
0
13
0
$750,000 - $999,999
6
0
5
0
-17%
0%
12
8
22
-
$1,000,000 - $1,999,999
1
0
4
0
300%
0%
14
1
32
-
$2,000,000 - $3,999,999
1
0
1
0
0%
0%
9
0
81
-
$4,000,000 AND UP
0
0
1
0
100%
0%
1
0
9
-
168
28
163
31
-3%
11%
130
32
7
9
TOTALS
CAPE COD | THE UPPER CAPE
5
WEB: 0841157
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 2015
CONDO
$485,965
$377,760
2016
$531,291
$382,744
% CHANGE
9%
1%
2015
147
106
2016
135
163
% CHANGE
-8%
54%
2015
94%
96%
2016
94%
96%
% CHANGE
1%
0%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
75
11
67
10
-11%
-9%
9
3
1
3
$250,000 - $499,999
204
25
212
34
4%
36%
110
16
5
4
$500,000 -$ 749,999
79
11
73
8
-8%
-27%
68
10
8
11
$750,000 - $999,999
25
1
30
2
20%
100%
30
0
9
0
$1,000,000 - $1,999,999
19
0
29
0
53%
0%
35
1
11
-
$2,000,000 - $3,999,999
6
0
9
0
50%
0%
23
0
23
-
$4,000,000 AND UP
1
0
0
0
-100%
0%
9
0
-
-
409
48
420
54
3%
13%
284
30
6
5
UNDER $250,000
TOTALS
6
SOLD JAN-SEPT 2016
SF
2015
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WEB: 0403549
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 2015
SOLD JAN-SEPT 2016
SF
CONDO
2015
$403,368
$214,636
2016
$404,835
$229,509
% CHANGE
0%
7%
2015
124
141
2016
130
164
% CHANGE
5%
16%
2015
96%
95%
2016
96%
97%
% CHANGE
0%
1%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
29
9
21
15
-28%
67%
4
9
2
5
$250,000 - $499,999
159
2
221
2
39%
0%
85
4
3
18
$500,000 -$ 749,999
20
0
50
1
150%
100%
53
1
10
9
$750,000 - $999,999
13
0
4
0
-69%
0%
24
0
54
-
$1,000,000 - $1,999,999
2
0
5
0
150%
0%
13
0
23
-
$2,000,000 - $3,999,999
1
0
0
0
-100%
0%
4
0
-
-
$4,000,000 AND UP
0
0
0
0
0%
0%
1
0
-
-
224
11
301
18
34%
64%
184
14
6
7
TOTALS
CAPE COD | THE UPPER CAPE
7
WEB: 0403517
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 2015
CONDO
$524,224
$321,543
2016
$523,648
$342,424
% CHANGE
0%
6%
2015
149
143
2016
147
131
% CHANGE
-1%
-8%
2015
94%
98%
2016
95%
97%
% CHANGE
2%
-1%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
21
50
28
39
33%
-22%
4
15
1
3
$250,000 - $499,999
107
84
109
75
2%
-11%
50
36
4
4
$500,000 -$ 749,999
20
10
35
8
75%
-20%
60
34
15
38
$750,000 - $999,999
13
1
15
1
15%
0%
41
6
25
54
$1,000,000 - $1,999,999
13
0
17
2
31%
100%
53
2
28
9
$2,000,000 - $3,999,999
2
0
2
0
0%
0%
16
0
72
-
$4,000,000 AND UP
1
0
0
0
-100%
0%
0
0
-
-
177
145
206
125
16%
-14%
224
93
10
7
TOTALS
8
SOLD JAN-SEPT 2016
SF
2015
sothebysrealty.com
The Personal Art Collection of David Bowie Auctions in London 10 & 11 November 2016, Viewing 1 – 10 November Enquiries +44 (0)20 7293 5519 bowie@sothebys.com 34–35 New Bond Street, London W1A 2AA sothebys.com/BowieCollector
© GAVIN EVANS
9
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
10
THE MID CAPE
WEB: 0403276
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 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
500
400
600
700
800
900
# UNITS SOLD
January - September
Marketwide, the Cape Cod and Islands Multiple Listing Service
TOTAL UNITS SOLD MID CAPE
2015
2016
UNDER $250,000
396
392
$250,000 - $499,999
685
818
$500,000 -$ 749,999
128
121
$750,000 - $999,999
45
43
$1,000,000 - $1,999,999
37
52
$2,000,000 - $3,999,999
13
19
in Barnstable, single-family units were up 17%, however
$4,000,000 AND UP
6
3
condominiums were down by 6%.
reported the following year over year statistics, Q3 2016 versus Q3 2015: •
The number of units sold in the Mid Cape has increased by 11% in 2016 as compared to 2015.
