Cape Cod Market Update | Q3 2015

Cape Cod Market UpdateThird 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

WEB: 0841002

http://www.sothebysrealty.com

http://www.sothebyshomes.com/capecod/sales/0841002


2 sothebysrealty.com

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

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Operated by Sotheby’s International Realty, Inc.

2404 Main Street | Brewster, MA 02631 | 508.896.5000

623 Route 6A | Dennis, MA 02638 508-385-4944

587 Route 28 | Harwich Port, MA 02646 508.432.6100

6 Route 6A | Orleans, MA 02653 508.255.6000

1455 Main St | Chatham, MA 02633 508.945.9100

210 Orleans Rd | North Chatham 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.



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CAPE COD | THE UPPER CAPE 3

WEB: 0840809

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 $250,000 229 252

$250,000 - $499,999 634 698

$500,000 -$ 749,999 126 154

$750,000 - $999,999 41 59

$1,000,000 - $1,999,999 46 35

$2,000,000 - $3,999,999 19 10

$4,000,000 AND UP 3 2

UPPER CAPE SALES JANUARY - SEPTEMBER 2015

The number of units sold on the Upper Cape has increased by

10% in 2015 as compared to 2014.

Bourne has experienced a 21% decrease in the average selling

price of a single family unit and a 9% decrease in condominium

average sale price. Bourne’s Single Family unit sales are up 39%

and condominiums stayed flat.

Falmouth Single Family units are up 4% and condominium sales

have also increased by 4%. Falmouth has seen an 8% decrease

in the average selling price of a single family home while there

has been a reduction of 2% in condominiums.

Sandwich’s Single Family unit sales have increased by 11% and

condominiums have declined by 39%. Sandwich’s average selling

price of a single family has increased by 8% while condominiums

have increased by 13%.

Single Family sales in Mashpee have increased by 5% and

condominiums by 18%. There has been a 10% decrease in the

average selling price of single family homes and a 2% reduction

in condominiums.

0 100 200 300 400 500 600 700 800

$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: 0840905

UNITS SOLD INVENTORYSOLD

JAN-SEPT 2014SOLD

JAN-SEPT 2015% CHANGE

2014 TO 2015CURRENT INVENTORY

(10-1-15)# MONTHS OF

INVENTORY (10-1-15)

SF CONDO SF CONDO SF CONDO SF CONDO SF CONDO

UNDER $250,000 31 14 39 18 26% 29% 14 11 3 6

$250,000 - $499,999 68 14 108 9 59% -36% 70 8 6 8

$500,000 -$ 749,999 12 0 13 1 8% 100% 32 0 22 -

$750,000 - $999,999 1 0 6 0 500% 0% 13 6 20 -

$1,000,000 - $1,999,999 4 0 1 0 -75% 0% 14 0 126 -

$2,000,000 - $3,999,999 5 0 1 0 -80% 0% 8 0 72 -

$4,000,000 AND UP 0 0 0 0 0% 0% 2 0 - -

TOTALS 121 28 168 28 39% 0% 153 25 8 8

SF CONDO

AVERAGE SALES PRICE

2014 $462,742 $279,229

2015 $364,674 $254,348

% CHANGE -21% -9%

AVERAGE DAYS ON MARKET

2014 158 139

2015 118 111

% CHANGE -25% -20%

AVERAGE SOLD/LIST PRICE DIFFERENCE

2014 94% 96%

2015 95% 98%

% CHANGE 1% 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: 0403148


JAN-SEPT 2014SOLD




INVENTORY (10-1-15)


