Three different charities are set to receive a combined $32,000 from Feiner Real Estate after the sale of the Mad Martha’s ice cream locations in downtown Vineyard Haven, Oak Bluffs and Edgartown.
Real estate market
2006
December 28, 2006
The price of the typical home on Martha's Vineyard fell for
the first time in six years in 2006, as buyers left the market and sales
figures dropped by nearly 30 per cent.
The median price for properties was down to around $690,000 in the
third quarter of 2006, a fall of almost six per cent compared with a
year earlier when the median price was around $732,000.
July 27, 2006
The inventory of unsold Martha's Vineyard real estate is building, and prices are falling on those Island properties that do sell.
The latest property analysis from LINK, the listing service based in Vineyard Haven, confirms what Vineyarders increasingly have been sensing: that the Island real estate market is slowing down compared to last year, let alone the past few years.
February 2, 2006
The floors of the houses tend to be linoleum or older carpet, or perhaps cheap pine. The windows often are nondescript, the detailing undistinctive, and the lots small.
But if you can lay hold of between $400,000 and $500,000, chances are that one of these less-than-pristine homes on Martha's Vineyard - the bottom of the Island real estate market - can be yours.
"They're a good opportunity to get into the market . . . especially for a young couple who can put in some sweat equity," said Alan Schweikert, owner of Ocean Park Realty Inc. in Oak Bluffs.
2005
November 3, 2005
A swelling inventory of unsold Vineyard properties is translating into choosier buyers and tenants.
Demand remains alive for real estate on the Island. Results compiled by LINK, a Vineyard Haven business that tracks the Vineyard market, shows that 122 Island properties with buildings on them sold in the quarter ended Sept. 30. That is one more property than the comparable period a year ago.
But LINK also reports that the inventory of such properties on the Vineyard climbed to 390 for the quarter, 25 per cent higher than the same period last year.
June 2, 2005
Real estate sales on Martha's Vineyard are falling against a backdrop of increasing inventory and rising transaction prices.
For the first three months of the year, the number of residential, commercial and condominium sales on the Vineyard dropped 28 per cent to 82, while listings in those categories rose 30 per cent to 387, according to LINK, a real estate information business based in Vineyard Haven.
2004
May 31, 2004
Bad news if you bought or built a new house on the Vineyard and figured you could cover some of your mortgage by renting it out for a chunk of summer: You weren't the only one with that idea. Now real estate agents say the market is glutted with houses for rent.
"There's a lot of houses out there to rent," said Deborah Hancock, a longtime real estate broker in Chilmark. "We have houses that have never been vacant that are still vacant . . . . It used to be that anything good was gone by January."
