Cape Cod Market Update Second Quarter 2015 Sotheby’s International Realty Cape Cod Brokerages Osterville | West Falmouth oldCape Sotheby’s International Realty Brewster | Chatham | Dennis | Harwich Port | Orleans Atlantic Bay Sotheby’s International Realty Provincetown sothebysrealty.com
TABLE OF CONTENTS THE UPPER CAPE
3
THE MID CAPE
11
THE LOWER CAPE
19
THE OUTER CAPE
27
Statistical information contained in this report is from the Cape Cod and Islands MLS, FROM THE COVER: Property Web ID: 0403047
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 Brewster
2404 Main Street | Brewster, MA 02631 508.896.5000 | 800.896.9008
Harwich Port
587 Route 28 | Harwich Port, MA 02646 508.432.6100 | 888.432.9220
Orleans
With waterfront to please all tastes, Cape Cod’s northern shoreline is formed by the tidal waters of Cape Cod Bay; south lies the warm waters of Nantucket Sound; easterly is the raw power of the Atlantic Ocean and across its landscape are over 365 kettle ponds formed by the glaciers thousands of years ago. Cape Cod’s location provides access to many activities both on the water and land, and its temperate climate, thanks to the nearby Gulf
6 Route 6A | Orleans, MA 02653 508.255.6000 | 800.255.0173
Stream, allows enjoyment for many months out of the year. For exam-
North Chatham
Stellwagen Bank National Marine Sanctuary, a renowned location for
210 Orleans Rd | North Chatham, MA 02650 508.945.8800
ple, located just off the shore of Provincetown to the northwest is the whale watching. And, many of the towns’ harbors provide deep-water access to sportfishing and world-class sailing. Additionally, Cape Cod
oldcape.com
has become a premier golf destination, with over 35 public and private
Each Office is Independently Owned and Operated.
golf courses; many designed by today’s biggest golf course architects
Atlantic Bay
including Reese Jones, Geoffrey Cornish, Skip Wogan and Brian Silva.
Provincetown
performing arts.
Let’s not forget the rich arts and cultural heritage on Cape Cod providing activities from orchestras and opera to galleries, museums and
168 Commercial Street | Provincetown, MA 02657 508.487.2430 | atlanticbaysir.com
When describing a location on Cape Cod, locals refer to four distinct re-
Each Office is Independently Owned and Operated.
gions: the Upper Cape is the region located closest to the mainland, the
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.
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: 0840716
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 2015
2015
2014
UNDER $250,000 $250,000 - $499,999 $500,000 -$ 749,999 $750,000 - $999,999 $1,000,000 $1,999,999 $2,000,000 $3,999,999 $4,000,000 AND UP 0
50
100
150
200
250
300
350
400
450
# UNITS SOLD
TOTAL UNITS SOLD UPPER CAPE
2014
2015
UNDER $250,000
143
147
$250,000 - $499,999
360
426
$500,000 -$ 749,999
63
96
$750,000 - $999,999
22
32
price of condominium units. Bourne’s Single Family unit sales
$1,000,000 - $1,999,999
32
19
are up 36% and condominiums are down 12%.
$2,000,000 - $3,999,999
9
7
Falmouth Single Family units are up 12% and condominium sales
$4,000,000 AND UP
3
1
The number of units sold in the Upper Cape has increased by 15% in 2015 as compared to 2014. Bourne has experienced a 30% decrease in the average selling price of a single family unit and a 5% increase in average sale
have decreased by 4%. Falmouth has seen an 8% decrease in the average selling price of a single family home while there has been an increase of 10% in condominiums. Sandwich’s Single Family unit sales have increased by 10% and condominiums have declined by 22%. Sandwich’s average selling price of a single family has increased by 12% while condominiums have increased by 35%. Single Family sales in Mashpee have increased by 11% and condominiums by 40%. There has been a 15% decrease in the average selling price of single family homes and a 2% reduction in condominiums.
