This gorgeous half acre building site is being subdivided from an estate sized parcel, just a few blocks from Main Street. The beautiful sloping land has potential water views, is bordered on one side by an old stone wall and has mature red maple, holly, pine and oak trees. Check it out here…… Mount Aldworth Land
Sales statistics through October 2013 show a small uptick from the same period in 2012. 331 homes sold in the first 10 months of this year compared to 310 last year, which represents a 10.5% gain. September was the highest volume month of the year with 66 sales and the low month was February, with just 14. A spike in the number of sales in December 2012 bolstered the numbers for last year and there were 120 sales of single family homes in the last quarter. Total sales volume for 2012 was 400. With 35 homes sold this November, we will need to close at least 34 houses in December to stay on pace with last year’s volume. Here are the numbers for November from the island’s multiple listing service, LINK and my predictions for the end of this year:
- Total homes sold – 35
Breakdown by town: Aquinnah – 1, Chilmark – 3, Edgartown – 12, Oak Bluffs – 10, Vineyard Haven – 5, and West Tisbury – 4
- Median Price – $662,000
Breakdown by range: $300k to $500k – 10, $600K to $1M – 15, $1M to $2M – 8,
$2M to $3M – 2, $7.9M – 1
- Average Days on Market – 257
As of today, there are 23 properties that have signed Purchase and Sales Agreements and 32 more that have offers pending, a total of 55 and the same number that closed in the month of December 2012! Will this December close 34 properties? I’ll get back to you……
Just listed for sale $629,000
2 Windsor Drive, Edgartown
Attractive four bedroom Colonial in Westminster Acres. This lovely house has been recently updated with new kitchen cabinets, appliances and granite counter-tops. The first floor features an open kitchen/dining area, living room, a home office/den as well as a large, bright three season room. There are four large bedrooms located on the second floor with a full bath. A third floor room could easily be finished for additional living space. The large deck wraps around the side of the house to the back, where there is a nice private yard. Just some of the improvements in 2013 include a new roof, new shingles, interior paint throughout and a new front porch. Excellent location, close to all down island towns.
For more information on this home or to set up a time to view the property please call
Thanksgiving on Martha’s Vineyard is a special time. We welcome our college kids back, in some cases, for the first time since August. The boats and Main Streets are filled with familiar faces and hugs abound. Farm stands are bustling with cooks picking up fresh turkeys and local food to serve at their holiday table.
Many folks come to enjoy the camaraderie of family but also drink in the relaxing, quiet atmosphere of the island at this time of year. Hiking the beaches or any of the gorgeous Land Bank and conservation trails is a great way to work up an appetite or work off the feast.
Who needs crowded malls when holiday shopping can begin at the annual Thanksgiving Artisan’s Fair? Most local merchants offer great sales and a wonderful variety of hand made or Vineyard specific gifts.
Whatever brings you to the Vineyard this Thanksgiving, we wish you a relaxing, refreshing and rejuvenating holiday. We all can count our blessings that we are able to enjoy such a beautiful place!
An article in Inman News caught my eye this week and brought to light some interesting statistics that I wanted to share. According to an annual survey from the National Association of Realtors, internet use in searching for a home to purchase is at an all time high, at 92% of the survey’s respondents.
The Buying and Selling Process Has Not Lost the Personal Touch
This growth of on-line home search does not surprise most of us, given the proliferation of smartphones & tablets that make it easier than ever to reference the internet for information these days. What may come as a surprise to some, however, was that those performing on-line search were also more likely to enlist the services of a professional real estate agent.
“While the vast majority of buyers use the Internet during the home buying process, the Internet does not replace the real estate agent in the transaction. In fact, buyers who used the Internet were more likely than those who did not use the Internet to purchase their home through an agent,” the report said.
Why do you think this is? Some of the skills that survey respondents listed as valuing most in a real estate agent included:
- honesty and integrity
- understanding of the local real estate buying and selling process
- knowledge of the local real estate market and
- ability to negotiate well
None of which can be gained by viewing an on-line real estate listing. In fact, less than half of the survey’s respondents listed “skills with technology” as being important for their real estate agent to possess.
Important Take Aways
There is no replacing the personal touch and the confidence a home buyer or seller feels when they have the benefit of a real estate agent who listens and can share a deep understanding of the Martha’s Vineyard real estate market.
