Welcome to The Griffin Real Estate Market Update.
If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends.
According to MLSPIN, the marketplace for Martha’s Vineyard properties, here’s what happened in November 2023 Vs October 2023:
Martha’s Vineyard
Average Sales Price
October 2023 – $2265970.58823529
November 2023 – $3873661.29032258
71% up
Average Days On Market
October 2023 – 121
November 2023 – 53
56% down
Average Sale Price Per Square Foot
October 2023 – $1024.55
November 2023 – $1153
13% up
Median Sales Price
October 2023 – $1797750
November 2023 – $1800000
0% no change
Number of Sold Listings
October 2023 – 34
November 2023 – 31
9% down
Sale to List Price
October 2023 – 95.72%
November 2023 – 96.56%
increased by 1%
Mortgage Rate
October 2023 – 8.01%
November 2023 – 7.41%
7% down
Top 10 Sales
- $23900000 794 & 690 Chappaquonsett Road Vineyard Haven, MA
- $20500000 8 Tuthill Lane and 27 Braleys Way Edgartown, MA
- $14000000 12 Caleb Pond Road Edgartown, MA
- $8875000 1115 Main Street Vineyard Haven, MA
- $4400000 95 School Street Edgartown, MA
- $4400000 125 The Boulevard Edgartown, MA
- $3350000 36-R Pulpit Rock Road Oak Bluffs, MA
- $3150000 11 Plains Court Edgartown, MA
- $2832000 55 The Boulevard Edgartown, MA
- $2800000 96 Algonquin Avenue Vineyard Haven, MA
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