Please visit my website www.vineyardrealtygroup.com to search all properties for sale on Martha's Vineyard. I can be reached at 617-429-5219. Thanks for viewing!
Thursday, March 31, 2011
Obama Oak Bluffs, Martha's Vineyard Vacation Home For Rent
It's true! In August of 2008 Barack Obama and his family spent their Vineyard vacation at this house located in the East Chop section of Oak Bluffs. In his first visit to the island as president he visited close friends several times while they vacationed here as well. The home has also served as a vacation destination for many other politicians, actors and professional athletes over the years. Weekly Summer rental rates range from $7000 to $9500. For more information please click on the link below to view rental rates, availability etc. You can also copy/paste the link: http://www.capecodmarthasvineyard.com/89eastchop/index.html
Please visit my website www.vineyardrealtygroup.com to search all properties for sale on Martha's Vineyard. I can be reached at 617-429-5219. Thanks for viewing!
Please visit my website www.vineyardrealtygroup.com to search all properties for sale on Martha's Vineyard. I can be reached at 617-429-5219. Thanks for viewing!
Sunday, March 13, 2011
Martha's Vineyard Gazette Reporting Good 2011 Rental Season Ahead
The Martha's Vineyard Gazette is reporting a good rental season ahead with bookings up anywhere between 17 and 30 percent over last year. Here is a copy of the article:
Summer Bookings Signal Strong Upturn for Vineyard EconomyBy REMY TUMIN
If the summer rental market is any indication of the Island economy, Vineyarders can expect a turn for the better this season.
The early summer rental market is already up significantly over last year, with real estate agencies reporting increases between 17 and 30 per cent.
“We’re very excited about the season to come and found we have good, strong rebooking coming off of last season, and a lot of early bookings coming into the summer,” Anne Mayhew at Sandpiper Rentals in Edgartown said earlier this week.
Sandpiper’s summer bookings are up 30 per cent compared to this time last year.
“We’re feeling very strong, like we’re going to have a very busy season,” Ms. Mayhew said.
Vacationing trends over the past decade have shifted from monthly rentals to weekly rentals, but agents say the more recent trend of scoring last-minute rental deals may be over this year.
“Over the last two or three years we have seen a lot of last-minute bookings, and it’ll be curious to see how much inventory is going to be available for that this summer,” Ms. Mayhew added. “With the surge we’re feeling now, a lot of folks waiting until the last minute and wanting to bargain, they may not have that opportunity again.” Ms. Mayhew said.
Carol Shore at Coldwell Banker Landmarks Real Estate said last-minute bookings were unheard of in the 1990s; they just weren’t available.
“Back in the 1990s it used to be very busy. The trend has changed a little bit since 9/11 and then even more so in the past couple years,” Ms. Shore said. “There’ve been many, many more last-minute bookings, where we can look into July and August and have people give us the call and arrive the next week or week after ... it has to do with the fast pace of peoples’ lives.”
January and February are typically busy months for bookings, Ms. Shore said, because families have gotten together over the holidays and decided what they want to do for summer vacation.
But shifting from monthlong vacation stays to one or two weeks isn’t the only changing vacation trend. Real estate agents across the Vineyard are noticing the higher end homes are doing far better this year than they did last year, but low to moderately priced homes are not faring as well.
Elizabeth Weedon from rental Web site WeNeedAVacation.com said their higher-end bookings, priced at $3,000 a week and above, are up 23 per cent, whereas homes priced at $2,000 a week and below are down about one per cent.
For the online company, 2009 was one of the more difficult seasons to date. Ms. Weedon described that year as “the perfect storm” when it came to a glut in the market with little demand. WeNeedAVacation.com bookings for the Vineyard are up 31.9 per cent compared to 2009.
“January [2011] broke records, it was the highest traffic month in our history,” Ms. Weedon said in a phone interview with the Gazette earlier this week. “The numbers are pretty eye-catching.”
