A look at home sales, prices and available homes throughout each of the Island towns during December 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 TotalsAquinnahChilmarkEdgartownOak BluffsVineyard HavenWest Tisbury
Homes for Sale428243140947857
Sold Properties520921972
Absorption Rates12 months22 months21 months12 months11 months17 months14 months
Highest Sold Price$12,600,000N/A$5,244,000$12,600,000$2,600,000$8,500,000$1,100,000
Percent of Assessed Value121%N/A106%132%119%105%110%
Average Price$1,821,066N/A$2,393,222$2,504,286$749,556$1,716,500$1,037,500
Median Price$1,013,456N/A$2,100,000$1,100,000$525,000$542,500$1,037,500