LandVest is excited and encouraged to see the luxury fall Real Estate Market picked up considerably. The Warren Report has noted a number of towns that are particularly “hot”. If you are interested in Real Estate in any of these “hot” markets you may encounter bidding wars or the property is already under agreement.
“HOT” TOWNS NOTED IN WARREN REPORT
Andover, 80% increase*
Ipswich, 16.7% increase*
Beverly, 31% increase*
Bourne, 133.3% increase*
Gloucester 200% increase*
Manchester and Beverly – The North Shore has had a strong fall. Sales have virtually doubled since last year at this time. There were 4 sales above the 2 million mark in fall 2012 and there are 8 in fall 2013. LandVest leads the pack with the 3 highest sales to date this year, 2 in Manchester by the Sea and one in Beverly Cove. The inland market it heating up as well with full price offers and bidding wars on properties under 1 million dollars. Properties for sale on the North Shore
On Cape Cod the fall market for high-end $2,000,000+ properties surged last year with 22 sales in September compared to 14 sales in 2011. This year the fall market continues this strong performance with 21 sales. See the LandVest record sale this year in Bourne “MA1567”. Year to date there have been 64 sales, 68 in 2012, and 40 in 2011. Properties for sale in Cape Cod, MA
In Middlesex County, Massachusetts, the fall market for high-end $2,000,000+ properties more than doubled with 13 sales in September compared to 5 sales in 2012 and 2 sales in 2011. Year to date there have been 139 sales, 97 in 2012, and 73 in 2011. Contact regional expert Terry Maitland for additional information on properties in Middlesex county
If you are considering putting your property on the market and live in any of these MA towns, now may be a great time for you to list.
*List of the towns with the highest percentage of sales increases from 2012 to 2013 courtesy of the Warren Group. The report tracks the increases in single-family home sales in September from one year ago.