UNDER $250,000 68 11 75 11 10% 0% 31 3 4 2

$250,000 - $499,999 205 26 204 25 0% -4% 131 21 6 8

$500,000 -$ 749,999 66 8 79 11 20% 38% 84 12 10 10

$750,000 - $999,999 27 0 25 1 -7% 100% 46 3 17 27

$1,000,000 - $1,999,999 15 1 19 0 27% -100% 35 1 17 -

$2,000,000 - $3,999,999 10 0 6 0 -40% 0% 27 0 41 -

$4,000,000 AND UP 2 0 1 0 -50% 0% 11 0 99 -

TOTALS 393 46 409 48 4% 4% 365 40 8 8

SF CONDO

AVERAGE SALES PRICE

2014 $527,418 $386,523

2015 $485,965 $377,760

% CHANGE -8% -2%


2014 137 195

2015 147 106

% CHANGE 7% -46%


2014 94% 96%

2015 94% 96%

% CHANGE 0% 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: 0402852


JAN-SEPT 2014SOLD




INVENTORY (10-1-15)


UNDER $250,000 25 17 29 9 16% -47% 8 8 2 8

$250,000 - $499,999 150 1 159 2 6% 100% 140 5 8 23

$500,000 -$ 749,999 19 0 20 0 5% 0% 72 0 32 -

$750,000 - $999,999 5 0 13 0 160% 0% 21 0 15 -

$1,000,000 - $1,999,999 2 0 2 0 0% 0% 14 0 63 -

$2,000,000 - $3,999,999 0 0 1 0 100% 0% 3 0 27 -

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

TOTALS 201 18 224 11 11% -39% 259 13 10 11

SF CONDO

AVERAGE SALES PRICE

2014 $372,247 $189,194

2015 $403,368 $214,636

% CHANGE 8% 13%


2014 139 93

2015 124 141

% CHANGE -11% 52%


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: 0840999


JAN-SEPT 2014SOLD




INVENTORY (10-1-15)


UNDER $250,000 32 31 21 50 -34% 61% 17 16 7 3

$250,000 - $499,999 80 90 107 84 34% -7% 70 34 6 4

$500,000 -$ 749,999 20 1 20 10 0% 900% 59 15 27 14

$750,000 - $999,999 8 0 13 1 63% 100% 34 5 24 45

$1,000,000 - $1,999,999 23 1 13 0 -43% -100% 54 2 37 -

$2,000,000 - $3,999,999 4 0 2 0 -50% 0% 17 0 77 -

$4,000,000 AND UP 1 0 1 0 0% 0% 5 0 45 -

TOTALS 168 123 177 145 5% 18% 256 72 13 4

SF CONDO

AVERAGE SALES PRICE

2014 $581,554 $327,353

2015 $524,224 $321,543

% CHANGE -10% -2%


2014 178 128

2015 149 143

% CHANGE -16% 12%


2014 94% 97%

2015 94% 98%

% 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

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS

NEW YORK, NY | Web: 00110341 | $1,700,000

SAN FRANCISCO, CA | Web: 0087579 | $1,525,000

HOUSTON, TX | Web: 1233394 | $1,595,000

RESORT MARKETS

PALM BEACH, FL | Web: 0076755 | $1,700,000

CAPE COD, MA | Web: 0403249 | $1,695,000

SANTA BARBARA, CA | Web: 0113946 | $1,800,000

FOREIGN MARKETS

COSTA RICA | Web: S349HB | $1,350,000

ITALY | Web: JM3MBW | $1,792,115

GREECE | Web: DNJSXS | $1,792,115

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http://www.sothebyshomes.com/sales/0076755



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http://www.sothebysrealty.com/eng/sales/detail/180-l-955-s349hb/open-space-modern-home-escazu-sa

http://www.sothebysrealty.com/eng/sales/detail/180-l-2945-jm3mbw/timeless-property-with-view-bagni-di-lucca-lu-55011



10

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CAPE COD | THE MID CAPE 11

THE MID CAPE

WEB: 0403097

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 $250,000 461 396

$250,000 - $499,999 660 685

$500,000 -$ 749,999 122 128

$750,000 - $999,999 42 45

$1,000,000 - $1,999,999 33 37

$2,000,000 - $3,999,999 12 13

$4,000,000 AND UP 5 6

MID CAPE SALES JANUARY - SEPTEMBER 2015

The number of units sold on the Mid Cape has decreased by 2%

in 2015 as compared to 2014.

