A look at home sales, prices and available homes throughout each of the Island towns during March 2013. The absorption rate records the rate at which homes are selling in a given area. It is calculated by taking the total number of homes in a six-month period and dividing it by the total number of homes for sale at the end of that six month period. The percent of assessed value compares the average assessed value of all properties sold with the average sale price of all properties, giving an indication of how closely sale prices reflect assessed values.

All data is provided by LINK, the Island's multiple listing service.

 

  Island Totals Aquinnah Chilmark Edgartown Oak Bluffs Vineyard Haven West Tisbury
Homes for Sale 377 24 43 112 85 71 42
Sold Properties 34 0 2 15 7 5 5
Absorption Rates 13 months 24 months 14 months 11 months 14 months 14 months 14 months
Highest Sold Price $5,400,000 N/A $2,220,000 $5,400,000 $719,000   $1,450,000 $2,250,000
Percent of Assessed Value 105% N/A 87% 105% 140% 88% 96%
Average Price $998,831 N/A $1,320,500 $1,239,537 $467,500 $882,000 $1,008,740
Median Price $625,000 N/A $1,320,500 $800,000 $495,000 $770,000 $832,000