•
Barnstable’s average selling price in single-family homes has decreased 4% while the average selling price of condominiums has increased 8%. Over the same time frame
•
Yarmouth’s single-family units were up 16%, however condominiums were down 2%.
•
Dennis’ single-family units increased 8% in Q3 2016 vs Q3 2015.
12
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WEB: 0403529
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
$530,754
$203,400
2016
$510,749
$219,117
% CHANGE
-4%
8%
2015
128
194
2016
128
147
% CHANGE
0%
-24%
2015
93%
96%
2016
94%
97%
% CHANGE
0%
1%
ferry service to Nantucket and Martha’s Vineyard. UNITS SOLD SOLD JAN-SEPT 2015
SOLD JAN-SEPT 2016
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
93
42
105
42
13%
0%
21
17
2
4
$250,000 - $499,999
305
19
353
13
16%
-32%
141
17
4
12
$500,000 -$ 749,999
55
1
66
3
20%
200%
105
8
14
24
$750,000 - $999,999
19
0
25
0
32%
0%
48
1
17
-
$1,000,000 - $1,999,999
27
0
39
0
44%
0%
80
1
18
-
$2,000,000 - $3,999,999
11
0
15
0
36%
0%
27
0
16
-
$4,000,000 AND UP
6
0
3
0
-50%
0%
24
0
72
-
516
62
606
58
17%
-6%
446
44
7
7
UNDER $250,000
TOTALS
CAPE COD | THE MID CAPE
13
MLS ID: 21607607
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 2015
CONDO
$349,336
$232,851
2016
$329,442
$243,673
% CHANGE
-6%
5%
2015
121
89
2016
103
143
% CHANGE
-15%
61%
2015
96%
97%
2016
97%
97%
% CHANGE
1%
0%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
105
55
118
52
12%
-5%
20
27
2
5
$250,000 - $499,999
196
29
251
28
28%
-3%
95
10
3
3
$500,000 -$ 749,999
25
0
20
2
-20%
100%
29
1
13
5
$750,000 - $999,999
11
0
4
0
-64%
0%
11
1
25
-
$1,000,000 - $1,999,999
4
0
4
0
0%
0%
18
0
41
-
$2,000,000 - $3,999,999
1
0
1
0
0%
0%
7
0
63
-
$4,000,000 AND UP
0
0
0
0
0%
0%
3
0
-
-
342
84
398
82
16%
-2%
183
39
4
4
TOTALS
14
SOLD JAN-SEPT 2016
SF
2015
sothebysrealty.com
MLS ID: 21608350
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 2015
SOLD JAN-SEPT 2016
SF
CONDO
2015
$422,254
$216,575
2016
$435,986
$179,292
% CHANGE
3%
-17%
2015
128
138
2016
110
102
% CHANGE
-14%
-26%
2015
95%
99%
2016
95%
97%
% CHANGE
0%
-2%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
47
54
35
40
-26%
-26%
8
40
2
9
$250,000 - $499,999
123
13
164
9
33%
-31%
76
19
4
19
$500,000 -$ 749,999
42
5
29
1
-31%
-80%
44
1
14
9
$750,000 - $999,999
15
0
13
1
-13%
100%
20
1
14
9
$1,000,000 - $1,999,999
6
0
9
0
50%
0%
21
1
21
-
$2,000,000 - $3,999,999
1
0
3
0
200%
0%
8
0
24
-
$4,000,000 AND UP
0
0
0
0
0%
0%
1
0
-
-
234
72
253
51
8%
-29%
178
62
6
11
TOTALS
CAPE COD | THE MID CAPE
15
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 00110341 | $1,499,000 HOUSTON, TX | Web: 1234994 | $1,199,999 PASADENA, CA | Web: 0278049 | $1,150,000 RESORT MARKETS GLEN ELLEN, CA | Web: 0244201 | $1,495,000 EAST HAMPTON, NY | Web: 0038372 | $1,495,000 SANTA FE, NM | Web: 0575641 | $1,297,000 FOREIGN MARKETS COSTA RICA | Web: S34T2S | $1,200,000 ITALY | Web: LV25XV | 1.100.000 € EUR TURKS AND CAICOS | Web: 2SZDM9 | $975,000 sothebysrealty.com
16
THE LOWER CAPE
MLS ID: 21607467
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 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
350
400
450
# UNITS SOLD
TOTAL UNITS SOLD LOWER CAPE
January - September
Marketwide, the Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q3 2016 versus Q3 2015:
2015
2016
UNDER $250,000
115
114
$250,000 - $499,999
399
408
a relatively flat level of activity in 2016 when compared to
$500,000 -$749,999
158
156
2015.
