Neighbor News
What Happened to the Real Estate Market on Martha's Vineyard?
Buyers are actively looking for homes in the $500,000-$700,000 range. Find out how much your Martha's Vineyard property is worth: Call Bill.
It was a busy fourth quarter of 2015 for Martha’s Vineyard real estate agents, with a number of properties changing hands. Harborside Realty’s most recent listing, a home in Edgartown, was under agreement for $585,000 within three days of hitting the market.
And buyers remain eager, says principal broker Bill LeRoyer: “We have many active buyers looking to purchase homes on Martha’s Vineyard.”
There’s just one problem: The houses they want are not on the market.
“Our inventory has been depleted,” Bill explains, “especially in the $500,000 to $700,000 range.”
There are still plenty of Martha’s Vineyard homes for sale at $800,000 and up, and some listings under $500,000 (depending on location and condition).
But the active buyers are looking for that sweet spot in between.
If you’ve been thinking about listing your Island property for sale, Bill recommends consulting at least two local real estate agents before making your decision.
Find out what's happening in Martha's Vineyardfor free with the latest updates from Patch.
Locally-owned Harborside Realty has been selling Martha’s Vineyard homes for 55 years — why not start there? Give Bill a call at 508-627-3721 (toll-free 800-537-3721) or email bill@harborsiderealtymv.com. He’ll be happy to provide you with a free, no-obligation Opinion of Value on your home.