Blog

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!

It's September (already) and there's a universal opinion on the island that, despite having the same number of weeks as any other year, this summer went faster than most! The prime July and August weeks flew by but as always we are squeezing out that extra month of September, with its bright blue skies, fluffy white clouds, spectacular sunsets, quieter roads and restaurants and of course the fishing Derby.

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

Martha’s Vineyard Real Estate Market Report  - 1^st Quarter 2016

Our year-end report summarizing the performance of the Martha's Vineyard real estate market in 2015 was released today. After three flat and stable years from 2012 to 2014, the real estate market on Martha’s Vineyard surged in 2015. Compared to 2014, the number of properties sold in 2015 increased 17% to 602, total dollar volume increased a whopping 39% to $675mm, and the average sales price rose 19% to $1,122,000. You can see the full report including a breakdown for each town on the island on the Market News tab.

An exceptional 4-acre waterfront property in Aquinnah with private beach, high-end house, guesthouse, and beautiful gardens and grounds, 3 & 5 Skippers View sold on 2/3/15 for $6,500,000. This sets a new high for real estate transactions in this remote, western-most town on Martha's Vineyard. The previous highest priced property sale was 14 Moshup Trail which sold in July 2009 for $3,600,000 and was combined with a $400,000 beach lot for a total of $4,000,000. The house at 14 Moshup was rebuilt after this purchase. This level of investment is somewhat new for the town, but not isolated.  Several other property owners in the area are invested in this range. Skippers View just happens to be the first to sell. As more buyers begin to understand the tranquility of Aquinnah, along with the beach and water access on all sides (it’s almost an island of its own), we may see this investment trend continue.  

$54mm of real estate changed hands on Martha's Vineyard a couple of weeks ago including a $22mm estate on Edgartown Harbor, a $10.85mm oceanfront property in West Tisbury, a $6.5mm waterfront house and guesthouse in Aquinnah, and a $4.425mm three-parcel compound with pool in Chilmark. Tea Lane Associates handled two of these four transactions. These four sales combined with six other transactions to create an extremely impressive week of sales for the island. In the middle of this snowy winter, obviously many people are thinking about and planning for warm days on the beach!