The Martha’s Vineyard Land Bank reported revenues of $431,519.15 for the business week ending on Friday, March 24, 2023. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.

Much of the land bank revenue last week came from the town of Edgartown, where five transactions resulted in $215,400. Two transactions earned $130,000 in West Tisbury. Two transactions generated $57,500 in Oak Bluffs. Three transactions resulted in $27,979.15 in Tisbury. And one transaction earned $640 in Chilmark.

No eligible transactions were recorded in Aquinnah.

The land bank uses its revenues to purchase and manage land for purposes of conservation, preservation and passive recreation. To date the agency has participated in the purchase of more than 3,900 acres of Vineyard land.