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.
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.
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.
Two classic Vineyard antique homes sold recently, each with unique and interesting pasts:
The first one was once home to the author and activist Lillian Hellman, and was first listed exclusively by Tea Lane Associates for $4,395,000 earlier in 2017.
The end of October and into November saw 6 more property transactions come to fruition for Tea Lane Associates, including our spectacular listing on Austin Pasture Road, Chilmark. We wrote about the property here.
Fall 2017 saw a wide selection of real estate transactions for Tea Lane, covering all 6 Martha's Vineyard towns and including the following:
On October 25th and after only 67 days on market Tea Lane Associates sold 3 Tennis Lane - a 5 bed home with pool in Chilmark for $2,165,000
Hot Property! What’s sold so far this summer!
With no less than 6 property closings already since the end of June, we are set for a continuing busy August and September here at Tea Lane Associates. This is the time, when renters, buyers and sellers are enjoying the Vineyard and thoughts of owning, upgrading, down-sizing are on the minds of our summer visitors.
2017 has been a busy year and many sales came to fruition this past month including: