The luxury, coastal New England housing market has experienced solid growth over the second quarter of 2016 and promises strong market sales for the coming months. Waterfront views, mild weather, pristine shorelines, boutique shopping and growth in commercial and retail continue to drive a variety of homebuyers to the waterfront regions of New England.
First-time and move-up buyers are fueling the overall market. The New England luxury, coastal market attracts those looking to start a family, purchase a vacation home or settle into retirement close to the water. In some specific regions, such as Cape Cod, investors and home “flippers” are dominating a share of the market, making competition fierce and demand high. Specifically along the north and south shores of Boston, a rise in job opportunities and numerous transportation options have caused an upswing in real estate demand. Coastal Maine and New Hampshire, along with the Lake Winnipesaukee region, continue to show strong signs of growth, as demand for waterfront homes continues to grow.