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Daily MV Real Estate Market Update 3/30/20

Posted by David Lott on March 30, 2020
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market update 3-30-20
New to market this week: 3-acre building lot in Chilmark.

Daily MV Real Estate Market Update 3-30-20

Today’s Daily MV Real Estate Market stats show that two new listings were added today, March 30, 2020, bringing the total number of new listings coming to market in the last two weeks to 17–a sign the spring market is emerging.

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, 17 new properties have come on the market and 4 properties have been returned to 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 3-30-20

Real Estate Activity the Past 14 Days

New Listings: 17

Avg. Asking Price: $2,060,176
Median Asking Price: $1,337,500

Return to Market: 4

Avg. $: $2,060,176
Median $: $1,337,500

Offer to Purchase: 5

Avg. $: $696,400
Median $: $750,000

Sold Listings: 17

Avg. $: $1,142,727
Median $: $844,100

Properties Taken Off Market: 9

Avg. $: $3,354,778
Median $: $2,095,000

 

TODAY’S FEATURED LISTING

market update 3-30-20
Get in the market with this 2 BR/1 BA home, available ‘As Is.’

11 Authier Avenue, Vineyard Haven
2 BRs/1 BA – 1,055 SF – .28 Acre
Asking $480,000

This sweet two bedroom/one bath home is located just off Franklin Street between Tashmoo and Daggett Avenue. It’s just short walk to town and the Vineyard Haven Yacht Club. Being sold As-Is. (Listed by Donnelly +Co) Send me more information about this home!

Key Features: 2-BR Vineyard Haven Home

    market update 3-30-20Stay abreast of Martha's Vineyard real estate trends as they unfold. Check out these Daily MV Real Estate Market Updates to view a snapshot of the previous 14 day's real estate activity on the island.

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