A look at home sales, prices and available homes throughout each of the Island towns during February 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 374 22 40 106 89 66 48
Sold Properties 12 0 1 2 5 2 2
Absorption Rates 13 months 22 months 20 months 12 months 12 months     13 months 16 months
Highest Sold Price $1,745,901 N/A $1,300,000 $550,000 $850,000 $400,000  $1,745,901
Percent of Assessed Value 100% N/A 73% 121% 112% 77% 95%
Average Price $720,742 N/A $1,300,000 $550,000 $528,800       $296,000    $1,156,451
Median Price $550,000 N/A $1,300,000 $550,000 $495,000 $296,000 $1,156,451