4
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WEB: 0840946
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 2014
SOLD JAN-JUN 2015
SF
CONDO
2014
$503,972
$248,765
2015
$352,999
$261,900
% CHANGE
-30%
5%
2014
166
188
2015
139
140
% CHANGE
-16%
-26%
2014
94%
97%
2015
96%
98%
% CHANGE
2%
2%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
18
10
19
9
6%
-10%
14
10
4
7
$250,000 - $499,999
41
7
63
5
54%
-29%
71
8
7
10
$500,000 -$ 749,999
3
0
8
1
167%
100%
29
0
22
0
$750,000 - $999,999
1
0
4
0
300%
0%
17
4
26
-
$1,000,000 - $1,999,999
2
0
0
0
-100%
0%
12
0
-
-
$2,000,000 - $3,999,999
4
0
0
0
-100%
0%
6
0
-
-
$4,000,000 AND UP
0
0
0
0
0%
0%
2
0
-
-
TOTALS
69
17
94
15
36%
-12%
151
22
10
9
CAPE COD | THE UPPER CAPE
5
WEB: 0840899
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 2014
CONDO
$515,759
$355,076
2015
$476,413
$388,846
% CHANGE
-8%
10%
2014
145
210
2015
150
116
% CHANGE
3%
-45%
2014
94%
96%
2015
93%
96%
% CHANGE
-1%
0%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
43
8
45
3
5%
-63%
32
4
4
8
$250,000 - $499,999
116
17
131
17
13%
0%
127
29
6
10
$500,000 -$ 749,999
35
1
51
6
46%
500%
90
17
11
17
$750,000 - $999,999
16
0
10
0
-38%
0%
51
3
31
-
$1,000,000 - $1,999,999
11
1
12
0
9%
-100%
34
1
17
-
$2,000,000 - $3,999,999
3
0
5
0
67%
0%
27
0
32
-
$4,000,000 AND UP
2
0
0
0
-100%
0%
12
0
-
-
226
27
254
26
12%
-4%
373
54
9
12
TOTALS
6
SOLD JAN-JUN 2015
SF
2014
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WEB: 0403232
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 2014
SOLD JAN-JUN 2015
SF
CONDO
2014
$363,468
$162,111
2015
$406,235
$218,857
% CHANGE
12%
35%
2014
141
41
2015
136
174
% CHANGE
-4%
324%
2014
96%
95%
2015
96%
95%
% CHANGE
0%
-1%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
15
9
19
5
27%
-44%
16
6
5
7
$250,000 - $499,999
89
0
92
2
3%
100%
120
4
8
12
$500,000 -$ 749,999
12
0
10
0
-17%
0%
60
0
36
-
$750,000 - $999,999
3
0
8
0
167%
0%
28
0
21
-
$1,000,000 - $1,999,999
0
0
1
0
100%
0%
18
0
108
-
$2,000,000 - $3,999,999
0
0
1
0
100%
0%
2
0
12
-
$4,000,000 AND UP
0
0
0
0
0%
0%
0
0
-
-
119
9
131
7
10%
-22%
244
10
11
9
TOTALS
CAPE COD | THE UPPER CAPE
7
WEB: 0840963
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 2014
CONDO
$614,565
$321,378
2015
$524,088
$315,197
% CHANGE
-15%
-2%
2014
195
152
2015
160
143
% CHANGE
-18%
-6%
2014
93%
97%
2015
94%
97%
% CHANGE
0%
0%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
19
21
14
33
-26%
57%
8
19
3
3
$250,000 - $499,999
50
40
68
48
36%
20%
56
32
5
4
$500,000 -$ 749,999
11
1
14
6
27%
500%
64
13
27
13
$750,000 - $999,999
2
0
9
1
350%
100%
35
4
23
24
$1,000,000 - $1,999,999
17
1
6
0
-65%
-100%
51
0
51
-
$2,000,000 - $3,999,999
2
0
1
0
-50%
0%
18
0
108
-
$4,000,000 AND UP
1
0
1
0
0%
0%
5
0
30
-
102
63
113
88
11%
40%
237
68
13
5
TOTALS
8
SOLD JAN-JUN 2015
SF
2014
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ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 0019842 | $5,500,000 SAN FRANCISCO, CA | Web: 0087388 | $4,995,000 HOUSTON, TX | Web: 1240556 | $5,250,000 RESORT MARKETS PEBBLE BEACH, CA | Web: 0474143 | $5,750,000 BRIDGEHAMPTON, NY | Web: 0037843 | $5,250,000 SANTA BARBARA, CA | Web: 0632345 | $5,000,000 FOREIGN MARKETS FRANCE | Web: LTFSNM | $5,778,077 ISRAEL | Web: 9ZWTEE | $5,726,482 PUERTO RICO | Web: ENWEJT | $4,200,000 sothebysrealty.com
