Page 6 - Luxury Market Report as of January 2021 revised 3-15-21

Edgartown

Sales of luxury (>$900K) single + multi-family homes
in Edgartown rose by 90.1% in 2020, compared to a 4.1% in-
crease in the prior year. Average and median prices both de-
creased sharply however, due to comparisons to a sharp in-
crease in 2019 when several very high priced home sales
skewed the figures up. While the Cronavirus and high demand
for second homes have pushed sales up sharply, it is likely that
these factors will continue to drive strong demand for the first
half of the year, but year-to year comparisons of sales will begin
to level out. Sales in the downtown areas climbed sharply and
sales in Katama more than doubled. Downtown Edgartown residential/commercial bldg., sold for $1.35M

The Edgartown area -- encompassing the luxury markets of
Downtown Edgartown, Katama, Chappaquidick, South Shore,
Sengekontacket and Central communities, while typically associ-
ated with an older, upscale and wealthy home buyer, is increasing
in popularity among older Millennial and Gen X families looking
for island vacation home purchases and investment opportunities.
Close proximity to downtown shops, nightlife, beaches, yacht
club and the harbor make Edgartown an important destination
spot for the discerning buyer, and ensures stable property values,
steady sales, and a stable supply of homes in all price ranges.

29 Winter St Unit # 22 commercial condo, sold for $460K