A look at home sales, prices and available homes throughout each of the Island towns during September 2012. The absorption rate records the rate at which homes are selling in a given area. It is calculated by taking the total number of homes in a six-month period and dividing it by the total number of homes for sale at the end of that six month period. The percent of assessed value compares the average assessed value of all properties sold with the average sale price of all properties, giving an indication of how closely sale prices reflect assessed values.


All data is provided by LINK, the Island's multiple listing service.

 

 

Island Totals

Aquinnah

Chilmark

Edgartown

Oak Bluffs

Tisbury

West Tisbury

Homes for Sale

544

24

55

185

125

94

61

Sold Properties

31

3

1

8

12

4

3

Absorption Rate

18 months

24 months

55 months

23 months

15 months

18 months

15 months

Highest Sold Price

$2,900,000

$2,900,000

$1,135,000

$1,515,000

$1,125,000

$1,150,000

$2,850,000

Percent of Assessed Value

102%

114%

136%

102%

100%

83%

108%

Average Price

$800,146

$1,471,000

$1,135,000

$873,563

$506,836

$526,500

$1,360,000

Median Price

$1,100,000

$1,822,500

$1,135,000

$1,375,000

$649,000

$995,000

$1,149,000