9
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10
THE MID CAPE
WEB: 0403238
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 2015 2015
2014
UNDER $250,000
$250,000 - $499,999
$500,000 -$749,999
$750,000 - $999,999 $1,000,000 $1,999,999 $2,000,000 $3,999,999 $4,000,000 AND UP 0
50
100
150
200
250
300
350
400
450
# UNITS SOLD
TOTAL UNITS SOLD MID CAPE
2014
2015
UNDER $250,000
293
244
$250,000 - $499,999
400
412
$500,000 -$ 749,999
69
73
$750,000 - $999,999
26
24
$1,000,000 - $1,999,999
24
15
single family units have decreased 10%, however condominums
$2,000,000 - $3,999,999
7
11
have increased 13%.
$4,000,000 AND UP
3
3
Yarmouth’s single family units are up 5%, however
The number of units sold in the Mid Cape has decreased by 5% in 2015 as compared to 2014. Barnstable’s average selling price in single family homes has decreased 5%, while the average selling price of condominiums has decreased 22%. Over the same time frame in Barnstable,
condominiums are down 34%. Dennis’ single family units decreased 9% for 2015 vs 2014.
12
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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
2014
$543,346
$258,833
2015
$515,792
$203,013
% CHANGE
-5%
-22%
2014
134
210
2015
137
166
% CHANGE
2%
-21%
2014
93%
95%
2015
93%
96%
% CHANGE
0%
1%
ferry service to Nantucket and Martha’s Vineyard. UNITS SOLD SOLD JAN-JUN 2014
SOLD JAN-JUN 2015
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
75
21
59
31
-21%
48%
35
20
4
4
$250,000 - $499,999
189
16
184
13
-3%
-19%
210
20
7
9
$500,000 -$ 749,999
33
3
30
1
-9%
-67%
83
9
17
54
$750,000 - $999,999
15
0
8
0
-47%
0%
59
1
44
-
$1,000,000 - $1,999,999
18
0
10
0
-44%
0%
78
0
47
-
$2,000,000 - $3,999,999
5
0
9
0
80%
0%
42
0
28
-
$4,000,000 AND UP
3
0
3
0
0%
0%
23
0
46
-
338
40
303
45
-10%
13%
530
50
10
7
TOTALS
CAPE COD | THE MID CAPE
13
WEB: 0402942
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 2014
CONDO
$321,046
$229,752
2015
$346,721
$229,425
% CHANGE
8%
0%
2014
125
137
2015
132
94
% CHANGE
6%
-31%
2014
95%
96%
2015
96%
96%
% CHANGE
0%
0%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
82
42
65
26
-21%
-38%
33
37
3
9
$250,000 - $499,999
94
18
120
14
28%
-22%
152
20
8
9
$500,000 -$ 749,999
15
1
13
0
-13%
-100%
36
1
17
-
$750,000 - $999,999
2
0
6
0
200%
0%
15
0
15
-
$1,000,000 - $1,999,999
4
0
2
0
-50%
0%
13
1
39
-
$2,000,000 - $3,999,999
0
0
1
0
100%
0%
4
0
24
-
$4,000,000 AND UP
0
0
0
0
0%
0%
3
0
-
-
197
61
207
40
5%
-34%
256
59
7
9
TOTALS
14
SOLD JAN-JUN 2015
SF
2014
sothebysrealty.com
WEB: 0403222
DENNIS Another of Cape Cod’s historic treasures, Dennis offers a bit of everything for everyone. Along its north side, Dennis exudes historic charm, from living history museums such as the Josiah Dennis Manse to a landscape that meanders along Route 6A dotted with antique shops, historic homes and B&Bs. Its southern coastline features one of Cape Cod’s most visited sandy shores, West Dennis Beach, punctuated by cottage colonies and salt-air breezes as well as the lovely estates that reside along the fingers of Bass River, with deep water access to Nantucket Sound.
