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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 December 2023 vs January 2024
Martha’s Vineyard
Average Sales Price
December 2023 – $1506289
January 2024 – $2726591
81% up
Average Days On Market
December 2023 – 87
January 2024 – 197
126% up
Average Sale Price Per Square Foot
December 2023 – $1016.24
January 2024 – $1256.93
24% up
Median Sales Price
December 2023 – $1275000
January 2024 – $2207500
73% up
Number of Sold Listings
December 2023 – 19
January 2024 – 11
42% down
Sale to List Price
December 2023 – 95.97%
January 2024 – 97.83%
increased by 2%
Mortgage Rate
December 2023 – 6.90%
January 2024 – 6.84%
1% down
Top 10 Sales
- $5500000 20 Cleveland Avenue Vineyard Haven, MA
- $5150000 111 Peases Point Way North Edgartown, MA
- $5000000 28 Huntington Way Chilmark, MA
- $3950000 1 Pondmark Chilmark, MA
- $2300000 84 Cuttyhunk Avenue Vineyard Haven, MA
- $2207500 30 Pond Lane West Tisbury, MA
- $1800000 41 Road to the Plains Edgartown, MA
- $1500000 8 Vineyard Meadow Farms Road West Tisbury, MA
- $1350000 2B Lauras Way Oak Bluffs, MA
- $740000 25 Butler Avenue Oak Bluffs, MA
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