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 Modest summer homes have been replaced by massive luxury manses, but local officials have wisely decreed that 2% of every real estate sale go to a land bank that buys up and preserves open spaces.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.