- 2015 was a repeat of last year’s record for the high-end $2,000,000+ market with 93 sales vs 69 in 2013 and the previous record of 92 sales in 2012.
- Inventories grew to record levels with 232 listings at year-end vs 188 at the end of 2014.
- Barnstable is the high-end sales leader in 2015 with 26 sales, 12 in Osterville. Chatham followed with 18 sales.
- Pent-up demand has been fueling the market and turmoil in global stock markets makes U.S. real estate an increasingly attractive investment. Turnkey condition and value pricing are critical.
In 2015, there were high-end sales in 14 of the 15 Cape Cod towns. These towns include: Barnstable (26, 12 in Osterville), Bourne (1), Brewster (1), Chatham (18), Dennis (4), Falmouth (10), Harwich (6), Mashpee (6), Orleans (10), Provincetown (3), Sandwich (1), Truro (4), Wellfleet (2), and Yarmouth (1). Although the total sales were the same as last year, there were notable changes in some towns: Barnstable up 53%, Chatham down 22%, Falmouth down 41%, and Orleans up 33%.
The LandVest High-End Market Watch is a periodic review of select high-end markets in Maine, Massachusetts, New Hampshire, Vermont and the Adirondacks. Market data are collected from Multiple Listing Services and do not include private listings. LandVest makes no representation as to the accuracy of the data and therefore is not responsible for any actions taken as a result of use of or reliance on this information.
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