cape cod market update | q4 2015

Cape Cod Market UpdateFourth 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: 0403172

http://www.sothebysrealty.com

http://www.sothebyshomes.com/capecod/sales/0403172


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

sothebyshomes.com

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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http://www.atlanticbaysir.com



CAPE COD | THE UPPER CAPE 3

WEB: 0840906

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 $250,000 317 337

$250,000 - $499,999 839 925

$500,000 -$ 749,999 178 215

$750,000 - $999,999 57 76

$1,000,000 - $1,999,999 65 50

$2,000,000 - $3,999,999 25 13

$4,000,000 AND UP 3 5

UPPER CAPE SALES JANUARY - DECEMBER 2015

The number of units sold in the Upper Cape has increased by 9%

in 2015 as compared to 2014.

Bourne has experienced a 15% decrease in the average selling

price of a single family unit and a 4% decrease in condominium

average sale price. Bourne’s Single Family unit sales are up 37%

and condominiums are up 3%.

Falmouth Single Family units stayed flat and condominium sales

have increased by 15%. Falmouth has seen an 8% decrease in

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

been a reduction of 6% in condominiums.

Sandwich’s Single Family unit sales have increased by 19%

and condominiums have declined by 25%. Sandwich’s average

selling price of a single family has increased by 10% while

condominiums have increased by 14%.

Single Family sales in Mashpee have increased by 3% and

condominiums by 8%. There has been a 5% decrease in the

average selling price of single family homes and a 1% reduction

in condominiums.

0 100 200 300 400 500 600 700 800 900 1000

$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: 0841031

UNITS SOLD INVENTORYSOLD

JAN-DEC 2014SOLD

JAN-DEC 2015% CHANGE

2014 TO 2015CURRENT INVENTORY

(12-31-15)# MONTHS OF

INVENTORY (12-31-15)

