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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 February 2024 vs January 2024
Martha’s Vineyard
Average Sales Price
January 2024 – $2726590.9
February 2024 – $2152840.16
21% down
Average Days On Market
January 2024 – 197
February 2024 – 122
38% down
Average Sale Price Per Square Foot
January 2024 – $1256.93
February 2024 – $992.26
21% down
Median Sales Price
January 2024 – $2207500
February 2024 – $2008963.28
9% down
Number of Sold Listings
January 2024 – 11
February 2024 – 16
45% up
Sale to List Price
January 2024 – 98.40%
February 2024 – 93.38%
decreased by 5%
Mortgage Rate
January 2024 – 6.84%
February 2024 – 7.22%
6% up
Top 10 Sales
- $4465000 7 Katama Drive Edgartown, MA
- $3475000 1 Narragansett Avenue Oak Bluffs, MA
- $3000000 11 North Neck Road Edgartown, MA
- $2950000 19 The Boulevard Edgartown, MA
- $2925000 32 South Pond Road West Tisbury, MA
- $2800000 6 Kent Harbor Road Edgartown, MA
- $2500000 124 Cooke Street Edgartown, MA
- $2250000 37 Nashawena Park Oak Bluffs, MA
- $1767926.56 31 Double Ox Road Oak Bluffs, MA
- $1755000 201 Lagoon Pond Road Vineyard Haven, MA
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