Daily MV Real Estate Market Update 3/26/20

Daily MV Real Estate Market Update 3/26/20

Daily MV Real Estate Market
New to Market in Mink Meadows this week: 97 Mitchell Rd., Vineyard Haven.

Daily MV Real Estate Market

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. Over the past 14 days, 24 new and returning properties have entered the market.

That's a positive.

How long will the positives continue to flow? Will there be a flood of properties leaving the market? Will the spring rush of new properties materialize? Should you put your home on the market? Time will tell.

To help you keep abreast of island real estate trends as they unfold, here's the first of our Daily MV Real Estate Market Updates, always capturing a snapshot of the previous 14 days. 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

Daily MV Real Estate Market Update

Real Estate Activity the Past 14 Days

New to Market: 18

Avg. Asking Price $: $2,090,944 Median Asking Price $: $1,325,000

Properties Returned to market: 6

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

Offers to Purchase: 4

Avg. Asking Price:  $869,500 Median Asking Price: $824,500

Properties Taken Off Market: 9

Avg. $: $1,873,500 Median $: $1,950,000 Avg. DOM: 309

Properties that Have Sold: 12

Avg. $: $1,086,188 Median $: $850,250 Avg. DOM: 431

TODAY'S FEATURED LISTING

97 Mitchell Rd., Vineyard Haven

Daily MV Real Estate Market
Enjoy large family gathers on the screened porch and summer kitchen.

> New to market just two days ago is this 8BR/8BA estate-like home in Mink Meadows. I am friends with the owners who have impeccable taste and have maintained the property in pristine condition.

The nearly 6,000 sf residence is essentaily two homes in one connected by an enclosed patio/breezeway so that grandparents, parents and children can all peacefully co-exist and enjoy a true family vacation.

Lovely outdoor spaces such as the screened porch and fully equipped summer kitchen will make large family gatherings easy and ideal for creating indelible vacation memories. Send me more information about this home!

KEY FEATURES: 97 Mitchell Rd., Vineyard Haven

  • Two complete houses connected by breezeway
  • 3-car garage
  • Set on 2.25 acres
  • Second-floor, master BR deck
  • Screened porch, summer kitchen w/ deck & patio
  • Jaccuzi w/distant Vineyard Sound views
  • See More Details about this Home!
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