The site’s Vineyard bookings to date are up 17.6 per cent over last year for the peak rental season between Memorial Day and the end of October, and up 17.9 per cent for the summer months alone.
High-end property listed on WeNeed AVacation.com includes a Chilmark home available for $8,000 a week. The 4,700-square-foot house has access to the Spring Point Association tennis courts, beach, walking trails, water views, three patios, a sundeck, wireless internet and sleeps 10 people. A lower-end property includes a beach guest cottage looking over Menemsha Pond for $1,500 a week, which sleeps four people.
“We are finding that [renters] are demanding more and more amenities and conveniences and that their vacations begin the moment they get off the ferry,” Ms. Weedon said. “They would rather head right to the beach than worry about making beds.”
Ms. Shore agrees — people want the works.
“It’s really competitive now, there are a lot of rentals to be had. People aren’t just taking anything. They want a good location, they want it updated,” she said.
“A lot of people call and want to be up-Island because they want to be in the serenity of being up-Island and not dealing with traffic, and other families wouldn’t think about going to Aquinnah or Chilmark,” Ms. Shore added.
“There are still some very good choices out there and we get new listings all the time,” she said, adding:
“There doesn’t seem to be the doom and gloom there has been for the past couple years, it seems a little more robust. The atmosphere has changed. I’ve heard from some people this year that I haven’t heard from in a couple of years. I think things are on the upswing.”
Rentals aren’t the only summer trend on the rise. Wayne Lamson, general manger of the Steamship Authority, said summer reservations were up a little over 5 per cent at the end of February. Peak ferry travel runs from May 24 through Oct. 11.
Most people making reservations now travel back and forth from the Vineyard and the mainland on a regular basis, Mr. Lamson said, but many people wait to make a reservation until the last minute depending on the weather.
“We had a really good opening this year, both online and the total number of reservations,” Mr. Lamson said last week. “So far it’s very encouraging. It’s a good sign for the season.”
Martha’s Vineyard Chamber of Commerce executive director Nancy Gardella said, “These are great early numbers.
“Basically when large metro markets that are feeder markets start to rebound, like New York, Connecticut and Boston, that bodes well for us,” she added.
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Please visit my website www.vineyardrealtygroup.com to search all properties for sale on Martha's Vineyard. I can be reached at 617-429-5219. Thanks for viewing!
Summer Bookings Signal Strong Upturn for Vineyard EconomyBy REMY TUMIN
If the summer rental market is any indication of the Island economy, Vineyarders can expect a turn for the better this season.
The early summer rental market is already up significantly over last year, with real estate agencies reporting increases between 17 and 30 per cent.
“We’re very excited about the season to come and found we have good, strong rebooking coming off of last season, and a lot of early bookings coming into the summer,” Anne Mayhew at Sandpiper Rentals in Edgartown said earlier this week.
Sandpiper’s summer bookings are up 30 per cent compared to this time last year.
“We’re feeling very strong, like we’re going to have a very busy season,” Ms. Mayhew said.
Vacationing trends over the past decade have shifted from monthly rentals to weekly rentals, but agents say the more recent trend of scoring last-minute rental deals may be over this year.
“Over the last two or three years we have seen a lot of last-minute bookings, and it’ll be curious to see how much inventory is going to be available for that this summer,” Ms. Mayhew added. “With the surge we’re feeling now, a lot of folks waiting until the last minute and wanting to bargain, they may not have that opportunity again.” Ms. Mayhew said.
Carol Shore at Coldwell Banker Landmarks Real Estate said last-minute bookings were unheard of in the 1990s; they just weren’t available.
“Back in the 1990s it used to be very busy. The trend has changed a little bit since 9/11 and then even more so in the past couple years,” Ms. Shore said. “There’ve been many, many more last-minute bookings, where we can look into July and August and have people give us the call and arrive the next week or week after ... it has to do with the fast pace of peoples’ lives.”
