Cape Cod Market Update - 3rd Quarter 2014

Cape Cod Market UpdateThird Quarter 2014Sotheby’s International Realty Cape Cod Brokerages Osterville | West Falmouth

oldCape Sotheby’s International Realty Brewster | 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,

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

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


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.

http://www.sothebyshomes.com/capecod/sales/0840716



0 100 200 300 400 500 600 700

$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

2014 2013

TOTAL UNITS SOLD UPPER CAPE 2013 2014

UNDER $250,000 283 229

$250,000 - $499,999 612 634

$500,000 -$ 749,999 134 126

$750,000 - $999,999 47 41

$1,000,000 - $1,999,999 40 46

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

$4,000,000 AND UP 3 3

UPPER CAPE SALES JANUARY - SEPTEMBER 2014

The number of units sold in the Upper Cape has decreased by

3% in 2014 as compared to 2013.

Bourne has experienced a 16% increase in the average selling

price of a single family unit and a 16% increase in condominium

units. Bourne’s Single Family unit sales are down 10% and

condominiums are down 30%.

Falmouth Single Family units are flat and condominium sales

have increased by 12%. Falmouth has seen a 2% decrease in the

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

an increase of 3% in condominiums.

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

condominiums have increased by 64%. Sandwich’s average

selling price of a single family has decreased by 4% while

condominiums have increased by 36%.

Single Family sales in Mashpee have increased by 2% and

condominiums by 4%. There has been a 27% increase in the

average selling price of single family homes and a 15% increase

in condominiums.




WEB: 0840775

UNITS SOLD INVENTORYSOLD

JAN-SEPT 2013SOLD

JAN-SEPT 2014% CHANGE

2013 TO 2014CURRENT INVENTORY

(10/01/14)# MONTHS OF

INVENTORY (10/01/14)

