The High-End Wakes UP

All summer long I’ve been asked, “How’s the market?” I’ve answered, “Great, up to around $4M.”

But what began as a trickle in March, has now picked up steam, to the point where you could almost pronounce the high-end as “recovered”. I say “almost” because here we are, six long years since the collapse, and there are still plenty of back-country properties worth less than their owners paid in 2006 or 2007.

Nevertheless, here’s the good news:

17 sales of high-end, $7M+ properties (under contract or already closed, in the last six months).

Below, a stellar example…

List: Tamar Lurie

Sell: Marijane Bates-Hvolbeck

76 Winding Lane (close to town, off Lake Ave), $11.750M, now has deal.

76 Winding Lane (close to town, off Lake Ave), $11.750M, now has deal.