Page 10 - Luxury Market Report as of May 2020

Vineyard Haven

Sales of luxury (>$900k) single + multi-family homes
in Vineyard Haven have held steady the past three years, be-
tween 27 and 28 sales per year. Average and median prices
last year 2019 went in different directions, with average price
up 16.4% and median price down 8.3%. Days on market on
the increased by 65 days to 225 days, or approximately 7.5
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, 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