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Daily MV Real Estate Market Update 4-2-20

Posted by David Lott on April 2, 2020
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Daily MV Real Estate Market Update 4-2-20

market update 4-2-20

New to market this week: Nantucket Sound, private beach and dock.

Today’s Daily MV Real Estate Market stats show that five new listings have been added the first two days of April, bringing the total number of new listings coming to market in the last two weeks to 18, up one from our last report.

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, 18 new properties have come on the market and 3 properties have been returned to market for a total of 21 new additions.

To help you keep abreast of island real estate trends as they unfold, visit the blog for the Daily MV Real Estate Market Updates which creates 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 4-2-20

Real Estate Activity the Past 14 Days

New Listings: 18

Avg. Asking Price: $2,176,222
Median Asking Price: $1,500,000

Back on the market: 3

Avg. $: $858,000
Median $: $699,000

Offer to Purchase: 3

Avg. $: $701,000
Median $: $769,000

Listings Sold: 16

Avg. $: $1,209,375
Median $: $799,750

Off-Market: 8

Avg. $: $3,726,750
Median $: $2,347,500

TODAY’S FEATURED LISTING

market update 4-2-20
North Neck–Nantucket Sound and Harbor views galore.

35A North Neck Road, Edgartown
5 BRs/2 BAs – 2,486 SF – 4.30 Acres
Asking $3,995,000

North Neck – A spectacular setting with breathtaking, endless views of Edgartown Harbor, across Nantucket Sound, and around to Cape Poge Bay. The perfect beach cottage, affectionately known as the Hill House. (Listed by Sandpiper) Send me more information about this home!

Key Features: Spectacular Views, North Neck Home

    market update 4-2-20Keep a close eye on the Martha's Vineyard real estate market with the Daily MV Real Estate Market Update. 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.

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