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
2016 Mid-Year Market Update
Tea Lane Associates were involved in THREE of this past weeks real estate transactions including the 5.6million dollar Hornblower sale on Squibnocket Ridge
Click here to see the weekly real estate transactions for Marthas Vineyard Real Estate