The Chilmark Land Market: Howe Parcel Sale Offers Clues

The Howe parcel at 4 South Abels Hill Road in Chilmark sold last week. This is a strong sale which gives key information for the Chilmark land market. This 1.2-acre parcel had strong water views and easy walk to Abel’s Hill ocean beach. The property was originally listed for sale in July 2008 at an asking price of $2,250,000. Due to the economic collapse in 2008 and perhaps the parcel’s location on South Road, this property was on and off the market for several years. It was finally listed in January 2013 at $1,695,000 and sold 6/4/14 for $1,500,000. This is a benchmark for other waterview and walk-to-water parcels in Chilmark this summer.