The ninth annual Martha’s Vineyard Real Estate Yearbook, which provides a comprehensive look at the past year in Island real estate sales, is now available.
The ninth annual Martha’s Vineyard Real Estate Yearbook, which provides a comprehensive look at the past year in Island real estate sales, is now available.
Published by the Vineyard Gazette Media Group in partnership with LINK, the Island’s multiple listing service, the newly redesigned magazine provides details on each of the 507 properties that changed hands in 2019, by town and neighborhood. The Yearbook also includes charts showing five-year sales trends and other valuable resource information for people who are thinking about buying or selling on the island.
Although there were fewer single and multifamily homes sold on the Island last year, the average selling price was up 33 per cent, to $1.7 million, and the median selling price increased to $875,000, a nine per cent jump, the data shows.
Real estate activity was strongest in Edgartown, where 117 single-family homes were sold during the year with a total value of $309 million. Oak Bluffs followed with 89 homes sold, with an aggregate value of nearly $90 million.
The yearbook was edited by Nicole Mercier and designed by Jared Maciel.
Copies are available free at various newsstands around the Island and can be ordered for the price of postage at vineyardgazettestore.com.
Comments
33% increase in average
Blythe OB33% increase in average selling price is good news for current owners who are interested in selling, but if I were a buyer, I’d be terrified this is an inflated bubble market that will pop. The home prices are bound to level out or drop.
If I may, the industry goes
SplitRockRE West TisburyIf I may, the industry goes by the median price rather than the average price, so 9% is not a bubble although, and for obvious reasons, it is a spike. What is unique is that there is still a shortage of inventory because for every property that goes to contact another property comes onto the market. The door is swinging both ways, and I find that interesting.
So many people wish that they
OB, MVY , PLS/TCI Oak BluffsSo many people wish that they had purchased years ago. And many are selling to buy another island home . Waiting for prices to drop, ( if that ever happens) means that enjoyment is postponed. Don’t let delay, disrupt your dreams. I am so grateful for my time here and particularly the resulting friendships which have developed during every year of my life on this beautiful island. That is priceless .
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