Its easy to understand why Paul and Bunny Mellon chose this site for their storied summer home. Situated on a bluff, overlooking Nantucket Sound, the southwesterly trade winds, gentle but constant, drive the tempo of the sea just beyond a protected barrier island. No doubt the Mellons selected this site for its sweeping views, privacy and seclusion.

 

At the end of the second quarter, the high-end inventory of listings, active and pending, was up by 21% to a record318 listings compared to 263 last year and the previous record of 271 listings in 2016.

 

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

• Inventory up 21% (230 vs 182 last year).
• Sales volume up 57% (47 vs 30 last year).
• Top sale: $7,900,000, Little Bars Neck Road, West Falmouth.
• Tariffs and supply chain dislocations will increase the cost of new construction and renovations.
• Sea level rise, storm impacts, and costly insurance are concerns for coastal
• [...]

 

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

• Inventory up 29% (171 vs 133 last year). 
• Sales volume up 30% (Record 264 vs 203 last year). 
• Top sale: $22,750,000, 835 Sea View Avenue, Osterville. 
• Strong demand focused at the $2-4mm range. 
• Sea level rise and storm impacts are increasing concerns for coastal properties. 
• As usual special properties, expertly presented, reaching out to a broad market with a strong value proposition, will have a competitive
• [...]

Explore exclusive insights into Cape Cod's high-end real estate market in the first quarter of 2024. Discover trends, top sales, and inventory dynamics, providing valuable analysis for buyers and sellers.

Explore exclusive insights into Cape Cod's high-end real estate market in the first quarter of 2024. Discover trends, top sales, and inventory dynamics, providing valuable analysis for buyers and sellers.

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

• Inventory up 6% (133 vs record low 125 last year).
• Sales volume down 13% (203 vs 234 last year).
• Top sale: $15,100,000. 959 SeaView Ave, Osterville.
• Cape Cods high-end market continues to perform strongly despite low inventories, negative
  economic factors, and diminishing COVID-driven
[...]

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
• [...]

Market Highlights

HIGH-END $2,000,000+ MARKETS HIGHLIGHTS

• Inventory up 26% (203 vs 161 last year).
• Sales volume down 30% (78 vs 112 last year).
• Top sale: $12,200,000, 209 Bay St, Osterville.
• Cape Cods high-end market inventory continues to improve.
• COVID-driven demand is slacking while rising inflation, interest rates, and global uncertainty remain
[...]