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The Captain’s Cottages–the Harbor View Hotel’s luxury condo/suites–are the latest section of the famed Edgartown hotel to undergo a major renovation. The main parts of the hotel previously underwent $15 million in renovations.
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.
The month of June has ended with a surprising statistic: 104 properties came to market (90 new listings and 14 returns to market) and 104 properties either received offers or closed/sold. Is that a hot market?
All concerns that spring real estate activity was going to be pandemically challenged has been erased by a charging market. Cash buyers flush with capital that needs to be invested, former fence sitters, urban dwellers fleeing the city and more are fueling a very active market.
The surprising spring market continues to flourish, defying all expectations of what looked like a potential market meltdown in mid-March. That scenario hasn’t happened.
Spring Real Estate Market Comes to Life – Market Update 5-27-20 This week’s featured listing has a private beach (inset). The spring market has officially arrived. In the past two weeks, 35 more properties have come to market, pushing the month’s total of new listings to 47 with four days to go in the month of May. Last year, 48 properties came to market …
The month of May is continuing its stronger-than-April start with another 24 properties coming to market. Even better, there were a dozen offers to purchase, beating the total of the previous two weeks, and giving a total of 22 offers for the month–nearly two and a half times as many offers for all of April.
Here are the latest real estate market trends on Martha’s Vineyard in which the month of May has started with 10 accepted offers–more than all of April.
Final April Real Estate Stats for April 2020 showed a decrease in sales and an increase in inventory–a factor that may help ease prices on homes for sale as the law of supply and demand moves more toward the buyer’s advantage.
April 2020 is just about done and it is clear what COVID-19 has inflicted on the market. It has administered body blows, but the market, while down, is certainly not out. Among the 40 listings that have come to market is this 4-BR home that offers long sparkling views of the Lagoon and glorious morning sunrises over the water.