SF CONDO SF CONDO SF CONDO SF CONDO SF CONDO

UNDER $250,000 42 20 54 23 29% 15% 7 8 2 4

$250,000 - $499,999 91 16 139 13 53% -19% 45 1 4 1

$500,000 -$ 749,999 16 0 17 1 6% 100% 17 1 12 12

$750,000 - $999,999 3 0 7 0 133% 0% 12 6 21 -

$1,000,000 - $1,999,999 4 0 3 0 -25% 0% 8 0 32 -

$2,000,000 - $3,999,999 5 0 1 0 -80% 0% 6 0 72 -

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

TOTALS 161 36 221 37 37% 3% 96 16 5 5

SF CONDO

AVERAGE SALES PRICE

2014 $429,253 $263,956

2015 $364,577 $254,139

% CHANGE -15% -4%

AVERAGE DAYS ON MARKET

2014 153 145

2015 123 106

% CHANGE -20% -27%

AVERAGE SOLD/LIST PRICE DIFFERENCE

2014 94% 97%

2015 95% 97%

% CHANGE 1% 1%

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-DEC 2014SOLD



(12-31-15)# MONTHS OF



UNDER $250,000 96 11 99 14 3% 27% 18 9 2 8

$250,000 - $499,999 265 36 263 39 -1% 8% 81 16 4 5

$500,000 -$ 749,999 96 9 103 14 7% 56% 70 10 8 9

$750,000 - $999,999 35 2 33 1 -6% -50% 34 2 12 24

$1,000,000 - $1,999,999 26 1 27 0 4% -100% 29 1 13 -

$2,000,000 - $3,999,999 15 0 8 0 -47% 0% 23 0 35 -

$4,000,000 AND UP 2 0 2 0 0% 0% 10 0 60 -

TOTALS 535 59 535 68 0% 15% 265 38 6 7

SF CONDO

AVERAGE SALES PRICE

2014 $536,827 $403,543

2015 $495,023 $377,450

% CHANGE -8% -6%


2014 140 177

2015 141 122

% CHANGE 1% -31%


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: 0403337


JAN-DEC 2014SOLD



(12-31-15)# MONTHS OF



UNDER $250,000 40 19 39 12 -3% -37% 10 8 3 8

$250,000 - $499,999 192 1 223 3 16% 200% 110 4 6 16

$500,000 -$ 749,999 25 0 32 0 28% 0% 42 0 16 -

$750,000 - $999,999 6 0 17 0 183% 0% 20 0 14 -

$1,000,000 - $1,999,999 3 0 5 0 67% 0% 8 0 19 -

$2,000,000 - $3,999,999 0 0 1 0 100% 0% 4 0 48 -

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

TOTALS 266 20 317 15 19% -25% 195 12 7 10

SF CONDO

AVERAGE SALES PRICE

2014 $368,202 $192,625

2015 $405,331 $220,125

% CHANGE 10% 14%


2014 136 89

2015 118 120

% CHANGE -13% 35%


2014 96% 95%

2015 96% 95%

% CHANGE 0% 0%

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: 0841013


JAN-DEC 2014SOLD



(12-31-15)# MONTHS OF



UNDER $250,000 44 45 35 61 -20% 36% 12 13 4 3

$250,000 - $499,999 113 125 138 107 22% -14% 55 34 5 4

$500,000 -$ 749,999 30 2 32 16 7% 700% 52 13 20 10

$750,000 - $999,999 11 0 16 2 45% 100% 29 3 22 18

$1,000,000 - $1,999,999 30 1 15 0 -50% -100% 60 3 48 -

$2,000,000 - $3,999,999 5 0 3 0 -40% 0% 12 0 48 -

$4,000,000 AND UP 1 0 3 0 200% 0% 3 0 12 -

TOTALS 234 173 242 186 3% 8% 223 66 11 4

SF CONDO

AVERAGE SALES PRICE

2014 $569,042 $332,182

2015 $541,908 $327,588

% CHANGE -5% -1%


2014 175 125

2015 147 137

% CHANGE -16% 10%


2014 94% 97%

2015 95% 97%

% CHANGE 1% 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 | $1,599,000

SAN FRANCISCO, CA | Web: 0087632 | $1,749,000

HOUSTON, TX | Web: 1232477 | $1,450,000

RESORT MARKETS

MALIBU, CA | Web: 1290290 | $1,569,000

EAST HAMPTON, NY | Web: 0046917 | $1,499,000

SANTA BARBARA, CA | Web: 0592915 | $1,295,000

FOREIGN MARKETS

MUMBAI | Web: 95M3MN | $1,358,798

SOUTH AFRICA | Web: QBJHBF | $1,414,109

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

sothebysrealty.com

http://www.sothebyshomes.com/Los-Angeles-Real-Estate/sales/1290290?agentid=undefined

http://www.sothebyshomes.com/hamptons/sales/0046917?agentid=undefined

http://www.sothebyshomes.com/San-Francisco-Real-Estate/sales/0087632?agentid=undefined

http://www.sothebysrealty.com/eng/sales/int/filter-webid-s349hb

http://www.sothebyshomes.com/Santa-Barbara-Real-Estate/sales/0592915?agentid=undefined