SF CONDO SF CONDO SF CONDO SF CONDO SF CONDO

UNDER $250,000 30 25 31 14 3% -44% 22 17 6 11

$250,000 - $499,999 77 15 68 14 -12% -7% 71 4 9 3

$500,000 -$ 749,999 17 0 12 0 -29% 0% 18 0 14 -

$750,000 - $999,999 4 0 1 0 -75% 0% 8 0 72 -

$1,000,000 - $1,999,999 5 0 4 0 -20% 0% 9 0 20 -

$2,000,000 - $3,999,999 1 0 5 0 400% 0% 3 0 5 -

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

TOTALS 134 40 121 28 -10% -30% 131 21 10 7

SF CONDO

AVERAGE SALES PRICE

2013 $399,610 $240,650

2014 $462,742 $279,229

% CHANGE 16% 16%

AVERAGE DAYS ON MARKET

2013 145 142

2014 158 139

% CHANGE 9% -2%

AVERAGE SOLD/LIST PRICE DIFFERENCE

2013 92% 97%

2014 94% 96%

% CHANGE 2% 0%

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: 0840676


JAN-SEPT 2013SOLD



(10/01/14)# MONTHS OF



UNDER $250,000 86 8 68 11 -21% 38% 27 4 4 3

$250,000 - $499,999 175 30 205 26 17% -13% 140 12 6 4

$500,000 -$ 749,999 80 1 66 8 -18% 700% 58 10 8 11

$750,000 - $999,999 22 1 27 0 23% -100% 46 1 15 -

$1,000,000 - $1,999,999 23 1 15 1 -35% 0% 37 0 22 0

$2,000,000 - $3,999,999 5 0 10 0 100% 0% 18 0 16 -

$4,000,000 AND UP 3 0 2 0 -33% 0% 8 0 36 -

TOTALS 394 41 393 46 0% 12% 334 27 8 5

SF CONDO

AVERAGE SALES PRICE

2013 $536,434 $375,555

2014 $527,418 $386,523

% CHANGE -2% 3%


2013 143 201

2014 137 195

% CHANGE -4% -3%


2013 94% 96%

2014 94% 96%

% CHANGE 0% -1%

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: 0403076


JAN-SEPT 2013SOLD



(10/01/14)# MONTHS OF



UNDER $250,000 43 11 25 17 -42% 55% 19 11 7 6

$250,000 - $499,999 151 0 150 1 -1% 100% 110 0 7 0

$500,000 -$ 749,999 19 0 19 0 0% 0% 33 0 16 -

$750,000 - $999,999 10 0 5 0 -50% 0% 25 0 45 -

$1,000,000 - $1,999,999 4 0 2 0 -50% 0% 10 0 45 -

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

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

TOTALS 227 11 201 18 -11% 64% 198 11 9 6

SF CONDO

AVERAGE SALES PRICE

2013 $386,549 $138,682

2014 $372,247 $189,194

% CHANGE -4% 36%


2013 140 274

2014 139 93

% CHANGE -1% -66%


2013 96% 95%

2014 96% 95%

% CHANGE 1% 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: 0840821


JAN-SEPT 2013SOLD



(10/01/14)# MONTHS OF



UNDER $250,000 44 36 32 31 -27% -14% 10 16 3 5

$250,000 - $499,999 84 80 80 90 -5% 13% 64 43 7 4

$500,000 -$ 749,999 15 2 20 1 33% -50% 39 6 18 54

$750,000 - $999,999 10 0 8 0 -20% 0% 20 2 23 -

$1,000,000 - $1,999,999 7 0 23 1 229% 100% 35 0 14 0

$2,000,000 - $3,999,999 4 0 4 0 0% 0% 8 0 18 -

$4,000,000 AND UP 0 0 1 0 100% 0% 4 0 36 -

TOTALS 164 118 168 123 2% 4% 180 67 10 5

SF CONDO

AVERAGE SALES PRICE

2013 $458,295 $283,506

2014 $581,554 $327,353

% CHANGE 27% 15%


2013 143 159

2014 178 128

% CHANGE 24% -19%


2013 93% 97%

2014 94% 97%

% CHANGE 1% 1%

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: 0019670 | $4,750,000

HOUSTON, TX | Web: 1250117 | $5,999,900

HILLSBOROUGH, CA | Web: 0086933 | $6,985,000

RESORT MARKETS

AGOURA, CA | Web: 1290006 | $5,399,000

MONTECITO, CA | Web: 0113855 | $4,995,000

PALM BEACH, FL | Web: 0076361 | $6,80,000

FOREIGN MARKETS

HONG KONG | Web: S7RFQ8 | $4,902,403

ITALY | Web: RVVKQ4 | $5,426,357

FRANCE | Web: NM2GG7 | $5,361,757

sothebysrealty.com

ON THE MARKET

http://www.sothebyshomes.com/Los-Angeles-Real-Estate/sales/1290006

http://www.sothebyshomes.com/Santa-Barbara-Real-Estate/sales/0113855

http://www.sothebyshomes.com/houston/sales/1250117

http://www.sothebysrealty.com/eng/sales/detail/180-l-768-nm2gg7/bethune-paris-pa-75004

http://www.sothebyshomes.com/palmbeach/sales/0076361

http://www.sothebysrealty.com/eng/sales/detail/180-l-761-s7rfq8/ruby-court-block-02-repulse-bay-hk

http://www.sothebysrealty.com/eng/sales/detail/180-l-1952-rvvkq4/prestigious-penthouse-with-views-in-portofino-portofino-ge-16034

http://www.sothebyshomes.com/nyc/sales/0019670

http://www.sothebyshomes.com/San-Francisco-Real-Estate/sales/0086933

10

Visit us in OuR stORe OR Online. Our specialists will help you shop for the best wines for all occasions.

Available for immediate delivery.

1334 YORk AVenue At 72nd stReet, nY, nY 10021 | MOndAY tO FRidAY 10AM – 7PM, sAtuRdAY 10AM – 6PM

Sothebyswine.com

CAPE COD | THE MID CAPE 11

THE MID CAPE

WEB: 0402773

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.

Visit us in OuR stORe OR Online. Our specialists will help you shop for the best wines for all occasions.