January and February are typically busy months for bookings, Ms. Shore said, because families have gotten together over the holidays and decided what they want to do for summer vacation.
But shifting from monthlong vacation stays to one or two weeks isn’t the only changing vacation trend. Real estate agents across the Vineyard are noticing the higher end homes are doing far better this year than they did last year, but low to moderately priced homes are not faring as well.
Elizabeth Weedon from rental Web site WeNeedAVacation.com said their higher-end bookings, priced at $3,000 a week and above, are up 23 per cent, whereas homes priced at $2,000 a week and below are down about one per cent.
For the online company, 2009 was one of the more difficult seasons to date. Ms. Weedon described that year as “the perfect storm” when it came to a glut in the market with little demand. WeNeedAVacation.com bookings for the Vineyard are up 31.9 per cent compared to 2009.
“January [2011] broke records, it was the highest traffic month in our history,” Ms. Weedon said in a phone interview with the Gazette earlier this week. “The numbers are pretty eye-catching.”
The site’s Vineyard bookings to date are up 17.6 per cent over last year for the peak rental season between Memorial Day and the end of October, and up 17.9 per cent for the summer months alone.
High-end property listed on WeNeed AVacation.com includes a Chilmark home available for $8,000 a week. The 4,700-square-foot house has access to the Spring Point Association tennis courts, beach, walking trails, water views, three patios, a sundeck, wireless internet and sleeps 10 people. A lower-end property includes a beach guest cottage looking over Menemsha Pond for $1,500 a week, which sleeps four people.
“We are finding that [renters] are demanding more and more amenities and conveniences and that their vacations begin the moment they get off the ferry,” Ms. Weedon said. “They would rather head right to the beach than worry about making beds.”
Ms. Shore agrees — people want the works.
“It’s really competitive now, there are a lot of rentals to be had. People aren’t just taking anything. They want a good location, they want it updated,” she said.
“A lot of people call and want to be up-Island because they want to be in the serenity of being up-Island and not dealing with traffic, and other families wouldn’t think about going to Aquinnah or Chilmark,” Ms. Shore added.
“There are still some very good choices out there and we get new listings all the time,” she said, adding:
“There doesn’t seem to be the doom and gloom there has been for the past couple years, it seems a little more robust. The atmosphere has changed. I’ve heard from some people this year that I haven’t heard from in a couple of years. I think things are on the upswing.”
Rentals aren’t the only summer trend on the rise. Wayne Lamson, general manger of the Steamship Authority, said summer reservations were up a little over 5 per cent at the end of February. Peak ferry travel runs from May 24 through Oct. 11.
Most people making reservations now travel back and forth from the Vineyard and the mainland on a regular basis, Mr. Lamson said, but many people wait to make a reservation until the last minute depending on the weather.
“We had a really good opening this year, both online and the total number of reservations,” Mr. Lamson said last week. “So far it’s very encouraging. It’s a good sign for the season.”
Martha’s Vineyard Chamber of Commerce executive director Nancy Gardella said, “These are great early numbers.
“Basically when large metro markets that are feeder markets start to rebound, like New York, Connecticut and Boston, that bodes well for us,” she added.
» Share Your Feedback
Please visit my website www.vineyardrealtygroup.com to search all properties for sale on Martha's Vineyard. I can be reached at 617-429-5219. Thanks for viewing!
Wednesday, March 9, 2011
Barron's Magazine Ranks Martha's Vineyard #5 Best Places for Second Homes
Mark Veverka and Steven M. Sears of Barron's Magazine published an article on March 5, 2011 Best Places for Second Homes. Martha's Vineyard was ranked #5. "Two years after the worst of the financial crisis, the rich have dusted themselves off and resumed some serious discretionary spending. Both sales volume and prices are clearly on the rise for luxury vacation homes, one of the greatest indulgences of all. Prices for the majority of the 15 locales in our annual ranking of best places for second homes climbed in 2010, sometimes dramatically.
