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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 2023 Vs 2022:
Martha’s Vineyard
Average Sales Price
2022 – $2239130
2023 – $2287375
2% up
Average Days On Market
2022 – 68
2023 – 79
16% up
Average Sale Price Per Square Foot
2022 – $980.21
2023 – $1066.72
9% up
Median Sales Price
2022 – $1525000
2023 – $1550000
2% up
Number of Sold Listings
2022 – 317
2023 – 290
9% down
Sale to List Price
2022 – 97.97%
2023 – 96.14%
decreased by 2%
Mortgage Rate
2022 – 6.74%
2023 – 6.90%
2% up
Top 10 Sales
- $23900000 794 & 690 Chappaquonsett Road Vineyard Haven, MA
- $20500000 8 Tuthill Lane and 27 Braleys Way Edgartown, MA
- $15000000 81 South Water Street Edgartown, MA
- $14000000 39 Plantingfield Way Edgartown, MA
- $14000000 12 Caleb Pond Road Edgartown, MA
- $12600000 119 North Water Street Edgartown, MA
- $10100000 44 Green Hollow Road Edgartown, MA
- $9500000 2 Field Club Drive Edgartown, MA
- $9000000 75 South Water Street Edgartown, MA
- $8875000 1115 Main Street Vineyard Haven, MA
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