http://www.sothebysrealty.com/eng/sales/int/filter-webid-95m3mn

http://www.sothebysrealty.com/eng/sales/int/filter-webid-qbjhbf

http://www.sothebyshomes.com/nyc/sales/00110341

http://www.sothebyshomes.com/houston/sales/1232477?agentid=undefined

10

AUCTION CALENDAR FEB | MAR | APR | MAY 2016

RM Sotheby’s: ParisParis 03 Feb

Impressionist & Modern Art Evening SaleLondon 03 Feb

Contemporary Art Evening AuctionLondon 10 Feb

Finest & Rarest WinesNew York 27 Feb

WatchesLondon 08 Mar

Important Ceramics by Pablo PicassoLondon 05 Ap

20th Century Art / Middle EastLondon 18 Apr

Orfèvrerie, Boîtes en Or et Objets de VitrineParis 04 May

Paul Gauguin | Nature morte aux mangos et à la fleur d’hibiscusEstimate £2-3m

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

CAPE COD | THE MID CAPE 11

THE MID CAPE

WEB: 0403276

BARNSTABLE, YARMOUTH, DENNIS

Located in the middle of Cape Cod, along the bicep to

continue the arm analogy, the mid Cape consists of

the towns of Barnstable, Yarmouth and Dennis. Each

of these towns is unique in that it extends the full way

across Cape Cod from north to south, bisected only by

the Cape’s three main highways of Route 6A, Route 6

and Route 28.




TOTAL UNITS SOLD MID CAPE 2014 2015

UNDER $250,000 638 544

$250,000 - $499,999 873 962

$500,000 -$ 749,999 166 184

$750,000 - $999,999 56 64

$1,000,000 - $1,999,999 49 49

$2,000,000 - $3,999,999 16 23

$4,000,000 AND UP 8 8

MID CAPE SALES JANUARY - DECEMBER 2015

The number of units sold in the Mid Cape has increased by 2% in

2015 as compared to 2014.

Barnstable’s average selling price in single family homes has

decreased 1%, while the average selling price of condominiums

has decreased 11%.

Over the same time frame in Barnstable, both closed unit sales

are down. 1% for single family units and 3% for condominums.

Yarmouth single family units are up 8%, however condominiums

are down 8%.

Dennis’ single family units increased 2% for 2015 vs 2014.

0 200 400 600 800 1000 1200

$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: 0403317


JAN-DEC 2014SOLD



(12-31-15)# MONTHS OF



UNDER $250,000 156 53 126 58 -19% 9% 30 10 3 2

$250,000 - $499,999 408 31 418 27 2% -13% 173 15 5 7

$500,000 -$ 749,999 74 6 85 1 15% -83% 63 8 9 96

$750,000 - $999,999 32 0 28 1 -13% 100% 41 0 18 -

$1,000,000 - $1,999,999 36 0 36 0 0% 0% 67 1 22 -

$2,000,000 - $3,999,999 10 0 20 0 100% 0% 29 0 17 -

$4,000,000 AND UP 7 0 6 0 -14% 0% 23 0 46 -

TOTALS 723 90 719 87 -1% -3% 426 34 7 5

SF CONDO

AVERAGE SALES PRICE

2014 $534,520 $237,426

2015 $527,868 $211,912

% CHANGE -1% -11%


2014 130 169

2015 130 170

% CHANGE 0% 1%


2014 93% 95%

2015 93% 96%

% CHANGE 1% 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-DEC 2014SOLD



(12-31-15)# MONTHS OF



UNDER $250,000 184 80 139 77 -24% -4% 28 30 2 5

$250,000 - $499,999 214 39 290 36 36% -8% 93 9 4 3

$500,000 -$ 749,999 32 4 34 0 6% -100% 19 2 7 -

$750,000 - $999,999 7 0 12 0 71% 0% 9 1 9 -

$1,000,000 - $1,999,999 7 0 6 0 -14% 0% 10 0 20 -

$2,000,000 - $3,999,999 1 0 1 0 0% 0% 5 0 60 -

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

TOTALS 445 123 482 113 8% -8% 168 42 4 4

SF CONDO

AVERAGE SALES PRICE

2014 $316,537 $238,083

2015 $347,794 $227,916

% CHANGE 10% -4%


2014 126 171

2015 116 83

% CHANGE -8% -51%


2014 95% 96%

2015 96% 97%

% CHANGE 1% 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.






