Most of us love snow and the winter season. It is a great time to get cozy by a fire, go skiing or enjoy the beauty of the outdoors. However, this year, especially compared to last year's "snowpocolypse", this has been a fairly warm season. But who is really complaining? Not many of those in the market for luxury real estate on Cape Cod.
While sales in Cape Cod for 2011 were slightly down compared to the previous year higher price points (luxury real estate, land, etc) performed well. 15 listings over $1 million have seen their status go under agreement already this year on Cape Cod.
The mild winter has accelerated the interest in Cape Cod homes and especially luxury homes with waterfront access. As the economy turns in the right direction the hope for buyers is that their recently purchased Cape Cod properties will go up even more in value.
It is quite interesting that weather can have such an impact on the total volume of real estate sales and for which type of homes these inevitably are. There are many unique estates to be had in Cape Cod and just the notion of weather gives one reason to believe that other coastal areas around Boston may also have been producing real estate transactions in a similar fashion. The weather has been warm, and all indications point to the high-end market continuing to be hot.
More Information: Boston Herald