$750,000 - $999,999
55
52
$1,000,000 - $1,999,999
66
61
$2,000,000 - $3,999,999
18
18
$4,000,000 AND UP
4
7
•
•
The five towns comprising the Lower Cape have experienced
Brewster has seen a 1% increase in single-family unit sales year over year and condominiums were up by 23%.
•
Although Brewster increased singl- family units, Harwich saw a decrease. Harwich performed with a 10% decrease in single-family sales and a 20% decrease in sales of condominium units.
•
Orleans experienced a 3% increase in average sales price for single-family homes while condominium average sales prices increased by 11%.
•
Chatham and Eastham both experienced decreases in unit sales year over year, posting 7% and 7% decreases in units respectively.
18
sothebysrealty.com
MLS ID: 21607649
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 2015
SOLD JAN-SEPT 2016
SF
CONDO
2015
$518,916
$244,127
2016
$518,962
$310,933
% CHANGE
0%
27%
2015
114
116
2016
133
110
% CHANGE
17%
-5%
2015
95%
97%
2016
96%
97%
% CHANGE
1%
0%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
4
45
6
44
50%
-2%
0
10
0
2
$250,000 - $499,999
78
11
78
18
0%
64%
36
7
4
4
$500,000 -$ 749,999
29
3
29
6
0%
100%
27
1
8
2
$750,000 - $999,999
2
1
7
4
250%
300%
11
0
14
0
$1,000,000 - $1,999,999
11
0
4
2
-64%
100%
9
1
20
5
$2,000,000 - $3,999,999
1
0
2
0
100%
0%
5
0
23
-
$4,000,000 AND UP
0
0
0
0
0%
0%
1
0
-
-
125
60
126
74
1%
23%
89
19
6
2
TOTALS
CAPE COD | THE LOWER CAPE
19
MLS ID: 21606467
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 2015
CONDO
$474,324
$265,511
2016
$523,737
$265,720
% CHANGE
10%
0%
2015
150
201
2016
120
211
% CHANGE
-20%
5%
2015
95%
95%
2016
94%
95%
% CHANGE
-1%
1%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
16
24
15
19
-6%
-21%
3
9
2
4
$250,000 - $499,999
148
6
133
6
-10%
0%
59
10
4
15
$500,000 -$ 749,999
35
5
32
3
-9%
-40%
39
6
11
18
$750,000 - $999,999
9
0
8
0
-11%
0%
13
0
15
-
$1,000,000 - $1,999,999
8
0
6
0
-25%
0%
5
0
8
-
$2,000,000 - $3,999,999
3
0
0
0
-100%
0%
2
0
-
-
$4,000,000 AND UP
0
0
3
0
100%
0%
5
0
15
-
219
35
197
28
-10%
-20%
126
25
6
8
TOTALS
20
SOLD JAN-SEPT 2016
SF
2015
sothebysrealty.com
MLS ID: 21603432
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 2015
SOLD JAN-SEPT 2016
SF
CONDO
2015
$808,675
$277,875
2016
$835,193
$309,750
% CHANGE
3%
11%
2015
163
131
2016
197
91
% CHANGE
21%
-31%
2015
95%
96%
2016
94%
99%
% CHANGE
-2%
2%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
1
10
1
11
0%
10%
0
5
0
4
$250,000 - $499,999
25
5
35
15
40%
200%
15
5
4
3
$500,000 -$ 749,999
26
1
31
3
19%
200%
18
0
5
0
$750,000 - $999,999
18
0
11
0
-39%
0%
16
0
13
-
$1,000,000 - $1,999,999
12
0
18
0
50%
0%
14
0
7
-
$2,000,000 - $3,999,999