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD SOLD JAN-JUN 2014
SOLD JAN-JUN 2015
SF
CONDO
2014
$388,559
$204,696
2015
$440,864
$220,896
% CHANGE
13%
8%
2014
145
159
2015
143
141
% CHANGE
-1%
-11%
2014
94%
98%
2015
95%
100%
% CHANGE
1%
2%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
45
28
26
37
-42%
32%
25
45
6
7
$250,000 - $499,999
77
6
71
10
-8%
67%
94
13
8
8
$500,000 -$ 749,999
16
1
25
4
56%
300%
47
4
11
6
$750,000 - $999,999
8
1
10
0
25%
-100%
34
0
20
-
$1,000,000 - $1,999,999
2
0
3
0
50%
0%
27
2
54
-
$2,000,000 - $3,999,999
2
0
1
0
-50%
0%
3
0
18
-
$4,000,000 AND UP
0
0
0
0
0%
0%
4
0
-
-
150
36
136
51
-9%
42%
234
64
10
8
TOTALS
CAPE COD | THE MID CAPE
15
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 00110105 | $1,275,000 SAN FRANCISCO, CA | Web: 0087179 | $1,195,000 HOUSTON, TX | Web: 1270368 | $1,150,000 RESORT MARKETS MALIBU, CA | Web: 1290199 | $1,295,000 EAST HAMPTONS, NY | Web: 0046549 | $1,325,000 SANTA BARBARA, CA | Web: 0113909 | $1,795,000 FOREIGN MARKETS MUMBAI | Web: 95M3MN | $1,404,100 SOUTH AFRICA | Web: 6FQHMJ | $1,368,088 COSTA RICA | Web: ZGW4ZW | $1,350,000 sothebysrealty.com
16
THE LOWER CAPE
WEB: 0840952
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 2015 2015
2014
UNDER $250,000
$250,000 - $499,999
$500,000 - $749,999
$750,000 - $999,999
$1,000,000 - $1,999,999
$2,000,000 - $3,999,999
$4,000,000 AND UP
0
50
100
150
200
250
300
# UNITS SOLD
TOTAL UNITS SOLD LOWER CAPE
2014
2015
73
72
$250,000 - $499,999
233
251
$500,000 -$749,999
56
91
to 2014.
$750,000 - $999,999
38
31
Brewster has seen a 1% decrease in single family unit sales year
$1,000,000 - $1,999,999
35
42
over year, and condominiums are up by 9%.
$2,000,000 - $3,999,999
15
11
Unlike Brewsters decline in single family units, Harwich saw
1
0
UNDER $250,000
$4,000,000 AND UP
The five Towns comprising the Lower Cape have experienced an increase in 2015 when compared to 2014. The number of units sold in the Lower Cape are up by about 10% in 2015 as compared
an increase. Harwich performed with a 40% increase in single family sales and condominium units stayed flat at 19. Orleans experienced a 5% increase in average sales price for single family homes, while condomium prices increased 62%. Chatham experienced a decline in unit sales year over year of 7% while Eastham posted an increase of 7%.
