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 [...]

Market Highlights

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

• Inventory down 16% (162 vs 193 last year).
• Sales volume up 93% (Record 226 vs record 117 last year).
• Top Sale: $20,000,000, 187 Penzance Road, Woods Hole.
• Cape Cods high-end market lagged thru the Q2 and exploded in the second half.
• COVID-19 increased demand for special "refuge" properties, but buyers struggled with reduced inventory and premium
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The word of the year for 2020 should be unprecedented. On Marthas Vineyard, a year of unprecedented challenges finished on quite the record: for the first time, real estate sales on the island passed the $1 billion threshold. [...]

Market Trends

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

Sales volumes increased by 4% compared to 2018 (1,679 vs 1,611 sales). Compared to 2006 (861 sales), our baseline year, sales are up 95%, and have recovered substantially from a bottom of 534 sales in 2009. High-end markets continue their strong recovery, but buyers are [...]

This jewel of an island off Cape Cod has become a go-to for First Families during and after their stays in the White House. Currently, our Marthas Vineyard team has Jacqueline Kennedy Onassiss waterfront estate on the market. [...]