5
0
4
0
-20%
0%
17
0
38
-
$4,000,000 AND UP
0
0
1
0
100%
0%
2
0
18
-
TOTALS
87
16
101
29
16%
81%
82
10
7
3
UNDER $250,000
CAPE COD | THE LOWER CAPE
21
MLS ID: 21510790
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 2015
CONDO
$1,011,569
$361,027
2016
$1,063,971
$481,528
% CHANGE
5%
33%
2015
159
235
2016
181
404
% CHANGE
14%
72%
2015
95%
95%
2016
93%
97%
% CHANGE
-2%
2%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
1
5
0
4
-100%
-20%
0
7
-
16
$250,000 - $499,999
44
8
45
5
2%
-38%
20
7
4
13
$500,000 -$ 749,999
35
2
32
7
-9%
250%
44
5
12
6
$750,000 - $999,999
21
0
17
2
-19%
100%
23
3
12
14
$1,000,000 - $1,999,999
33
0
28
0
-15%
0%
70
2
23
-
$2,000,000 - $3,999,999
9
0
12
0
33%
0%
26
0
20
-
$4,000,000 AND UP
4
0
3
0
-25%
0%
14
0
42
-
147
15
137
18
-7%
20%
197
24
13
12
UNDER $250,000
TOTALS
22
SOLD JAN-SEPT 2016
SF
2015
sothebysrealty.com
MLS ID: 21606228
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
$452,331
$240,583
2016
$439,015
$221,855
% CHANGE
-3%
-8%
2015
143
166
2016
141
163
% CHANGE
-1%
-2%
2015
95%
94%
2016
94%
95%
% CHANGE
-1%
1%
and walks on the flats at low tide. UNITS SOLD SOLD JAN-SEPT 2015
SOLD JAN-SEPT 2016
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
3
6
6
8
100%
33%
0
3
0
3
$250,000 - $499,999
71
3
70
3
-1%
0%
37
4
5
12
$500,000 -$ 749,999
22
0
13
0
-41%
0%
22
0
15
-
$750,000 - $999,999
4
0
3
0
-25%
0%
9
0
27
-
$1,000,000 - $1,999,999
2
0
3
0
50%
0%
10
0
30
-
$2,000,000 - $3,999,999
0
0
0
0
0%
0%
2
0
-
-
$4,000,000 AND UP
0
0
0
0
0%
0%
0
0
-
-
102
9
95
11
-7%
22%
80
7
8
6
TOTALS
CAPE COD | THE LOWER CAPE
23
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 00110917 | $2,950,000 LOS ANGELES, CA | Web: 0355714 | $3,275,000 SAN FRANCISCO, CA | Web: 0088173 | $3,200,000 RESORT MARKETS SANTA ROSA, CA | Web: 0244056 | $3,350,000 SANTA FE, NM | Web: 0564837 | $3,400,000 AMAGANSETT, NY | Web: 0038243 | $3,350,000 FOREIGN MARKETS FRANCE | Web: SJ8DBY | Price Upon Request BRAZIL | Web: 76CWX6 | R$ 8.400.000 BRL ISRAEL | Web: QW2598 | 3,660,000 ILS sothebysrealty.com
24
THE OUTER CAPE
MLS ID: 21601734
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 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
TOTAL UNITS SOLD OUTER CAPE
20
40
January - September
60
80
100
120
140
Marketwide, the Cape Cod and Islands Multiple Listing Service reported the following year over year statistics, Q3 2016 versus
2015
2016
UNDER $250,000
39
30
$250,000 - $499,999
107
119
$500,000 -$ 749,999
73
89
$750,000 - $999,999
18
25
$1,000,000 - $1,999,999
14
28
$2,000,000 - $3,999,999
4
5
$4,000,000 AND UP
2
0
Q3 2015: •
The Outer Cape experienced a 15% increase in unit sales year over year.