MLS ID: 21510051


JAN-DEC 2014SOLD



(12-31-15)# MONTHS OF



UNDER $250,000 97 68 72 72 -26% 6% 16 29 3 5

$250,000 - $499,999 169 12 172 19 2% 58% 60 5 4 3

$500,000 -$ 749,999 39 11 59 5 51% -55% 23 1 5 2

$750,000 - $999,999 14 3 23 0 64% -100% 17 1 9 -

$1,000,000 - $1,999,999 6 0 7 0 17% 0% 18 0 31 -

$2,000,000 - $3,999,999 5 0 2 0 -60% 0% 6 0 36 -

$4,000,000 AND UP 1 0 2 0 100% 0% 1 0 6 -

TOTALS 331 94 337 96 2% 2% 141 36 5 5

SF CONDO

AVERAGE SALES PRICE

2014 $410,959 $252,270

2015 $447,255 $205,930

% CHANGE 9% -18%


2014 134 178

2015 126 135

% CHANGE -6% -24%


2014 94% 100%

2015 95% 98%

% 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.

http://www.sothebysrealty.com/eng/sales/detail/180-l-4279-gjj3l3/dennis-village-retreat-dennis-ma-02638

http://www.sothebysrealty.com/eng/sales/detail/180-l-4279-gjj3l3/dennis-village-retreat-dennis-ma-02638

16



NEW YORK, NY | Web: 00110344 | $3,300,000

HOUSTON, TX | Web: 1240638 | $3,595,000

LOS ANGELES, CA | Web: 0355516 | $3,295,000

RESORT MARKETS

MALIBU, CA | Web: 1300085 | $3,650,000

SAG HARBOR, NY | Web: 0046914 | $3,650,000

SANTA BARBARA, CA | Web: 0593005 | $3,750,000

FOREIGN MARKETS

GERMANY | Web: YYRWLR | $3,584,619

ITALY | Web: EJTHMF | $3,475,994

ISRAEL | Web: FZMR3K | $3,857,132

sothebysrealty.com

ON THE MARKET

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http://www.sothebyshomes.com/hamptons/sales/0046914?agentid=undefined


http://www.sothebysrealty.com/eng/sales/int/filter-webid-ejthmf

http://www.sothebyshomes.com/Santa-Barbara-Real-Estate/sales/0593005?agentid=undefined

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http://www.sothebyshomes.com/nyc/sales/00110344?agentid=undefined


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.


LOWER CAPE SALES JANUARY - DECEMBER 2015

TOTAL UNITS SOLD LOWER CAPE 2014 2015

UNDER $250,000 146 159

$250,000 - $499,999 488 547

$500,000 -$749,999 155 226

$750,000 - $999,999 90 86

$1,000,000 - $1,999,999 73 94

$2,000,000 - $3,999,999 35 28

$4,000,000 AND UP 3 7

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 16% in 2015 as compared

to 2014.

Brewster has seen a 10% increase in single family unit sales year

over year, and condominiums are up by 18%. Harwich single

family units, like Brewster, saw an increase compared to last

year.

Harwich performed with a 33% increase in single family sales

and a 25% increase in sales of condominium units.

Orleans experienced a 5% increase in average sales price for

single family homes, while condomium prices increased 37%.

Chatham and Eastham both experienced increases in unit

sales year over year, posting 4% and 22% increases in units

respectively.

0 100 200 300 400 500 600

$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




MLS ID: 21509346


JAN-DEC 2014SOLD



(12-31-15)# MONTHS OF



UNDER $250,000 6 48 5 65 -17% 35% 0 14 0 3

$250,000 - $499,999 104 18 110 16 6% -11% 32 13 3 10

$500,000 -$ 749,999 31 4 39 3 26% -25% 20 0 6 0

$750,000 - $999,999 8 1 4 1 -50% 0% 13 2 39 24

$1,000,000 - $1,999,999 6 1 12 0 100% -100% 5 1 5 -

$2,000,000 - $3,999,999 1 0 1 0 0% 0% 5 0 60 -

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

TOTALS 156 72 171 85 10% 18% 75 30 5 4

SF CONDO

AVERAGE SALES PRICE

2014 $483,214 $270,342

2015 $498,996 $232,803

% CHANGE 3% -14%


2014 111 105

2015 121 111

% CHANGE 9% 6%


2014 95% 96%

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-821-5k7my4/76-harwich-road-brewster-ma-brewster-ma-02631

http://www.sothebysrealty.com/eng/sales/detail/180-l-821-5k7my4/76-harwich-road-brewster-ma-brewster-ma-02631


