A. Bradley Nelson
Chief Marketing Officer Sotheby's International Realty
Record breaking sale {{=ifError(nearestNamedReferenceKey('https://data.app.lucidpress.com/dataSets/1557').'address1', '{{Listing Street Address 1}}')}} {{=ifError(nearestNamedReferenceKey('https://data.app.lucidpress.com/dataSets/1557').'city', '{{City}}')}}, {{=ifError(nearestNamedReferenceKey('https://data.app.lucidpress.com/dataSets/1557').'state', '{{State}}')}} {{=ifError(nearestNamedReferenceKey('https://data.app.lucidpress.com/dataSets/1557').'zip', '{{Postal Code}}')}} $25,000,000 USD One of the largest single residential lots in Chilmark, this exceptional 60 acre offering includes 800 +/- feet of direct, breath-taking Atlantic Ocean front.
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RECENT MARKET MOVERS Our listing on 146 Quenames Road in Chilmark was one of the two record-breaking sales in 2021 for $25 million . The Quenames Road property included 60.4 acre and 800 ft of private oceanfront. A harborfront home in Edgartown with a private dock on 17 Faulkner Drive was the other record-breaking sale at $25 million. In addition to these sales, there were 10 Island sales over $10 million in 2021. We invite you to contact us if you are interested in learning more about the Martha's Vineyard real estate market or if you are looking to buy or sell in this active market. I look forward to working with you in 2022. Data provided by LINK MV.
Total Dollar Volume of Sales on Martha's Vineyard in 2021
With over $219.9 million in office sales for 2021, Wallace & Co. Sotheby's International Realty is ranked one of the top real estate brokerages on Martha's Vineyard. 2021 Office Trends: 39% increase in Sale Dollar Volume 11% increase in Number of Sales $2,994,745 Average Home Sale Price in 2021 (40% higher than Island -wide average)
2021 proved to be a perfect storm for the high-end housing market as the starts-and-stops of the pandemic’s reopening fueled even stronger demand for second homes and inventory struggled to keep pace. Here on Martha's Vineyard, the luxury market has continued to remain strong over the past 3 consecutive years. 2021 saw a record in the average home selling price up 24% from 2019 to almost $2.15 m. Edgartown continues to be the leader in sales accounting for about half the total dollar volume in sales on the Island. Martha’s Vineyard broke records in both 2020 and 2021 with $1.1 billion in total sales in 2020 and increasing by $200 million in 2021 to reach $1.3 billion in total sales for the year. With its stunning sandy beaches, historic towns, art galleries, fine dining, and endless acres of conservation land, the Island of Martha's Vineyard remains one of the most sought after vacation destinations.
A view from Martha's Vineyard
$1.3billion billion Billion
{FEATURED PROPERTY: Wallace & Co. Sotheby's International Realty - Photo by Esposito Productions
Leading real estate brokerage on martha's vineyard Wallace & Co. Sotheby's International Realty Anne-Marie Eddy| 508-560-0960| anne-marie@wallacemv.com