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The decision to list your home as a vacation rental can be a hard one, but can also offset a lot of costs.  If you're thinking about renting,  we can help steer you to the right decision for you .. Call us on 508 696 9999 or contact us via this link.

Before you start the fun stuff - ie going to look at Martha's Vineyard property for sale, it's a good idea to have a few ducks in a row before first

On Dec 28 2018, Governor Baker signed the new short term vacation rental law effective Jan 1, 2019 (yes, 1 business day to implement).  Since then Tea Lane Associates, like many real estate companies, insurance companies, home owners and brokers have been scrambling to understand and comply with, the new laws for the busy 2019 summer Martha's Vineyard rental season. At Tea Lane we have revised our lease, our software, and rental system. Our policies and procedures have been updated as an ongoing project, and our accounting is now set to accommodate the changes and make the transition as smooth as possible for you.  In addition our brokers and agents are fully up to speed on the requirements and we are happy to answer any questions you have.

Houzz is an online tool for all homeowners and a great resource for building or rennovating your home... get ideas and inspiration as well as look up local contractors in your area.  We love it!

Martha’s Vineyard Real Estate Market Report  - 1st 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.

Martha's Vineyard 2014 Market Review

The real estate market on the island showed healthy activity in the first three quarters of 2014. Total number of transactions increased 3% over the first three quarters of 2013 (340 sales in 2014 versus 330 in 2013) and total dollar volume was up 7% to $309mm (versus $289mm in 2013). The average sales price rose 4% to $909,000 (from $876,000 in 2013). Aquinnah, Chilmark, Oak Bluffs and Tisbury all experienced increased activity comparing Q1-3 from 2013 to 2014 with Chilmark seeing the largest increase – 42% increase in the number of transactions from 19 in 2013 to 27 in 2014 and 63% increase in dollar volume from $25mm to $41mm. Also worth noting is the strong activity in the high end: there were 6 sales over $5mm in the first three quarters of 2014 compared to just 2 sales over $5mm in 2013.

Another transition new Martha’s Vineyard home owners experience when spending time on island is the role of the ferry. As a vacationer it is almost competitive to acquire the perfect reservations to arrive and depart on Saturdays in August. The Bourne Bridge, the rotaries, the green Steamship Authority signs all trigger the anticipation for the Vineyard… Kids are bouncing in the back seat and parents are smug that they are pulling into the terminal at just the right time, not too early but with time to use the bathroom, pick up a schedule, and buy an ice cream cone.