Page 10 - Luxury Market Report as of January 2021 revised 3-15-21

Vineyard Haven

Sales of luxury (>$900k) single + multi-family homes
in Vineyard Haven climbed 88.9% in 2020, to nearly twice as
many as in any of the past 5-years. Average and median pric-
es rose, with average price up 5.3% and median price up
33.3%. Days on market on the increased by 44 days to 269
days, or to approximately 9-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
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, and
Ernie Boch Park on the water front, along with proposals for a
commercial port designation, new marina on the Lagoon and en-
hanced walkways and bike paths along Beach Road, underwrite
a vibrant future for downtown Vineyard Haven.

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