At Lighthouse Properties, we employ multiple ways to list our seller’s properties on-line so that they can benefit from maximum marketing exposure and the current trend toward on-line home search. But what we pride ourselves on is the prompt, honest and attentive service that we provide to all of our customers.
We encourage you to get to know our team of real estate professionals. Give us a call and we’ll show you how we combine our experience and local knowledge with myriad online marketing strategies that can guide you painlessly through the process of buying, selling or renting your Martha’s Vineyard home.
Edgartown Gambrel Offers Affordable Home Ownership on Martha’s Vineyard
The updated first floor includes a modern kitchen with new cabinets, tile floors with radiant heating, many custom built-ins and a half bath.
There are two bedrooms and a full bath upstairs with a lovely second floor deck overlooking the back yard.
A large bunk house is great for summer guests or kids looking to have their own space. There is also a storage shed, enclosed outdoor shower and hot tub.
On top of the exceptional value that you will find in this Martha’s Vineyard home, it is convenient and an easy stroll to Edgartown village.
This West Tisbury vacation home is new to our summer rental home inventory and worth checking-out if you are interested in seclusion when you head “home” to relax during your Martha’s Vineyard vacation while remaining central to everything the island has to offer.
The home is secluded in a grove of pines, in the up-island location of West Tisbury. Views from the house look out over a small meadow, bordering the State Forest.
A solarium and large deck both aid to highten enjoyment of the beautiful natural surroundings. Close to the State Forest, tenants can enjoy miles of beautiful bike paths just minutes from the house.
This comfortable and private vacation rental includes three bedrooms and two full baths, sleeping a total of six people. It is located in a community called Nat’s Farm, which was developed by the non-profit Vineyard Open Land Foundation with an eye toward conservation and aesthetics.
To find out more, please see the Nat’s Farm Vacation Rental listing, or call for more information.
This spacious 5 bedroom, 4 bath home in Katama has everything you will need for a relaxing vacation on Martha’s Vineyard.
This rental home is in a great location (just off Katama Rd, close to the bike path & South Beach)
The 1st Floor has a su-filled open floor plan w/ Living Room, Dining Room, & Kitchen overlooking the pool, patio and yard. The 1st Floor also has 3 bedrooms and 2 1/2 baths, including a w/ private bath and walkout deck. The 2nd Floor has 2 bedrooms and 2 baths, plus an additional sleeping space. The 2nd Floor also has a MBR w/ private bath and balcony.
Outside are a 20×40 foot heated pool, blue-stone patio, stone fireplace, and expansive yard. Great location, luxurious accommodations, & superb indoor/outdoor living space. A truly great getaway for family and friends. Prime dates are currently available, please visit this Katama rental property listing or call 508-693-6626 for more information.
Fall is pretty spectacular on the Vineyard. While we don’t get the colors of northern New England, the combination of fresh, clear air and the colors of water, meadows and a big sky can be savored from many different locations. Thirty-six percent of the Vineyard land is protected open space managed by several conservation groups. This trail is part of Waterview Farm’s twenty-two acres of association common land and is flanked by Farm Neck Golf Course on one side and Pecoy Point, a Martha’s Vineyard Land Bank property. This is one of my favorite walks and from right outside my door, I can access these as well as the Southern Woodlands and Weahtaqua Springs, two other adjoining Land Bank properties. On any given day, I can walk through open fields, around several ponds, savor beautiful ocean views, and through beech groves on woodland trails. Most days I don’t see a soul!
The Land Bank was created in 1986 to stem a flurry of development and building. Their funds come from a 2% surcharge on most real estate purchases by buyers. They use the funds to acquire large tracts of land that they restore and manage, offering public access to areas that were previously held privately and would be developable. The Land Bank has a varied and wide array of properties from one end of the island to the other, and visitors can walk, swim, boat, fish, hunt, picnic and bird watch. Even during the height of the summer, many of these areas can be explored while only meeting a handful, if any, other people. Check back for next week’s blog about the other conservation groups on the island…
My past 23 years in real estate on Martha’s Vineyard have featured a wide array of market conditions and trends. We have experienced boom years and stagnant markets with an excess of inventory. There have been times of rapid appreciation and times of corrections. In any market, however, accurate pricing is still the key to attracting buyers. The number one factor to consider when pricing your home is comparable sales in the area within the past 6 months. Comparable competing listings should be considered as well, but your property should stand out as a good value to today’s savvy buyers. Check back next week to see the four major pitfalls to avoid when pricing your property.