Martha's Vineyard Real Estate
The fall brings the fruits of our summer labor with closings happening before winter creeps in and people lose momentum.
Three SOLD properties closed out the first week of October 2019 for Tea Lane, with a triple header of – buyer, buyer/seller and seller representation.
We've closed on 4 Tea Lane Associates listings so far this September representing 4 of the Vineyard towns.
In West Tisbury we sold 8.69 acres of land at 20 Luce Farm Road after only 10 days on the market it sold for $717,500. This lovely location is close to Cedar Tree Neck preserve of walking trails and beach. Located just off Indian Hill Road is a great central island location to build a 6 bedroom home with approved septic.
It's easy to imagine whiling away the summer months, making memories at this wonderful Martha's Vineyard waterfront property. This "grand dame" in the heart of the historic West Chop Club community is being offered for sale for the first time in 25 years.
"Don't speak too soon", as they say .... and after reporting "low inventory" in our mid year report last month, Tea Lane Associates are continuing to list new properties for sale this summer, in fact we listed 4 new properties for sale during the last week of July 2019.
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.
Update: SOLD 15th November 2019 for $900,000
West Tisbury was first settled by English settlers in 1669 as part of the town of Tisbury. The town was officially incorporated in 1892, the last town on Martha's Vineyard to be incorporated. It was, ( and still is ) a farming community with many organic farms both old and new; the annual Agricultural Fair is held at the New Ag Hall on State Road and draws in the crowds and celebrities every August.
This extraordinary Wharton Shope designed home at 81 Squibnocket Farm Road, Chilmark, Martha's Vineyard closed today after being on the market for a year and a half.