Following is our standard monthly transaction summary for December 2008 along with a month to month unit comparison for sales from 2005 through 2008 for all property sales on Martha's Vineyard.
The year ended on a positive note as December 2008 sales were up from November 2008 as well as from December of the previous year. However, at year-end the decline from 2007 was dramatic - the number of sold properties on the Island was down approximately 17% and total dollar volume decreased approximately 30%.
As we end a year of great instability and move into a new year with a new administration, we hope that the change brings more positive results.
MARTHA'S VINEYARD SALES - DECEMBER 2008
| DECEMBER 2008 TRANSFER INDEX |
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| SUMMARY OF ARMS-LENGTH SALES |
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| |
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| |
|
Total # of Sales |
|
# of Sales under $1.0 |
|
# of Sales $1.0-$3.0 |
|
# of Sales over $3.0 |
| |
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| Aquinnah |
|
1 |
|
1 |
|
0 |
|
0 |
| |
|
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|
|
|
|
|
|
| Chilmark |
|
0 |
|
0 |
|
0 |
|
0 |
| |
|
|
|
|
|
|
|
|
| Edgartown |
|
11 |
|
5 |
|
4 |
|
2 |
| |
|
|
|
|
|
|
|
|
| Oak Bluffs |
|
8 |
|
7 |
|
1 |
|
0 |
| |
|
|
|
|
|
|
|
|
| Vineyard Haven |
|
4 |
|
4 |
|
0 |
|
0 |
| |
|
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|
|
|
|
|
|
| West Tisbury |
|
3 |
|
3 |
|
0 |
|
0 |
| |
|
|
|
|
|
|
|
|
| |
|
27 |
|
20 |
|
5 |
|
2 |
| |
|
|
|
|
|
|
|
|
| November 2008 |
|
26 |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Increase/Decrease |
|
+1 |
|
|
|
|
|
|
| |
|
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|
|
|
|
|
|
| December 2007 |
|
24 |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Increase/Decrease |
|
+3 |
|
|
|
|
|
|
MARTHA'S VINEYARD REAL ESTATE 2005 - 2008
|
|
2005
|
2006
|
2007
|
2008
|
|
JANUARY
|
34
|
34
|
40
|
33
|
|
FEBRUARY
|
31
|
17
|
29
|
20
|
|
MARCH
|
38
|
33
|
33
|
24
|
|
APRIL
|
56
|
41
|
42
|
23
|
|
MAY
|
44
|
32
|
30
|
23
|
|
JUNE
|
57
|
46
|
29
|
36
|
|
JULY
|
45
|
22
|
20
|
23
|
|
AUGUST
|
45
|
37
|
33
|
24
|
|
SEPTEMBER
|
62
|
52
|
40
|
35
|
|
OCTOBER
|
63
|
38
|
33
|
32
|
|
NOVEMBER
|
48
|
38
|
41
|
26
|
|
DECEMBER
|
41
|
33
|
24
|
27
|
|
|
564
|
423
|
394
|
326
|
;)
;)
