Sales by Town, $2,000,000+, Year End, 2000-2013

Nine of the 54 cities and towns in Middlesex County, Massachusetts, had high-end sales in 2013: Belmont (5), Cambridge (23), Concord (17), Lexington (12), Lincoln (5), Newton (49), Wayland (2), Weston (26), and Winchester (3). For the first time Newton has become the sales leader for the [...]

In 2013 the luxury real estate market in New England and the Adirondacks continued to perform at historically high levels due to a combination of pent-up demand, price reductions, low interest rates, and a strong stock [...]

Active Listings and Sales, $2,000,000+, Q1, 2000-2013

On Cape Cod, Massachusetts, the first quarter inventory of high-end listings remains high with 213 listings compared to a recent low of 172 in 2009 and an all time high of 235 in 2011. Typically the listing inventory grows through the first three quarters and then declines in the [...]

2012 was a year of exceptional activity in the luxury real estate market in New England due to a combination of pent-up demand, price reductions, low interest rates, and concern about changes in capital gains [...]

Market Highlights

• Record number of high-end $2,000,000 + sales, up 84% from 2011 and 4.5% above the peak in 2007
• Cape Cod record sale of 17 Indian Trail in Osterville at $19,500,000. Overall the number of $5,000,000+ sales was about the same as last year.
• Inventories are shrinking slowly, but still represent 2 years of absorption and 3 years at the $5,000,000+
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MARKET HIGHLIGHTS

• Record number of high-end $2,000,000+ sales, up 65% from 2011 and more than twice the number of sales in 2009.
• Record sale on Fairhaven Hill in Concord at $8,600,000. 74% of high-end sales $2,000,000 to $3,000,000; 5% of sales above $5,000,000.
• Inventories are healthy at all levels relative to sales.
• Strong performance in other high-end markets across New England suggests a return to a more balanced market, driven by significant price adjustments and pent-up
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Cape Cod is internationally famous as a summer resort area and is increasingly popular for retirement living. It features miles of beaches, natural attractions, historic sites, art galleries, and four star restaurants and hotels. Outdoor activities include world class yachting, coastal and deep-sea fishing, numerous public and private golf [...]

Middlesex County, Massachusetts, is the most populous county in New England and is located west and northwest of Boston. It contains some of the wealthier towns in Massachusetts and was recently ranked 10th in the country in terms of the number of millionaires. It includes urban, suburban, and rural areas reaching from urban Cambridge, home [...]