• Home
  • Contact Us
  • Our Team
Monday, March 20, 2023
Unique Homes
  • For Sale
  • Blog
    • News
    • Lifestyles
    • Locations
    • Features
  • Magazines
    • Unique Homes
    • Homes & Estates
    • Keller Williams Luxury
    • Luxury Collection of Florida
    • Luxury Portfolio International
    • Luxury Real Estate
    • Prestige
    • Unique Homes China
    • Distinctive Properties
    • Domain
  • The High End
    • The High End
  • Homes
  • Agents
  • Contact Us
    • Our Team
    • Advertise With Us
    • Subscribe
No Result
View All Result
Unique Homes
  • For Sale
  • Blog
    • News
    • Lifestyles
    • Locations
    • Features
  • Magazines
    • Unique Homes
    • Homes & Estates
    • Keller Williams Luxury
    • Luxury Collection of Florida
    • Luxury Portfolio International
    • Luxury Real Estate
    • Prestige
    • Unique Homes China
    • Distinctive Properties
    • Domain
  • The High End
    • The High End
  • Homes
  • Agents
  • Contact Us
    • Our Team
    • Advertise With Us
    • Subscribe
No Result
View All Result
Unique Homes
No Result
View All Result

Mass Appeal

by Kelly Potts
August 6, 2016
0
Mass Appeal

A classic Edgartown home with one of the only sandy beaches on the harbor recently sold for $12 million. (Wallace & Co. Sotheby's International Realty)

Share on FacebookShare on Twitter

In Massachusetts, Realtors report strong buyer interest in prime waterfront markets.

By Samantha Myers

A classic Edgartown home with one of the only sandy beaches on the harbor recently sold for $12 million. (Wallace & Co. Sotheby's International Realty)
A classic Edgartown home with one of the only sandy beaches on the harbor recently sold for $12 million. (Wallace & Co. Sotheby’s International Realty)

Martha’s Vineyard

Throughout Martha’s Vineyard, agents are reporting strong sales. “2015 was a record-breaking year as far as total dollar volumes in sales,” says Alyssa Dubin, of Wallace & Co. “It was one of the highest we’ve seen, and 2016 is shaping up to be similar. First quarter sales were similar to 2015, but we’ve seen a steady surge of activity.”

“We have an unusual market here on the Vineyard in that you have our low end around a couple hundred thousand and the high end is around $20 million-plus,” says Deb Hancock of Hancock Real Estate. According to the agents, it’s a buyers market, but the higher end of the market is in favor of the seller. “Buyer’s are savvy. They can wait and find a property that’s priced right,” says Dubin.

Hancock explains how Martha’s Vineyard’s market remains resilient. “We have great diversity. We’re 108 square miles, and the 6 separate island towns are all very unique in their own right. Most buyers have an idea of what area they want to buy in, before they start.”

Although there has been a recent influx of international buyers, U.S. families are predominant, especially ones that have a relationship to the island. “It’s a generational meeting place for a lot of families. We see buyers wanting large homes and compounds to accommodate multiple generations,” says Dubin.

Recently, construction on the island has been surging, and vacant lots are being sold to accommodate building projects. Dubin saw 7.8 acres of land sell for $3.8 million, and Hancock sold a 20-acre parcel in Chilmark with panoramic views of the water for $5.5 million.

“Rentals are very busy, and that’s usually a good sign of sales,” says Dubin. “Those renters turn into
buyers because they fall in love.”

This waterfront Edgartown Harbor mansion sold in 2015 for $22 million. (Hancock Real Estate)
This waterfront Edgartown Harbor mansion sold in 2015 for $22 million. (Hancock Real Estate)

Cape Cod

In Cape Cod, it’s no surprise that waterfront properties dominate the higher spectrum of the luxury price range. “A house on the water, with a beautiful beach or a deep-water dock could be priced at $10 million, and the exact same house across the street could easily be half that price,” says Paul Grover of Robert Paul Properties.

“There’s not a lot of inventory for properties on the lower end of the price point. As for the high-end luxury market, this is our prime time for that,” Grover explains. He says the market quiets down mid-summer, but gets busy again after Labor Day. “Summer houses go on the market after people spend their last summer there, so our inventory is up in September.”

