Page 14 - Luxury Market Report as of May 2020

West Tisbury

Luxury single family home sales (>$900K) in West Tisbury
fall 16.7%, after climbing 26.3% in 2018, and leaping 35.7% in the
prior year. The largest single sale, the Graham estate with 185 acres,
sold for $32.5M at the beginning of the year. Despite the fall off in sales
last year, median price rose 15.7%. Days on market rose by roughly 3-
months to 262 days. There were 4 sales above $3M, versus none the prior
year.

The town’s luxury home sales this past year were divided evenly
across Lambert’s Cove, South Shore, and Central areas.

West Tisbury’s North Shore encompasses the exclusive Upper
and Lower Makonikey, Lambert’s Cove, Paul’s Point and Seven Gates
Farm areas. The South Shore includes the beaches and kayaker’s paradise
running from Homer’s Pond, to Long Pond, and Tisbury Great Pond
which includes Tiah’s Cove and Deep Bottom Cove.

West Tisbury’s cultural activities and coastlines -- including the
scenic hiking trails of Cedar Tree Neck, the Polly Hill Arboretum, the
th
187 Annual Agricultural Fair mid-August, Alley’s General Store, State
Road and 7a restaurants, as well as the Granary Gallery and MV Glass-
works – underwrite the town’s enduring draw as a vacation home destina-
tion for all age groups.