A look at home sales, prices and available homes throughout each of the Island towns during October 2012. 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 509 25 52 167 112 92 61
Sold Properties 30 1 1 9 9 5 5
Absorption Rates 16 months 25 months 52 months 20 months 14 months 18 months 15 months
Highest Sold Price $2,950,000 $875,000 $2,950,000 $2,950,000 $620,000 $980,000 $2,150,000
Percent of Assessed Value 91% 99% 94% 94% 74% 96% 95%
Average Price $726,218 $2,950,000 $2,950,000 $870,460 $312,256 $512,000 $950,600
Median Price $515,250 $2,950,000 $2,950,000 $650,000 $317,500 $445,000 $720,000