Martha's Vineyard Real Estate 2016 Year End Statistics

The 2016 year-end statistics for the Vineyard market, courtesy of LINK, are out and while I'm still digesting them and discussing with colleagues in the industry a couple things jump off the page. Most apparent is how the market surged upward from 2014 to 2015, with 2016 numbers Island-wide keeping roughly in line with 2015 in terms of prices and overall market activity. Inventory is trending down and Chilmark in particular had an incredible year in sales with a record-breaking $102.88m in volume (compared to just $51m in 2015 and $40m in 2014). In Chilmark, average and median sale prices were also up - 48% and 17% respectively over 2015. 

Click here to download the entire report as a PDF.