MULTI-MILLION DOLLAR PROPERTIES Answer: A tremendous demand for high-priced waterfront homes.These residences don’t even have to be beautifully elegant--the unattractive is expendable. Prime location is the great motivator. During the past year, sales of multi- million dollar-plus homes on Cape Cod increased dramatically, and demand is still high. But while homes representative of the entire market spectrum have appreciated over the past few years, the demand for waterfront properties is surging ahead. As always, the response to the law of supply and demand is axiomatic--prices are driven up. On the Cape, for example, homes that sold in the $600,000-$700,000 price range four or five years ago now present themselves to the market with million dollar-plus price tags. And with large amounts of money available, people are attracted to Cape Cod real estate. Prospective buyers, many with fat Wall street pocketbooks, are anxious to purchase waterfront homes for investment as well as for pleasure. These days, high-end listings are now a commodity at a premium. American Heritage Realty dominates the waterfront/waterview market, and, whether buying or selling, welcomes the opportunity to assist you. AMERICAN HERITAGE REALTY SUPPORTS THE INTERFAITH COUNCIL FOR THE HOMELESS americanheritagerealty.com 508-255-2202 |
Question:
What happens when buyers with wherewithal step up to the plate to purchase desirably located properties?
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