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 | ||||||||
| SUMMARY OF ARMS-LENGTH SALES | ||||||||
| Total # of Sales | # of Sales under $1.0 | # of Sales $1.0-$3.0 | # of Sales over $3.0 | |||||
| Aquinnah | 1 | 1 | 0 | 0 | ||||
| Chilmark | 0 | 0 | 0 | 0 | ||||
| Edgartown | 11 | 5 | 4 | 2 | ||||
| Oak Bluffs | 8 | 7 | 1 | 0 | ||||
| Vineyard Haven | 4 | 4 | 0 | 0 | ||||
| West Tisbury | 3 | 3 | 0 | 0 | ||||
| 27 | 20 | 5 | 2 | |||||
| November 2008 | 26 | |||||||
| Increase/Decrease | +1 | |||||||
| 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 |
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