July First Week Report – Market Update 7-8-20
The month of July has started at the same torrid pace as the month of June. New listings and return-to-market properties totaled 24 listings, up from June. Plus there were 15 offers to purchase accepted.
And, sold properties, representing transactions mostly begun eight weeks ago in early May when the current activity was just heating up totaled seven.
In-person showings in which buyer and seller agents and buyers come to look through a home are continuing at a quick pace, according to recent activity and the experience of Vineyard Open House Real Estate.
All agents are respecting the need for masks and gloves and are maintaining social distances while counseling their clients to follow these safety protocols.
Keeping an Eye on the Market
Stay abreast of island real estate trends on the Vineyard as they unfold, and visit the blog for the Daily MV Real Estate Market Updates which creates a snapshot of the previous weeks' activity, plus identifies emerging trends.
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.
July 1st Week Report MV Real Estate Market Update 7-8-20
Real Estate Activity (July 1 to July 8)
New Listings Listings: 22 (21)
Avg. $: $1,496,241 Median $: $1,012,500
Return to Market: 2
Avg. $: $2,550,000 Median $: $2,550,000
Offer to Purchase: 15 (13)
Avg. $: $1,444,927 Median $: $1,295,000
Sold Listings: 7
Avg. $: $1,705,571 Median $: $1,093,00
Off Market: 5
Avg. $: $2,484,000 Median $: $975,000
MV Real Estate Market Update 7-8-20
TODAY’S FEATURED LISTING
Oak Bluffs Beachfront Home - Now Under Agreement!
273 East Chop Drive, Oak Bluffs - PROPERTY UNDER AGREEMENT $ 1,645,000 3 BRs/1.5 BAs 1,104 SF .24 Acres
Nicknamed 'Little Jaws' after the cinematic classic, this quintessential Vineyard retreat sits at the water’s edge, ready to provide you with amazing Vineyard summer memories.
Built in the 1930s, this charming retreat is centered around the vaulted living room and its large beach-stone fireplace.
Original hardwood floors and detail throughout give the cottage charm and authenticity.
The first floor offers 2 bedrooms with full bath along with kitchen, dining area and sun-room, perfect for an afternoon nap or to catch up with a great book.
The second floor is comprised of the Master Bedroom with powder room. The large covered porch is the perfect spot to listen to the waves and watch the activity in Vineyard Sound.
Enjoy incredible sunsets, boating, paddle-boarding, fishing, etc, are literally just steps away. (Listed by Donnelly + Co)
Key Features: Oak Bluffs Beachfront Home
- This property is now under agreement
- Beachfront home
- Covered waterfront porch
- Private beach
- Outdoor shower
- Beach-stone fireplace
- Close to downtown Vineyard Haven
- Stainless kitchen appliances
- Propane heat