Confidential real estate: Some relief from the market
Real Estate Confidential is a bi-weekly chat about new listings, sales, or other inside information about the Martha’s Vineyard real estate market, hosted by Fred Roven, Owner/Broker of Martha’s Vineyard Buyers’ Agents. He appears every other Friday in La Minute.
Maybe, just maybe, there are signs buyers can breathe a moderate sigh of relief. Over the past week there were over 20 new properties for sale, and now over 150 properties are on the market. Days on the market have stabilized at an average of 144 days from a low of, well, you know, one. The best news might be that the last 30 days have seen a 5% drop in the median price of all properties sold month over month since January.
There’s a beach lot at $155,000, condos from $299,900, a quarter-acre building lot at $595,000, and a three-bedroom, two-bath cape at $895,000. $. At the high end are two spectacular Lambert’s Cove estates for $26,500,000 and $28,500,000. My preferences are normally towards the classic old vineyard and not a $28 million biophilic design, but this Lambert’s Cove contemporary will be like owning an incredible piece of art for generations to come. (Biophile means to consider yourself and nature).
Rather than describe a few properties at length, this week I wanted to present examples for each town in the vineyard with a brief description. There are plenty more to choose from, including 12 with price reductions this month that are still available.
394 Lighthouse Road, Aquinnah: breathtaking views of Vineyard Sound, Naushon and the Elizabeth Islands. You won’t want to leave this spacious, contemporary villa set on seven acres with access to some of the island’s finest beaches, including private deeded access and parking to Dogfish Bar Beach.
68 Meetinghouse Road, Chilmark: Set amongst the hills between South and Middle Roads, this private residence exudes timeless charm, surrounded by ancient stone walls, magnificent trees and fabulous landscapes and scenery. A roof terrace for sunsets and, of course, access to Lucy Vincent and Squibnocket.
11 Mattakesett Way, Katama: Located in the heart of Katama, close to the iconic Katama Airfield and the FARM Institute, this contemporary beach house is ideal for enjoying all the best of Katama, South Beach, and the a breakfast not to be missed at the Diner at the right fork.
34 Windemere Road, Oak Bluffs: Perfect opportunity to own a beautiful beach cottage with lagoon beach access for swimming, kayaking, canoeing or sunbathing. It was designed for relaxed living and memorable entertainment. Water views and beautifully landscaped.
14 Hatch Road, West Chop: A classic island family resort close to the village of Vineyard Haven, the ferry and the Vineyard Haven Yacht Club. Carefully renovated to provide modern comfort whilst retaining the original character and charm. The contemporary style self contained studio offers space for an office or a quiet getaway.
10 Crow Hollow, West Tisbury: That’s what it means to live year-round in this rural island community. On over 1.3 acres, this property includes a well-designed main house, workshop, garage and chicken coop. Access to protected land with walking trails to Sepiessa Point Reservation and Tisbury Great Pond for paddling to South Beach.
Click here for a list of newly listed homes for sale.
For more confidential real estate information, Click here.