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Welcome to The Griffin Real Estate Market Update, I’m Danny Griffin.
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, here’s what happened in Q1 2023 vs Q1 2024:
Martha’s Vineyard
Average Sales Price
Q1 2023 – $2321209.65671642
Q1 2024 – $2021440.06243902
13% down
Average Days On Market
Q1 2023 – 76.96
Q1 2024 – 137
78% up
Average Sale Price Per Square Foot
Q1 2023 – $1043.28
Q1 2024 – $997.2
4% down
Median Sales Price
Q1 2023 – $1500000
Q1 2024 – $1600000
7% up
Number of Sold Listings
Q1 2023 – 67
Q1 2024 – 41
39% down
Sale to List Price
Q1 2023 – 94.34%
Q1 2024 – 94.33%
had no change with
Mortgage Rate
Q1 2023 – 6.48%
Q1 2024 – 7.01%
8% up
Top 10 Sales
- $5500000 20 Cleveland Avenue Vineyard Haven, MA
- $5150000 111 Peases Point Way North Edgartown, MA
- $5000000 28 Huntington Way Chilmark, MA
- $4465000 7 Katama Drive Edgartown, MA
- $3950000 1 Pondmark Chilmark, MA
- $3475000 1 Narragansett Avenue Oak Bluffs, MA
- $3350000 94 Marthas Road Edgartown, MA
- $3000000 11 North Neck Road Edgartown, MA
- $2950000 19 The Boulevard Edgartown, MA
- $2925000 32 South Pond Road West Tisbury, MA
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