Its easy to understand why Paul and Bunny Mellon chose this site for their storied summer home. Situated on a bluff, overlooking Nantucket Sound, the southwesterly trade winds, gentle but constant, drive the tempo of the sea just beyond a protected barrier island. No doubt the Mellons selected this site for its sweeping views, privacy and seclusion.
HIGH-END $2,000,000+ MARKET HIGHLIGHTS
At the end of the third quarter, the inventory of high-end listings, active and pending, increased 6% to a record 450 listings compared to a record 423 last year.
We’ve long talked about a bimodal economy, the haves and the have-nots. Presently that wealth and income gap is widening faster than ever, and it is unsustainable.
LandVest | Christie’s International Real Estate is pleased to announce the record-breaking sale of 48 Witchwood Lane in Edgartown, which closed at $37.5 million, setting a new benchmark for the highest recorded residential sale in Martha’s Vineyard.
The landmark transaction, alongside the closing of 81 South Water Street at $17.25 [...]
At the end of the second quarter, the high-end inventory of listings, active and pending, was up by 21% to a record318 listings compared to 263 last year and the previous record of 271 listings in 2016.
Last quarter, I introduced the LandVest Economic Index, as a measure of how well our economy was performing. The index is a scaled measure of unemployment, GDP growth, and inflation. I plotted the index against the University of Michigans survey on consumer sentiment and found that at the end of this year's firstquarter,
More Homes For Sale, But Location Matters
An eventful first half of 2025 is in the books, and weve seen U.S. housing inventory continue to climb towards pre-pandemic levels. The current number of houses for sale trails 2017-19 levels by about 11% but its grown, year over year, for 20 consecutive [...]
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