2023 Year in Review

LandVest had another productive year in 2023, closing nearly $800 million in sales within ourInstitutional Land Group. We represented our clients across 19 states transacting almost 280,000 acres of land. The market was mixed across sectors with strong demand [...]

LandVest had another productive year in 2023, closing nearly $800 million in sales within our Institutional Land Group. We represented our clients across 19 states transacting almost 280,000 acres of land. The market was mixed in 2023 across sectors with strong demand for scaled institutional forestland portfolios, while the market for retail and mid-sized land properties softened.

The age-old dilemma: Should you buy, or should you hold off? Should you sell, or should you wait?

Vermont's real estate market is changing. Sales of homes over $1 million decreased in 2023 by 6.5% compared to the peak the year before. Buyers placed a bigger discount on homes that needed work due to high building costs and a shortage of [...]

What does cutting-edge artificial intelligence have to do with a walk in the woods? To Steve Hawkes, Vice President of LandVests Forest Resources division, its the future.

High-End $2,000,000+ Market Highlights

• Inventory up 11% (record 322 vs record 291 last year).
• Sales down 14% (467 vs record 544 last year).
• Top Sale: $11,800,000. 15 Dogwood Rd, Weston.
• Strong inventories and buyer demand continue to propel the market despite economic and political concerns.
• As usual, special properties expertly presented, reaching out to a broad market with a strong value proposition, will have a competitive
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Last quarter we addressed the crosscurrents in the real estate market: tight inventory, sellers frozen in place by their existing low mortgages, buyers still searching for the life they want, millennials continuing to come into the market.

Now the tide is turning:  The high water of the COVID-era seller's market is retreating.  The ebb tide is leaving fewer buyers in the waters and sellers more exposed to navigational [...]

High-End $2,000,000+ Market Highlights

• Inventory up 13% (197 vs record low 174 last year).
• Sales volume down 16% (143 vs record high 171 last year).
• Top sale: $15,100,000. 959 SeaView Ave, Osterville.
• Cape Cods high-end inventory is imporiving but historically low.
• Multi-year contractor lead times hamper sales of renovations and tear-down
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We are grateful for the opportunity to collaborate with amazing people committed to special places.  

Jean Abouhamad, of SEA-DAR Construction exemplifies this.

Jean and Charlie Reed own the Ayer Mansion, Louis Comfort Tiffanys only surviving residential interior and exterior design, which they purchased to ensure its ongoing life as a [...]

Since announcing the firms recent expansion into the southern seacoasts of Maine and New Hampshire, we have established two new offices in York Harbor, ME and Portsmouth, NH. These seacoast locations are popular vacation and year-round destinations for visitors up and down the East Coast, including New York and Boston, making the move a [...]