Blog

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.

...Bringing the total number of closings so far this month to 11!

2019 Tea Lane Associates' Year-End Highlights

Martha's Vineyard 2019 Real Estate Market Review

"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.  

Martha's Vineyard 2018 Real Estate Market Review

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.

Tea Lane Associates represented the buyer of this lovely newly built property in Edgartown which closed on October 25th for $5,150,000.  49 Morse Street is a 4,300 square foot home with 4 bedrooms, 5.5 baths and swimming pool. Centrally located on one of Edgartowns most desirable street, the property is situated two blocks from the harbor and a short stroll to town with restaurants, shops and gallerys.  A great sale for Tea Lane in historic Edgartown. 

Market News - Low inventory for the first half of 2018 meant it was a sellers market.