MLS ID: 21508790


JAN-DEC 2014SOLD



(12-31-15)# MONTHS OF



UNDER $250,000 20 25 19 32 -5% 28% 5 10 3 4

$250,000 - $499,999 144 11 194 11 35% 0% 69 12 4 13

$500,000 -$ 749,999 24 2 41 7 71% 250% 26 8 8 14

$750,000 - $999,999 13 1 14 0 8% -100% 13 0 11 -

$1,000,000 - $1,999,999 9 0 10 0 11% 0% 10 0 12 -

$2,000,000 - $3,999,999 4 1 6 0 50% -100% 3 0 6 -

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

TOTALS 214 40 284 50 33% 25% 128 30 5 7

SF CONDO

AVERAGE SALES PRICE

2014 $489,827 $332,801

2015 $486,963 $280,903

% CHANGE -1% -16%


2014 117 163

2015 149 200

% CHANGE 27% 23%


2014 94% 93%

2015 95% 95%

% CHANGE 1% 2%

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.sothebysrealty.com/eng/sales/detail/180-l-4647-bzrmqw/desirable-walden-woods-harwich-ma-02645

http://www.sothebysrealty.com/eng/sales/detail/180-l-4647-bzrmqw/desirable-walden-woods-harwich-ma-02645


MLS ID: 21501605


JAN-DEC 2014SOLD



(12-31-15)# MONTHS OF



UNDER $250,000 0 24 1 15 100% -38% 1 5 12 4

$250,000 - $499,999 33 8 34 12 3% 50% 20 1 7 1

$500,000 -$ 749,999 28 1 36 2 29% 100% 24 1 8 6

$750,000 - $999,999 33 0 29 0 -12% 0% 11 0 5 -

$1,000,000 - $1,999,999 15 0 18 0 20% 0% 13 0 9 -

$2,000,000 - $3,999,999 5 0 8 0 60% 0% 16 0 24 -

$4,000,000 AND UP 1 0 2 0 100% 0% 2 0 12 -

TOTALS 115 33 128 29 11% -12% 87 7 8 3

SF CONDO

AVERAGE SALES PRICE

2014 $854,244 $215,209

2015 $897,357 $295,629

% CHANGE 5% 37%


2014 167 129

2015 165 117

% CHANGE -1% -9%


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-xgcv8r/sunrises-and-sunsets-orleans-ma-02653

http://www.sothebysrealty.com/eng/sales/detail/180-l-821-xgcv8r/sunrises-and-sunsets-orleans-ma-02653


MLS ID: 21511448


JAN-DEC 2014SOLD



(12-31-15)# MONTHS OF



UNDER $250,000 2 7 1 9 -50% 29% 1 2 12 3

$250,000 - $499,999 68 8 55 9 -19% 13% 22 11 5 15

$500,000 -$ 749,999 41 5 55 5 34% 0% 31 6 7 14

$750,000 - $999,999 29 0 30 0 3% 0% 19 6 8 -

$1,000,000 - $1,999,999 38 0 50 0 32% 0% 40 2 10 -

$2,000,000 - $3,999,999 21 0 13 0 -38% 0% 32 0 30 -

$4,000,000 AND UP 2 0 5 0 150% 0% 13 0 31 -

TOTALS 201 20 209 23 4% 15% 158 27 9 14

SF CONDO

AVERAGE SALES PRICE

2014 $957,667 $345,200

2015 $1,032,022 $374,615

% CHANGE 8% 9%


2014 230 181

2015 171 193

% CHANGE -26% 7%


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-4647-9knttq/209-shore-road-chatham-ma-chatham-ma-02633

http://www.sothebysrealty.com/eng/sales/detail/180-l-4647-9knttq/209-shore-road-chatham-ma-chatham-ma-02633



JAN-DEC 2014SOLD



(12-31-15)# MONTHS OF



UNDER $250,000 7 7 6 6 -14% -14% 3 6 6 12

$250,000 - $499,999 91 3 101 5 11% 67% 44 3 5 7

$500,000 -$ 749,999 19 0 38 0 100% 0% 11 0 3 -

$750,000 - $999,999 5 0 8 0 60% 0% 2 0 3 -

$1,000,000 - $1,999,999 4 0 4 0 0% 0% 8 0 24 -

$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 129 10 157 11 22% 10% 69 9 5 10

SF CONDO

AVERAGE SALES PRICE

2014 $519,325 $210,050

2015 $470,700 $260,205

% CHANGE -9% 24%


2014 162 167

2015 142 169

% CHANGE -12% 1%


2014 94% 95%

2015 95% 95%

% CHANGE 1% 0%

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.

24



NEW YORK, NY | Web: 00110466 | $5,200,000

SAN FRANCISCO, CA | Web: 0087635 | $5,500,000

HOUSTON, TX | Web: 1250301 | $5,499,000

RESORT MARKETS

PEBBLE BEACH, CA | Web: 0474307 | $5,895,000

PALM BEACH, FL | Web: 0076834 | $5,995,000

MONTECITO, CA | Web: 0632357 | $5,495,000

FOREIGN MARKETS

SPAIN | Web: NF2L59 | $5,584,178

FRANCE | Web: 5Q5HYV | $5,431,240

ISRAEL | Web: 9ZWTEE | $5,657,127

sothebysrealty.com

ON THE MARKET

http://www.sothebyshomes.com/Monterey-Real-Estate/sales/0474307

http://www.sothebyshomes.com/palmbeach/sales/0076834

http://www.sothebyshomes.com/San-Francisco-Real-Estate/sales/0087635?agentid=undefined

http://www.sothebysrealty.com/eng/sales/int/filter-webid-9zwtee

http://www.sothebyshomes.com/Santa-Barbara-Real-Estate/sales/0632357

http://www.sothebysrealty.com/eng/sales/int/filter-webid-nf2l59

http://www.sothebysrealty.com/eng/sales/int/filter-webid-5q5hyv

http://www.sothebyshomes.com/nyc/sales/00110466?agentid=undefined


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 - DECEMBER 2015

TOTAL UNITS SOLD OUTER CAPE 2014 2015

UNDER $250,000 40 47

$250,000 - $499,999 138 151

$500,000 -$ 749,999 103 97

$750,000 - $999,999 43 29

$1,000,000 - $1,999,999 26 27

$2,000,000 - $3,999,999 4 7

$4,000,000 AND UP 0 2

The Outer Cape experienced a 2% increase in unit sales year

over year.

Wellfleet sales of single family units declined 38% while pricing

increased by 16%. Condominiums are down by 20% in average

selling price with a 13% reduction in unit sales.

Truro performed with a 30% increase in single family sales and a

105% increase in sales of condominium units.

Provincetown saw a 2% decrease in the average sales price of

single family homes and an 8% increase in the sales price of

condominium units. Unit sales were down 11% for single family

homes and condominiums were up 5%.

0 20 40 60 80 100 120 140 160

$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




MLS ID: 21510949


JAN-DEC 2014SOLD



(12-31-15)# MONTHS OF



UNDER $250,000 4 8 5 9 25% 13% 3 6 7 8

$250,000 - $499,999 37 5 27 4 -27% -20% 18 2 8 6

$500,000 -$ 749,999 29 2 14 0 -52% -100% 21 3 18 -

$750,000 - $999,999 9 0 2 0 -78% 0% 4 0 24 -

$1,000,000 - $1,999,999 6 0 3 0 -50% 0% 7 0 28 -

$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 6 -

TOTALS 85 15 53 13 -38% -13% 55 11 12 10

SF CONDO

AVERAGE SALES PRICE

2014 $566,490 $282,117

2015 $656,291 $225,377

% CHANGE 16% -20%


2014 173 224

2015 113 74

% CHANGE -35% -67%


2014 95% 97%

2015 95% 98%

% 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-821-3dyner/615-chequessett-neck-road-wellfleet-ma-wellfleet-ma-02667

http://www.sothebysrealty.com/eng/sales/detail/180-l-821-3dyner/615-chequessett-neck-road-wellfleet-ma-wellfleet-ma-02667


