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Daily MV Real Estate Market Update 4-8-20

Posted by David Lott on April 8, 2020
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Daily MV Real Estate Market Update 4-8-20

market update 4-8-20

New to market this week:Wasque 3 BR/2BA home, Katama Bay views.  

Today’s Daily MV Real Estate Market stats show that 10 new listings have been added in the first week of April. Those additions bring the total number of new listings coming to market in the last two weeks to 17.

In addition, 6 properties have been returned to market for a total of 23 new properties on the market, an increase of two properties since 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.

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 4-8-20

Real Estate Activity the Past 14 Days

New Listings: 17

Avg. $: $2,580,176
Median $: $1,500,000

Return to Market: 6

Avg. $: $1,248,167
Median $: $1,190,000

Offers to Purchase: 3

Avg. $: $561,333
Median $: $480,000

Sold: 15

Avg. $: $1,348,433
Median $: $809,000

Off Market: 8

Avg. $: $3,086,063
Median $: $1,249,500

Daily MV Real Estate Market Update 4-8-20

TODAY’S FEATURED LISTING

market update 4-8-20
Privacy on Chappaquidick with  pond and Katama Bay views.

69, 75, 76 Bay View Avenue, Edgartown
3 BRs/2 BAs – 1,456 SF – .77 Acres
Asking $ 1,750,00

Expansive and protected views of Dow’s Pond and Katama Bay are captured on every level of this Chappaquiddick contemporary. The oversized lot, a rarity in Wasque, allows flexibility for renovation and expansion including the potential for an additional bedroom.

Thoughtfully designed, with multiple living areas, both inside and out, and set just a few hundred feet to the calm waters of the Bay. (Listed by Sandpiper) Send me more information about this home!

Key Features: Private Water Views on Chappy

    market update 4-8-20Keep a close eye on the Martha's Vineyard real estate market with the Daily MV Real Estate Market Update. 23 new or returned properties have come on the market in the past 14 days. 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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