Real Estate News on Martha's Vineyard - July 5th
17 new listings came on the market on the Island in the last 7 days (via LINKMV).  The average price = $2,409,647 with a median price of $1,287,500
7 properties had price reductions in the last 7 days with an average days on the market of 140.
9 properties SOLD in the last 7 days with an average sale price of $1,050,778, a median price of $790,000 and average Days on Market of 275.

So, we can conclude that there is a lot of property for sale on the Island, prices continue to moderate and it's still taking a fairly long time for properties to sell.

The weather has been spectacular here - come for a visit!  We handle rentals as well as sales.