Reports from the Field

Good News from the Martha’s Vineyard Real Estate Market

Posted on January 25th, 2010 by Fred Roven.

Other than real estate, one of my joys is toying with statistics. Before selecting these photos, I arranged all current listings by listing price cost per square foot and then further sorted by length of time on the market. These selections were in the lowest price per square foot, the longest on the market, in reasonably good condition and above average location for seasonal use. In some cases I cannot understand why they have not sold and that is the good news for buyers. Prices are still moderate, low interest mortgages are available and sales are still a bit sluggish leading to more opportunity for negotiation.

Walk to Town- $399,000

There are still a few bank owned properties available so please do not hesitate calling if you have any interest in the foreclosure market. Each month the good news of the real estate market on Martha’s Vineyard and around the globe continues. The most exciting news of the 2009 was the extension of the Home Buyer’s tax Credit to include existing home owners. I have posted the basics at NEW 2009-2010 Federal Homebuyer Tax Credit Information. Contact your accountant for the particulars.

Walk to Town and Lagoon- $599,000

For now, at least, the market seems to be stabilizing. Stay tuned for monthly updates and daily as necessary.

Lambert's Cove- $945,000