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.
As the island recovers from 3 and a half, (the last one didn't amount to much), Nor'easters in two weeks, we're recapping the total number of property transactions that Tea Lane Associates has been a part of for the first three months of 2018.
This years "TEA LANE 2017 YEAR-END HIGHLIGHTS" are really impressive!
****Tea Lane Associates sold property in all six towns including 3 of the 4 highest priced properties in Aquinnah, 2 of the 3 highest priced properties in Chilmark, and the third highest priced property in Tisbury in 2017
****Tea Lane Associates’ sales represented 31% of all up-island sales dollar volume, and 11% of dollar volume island-wide
Mid Year Market Update