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
[...]

As if in slumber, Stonecrop Ledge has stood, timeless, at the edge of the village of Middlebury. Its windows, long shuttered, clapboards in much need of paint and its crumbling stone walls, might suggest a story ended. But for Randall and Kathleen Brisson, and indeed for the house itself, this is a tale not finished but merely paused. 

January 2024 Buyer & Seller Activity Survey: Optimism Defines the First Expert Survey of 2024

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

The age-old dilemma: Should you buy, or should you hold off? Should you sell, or should you wait?

Vermont's real estate market is changing. Sales of homes over $1 million decreased in 2023 by 6.5% compared to the peak the year before. Buyers placed a bigger discount on homes that needed work due to high building costs and a shortage of [...]

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
• [...]

Last quarter we addressed the crosscurrents in the real estate market: tight inventory, sellers frozen in place by their existing low mortgages, buyers still searching for the life they want, millennials continuing to come into the market.

Now the tide is turning:  The high water of the COVID-era seller's market is retreating.  The ebb tide is leaving fewer buyers in the waters and sellers more exposed to navigational [...]

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
• [...]