MARKET REPORT: APRIL 2014
"How is the market?" Is the number one question we are asked as real estate agents on Martha's Vineyard. The answer is, of course, complex, with varying conditions from Aquinnah to Chappy. Our short answer for you is this monthly market snapshot that helps buyer clients by showing the level of activity each month. Hope you will find this information helpful and as always, your comments and questions are welcomed.
Numbers for April as we see them...
New Listings: 109
Pending Sales: 34
Inventory (as of April 1st): 484
Oak Bluffs: 109
Vineyard Haven: 102
West Tisbury: 61
Sold Units: 37 (+19%)
Sales Volume: $33,188,000 (+54%)
Median Sale Price: $650,000 (+55%)
Average Sale Price: $897,000 (+9%)
New listings are coming to the market daily this time of year, and I invite you to use me as a resource for connecting with your Martha's Vineyard vacation home. When you need more research for a property, are looking for a price analysis, or want to schedule showings for your next trip on-island, I'm happy to put it all together for you.