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
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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 [...]

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.

MARKET TRENDS

Our 2020 LandVest Index reported an unprecedented explosion in sales of luxury properties across New England and the Adirondacks. The imperatives for refuge and a new sense of life and work balance continue to drive the market into the second quarter of 2021. With low inventory and high demand, buyers need brokers who have their fingers on [...]

We are pleased to be introducing our new website in January 2021. Back in the early 90s, LandVest launched one of New Englands first real estate firm websites. Since then, we have remained committed to being on the cutting edge of technology. Our newest website once again sets the bar for the real estate [...]

Have you had a go-to local shop where youve found your holiday gifts in years past? If you cant get to a store in-person, there are still ways to support the small businesses in your town or towns like yours. One of the busiest shopping times this year kicks off with Black Friday, but continues on the next day with [...]

For the people in your life who like to stay active and engaged in the great outdoors, find a home that suits their lifestyle.

For the Athlete

In the winter, you can cross-country ski across the acres of fields from 712 Monument Street. In the summer, tie up your canoe or kayak down along the banks of the Concord River.

At the classic shingle-style [...]

Market Trends

High-End Sales Volume % Change, Year-to-Year

Sales volumes increased by 10% compared to 2017 (1,611 vs 1,470 sales). Compared to 2016 (861 sales), our baseline year, sales are up 87%, and have recovered substantially from a bottom of 534 sales in 2009. High-end markets continue their strong recovery, but buyers are [...]