Barnstable’s average selling price in single family homes has

increased 1%, while the average selling price of condominiums

has decreased 15%.

Over the same time frame in Barnstable, single family unit sales

are down. 5% while condominum units are down 10%.

Yarmouth single family units are up 8%, however condominiums

are down 12%.

Dennis single family units decreased 5% for 2015 vs 2014.

0 100 200 300 400 500 600 700 800

$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: 0403247


JAN-SEPT 2014SOLD




INVENTORY (10-1-15)


UNDER $250,000 111 39 93 42 -16% 8% 48 17 5 4

$250,000 - $499,999 316 26 305 19 -3% -27% 231 16 7 8

$500,000 -$ 749,999 51 4 55 1 8% -75% 83 10 14 90

$750,000 - $999,999 25 0 19 0 -24% 0% 52 2 25 -

$1,000,000 - $1,999,999 26 0 27 0 4% 0% 73 1 24 -

$2,000,000 - $3,999,999 9 0 11 0 22% 0% 40 0 33 -

$4,000,000 AND UP 4 0 6 0 50% 0% 24 0 36 -

TOTALS 542 69 516 62 -5% -10% 551 46 10 7

SF CONDO

AVERAGE SALES PRICE

2014 $523,331 $239,926

2015 $530,754 $203,400

% CHANGE 1% -15%


2014 124 181

2015 128 194

% CHANGE 3% 7%


2014 94% 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: 0403272


JAN-SEPT 2014SOLD




INVENTORY (10-1-15)


UNDER $250,000 130 63 105 55 -19% -13% 35 45 3 7

$250,000 - $499,999 156 28 196 29 26% 4% 166 12 8 4

$500,000 -$ 749,999 24 4 25 0 4% -100% 35 1 13 -

$750,000 - $999,999 4 0 11 0 175% 0% 14 1 11 -

$1,000,000 - $1,999,999 4 0 4 0 0% 0% 14 1 32 -

$2,000,000 - $3,999,999 0 0 1 0 100% 0% 6 0 54 -

$4,000,000 AND UP 0 0 0 0 0% 0% 4 0 - -

TOTALS 318 95 342 84 8% -12% 274 60 7 6

SF CONDO

AVERAGE SALES PRICE

2014 $316,537 $240,628

2015 $349,336 $232,851

% CHANGE 10% -3%


2014 126 165

2015 121 89

% CHANGE -4% -46%


2014 95% 96%

2015 96% 97%

% CHANGE 0% 1%

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-SEPT 2014SOLD




INVENTORY (10-1-15)


UNDER $250,000 72 46 47 54 -35% 17% 24 50 5 8

$250,000 - $499,999 126 8 123 13 -2% 63% 95 8 7 6

$500,000 -$ 749,999 30 9 42 5 40% -44% 32 1 7 2

$750,000 - $999,999 11 2 15 0 36% -100% 29 1 17 -

$1,000,000 - $1,999,999 3 0 6 0 100% 0% 21 1 32 -

$2,000,000 - $3,999,999 3 0 1 0 -67% 0% 6 0 54 -

$4,000,000 AND UP 1 0 0 0 -100% 0% 2 0 - -

TOTALS 246 65 234 72 -5% 11% 209 61 8 8

SF CONDO

AVERAGE SALES PRICE

2014 $400,496 $261,553

2015 $422,254 $216,575

% CHANGE 5% -17%


2014 141 149

2015 128 138

% CHANGE -9% -7%


2014 94% 100%

2015 95% 99%

% CHANGE 2% -1%

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

AUCTION CALENDAR OCTOBER | NOVEMBER 2015

American Paintings, Drawings and Sculpture New York 02 Oct

Modern and Contemporary Asian Art Evening Sale Hong Kong 04 Oct

Photographs New York 07 Oct

RM Sotheby’s: Hershey Hershey 08 – 09 Oct

Property from a Distinguished Private Asian Collection New York 15 Oct

Château Margaux 1900–2010 Direct From The Cellars: A Celebration of the Mentzelopoulos Era New York 17 Oct

