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
• [...]

LandVest closed some of the biggest real estate deals in New England last year. Among the many high-end transactions handled by our team in 2024, several properties sold as the highest-priced home in their respective markets during the entire year.

 

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
• [...]

LandVests Institutional Land Group had another remarkable year finishing 2024 with $1 Billion in sales on 445,000 acres in 15 states and 3 countries ($2,225 per acre). This compares with last years performance of $775 million on 279,000 acres across 20 states.

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 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.

LandVest is pleased to announce that David Speirs has assumed the role of Vice President, Land Transactions and Resource Consulting.

 

 

MARKET UPDATE

A year ago at this time, we were optimistic about the direction of the land markets. We predicted the continuance of a strong but slightly softening market for retail tracts and an increase in demand for institutional-grade forestland. 2021 did not [...]