18
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WEB: 21505351
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 2014
SOLD JAN-JUN 2015
SF
CONDO
2014
$451,135
$226,447
2015
$500,407
$236,321
% CHANGE
11%
4%
2014
122
118
2015
122
138
% CHANGE
0%
17%
2014
95%
95%
2015
95%
96%
% CHANGE
1%
1%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
4
24
3
27
-25%
13%
2
22
4
5
$250,000 - $499,999
56
7
53
6
-5%
-14%
43
5
5
5
$500,000 -$ 749,999
17
1
16
1
-6%
0%
31
1
12
6
$750,000 - $999,999
2
0
1
1
-50%
100%
17
1
102
6
$1,000,000 - $1,999,999
3
0
7
0
133%
0%
12
1
10
-
$2,000,000 - $3,999,999
0
0
1
0
100%
0%
4
0
24
-
$4,000,000 AND UP
0
0
0
0
0%
0%
0
0
-
-
TOTALS
82
32
81
35
-1%
9%
109
30
8
5
CAPE COD | THE LOWER CAPE
19
WEB: 21506421
HARWICH Famous for its Cranberry Festival, Harwich is located to the south of
AVERAGE SALES PRICE
Brewster and all of its saltwater beaches are located along Nantucket Sound. Harwich is also home to some of the most beautiful harbors on Cape Cod, from Wychmere to Allen to Saquatucket, there are many
AVERAGE DAYS ON MARKET
deep-water ports to provide shelter from a storm in Harwich. There is even a ferry which leaves from Saquatucket Harbor to take visitors to Nantucket.
AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD
20
SOLD JAN-JUN 2014
SOLD JAN-JUN 2015
SF
CONDO
2014
$462,290
$463,213
2015
$459,338
$274,263
% CHANGE
-1%
-41%
2014
115
136
2015
167
225
% CHANGE
45%
65%
2014
95%
94%
2015
95%
93%
% CHANGE
0%
-1%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
11
9
11
13
0%
44%
6
12
3
6
$250,000 - $499,999
65
7
90
3
38%
-57%
82
14
5
28
$500,000 -$ 749,999
7
2
22
3
214%
50%
38
10
10
20
$750,000 - $999,999
6
0
3
0
-50%
0%
25
0
50
-
$1,000,000 - $1,999,999
4
0
4
0
0%
0%
16
0
24
-
$2,000,000 - $3,999,999
1
1
2
0
100%
-100%
3
0
9
-
$4,000,000 AND UP
0
0
0
0
0%
0%
3
0
-
-
TOTALS
94
19
132
19
40%
0%
173
36
8
11
sothebysrealty.com
WEB: 21502697
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-JUN 2014
SOLD JAN-JUN 2015
SF
CONDO
2014
$753,808
$159,222
2015
$793,164
$257,400
% CHANGE
5%
62%
2014
191
108
2015
182
110
% CHANGE
-5%
2%
2014
93%
96%
2015
95%
95%
% CHANGE
2%
-1%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
15
1
8
100%
-47%
1
10
6
8
$250,000 - $499,999
17
1
18
1
6%
0%
24
4
8
24
$500,000 -$ 749,999
6
0
17
1
183%
100%
28
1
10
6
$750,000 - $999,999
12
0
9
0
-25%
0%
20
0
13
-
$1,000,000 - $1,999,999
8
0
9
0
13%
0%
22
0
15
-
$2,000,000 - $3,999,999
1
0
3
0
200%
0%
11
0
22
-
$4,000,000 AND UP
0
0
0
0
0%
0%
5
0
-
-
TOTALS
44
16
57
10
30%
-38%
111
15
12
9
CAPE COD | THE LOWER CAPE
21
WEB: 21408013
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-JUN 2015
CONDO
$958,493
$368,750
2015
$867,720
$354,611
% CHANGE
-9%
-4%
2014
247
149
2015
163
145
% CHANGE
-34%
-3%
2014
92%
96%
2015
95%
94%
% CHANGE
3%
-2%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
2
3
1
3
-50%
0%
2
4
12
8
$250,000 - $499,999
33
2
29
5
-12%
150%
28
12
6
14
$500,000 -$ 749,999
15
3
17
1
13%
-67%
31
10
11
60
$750,000 - $999,999
15
0
15
0
0%
0%
30
5
12
-
$1,000,000 - $1,999,999
18
0
20
0
11%
0%
56
