Home sales are lagging. Although economists (as did I) predicted around 4.60 million existing home sales for 2024, that number is now expected to end the year at 3.84 million units [according to NAR September report]. This represents a 6.1% decline from 2023, which was already the worst year we had seen since 1995. Bear in mind that the US [...]

Two Hands

By Ruth Kennedy Sudduth, Principal and Vice Chair of LandVest's Board of Directors, Director of LandVests Fiduciary and Family Office Consultancy

LandVest's President, Joseph Taggart, shares his expertise on the housing shortage in the US and the attempt to accommodate the newest generation of buyers.

Entering an Era of Change

Camden and the Midcoast have quieted down after the holidays but theres lots of ongoing winter activity.

The National Toboggan Championships, held February 3 and 4 at the Camden Snow Bowl, were a great success with over 400 toboggans entered, clear weather, and favorable ice conditions; the town was packed and [...]

Stewart Young, a LandVest | Christie's International Real Estate Principal focusing on Cape Cod, the South Coast, and Boston's western suburbs, compiles the LandVest Index which tracks sales of high-end properties across New England and the Adirondacks.

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
[...]

LandVest's President Joseph Taggart provides his expert insight on forecasting residential home sales as we head into 2024.

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
• [...]