Collections: European Decorative Arts New York 17 Oct

The Creative Genius of Sam Simon: A Lifetime of Memorabilia New York 22 Oct

Impressionist & Modern Art Evening Sale New York 05 Nov

Contemporary Art Evening Auction New York 11 Nov

Finest and Rarest Wines New York 14 Nov

American Art New York 18 Nov

Latin America: Modern Art Latin America: Contemporary Art New York 19 – 20 Nov

Prints & Multiples New York 23 – 24 Nov

We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015

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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: 21508521

http://www.sothebysrealty.com/eng/sales/detail/180-l-821-eh92sx/the-complete-package-orleans-ma-02653

http://www.sothebysrealty.com/eng/sales/detail/180-l-821-eh92sx/the-complete-package-orleans-ma-02653


LOWER CAPE SALES JANUARY - SEPTEMBER 2015

TOTAL UNITS SOLD LOWER CAPE 2014 2015

UNDER $250,000 113 115

$250,000 - $499,999 359 399

$500,000 -$749,999 109 158

$750,000 - $999,999 65 55

$1,000,000 - $1,999,999 53 66

$2,000,000 - $3,999,999 24 18

$4,000,000 AND UP 2 4

The five towns comprising the Lower Cape have experienced

an increase in 2015 when compared to 2014. The number of

units sold on the Lower Cape are up by about 12% in 2015 as

compared to 2014.

Brewster has seen a 6% increase in single family unit sales year

over year, and condominiums are up by 13%.

Harwich single family units, like Brewster, saw an increase

compared to last year. Harwich performed with a 36% increase

in single family sales and a 13% increase in sales of condominium

units.

Orleans experienced a 6% increase in average sales price for

single family homes, while condomium prices increased 42%.

Chatham experienced a decline in unit sales year over year of 3%

while Eastham posted an increase of 16%.

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: 21507776


JAN-SEPT 2014SOLD




INVENTORY (10-1-15)


UNDER $250,000 5 36 4 45 -20% 25% 0 17 0 3

$250,000 - $499,999 80 13 78 11 -3% -15% 43 12 5 10

$500,000 -$ 749,999 23 3 29 3 26% 0% 34 1 11 3

$750,000 - $999,999 5 0 2 1 -60% 100% 22 2 99 18

$1,000,000 - $1,999,999 5 1 11 0 120% -100% 9 3 7 -

$2,000,000 - $3,999,999 0 0 1 0 100% 0% 5 0 45 -

$4,000,000 AND UP 0 0 0 0 0% 0% 0 0 - -

TOTALS 118 53 125 60 6% 13% 113 35 8 5

SF CONDO

AVERAGE SALES PRICE

2014 $460,438 $232,078

2015 $518,916 $244,127

% CHANGE 13% 5%


2014 111 111

2015 114 116

% CHANGE 3% 5%


2014 95% 95%

2015 95% 97%

% CHANGE 0% 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.sothebysrealty.com/eng/sales/detail/180-l-602-3pyeyt/heavenly-seaside-living-brewster-ma-02631

http://www.sothebysrealty.com/eng/sales/detail/180-l-602-3pyeyt/heavenly-seaside-living-brewster-ma-02631


WEB: 21506477


JAN-SEPT 2014SOLD




INVENTORY (10-1-15)


UNDER $250,000 18 20 16 24 -11% 20% 5 6 3 2

$250,000 - $499,999 107 7 148 6 38% -14% 84 11 5 17

$500,000 -$ 749,999 17 2 35 5 106% 150% 38 9 10 16

$750,000 - $999,999 11 1 9 0 -18% -100% 24 0 24 -

$1,000,000 - $1,999,999 6 0 8 0 33% 0% 12 0 14 -

$2,000,000 - $3,999,999 2 1 3 0 50% -100% 6 0 18 -

$4,000,000 AND UP 0 0 0 0 0% 0% 2 0 - -

TOTALS 161 31 219 35 36% 13% 171 26 7 7

SF CONDO

AVERAGE SALES PRICE

2014 $464,262 $367,679

2015 $474,324 $265,511

% CHANGE 2% -28%


2014 115 149

2015 150 201

% CHANGE 30% 35%


2014 94% 94%

2015 95% 95%

% CHANGE 1% 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.



