The Martha’s Vineyard Land Bank reported revenues of $151,340.55 for the business week ending on Friday, August 19, 2022. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.
Much of the land bank revenue last week came from the town of Oak Bluffs, where two transactions resulted in $81,300. Three transactions earned $36,002 in Edgartown. Three transactions generated $33,900 in Tisbury. And one transaction resulted in $138.55 in Aquinnah. No eligible transactions were recorded in Chilmark or West Tisbury.
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