Available for immediate delivery.

1334 YORk AVenue At 72nd stReet, nY, nY 10021 | MOndAY tO FRidAY 10AM – 7PM, sAtuRdAY 10AM – 6PM

Sothebyswine.com




TOTAL UNITS SOLD MID CAPE 2013 2014

UNDER $250,000 533 461

$250,000 - $499,999 602 660

$500,000 -$ 749,999 127 122

$750,000 - $999,999 32 42

$1,000,000 - $1,999,999 43 33

$2,000,000 - $3,999,999 16 12

$4,000,000 AND UP 5 5

MID CAPE SALES JANUARY - SEPTEMBER 2014

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

in 2014 as compared to 2013.

Barnstable’s average selling price in single family homes has

increased 2%, while the average selling price of condominiums

has also increased to 8%.

Over the same time frame in Barnstable, single family units have

decreased 5%, however condominums have increased 6%.

Yarmouth single family units are down 5% however

condominiums are up 25%.

Dennis single family units are up a nominal 1%, however

condominums are down 4% for 2014 vs 2013.

0 100 200 300 400 500 600 700

$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

2014 2013




WEB: 0403068


JAN-SEPT 2013SOLD



(10/01/14)# MONTHS OF



UNDER $250,000 170 39 111 39 -35% 0% 40 13 3 3

$250,000 - $499,999 277 22 316 26 14% 18% 188 7 5 2

$500,000 -$ 749,999 55 4 51 4 -7% 0% 78 7 14 16

$750,000 - $999,999 19 0 25 0 32% 0% 46 0 17 -

$1,000,000 - $1,999,999 33 0 26 0 -21% 0% 54 1 19 -

$2,000,000 - $3,999,999 13 0 9 0 -31% 0% 29 0 29 -

$4,000,000 AND UP 5 0 4 0 -20% 0% 13 0 29 -

TOTALS 572 65 542 69 -5% 6% 448 28 7 4

SF CONDO

AVERAGE SALES PRICE

2013 $513,500 $222,761

2014 $523,331 $239,926

% CHANGE 2% 8%


2013 152 202

2014 124 181

% CHANGE -18% -10%


2013 93% 95%

2014 94% 95%

% 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: 0402942


JAN-SEPT 2013SOLD



(10/01/14)# MONTHS OF



UNDER $250,000 137 59 130 63 -5% 7% 48 24 3 3

$250,000 - $499,999 165 16 156 28 -5% 75% 140 15 8 5

$500,000 -$ 749,999 24 1 24 4 0% 300% 29 0 11 0

$750,000 - $999,999 4 0 4 0 0% 0% 16 0 36 -

$1,000,000 - $1,999,999 3 0 4 0 33% 0% 5 0 11 -

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

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

TOTALS 333 76 318 95 -5% 25% 244 39 7 4

SF CONDO

AVERAGE SALES PRICE

2013 $311,757 $200,762

2014 $316,537 $240,628

% CHANGE 2% 20%


2013 136 135

2014 126 165

% CHANGE -7% 22%


2013 95% 96%

2014 95% 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: 21406629


JAN-SEPT 2013SOLD



(10/01/14)# MONTHS OF



UNDER $250,000 68 60 72 46 6% -23% 32 49 4 10

$250,000 - $499,999 114 8 126 8 11% 0% 78 9 6 10

$500,000 -$ 749,999 43 0 30 9 -30% 100% 36 6 11 6

$750,000 - $999,999 9 0 11 2 22% 100% 27 0 22 0

$1,000,000 - $1,999,999 7 0 3 0 -57% 0% 17 1 51 -

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

$4,000,000 AND UP 0 0 1 0 100% 0% 2 0 18 -

TOTALS 244 68 246 65 1% -4% 195 65 7 9

SF CONDO

AVERAGE SALES PRICE

2013 $409,052 $146,365

2014 $400,496 $261,553

% CHANGE -2% 79%


2013 115 163

2014 141 149

% CHANGE 23% -9%


2013 94% 94%

2014 94% 100%

% CHANGE -1% 6%

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-1295-vfh63y/14-capt-keavy-way-dennis-ma-dennis-ma-02670

