What's happening with Island Real Estate

In the past 7 days - here's what's happened in Island Real Estate.

7 Properties came on the market For Sale with an average Asking price of $84,143, and a Median price of $695,000.

This condo unit at Quail Run is just one of the properties.  $319,000

9 Properties had Price Reductions.  Average price (asking) was $1,382,222 with a Median price (again asking) of $990,000.  Average Days on Market - 371.  This Home in Oak Bluffs is an example.  New asking price = $839,000.

7 Properties went Under Contract this week.  $955,425 was the average price (Asking) and $595,000 was the Median (Asking).  Average Days on Market - 327.  This Unit at the popular Mattakesett condos in Katama is one of the properties.

6 properties Sold this past week.  An average sale price of $1,817.500 and a Median Selling Price of $1,575,000.  Average Days on Market = 678.  This Vineyard Haven bargain was one of them.  Asking $349,200 - sold for $250,000.

All of us at Homes on Martha's Vineyard wish you and yours a Happy Holiday Season!