Photo courtesy of Elyssa Cohen Photography | MLS ID: 21410501


JAN-DEC 2014SOLD



(12-31-15)# MONTHS OF



UNDER $250,000 0 10 0 15 0% 50% 1 2 - 2

$250,000 - $499,999 10 9 9 30 -10% 233% 6 26 8 10

$500,000 -$ 749,999 16 3 27 0 69% -100% 20 1 9 -

$750,000 - $999,999 10 0 7 0 -30% 0% 15 0 26 -

$1,000,000 - $1,999,999 7 0 10 0 43% 0% 14 0 17 -

$2,000,000 - $3,999,999 1 0 4 0 300% 0% 5 0 15 -

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

TOTALS 44 22 57 45 30% 105% 62 29 13 8

SF CONDO

AVERAGE SALES PRICE

2014 $798,724 $307,795

2015 $893,012 $305,158

% CHANGE 12% -1%


2014 190 170

2015 199 143

% CHANGE 5% -16%


2014 94% 93%

2015 94% 97%

% CHANGE 1% 4%

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/int/filter-webid-21410501

http://www.sothebysrealty.com/eng/sales/int/filter-webid-21410501


Photo courtesy of Elyssa Cohen Photography | MLS ID: 21505328


JAN-DEC 2014SOLD



(12-31-15)# MONTHS OF



UNDER $250,000 0 18 1 17 100% -6% 0 7 - 5

$250,000 - $499,999 3 74 6 75 100% 1% 0 43 - 7

$500,000 -$ 749,999 10 43 8 48 -20% 12% 4 29 6 7

$750,000 - $999,999 13 11 10 10 -23% -9% 7 11 8 13

$1,000,000 - $1,999,999 9 4 6 8 -33% 100% 22 3 44 5

$2,000,000 - $3,999,999 3 0 3 0 0% 0% 9 0 36 -

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

TOTALS 38 150 34 158 -11% 5% 43 93 15 7

SF CONDO

AVERAGE SALES PRICE

2014 $1,029,684 $460,431

2015 $1,008,015 $497,754

% CHANGE -2% 8%


2014 224 160

2015 197 135

% CHANGE -12% -16%


2014 92% 96%

2015 92% 96%

% CHANGE -1% -1%

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-511-2w9c59/grande-dame-provincetown-ma-02657

http://www.sothebysrealty.com/eng/sales/detail/180-l-511-2w9c59/grande-dame-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

Greg Kiely brokerage manager

Nicole Vautrain John WeyandEllen ValentgasPat ThatcherSteven StrojnyJodi Steek

Jack CottonMarc Coriaty

Diana Lucivero Jan MacallisterJack LargayNancy KomendaBryan JesienskiAnnie Hart Cool

Jennifer McCartinGene Marchand

Margaret Gifford Susan Gill

Donna Christopher Stephen Cobb

Gail Germain-Martis

Pamela Chmielinski

Robert Foley

Carol Childs

Cynthia Eisen

Melinda Chapin

Sally Duffy

Karen BurtonBonnie BrittCourtney Bottcher

Jane BodrieJackie BartolomeiSteven Asmond

Donna Sawyer

Lisa Worthen

Peggy Rowland

Gene Orloff Colleen RileyJoanne MurphyPamela MullinOliver MuldoonTerri Monroe

Tori HarrisonBeth Gilmore

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 8179 | sothebysdiamonds.comSOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015

cape cod market update | q4 2015

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