Page 10 - Luxury Market Report 2019

Vineyard Haven

Sales of luxury (>$900k) single family homes in-
creased a modest 3.7% in Vineyard Haven in 2018, but that
comes on top of a strong 50% surge in the prior year. Both
average and median selling prices declined — 20.7% and 11.3%
respectively, in 2018, while days on market declined by 1 1/2
months to 160 days.

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
shops, restaurants and transportation, to golf, tennis, lakes, har- Scenic Vineyard Haven Harbor
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