January 2014

In the last year, Maines high-end real estate market showed some improvement over the previous year. In select markets around the country (such as Marin County, Miami, the Hamptons, and in-town Boston), the upper end of the market has made a solid recovery. While we havent seen such a dramatic reversal here yet, were optimistic [...]

Active Listings & Sales, $2,000,000+, Q1-Q3, 2000-2013

In Middlesex County, Massachusetts, in the first three quarters of 2013 the inventory of high-end listings grew to 183 compared 146 at the end of the third quarter in 2012. This is also above the first three quarters average since 2000 of 147 listings. 21 of these listings are above [...]

Active Listings and Sales, $2,000,000+, Q1-Q3, 2000-2013

On Cape Cod, the inventory of high-end listings at the end of the third quarter remains high with 251 listings compared to 211 in 2009 and an all time high of 257 in 2012. While most of the listings (155 of 251 or 62%) are in the $2-3,000,000 range, there are 42 listings above $4 [...]

Were seeing more activity at the top end of the real estate market as we make our way into the fall season, with more inquiries, more showings, and more offers. Sales statistics for the market above $800,000 show that there have been slightly more sales to date than there were at this time last year; sales above $1,000,000 are slightly down [...]

It has been a challenging real estate market for the high end over these past five years, but it seems increasingly likely that 2012 was the bottom of the market, and 2013 will be the leading edge of the [...]

2012 was a year of exceptional activity in the luxury real estate market in New England due to a combination of pent-up demand, price reductions, low interest rates, and concern about changes in capital gains [...]

MIDCOAST MAINE REAL ESTATE REPORT, MARCH 2013

We have begun the new year with a renewed feeling of optimism about the high-end real estate market in Maine. A slight increase in sales statewide, some robust activity in select regions, and a shift in media commentary all have us feeling more positive about the direction of real estate on the [...]

Market Highlights

• Record number of high-end $2,000,000 + sales, up 84% from 2011 and 4.5% above the peak in 2007
• Cape Cod record sale of 17 Indian Trail in Osterville at $19,500,000. Overall the number of $5,000,000+ sales was about the same as last year.
• Inventories are shrinking slowly, but still represent 2 years of absorption and 3 years at the $5,000,000+
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MARKET HIGHLIGHTS

• Record number of high-end $2,000,000+ sales, up 65% from 2011 and more than twice the number of sales in 2009.
• Record sale on Fairhaven Hill in Concord at $8,600,000. 74% of high-end sales $2,000,000 to $3,000,000; 5% of sales above $5,000,000.
• Inventories are healthy at all levels relative to sales.
• Strong performance in other high-end markets across New England suggests a return to a more balanced market, driven by significant price adjustments and pent-up
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