A look at home sales, prices and available homes throughout each of the Island towns during January 2013. 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  Vineyard   Haven    West     Tisbury 
Homes for Sale 378 21 41 118 85 67 46
Sold Properties 14 0 1 4 5 4 0
Absorption Rates 12 months 21 months 20 months 11 months 10 months 13 months 11 months      
Highest Sold Price $1,395,000 N/A $843,500 $1,325,000 $710,000   $1,395,000 N/A                
Percent of Assessed Value 97% N/A 68% 100% 79% 125% N/A
Average Price $723,536 N/A $843,500 $883,750 $425,000 $906,000 N/A
Median Price $636,250 N/A $843,500 $853,750 $495,000 $895,000 N/A