Daily MV Real Estate Market Update 3/27/20

Daily MV Real Estate Market Update 3/27/20

market update 3-27-20
New to market this week: 21 Kennebec Ave., Oak Bluffs.

Daily MV Real Estate Market Update 3-27-20

Today's Daily MV Real Estate Market stats show that two new listings were added today, March 27, 2020. Total listings added for the month are 43, with an average asking price of $1,478,253 and a median asking price of $895,000.

We are keeping a close eye on the Martha's Vineyard real estate market as it reacts to the current virus environment. Sales are continuing to close, new properties are coming to market and offers are being made despite the challenges in showing homes and gathering documents.

Over the past 14 days, 21 new and returning properties have entered the market.

To help you keep abreast of island real estate trends as they unfold, we are creating these Daily MV Real Estate Market Updates to capture a snapshot of the previous 14 day's activity. And as the reports mount up, we will give views of larger trends as they emerge.--David Lott, Principal Broker, Vineyard Open House Real Estate. Call 508-338-2495 for information about buying or selling your home.

Daily MV Real Estate market update 3-27-20

Real Estate Activity the Past 14 Days

New to Market: 17

Avg. Asking Price: $2,161,353 Median Asking Price: $1,375,000

Properties Returned to Market: 4

Avg. Asking Price $: $1,106,500 Median Asking $: $1,122,500

Offers to Purchase: 3

Avg. Asking Price: $759,333 Median Asking Price: $750,000 Avg. DOM: 457

Properties Taken Off Market: 7

Avg. Asking Price: $1,991,857 MedianAsking Price $: $1,950,000 Avg. DOM: 318

Properties that Have Sold: 13

Avg. Selling Price: $1,286,481 Median Selling Price: $910,000 Avg. DOM: 414

TODAY'S FEATURED LISTING

21 Kennebec Ave., Oak Bluffs

market update 3-27-20

Condo 1 BR/1BA  985 SF Asking $659,000

Excellent  opportunity to own an in-town Oak Bluffs condo with private parking and Nantucket Sound views.

In excellent condition, this well-maintained sun-filled unit features high ceilings, hardwood flooring and a like-new feel. Send me more information about this condo

Key Features: In-Town Oak Bluffs Condo

  • In-town Oak Bluffs condo
  • Stunning views over the sound and ferry dock
  • Separate basement storage
  • Deeded parking lot
  • Center of town, near ferry dock, OB harbor and public beaches
  • Send me more information about this condo
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