16



NEW YORK, NY | Web: 0137370 | $2,895,000

HOUSTON, TX | Web: 1231558 | $3,649,000

SAN FRANCISCO, CA | Web: 0086965 | $3,995,000

RESORT MARKETS

MALIBU, CA | Web: 1300004 | $2,495,000

WEST PALM BEACH, FL | Web: 0074827 | $3,795,000

SUMMERLAND, CA | Web: 0632268 | $3,750,000

FOREIGN MARKETS

HONG KONG | Web: DDH648 | $2,838,234

ITALY | Web: ZV27TP | $3,165,375

FRANCE | Web: BMWKQP | Price Upon Request

sothebysrealty.com

ON THE MARKET




http://www.sothebysrealty.com/eng/sales/detail/180-l-768-bmwkqp/neuilly-sur-seine-victor-hugo-paris-pa-92200

http://www.sothebyshomes.com/Santa-Fe-Real-Estate/sales/0574992

http://www.sothebysrealty.com/eng/sales/detail/180-l-761-ddh648/regent-palisades-block-02-pokfulam-hk

http://www.sothebysrealty.com/eng/sales/detail/180-l-1952-zv27tp/modern-villa-with-garden-other-olbia-tempio-ot-08020



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 - SEPTEMBER 2014

TOTAL UNITS SOLD LOWER CAPE 2013 2014

UNDER $250,000 141 113

$250,000 - $499,999 402 359

$500,000 -$ 749,999 127 109

$750,000 - $999,999 51 65

$1,000,000 - $1,999,999 54 53

$2,000,000 - $3,999,999 12 24

$4,000,000 AND UP 1 2

The five Towns comprising the Lower Cape have experienced a

decrease in 2014 when compared to 2013.

The number of units sold in the Lower Cape are down by about

8% in 2014 as compared to 2013.

Brewster has seen a 5% increase in single family unit sales

year over year, and condominiums are flat at 53 units. Although

Brewster increased single family units,

Harwich saw a decrease. Harwich performed with a 27%

decrease in single family sales and a 3% increase in sales of

condominium units.

Orleans experienced a 3% increase in average sales price for

single family homes, while condomium prices increased 28%.

Chatham experienced an increase in single family sales year over

year of 10% while Eastham posted a decline of 4%.

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

2014 2013




WEB: 21400376


JAN-SEPT 2013SOLD



(10/01/14)# MONTHS OF



UNDER $250,000 8 39 5 36 -38% -8% 0 15 0 4

$250,000 - $499,999 71 12 80 13 13% 8% 39 4 4 3

$500,000 -$ 749,999 21 1 23 3 10% 200% 32 0 13 0

$750,000 - $999,999 6 1 5 0 -17% -100% 17 0 31 -

$1,000,000 - $1,999,999 6 0 5 1 -17% 100% 10 2 18 18

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

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

TOTALS 112 53 118 53 5% 0% 102 21 8 4

SF CONDO

AVERAGE SALES PRICE

2013 $479,260 $203,208

2014 $460,438 $232,078

% CHANGE -4% 14%


2013 132 162

2014 111 111

% CHANGE -16% -31%


2013 95% 95%

2014 95% 95%

% CHANGE 1% 0%

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-nrmvsp/180-w-h-besse-cartway-brewster-ma-brewster-ma-02631


