exclusive buyer agent: Martha's Vineyard is Not a Declining Market
- 01/19/09 06:17 AM
I was thinking about how this recession compares to the last one. The unemployment rate in Massachusetts was 9% in the early 90's, and today it is about 6%. We also had about three times as many properties on the market here on the Vineyard back in the early 90's. If you are sitting on the fence, knowing in your heart that this is your chance of a lifetime to own property on Martha's Vineyard, but reluctant to get into the game because you think the market will go down more, you may be right. But you may regret it. If this is really … (0 comments)
exclusive buyer agent: What is it going to take to get the Martha's Vineyard real estate market rolling again?
- 11/29/07 07:57 AM
There is one thing for sure, wishful thinking is not working. Neither is the constant stream of anemic price reductions week after week. How about those incentives and broker bonuses? You know what I'm talking about; the three-year old Range Rover in the driveway, the 24' sailboat, a 60" LCD TV, seller paid closing costs, seller paid Land Bank fee, first payment in six months, a vacation in the Bahamas or $50,000 to the agent that brings the buyer. None of that is working, and any additional compensation offered to an agent that brings the buyer should be considered a conflict … (0 comments)
exclusive buyer agent: Buying A Home On Martha’s Vineyard Should Be Fun
- 06/14/07 11:11 PM
House hunting on Martha's Vineyard can be fun, and I make sure it is fun. However, I find many buyers new to the market get caught up in things that are irrelevant while failing to consider what's really important. They may base their decision on a Japanese Maple tree in the front yard, the green granite counter tops in the kitchen, or the color of the carpeting in the living room. I believe it is my responsibility as an exclusive buyer representative to keep my buyer-clients focused on the big picture, even though some of that may be more sobering than … (0 comments)
exclusive buyer agent: All Real Estate Is Local, but that has not been the perception?
- 04/23/07 04:36 AM
In David Lereah's new book, "All Real Estate Is Local", he references the investment mistakes his Grandpa made by listening to the national news instead of paying attention to "local influences and activity" He goes on to say, "Whatever the national trends are with regard to real estate - whether they are booming or busting - what really matters is what the market conditions are in your region, town, or neighborhood." David Lereah is Senior Vice President and Chief Economist of the National Association of Realtors® (NAR). Starting in 2001 real estate speculation began picking up steam in certain areas of the … (0 comments)
exclusive buyer agent: Have We Seen the Last of Real Estate Markdowns?
- 01/03/07 05:21 AM
I realize the Boston market is not Martha's Vineyard, so the demographic ingredient of people moving out of Massachusetts doesn't affect our market. However, I think you will find the speculative forecasts given by three diverse professionals -- an economist, an architect and a real estate broker, to be interesting. (Click here to view >) Market continues a slow adjustment … (0 comments)
exclusive buyer agent: A Look Back at the Real Estate Market on Martha’s Vineyard.
- 01/03/07 05:18 AM
Now that 2006 is just a memory, and for some not a very pleasant memory, we look forward to what 2007 holds in store. Will it be more of the same or a better year for real estate and the economy? Employment still remains high and unemployment benefit claims have been stable for the last few months despite troubles in the manufacturing sector precipitated by the fall off in auto sales and the continued slow down in the housing market. Interest rates peaked midyear and appear to have settled as the Fed continues to hold steadfast in hopes of keeping inflation … (0 comments)
exclusive buyer agent: Martha’s Vineyard REALTOR® earns Resort & Second-home Property Specialist designation
- 01/03/07 05:01 AM
Peter C. Fyler, REALTOR® Broker/Owner of SplitRock Real Estate, LLC, and an Exclusive Buyer Agent with 20 years of fulltime experience in the Martha's Vineyard real estate market has earned the designation of Resort & Second-home Property Specialist. As one of the first 250 REALTOR® members nationally to earn the designation Peter is further distinguished as an RSPS Charter Member. A recent National Association of Realtors® survey concluded there are more than 140,000 REALTORS® currently working in resort and second-home markets, and the numbers keep growing at a time when investment property and vacation homes make up a significant portion of the … (1 comments)
SplitRock Real Estate, LLC - Exclusive Buyer Agents
Office: (508) 696-9009
Mobile: (508) 965-2726
The purpose of my Blog is to highlight information and relevant articles that could be educational to anyone interested in Martha's Vineyard real estate. I may also include topics pertaining to Nantucket, Cape Cod and the greater Boston area real estate markets.
I was thinking about how this recession compares to the last one. The unemployment rate in Massachusetts was 9% in the early 90's, and today it is about 6%. We also had about three times as many properties on the market here on the Vineyard back in the early 90's.
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