Cape Cod Market Report | 2Q 2015

Cape Cod Market UpdateSecond Quarter 2015Sotheby’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

http://www.sothebysrealty.com

2 sothebysrealty.com

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

sothebyshomes.com

Operated by Sotheby’s International Realty, Inc.

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 6 Route 6A | Orleans, MA 02653 508.255.6000 | 800.255.0173

North Chatham 210 Orleans Rd | North Chatham, MA 02650 508.945.8800

oldcape.com

Each Office is Independently Owned and Operated.

Provincetown 168 Commercial Street | Provincetown, MA 02657 508.487.2430 | atlanticbaysir.com


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, beach-

es and marshland settings of breath-taking natural beauty. Cape

Cod incorporates all of Barnstable County, which comprises 15 towns:

Bourne, Sandwich, Falmouth, Mashpee, Barnstable, Yarmouth, Dennis,

Harwich, Brewster, Chatham, Orleans, Eastham, Wellfleet, Truro, and

Provincetown.

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

Stream, allows enjoyment for many months out of the year. For exam-

ple, located just off the shore of Provincetown to the northwest is the

Stellwagen Bank National Marine Sanctuary, a renowned location for

whale watching. And, many of the towns’ harbors provide deep-water

access to sportfishing and world-class sailing. Additionally, Cape Cod

has become a premier golf destination, with over 35 public and private

golf courses; many designed by today’s biggest golf course architects

including Reese Jones, Geoffrey Cornish, Skip Wogan and Brian Silva.

Let’s not forget the rich arts and cultural heritage on Cape Cod provid-

ing activities from orchestras and opera to galleries, museums and

performing arts.

When describing a location on Cape Cod, locals refer to four distinct re-

gions: the Upper Cape is the region located closest to the mainland, the

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.

oldCape

AtlanticBay

TABLE OF CONTENTSTHE UPPER CAPE 3

THE MID CAPE 11

THE LOWER CAPE 19

THE OUTER CAPE 27

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permis-sion. 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.



http://www.sothebyshomes.com/capecod/sales/0403047

http://www.sothebyshomes.com


http://www.oldcape.com

http://www.atlanticbaysir.com



CAPE COD | THE UPPER CAPE 3

WEB: 0840716

THE UPPER CAPE

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.




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

$1,000,000 - $1,999,999 32 19

$2,000,000 - $3,999,999 9 7

$4,000,000 AND UP 3 1

UPPER CAPE SALES JANUARY - JUNE 2015

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

price of condominium units. Bourne’s Single Family unit sales

are up 36% and condominiums are down 12%.

Falmouth Single Family units are up 12% and condominium sales

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.

0 50 100 150 200 250 300 350 400 450

$4,000,000 AND UP

$2,000,000 -$3,999,999

$1,000,000 -$1,999,999

$750,000 - $999,999

$500,000 -$ 749,999

$250,000 - $499,999

UNDER $250,000

# UNITS SOLD

2015 2014




WEB: 0840946

UNITS SOLD INVENTORYSOLD

JAN-JUN 2014SOLD

JAN-JUN 2015% CHANGE

2014 TO 2015CURRENT 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

SF CONDO

AVERAGE SALES PRICE

2014 $503,972 $248,765

2015 $352,999 $261,900

% CHANGE -30% 5%

AVERAGE DAYS ON MARKET

2014 166 188

2015 139 140

% CHANGE -16% -26%

AVERAGE SOLD/LIST PRICE DIFFERENCE

2014 94% 97%

2015 96% 98%

% CHANGE 2% 2%

BOURNEHome to the first trading center in America, the Aptucxet Trading Post,

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.



WEB: 0840899


JAN-JUN 2014SOLD



(7-1-15)# MONTHS OF

INVENTORY (7-1-15)


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 - -

TOTALS 226 27 254 26 12% -4% 373 54 9 12

SF CONDO

AVERAGE SALES PRICE

2014 $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%

FALMOUTHFalmouth, 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.





WEB: 0403232


JAN-JUN 2014SOLD



(7-1-15)# MONTHS OF

INVENTORY (7-1-15)


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 - -

TOTALS 119 9 131 7 10% -22% 244 10 11 9

SF CONDO

AVERAGE SALES PRICE

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%

SANDWICHThe 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

outdoor enthusiast, Sandwich is home to beautiful nature trails and

north-side beaches, great for long strolls.