WEB: 21402269


JAN-SEPT 2013SOLD



(10/01/14)# MONTHS OF



UNDER $250,000 31 21 18 20 -42% -5% 7 16 4 7

$250,000 - $499,999 138 6 107 7 -22% 17% 86 4 7 5

$500,000 -$ 749,999 32 3 17 2 -47% -33% 38 4 20 18

$750,000 - $999,999 12 0 11 1 -8% 100% 16 0 13 0

$1,000,000 - $1,999,999 6 0 6 0 0% 0% 10 0 15 -

$2,000,000 - $3,999,999 2 0 2 1 0% 100% 5 0 23 0

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

TOTALS 221 30 161 31 -27% 3% 162 24 9 7

SF CONDO

AVERAGE SALES PRICE

2013 $442,655 $248,480

2014 $464,262 $367,679

% CHANGE 5% 48%


2013 131 181

2014 115 149

% CHANGE -12% -18%


2013 95% 95%

2014 94% 94%

% CHANGE 0% -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-1295-4y3fqp/68-snow-inn-rd-harwich-ma-harwich-ma-02646


WEB: 21406296


JAN-SEPT 2013SOLD



(10/01/14)# MONTHS OF



UNDER $250,000 3 15 0 21 -100% 40% 0 6 - 3

$250,000 - $499,999 29 9 25 3 -14% -67% 27 6 10 18

$500,000 -$ 749,999 25 1 20 1 -20% 0% 20 0 9 0

$750,000 - $999,999 16 1 22 0 38% -100% 17 0 7 -

$1,000,000 - $1,999,999 15 0 11 0 -27% 0% 17 0 14 -

$2,000,000 - $3,999,999 0 0 2 0 100% 0% 10 0 45 -

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

TOTALS 89 26 80 25 -10% -4% 92 12 10 4

SF CONDO

AVERAGE SALES PRICE

2013 $738,471 $270,065

2014 $760,032 $195,012

% CHANGE 3% -28%


2013 154 205

2014 171 122

% CHANGE 11% -40%


2013 93% 96%

2014 94% 95%

% 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-821-9kzwvr/grand-view-association-orleans-ma-02653


WEB: 0402851


JAN-SEPT 2013SOLD



(10/01/14)# MONTHS OF



UNDER $250,000 1 13 2 5 100% -62% 0 1 0 2

$250,000 - $499,999 61 2 53 6 -13% 200% 39 12 7 18

$500,000 -$ 749,999 28 4 27 4 -4% 0% 42 8 14 18

$750,000 - $999,999 14 0 23 0 64% 0% 19 3 7 -

$1,000,000 - $1,999,999 24 0 28 0 17% 0% 49 0 16 -

$2,000,000 - $3,999,999 9 0 16 0 78% 0% 15 0 8 -

$4,000,000 AND UP 0 0 2 0 100% 0% 4 0 18 -

TOTALS 137 19 151 15 10% -21% 168 24 10 14

SF CONDO

AVERAGE SALES PRICE

2013 $821,477 $289,618

2014 $980,850 $347,300

% CHANGE 19% 20%


2013 215 301

2014 237 172

% CHANGE 10% -43%


2013 94% 95%

2014 92% 95%

% CHANGE -2% 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.






WEB: 21406710


JAN-SEPT 2013SOLD



(10/01/14)# MONTHS OF



UNDER $250,000 5 5 5 1 0% -80% 5 5 9 45

$250,000 - $499,999 70 4 63 2 -10% -50% 63 8 9 36

$500,000 -$ 749,999 12 0 12 0 0% 0% 32 0 24 -

$750,000 - $999,999 1 0 3 0 200% 0% 7 0 21 -

$1,000,000 - $1,999,999 3 0 2 0 -33% 0% 6 0 27 -

$2,000,000 - $3,999,999 1 0 3 0 200% 0% 1 0 3 -

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

TOTALS 92 9 88 3 -4% -67% 114 13 12 39

SF CONDO

AVERAGE SALES PRICE

2013 $472,909 $229,389

2014 $530,343 $288,333

% CHANGE 12% 26%


2013 175 195

2014 147 182

% CHANGE -16% -7%


2013 95% 94%

2014 95% 96%

% 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-eg28re/grandeur-near-bay-eastham-ma-02642