2
17
-
$2,000,000 - $3,999,999
10
0
5
0
-50%
0%
33
0
40
-
1
0
0
0
-100%
0%
11
0
-
-
94
8
87
9
-7%
13%
191
33
13
22
$4,000,000 AND UP TOTALS
22
SOLD JAN-JUN 2014
SF
2014
sothebysrealty.com
WEB: 21407662
EASTHAM Site of the first meeting between the Pilgrims and Nauset Indians at First Encounter Beach in 1620, Eastham also is home to the Salt Pond Visitor Center and gateway to the Cape Cod National Seashore. From the often photographed iconic Nauset Lighthouse with its bold red and white bands to the Colonial Windmill which still sits on the village green and plays host to many arts and craft shows throughout the summer season, Eastham is always ready with picture-perfect locations. Eastham’s Coast Guard Beach is one of the top ten beaches in the world according to Dr. Beach, and its Bay beaches are a favorite of those seeking warmer waters
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
SF
CONDO
2014
$539,437
$288,333
2015
$462,360
$251,050
% CHANGE
-14%
-13%
2014
146
182
2015
162
192
% CHANGE
11%
5%
2014
94%
96%
2015
94%
93%
% CHANGE
0%
-3%
and walks on the flats at low tide. UNITS SOLD SOLD JAN-JUN 2014
SOLD JAN-JUN 2015
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
4
1
2
3
-50%
200%
1
6
3
12
$250,000 - $499,999
43
2
44
2
2%
0%
59
4
8
12
$500,000 -$ 749,999
5
0
13
0
160%
0%
24
0
11
-
$750,000 - $999,999
3
0
2
0
-33%
0%
7
0
21
-
$1,000,000 - $1,999,999
2
0
2
0
0%
0%
10
0
30
-
$2,000,000 - $3,999,999
2
0
0
0
-100%
0%
1
0
-
-
$4,000,000 AND UP
0
0
0
0
0%
0%
0
0
-
-
TOTALS
59
3
63
5
7%
67%
102
10
10
12
CAPE COD | THE LOWER CAPE
23
ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 00110206 | $3,250,000 HOUSTON, TX | Web: 1232987 | $2,999,000 LOS ANGELES, CA | Web: 0286222 | $3,298,000 RESORT MARKETS MALIBU, CA | Web: 0172733 | $3,200,000 EAST HAMPTON, NY | Web: 0046177 | $2,995,000 SANTA BARBARA, CA | Web: 0113898 | $3,195,000 FOREIGN MARKETS GERMANY | Web: S76NQ3 | $3,590,261 ITALY | Web: MEQC8Z | $3,926,848 ISRAEL | Web: 3DWFN3 | $3,904,420 sothebysrealty.com
24
THE OUTER CAPE
WEB: 21500822
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 2015 2015
2014
UNDER $250,000
$250,000 - $499,999
$500,000 - $749,999
$750,000 - $999,999
$1,000,000 - $1,999,999
$2,000,000 - $3,999,999
$4,000,000 AND UP
0
10
20
30
40
50
60
# UNITS SOLD
TOTAL UNITS SOLD OUTER CAPE
2014
2015
UNDER $250,000
16
26
$250,000 - $499,999
57
64
$500,000 -$ 749,999
46
43
$750,000 - $999,999
19
9
$1,000,000 - $1,999,999
9
8
$2,000,000 - $3,999,999
2
3
$4,000,000 AND UP
0
2
The Outer Cape experienced a 4% increase in unit sales year over year. Wellfleet sales of single family units declined 55% while pricing increased by 81%. Condominiums are down by 46% in average selling price with a 0% increase in unit sales. Truro performed with a 5% increase in single family sales and a 213% increase in sales of condominium units. Provincetown saw a 4% decrease in the average sales price of single family homes and a 2% decrease in the sales price of condominium units. Unit sales were up 13% for single family homes and condominiums were also up 14%.