WEB: 0840963


JAN-JUN 2014SOLD



(7-1-15)# MONTHS OF

INVENTORY (7-1-15)


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 -

TOTALS 102 63 113 88 11% 40% 237 68 13 5

SF CONDO

AVERAGE SALES PRICE

2014 $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%

MASHPEEThe town of Mashpee maintains a strong connection to its Native Ameri-

can 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

Mashpee today. In addition to Wampanoag culture and history, Mash-

pee is know for its shopping, restaurants, golfing and the New Seabury

Resort. Mashpee includes the villages of New Seabury and Popponesset.




9

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

ON THE MARKET

http://www.sothebyshomes.com/Monterey-Real-Estate/sales/0474143

http://www.sothebyshomes.com/hamptons/sales/0037843

http://www.sothebyshomes.com/San-Francisco-Real-Estate/sales/0087388

http://www.sothebysrealty.com/eng/sales/detail/180-l-2519-enwejt/impressive-oceanfront-estate-aguadilla-pr-00603

http://www.sothebyshomes.com/Santa-Barbara-Real-Estate/sales/0632345

http://www.sothebysrealty.com/eng/sales/detail/180-l-500-ltfsnm/domaine-de-la-tour-other-rhone-alpes-rh-74940

http://www.sothebysrealty.com/eng/sales/detail/180-l-2513-9zwtee/luxury-sea-view-penthouse-in-project-yam-netanya-netanya-il-426950

http://www.sothebyshomes.com/nyc/sales/0019842

http://www.sothebyshomes.com/houston/sales/1240556

10

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CAPE COD | THE MID CAPE 11

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.




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

$2,000,000 - $3,999,999 7 11

$4,000,000 AND UP 3 3

MID CAPE SALES JANUARY - JUNE 2015

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,

single family units have decreased 10%, however condominums

have increased 13%.

Yarmouth’s single family units are up 5%, however

condominiums are down 34%.

Dennis’ single family units decreased 9% for 2015 vs 2014.

0 50 100 150 200 250 300 350 400 450

$4,000,000 AND UP

$2,000,000 -$3,999,999

$1,000,000 -$1,999,999

$750,000 - $999,999

$500,000 -$749,999

$250,000 - $499,999

UNDER $250,000

# UNITS SOLD

2015 2014




WEB: 0403099


JAN-JUN 2014SOLD



(7-1-15)# MONTHS OF

INVENTORY (7-1-15)


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 -

TOTALS 338 40 303 45 -10% 13% 530 50 10 7

SF CONDO

AVERAGE SALES PRICE

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%

BARNSTABLEThe 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 commer-

cial 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

ferry service to Nantucket and Martha’s Vineyard.



WEB: 0402942


JAN-JUN 2014SOLD



(7-1-15)# MONTHS OF

INVENTORY (7-1-15)


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 - -

TOTALS 197 61 207 40 5% -34% 256 59 7 9

SF CONDO

AVERAGE SALES PRICE

2014 $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%

YARMOUTHYarmouth 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.





WEB: 0403222


JAN-JUN 2014SOLD



(7-1-15)# MONTHS OF

INVENTORY (7-1-15)


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 - -

TOTALS 150 36 136 51 -9% 42% 234 64 10 8

SF CONDO

AVERAGE SALES PRICE

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%

DENNISAnother 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.


16

ON THE MARKET



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


FOREIGN MARKETS

MUMBAI | Web: 95M3MN | $1,404,100

SOUTH AFRICA | Web: 6FQHMJ | $1,368,088

COSTA RICA | Web: ZGW4ZW | $1,350,000

sothebysrealty.com

http://www.sothebyshomes.com/Los-Angeles-Real-Estate/sales/1290199


http://www.sothebyshomes.com/San-Francisco-Real-Estate/sales/0087179

http://www.sothebysrealty.com/eng/sales/detail/180-l-955-zgw4zw/art-deco-renovated-residence-with-mountain-views-montes-de-oca-sa

http://www.sothebyshomes.com/Santa-Barbara-Real-Estate/sales/0113909

http://www.sothebysrealty.com/eng/sales/detail/180-l-3892-95m3mn/the-palms-at-alibagh-mumbai-mh-402209

http://www.sothebysrealty.com/eng/sales/detail/180-l-642-6fqhmj/pamin-road-bedfordview-johannesburg-ga-2007



CAPE COD | THE LOWER CAPE 17

THE LOWER CAPE

BREWSTER, HARWICH, CHATHAM, ORLEANS, EASTHAM

Quaint and quiet, the lower Cape is made up by the

towns of Brewster, Harwich, Chatham, Orleans and

Eastham. The Lower Cape also holds the distinc-

tion 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.

