With twice as many real estate sales as the past two Septembers, it’s no wonder we are all feeling busier than ever this fall.
There were 36 transactions the last week of September, (sept 28 - oct 2), the most sales in one week since we started keeping count back in 2006! The month of September 2020 saw 112 transactions, compared to 59 in Sept 2019 and 53 in Sept 2018.
...Bringing the total number of closings so far this month to 11!
1. WEST TISBURY - 39 Runner Road - a sweet cottage in the Village with coveted access to the Tisbury Great Pond. Tea Lane represented the buyer for this one, securing the property 10 days after it went on the market. Purchase price $1,065,000 ( asking price $1,100,000)
The real estate market on Martha’s Vineyard slowed in the first half of 2019. Total sales fell 19% from 270 in the first half of 2018 to 218 in the first half of 2019. Total dollar volume fell 12% over the same period from $329.6mm in 2018 to $288.5mm in 2019. Average price rose 8% from $1.22mm in 2018 to $1.32mm in 2019.
Seven closings realised over $13,000,000 in sales for Tea Lane during the last 2 months of 2018 including the highest residential sale for the year in West Tisbury.