24

ON THE MARKET



NEW YORK, NY | Web: 0137363 | $1,395,000

SAN FRANCISCO, CA | Web: 0086970 | $1,150,000

HOUSTON, TX | Web: 1231623 | $1,135,000

RESORT MARKETS

MALIBU, CA | Web: 0172715 | $1,395,000

PALM BEACH, FL | Web: 0076041 | $1,300,000

SANTA BARBARA, CA | Web: 0592855 | $1,495,000

FOREIGN MARKETS

ITALY | Web: X9KSXW | $1,421,189

FRANCE | Web: VNKDFW | $1,614,987

BRITISH VIRGIN ISLANDS | Web: GET2NC | $1,250,000

sothebysrealty.com

http://www.sothebysrealty.com/eng/sales/detail/180-l-511-2nlyfw/bay-harbour-provincetown-ma-02657




http://www.sothebysrealty.com/eng/sales/detail/180-l-494-get2nc/cane-garden-bay-beach-house-other-british-virgin-islands-vg-vg1110

http://www.sothebyshomes.com/Santa-Barbara-Real-Estate/sales/0592855

http://www.sothebysrealty.com/eng/sales/detail/180-l-1952-x9ksxw/chalet-with-gorgeous-views-other-aosta-ao-11010

http://www.sothebysrealty.com/eng/sales/detail/180-l-768-vnkdfw/paris-8-hoche-paris-pa-75008



CAPE COD | THE OUTER CAPE 25

WEB: 21209097

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://www.sothebysrealty.com/eng/sales/detail/180-l-511-2nlyfw/bay-harbour-provincetown-ma-02657


OUTER CAPE SALES JANUARY - SEPTEMBER 2014

TOTAL UNITS SOLD OUTER CAPE 2013 2014

UNDER $250,000 35 25

$250,000 - $499,999 99 98

$500,000 -$ 749,999 49 75

$750,000 - $999,999 28 26

$1,000,000 - $1,999,999 16 13

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

$4,000,000 AND UP 0 0

The Outer Cape experienced a 4% increase in unit sales year

over year.

Wellfleet sales of single family units increased 29% while pricing

increased by 4%. Condominiums are up by 39% in average

selling price with a 29% increase in unit sales.

Truro performed with a 22% decrease in single family sales and a

29% decrease in sales of condominium units.

Provincetown saw a 1% decrease in the average sales price

of single family homes and a 4% increase in the sales price of

condominium units. Unit sales were down 25% for single family

homes and condominiums were up 17%.

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

2014 2013




WEB: 21408802


JAN-SEPT 2013SOLD



(10/01/14)# MONTHS OF



UNDER $250,000 5 5 2 3 -60% -40% 3 4 14 12

$250,000 - $499,999 23 2 30 4 30% 100% 10 2 3 5

$500,000 -$ 749,999 12 0 20 2 67% 100% 18 0 8 0

$750,000 - $999,999 4 0 6 0 50% 0% 6 0 9 -

$1,000,000 - $1,999,999 4 0 4 0 0% 0% 6 0 14 -

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

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

TOTALS 48 7 62 9 29% 29% 47 6 7 6

SF CONDO

AVERAGE SALES PRICE

2013 $526,103 $236,629

2014 $548,189 $329,694

% CHANGE 4% 39%


2013 215 212

2014 173 290

% CHANGE -20% 37%


2013 94% 95%

2014 95% 97%

% 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-511-hcplbv/spacious-retreat-with-ocean-views-wellfleet-ma-02667


WEB: 21405386


JAN-SEPT 2013SOLD



(10/01/14)# MONTHS OF



UNDER $250,000 2 10 0 7 -100% -30% 0 12 - 15

$250,000 - $499,999 14 6 8 4 -43% -33% 8 30 9 68

$500,000 -$ 749,999 11 0 9 1 -18% 100% 26 4 26 36

$750,000 - $999,999 9 1 7 0 -22% -100% 15 0 19 -

$1,000,000 - $1,999,999 1 0 4 0 300% 0% 9 0 20 -

$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% 1 0 - -

TOTALS 37 17 29 12 -22% -29% 64 46 20 35

SF CONDO

AVERAGE SALES PRICE

2013 $597,654 $270,000

2014 $789,340 $257,500

% CHANGE 32% -5%


2013 239 223

2014 194 207

% CHANGE -19% -7%


2013 94% 93%

2014 93% 92%

% CHANGE -1% -1%

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/detail/180-l-511-47kq4k/disigned-by-alan-dodge-truro-ma-02666

http://www.sothebysrealty.com/eng/sales/detail/180-l-511-47kq4k/disigned-by-alan-dodge-truro-ma-02666