WEB: 0840952



LOWER CAPE SALES JANUARY - JUNE 2015

TOTAL UNITS SOLD LOWER CAPE 2014 2015

UNDER $250,000 73 72

$250,000 - $499,999 233 251

$500,000 -$749,999 56 91

$750,000 - $999,999 38 31

$1,000,000 - $1,999,999 35 42

$2,000,000 - $3,999,999 15 11

$4,000,000 AND UP 1 0

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

to 2014.

Brewster has seen a 1% decrease in single family unit sales year

over year, and condominiums are up by 9%.

Unlike Brewsters decline in single family units, Harwich saw

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%.

0 50 100 150 200 250 300

$4,000,000 AND UP

$2,000,000 - $3,999,999

$1,000,000 - $1,999,999

$750,000 - $999,999

$500,000 - $749,999

$250,000 - $499,999

UNDER $250,000

# UNITS SOLD

2015 2014




WEB: 21505351


JAN-JUN 2014SOLD



(7-1-15)# MONTHS OF

INVENTORY (7-1-15)


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

SF CONDO

AVERAGE SALES PRICE

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%

BREWSTERKnown 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, pro-

viding miles of nature trails for the outdoor enthusiast.

http://www.oldcape.com/real-estate/56-katherines-lane-brewster-ma-02631/21505351/24908121


WEB: 21506421


JAN-JUN 2014SOLD



(7-1-15)# MONTHS OF

INVENTORY (7-1-15)


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

SF CONDO

AVERAGE SALES PRICE

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%

HARWICHFamous for its Cranberry Festival, Harwich is located to the south of

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

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.



http://www.oldcape.com/real-estate/580-route-28-harwich-ma-02646/21506421/25271583


WEB: 21502697


JAN-JUN 2014SOLD



(7-1-15)# MONTHS OF

INVENTORY (7-1-15)


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

SF CONDO

AVERAGE SALES PRICE

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%

ORLEANSOrleans is the hub of the Lower Cape, with a large downtown which hosts

many fine restaurants, shops and services. From picturesque Rock Har-

bor 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 El-

dredge 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.

http://www.oldcape.com/real-estate/17-little-bay-road-orleans-ma-02653/21502697/24154237


WEB: 21408013


JAN-JUN 2014SOLD



(7-1-15)# MONTHS OF

INVENTORY (7-1-15)


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 -

$4,000,000 AND UP 1 0 0 0 -100% 0% 11 0 - -

TOTALS 94 8 87 9 -7% 13% 191 33 13 22

SF CONDO

AVERAGE SALES PRICE

2014 $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%

CHATHAMThe National Trust for Historic Preservation chose Chatham as a Distinc-

tive 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

vantage point to enjoy Chatham’s festive small-town parades on

Independence Day and New Year’s Eve.



http://www.oldcape.com/real-estate/80-quasson-road-chatham-ma-02633/21408013/21533461


WEB: 21407662


JAN-JUN 2014SOLD



(7-1-15)# MONTHS OF

INVENTORY (7-1-15)


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

SF CONDO

AVERAGE SALES PRICE

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%

EASTHAMSite of the first meeting between the Pilgrims and Nauset Indians at First

Encounter Beach in 1620, Eastham also is home to the Salt Pond Visi-

tor 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

and walks on the flats at low tide.

http://www.oldcape.com/real-estate/44-dory-ln-6-eastham-ma-02642/21407662/21410825

24



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


FOREIGN MARKETS

GERMANY | Web: S76NQ3 | $3,590,261

ITALY | Web: MEQC8Z | $3,926,848

ISRAEL | Web: 3DWFN3 | $3,904,420

sothebysrealty.com

ON THE MARKET

http://atlanticbaysir.com/listing/21500822/2-harbour-provincetown02657/

http://www.sothebysrealty.com/eng/sales/detail/180-l-2513-3dwfn3/mediterranean-caesarea-villa-caesarea-il-3088900




http://www.sothebysrealty.com/eng/sales/detail/180-l-4133-meqc8z/villa-pied-dans-leau-in-amalfi-coast-amalfi-sa-84100

http://www.sothebyshomes.com/Santa-Fe-Real-Estate/sales/0113898

http://www.sothebysrealty.com/eng/sales/detail/180-l-3597-s76nq3/sophisticated-villa-on-the-outskirts-of-berlin-berlin-be-13465



CAPE COD | THE OUTER CAPE 25

WEB: 21500822

THE OUTER CAPE

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.

http://atlanticbaysir.com/listing/21500822/2-harbour-provincetown02657/


OUTER CAPE SALES JANUARY - JUNE 2015

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%.