In seeking out and ranking these havens, we looked for beauty, comfort, convenience, a range of lifestyles and -- always the paramount criterion at Barron's -- value."
Here's what they had to say about the Vineyard: Seven miles off the coast of Massachusetts, Martha's Vineyard entered the popular imagination around 1993 when then-President Clinton and family vacationed at the home of his friend Vernon Jordan. President Obama has twice vacationed on the island since he took office. The vineyard is now a full-fledged international destination. Modest summer homes have been replaced by massive luxury manses, but local officials have wisely decreed that 2% of every real estate sale go to a land bank that buys up and preserves open spaces. You can't go wrong buying into Chilmark or Edgartown.
The List:
1. Sea Island, GA
2. Maui, Hawaii
3. Hampton's New York
4. Aspen, Colorado
5. Martha's Vineyard, MA
6. Deer Valley, Utah
7. Lake Tahoe, CA
8. Kiawah, South Carolina
9. Palm Beach, FL
10. Pebble Beach, CA
11. Greater Palm Springs, CA
12. Brays Island Plantation, S.C.
13. Sun Valley, Idaho
14. Lake Geneva, WI
15. Asheville, N.C.
Please visit my website www.vineyardrealtygroup.com to search all properties currently for sale on Martha's Vineyard. I can be reached at 617-429-5219.
In seeking out and ranking these havens, we looked for beauty, comfort, convenience, a range of lifestyles and -- always the paramount criterion at Barron's -- value."
Here's what they had to say about the Vineyard: Seven miles off the coast of Massachusetts, Martha's Vineyard entered the popular imagination around 1993 when then-President Clinton and family vacationed at the home of his friend Vernon Jordan. President Obama has twice vacationed on the island since he took office. The vineyard is now a full-fledged international destination. Modest summer homes have been replaced by massive luxury manses, but local officials have wisely decreed that 2% of every real estate sale go to a land bank that buys up and preserves open spaces. You can't go wrong buying into Chilmark or Edgartown.
The List:
1. Sea Island, GA
2. Maui, Hawaii
3. Hampton's New York
4. Aspen, Colorado
5. Martha's Vineyard, MA
6. Deer Valley, Utah
7. Lake Tahoe, CA
8. Kiawah, South Carolina
9. Palm Beach, FL
10. Pebble Beach, CA
11. Greater Palm Springs, CA
12. Brays Island Plantation, S.C.
13. Sun Valley, Idaho
14. Lake Geneva, WI
15. Asheville, N.C.
Please visit my website www.vineyardrealtygroup.com to search all properties currently for sale on Martha's Vineyard. I can be reached at 617-429-5219.
Sunday, March 6, 2011
Waterfront Condo On Historic Edgartown Harbor For Sale!!!
Exceptionally rare opportunity to purchase a waterfront condo/hotel at the Harborside Inn located on Historic Edgartown Harbor. One of only two
units with FULL 30/30th deeded ownership rights- 30 continuous, uninterrupted weeks of ownership. Amenities include boat dock, parking, heated outdoor pool and spa. Pied-a-terre, nanny's quarters, home away from home, weekend getaway...endless possibilities and uses. Moments from the finest shopping, restaurants, art galleries and beaches of Martha's Vineyard. Don't miss out on this once in a lifetime investment opportunity!!
Please call John for more details!617-429-5219
To search all Martha's Vineyard properties currently on the market please visit my website www.vineyardrealtygroup.com
units with FULL 30/30th deeded ownership rights- 30 continuous, uninterrupted weeks of ownership. Amenities include boat dock, parking, heated outdoor pool and spa. Pied-a-terre, nanny's quarters, home away from home, weekend getaway...endless possibilities and uses. Moments from the finest shopping, restaurants, art galleries and beaches of Martha's Vineyard. Don't miss out on this once in a lifetime investment opportunity!!
Please call John for more details!617-429-5219
To search all Martha's Vineyard properties currently on the market please visit my website www.vineyardrealtygroup.com
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