26
sothebysrealty.com
7
WEB: 21506819
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 2014
SOLD JAN-JUN 2015
SF
CONDO
2014
$559,588
$338,893
2015
$1,011,089
$182,643
% CHANGE
81%
-46%
2014
142
232
2015
155
96
% CHANGE
9%
-59%
2014
94%
97%
2015
94%
96%
% CHANGE
0%
-1%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
2
2
2
6
0%
200%
4
4
12
4
$250,000 - $499,999
18
3
6
1
-67%
-67%
19
3
19
18
$500,000 -$ 749,999
13
2
6
0
-54%
-100%
19
0
19
-
$750,000 - $999,999
4
0
0
0
-100%
0%
5
0
-
-
$1,000,000 - $1,999,999
3
0
2
0
-33%
0%
9
0
27
-
$2,000,000 - $3,999,999
0
0
0
0
0%
0%
0
0
-
-
$4,000,000 AND UP
0
0
2
0
100%
0%
1
0
3
-
40
7
18
7
-55%
0%
57
7
19
6
TOTALS
CAPE COD | THE OUTER CAPE
27
WEB: 21408042
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 2014
SOLD JAN-JUN 2015
SF
CONDO
2014
$866,835
$229,500
2015
$885,760
$318,164
% CHANGE
2%
39%
2014
248
227
2015
191
145
% CHANGE
-23%
-36%
2014
93%
91%
2015
93%
97%
% CHANGE
-1%
7%
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
6
0
7
0%
17%
0
15
-
13
$250,000 - $499,999
4
1
3
18
-25%
1700%
6
34
12
11
$500,000 -$ 749,999
6
1
10
0
67%
-100%
24
5
14
-
$750,000 - $999,999
5
0
3
0
-40%
0%
17
0
34
-
$1,000,000 - $1,999,999
3
0
2
0
-33%
0%
22
0
66
-
$2,000,000 - $3,999,999
1
0
2
0
100%
0%
10
0
30
-
$4,000,000 AND UP
0
0
0
0
0%
0%
0
0
-
-
TOTALS
19
8
20
25
5%
213%
79
54
24
13
sothebysrealty.com
WEB: 21505328
PROVINCETOWN Provincetown is the bustling, eclectic community at the very tip of Cape Cod. An arts and cultural hub, the Cape Cod School of Art was founded in 1899 by Charles W. Hawthorne and a vibrant arts community still exists today. Home to 3 lighthouses all located within the Cape Cod National Seashore, Provincetown boasts a rich fishing heritage and beautiful harbor. Its vibrant Commercial Street hosts a wonderful collection of shops, galleries, B&Bs and restaurants. The Pilgrim Monument affords the most spectacular view across all of Cape Cod. An outdoor enthusiast’s dream, Provincetown features many beautiful nature trails, a harbor bustling with
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET AVERAGE SOLD/LIST PRICE DIFFERENCE
SF
CONDO
2014
$903,719
$459,436
2015
$867,139
$452,435
% CHANGE
-4%
-2%
2014
249
183
2015
200
141
% CHANGE
-20%
-23%
2014
93%
96%
2015
91%
96%
% CHANGE
-3%
0%
fishing and whale watching, bike trails and miles of beautiful beaches. UNITS SOLD SOLD JAN-JUN 2014
SOLD JAN-JUN 2015
INVENTORY % CHANGE 2014 TO 2015
CURRENT INVENTORY (7-1-15)
# MONTHS OF INVENTORY (7-1-15)
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
UNDER $250,000
0
6
1
10
100%
67%
0
7
-
4
$250,000 - $499,999
1
30
5
31
400%
3%
1
46
1
9
$500,000 -$ 749,999
5
19
5
22
0%
16%
6
29
7
8
$750,000 - $999,999
