A look at home sales, prices and available homes throughout each of the Island towns during November 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 Sale47325461561039261
Sold Properties311411655
Absorption Rates16 months25 months46 months10 months14 months18 months15 months
Highest Sold Price$8,500,000$335,000$2,200,000$1,900,000$1,200,000$980,000$2,150,000
Percent of Assessed Value102%137%93%104%102%96%95%
Average Price$1,078,066$335,000$1,420,625$869,250$625,050$512,000$950,600
Median Price$630,000$335,000$1,516,250$650,000$412,500$445,000$720,000