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
[...]

 

For generations, families have flocked to Cape Cod to take advantage of the gorgeous scenery, sandy beaches, and coastal lifestyle. Last year, between May and September, over 2.5 million people visited the Cape Cod National Seashore. The Cape has long been an escape from city life a chance to slow down and relax.

 

In the latest episode of LandVests [...]

Market Highlights

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

• Inventory up 59% (153 vs 96 last year).
• Sales volume down 24% (34 vs record 45 last year).
• Top sale: $12,200,000, 209 Bay St, Osterville.
• Cape Cods high-end market is struggling with record low inventories. 
• COVID-driven demand is slacking while rising inflation, interest rates, and global uncertainty remain
[...]

Stewart Young, LandVest's Regional Director on Cape Cod and in Boston's western suburbs, compiles the LandVest Index which tracks sales of high-end properties across New England and the Adirondacks.

A rare treat for New Englanders, viewers of Thursday nights Chronicle got an insiders' tour of a property unlike any other: The Tiffany Ayer Mansion. Located in Bostons Back Bay, it is the only remaining residence in the world completely designed by Louis Comfort Tiffany. 

https://youtu.be/dw-XdGp9mdQ

Charlie Reed of CNW Capital [...]

Market Highlights

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

• Inventory up 22% (171 vs 140 last year).
• Sales up 8% (Record 645 vs record 597 last year).
• Top Sale: $12,500,000, 10 Channing Street, Cambridge.
• Middlesex Countys high-end market continues to perform at record levels with strong demand and improving inventories.
• Suburban refuge, home-work balance, and underlying demographics remain important market factors resulting in competitive bidding and record low days on
[...]