7
3
3
3
-57%
0%
5
12
10
24
$1,000,000 - $1,999,999
2
1
3
1
50%
0%
27
5
54
30
$2,000,000 - $3,999,999
1
0
1
0
0%
0%
8
1
48
-
$4,000,000 AND UP
0
0
0
0
0%
0%
1
0
-
-
TOTALS
16
59
18
67
13%
14%
48
100
16
9
CAPE COD | THE OUTER CAPE
29
Howard Hayes owner/ broker
oldCape
Ken Hager brokerage manager
Dolores Alberti
John Allen
Karen Arnold
Susan BakerOutslay
Anthony Bartolini
Andrea Besse
Len Coakley
Debbie Cody
Karin Daffinee
Eric Ehnstrom
Jo-Ellen Erickson
Peggy Farber
Hardman/Liberles
Joseph Hartung
Deidre Hedmark
Dee Higgins
Sarah Laird
Daneen Law
Peter/Elaine Lomenzo
David Marsh
Laurie McCann
Christine McGrath
Dianne Mongeau
Diane Miller
Pam Roberts
Brandy Salvador
Jeff Smith
Eva Scott
Gayle Tambolleo
Robin Thayer
Jim Trainor
Natalia Weiner
Susan Winslow
Lindsey Wright
Carla Hemmings
Mary Jane Ryan
oldCape Sotheby’s International Realty oldCape.com 2404 Main Street | Brewster, 6 Route 6A | Orleans, MA 02653 | 508.255.6000 MA 02631 | 508.896.5000 587 Route 28 | Harwich Port, 210 Orleans Rd | North Chatham | 508.945.8800 MA 02646 | 508.432.6100
Provincetown
Atlantic Bay
Emily Flax
broker/owner
David Nicolau
Sue Buerkel
broker/owner
Each Office is Independently Owned and Operated.
30
atlanticbaysir.com
168 Commercial Street Provincetown, MA 02657 508.487.2430
Mary Cabral
Ruth Gilbert
Reven Oliver
Jack Cotton brokerage manager
Steve Asmond
Hugh Barnes
Jackie Bartolomei
Jane Bodrie
Courtney Bottcher
Bonnie Britt
Karen Burton
Melinda Chapin
Carol Childs
Pam Chmielinski
Donna Christopher
Stephen Cobb
Marc Coriaty
Sally Duffy
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Bob Foley
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Tori Harrison
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Bryan Jesienski
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Diana Lucivero
Jan Macallister
Gene Marchand
Jennifer McCartin
Terri Monroe
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Pamela Mullin
Joanne Murphy
Gene Orloff
Colleen Riley
Peggy Rowland
Donna Sawyer
Jodi Steek
Steven Strojny
Pat Thatcher
Ellen Valentgas
Nicole Vautrain
Beverly Wall-Cedrone
John Weyand
Samuel Wilson
Joan Witter
Lisa Worthen
sothebyshomes.com/capecod
Osterville
851 Main Street, Osterville, MA 02655 508.428.9115 | 800.851.9115 Operated by Sotheby’s International Realty, Inc.
West Falmouth
550 West Falmouth Hwy West Falmouth, MA 02574 508.548.2522 | 866.508.2522 31
AN EXQUISITE DIAMOND DESERVES AN EXCLUSIVE SETTING.
Collection available for purchase at Sotheby’s Diamonds salons and exclusive exhibitions worldwide. New York +1 212 894 1400 | London +44 20 7293 6430 | Hong Kong +852 2822 8113 | sothebysdiamonds.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015