The Vineyard Gazette this week announced the publication of its second annual Martha’s Vineyard Real Estate Yearbook, a free resource guide for anyone interested in buying or selling property on the Island. Published in partnership with LINK, the primary multiple listing service for Martha’s Vineyard, the yearbook provides a comprehensive look at property transactions by town and neighborhood over a 12-month period that ended April 30, 2013. The yearbook also includes an analysis of real estate trends, and information about purchasing property on the Island.

Edgartown selectmen Monday rejected a bid to buy the Warren House, a rundown town-owned former captain’s house on North Water street.

After a discussion in executive session with town counsel Ronald H. Rappaport, the selectmen said the bid by a group including Edgartown businesswoman Maggie White was too low. The board voted to put the house advertisement back in the central registry with a minimum bid of $2.3 million.

The Warren House, the rundown North Water street house owned by the town of Edgartown, finally has a bidder.

A group including Maggie White, the owner of Hob Knob Inn as well as construction and realty companies, submitted a two-option bid to restore the home into a single family residence early this week.

One bid would pay the town $1 million plus 40 per cent of the profits made from selling the house. A second offer would pay the town $1.25 million in cash.

The selectmen opted to take the bid under advisement and discuss it further at their June 17 meeting.