WEB: 21409615


JAN-SEPT 2013SOLD



(10/01/14)# MONTHS OF



UNDER $250,000 0 13 0 13 0% 0% 0 12 - 8

$250,000 - $499,999 6 48 2 50 -67% 4% 5 35 23 6

$500,000 -$ 749,999 5 21 8 35 60% 67% 2 20 2 5

$750,000 - $999,999 8 6 8 5 0% -17% 6 9 7 16

$1,000,000 - $1,999,999 9 2 3 2 -67% 0% 11 4 33 18

$2,000,000 - $3,999,999 4 0 3 0 -25% 0% 3 1 9 -

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

TOTALS 32 90 24 105 -25% 17% 27 81 10 7

SF CONDO

AVERAGE SALES PRICE

2013 $1,037,924 $432,219

2014 $1,028,063 $449,717

% CHANGE -1% 4%


2013 206 166

2014 241 162

% CHANGE 17% -2%


2013 92% 96%

2014 93% 96%

% CHANGE 0% 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-t7844m/1850s-victorian-in-premier-location-provincetown-ma-02657

Ken Hagerbrokerage manager

Howard Hayesowner/broker

Dave Krohn Reven OliverRuth GilbertMary Cabral Sue Buerkel

Peggy FarberJo-Ellen Erickson

Jeff Smith

Eva Scott

Pam RobertsDianne MongeauDiane MillerLaurie McCann

Jim TrainorGayle Tambolleo

Dee Higgins

Daneen Law

Karin Daffinee Eric Ehnstrom

Deidre Hedmark

Debbie Cody

Joseph Hartung

Len Coakley

Hardman/Liberles

Susan Baker-Outslay

Tracie Griffith Vincent

Karen Arnold

David Nicolaubroker/owner

Emily Flaxbroker/owner

Carla Hemmings Mary Jane Ryan

Brandy Salvador

Andrea Jalbert

Barbara O’BrienNatalia Weiner

David Marsh

John AllenDolores Alberti

30

oldcape.com

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


oldCape

Susan Winslow

AtlanticBay atlanticbaysir.com

Provincetown 168 Commercial Street Provincetown, MA 02657 508.487.2430





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

Sharon Craig

vice president, brokerage manager

Pat Thatcher Laura ThomsonNancy Sullivan

Joan Witter

Steven Strojny

Samuel Wilson

Peter Sivco

John Weyand

Donna Sawyer

Beverly Wall-Cedrone

Jack CottonStephen Cobb

Diana Lucivero Jan MacallisterJack LargayNancy KomendaBryan JesienskiAnnie Hart Cool

Jennifer McCartinGene Marchand

Gail Germain Martis Margaret Gifford

Pam Chmielinski Donna Christopher

Bob Foley

Carol Childs

Cynthia Eisen

Melinda Chapin

Patrick Ehart

Karen Burton

Sally Duffy

Bonnie BrittCourtney BottcherJane Bodrie

Jackie BartolomeiHugh BarnesSteve Asmond

Peggy Rowland

Nicole Vautrain

Colleen Riley

Gene Orloff Debbie ReedJoanne MurphyPamela MullinOliver MuldoonTerri Monroe

Ginny GuimondSusan Gill

Ellen Valentgas

http://www.sothebyshomes.com/capecod

M a s t e r p i e c e s i n t h e M a k i n g tM

new York +1 212 894 1400 | London +44 20 7293 6430 | hong kong +852 2822 8113 | sothebYsdiaMonds.coM

Cape Cod Market Update - 3rd Quarter 2014

Documents

Transcript of Cape Cod Market Update - 3rd Quarter 2014