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http://www.sothebysrealty.com/eng/sales/detail/180-l-1295-xxxbyw/riverfront-acreage-with-dock-harwich-ma-02645


WEB: 21506743


JAN-SEPT 2014SOLD




INVENTORY (10-1-15)


UNDER $250,000 0 21 1 10 100% -52% 1 12 9 11

$250,000 - $499,999 25 3 25 5 0% 67% 28 3 10 5

$500,000 -$ 749,999 20 1 26 1 30% 0% 32 2 11 18

$750,000 - $999,999 22 0 18 0 -18% 0% 18 0 9 -

$1,000,000 - $1,999,999 11 0 12 0 9% 0% 26 0 20 -

$2,000,000 - $3,999,999 2 0 5 0 150% 0% 13 0 23 -

$4,000,000 AND UP 0 0 0 0 0% 0% 2 0 - -

TOTALS 80 25 87 16 9% -36% 120 17 12 10

SF CONDO

AVERAGE SALES PRICE

2014 $760,032 $195,012

2015 $808,675 $277,875

% CHANGE 6% 42%


2014 171 122

2015 163 131

% CHANGE -5% 7%


2014 94% 95%

2015 95% 96%

% CHANGE 1% 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.sothebysrealty.com/eng/sales/detail/180-l-821-yyws75/overlooking-pleasant-bay-orleans-ma-02653

http://www.sothebysrealty.com/eng/sales/detail/180-l-821-yyws75/overlooking-pleasant-bay-orleans-ma-02653


WEB: 21509375


JAN-SEPT 2014SOLD




INVENTORY (10-1-15)


UNDER $250,000 2 5 1 5 -50% 0% 2 7 18 13

$250,000 - $499,999 53 6 44 8 -17% 33% 22 13 5 15

$500,000 -$ 749,999 27 4 35 2 30% -50% 35 8 9 36

$750,000 - $999,999 23 0 21 0 -9% 0% 25 5 11 -

$1,000,000 - $1,999,999 28 0 33 0 18% 0% 46 1 13 -

$2,000,000 - $3,999,999 16 0 9 0 -44% 0% 38 0 38 -

$4,000,000 AND UP 2 0 4 0 100% 0% 12 0 27 -

TOTALS 151 15 147 15 -3% 0% 180 34 11 20

SF CONDO

AVERAGE SALES PRICE

2014 $980,850 $347,300

2015 $1,011,569 $361,027

% CHANGE 3% 4%


2014 237 172

2015 159 235

% CHANGE -33% 37%


2014 92% 95%

2015 95% 95%

% CHANGE 3% 0%

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.sothebysrealty.com/eng/sales/detail/180-l-4647-8vlxex/pristine-half-cape-chatham-ma-02633

http://www.sothebysrealty.com/eng/sales/detail/180-l-4647-8vlxex/pristine-half-cape-chatham-ma-02633


WEB: 21507697


JAN-SEPT 2014SOLD




INVENTORY (10-1-15)


