The New England Luxury Real Estate Report is an annual review of select high-end markets in Maine, Massachusetts, New Hampshire, Vermont, and the Adirondacks. Commentary and insights are provided by Luxury Real Estate Brokers at LandVest.
LandVests Institutional Land Group had another remarkable year finishing 2024 with $1 Billion in sales on 445,000 acres in 15 states and 3 countries ($2,225 per acre). This compares with last years performance of $775 million on 279,000 acres across 20 states.
Stewart Young, a LandVest | Christie's International Real Estate Principal focusing on Cape Cod, the South Coast, and Boston's western suburbs, compiles the LandVest Index which tracks sales of high-end properties across New England and the Adirondacks.
2023 Year in Review
LandVest had another productive year in 2023, closing nearly $800 million in sales within ourInstitutional Land Group. We represented our clients across 19 states transacting almost 280,000 acres of land. The market was mixed across sectors with strong demand [...]
LandVest had another productive year in 2023, closing nearly $800 million in sales within our Institutional Land Group. We represented our clients across 19 states transacting almost 280,000 acres of land. The market was mixed in 2023 across sectors with strong demand for scaled institutional forestland portfolios, while the market for retail and mid-sized land properties softened.
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.
LandVests Timberland Marketing group, with over $1.4 billion in closed transactions, had a record year. The year witnessed growing demand for forestland investments across all US regions, continuing the trend observed over the past two years. This demand was coupled with a limited supply of available investment [...]
Stewart Young, LandVests Regional Director on Cape Cod and in Bostons western suburbs, compiles the LandVest Index. According to Young: In 2021, the COVID-driven desire for refuge and a work-at-home lifestyle, strong financial markets, wealthy millennials, and improving rural internet continued to drive the market
A year ago at this time, we were optimistic about the direction of the land markets. We predicted the continuance of a strong but slightly softening market for retail tracts and an increase in demand for institutional-grade forestland. 2021 did not [...]
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