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
[...]

Early this year we talked about one truth and three themes: 

One Truth: When there isnt a structural imbalance, real estate follows wealth and employment.

Three Themes:

1. Tight supply
2. Increasing demand from underlying demographics
3. Prices are still high

Where are we now?

The luxury market feels solid, but trendless, best described as experiencing [...]

Market Highlights

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

• Inventory up 90% (312 vs 164 last year).
• Sales down 21% (79 vs record 100 last year). For the first time in 20 quarters, sales fell compared to the previous year.
• Top Sale: $8,667,000, 69 Scotch Pine Rd, Weston.
• Elevated inflation, interest rates, and global uncertainty remain a concern for
[...]

Forestland markets have changed substantially in the past 18-24 months, perhaps more rapidly than at any other time in recent history. Throughout the pandemic (March 2020 onwards), we saw a substantial increase in transaction activity.

One Truth: When there isn't a structural imbalance, real estate follows wealth and employment.

Three Themes:

1. Tight supply
2. Increasing demand from underlying demographics
3. Prices are still high

Is There a Structural Imbalance in Real Estate Currently?

If there is any structural imbalance, it is persistent lack of supply, not speculative [...]

 

2022 Was a Record Year

LandVests Timberland Marketing group, with over $1.4 billion in closed transactions, had a record year. The year witnessed growing demand for forestland investments across all US regions, continuing the trend observed over the past two years. This demand was coupled with a limited supply of available investment [...]

The implications of the statewide ballot initiative imposing a surcharge on Massachusetts incomes above $1 million are rippling across markets.

It is an honor for LandVest to partner with other leaders in the high-net-worth advisory space to help our clients navigate change.  Together with two experts, [...]

Market Highlights

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

• Inventory down 3% (174 vs 180 last year).
• Sales volume up 11% (171 record vs record 154 last year).
• Top sale: $18,500,000, 159 Main Street, Osterville.
• Cape Cods high-end market continues to perform at record levels.
• Rising inflation, interest rates, and global uncertainty are an increasing concern and buyers are pushing back on COVID premium
[...]

Market Highlights

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

• Inventory down 8% (161 vs 175 last year).
• Sales volume down 3% (112 vs record 116 last year).
• Top sale: $13,750,000 - 198 & 227 Bridge St, Osterville
• Cape Cods high-end market is struggling with record low inventories.
• COVID-driven demand remains a factor in the market but rising inflation, interest rates, and global uncertainly are a
[...]