On more than 28 acres, this West Tisbury estate sold for $3.12 million. (Wallace & Co. Sotheby's International Realty)
On more than 28 acres, this West Tisbury estate sold for $3.12 million. (Wallace & Co. Sotheby’s International Realty)

Nantucket

As for Nantucket, Gary Winn from Maury People Sotheby’s International Realty explains the market’s growth from previous years. “We are way ahead from last year, and I expect that trend to keep going and, if so, it might be one of our best years yet.” He adds, “Last year’s average price was $2.113 million and the average sale right now is lower at $1.896 million, but that’s because it’s early in the season.”

According to Winn, antique houses in town built in the 1700s and 1800s are protected from the ongoing construction that the island is seeing, whereas newer and more modern homes are replacing the properties built outside town from the 1950s to 1970s. “People buy here because it’s an island, and when you’ve gone to Nantucket, you feel like you’ve actually gone somewhere.”

Listed at $2.395 million, this Main Street home on Nantucket Sound in Cotuit recently sold. (Robert Paul Properties)
Listed at $2.395 million, this Main Street home on Nantucket Sound in Cotuit recently sold. (Robert Paul Properties)

Kelly Potts

Kelly Potts

Related Posts

Just Listed: Helen Mirren and Taylor Hackford’s Legacy Home for $17 Million
Celebrities

Just Listed: Helen Mirren and Taylor Hackford’s Legacy Home for $17 Million

February 14, 2023
Kim Kardashian purchases $70.4 Million Malibu Mansion formerly owned by Cindy Crawford
Lifestyles

Kim Kardashian purchases $70.4 Million Malibu Mansion formerly owned by Cindy Crawford

December 13, 2022
Storied Historic Homes
Lifestyles

Storied Historic Homes

November 18, 2022
Arsht Estate Sold
Fabulous Florida

The Arsht Estate, Cover Property from the Summer 2022 Prestige Magazine, Sold!

September 30, 2022
Mariah Carey's Estate
Luxury Property

Superstar Mariah Carey’s Atlanta Home Hits the Market for $6.5 Million

September 15, 2022
Featured Property: St. Thomas, Virgin Islands
Featured Property

Featured Property: St. Thomas, Virgin Islands

July 21, 2022
Next Post
From Sea to Shining Sea

From Sea to Shining Sea

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Posts

Making Waves

Making Waves

March 17, 2023
Going Beyond Protecting Your Family Legacy

Going Beyond Protecting Your Family Legacy

March 8, 2023
Fresh as a Daisy

Fresh as a Daisy

March 2, 2023
Marsha Merrill – Top-Notch Real Estate Service & Results

Marsha Merrill – Top-Notch Real Estate Service & Results

February 22, 2023
Just Listed: Helen Mirren and Taylor Hackford’s Legacy Home for $17 Million

Just Listed: Helen Mirren and Taylor Hackford’s Legacy Home for $17 Million

February 14, 2023

Category

  • Ads (49)
  • Agent Spotlight (40)
  • Agents (63)
  • Art (27)
  • Celebrities (1)
  • Decor (71)
  • Design (117)
  • Destinations (63)
  • Fabulous Florida (6)
  • Fashion (9)
  • Featured Property (66)
  • Features (244)
  • Food (5)
  • Furniture (2)
  • Gift (11)
  • Gift guide (6)
  • Inspiration (5)
  • Lifestyles (400)
  • Locations (504)
  • Luxury Property (40)
  • News (626)
  • Press Release (18)
  • Property Spotlight (69)
  • Real Estate News (38)
  • Showcase Homes (55)
  • Ultimate Properties (5)
  • Uncategorized (112)
  • Waterfront Properties (17)
  • Wellness (8)
  • Home
  • Contact Us
  • Our Team
Call us: 1-833-928-9020

© 2022 Copyright by UniqueHomes.com™. All rights reserved. - Privacy Policy

No Result
View All Result
  • For Sale
  • Blog
    • News
    • Lifestyles
    • Locations
    • Features
  • Magazines
    • Unique Homes
    • Homes & Estates
    • Keller Williams Luxury
    • Luxury Collection of Florida
    • Luxury Portfolio International
    • Luxury Real Estate
    • Prestige
    • Unique Homes China
    • Distinctive Properties
    • Domain
  • The High End
    • The High End
  • Homes
  • Agents
  • Contact Us
    • Our Team
    • Advertise With Us
    • Subscribe

© 2022 Copyright by UniqueHomes.com™. All rights reserved. - Privacy Policy