Page 10 - Luxury Market Report 2018

Vineyard Haven

Following strong gains in 2017, when sales of luxury
(>$900k) single family homes increased 50% in Vineyard
Haven, sales leveled off during the first nine months of this
year compared to year-earlier levels. Both average and median
selling prices declined — 10.5% and 7.6% respectively, during
the first nine months of 2018, while days on market declined by
1 1/2 months.

The diversity of the communities in Vineyard Haven –
from West Chop, to Tashmoo, Lambert’s Cove, Downtown,
Central and South Tisbury, offer every type of luxury buyer
access to ocean views, beaches, and amenities ranging from Scenic Vineyard Haven Harbor
shops, restaurants and transportation, to golf, tennis, lakes, har-
bors and yacht clubs. With a reputation for catering to wealthier,
young-to-middle age couples and families, Vineyard Haven con-
tinues to be a highly desired locale for those looking to purchase
their first vacation home, or move up to a more luxurious West
Chop, Tashmoo or downtown home.

Recent approval of town wide liquor licenses, a new fire
department, pending renovations of the elementary school, and
town hall, as well as the new Martha’s Vineyard Museum, Ernie
Boch Park on the water front, and enhanced walkways and bike
paths along Beach Road, underwrite a vibrant future for down-
town Vineyard Haven.

Herring Creek Road Lake Tashmoo area, sold for $825,000