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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 properties, here’s what happened in July 2023 vs June 2023:
Martha’s Vineyard
Average Sales Price
June 2023 – $1443852.94117647
July 2023 – $1547489.31428571
7% up
Average Days On Market
June 2023 – 24
July 2023 – 59
146% up
Average Sale Price Per Square Foot
June 2023 – $949.27
July 2023 – $951.95
0% no change
Median Sales Price
June 2023 – $1025000
July 2023 – $1200000
17% up
Number of Sold Listings
June 2023 – 34
July 2023 – 35
3% up
Sale to List Price
June 2023 – 97.13%
July 2023 – 97.20%
had no change with
Mortgage Rate
June 2023 – 6.84%
July 2023 – 6.96%
2% up
Top 10 Sales
- $6400000 14 Tylers Creek Oak Bluffs, MA
- $5100000 15 Red Valley Road Chilmark, MA
- $3662500 39 Sarita Walker Road West Tisbury, MA
- $3300000 23 Black Point Road Chilmark, MA
- $2250000 35 Dark Woods Road Edgartown, MA
- $2225000 50 South Road Chilmark, MA
- $1850000 131 North Water Street Edgartown, MA
- $1725000 44 Paddock Road (Lot #20) Oak Bluffs, MA
- $1650000 29 Brook Hollow Road West Tisbury, MA
- $1625000 12 Lily Farm Road West Tisbury, MA
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