LandVest Corporate Headquarters: Ten Post Office Square, Boston, MA 02109     Phone:(617) 723-1800
 
Apr
19
LandVest Tracks High-End Real Estate Sales with Publication of Second Annual Index
By LandVest
 

LandVest, an exclusively high-end focused real estate firm based in New England, affiliated with Christie’s International Real Estate, announces the second annual publication of the LandVest Index. The LandVest Index tracks high-end $2,000,000 plus real estate sales in Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, and the Adirondack region of New York. For 2011, high-end sales across LandVest’s territories were stable compared to last year (2% reduction, 588 vs 598 sales).

2011 marked a year of stabilization in the luxury real estate market in New England. Sales have recovered from the extremely weak levels of 2009, but remain well below the boom year of 2007. Compared to the peak of 840 sales in 2007, sales in 2011 were down 30%; however, they have recovered substantially from a bottom of 442 sales in 2009. More detailed market reports including long-term trends in listings, sales, and average and top sales prices, and days on market are being developed and are currently available for Cape Cod (see Cape Cod Market Perspective) and Middlesex County, Massachusetts (see Middlesex, MA Real Estate Market Report).

Stewart Young, LandVest’s Regional Manager for Cape Cod, also active in the western suburbs of Boston, compiles the LandVest Index. According to Young, “ The market is in a much better place. In 2011, the inventory of active listings started to contract leaving a ratio of sales to listings more typical of pre-bubble years and suggesting a more balanced market for 2012”.

Ruth Kennedy Sudduth, LandVest’s Managing Director of Residential Brokerage, observed that the numbers mask a tremendous change in tone for the positive over the last year. “Sellers and buyers have both become far more realistic. Sellers know that the market is back to levels of a decade ago and buyers are seeing that as a tremendous opportunity to pick up landmark properties at superb values.” She noted a second trend, of well-heeled purchasers using debt to finance their purchases. “With interest rates at historic lows, and growing interest in real assets, buyers are borrowing to finance real estate purchases in order to hedge against potential inflation in the future.”

LandVest, founded in 1968, and headquartered in Boston, Massachusetts, is a leading brokerage firm for luxury real estate across New England. The firm provides advisory, brokerage, and timberland services.  Exclusive affiliate of Christie’s International Real Estate, LandVest enjoys global reach through their affiliation with the global fine art auction house and their private network of high end real estate associates. Recent major transactions include:

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Apr
17
LandVest Announces Two New Beacon Hill Properties in Boston
By LandVest
 

LandVest is Pleased to Announce Two New Properties in Boston’s Beacon Hill Neighborhood

The properties are located on two of the most sought after streets on Beacon Hill:
Mt. Vernon Street and Chestnut Street. A single family and a condominium, each ready for your cosmetic renovation and customization.

Sun-filled town house on Chestnut Street in Boston’s Beacon Hill
was built in 1829 by Cornelius Coolidge.

For more information, contact Terrence Maitland

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Penthouse condominium on Mt. Vernon Street in Beacon Hill
has an abundance of natural light and panoramic city views.

For more information, contact Mary-Elisabeth Jones

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Apr
9
Rare Maine Real Estate: Menikoe Point, Falmouth Foreside, Maine
By LandVest
 

Menikoe Point: LandVest Announces
a Rare Maine Oceanfront Compound

Menikoe Point - a majestic and private oceanfront estate with
panoramic views over Casco Bay and the Atlantic Ocean

Menikoe Point, circa 1870-1900, is a majestic oceanfront compound sited on 10.00± acres with 2,400± feet along Casco Bay and the Atlantic Ocean.  The historic residence presents a waterfront oasis in a park-like setting of mature trees, flowering shrubs and formal gardens.  A separate two-bedroom guest house, deepwater dock, float and mooring is on offer.  The early gardens of Margaret Payson’s “Heron House” were designed by cousin Ellen Louise Payson, with the guest house and refinements to the residence by Architect John Calvin Stevens.  The residence offers elegant light-filled living spaces for gracious entertainment, spectacular ocean views, and a private cloister surrounded by nature’s beauty.

Loggia entry to great lawn

Seaside terrace and gardens

•The coveted Menikoe Point neighborhood is minutes from the Portland Country Club, the Portland Yacht Club, the cultural, business and transportation amenities of Portland.

• Falmouth Foreside is serviced by the Portland International Jetport and Boston’s Logan International is 115 miles by auto and rail.

Falmouth Foreside, settled in the 1600s and incorporated in 1718, is among Maine’s oldest maritime communities.  The Foreside is a neighborhood of established waterfront estates on Casco Bay and the Atlantic Ocean, many dating from the 19th century.

Historic Portland supports a dynamic arts community, including the Portland Museum of Art, symphony, ballet, theatre and popular entertainment venues.  Fine dining, artisan bakeries and merchant offerings enhance the quality of life for the residents.

LandVest brokered the transition to the current owner/stewards 25 years ago.  The estate enjoys beautiful restoration and attention.

For further information, or to visit this property, please contact William Davisson in the LandVest Portland office at 207-228-0170 or at wdavisson@landvest.com.

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