February Market Statistics ~ Martha's Vineyard

By
Real Estate Agent with Sandpiper Realty, Inc.
Following is Sandpiper's standard Market Report for the month of February for the island of Martha's Vineyard.
Note that both sales volume and median have declined from January - 33% and 46% respectively.

The vast majority of the current buyer activity remains well under $1.0 with 23 of the 27 sales pending
in that lower price range. We attribute the activity in this area to the fact that listing prices have dropped
considerably; there have also been several foreclosures and short sales at this price point.

Current available inventory is well over 600 and we anticipate a substantial increase in this number as 
spring listings are brought to the market.

Obviously, we are looking forward to the increased activity that the spring season will bring to the island.
PRICE# SOLD
Under $1.0M10
$1.0M - $3.0M1
Over $3.0M1

TOWN # SOLD
Aquinnah 0
Chilmark 1
Edgartown 3
Oak Bluffs 4
West Tisbury 2
Vineyard Haven 2

 SOLD UNIT COMPARISON

  2009 2008
January 18 31
February 12 19

SOLD DOLLAR VOLUME COMPARISON

  2009 2008
January 778,000 773,000
February 419,000 580,000

 

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