Don’t believe everything that you hear on the radio, watch on TV or read on the internet, because the Martha’s Vineyard residential sales market is not the entire United States market. While there may be pockets of areas in the U.S. residential sales market that are suffering setbacks Martha’s Vineyard and Edgartown in particular are on a major upswing year over year from 2009 to 2010! See for yourself below with this information that is derived from LINK, the exclusive listing service that is used by ALL of the Martha’s Vineyard real estate brokers and agents to market and track sales.
Let the numbers speak for themselves…
Residential Sales MV
#SOLD RES $ AVE RES $ MEDIAN RES TOTAL DOLLARS
First Quarter 2009 40 $1,309,358 $471,000 $52,374,314
First Quarter 2010 78 $1,111,376 $622,500 $86,687,347
Percentage Increase +95% -15% +32% +65%
2nd Quarter 2009 62 $821,134 $511,250 $50,910,296
2nd Quarter 2010 113 $776,184 $549,625 $88,484,939
Percentage Increase +82% -5% +7.5% +74%
Residential Sales Edgartown
First Quarter 2009 9 $3,408,278 $927,000 $30,674,500
First Quarter 2010 26 $1,479,541 $807,500 $38,468,067
Percentage Increase +188% -56% -12% +25%
2nd Quarter 2009 24 $1,227,778 $605,000 $29,466,671
2nd Quarter 2010 35 $1,053,131 $707,500 $37,912,725
Percentage Increase +45% -14% +16% +28%
*Thanks to my brother Tim for pulling this information together.
Thursday, August 26, 2010
Wednesday, August 4, 2010
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