UNDER $250,000 5 1 3 6 -40% 500% 3 9 9 14

$250,000 - $499,999 63 2 71 3 13% 50% 63 5 8 15

$500,000 -$ 749,999 12 0 22 0 83% 0% 22 0 9 -

$750,000 - $999,999 3 0 4 0 33% 0% 6 0 14 -

$1,000,000 - $1,999,999 2 0 2 0 0% 0% 5 0 23 -

$2,000,000 - $3,999,999 3 0 0 0 -100% 0% 1 0 - -

$4,000,000 AND UP 0 0 0 0 0% 0% 0 0 - -

TOTALS 88 3 102 9 16% 200% 100 14 9 14

SF CONDO

AVERAGE SALES PRICE

2014 $530,343 $288,333

2015 $452,331 $240,583

% CHANGE -15% -17%


2014 147 182

2015 143 166

% CHANGE -3% -9%


2014 95% 96%

2015 95% 94%

% CHANGE 0% -2%

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.sothebysrealty.com/eng/sales/detail/180-l-821-t2hhj3/luxurious-privacy-eastham-ma-02642

http://www.sothebysrealty.com/eng/sales/detail/180-l-821-t2hhj3/luxurious-privacy-eastham-ma-02642

24

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS

NEW YORK, NY | Web: 0137863 | $3,595,000

HOUSTON, TX | Web: 1250373 | $3,495,000

LOS ANGELES, CA | Web: 0308403 | $3,495,000

RESORT MARKETS

MALIBU, CA | Web: 0355397 | $3,795,000

SAG HARBOR, NY | Web: 0044470 | $3,750,000

CARMEL, CA | Web: 0474004 | $3,395,000

FOREIGN MARKETS

GREECE | Web: WWKHD2 | $3,584,229

SOUTH AFRICA | Web: JGDBB6 | $3,526,931

SPAIN | Web: SJ836H | $3,640,233

sothebysrealty.com

http://atlanticbaysir.com/

http://www.sothebysrealty.com/eng/sales/detail/180-l-1137-sj836h/magnificent-residence-benahavis-cd-29679




http://www.sothebysrealty.com/eng/sales/detail/180-l-509-jgdbb6/ravine-road-cape-town-we-8005


http://www.sothebysrealty.com/eng/sales/detail/180-l-826-wwkhd2/sea-front-villa-in-paros-paros-so



CAPE COD | THE OUTER CAPE 25

Photo courtesy of Elyssa Cohen Photography

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/


OUTER CAPE SALES JANUARY - SEPTEMBER 2015

TOTAL UNITS SOLD OUTER CAPE 2014 2015

UNDER $250,000 25 39

$250,000 - $499,999 98 107

$500,000 -$ 749,999 75 73

$750,000 - $999,999 26 18

$1,000,000 - $1,999,999 13 14

$2,000,000 - $3,999,999 4 4

$4,000,000 AND UP 0 2

The Outer Cape experienced a 7% increase in unit sales year

over year.

Wellfleet sales of single family units declined 39% while pricing

increased by 33%. Condominiums are down by 44% in average

selling price with an 11% reduction in unit sales.

Truro performed with a 17% increase in single family sales and a

183% increase in sales of condominium units.

Provincetown saw a 7% decrease in the average sales price

of single family homes and a 3% increase in the sales price of

condominium units. Unit sales were up 13% for single family

homes and condominiums were also up 10%.

0 20 40 60 80 100 120

$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: 21508461


JAN-SEPT 2014SOLD




INVENTORY (10-1-15)


UNDER $250,000 2 3 3 7 50% 133% 8 6 24 8

$250,000 - $499,999 30 4 18 1 -40% -75% 26 4 13 36

$500,000 -$ 749,999 20 2 12 0 -40% -100% 22 2 17 -

$750,000 - $999,999 6 0 0 0 -100% 0% 8 0 - -

$1,000,000 - $1,999,999 4 0 3 0 -25% 0% 11 0 33 -

$2,000,000 - $3,999,999 0 0 0 0 0% 0% 1 0 - -

$4,000,000 AND UP 0 0 2 0 100% 0% 1 0 5 -

TOTALS 62 9 38 8 -39% -11% 77 12 18 14

SF CONDO

AVERAGE SALES PRICE

2014 $548,189 $329,694

2015 $730,938 $183,563

% CHANGE 33% -44%


2014 173 290

2015 118 91

% CHANGE -32% -69%


2014 95% 97%

2015 95% 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.sothebysrealty.com/eng/sales/detail/180-l-821-47s3ry/wellfleets-goldcoast-jewel-wellfleet-ma-02667

http://www.sothebysrealty.com/eng/sales/detail/180-l-821-47s3ry/wellfleets-goldcoast-jewel-wellfleet-ma-02667


