After a year-long pandemic and tightened by a sizzling real estate market, the Vineyard summer rental market is experiencing an unprecedented boom this year.
Real estate sales on Martha's Vineyard soared past the $1 billion threshold for the first time in 2020, shattering previous records as a bull market for homes shows no sign of abating
A summertime boom in the Martha’s Vineyard real estate market, fueled by the pandemic, has accelerated into an unprecedented fall frenzy, shattering records on sale price and volume as the market’s fragile bottom disappears.
Martha’s Vineyard likely shattered monthly land sale records in September, as the recent boom in the Island real estate market spiked to a fever pitch.
The Island market has rocketed upward since the start of the pandemic, with dramatic sale price increases and broad reordering as urban buyers gravitate toward the Island.
The town of Edgartown has the largest land mass on the Island, the second largest population, 26 government subgroups, 200 employees, and an annual budget of $45 million.
Hinckley’s Lumber, the landmark commercial property on Beach Road in Vineyard Haven, has been sold to an Aquinnah real estate investor for $2.3 million.
Not up, not down and no clear road signs for the future. As the calendar year draws to a close, that’s the main story of the Island real estate market.