Page 10 - Luxury Market Report 2019
P. 10

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
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