Photo courtesy of Elyssa Cohen Photography


JAN-SEPT 2014SOLD




INVENTORY (10-1-15)


UNDER $250,000 0 7 0 13 0% 86% 0 9 - 6

$250,000 - $499,999 8 4 5 21 -38% 425% 5 32 9 14

$500,000 -$ 749,999 9 1 19 0 111% -100% 27 3 13 -

$750,000 - $999,999 7 0 5 0 -29% 0% 14 0 25 -

$1,000,000 - $1,999,999 4 0 3 0 -25% 0% 21 0 63 -

$2,000,000 - $3,999,999 1 0 2 0 100% 0% 7 0 32 -

$4,000,000 AND UP 0 0 0 0 0% 0% 0 0 - -

TOTALS 29 12 34 34 17% 183% 74 44 20 12

SF CONDO

AVERAGE SALES PRICE

2014 $789,340 $257,500

2015 $806,072 $295,385

% CHANGE 2% 15%


2014 194 207

2015 176 153

% CHANGE -9% -26%


2014 93% 92%

2015 94% 97%

% CHANGE 1% 5%

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://www.sothebysrealty.com/eng/sales/truro-ma-usa


WEB: 21508957


JAN-SEPT 2014SOLD




INVENTORY (10-1-15)


UNDER $250,000 0 13 1 15 100% 15% 0 11 - 7

$250,000 - $499,999 2 50 5 57 150% 14% 2 53 4 8

$500,000 -$ 749,999 8 35 7 35 -13% 0% 4 42 5 11

$750,000 - $999,999 8 5 7 6 -13% 20% 4 17 5 26

$1,000,000 - $1,999,999 3 2 5 3 67% 50% 29 5 52 15

$2,000,000 - $3,999,999 3 0 2 0 -33% 0% 10 1 45 -

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

TOTALS 24 105 27 116 13% 10% 50 129 17 10

SF CONDO

AVERAGE SALES PRICE

2014 $1,028,063 $449,717

2015 $960,648 $464,069

% CHANGE -7% 3%


2014 241 162

2015 203 135

% CHANGE -16% -17%


2014 93% 96%

2015 92% 96%

% CHANGE -1% 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://www.sothebysrealty.com/eng/sales/detail/180-l-511-fcdeqf/sea-urchin-provincetown-ma-02657

http://www.sothebysrealty.com/eng/sales/detail/180-l-511-fcdeqf/sea-urchin-provincetown-ma-02657

Ken Hagerbrokerage manager

Howard Hayesowner/broker

Reven OliverRuth GilbertMary Cabral Sue BuerkelDavid Nicolaubroker/owner

Emily Flaxbroker/owner

30


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

2404 Main Street | Brewster, MA 02631 | 508.896.5000 623 Route 6A | Dennis, MA 02638 | 508-385-4944 587 Route 28 | Harwich Port, MA 02646 | 508.432.6100 6 Route 6A | Orleans, MA 02653 | 508.255.6000 1455 Main St | Chatham, MA 02633 | 508.945.9100 210 Orleans Rd | North Chatham | 508.945.8800

oldcape.com | Each Office is Independently Owned and Operated.

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 Joan WitterBeverly 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 BartolomeiSteve Asmond

Steven StrojnyJodi Steek

Peggy Rowland Donna SawyerColleen RileyGene OrloffJoanne MurphyPamela Mullin

Bryan JesienskiAnnie Hart Cool

Lisa Worthen

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/

Documents

Cape Cod Market Update | Q3 2015