A Market Perspective
Published Nov 14, 2010
Without question the last two years have been a period of transition for the real estate economy. Confusing data, conflicting statistics, and the polticalization of the markets have left most perplexed and on the side lines.
Clearly the long term stability of real estate was disrupted after easy money and rampant speculation transformed real estate into a “the hot” asset class. Like all bubbles, tulips of 1637, or the “dot coms” of the 1990’s, bubbles are created when the masses flock to the asset class. They flock not for the fundamental value of the assets, or the assets usability, but for the desire for quick profits.
The inevitable market corrections are painful for many, but ultimately they create a stable floor and attract committed market participants purchasing assets for their intrinsic value. What are the intrinsic values of real estate that have always stood the test of time? A short list would certainly include aesthetics, scarcity, location, development quality, and undoubtedly comparative costs.
We are delighted that Oceanwood excels in all these metrics. The natural beauty of the Oceanwood lands is without question… pastures, ponds, pebble and sand beaches, bold granite ledges, protected harbors and of course crashing surf. The scarcity of ocean frontage, especially in tracts the size of Oceanwood is a statistical fact. The location is simply superlative, minutes from pristine Acadia National Park, near the traditional seaside village of Winter Harbor, yet less than 30 minutes to every convenience to be imagined. Oceanwood’s low density development plan with restrictive covenants, spacious conservation areas, and underground utilities will always assure a community of unequaled excellence.
Exceptional assets are never inexpensive. However a quick comparison of Oceanwood with similar properties in Cape Cod, the Connecticut Shore, or Bar Harbor will quickly substantiate Oceanwood as offering a clear value in the marketplace.
