January Real Estate Market Statistics - Martha's Vineyard Island

By
Real Estate Agent with Sandpiper Realty, Inc.

Following is Sandpiper Realty, Inc.'s monthly Martha's Vineyard Market Report providing a summary of the dollar and unit volume of sales for January 2009. 

As the year progresses, the comparison charts will show you the month to month trend as well as the year to year trend.

The majority of the sales that occurred in January were under $1.0 (72%), while the dollar volume remains high.  (This number is skewed by two high end sales - $7.5 and $11.75 - both Edgartown waterfront properties).  It should be noted that there were no sales between $1.4 and $4.3.  This is consistent with what we have been representing - most sales are under $750,000, nothing is selling in the middle range and a few multi-million dollar sales continue to be made.  At this time, most buyer interest is under $1.0 and we expect this trend to continue for at least the next several months. 

PRICE

# SOLD

Under $1.0M

13

$1.0M - $3.0M

2

Over $3.0M

3

TOWN

# SOLD

Aquinnah

1

Chilmark

0

Edgartown

7

Oak Bluffs

5

West Tisbury

1

Vineyard Haven

4

SOLD UNIT COMPARISON

 

2009

2008

January

18

31

SOLD DOLLAR VOLUME COMPARISON

 

2009

2008

January

1,848,000

773,000

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