•
Wellfleet sales of single-family units increased 74% from 38 to 66 while pricing decreased by 23%. Condominiums are up by 40% in average selling price with a 25% reduction in unit sales.
•
Truro performed with a 21% increase in single-family sales and a 53% decrease in sales from 34 to 16 of condominium units.
•
Provincetown saw a 14% increase in the average sales price of single-family homes and a 5% increase in the sales price of condominium units. Unit sales were down 4% for singlefamily homes and condominiums were up 22%.
26
sothebysrealty.com
MLS ID: 21510949
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 2015
SOLD JAN-SEPT 2016
SF
CONDO
2015
$730,938
$183,563
2016
$565,969
$256,417
% CHANGE
-23%
40%
2015
118
91
2016
161
186
% CHANGE
36%
104%
2015
95%
96%
2016
96%
97%
% CHANGE
2%
1%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
3
7
3
4
0%
-43%
0
5
0
11
$250,000 - $499,999
18
1
30
1
67%
0%
16
3
5
27
$500,000 -$ 749,999
12
0
23
1
92%
100%
21
3
8
27
$750,000 - $999,999
0
0
4
0
100%
0%
8
0
18
-
$1,000,000 - $1,999,999
3
0
6
0
100%
0%
8
0
12
-
$2,000,000 - $3,999,999
0
0
0
0
0%
0%
3
0
-
-
$4,000,000 AND UP
2
0
0
0
-100%
0%
0
0
-
-
38
8
66
6
74%
-25%
56
11
8
17
TOTALS
CAPE COD | THE OUTER CAPE
27
MLS ID: 21607204
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 2015
28
SOLD JAN-SEPT 2016
SF
CONDO
2015
$806,072
$295,385
2016
$798,424
$298,594
% CHANGE
-1%
1%
2015
176
153
2016
236
324
% CHANGE
34%
112%
2015
94%
97%
2016
93%
97%
% CHANGE
-1%
0%
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
13
1
7
100%
-46%
0
5
0
6
$250,000 - $499,999
5
21
6
9
20%
-57%
3
23
5
23
$500,000 -$ 749,999
19
0
23
0
21%
0%
18
2
7
-
$750,000 - $999,999
5
0
3
0
-40%
0%
17
0
51
-
$1,000,000 - $1,999,999
3
0
5
0
67%
0%
19
0
34
-
$2,000,000 - $3,999,999
2
0
3
0
50%
0%
5
0
15
-
$4,000,000 AND UP
0
0
0
0
0%
0%
1
0
-
-
TOTALS
34
34
41
16
21%
-53%
63
30
14
17
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
$960,648
$464,069
2016
$1,092,554
$487,289
% CHANGE
14%
5%
2015
203
135
2016
249
152
% CHANGE
23%
13%
2015
92%
96%
2016
93%
95%
% CHANGE
2%
-1%
fishing and whale watching, bike trails and miles of beautiful beaches. UNITS SOLD SOLD JAN-SEPT 2015
SOLD JAN-SEPT 2016
INVENTORY % CHANGE 2015 TO 2016
CURRENT INVENTORY (10-1-16)
# MONTHS OF INVENTORY (10-1-16)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
1
15
0
15
-100%
0%
0
4
-
2
$250,000 - $499,999
5
57
2
71
-60%
25%
1
30
5
4
$500,000 -$ 749,999
7
35
8
34
14%
-3%
3
29
3
8
$750,000 - $999,999
7
6
3
15
-57%
150%
9
16
27
10
$1,000,000 - $1,999,999
5
3
11
6
120%
100%
11
6
9
9
$2,000,000 - $3,999,999
2
0
2
0
0%
0%
6
1
27
-
$4,000,000 AND UP
0
0
0
0
0%
0%
1
0
-
-
TOTALS
27
116
26
141
-4%
22%
31
86
11
5
CAPE COD | THE OUTER CAPE
29
UNPARALLELED SELECTION OF WINES ALL YEAR ROUND. Sotheby’s Wine is more than an auctioneer, we are a global retailer with stores in New York and Hong Kong. Visit us online at sothebyswine.com.
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