On Cape Cod, the inventory of high-end listings at the end of the third quarter remains high with 251 listings compared to 211 in 2009 and an all time high of 257 in 2012. While most of the listings (155 of 251 or 62%) are in the $2-3,000,000 range, there are 42 listings above $4 [...]
LandVest is excited and encouraged to see the luxury fall Real Estate Market picked up considerably. The Warren Report has noted a number of towns that are particularly "hot". If you are interested in Real Estate in any of these hot markets you may encounter bidding wars or the property is already under agreement.
Were seeing more activity at the top end of the real estate market as we make our way into the fall season, with more inquiries, more showings, and more offers. Sales statistics for the market above $800,000 show that there have been slightly more sales to date than there were at this time last year; sales above $1,000,000 are slightly down [...]
Terry Sortwell in our Camden, Maine real estate office offers his perspective on a recent Economist piece.
This graph representing the economic policy uncertainty index appears in an article in the latest Economist magazine. Historically, when the uncertainty index has been below the average of 100, we have had a strong real estate market at the upper end--i.e., 1992 to 2000; 2002; and 2003 to [...]
The Cape Cod High-End market (sales at $2,000,000+) started the year at a crawl, prompting speculation that the record performance of 2012 had been driven by temporary capital gains fears. In the first quarter of 2013, there were only 6 sales compared to 14 in 2012. However, in the second quarter, through Memorial Day, the market has [...]
It has been a challenging real estate market for the high end over these past five years, but it seems increasingly likely that 2012 was the bottom of the market, and 2013 will be the leading edge of 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 [...]
MIDCOAST MAINE REAL ESTATE REPORT, MARCH 2013
We have begun the new year with a renewed feeling of optimism about the high-end real estate market in Maine. A slight increase in sales statewide, some robust activity in select regions, and a shift in media commentary all have us feeling more positive about the direction of real estate on the [...]
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