Market Conditions Year-to-Date

Market Snapshot

2014-2015 % Change
Avg. Sale Price:  $  1,492,000 48.76%
Median Sale Price:   $  580,000 11.48%
Avg. Sale to Assessed:  123.58% 3%
Total Properties Sold:  81 1.25%
Total dollar sales: $120,815,000 50.62%
ALL SALES HOUSES LAND COMMERCIAL ALL PRICES SHOWN IN (000’S)

A Summary of Year-to-Date Sales of Martha’s Vineyard Real Estate  by Month for 2014

2015 2014 2015 2014 2015 2014

# of Sales

# of Sales

Avg Sale Price 

Avg Sale Price 

Dollar Volume 

Dollar Volume 

January

41 

52

$975,000

 $ 1,044,000 

$39,994,000

 $ 54,311,000

Feburary

40 

28

$2,021,000

 $    925,000

$80,821,000

 $ 25,899,000

YTD

81

80

 $ 1,492,000     

 $975,000    

$120,815,000

 $80,210,000


If you are in the market for discovering the perfect summer vacation home on the Eastern seaboard, then look no further than a Martha’s Vineyard real estate listing. When you look at a home for sale on Martha’s vineyard you will be swept away by the beauty of this island getaway. The residential homes represent a combination of early colonial buildings, cottages, sprawling Victorians, contemporary houses, and the mansions of whaling captains.

Over the past few years Martha’s Vineyard real estate prices have been on the rise. Reports suggest that on average a ranch in need of renovation that is sitting on a 10,000 square foot lot will sell for around $600,000. Conversely, a three bedroom, three bathroom Vineyard Haven subdivision will list for an average of $800,000. If you are in the luxury real estate market, then it is best to head over to the Edgartown’s South Beach areas where condominiums are priced starting at the $550,000 range. However, this type of luxury home is still in the shadow of Chilmark, the island town that is known for secluded mansion and beautiful ocean views. Martha’s Vineyard Real Estate statistics show that the average prices of homes in this exclusive area hover around $2,000,000.

Purchasing a home in Martha’s Vineyard offers a number of seasonal benefits to home owners. A few of the amazing benefits include:

  • Access to beautiful beaches.
  • An abundance of parks, bike paths, hiking trails, picnic areas, and other wildlife viewing opportunities.
  • Fantastic boating adventures, including fishing and catching local lobsters.
  • Summer camps for children of all ages.
  • A tight sense of community.
  • A vacation home that will soon become your luxury “home away from home” for the wonderful summer months.

To find your perfect dream home and to learn about the current Martha’s Vineyard real estate trends, we invite you to contact us today. We would be happy to answer any and all of your Martha’s Vineyard real estate questions.

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About emmamv

I am an exclusive buyers agent working and living on the beautiful Island Of Martha's Vineyard. I am a REALTOR® (member of National Association of Realtors), a member of the National Association of Exclusive Buyer Agents. I help people fulfil their dreams of buying a home on Martha's Vineyard. I don't sell homes, I help people buy a home.
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