0 10 20 30 40 50 60 70

$4,000,000 AND UP

$2,000,000 - $3,999,999

$1,000,000 - $1,999,999

$750,000 - $999,999

$500,000 - $749,999

$250,000 - $499,999

UNDER $250,000

# UNITS SOLD

2015 2014




WEB: 21506819


JAN-JUN 2014SOLD



(7-1-15)# MONTHS OF

INVENTORY (7-1-15)


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 -

TOTALS 40 7 18 7 -55% 0% 57 7 19 6

SF CONDO

AVERAGE SALES PRICE

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%

WELLFLEETThe 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 mes-

sage 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-

rants and galleries, ripe for exploring.

http://www.oldcape.com/real-estate/5-commercial-street-wellfleet-ma-02667/21506819/25409008


WEB: 21408042


JAN-JUN 2014SOLD



(7-1-15)# MONTHS OF

INVENTORY (7-1-15)


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

SF CONDO

AVERAGE SALES PRICE

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%

TRUROTruro is the smallest and least populated town on Cape Cod. Home to

dramatic sandy cliffs from Atlantic to Bay, Truro is unsurpassed in its nat-

ural 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.



http://atlanticbaysir.com/listing/21408042/5-ryans-truro02666/


WEB: 21505328


JAN-JUN 2014SOLD



(7-1-15)# MONTHS OF

INVENTORY (7-1-15)


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

SF CONDO

AVERAGE SALES PRICE

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%

PROVINCETOWNProvincetown 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 har-

bor. 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

fishing and whale watching, bike trails and miles of beautiful beaches.

http://atlanticbaysir.com/listing/21505328/657-commercial-provincetown02657/

Ken Hagerbrokerage manager

Howard Hayesowner/broker

Reven OliverRuth GilbertMary Cabral Sue BuerkelDavid Nicolaubroker/owner

Emily Flaxbroker/owner

30

oldCape Sotheby’s International Realty oldCape.com

2404 Main Street | Brewster, MA 02631 | 508.896.5000

587 Route 28 | Harwich Port, MA 02646 | 508.432.6100

6 Route 6A | Orleans, MA 02653 | 508.255.6000

210 Orleans Rd | North Chatham | 508.945.8800


oldCape

Eric EhnstromKarin Daffinee

Diane MillerDianne Mongeau

Pam Roberts

Christine McGrathLaurie McCannDavid MarshPeter/Elaine Lomenzo

Jeff SmithBrandy Salvador

Deidre Hedmark Dee Higgins

Len Coakley Debbie Cody

Joseph Hartung

Andrea Besse

Hardman/Liberles

Anthony Bartolini

Peggy Farber

Susan Baker-Outslay

Jo-Ellen Erickson

Karen Arnold

Robin Thayer Eva Scott

Daneen LawSarah Laird

John AllenDolores Alberti

Gayle Tambolleo

AtlanticBay atlanticbaysir.com

Provincetown 168 Commercial Street

Provincetown, MA 02657

508.487.2430

Susan Winslow Lindsey Wright Carla Hemmings Mary Jane Ryan

Jim Trainor Natalia Weiner

http://www.oldcape.com



31

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

sothebyshomes.com/capecod

Jack Cotton

brokerage manager

John Weyand Samuel WilsonBeverly Wall-CedroneNicole VautrainEllen ValentgasPat Thatcher

Sally DuffyMarc Coriaty

Gene Marchand Jennifer McCartinJan MacallisterDiana LuciveroJack LargayNancy Komenda

Oliver MuldoonTerri Monroe

Susan Gill Tori Harrison

Donna Christopher Stephen Cobb

Margaret Gifford

Pam Chmielinski

Gail Germain Martis

Carol Childs

Bob Foley

Melinda Chapin

Cynthia Eisen

Karen BurtonBonnie BrittCourtney Bottcher

Jane BodrieJackie BartolomeiHugh BarnesSteve Asmond

Steven Strojny

Lisa Worthen

Jodi Steek

Peggy Rowland Donna SawyerColleen RileyGene OrloffJoanne MurphyPamela Mullin

Bryan JesienskiAnnie Hart Cool

Joan Witter

http://www.sothebyshomes.com/capecod

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.comSOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015

http://sothebysdiamonds.com/

Cape Cod Market Report | 2Q 2015

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Transcript of Cape Cod Market Report | 2Q 2015