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
[...]

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.